JSCC still keen on CCP interoperability
Takeshi Hirano, director of strategic planning and over-the-counter derivatives clearing services at the JSCC, talks to Ramya Jaidev
The Japan Securities Clearing Corporation (JSCC) has big ambitions. Having launched a domestic clearing service for Japanese index credit default swaps (CDSs) in July, it is now looking to build an interest rate swap facility – an initiative that recently hit a snag. The JSCC had been working with London-based LCH.Clearnet to build a platform that is interoperable with its SwapClear interest rate swaps clearing service. Those talks broke down in September – but the JSCC remains undeterred.
“It
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