JSCC issued ¥486bn VM call in Q3
Estimated largest payment obligation sized at ¥620 billion
One member of the Japan Securities Clearing Corporation was issued a variation margin (VM) payment call of ¥486 billion ($4.5 billion) in Q3.
This call was the second-largest made by the central counterparty since public disclosures began in Q3 2015.
JSCC also estimated that its largest same-day payment obligation, if any single member had defaulted in Q3, would have been ¥620 billion, up 61%
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