About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

JSCC and Tokyo Financial Exchange Plan Introduction of IRS and CDS CCP

Subscribe to our newsletter

The Japan Securities Clearing Corporation (JSCC) and the Tokyo Financial Exchange (TFX) have confirmed that they are both planning to introduce clearing for credit derivatives this year, in the form of interest rate swaps (IRSs) and credit default swaps (CDSs). Both parties have been planning the move for around six months and are currently in discussions with other institutions and vendors concerning infrastructure and fees.

JSCC, which is majority owned by the Tokyo Stock Exchange, and TFX, which is member owned, are seeking to introduce clearing for these instruments in order to bring down settlement risk in the domestic derivatives market. The move is therefore similar to that of their US and European counterparts in the clearing central counterparty (CCP) race. It would also add another CCP contender to the global picture, which may not go down well in some corners of the market.

Currently, many Japanese institutions use LCH.Clearnet’s CCP to clear their IRSs and both JSCC and TFX have taken this into account and are already in talks with the London-based firm about establishing clearing links.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Best practices for buy-side data management across structured and unstructured data

Data management is central to asset management, but it can also be a challenge as firms face increased volumes of data, data complexity and the need to consolidate structured and unstructured data to gain valuable insights, improve decision-making, step up customer acquisition and compliance, and ultimately, gain competitive advantage in a market characterised by tight...

BLOG

WeeFin Wins Best Data Management Initiative for ESG in the DMI Euro Awards 2024

WeeFin has won the award for Best Data Management Initiative for ESG in the Data Management Insight Euro Awards 2024. The awards recognise established providers and innovative newcomers who offer solutions that are providing leading data management solutions, services and consultancy to capital markets participants across Europe. Winners are selected by A-Team Group’s independent, expert...

EVENT

Data Management Summit London

Now in its 15th year, the Data Management Summit (DMS) in London brings together the European capital markets enterprise data management community, to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

Regulatory Data Handbook 2024 – Twelfth Edition

Welcome to the twelfth edition of A-Team Group’s Regulatory Data Handbook, a unique and useful guide to capital markets regulation, regulatory change and the data and data management requirements of compliance. The handbook covers regulation in Europe, the UK, US and Asia-Pacific. This edition of the handbook includes a detailed review of acts, plans and...