Margin

Adopted the SPAN®

The SPAN® (Standard Portfolio Analysis of Risk) system is a methodology that calculates risk-based margin developed by the Chicago Mercantile Exchange (CME) in 1988, and it is adopted by major futures and options exchanges as well as clearing institutions around the world.
JSCC entered into a licensing agreement with CME and uses the original SPAN® system developed by CME to calculate Clearing Margin.
Futures and options traded on the OSE are cleared by Japan Securities Clearing Corporation (JSCC).
Please refer to the JSCC website for SPAN risk parameter files, SPAN parameters and other related matters.

Japan Securities Clearing Corporation (JSCC)icon-block
SPAN® (JSCC)icon-block

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