About JSCCHistory
History
In January 2003, Japan Securities Clearing Corporation ( JSCC) was licensed as the first clearing house in Japan to conduct a “Securities Obligation Assumption Service” (current “Financial Instruments Obligation Assumption Service” stipulated in the Financial Instruments and Exchange Act) and commenced clearing services for transactions executed on stock exchanges.
In addition to listed products, JSCC currently provides clearing services for Over-the-Counter (OTC) derivatives (Credit Default Swaps (CDS) and Interest Rate Swaps (IRS)) and OTC Japanese Government Bond ( JGB) transactions, and is working to expand services for foreign users.
Moreover, on July 27, 2020, in association with the merger with Japan Commodity Clearing House Co., Ltd. for the purpose of an integration of the clearing function, JSCC expanded its clearing coverage to the listed commodity derivatives transactions.
| July 2002 | Established jointly by 5 Japanese stock exchanges and the Japan Securities Dealers Association |
| January 2003 | Licensed to conduct the Securities Obligation Assumption Service (now known as Financial Instruments Obligation Assumption Service) and commenced cash transactions clearing for all domestic securities exchanges |
| February 2004 | Commenced Tokyo Stock Exchange-listed derivatives clearing |
| July 2010 | Commenced Proprietary Trading System (PTS) clearing |
| July 2011 | Commenced Credit Default Swaps (CDS) clearing |
| October 2012 | Commenced Interest Rate Swaps (IRS) clearing |
| July 2013 | Migrated Osaka Securities Exchange listed derivatives clearing to JSCC |
| October 2013 | Merged with Japan Government Bond Clearing Corporation |
| April 2015 | Received ESMA recognition as Third-Country CCP |
| September 2015 | Designated as Prescribed CCP in Australia |
| October 2015 | Obtained Exemption from Registration as Derivatives Clearing Organization from CFTC |
| August 2016 | Authorization as ATS-CCP and Designated CCP in Hong Kong |
| May 2017 | Expansion of scope of cleared products subject to exemption from DCO Registration at CFTC |
| January 2018 | Receives Swiss FINMA recognition as Foreign Central Counterparty |
| January 2018 | Temporally recognized as a Third-Country CCP by the Bank of England |
| July 2020 | In association with the merger with Japan Commodity Clearing House Co., Ltd. (JSCC is the surviving entity), launched the clearing service related to the listed commodity derivative transactions listed on Osaka Exchange, Inc., Tokyo Commodity Exchange, Inc. and Osaka Dojima Commodity Exchange |
| January 2021 | Launched ETF Creation/Redemption clearing |
| September 2023 | Granted Interim Order of Exemption from Registration of clearing agency by OSC in Canada |
| September 2024 | Granted Order of Exemption from Registration of clearing agency by OSC in Canada |
