Increase of the number of participants for CDS Clearing Business by means of Clearing Brokerage
2012/02/28
On July 19th last year, JSCC has initially commenced its CDS Clearing Business with 5 Clearing Participants. Since then the outstanding balance of the borne obligation has gradually increased. Outstanding balance of obligation borne as of close of business February 28th, 2012 amounts to JPY126.5 Billion (one-sided base).
It has now been decided that as of March 1st, 2012, Mizuho Corporate Bank, Ltd. will enter into the CDS Clearing Brokerage Agreement with Mizuho Securities Co., Ltd. This will bring any CDS transactions (those CDS transactions eligible for clearing by JSCC) traded by Mizuho Corporate Bank, Ltd. on and after the abovementioned date to be cleared through Mizuho Securities Co., Ltd.
Taking this occasion, JSCC will further focus to provide stable operation for CDS clearing business and to further endeavor to expand its business under close cooperation with all the relevant parties.
【Contact for more information】
Japan Securities Clearing Corporation
OTC Derivatives Clearing Service
Tel：03-3665-1405
Email：otc@jscc.co.jp
