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New Enrollment of a CDS Clearing Participant (Merrill Lynch Japan Securities)


JSCC has granted CDS clearing qualification to Merrill Lynch Japan Securities Co., Ltd. (MLJS) as of today, September 3, 2013.

Operating under the global brand “Bank of America Merrill Lynch,” MLJS provides equities and debt trading capabilities as well as capital markets, investment banking and other advisory services to a wide range of clients including corporations, financial institutions and government bodies, in Japan. The firm also trades actively in the CDS market, including the iTraxx Japan index for which JSCC manages the clearing process.

MLJS’ participation is expected to further increase and advance the use of JSCC’s clearing system. JSCC will continue to focus on the stable management and operation of the CDS clearing system, in order to achieve further penetration, in collaboration with relevant companies.

With the participation of MLJS, the number of CDS Clearing Participants now totals 10. Including 2 participants currently participating by means of Clearing Brokerage, the total number of participants in JSCC’s CDS Clearing Business now stands at 12.

-Contact us-
Japan Securities Clearing Corporation
OTC Derivatives Clearing Service
Tel: 03-3665-1405
Email: otc@jscc.co.jp