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Merger Between JSCC and JGBCC Effective Today


 The merger between Japan Securities Clearing Corporation (JSCC) and Japan Government Bond Clearing Corporation ( JGBCC ) takes effect today.

 For some time we at JSCC and JGBCC have been working to strengthen our ties through operational collaboration, equity investment and personnel exchange. Following this merger, our intention is to seek to further improve the quality of our clearing operations through improved operational efficiency and systems interfaces. We are confident that this will enable wider market access, along with further enhancements to the protection that JSCC provides, leading to greater international competitiveness for Japanese financial and capital markets.

 As part of the merger, JGBCC’s OTC JGB clearing has been amalgamated with JSCC’s other clearing services. This combination of OTC JGBs, JGB futures and IRS, broadens JSCC’s coverage of yen interest rate products.

 To further improve JSCC’s clearing service, for both domestic and overseas participants, JSCC will work to build on the foundation of its current robust risk management and operational infrastructure.

 Finally, we at JSCC would like to express our heartfelt thanks to those who have contributed to the successful completion of this merger. We greatly value your continued support.