JSCC Completes Second Compression Cycle for Cleared Interest Rate Swaps

Japan Securities Clearing Corporation announced today that it had completed the second compression cycle for cleared yen-denominated interest rate swaps (using TriOptima’s triReduce service).

Nineteen major Japanese and foreign financial institutions, which are JSCC’s Participants and Customers, eliminated JPY 39.1 Trillion in notional amount, with 7,857 cleared swaps terminated (7,569 full-size terminations and 288 partial terminations) in today’s cycle (which are all on a single-leg basis).

While continuing to provide the bulk compression service, JSCC will strive to ensure safe and efficient operations of our clearing services and enhance the accessibility of our services for market participants.