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home > Information > News > JSCC Completes fifth Compression Cycle for Cleared Interest Rate Swaps

JSCC Completes fifth Compression Cycle for Cleared Interest Rate Swaps

2015/09/04

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

Eighteen major Japanese and foreign financial institutions, which are JSCC’s Participants and Customers, eliminated JPY 50.2 Trillion in notional amount, with 9,894 cleared swaps terminated (9,577 full-size terminations and 317 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.