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

JSCC Completes seventh Compression Cycle for Cleared Interest Rate Swaps

2016/03/04

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

Thirteen major Japanese and foreign financial institutions, which are JSCC’s Participants and Customers, eliminated JPY 173.6 Trillion in notional amount, with 25,572 cleared swaps terminated (19,699 full-size terminations and 5,873 partial terminations) in today’s cycle.
(*) Starting from this notification, values are expressed on a double-leg basis. You can obtain single-leg based value as in the prior notifications by dividing the above value by 2. Statistical information will continue to be provided 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.