JSCC Completes First Member Initiated Compression for Cleared Interest Rate Swaps

Japan Securities Clearing Corporation announced today that it had completed the first member initiated compression (MIC)for cleared yen-denominated interest rate swaps.

MIC has a high degree of freedom for determining the schedule and the trades to be compressed. For the benefit of the market participants, JSCC would put forth an effort to take usability a step further.

While continuing to provide the 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.