JSCC Completes Eighth Compression Cycle for Cleared Interest Rate Swaps

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

Twenty-one major Japanese and foreign financial institutions, which are JSCC’s Participants and Customers, eliminated JPY 289.1 Trillion in notional amount, with 44,817 cleared swaps terminated (38,146 full-size terminations and 6,671 partial terminations) in today’s cycle.

(*)Values are expressed on a double-leg basis. You can obtain single-leg based value 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.