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

JSCC Completes Thirteenth Compression Cycle for Cleared Interest Rate Swaps

2017/04/21

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

Twenty major Japanese and foreign financial institutions, which are JSCC’s Participants and Customers, eliminated JPY 80.2 Trillion in notional amount, with 14,470 cleared swaps terminated (9,406 full-size terminations and 5,064 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.