JSCC expands the scope of eligible tenors for single-name CDS clearing

Japan Securities Clearing Corporation announces that today it has expanded the scope of eligible tenors to 10 year (years to maturity up to 10 years and 3 months) for single-name credit default swaps (CDS) clearing, with the first clearing day on June 1.

JSCC has launched CDS clearing for single-name trades in December 2014 accepting initially 12 issues for which tenors up to 5 years and added 23 issues in January 2017.

Backed by a higher need for clearing based on increased transactions of issues with tenor over 5 years, we have expanded scope of eligible tenors up to 10 years.

Consequently, it is expected that Clearing Participants can reduce counterparty risk further as well as improving their capital efficiency, etc.

We will seek to enhance and upgrade our CDS clearing functions, for example, by expanding the scope of eligible issues, and provide services more accessible to market participants.

* For all of issues eligible for CDS clearing, please visit here.

【Contact】
OTC Derivatives Clearing Service
Japan Securities Clearing Corporation
Tel: 03-3665-1405
Email: otc@jscc.co.jp