JSCC Completes Sixteenth Compression Cycle for Cleared Interest Rate Swaps

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

Eighteen major Japanese and foreign financial institutions, which are JSCC’s Participants and Customers, eliminated JPY 73.9 Trillion in notional amount, with 14,012 cleared swaps terminated (9,718 full-size terminations and 4,294 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.