JSCC Completes the Bulk Conversion of IRS Cleared Contracts referencing LIBOR to those referencing TONA (OIS)

Japan Securities Clearing Corporation today completed the Bulk Conversion of IRS Cleared Contracts referencing LIBOR to those referencing TONA (OIS).

In this Conversion, 143,319 cleared Interest Rate Swaps referencing LIBOR were converted to OIS trades.
(*)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.

JSCC will strive to ensure safe and efficient operations of our clearing services and enhance the accessibility of our services for market participants.