JSCC Completes Compression Cycle for Cleared Interest Rate Swaps

Japan Securities Clearing Corporation announced today that it had completed the compression cycle with Quantile Technologies for cleared yen-denominated interest rate swaps.

In today's cycle, 9,444 cleared swaps (5,764 full-size terminations and 3,680 partial terminations) with JPY 30.0 trillion in notional amount were terminated.
(*)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.
(**)Terminations of LIBOR-OIS basis swaps generated due to technical reason (i.e., to retain LIBOR Fixing results fixed on and before December 31, 2021) at one-time conversion of LIBOR referencing trades to OIS trades are excluded from the above values.

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.