JSCC Completes Compression Cycle for Cleared Interest Rate Swaps

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

In today's cycle, 30,063 cleared swaps (24,374 full-size terminations and 5,689 partial terminations) with JPY 391.4 trillion in notional amount were terminated.
Note: Terminations of Euroyen TIBOR-OIS basis swaps generated due to technical reason (i.e., to retain Euroyen TIBOR Fixing results fixed on and before December 30, 2024) at one-time conversion of Euroyen TIBOR 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.