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home > Information > Press Releases > Record-Breaking Monthly Volume for the Three Months in a row in Clearing Service for Interest Rate Swap

Record-Breaking Monthly Volume for the Three Months in a row in Clearing Service for Interest Rate Swap

2024/06/03

Japan Securities Clearing Corporation ("JSCC") is pleased to announce that monthly clearing volume in its clearing services for interest rate swap transactions ("IRS") reached 314 trillion yen in May 2024, accomplishing record-breaking monthly volume for the three months in a row from March 2024.

Since JSCC started IRS clearing service in 2012, JSCC has repeatedly improved its functions so that our users in Japan and overseas should be able to enjoy globally competitive services. Recently, we have been advancing measures for conveniences and efficiencies for users, such as enhancing STP (Straight Through Processing) from swap execution to clearing, and such as expanding cross-margins with listed interest rate products.

With the growing interest rate hedging needs in light of recent changes in the monetary policy of the Bank of Japan, through efficient and reliable clearing service by these improvements, the clearing volume has expanded since March this year hitting a monthly record high for three consecutive months.

Press Release
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