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Rule Changes

History of Rule Changes

Outlines concerning Client Clearing Fee Revision in IRS Clearing Business

Subject Public Comment Period
Outlines concerning Client Clearing Fee Revision in IRS Clearing Business 2019/10/28-2019/11/27

Outlines concerning Commodity Market Clearing Service in association with Integration with Japan Commodity Clearing House Co., Ltd.

Subject Public Comment Period
Outlines concerning Commodity Market Clearing Service in association with Integration with Japan Commodity Clearing House Co., Ltd. 2019/7/30-2019/8/29
◆ (Reference) Public Comments (Osaka Exchange)

Clearing Framework Concerning Creation/Redemption of ETF

Subject Public Comment Period
Clearing Framework Concerning Creation/Redemption of ETF 2019/4/24-2019/5/24

Outlines concerning Revision of Handling of Customer Profit upon Clearing Broker Default, etc. in Interest Rate Swap Clearing Business

Subject Public Comment Period
Outlines concerning Revision of Handling of Customer Profit upon Clearing Broker Default, etc. in Interest Rate Swap Clearing Business 2019/4/24-2019/5/15

Partial Revision of Calculation Method of Initial Margin and Clearing Fund and Other Measures in JGB OTC Transaction Clearing Business

Subject Public Comment Period
Partial Revision of Calculation Method of Initial Margin and Clearing Fund and Other Measures in JGB OTC Transaction Clearing Business 2019/3/4-2019/3/15

Outlines concerning Addition of Custody Method of Clearing Deposit in the Form of Cash in OTC Derivatives Clearing Business

Subject Public Comment Period
Outlines concerning Addition of Custody Method of Clearing Deposit in the Form of Cash in OTC Derivatives Clearing Business 2018/12/19-2019/1/18

Partial Revision of Clearing Fund and Margin Requirement Calculation Method for Futures and Option Contracts

Subject Public Comment Period
Partial Revision of Clearing Fund and Margin Requirement Calculation Method for Futures and Option Contracts 2018/12/05-2018/12/18

Outlines concerning Establishment of Initial Margin Increase Framework according to Creditworthiness in Cash Products Clearing Service

Subject Public Comment Period
Outlines concerning Establishment of Initial Margin Increase Framework according to Creditworthiness in Cash Products Clearing Service 2018/12/05-2018/12/18

Outlines concerning Enhancement of Customer Convenience etc. in Interest Rate Swap Clearing Business

Subject Public Comment Period
Outlines concerning Enhancement of Customer Convenience etc. in Interest Rate Swap Clearing Business 2018/10/25-2018/11/08

Outlines related to Compression Service Improvement etc in IRS Clearing Business

Subject Public Comment Period
Outlines related to Compression Service Improvement etc in IRS Clearing Business 2018/05/23-2018/06/05

Outlines concerning Transfer of Open Interests in IRS Clearing Business

Subject Public Comment Period
Outlines concerning Transfer of Open Interests in IRS Clearing Business 2018/03/12-2018/03/25

The revision of the Parental Guarantee system for JGB OTC Transaction Clearing Business

Subject Public Comment Period
The revision of the Parental Guarantee system for JGB OTC Transaction Clearing Business 2018/02/19-2018/03/20

Outline of Revision associated with Shortening of Stock Settlement Cycle (toward T+2)

Subject Public Comment Period
Outline of Revision associated with Shortening of Stock Settlement Cycle (toward T+2) 2017/09/28-2017/10/28

Outlines Regarding Reinforcement of Risk Management Framework related Default Management in Securities and Similar Contracts Clearing Business

Subject Public Comment Period
Outlines Regarding Reinforcement of Risk Management Framework
related Default Management in Securities and Similar Contracts Clearing Business
2017/09/28-2017/10/28

Outlines concerning JGB OTC Transactions Clearing Business associated with Shortening of JGB Settlement Cycle and to Cover Inflation-Indexed JGB

Subject Public Comment Period
Outlines concerning JGB OTC Transactions Clearing Business
associated with Shortening of JGB Settlement Cycle
and to Cover Inflation-Indexed JGB
2017/6/21-2017/7/21
Outlines concerning JGB OTC Transactions Clearing Business
associated with Shortening of JGB Settlement Cycle
and to Cover Inflation-Indexed JGB (Amended on January 29, 2018)

Outlines concerning Revision of Clearing Services for Listed Derivatives, etc.

Subject Public Comment Period
Outlines concerning Revision of Clearing Services for Listed Derivatives, etc. 2017/3/31-2017/4/30
◆ (Reference) Public Comments (Osaka Exchange)

Outlines concerning Introduction of Variation-Margining-as-Settlement

Subject Public Comment Period
Outlines concerning Introduction of Variation-Margining-as-Settlement 2016/10/27-2016/11/10

Addition of New Fee Schedule for Client Clearing

Subject Public Comment Period
Addition of New Fee Schedule for Client Clearing 2016/10/27-2016/11/10

Outlines concerning Expansion of Cross Margining Coverage and other Items

Subject Public Comment Period
Outlines concerning Expansion of Cross Margining Coverage and other Items 2016/9/29-2016/10/29

Partial Revision of Margin Calculation Method for Listed Derivatives

Subject Public Comment Period
Partial Revision of Margin Calculation Method for Listed Derivatives 2016/3/24-2016/4/23

Outline related to Functional Enhancement of Compression Schemes, etc.

Subject Public Comment Period
Outline related to Functional Enhancement of Compression Schemes, etc. 2016/1/7-2016/2/6

Outlines of Compression Scheme Revision for CDS Transactions

Subject Public Comment Period
Outlines of Compression Scheme Revision for CDS Transactions 2016/1/7-2016/1/21

Outlines of OTC JGB Clearing Business to Cover Inflation-Indexed Japanese Government Bonds

Subject Public Comment Period
Outlines of OTC JGB Clearing Business to Cover Inflation-Indexed
Japanese Government Bonds
2015/11/25-2015/12/25

Outlines of Japanese Government Bond OTC Transactions Clearing Business associated with Shortening of Japanese Government Bonds Settlement Cycle

Subject Public Comment Period
Outlines of Japanese Government Bond OTC Transactions Clearing
Business associated with Shortening of Japanese Government Bonds
Settlement Cycle
2015/5/27-2015/6/9

Revision of Clearing Fund Structure for Cash Equities, etc.

Subject Public Comment Period
Revision of Clearing Fund Structure for Cash Equities, etc. 2015/4/30-2015/5/30

Outline of Scheme for Introducing Compression per Trade

Subject Public Comment Period
Outline of Scheme for Introducing Compression per Trade 2015/4/7-2015/5/7

Outline of Compression for Credit Default Swaps

Subject Public Comment Period
Outline of Compression for Credit Default Swaps 2015/4/7-2015/4/20

Outline with Regard to Clearing of Foreign Currency-Denominated Interest Rate Swaps

Subject Public Comment Period
Outline with Regard to Clearing of Foreign Currency-Denominated
Interest Rate Swaps
2015/2/10-2015/3/12
Outline related to Introduction of Cross Margining 2015/2/10-2015/3/12
Outlines of Diversification and Enhancement of Stress Scenarios
for Calculation of Clearing Fund in IRS Transactions
2015/2/10-2015/3/12

System Revision associated with Revision of Settlement by Physical Delivery and Payment Scheme and Shortening of Period from Last Trading Day to Day of Settlement by Physical Delivery and Payment

Subject Public Comment Period
System Revision associated with Revision of Settlement by Physical
Delivery and Payment Scheme and Shortening of Period from Last
Trading Day to Day of Settlement by Physical Delivery and Payment
2014/11/26-2014/12/26

Outlines of Subsequent Collateral Allocation Repos Clearing

Subject Public Comment Period
Outlines of Subsequent Collateral Allocation Repos Clearing 2014/11/26-2014/12/26
*Revised Edition is
published on May 27,
2015.

Outline of Structure relating to Single Name CDS Clearing

Subject Public Comment Period
Outline of Structure relating to Single Name CDS Clearing 2014/10/22-2014/11/4

Outline of Structure Relating to Clearing of OIS and Expansion of TIBOR Tenors

Subject Public Comment Period
Outline of Structure Relating to Clearing of OIS and Expansion of TIBOR Tenors 2014/9/10-2014/10/9

Revision of Treatment of DVP Settlement Price and Market Value of Securities in lieu of Cash related to Stocks to which Tick Size less than Whole Yen Amount Applies

Subject Public Comment Period
Revision of Treatment of DVP Settlement Price and Market Value of
Securities in lieu of Cash related to Stocks to which Tick Size less
than Whole Yen Amount Applies
2014/6/25-2014/7/24

Rule Revision in relation to the Consolidation of Clearing System Functions

Subject Public Comment Period
Rule Revision in relation to the Consolidation of Clearing System Functions 2014/6/25-2014/7/24

Revision of Liquid Fund Acquiring Method in JGB OTC Transaction Clearing Business

Subject Public Comment Period
Revision of Liquid Fund Acquiring Method in JGB OTC Transaction Clearing Business 2014/4/30-2014/5/13

Revision of Risk Management System in JGB OTC Transaction Clearing Business

Subject Public Comment Period
Revision of Risk Management System in JGB OTC Transaction Clearing Business 2014/3/20-2014/4/19

Partial Amendment to Business Rules and other Rules in association with Revision of Deposit Insurance Act

Subject Public Comment Period
Partial Amendment to Business Rules and other Rules in association
with Revision of Deposit Insurance Act
2014/2/26-2014/3/5

Revisions associated with Phased Optimization of Tick Size in Auction Trading of Cash Equities at Tokyo Stock Exchange, Inc.

Subject Public Comment Period
Revisions associated with Phased Optimization of Tick Size in Auction
Trading of Cash Equities at Tokyo Stock Exchange, Inc.
2013/9/26-2013/10/25

Outline of JGB OTC Transactions Clearing Business associated with Merger with Japan Government Bond Clearing Corporation

Subject Public Comment Period
Outline of JGB OTC Transactions Clearing Business associated with Merger
with Japan Government Bond Clearing Corporation
2013/8/1-2013/8/15

Outline concerning Introduction, etc. of Client Clearing

Subject Public Comment Period
Outline concerning Introduction, etc. of Client Clearing 2013/7/1-2013/7/31

Structure Revisions associated with Integration of Derivatives Market

Subject Public Comment Period
Structure Revisions associated with Integration of Derivatives Market 2013/6/26-2013/7/25

Developing Rules and Regulations in connection with Integration of Clearing Organizations with Osaka Securities Exchange Co., Ltd.

Subject Public Comment Period
Developing Rules and Regulations in connection with Integration of
Clearing Organizations with Osaka Securities Exchange Co., Ltd.
2013/1/31-2013/3/1

Partial Amendment of IRS Clearing System in conjunction with Addition of TIBOR Swap to Transactions Eligible for Clearing

Subject Public Comment Period
Partial Amendment of IRS Clearing System in conjunction with Addition
of TIBOR Swap to Transactions Eligible for Clearing
2013/1/11-2013/1/25

Partial Amendment of IRS Clearing Structure for DCO Registration

Subject Public Comment Period
Partial Amendment of IRS Clearing Structure for DCO Registration 2012/10/3-2012/10/17

Review on the Loss Compensation Framework, etc. Pertaining to CDS Clearing

Subject Public Comment Period
Review on the Loss Compensation Framework, etc. Pertaining to CDS Clearing 2012/6/11-2012/6/25

Outline of Interest Rate Swaps Clearing

Subject Public Comment Period
Outline of Interest Rate Swaps Clearing 2012/3/1-2012/3/31

Outline of Credit Default Swaps Clearing (Revised Edition)

Subject Public Comment Period
Outline of Credit Default Swaps Clearing (Revised Edition) 2011/4/7-2011/4/20

Revision, etc. of Matters to be Reported by Clearing Participants in association with Partial Amendment of “Financial Instruments and Exchange Act”

Subject Public Comment Period
Revision, etc. of Matters to be Reported by Clearing Participants in
association with Partial Amendment of “Financial Instruments and Exchange Act”
2011/2/23-2011/3/11