Public Comments
Public Comments
The following is a list of current and closed solicitations of public comments. Please refer to the bottom of this page for guidelines on submitting comments.
Introduction of Clearing Fund Sponsored Scheme in JGB Clearing Service
| Subject | Public Comment Period | |
|---|---|---|
| Introduction of Clearing Fund Sponsored Scheme in JGB Clearing Service |
|
2025/2/3-2025/3/5 |
Outlines of Electricity Futures Fiscal Year Contracts
| Subject | Public Comment Period | |
|---|---|---|
| Outlines of Electricity Futures Fiscal Year Contracts |
|
2024/9/26-2024/10/28 |
Outlines related to Handling of Conversion of IRS Cleared Contracts Referencing Euroyen TIBOR as Floating Rate Option to Standard OIS
| Subject | Public Comment Period | |
|---|---|---|
| Outlines related to Handling of Conversion of IRS Cleared Contracts Referencing Euroyen TIBOR as Floating Rate Option to Standard OIS |
|
2024/6/18-2024/7/18 |
Business Outlines related to Enhancement of Clearing Framework related to Settlement of Creation and Redemption of Cash Type ETF
| Subject | Public Comment Period | |
|---|---|---|
| Business Outlines related to Enhancement of Clearing Framework related to Settlement of Creation and Redemption of Cash Type ETF |
|
2024/4/25-2024/5/25 |
| Comments to Public Consultation on the "Business Outlines related to Enhancement of Clearing Framework related to Settlement of Creation and Redemption of Cash Type ETF" |
|
2024/4/25-2024/5/25 |
Business Outlines Related to Introduction of Stress Add-on IM and Partial Revision of Clearing Fund Calculation Method in Listed Financial Derivatives Clearing Service
| Subject | Public Comment Period | |
|---|---|---|
| Business Outlines Related to Introduction of Stress Add-on IM and Partial Revision of Clearing Fund Calculation Method in Listed Financial Derivatives Clearing Service |
|
2024/3/21-2024/4/20 |
| Comments to Public Consultation on the "Business Outlines Related to Introduction of Stress Add-on IM and Partial Revision of Clearing Fund Calculation Method in Listed Financial Derivatives Clearing Service" |
|
2024/3/21-2024/4/20 |
Outlines related to Addition of Eligible Collaterals in IRS Clearing Service
| Subject | Public Comment Period | |
|---|---|---|
| Outlines related to Addition of Eligible Collaterals in IRS Clearing Service |
|
2023/12/14-2024/1/13 |
Outlines concerning Addition of Management Methods of Clearing Deposit in the Form of JPY Cash in OTC Derivatives Clearing Service
| Subject | Public Comment Period | |
|---|---|---|
| Outlines concerning Addition of Management Methods of Clearing Deposit in the Form of JPY Cash in OTC Derivatives Clearing Service |
|
2023/12/14-2024/1/13 |
Outlines Related to Expansion of Cross Margining Covered Trades and Others in IRS Clearing Service
| Subject | Public Comment Period | |
|---|---|---|
| Outlines Related to Expansion of Cross Margining Covered Trades and Others in IRS Clearing Service |
|
2023/11/2-2023/12/2 |
Outlines related to Revision of Trade Reporting Fee in IRS and CDS Clearing Service
| Subject | Public Comment Period | |
|---|---|---|
| Outlines related to Revision of Trade Reporting Fee in IRS and CDS Clearing Service |
|
2023/9/27-2023/10/27 |
Partial Revision of Clearing Fund Calculation Method in Listed Commodity Derivatives Clearing Service
| Subject | Public Comment Period | |
|---|---|---|
| Partial Revision of Clearing Fund Calculation Method in Listed Commodity Derivatives Clearing Service |
|
2023/8/8-2023/8/22 |
Outlines related to Revision of Clearing Broker Take-up Process in IRS Clearing Service
| Subject | Public Comment Period | |
|---|---|---|
| Outlines related to Revision of Clearing Broker Take-up Process in IRS Clearing Service |
|
2023/6/15-2023/6/29 |
Business Outlines Related to Partial Revision of Clearing Framework associated with Trading Hours Revisions at Tokyo Stock Exchange, etc.
| Subject | Public Comment Period | |
|---|---|---|
| Business Outlines Related to Partial Revision of Clearing Framework associated with Trading Hours Revisions at Tokyo Stock Exchange, etc. |
|
2023/5/11-2023/6/10 |
Business Outlines related to Dojima Precious Metal Futures Clearing Qualification
| Subject | Public Comment Period | |
|---|---|---|
| Business Outlines related to Dojima Precious Metal Futures Clearing Qualification |
|
2022/10/25-2022/11/25 |
Business Outlines Related to Introduction of New Margin Calculation Method (VaR Method) for Futures/Options Contracts
| Subject | Public Comment Period | |
|---|---|---|
| Business Outlines Related to Introduction of New Margin Calculation Method (VaR Method) for Futures/Options Contracts |
|
2022/6/20-2022/7/20 |
| Comments to Public Consultation on the "Business Outlines Related to Introduction of New Margin Calculation Method (VaR Method) for Futures/Options Contracts" |
|
2022/6/20-2022/7/20 |
Business Outlines Related to JGB Futures Pair off Netting Framework
| Subject | Public Comment Period | |
|---|---|---|
| Business Outlines Related to JGB Futures Pair off Netting Framework |
|
2021/11/26- 2021/12/10 |
Partial Amendment to Business Rules and Other Rules for IRS Clearing Business in association with Measures to Deal with Permanent Discontinuation of LIBOR Publication
| Subject | |
|---|---|
| Partial Amendment to Business Rules and Other Rules for IRS Clearing Business in association with Measures to Deal with Permanent Discontinuation of LIBOR Publication |
|
Outlines concerning Handling of Conversion of LIBOR Referencing Swaps to OIS etc.
| Subject | Public Comment Period | |
|---|---|---|
| Outlines concerning Handling of Conversion of LIBOR Referencing Swaps to OIS etc. |
|
2021/9/7- 2021/9/21 |
Outlines related to Risk Management Framework associated with Introduction of Derivatives Holiday Trading
| Subject | Public Comment Period | |
|---|---|---|
| Outlines related to Risk Management Framework associated with Introduction of Derivatives Holiday Trading |
|
2021/6/15-2021/7/15 |
Rule changes concerning Framework Revisions for Facilitation of Customer Trades in IRS Clearing Service
| Subject | |
|---|---|
| Rule changes concerning Framework Revisions for Facilitation of Customer Trades in IRS Clearing Service |
|
Outlines related to Introduction of Customer Buffer Framework etc. in Interest Rate Swap Clearing Service
| Subject | Public Comment Period | |
|---|---|---|
| Outlines related to Introduction of Customer Buffer Framework etc. in Interest Rate Swap Clearing Service |
|
2020/10/26- 2020/11/25 |
Outlines concerning Petroleum Futures Clearing Qualification
| Subject | Public Comment Period | |
|---|---|---|
| Outlines concerning Petroleum Futures Clearing Qualification |
|
2020/9/29-2020/10/29 |
Rule changes concerning Suspension of Clearing of Foreign Currency Denominated IRS
| Subject | |
|---|---|
| Rule changes concerning Suspension of Clearing of Foreign Currency Denominated IRS |
|
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. |
|
|
2020/1/30-2020/2/29 |
| Comments to Public Consultation on Outlines related to Listed Derivatives Clearing Service |
|
2020/1/30-2020/2/29 |
Outlines related to Revision of Emergency Margin Framework for Listed Derivatives Clearing Services
| Subject | Public Comment Period | |
|---|---|---|
| Outlines related to Revision of Emergency Margin Framework for Listed Derivatives Clearing Services |
|
2020/1/30-2020/2/29 |
| Comments to Public Consultation on Outlines related to Listed Derivatives Clearing Service |
|
2020/1/30-2020/2/29 |
Outlines related to Revision of Loss Compensation Framework and Risk Management Framework for Listed Derivatives Clearing Services
| Subject | Public Comment Period | |
|---|---|---|
| Outlines related to Revision of Loss Compensation Framework and Risk Management Framework for Listed Derivatives Clearing Services |
|
2020/1/30-2020/2/29 |
| Comments to Public Consultation on Outlines related to Listed Derivatives Clearing Service |
|
2020/1/30-2020/2/29 |
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 |
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 |
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 |
Comment Submission Guidelines
1. Comment Submission Instructions
For items that are open for comment, please submit your comment in one of the following ways:
- (1) By postal mail
- Please send to the following address (Must arrive no later than the comment closing date):
Japan Securities Clearing Corporation, 2-1 Nihombashi Kabuto-cho, Chuo-ku, Tokyo 103-0026, Japan - (2) By e-mail
- Please send to the following e-mail address (Please send your e-mail with the subject line "Comments on XXXX"): info@jpx.co.jp
- *Please note that comments by phone are not acceptable.
Your comments must include (a) your name, (b) affiliation (name of your company, department, etc.), (c) your address, and (d) your telephone number. JSCC may contact you to confirm the content of your comments.
2. Others
JSCC will use your comments as reference when deciding on measures to be taken. JSCC will also organize the submitted comments as appropriate and publish them on its website, along with its responses. Please note that JSCC will not be able to respond to each opinion individually.
Please be aware that your comments may be made public, except for your name, address, telephone number, and e-mail address. If there is any personal information in your comments that could be used to identify you, the relevant section will not be disclosed.
Personal information, such as names and contact information, will be managed appropriately and used only for the purposes of public comments, such as to contact and confirm any unclear points in the comments. For more information on our privacy policy, please refer to Privacy Policy.
