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Business RulesCredit Default Swap

(As of May 16, 2025)

Rules for OTC Derivatives (CDS)

Business Rules

CDS Clearing Business Rules

Handling of Business Rules, etc.

Handling Procedures of CDS Business Rules
Rules on Fees for CDS Clearing Business
Rules on Required CDS Clearing Fund Amount
Rules on Inspection of Clearing Participant in relation to CDS Clearing Business
Disciplinary Measures Assessment Committee Rules
JSCC Determination Committee Rules
Rules on Default Settlement Regarding Clearing Participants
Default Management Committee Rules
CDS Management Committee Rules

Public Notice

Guidelines Concerning Creditworthiness of Clearing Participants and the Like in CDS Clearing Business
Handling of Calculation Method of Net Present Value relating to Calculation of Margin for CDS Transactions
Eligible CDS Transaction
Prescribing Matters Deemed to be Provided for in Schedule
Prescribing Amendments To Terms of ISDA Credit Derivatives Definitions, STS and STS (2010 Version)
Prescribing Matters relating to Physical Settlement under Rules
CDS Clearing Cycle Annual Schedule
Operational Procedures for Clearing Brokerage for CDS Transactions
Stressed Risk Value Calculation Method and Handling related to Increase in Required Initial Margin
Method of Custody of Clearing Participant Agreement and Letter of Undertaking, Response to Inquiry which may be Received from Discloser/Recipient in relation to Clearing Participant Agreement and Letter of Undertaking and Other Necessary Matters
Guideline on Standard for Clearing Qualification Acquisition in Credit Default Swap and Interest Rate Swap Clearing
Treatment of Profit or Loss from Management of Clearing Deposit
Collateral Fee Relating to United States Treasury Security
Handling of Pre-Definition Update Cleared Contracts and 2003 Version Cleared Contracts
Clearing Contracts
Terms Prescribed by JSCC in respect of Clearing Contracts subject to Application for Compression, etc. and Notification Method related to Clearing Customer’s Instruction to Apply for Compression, etc.
Re: Matters Prescribed for Representation regarding Registration as an FCM or Other Status
Application and Withdrawal Processes for Position Transfer
Trade Reporting Fee
Re: Prescribing Terms and Conditions of Claims and Obligations in Clearing Contracts (Own Account) subject to Succession under the Provisions of Article 53-4 of the CDS Clearing Business Rules
Re: Prescribing Terms and Conditions of Claims and Obligations Arising as a Result of Transfer under the Provisions of Articles 58-3 and 58-5 of the CDS Clearing Business Rules
Management of Clearing Deposit through Deposit in Current Account Opened at Bank of Japan