JSCC to start client clearing by March 2014
Japan’s over-the-counter derivatives clearing house will soon allow member banks to offer client clearing and it also plans to merge with another domestic clearing house, according to a senior official.
Japan Securities Clearing Corporation (JSCC) will start client clearing by March next year and plans to add a further suite of yen and non-yen denominated products to its existing service, says Takeshi Hirano, director of strategic planning for the OTC derivatives clearing service at JSCC in Tokyo.
The Group of 20's commitment to centrally clear all standardised derivatives by January 2013 has been met with varying degrees of consistency by member countries but Japan was ahead of the pack when
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