JSCC bond unit reports 26 margin breaches in Q3
JGB turmoil, heightened activity may have caught clearing members off-balance
The Japanese government bond (JGB) clearing house of the Japan Securities Clearing Corporation (JSCC) reported 26 margin breaches with an average size of ¥2.9 billion ($26 million) in the third quarter of the year.
It is the largest number of breaches reported at the entity since public disclosures began in the third quarter of 2015, and the first quarter in which breaches have been reported at all going back to the second quarter of 2017.
The single largest breach in the three months to end
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