JSCC applies to US for exempt clearing status

Japan clearing house abandons three-year-long application to become approved DCO

JSCC is based in Tokyo's Chuo district

The Japan Securities Clearing Corporation (JSCC) has followed other clearing houses in Asia and applied to US regulators for status as an exempt derivatives clearing organisation (DCO), which, if granted will mean it can clear trades for US members but not for US customers such as hedge funds.

The exemption application potentially ends a three-year-long saga for JSCC, which had originally sought to become a full DCO in 2012. But differences in bankruptcy regimes between the US and Japan for

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