The Japan Securities Clearing Corporation (JSCC) has big ambitions. Having launched a domestic clearing service for Japanese index credit default swaps (CDSs) in July, it is now looking to build an interest rate swap facility – an initiative that recently hit a snag. The JSCC had been working with London-based LCH.Clearnet to build a platform that is interoperable with its SwapClear interest rate swaps clearing service. Those talks broke down in September – but the JSCC remains undeterred.
The week on Risk.net, July 7-13, 2018Receive this by email