Clearing members inject $2.5bn to JSCC default funds in 2018

Aggregate mandatory contributions by members to the Japan Securities Clearing Corporation’s (JSCC) default funds increased 37% to ¥1.02 trillion ($9.2 billion) in 2018.

Total pre-funded required participant contributions to the cash securities clearing service fund rose 14% to ¥20 billion over the year. Amounts placed in the credit default swap (CDS) fund increased 223% to ¥45 billion, for the over-the-counter Japanese government bond fund (JGB) 65% to ¥438 billion, for the JGB futures and

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