JSCC issued $2.8bn VM call on a clearing member in Q1

The call was for a participant in the CCP’s clearing services that cover IRS, CDS and exchange-traded financial products

A single clearing participant at the Japan Securities Clearing Corporation triggered a ¥306 billion ($2.8 billion) variation margin (VM) call in the first quarter of the year, the largest reported by the central counterparty since Q3 2019.

The peak payment obligation was 21% larger than the previous quarter, but 37% smaller than the previous record of ¥486 billion.

  //

 

The largest aggregate VM call in Q1 posted by JSCC was for participants in the CCP’s clearing services that cover

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: