JSCC had a top margin breach of ¥114m in Q3

The interest rate swap clearing entity of the Japan Securities Clearing Corporation (JSCC) incurred two initial margin breaches in Q3. The peak breach was ¥114 million ($1 million) in size, the fourth-largest since public disclosure began in the third quarter of 2015.

Three breaches in total were disclosed for the 12 months to end-September, each averaging ¥40.5 million in size.

Total required initial margin held by the IRS division stood at ¥897 billion, a jump of 22%, or ¥60 billion, quarter

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