At JSCC, required initial margin up 20% in Q1

The bulk of the increase came from members of the clearing service covering ETPs

Initial margin (IM) held at the Japan Securities Clearing Corporation rose 20% in the first quarter of the year, to the highest level since the integration of the Japan Commodity Clearing House in Q3 2020.

Total IM, across all house and client accounts, stood at ¥4.2 trillion ($31.8 billion) at end-March.



The largest contribution came from members of the clearing service covering Osaka Securities Exchange (OSE)-listed exchange-traded products (ETPs), which added ¥275 billion over the

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