JSCC’s bond and IRS units hit by almost 200 breaches

Q2 volatility triggered some of the largest initial margin breaches ever reported by the CCP

The combined 13 clearing entities of the Japan Securities Clearing Corporation (JSCC) reported 263 initial margin breaches in the second quarter of the year, compared with 125 the previous three months.

The rolling 12-month tally of backtesting breaches was highest for the Japanese Government Bond (JGB) futures and options service at end-June, at 105. This compares with 22 the quarter prior. The peak breach for this unit clocked in at ¥10.1 billion ($72 million) and was 10,594% larger than the

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

Most read articles loading...

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