JSCC’s initial margin hit all-time high in Q3

Requirements at ETP cash securities unit up fivefold, OSE-listed ETP service grows to record size

Initial margin (IM) held at the Japan Securities Clearing Corporation jumped to an all-time high in the third quarter, driven by requirements at its clearing service for exchange-traded products (ETPs) cash securities growing fivefold. 

Total IM across all house and client accounts for JSCC’s six clearing services that report those figures stood at ¥6.74 trillion ($46.9 billion) at end-September, up 7.1% quarter on quarter. 

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