Japan Securities Clearing Corporation (JSCC) was established in July 2002 as the first cross-market clearing organization in the Japanese securities market by Tokyo Stock Exchange, Osaka Securities Exchange, Nagoya Stock Exchange, Sapporo Securities Exchange, Fukuoka Stock Exchange and Japan Securities Dealers Association. In January 2003, JSCC was licensed as the first clearing organization in Japan to conduct the Securities Obligation Assumption business（now called Financial Instruments Obligation Assumption business）under the Securities and Exchange Law (now called Financial Instruments and Exchange Law).
JSCC unified clearing functions provided by each market until 2003 and realized improvement in the service level for customers with robust and efficient operation. From the inception, JSCC has been putting utmost priority on our risk management system to ensure safety in clearing and settlement process for domestic and global investment communities.
In 2009, JSCC reached its six-year milestone. We take great pride in being one of the principal infrastructure providers to support increasingly diverse and sophisticated securities and derivatives transactions. Our endeavors for contribution to the enhancement of competitiveness and development of the Japanese financial and capital markets will never cease.
Yasuo Tobiyama
President and CEO
Japan Securities Clearing Corporation
June 2009
