About JSCCMessage from the President
In January 2003, Japan Securities Clearing Corporation (hereinafter referred to as JSCC) was licensed in Japan as the first clearing organization to conduct a “Securities Obligation Assumption Service” (now called Financial Instrument Obligation Assumption Service) and started clearing services for transactions executed on Japanese Stock Exchanges.
The birth of JSCC enabled the integration of clearing processes that used to be performed separately by individual stock exchange, dramatically improving the efficiency and serviceability of the post-trading processing in securities markets.
In addition to listed products, as the Financial Instruments Clearing Organization, JSCC currently provides clearing services for Over-the-Counter (OTC) derivatives (Credit Default Swaps (CDS) and Interest Rate Swaps (IRS)) and OTC Japanese Government Bond (JGB) transactions, and is working to expand its services for foreign users.
Considering that the enhancement of services for all of our users including clearing participants would be more important than ever, we have formulated a new medium-term management plan and the business policies of “Reinforcement of Clearing Functions, Risk Management and ID Systems toward Service Quality Improvement” and “Reinforcement of the Company’s Role as Core Infrastructure through Expansion of the Scope of Services.” Amid the rapidly changing markets and regulatory circumstances, we will proactively devote ourselves to strengthening our role of the core infrastructure in the money and capital markets as a member of Japan Exchange Group, together with our clearing participants and all the users.
We greatly appreciate your understanding and continued support.
President and CEO
Japan Securities Clearing Corporation