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JSCC expands the scope of eligible issues for single-name CDS clearing

2017/01/30

Japan Securities Clearing Corporation announces that today it has expanded the scope of eligible issues for single-name credit default swaps (CDS) clearing, with the first clearing cycle scheduled on February 2.

JSCC had launched CDS clearing for Index CDS trades in July 2014, and accepted 12 single-name CDS trades in December 2014.

Backed by a higher need for clearing, we have newly accepted 23 issues as eligible trades. Consequently, as total 35 issues are eligible for single-name CDS clearing, it is expected that Clearing Participants can reduce counterparty risk further as well as improving their capital efficiency, etc.

We will seek to enhance and upgrade our CDS clearing functions, for example, by expanding the scope of eligible issues, and provide services more accessible to market participants.

【New eligible issues】

AEON CO., LTD. NEC Corporation
ANA HOLDINGS INC. Nippon Yusen Kabushiki Kaisha
Hitachi, Ltd. OBAYASHI CORPORATION
HONDA MOTOR CO., LTD. ORIX Corporation
ITOCHU Corporation SHIMIZU CORPORATION
Kawasaki Heavy Industries, Ltd. SoftBank Group Corp.
Kawasaki Kisen Kaisha, Ltd. Sumitomo Chemical Company, Limited
Kintetsu Group Holdings Co., Ltd. SUMITOMO CORPORATION
Marubeni Corporation Sumitomo Realty & Development Co., Ltd.
Mitsubishi Corporation Tokyo Electric Power Company Holdings, Incorporated
Mitsubishi Heavy Industries, Ltd. TOYOTA MOTOR CORPORATION
MITSUI & CO., LTD.

* For all of issues eligible for CDS clearing, please visit here.

【Contact Information】
OTC Derivatives Clearing Service
Japan Securities Clearing Corporation
Tel: 03-3665-1405
Email: otc@jscc.co.jp