Change to Japan clearing mandate ends LCH-JSCC talks


LCH.Clearnet’s SwapClear and the Tokyo Stock Exchange’s Japan Securities Clearing Corporation (JSCC) have called off a joint effort to build and run an interest rate swap clearing house in Japan. Discussions opened in late 2010, but broke down in September after Japan’s regulator narrowed the scope of its clearing mandate. Ultimately, the costs of the venture outweighed the opportunity, SwapClear says.

The breakdown of the effort raises questions about Japan’s ability to meet the end-2012

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 [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking 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: