JAPAN: JSCC Launches new Client Clearing Service Using Calypso Technology

Wednesday February 26 2014

Calypso Technology, Inc. have announced that Japan Securities and Clearing Corporation (JSCC) has gone live with the Calypso system for client clearing of JPY interest rate swaps (IRS) and collateral management.

Ahead of the mandate expected in 2014, JSCC launched its voluntary client clearing service with the support of the Japanese dealer community. Dealers who have signed up to offer client clearing include Citi, Mizuho, Morgan Stanley MUFG, Nomura and RBS. JSCC’s new client clearing service includes drip-feed clearing (near real-time), real-time integration with members and affiliates for clearing status, request for consent and collateral deposit/withdrawal. The enhanced service covers clearing of both amortized swaps and accreting swaps.

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