Thursday December 15 2016
News Source: Global Exchanges
Focus: Trading Systems and Technology
Type: General
On 15th December 2016, Osaka Exchange (OSE) announced that it will partially revise the Clearing and Settlement Regulations in connection with the expansion of the user range of at Japan Securities Clearing Corporation (JSCC), which is aimed at reducing the burden on IRS Clearing Participants for collateral obligations by enabling offsetting of risks related to JGB futures and IRS.
Application of Interest Rate Swap Clearing Business Rules related to JGB Futures Position Transfer
- GB Futures Position Transfer by a user of cross margining shall be subject to the provisions of Interest Rate Swap Clearing Business Rule of JSCC.
- Designation of JGB Futures Backup Clearing Broker shall be subject to the provisions of Interest Rate Swap Clearing Business Rule of JSCC.
The revisions will be implemented on 30th January 2017. However, if OSE deems it inappropriate due to unavoidable reasons, such as a malfunction in the trading system, the implementation date will be changed. In such case, OSE will specify a later date for implementation.
Click on the link above for further details.