JSCC issued ¥486bn VM call in Q3

One member of the Japan Securities Clearing Corporation was issued a variation margin (VM) payment call of ¥486 billion ($4.5 billion) in Q3.

This call was the second-largest made by the central counterparty since public disclosures began in Q3 2015.

JSCC also estimated that its largest same-day payment obligation, if any single member had defaulted in Q3, would have been ¥620 billion, up 61% quarter on quarter. 

  !function(e,i,n,s){var t="InfogramEmbeds",d=e.getElementsByTagName("script")[0

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 info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

To continue reading...

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