Clearing members inject $2.5bn to JSCC default funds in 2018
Higher contributions likely reflect increased exposures at the CCP
Aggregate mandatory contributions by members to the Japan Securities Clearing Corporation’s (JSCC) default funds increased 37% to ¥1.02 trillion ($9.2 billion) in 2018.
Total pre-funded required participant contributions to the cash securities clearing service fund rose 14% to ¥20 billion over the year. Amounts placed in the credit default swap (CDS) fund increased 223% to ¥45 billion, for the over-the-counter Japanese government bond fund (JGB) 65% to ¥438 billion, for the JGB futures and
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