Millennium joins yen IRS clearing at JSCC
03 December 2025 US and Japan
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Japan 网爆吃瓜 Clearing Corporation (JSCC) has welcomed Millenium as the first US customer for its yen-denominated interest rate swap (IRS) clearing service.
This milestone marks the first time a US customer has joined since the US Commodity Futures Trading Commission (CFTC) granted approval in September 2025, allowing US customers to access yen IRS clearing at JSCC.
The achievement highlights JSCC鈥檚 commitment to risk management practices similar to those required under the CFTC鈥檚 regulatory framework.
JSCC works with partners worldwide to expand its reach and deliver swap clearing solutions as demand for access to yen derivatives market liquidity continues to grow 鈥� driven by the need for effective risk hedging amid ongoing uncertainty in the yen interest rate market.
Yasuyuki Konuma, president and CEO of JSCC, states: 鈥淛SCC is dedicated to providing efficient and reliable clearing services to global market participants, working closely with our valued partners to strengthen the broader yen derivatives ecosystem.
鈥淎s the primary central counterparty for yen cash and derivative markets, we remain committed to delivering innovative and competitive clearing solutions globally and contributing to financial market stability through robust risk management and customer protection.鈥�
This milestone marks the first time a US customer has joined since the US Commodity Futures Trading Commission (CFTC) granted approval in September 2025, allowing US customers to access yen IRS clearing at JSCC.
The achievement highlights JSCC鈥檚 commitment to risk management practices similar to those required under the CFTC鈥檚 regulatory framework.
JSCC works with partners worldwide to expand its reach and deliver swap clearing solutions as demand for access to yen derivatives market liquidity continues to grow 鈥� driven by the need for effective risk hedging amid ongoing uncertainty in the yen interest rate market.
Yasuyuki Konuma, president and CEO of JSCC, states: 鈥淛SCC is dedicated to providing efficient and reliable clearing services to global market participants, working closely with our valued partners to strengthen the broader yen derivatives ecosystem.
鈥淎s the primary central counterparty for yen cash and derivative markets, we remain committed to delivering innovative and competitive clearing solutions globally and contributing to financial market stability through robust risk management and customer protection.鈥�
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