Firm’s industry-leading experts Christian Lee and Rob Lucking were in Tokyo this week, to celebrate the 10th anniversary of JSCC becoming the first clearing organisation in APAC to clear yen-denominated IRS, back in 2012.
- Read the back story here: Congratulating APAC’s first yen-denominated IRS clearing organisation
Davies have had a continuous presence at JSCC since 2011, assisting in the development of JSCC’s IRS clearing service. JSCC is now the third largest interest rate swap clearing house globally, and the pre-eminent JPY interest rate swap clearing house, clearing 73% of the global volume.
Over the past decade, JSCC has also obtained regulatory recognitions or authorisations to accommodate participants from multiple global jurisdictions, including the United States, the European Union, Switzerland, Hong Kong, Australia, and the United Kingdom and now offers a globally competitive product on a level playing field with other global CCPs.