April 22, 2009
Japan Market Utilities to get in on Central Clearing of CDS?s and Interest-Rate Swaps
Both the Japan Securities Clearing Corp and Tokyo Financial Exchange are gearing up to launch central clearing for interest-rate and credit default swaps next year. The market utilities have been ironing out the details of the infrastructure build, investment and other details in recent months while also conducting studies. The announcement raises questions among industry participants globally.
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