Principles for Financial Market Infrastructures Disclosure

JCCH has published qualitative information and the quantitative information concerning its compliance with “Principles for Financial Market Infrastructures” (“FMI Principles”), in relation to the FMI Principles published in April 2012 and the “Principles for Financial Market Infrastructures: Disclosure Framework and Assessment Methodology” published in December 2012 and the “Public Quantitative Disclosure Standards for Central Counterparties” published in February 2015 by CPSS-IOSCO.

The FMI Principles are new international standards that present 24 principals such as General Organization, Credit and Liquidity Risk Management, Procedures for default, Business and Operational Risk Management, Efficiency and Transparency to financial market infrastructures (“FMI”) and require FMI to comply.

In November 2014, the Japanese Ministry of Agriculture Forestry and Fisheries and Ministry of Economy, Trade and Industry released the “Basic Supervision Guidelines of Commodity Clearing Organizations” (“Supervision Guidelines”), for the purpose of securing international regulation level under the FMI Principles in Japanese commodity markets.

In line with these regulatory trends at home and abroad, JCCH recognizes the importance of properly providing clearing services under an appropriate risk management framework and securing reliability as a clearing organization, and thereby establishes the present governance structure in compliance with the FMI Principles and the Supervision Guidelines to form a robust and comprehensive risk management framework.

JCCH submitted European Securities and Markets Authority (“ESMA”) an application pursuant to Article 25-1 of the European Market Infrastructure Regulation (“EMIR”) and has received the Third-Country CCP (“TC-CCP”) recognition from ESMA on March 29, 2017.

∗ CPSS (Committee on Payment and Settlement Systems) and IOSCO (International Organization of Securities Commissions) are international organization composed of central banks and securities market regulators respectively. CPSS changed its name to CPMI (Committee on Payment and market Infrastructures) in September 2014.

Principles for Financial Market Infrastructures Disclosure (Qualitative information)

Quantitative Disclosure

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2019Q3 Excel PDF
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