Under Japan's Financial Instruments and Exchange Act, derivatives transactions carried out on a financial instruments market under the standards and means set by the person that operates that market are called "market derivatives transactions." Similar transactions carried out on a foreign financial instruments market are called "foreign market derivatives transactions"1. Japan Securities Clearing Corporation (JSCC) clears exchange-traded derivatives on Osaka Exchange and other exchanges2.

Notes

  1. Financial Instruments and Exchange Act (in Japanese). ↩

  2. Japan Securities Clearing Corporation, "JSCCとは" (About JSCC) (in Japanese). ↩