Mandatory clearing

Japanese

清算集中義務

Last reviewed

October 3, 2026

This is a draft, shown for review before publication.

Mandatory clearing is the obligation, under Japan's Financial Instruments and Exchange Act, for a financial instruments business operator or a registered financial institution that enters into an OTC derivative transaction designated by the Commissioner of the Financial Services Agency to have its own obligations and its counterparty's obligations assumed by a financial instruments clearing organization (for interest rate swaps, including a foreign financial instruments clearing organization).