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<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/participants/institutional-investors/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/participants/institutional-investors/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/participants/institutional-investors/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/participants/institutional-investors/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/participants/institutional-investors/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/participants/institutional-investors/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/participants/regional-banks/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/participants/regional-banks/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/participants/regional-banks/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/participants/regional-banks/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/participants/regional-banks/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/participants/regional-banks/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/participants/regional-banks/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/participants/regional-banks/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/participants/hedge-funds/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/participants/hedge-funds/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/participants/hedge-funds/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/participants/hedge-funds/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/participants/hedge-funds/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/participants/hedge-funds/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/participants/hedge-funds/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/participants/hedge-funds/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/participants/hedging-speculation-arbitrage/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/participants/hedging-speculation-arbitrage/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/participants/hedging-speculation-arbitrage/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/participants/hedging-speculation-arbitrage/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/participants/hedging-speculation-arbitrage/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/participants/hedging-speculation-arbitrage/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/participants/hedging-speculation-arbitrage/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/participants/hedging-speculation-arbitrage/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/participants/market-size/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/participants/market-size/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/participants/market-size/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/participants/market-size/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/participants/market-size/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/participants/market-size/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/participants/market-size/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/participants/market-size/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/listed-and-otc/exchange-traded-vs-otc/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/listed-and-otc/exchange-traded-vs-otc/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/listed-and-otc/exchange-traded-vs-otc/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/listed-and-otc/exchange-traded-vs-otc/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/listed-and-otc/exchange-traded-vs-otc/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/listed-and-otc/exchange-traded-vs-otc/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/listed-and-otc/exchange-traded-vs-otc/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/listed-and-otc/exchange-traded-vs-otc/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/listed-and-otc/cleared-vs-bilateral/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/listed-and-otc/cleared-vs-bilateral/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/listed-and-otc/cleared-vs-bilateral/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/listed-and-otc/cleared-vs-bilateral/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/listed-and-otc/cleared-vs-bilateral/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/listed-and-otc/cleared-vs-bilateral/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/listed-and-otc/cleared-vs-bilateral/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/listed-and-otc/cleared-vs-bilateral/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/listed-and-otc/contract-months-and-tick-sizes/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/listed-and-otc/contract-months-and-tick-sizes/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/listed-and-otc/contract-months-and-tick-sizes/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/listed-and-otc/contract-months-and-tick-sizes/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/listed-and-otc/contract-months-and-tick-sizes/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/listed-and-otc/contract-months-and-tick-sizes/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/listed-and-otc/contract-months-and-tick-sizes/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/listed-and-otc/contract-months-and-tick-sizes/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/listed-and-otc/futures-margin/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/listed-and-otc/futures-margin/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/listed-and-otc/futures-margin/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/listed-and-otc/futures-margin/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/listed-and-otc/futures-margin/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/listed-and-otc/futures-margin/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/listed-and-otc/futures-margin/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/listed-and-otc/futures-margin/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/listed-and-otc/japanese-exchanges/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/listed-and-otc/japanese-exchanges/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/listed-and-otc/japanese-exchanges/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/listed-and-otc/japanese-exchanges/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/listed-and-otc/japanese-exchanges/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/listed-and-otc/japanese-exchanges/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/listed-and-otc/japanese-exchanges/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/listed-and-otc/japanese-exchanges/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/product-basics/what-is-a-derivative/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/product-basics/what-is-a-derivative/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/product-basics/what-is-a-derivative/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/product-basics/what-is-a-derivative/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/product-basics/what-is-a-derivative/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/product-basics/what-is-a-derivative/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/product-basics/what-is-a-derivative/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/product-basics/what-is-a-derivative/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/product-basics/forwards-and-futures/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/product-basics/forwards-and-futures/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/product-basics/forwards-and-futures/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/product-basics/forwards-and-futures/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/product-basics/forwards-and-futures/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/product-basics/forwards-and-futures/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/product-basics/forwards-and-futures/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/product-basics/forwards-and-futures/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/product-basics/swaps/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/product-basics/swaps/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/product-basics/swaps/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/product-basics/swaps/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/product-basics/swaps/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/product-basics/swaps/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/product-basics/swaps/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/product-basics/swaps/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/product-basics/options/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/product-basics/options/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/product-basics/options/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/product-basics/options/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/product-basics/options/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/product-basics/options/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/product-basics/options/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/product-basics/options/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/product-basics/option-payoffs/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/product-basics/option-payoffs/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/product-basics/option-payoffs/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/product-basics/option-payoffs/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/product-basics/option-payoffs/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/product-basics/option-payoffs/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/product-basics/option-payoffs/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/product-basics/option-payoffs/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/product-basics/exercise-styles/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/product-basics/exercise-styles/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/product-basics/exercise-styles/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/product-basics/exercise-styles/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/product-basics/exercise-styles/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/product-basics/exercise-styles/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/product-basics/exercise-styles/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/product-basics/exercise-styles/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/product-basics/put-call-parity/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/product-basics/put-call-parity/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/product-basics/put-call-parity/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/product-basics/put-call-parity/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/product-basics/put-call-parity/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/product-basics/put-call-parity/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/product-basics/put-call-parity/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/product-basics/put-call-parity/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/product-basics/option-strategies/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/product-basics/option-strategies/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/product-basics/option-strategies/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/product-basics/option-strategies/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/product-basics/option-strategies/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/product-basics/option-strategies/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/product-basics/option-strategies/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/product-basics/option-strategies/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/product-basics/exotic-options-overview/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/product-basics/exotic-options-overview/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/product-basics/exotic-options-overview/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/product-basics/exotic-options-overview/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/product-basics/exotic-options-overview/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/product-basics/exotic-options-overview/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/product-basics/exotic-options-overview/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/product-basics/exotic-options-overview/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/product-basics/barrier-options/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/product-basics/barrier-options/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/product-basics/barrier-options/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/product-basics/barrier-options/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/product-basics/barrier-options/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/product-basics/barrier-options/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/product-basics/barrier-options/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/product-basics/barrier-options/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/product-basics/digital-options/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/product-basics/digital-options/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/product-basics/digital-options/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/product-basics/digital-options/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/product-basics/digital-options/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/product-basics/digital-options/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/product-basics/digital-options/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/product-basics/digital-options/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/product-basics/asian-options/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/product-basics/asian-options/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/product-basics/asian-options/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/product-basics/asian-options/" />
<lastmod>2026-10-18</lastmod>
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<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/ja/benchmarks/estr-and-sonia/</loc>
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<loc>https://www.derivatives-compass.org/en/benchmarks/estr-and-sonia/</loc>
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<url>
<loc>https://www.derivatives-compass.org/ja/benchmarks/compounding-in-arrears/</loc>
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/benchmarks/compounding-in-arrears/" />
<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/ja/benchmarks/lookback-and-lockout/</loc>
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<lastmod>2026-10-18</lastmod>
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<loc>https://www.derivatives-compass.org/en/benchmarks/lookback-and-lockout/</loc>
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/benchmarks/lookback-and-lockout/" />
<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/ja/benchmarks/libor-transition/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/benchmarks/libor-transition/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/benchmarks/libor-transition/" />
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<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/en/benchmarks/libor-transition/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/benchmarks/libor-transition/" />
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<lastmod>2026-10-18</lastmod>
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<loc>https://www.derivatives-compass.org/ja/benchmarks/fallbacks/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/benchmarks/fallbacks/" />
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<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/en/benchmarks/fallbacks/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/benchmarks/fallbacks/" />
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<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/ja/fx/fx-forward/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/fx/fx-forward/" />
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<url>
<loc>https://www.derivatives-compass.org/en/fx/fx-forward/</loc>
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<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/ja/fx/covered-interest-parity/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/fx/covered-interest-parity/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/fx/covered-interest-parity/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/fx/covered-interest-parity/" />
<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/en/fx/covered-interest-parity/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/fx/covered-interest-parity/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/fx/covered-interest-parity/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/fx/covered-interest-parity/" />
<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/ja/fx/fx-swap/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/fx/fx-swap/" />
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<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/en/fx/fx-swap/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/fx/fx-swap/" />
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<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/ja/fx/ndf/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/fx/ndf/" />
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/fx/ndf/" />
<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/en/fx/ndf/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/fx/ndf/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/fx/ndf/" />
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<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/ja/fx/cross-currency-swap/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/fx/cross-currency-swap/" />
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/fx/cross-currency-swap/" />
<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/en/fx/cross-currency-swap/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/fx/cross-currency-swap/" />
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/fx/cross-currency-swap/" />
<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/ja/fx/fx-options/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/fx/fx-options/" />
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/fx/fx-options/" />
<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/en/fx/fx-options/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/fx/fx-options/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/fx/fx-options/" />
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<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/ja/fx/fx-option-conventions/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/fx/fx-option-conventions/" />
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/fx/fx-option-conventions/" />
<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/en/fx/fx-option-conventions/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/fx/fx-option-conventions/" />
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/fx/fx-option-conventions/" />
<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/ja/fx/exotic-fx-overview/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/fx/exotic-fx-overview/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/fx/exotic-fx-overview/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/fx/exotic-fx-overview/" />
<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/en/fx/exotic-fx-overview/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/fx/exotic-fx-overview/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/fx/exotic-fx-overview/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/fx/exotic-fx-overview/" />
<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/ja/fx/fx-barrier-options/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/fx/fx-barrier-options/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/fx/fx-barrier-options/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/fx/fx-barrier-options/" />
<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/en/fx/fx-barrier-options/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/fx/fx-barrier-options/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/fx/fx-barrier-options/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/fx/fx-barrier-options/" />
<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/ja/fx/tarf/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/fx/tarf/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/fx/tarf/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/fx/tarf/" />
<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/en/fx/tarf/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/fx/tarf/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/fx/tarf/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/fx/tarf/" />
<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/ja/fx/prdc/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/fx/prdc/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/fx/prdc/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/fx/prdc/" />
<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/en/fx/prdc/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/fx/prdc/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/fx/prdc/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/fx/prdc/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/equity/index-futures/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/equity/index-futures/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/equity/index-futures/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/equity/index-futures/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/equity/index-futures/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/equity/index-futures/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/equity/index-futures/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/equity/index-futures/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/equity/index-options/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/equity/index-options/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/equity/index-options/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/equity/index-options/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/equity/index-options/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/equity/index-options/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/equity/index-options/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/equity/index-options/" />
<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/ja/equity/single-stock-options/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/equity/single-stock-options/" />
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/equity/single-stock-options/" />
<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/en/equity/single-stock-options/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/equity/single-stock-options/" />
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/equity/single-stock-options/" />
<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/ja/equity/warrants/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/equity/warrants/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/equity/warrants/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/equity/warrants/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/equity/warrants/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/equity/warrants/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/equity/warrants/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/equity/warrants/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/equity/equity-swaps/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/equity/equity-swaps/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/equity/equity-swaps/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/equity/equity-swaps/" />
<lastmod>2026-10-18</lastmod>
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<url>
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<lastmod>2026-10-18</lastmod>
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<lastmod>2026-10-18</lastmod>
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<lastmod>2026-10-18</lastmod>
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<lastmod>2026-10-18</lastmod>
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<lastmod>2026-10-18</lastmod>
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<lastmod>2026-10-18</lastmod>
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<lastmod>2026-10-18</lastmod>
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<lastmod>2026-10-18</lastmod>
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<lastmod>2026-10-18</lastmod>
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<lastmod>2026-10-18</lastmod>
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<url>
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<lastmod>2026-10-18</lastmod>
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<lastmod>2026-10-18</lastmod>
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<lastmod>2026-10-18</lastmod>
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<lastmod>2026-10-18</lastmod>
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<loc>https://www.derivatives-compass.org/ja/inflation/inflation-swaps/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/inflation/inflation-swaps/" />
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<lastmod>2026-10-18</lastmod>
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<lastmod>2026-10-18</lastmod>
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<loc>https://www.derivatives-compass.org/ja/inflation/inflation-linked-bonds/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/inflation/inflation-linked-bonds/" />
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/inflation/inflation-linked-bonds/" />
<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/ja/inflation/inflation-caps-and-floors/</loc>
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<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/ja/commodities/commodity-derivatives-overview/</loc>
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<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/commodities/energy/" />
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<lastmod>2026-10-18</lastmod>
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<lastmod>2026-10-18</lastmod>
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<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/commodities/metals/" />
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<lastmod>2026-10-18</lastmod>
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<loc>https://www.derivatives-compass.org/en/commodities/metals/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/commodities/metals/" />
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<lastmod>2026-10-18</lastmod>
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<loc>https://www.derivatives-compass.org/ja/commodities/agriculture/</loc>
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<lastmod>2026-10-18</lastmod>
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<lastmod>2026-10-18</lastmod>
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<loc>https://www.derivatives-compass.org/ja/commodities/emissions/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/commodities/emissions/" />
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<lastmod>2026-10-18</lastmod>
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<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/ja/other-derivatives/weather-derivatives/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/other-derivatives/weather-derivatives/" />
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<lastmod>2026-10-18</lastmod>
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<lastmod>2026-10-18</lastmod>
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<loc>https://www.derivatives-compass.org/ja/other-derivatives/volatility-products/</loc>
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/other-derivatives/volatility-products/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/other-derivatives/volatility-products/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/other-derivatives/volatility-products/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/other-derivatives/volatility-products/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/other-derivatives/volatility-products/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/other-derivatives/insurance-linked-securities/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/other-derivatives/insurance-linked-securities/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/other-derivatives/insurance-linked-securities/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/other-derivatives/insurance-linked-securities/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/other-derivatives/insurance-linked-securities/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/other-derivatives/insurance-linked-securities/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/other-derivatives/insurance-linked-securities/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/other-derivatives/insurance-linked-securities/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/other-derivatives/longevity-swaps/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/other-derivatives/longevity-swaps/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/other-derivatives/longevity-swaps/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/other-derivatives/longevity-swaps/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/other-derivatives/longevity-swaps/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/other-derivatives/longevity-swaps/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/other-derivatives/longevity-swaps/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/other-derivatives/longevity-swaps/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/other-derivatives/property-derivatives/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/other-derivatives/property-derivatives/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/other-derivatives/property-derivatives/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/other-derivatives/property-derivatives/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/other-derivatives/property-derivatives/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/other-derivatives/property-derivatives/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/other-derivatives/property-derivatives/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/other-derivatives/property-derivatives/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/other-derivatives/freight-derivatives/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/other-derivatives/freight-derivatives/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/other-derivatives/freight-derivatives/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/other-derivatives/freight-derivatives/" />
<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/en/other-derivatives/freight-derivatives/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/other-derivatives/freight-derivatives/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/other-derivatives/freight-derivatives/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/other-derivatives/freight-derivatives/" />
<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/ja/structured-products/what-are-structured-products/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/structured-products/what-are-structured-products/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/structured-products/what-are-structured-products/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/structured-products/what-are-structured-products/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/structured-products/what-are-structured-products/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/structured-products/what-are-structured-products/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/structured-products/what-are-structured-products/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/structured-products/what-are-structured-products/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/structured-products/exchangeable-bonds/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/structured-products/exchangeable-bonds/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/structured-products/exchangeable-bonds/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/structured-products/exchangeable-bonds/" />
<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/en/structured-products/exchangeable-bonds/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/structured-products/exchangeable-bonds/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/structured-products/exchangeable-bonds/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/structured-products/exchangeable-bonds/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/structured-products/index-linked-notes/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/structured-products/index-linked-notes/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/structured-products/index-linked-notes/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/structured-products/index-linked-notes/" />
<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/en/structured-products/index-linked-notes/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/structured-products/index-linked-notes/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/structured-products/index-linked-notes/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/structured-products/index-linked-notes/" />
<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/ja/structured-products/callable-bonds/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/structured-products/callable-bonds/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/structured-products/callable-bonds/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/structured-products/callable-bonds/" />
<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/en/structured-products/callable-bonds/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/structured-products/callable-bonds/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/structured-products/callable-bonds/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/structured-products/callable-bonds/" />
<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/ja/structured-products/convertible-bonds/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/structured-products/convertible-bonds/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/structured-products/convertible-bonds/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/structured-products/convertible-bonds/" />
<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/en/structured-products/convertible-bonds/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/structured-products/convertible-bonds/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/structured-products/convertible-bonds/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/structured-products/convertible-bonds/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/structured-products/credit-linked-notes/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/structured-products/credit-linked-notes/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/structured-products/credit-linked-notes/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/structured-products/credit-linked-notes/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/structured-products/credit-linked-notes/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/structured-products/credit-linked-notes/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/structured-products/credit-linked-notes/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/structured-products/credit-linked-notes/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/structured-products/prdc-notes/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/structured-products/prdc-notes/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/structured-products/prdc-notes/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/structured-products/prdc-notes/" />
<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/en/structured-products/prdc-notes/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/structured-products/prdc-notes/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/structured-products/prdc-notes/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/structured-products/prdc-notes/" />
<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/ja/structured-products/digital-coupon-notes/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/structured-products/digital-coupon-notes/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/structured-products/digital-coupon-notes/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/structured-products/digital-coupon-notes/" />
<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/en/structured-products/digital-coupon-notes/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/structured-products/digital-coupon-notes/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/structured-products/digital-coupon-notes/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/structured-products/digital-coupon-notes/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/structured-products/structured-deposits/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/structured-products/structured-deposits/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/structured-products/structured-deposits/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/structured-products/structured-deposits/" />
<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/en/structured-products/structured-deposits/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/structured-products/structured-deposits/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/structured-products/structured-deposits/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/structured-products/structured-deposits/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/structured-products/structured-loans/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/structured-products/structured-loans/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/structured-products/structured-loans/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/structured-products/structured-loans/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/structured-products/structured-loans/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/structured-products/structured-loans/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/structured-products/structured-loans/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/structured-products/structured-loans/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/valuation/no-arbitrage-and-replication/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/valuation/no-arbitrage-and-replication/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/valuation/no-arbitrage-and-replication/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/valuation/no-arbitrage-and-replication/" />
<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/en/valuation/no-arbitrage-and-replication/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/valuation/no-arbitrage-and-replication/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/valuation/no-arbitrage-and-replication/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/valuation/no-arbitrage-and-replication/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/valuation/binomial-trees/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/valuation/binomial-trees/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/valuation/binomial-trees/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/valuation/binomial-trees/" />
<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/en/valuation/binomial-trees/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/valuation/binomial-trees/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/valuation/binomial-trees/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/valuation/binomial-trees/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/valuation/risk-neutral-valuation/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/valuation/risk-neutral-valuation/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/valuation/risk-neutral-valuation/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/valuation/risk-neutral-valuation/" />
<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/en/valuation/risk-neutral-valuation/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/valuation/risk-neutral-valuation/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/valuation/risk-neutral-valuation/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/valuation/risk-neutral-valuation/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/valuation/black-scholes/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/valuation/black-scholes/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/valuation/black-scholes/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/valuation/black-scholes/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/valuation/black-scholes/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/valuation/black-scholes/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/valuation/black-scholes/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/valuation/black-scholes/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/valuation/greeks/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/valuation/greeks/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/valuation/greeks/" />
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<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/en/valuation/greeks/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/valuation/greeks/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/valuation/greeks/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/valuation/greeks/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/valuation/implied-volatility/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/valuation/implied-volatility/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/valuation/implied-volatility/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/valuation/implied-volatility/" />
<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/en/valuation/implied-volatility/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/valuation/implied-volatility/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/valuation/implied-volatility/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/valuation/implied-volatility/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/valuation/volatility-smile/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/valuation/volatility-smile/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/valuation/volatility-smile/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/valuation/volatility-smile/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/valuation/volatility-smile/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/valuation/volatility-smile/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/valuation/volatility-smile/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/valuation/volatility-smile/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/valuation/black-and-bachelier/</loc>
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<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/ja/valuation/collateral-discounting/</loc>
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<lastmod>2026-10-18</lastmod>
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<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/ja/valuation/xva-overview/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/valuation/xva-overview/" />
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<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/en/valuation/xva-overview/</loc>
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<lastmod>2026-10-18</lastmod>
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<loc>https://www.derivatives-compass.org/ja/valuation/simm/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/valuation/simm/" />
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<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/en/valuation/simm/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/valuation/simm/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/valuation/simm/" />
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<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/valuation/cva-and-dva/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/valuation/cva-and-dva/" />
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<lastmod>2026-10-18</lastmod>
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<loc>https://www.derivatives-compass.org/en/valuation/cva-and-dva/</loc>
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<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/ja/valuation/fva-and-mva/</loc>
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<lastmod>2026-10-18</lastmod>
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<loc>https://www.derivatives-compass.org/en/valuation/fva-and-mva/</loc>
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/valuation/fva-and-mva/" />
<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/ja/valuation/hull-white/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/valuation/hull-white/" />
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<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/en/valuation/hull-white/</loc>
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<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/ja/valuation/lmm/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/valuation/lmm/" />
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<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/en/valuation/lmm/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/valuation/lmm/" />
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<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/ja/valuation/sabr/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/valuation/sabr/" />
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<lastmod>2026-10-18</lastmod>
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<url>
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<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/ja/valuation/local-volatility/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/valuation/local-volatility/" />
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<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/en/valuation/local-volatility/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/valuation/local-volatility/" />
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<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/ja/valuation/heston/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/valuation/heston/" />
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<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/en/valuation/heston/</loc>
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<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/valuation/credit-copulas/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/valuation/credit-copulas/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/valuation/credit-copulas/" />
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<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/en/valuation/credit-copulas/</loc>
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<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/ja/valuation/calibration/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/valuation/calibration/" />
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<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/en/valuation/calibration/</loc>
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<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/ja/valuation/monte-carlo/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/valuation/monte-carlo/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/valuation/monte-carlo/" />
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<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/en/valuation/monte-carlo/</loc>
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<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/ja/valuation/finite-difference/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/valuation/finite-difference/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/valuation/finite-difference/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/valuation/finite-difference/" />
<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/en/valuation/finite-difference/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/valuation/finite-difference/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/valuation/finite-difference/" />
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<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/ja/valuation/aad/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/valuation/aad/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/valuation/aad/" />
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<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/en/valuation/aad/</loc>
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<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/ja/trading-hedging/delta-hedging/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/trading-hedging/delta-hedging/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/trading-hedging/delta-hedging/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/trading-hedging/delta-hedging/" />
<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/en/trading-hedging/delta-hedging/</loc>
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/trading-hedging/delta-hedging/" />
<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/ja/trading-hedging/gamma-and-vega/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/trading-hedging/gamma-and-vega/" />
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<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/en/trading-hedging/gamma-and-vega/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/trading-hedging/gamma-and-vega/" />
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/trading-hedging/gamma-and-vega/" />
<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/ja/trading-hedging/exotic-hedging/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/trading-hedging/exotic-hedging/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/trading-hedging/exotic-hedging/" />
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<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/en/trading-hedging/exotic-hedging/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/trading-hedging/exotic-hedging/" />
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/trading-hedging/exotic-hedging/" />
<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/ja/trading-hedging/market-making/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/trading-hedging/market-making/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/trading-hedging/market-making/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/trading-hedging/market-making/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/trading-hedging/market-making/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/trading-hedging/market-making/" />
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/trading-hedging/market-making/" />
<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/ja/trading-hedging/volatility-trading/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/trading-hedging/volatility-trading/" />
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/trading-hedging/volatility-trading/" />
<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/en/trading-hedging/volatility-trading/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/trading-hedging/volatility-trading/" />
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<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/market-risk/sensitivities/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/market-risk/sensitivities/" />
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<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/market-risk/sensitivities/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/market-risk/sensitivities/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/market-risk/sensitivities/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/market-risk/sensitivities/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/market-risk/var/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/market-risk/var/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/market-risk/var/" />
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<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/en/market-risk/var/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/market-risk/var/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/market-risk/var/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/market-risk/var/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/market-risk/expected-shortfall/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/market-risk/expected-shortfall/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/market-risk/expected-shortfall/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/market-risk/expected-shortfall/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/market-risk/expected-shortfall/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/market-risk/expected-shortfall/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/market-risk/expected-shortfall/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/market-risk/expected-shortfall/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/market-risk/stress-testing/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/market-risk/stress-testing/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/market-risk/stress-testing/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/market-risk/stress-testing/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/market-risk/stress-testing/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/market-risk/stress-testing/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/market-risk/stress-testing/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/market-risk/stress-testing/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/market-risk/backtesting/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/market-risk/backtesting/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/market-risk/backtesting/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/market-risk/backtesting/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/market-risk/backtesting/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/market-risk/backtesting/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/market-risk/backtesting/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/market-risk/backtesting/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/credit-risk/counterparty-credit-risk/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/credit-risk/counterparty-credit-risk/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/credit-risk/counterparty-credit-risk/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/credit-risk/counterparty-credit-risk/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/credit-risk/counterparty-credit-risk/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/credit-risk/counterparty-credit-risk/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/credit-risk/counterparty-credit-risk/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/credit-risk/counterparty-credit-risk/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/credit-risk/exposure-measures/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/credit-risk/exposure-measures/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/credit-risk/exposure-measures/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/credit-risk/exposure-measures/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/credit-risk/exposure-measures/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/credit-risk/exposure-measures/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/credit-risk/exposure-measures/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/credit-risk/exposure-measures/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/credit-risk/exposure-by-product/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/credit-risk/exposure-by-product/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/credit-risk/exposure-by-product/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/credit-risk/exposure-by-product/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/credit-risk/exposure-by-product/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/credit-risk/exposure-by-product/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/credit-risk/exposure-by-product/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/credit-risk/exposure-by-product/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/credit-risk/wrong-way-risk/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/credit-risk/wrong-way-risk/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/credit-risk/wrong-way-risk/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/credit-risk/wrong-way-risk/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/credit-risk/wrong-way-risk/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/credit-risk/wrong-way-risk/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/credit-risk/wrong-way-risk/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/credit-risk/wrong-way-risk/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/credit-risk/netting-and-collateral/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/credit-risk/netting-and-collateral/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/credit-risk/netting-and-collateral/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/credit-risk/netting-and-collateral/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/credit-risk/netting-and-collateral/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/credit-risk/netting-and-collateral/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/credit-risk/netting-and-collateral/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/credit-risk/netting-and-collateral/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/credit-risk/credit-limits/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/credit-risk/credit-limits/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/credit-risk/credit-limits/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/credit-risk/credit-limits/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/credit-risk/credit-limits/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/credit-risk/credit-limits/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/credit-risk/credit-limits/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/credit-risk/credit-limits/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/credit-risk/regulatory-treatment/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/credit-risk/regulatory-treatment/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/credit-risk/regulatory-treatment/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/credit-risk/regulatory-treatment/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/credit-risk/regulatory-treatment/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/credit-risk/regulatory-treatment/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/credit-risk/regulatory-treatment/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/credit-risk/regulatory-treatment/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/credit-risk/ccr-and-xva/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/credit-risk/ccr-and-xva/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/credit-risk/ccr-and-xva/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/credit-risk/ccr-and-xva/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/credit-risk/ccr-and-xva/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/credit-risk/ccr-and-xva/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/credit-risk/ccr-and-xva/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/credit-risk/ccr-and-xva/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/liquidity-risk/margin-funding/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/liquidity-risk/margin-funding/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/liquidity-risk/margin-funding/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/liquidity-risk/margin-funding/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/liquidity-risk/margin-funding/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/liquidity-risk/margin-funding/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/liquidity-risk/margin-funding/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/liquidity-risk/margin-funding/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/liquidity-risk/margin-calls/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/liquidity-risk/margin-calls/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/liquidity-risk/margin-calls/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/liquidity-risk/margin-calls/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/liquidity-risk/margin-calls/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/liquidity-risk/margin-calls/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/liquidity-risk/margin-calls/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/liquidity-risk/margin-calls/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/liquidity-risk/collateral-sourcing/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/liquidity-risk/collateral-sourcing/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/liquidity-risk/collateral-sourcing/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/liquidity-risk/collateral-sourcing/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/liquidity-risk/collateral-sourcing/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/liquidity-risk/collateral-sourcing/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/liquidity-risk/collateral-sourcing/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/liquidity-risk/collateral-sourcing/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/liquidity-risk/lcr-and-nsfr/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/liquidity-risk/lcr-and-nsfr/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/liquidity-risk/lcr-and-nsfr/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/liquidity-risk/lcr-and-nsfr/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/liquidity-risk/lcr-and-nsfr/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/liquidity-risk/lcr-and-nsfr/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/liquidity-risk/lcr-and-nsfr/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/liquidity-risk/lcr-and-nsfr/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/operational-risk/operational-risk-overview/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/operational-risk/operational-risk-overview/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/operational-risk/operational-risk-overview/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/operational-risk/operational-risk-overview/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/operational-risk/operational-risk-overview/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/operational-risk/operational-risk-overview/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/operational-risk/operational-risk-overview/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/operational-risk/operational-risk-overview/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/operational-risk/trade-errors/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/operational-risk/trade-errors/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/operational-risk/trade-errors/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/operational-risk/trade-errors/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/operational-risk/trade-errors/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/operational-risk/trade-errors/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/operational-risk/trade-errors/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/operational-risk/trade-errors/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/operational-risk/settlement-and-reporting-failures/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/operational-risk/settlement-and-reporting-failures/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/operational-risk/settlement-and-reporting-failures/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/operational-risk/settlement-and-reporting-failures/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/operational-risk/settlement-and-reporting-failures/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/operational-risk/settlement-and-reporting-failures/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/operational-risk/settlement-and-reporting-failures/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/operational-risk/settlement-and-reporting-failures/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/operational-risk/rogue-trading-cases/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/operational-risk/rogue-trading-cases/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/operational-risk/rogue-trading-cases/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/operational-risk/rogue-trading-cases/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/operational-risk/rogue-trading-cases/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/operational-risk/rogue-trading-cases/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/operational-risk/rogue-trading-cases/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/operational-risk/rogue-trading-cases/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/capital/rwa/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/capital/rwa/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/capital/rwa/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/capital/rwa/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/capital/rwa/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/capital/rwa/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/capital/rwa/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/capital/rwa/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/capital/pnl-attribution/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/capital/pnl-attribution/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/capital/pnl-attribution/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/capital/pnl-attribution/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/capital/pnl-attribution/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/capital/pnl-attribution/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/capital/pnl-attribution/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/capital/pnl-attribution/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/capital/leverage-ratio/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/capital/leverage-ratio/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/capital/leverage-ratio/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/capital/leverage-ratio/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/capital/leverage-ratio/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/capital/leverage-ratio/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/capital/leverage-ratio/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/capital/leverage-ratio/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/capital/kva/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/capital/kva/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/capital/kva/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/capital/kva/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/capital/kva/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/capital/kva/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/capital/kva/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/capital/kva/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/capital/ftp/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/capital/ftp/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/capital/ftp/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/capital/ftp/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/capital/ftp/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/capital/ftp/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/capital/ftp/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/capital/ftp/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/client-business/client-business-flow/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/client-business/client-business-flow/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/client-business/client-business-flow/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/client-business/client-business-flow/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/client-business/client-business-flow/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/client-business/client-business-flow/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/client-business/client-business-flow/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/client-business/client-business-flow/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/client-business/needs-assessment/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/client-business/needs-assessment/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/client-business/needs-assessment/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/client-business/needs-assessment/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/client-business/needs-assessment/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/client-business/needs-assessment/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/client-business/needs-assessment/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/client-business/needs-assessment/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/client-business/kyc-and-credit-review/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/client-business/kyc-and-credit-review/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/client-business/kyc-and-credit-review/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/client-business/kyc-and-credit-review/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/client-business/kyc-and-credit-review/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/client-business/kyc-and-credit-review/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/client-business/kyc-and-credit-review/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/client-business/kyc-and-credit-review/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/client-business/proposal-and-explanation/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/client-business/proposal-and-explanation/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/client-business/proposal-and-explanation/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/client-business/proposal-and-explanation/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/client-business/proposal-and-explanation/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/client-business/proposal-and-explanation/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/client-business/proposal-and-explanation/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/client-business/proposal-and-explanation/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/client-business/pre-contract-documents/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/client-business/pre-contract-documents/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/client-business/pre-contract-documents/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/client-business/pre-contract-documents/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/client-business/pre-contract-documents/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/client-business/pre-contract-documents/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/client-business/pre-contract-documents/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/client-business/pre-contract-documents/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/client-business/suitability/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/client-business/suitability/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/client-business/suitability/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/client-business/suitability/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/client-business/suitability/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/client-business/suitability/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/client-business/suitability/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/client-business/suitability/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/client-business/trade-execution/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/client-business/trade-execution/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/client-business/trade-execution/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/client-business/trade-execution/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/client-business/trade-execution/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/client-business/trade-execution/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/client-business/trade-execution/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/client-business/trade-execution/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/client-business/confirmations/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/client-business/confirmations/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/client-business/confirmations/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/client-business/confirmations/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/client-business/confirmations/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/client-business/confirmations/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/client-business/confirmations/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/client-business/confirmations/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/client-business/mark-to-market-reporting/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/client-business/mark-to-market-reporting/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/client-business/mark-to-market-reporting/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/client-business/mark-to-market-reporting/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/client-business/mark-to-market-reporting/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/client-business/mark-to-market-reporting/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/client-business/mark-to-market-reporting/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/client-business/mark-to-market-reporting/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/client-business/early-termination/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/client-business/early-termination/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/client-business/early-termination/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/client-business/early-termination/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/client-business/early-termination/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/client-business/early-termination/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/client-business/early-termination/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/client-business/early-termination/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/internal-operations/front-middle-back/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/internal-operations/front-middle-back/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/internal-operations/front-middle-back/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/internal-operations/front-middle-back/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/internal-operations/front-middle-back/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/internal-operations/front-middle-back/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/internal-operations/front-middle-back/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/internal-operations/front-middle-back/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/internal-operations/trade-capture/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/internal-operations/trade-capture/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/internal-operations/trade-capture/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/internal-operations/trade-capture/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/internal-operations/trade-capture/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/internal-operations/trade-capture/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/internal-operations/trade-capture/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/internal-operations/trade-capture/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/internal-operations/lifecycle-events/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/internal-operations/lifecycle-events/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/internal-operations/lifecycle-events/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/internal-operations/lifecycle-events/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/internal-operations/lifecycle-events/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/internal-operations/lifecycle-events/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/internal-operations/lifecycle-events/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/internal-operations/lifecycle-events/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/internal-operations/daily-valuation-and-pnl/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/internal-operations/daily-valuation-and-pnl/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/internal-operations/daily-valuation-and-pnl/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/internal-operations/daily-valuation-and-pnl/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/internal-operations/daily-valuation-and-pnl/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/internal-operations/daily-valuation-and-pnl/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/internal-operations/daily-valuation-and-pnl/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/internal-operations/daily-valuation-and-pnl/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/internal-operations/risk-management-operations/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/internal-operations/risk-management-operations/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/internal-operations/risk-management-operations/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/internal-operations/risk-management-operations/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/internal-operations/risk-management-operations/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/internal-operations/risk-management-operations/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/internal-operations/risk-management-operations/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/internal-operations/risk-management-operations/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/internal-operations/collateral-operations/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/internal-operations/collateral-operations/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/internal-operations/collateral-operations/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/internal-operations/collateral-operations/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/internal-operations/collateral-operations/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/internal-operations/collateral-operations/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/internal-operations/collateral-operations/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/internal-operations/collateral-operations/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/internal-operations/settlement/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/internal-operations/settlement/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/internal-operations/settlement/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/internal-operations/settlement/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/internal-operations/settlement/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/internal-operations/settlement/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/internal-operations/settlement/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/internal-operations/settlement/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/internal-operations/regulatory-reporting/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/internal-operations/regulatory-reporting/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/internal-operations/regulatory-reporting/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/internal-operations/regulatory-reporting/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/internal-operations/regulatory-reporting/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/internal-operations/regulatory-reporting/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/internal-operations/regulatory-reporting/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/internal-operations/regulatory-reporting/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/internal-operations/accounting-operations/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/internal-operations/accounting-operations/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/internal-operations/accounting-operations/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/internal-operations/accounting-operations/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/internal-operations/accounting-operations/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/internal-operations/accounting-operations/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/internal-operations/accounting-operations/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/internal-operations/accounting-operations/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/internal-operations/audit/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/internal-operations/audit/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/internal-operations/audit/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/internal-operations/audit/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/internal-operations/audit/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/internal-operations/audit/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/internal-operations/audit/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/internal-operations/audit/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/data-systems/system-architecture/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/data-systems/system-architecture/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/data-systems/system-architecture/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/data-systems/system-architecture/" />
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</url>
<url>
<loc>https://www.derivatives-compass.org/en/data-systems/system-architecture/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/data-systems/system-architecture/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/data-systems/system-architecture/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/data-systems/system-architecture/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/data-systems/lifecycle-event-data/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/data-systems/lifecycle-event-data/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/data-systems/lifecycle-event-data/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/data-systems/lifecycle-event-data/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/data-systems/lifecycle-event-data/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/data-systems/lifecycle-event-data/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/data-systems/lifecycle-event-data/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/data-systems/lifecycle-event-data/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/data-systems/market-data-management/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/data-systems/market-data-management/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/data-systems/market-data-management/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/data-systems/market-data-management/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/data-systems/market-data-management/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/data-systems/market-data-management/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/data-systems/market-data-management/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/data-systems/market-data-management/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/data-systems/end-of-day-batch/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/data-systems/end-of-day-batch/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/data-systems/end-of-day-batch/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/data-systems/end-of-day-batch/" />
<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/en/data-systems/end-of-day-batch/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/data-systems/end-of-day-batch/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/data-systems/end-of-day-batch/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/data-systems/end-of-day-batch/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/data-systems/trading-system-vendors/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/data-systems/trading-system-vendors/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/data-systems/trading-system-vendors/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/data-systems/trading-system-vendors/" />
<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/en/data-systems/trading-system-vendors/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/data-systems/trading-system-vendors/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/data-systems/trading-system-vendors/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/data-systems/trading-system-vendors/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/data-systems/fpml/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/data-systems/fpml/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/data-systems/fpml/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/data-systems/fpml/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/data-systems/fpml/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/data-systems/fpml/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/data-systems/fpml/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/data-systems/fpml/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/data-systems/isda-cdm/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/data-systems/isda-cdm/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/data-systems/isda-cdm/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/data-systems/isda-cdm/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/data-systems/isda-cdm/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/data-systems/isda-cdm/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/data-systems/isda-cdm/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/data-systems/isda-cdm/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/data-systems/identifiers/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/data-systems/identifiers/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/data-systems/identifiers/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/data-systems/identifiers/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/data-systems/identifiers/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/data-systems/identifiers/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/data-systems/identifiers/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/data-systems/identifiers/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/booking-models/booking-entities/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/booking-models/booking-entities/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/booking-models/booking-entities/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/booking-models/booking-entities/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/booking-models/booking-entities/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/booking-models/booking-entities/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/booking-models/booking-entities/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/booking-models/booking-entities/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/booking-models/back-to-back/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/booking-models/back-to-back/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/booking-models/back-to-back/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/booking-models/back-to-back/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/booking-models/back-to-back/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/booking-models/back-to-back/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/booking-models/back-to-back/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/booking-models/back-to-back/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/booking-models/recovery-and-resolution/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/booking-models/recovery-and-resolution/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/booking-models/recovery-and-resolution/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/booking-models/recovery-and-resolution/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/booking-models/recovery-and-resolution/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/booking-models/recovery-and-resolution/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/booking-models/recovery-and-resolution/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/booking-models/recovery-and-resolution/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/booking-models/stay-protocols/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/booking-models/stay-protocols/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/booking-models/stay-protocols/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/booking-models/stay-protocols/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/booking-models/stay-protocols/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/booking-models/stay-protocols/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/booking-models/stay-protocols/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/booking-models/stay-protocols/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/accounting/fair-value-measurement/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/accounting/fair-value-measurement/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/accounting/fair-value-measurement/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/accounting/fair-value-measurement/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/accounting/fair-value-measurement/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/accounting/fair-value-measurement/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/accounting/fair-value-measurement/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/accounting/fair-value-measurement/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/accounting/japan-fair-value-standard/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/accounting/japan-fair-value-standard/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/accounting/japan-fair-value-standard/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/accounting/japan-fair-value-standard/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/accounting/japan-fair-value-standard/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/accounting/japan-fair-value-standard/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/accounting/japan-fair-value-standard/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/accounting/japan-fair-value-standard/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/accounting/accounting-cva-dva/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/accounting/accounting-cva-dva/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/accounting/accounting-cva-dva/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/accounting/accounting-cva-dva/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/accounting/accounting-cva-dva/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/accounting/accounting-cva-dva/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/accounting/accounting-cva-dva/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/accounting/accounting-cva-dva/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/accounting/hedge-accounting/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/accounting/hedge-accounting/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/accounting/hedge-accounting/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/accounting/hedge-accounting/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/accounting/hedge-accounting/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/accounting/hedge-accounting/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/accounting/hedge-accounting/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/accounting/hedge-accounting/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/accounting/deferral-hedge-japan/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/accounting/deferral-hedge-japan/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/accounting/deferral-hedge-japan/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/accounting/deferral-hedge-japan/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/accounting/deferral-hedge-japan/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/accounting/deferral-hedge-japan/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/accounting/deferral-hedge-japan/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/accounting/deferral-hedge-japan/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/accounting/ifrs9-and-asc815/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/accounting/ifrs9-and-asc815/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/accounting/ifrs9-and-asc815/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/accounting/ifrs9-and-asc815/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/accounting/ifrs9-and-asc815/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/accounting/ifrs9-and-asc815/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/accounting/ifrs9-and-asc815/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/accounting/ifrs9-and-asc815/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/accounting/embedded-derivatives/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/accounting/embedded-derivatives/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/accounting/embedded-derivatives/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/accounting/embedded-derivatives/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/accounting/embedded-derivatives/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/accounting/embedded-derivatives/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/accounting/embedded-derivatives/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/accounting/embedded-derivatives/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/accounting/gaap-comparison/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/accounting/gaap-comparison/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/accounting/gaap-comparison/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/accounting/gaap-comparison/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/accounting/gaap-comparison/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/accounting/gaap-comparison/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/accounting/gaap-comparison/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/accounting/gaap-comparison/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/accounting/disclosures/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/accounting/disclosures/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/accounting/disclosures/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/accounting/disclosures/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/accounting/disclosures/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/accounting/disclosures/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/accounting/disclosures/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/accounting/disclosures/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/tax/taxation-of-gains/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/tax/taxation-of-gains/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/tax/taxation-of-gains/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/tax/taxation-of-gains/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/tax/taxation-of-gains/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/tax/taxation-of-gains/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/tax/taxation-of-gains/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/tax/taxation-of-gains/" />
<lastmod>2026-10-18</lastmod>
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<url>
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<url>
<loc>https://www.derivatives-compass.org/en/tax/withholding-tax/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/tax/withholding-tax/" />
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<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/ja/tax/transfer-pricing/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/tax/transfer-pricing/" />
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<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/en/tax/transfer-pricing/</loc>
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<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/ja/legal/isda-master-agreement/</loc>
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<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/en/legal/isda-master-agreement/</loc>
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<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/ja/legal/csa/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/legal/csa/" />
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<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/legal/csa/</loc>
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<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/legal/isda-protocols/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/legal/isda-protocols/" />
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/legal/isda-protocols/" />
<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/en/legal/isda-protocols/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/legal/isda-protocols/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/legal/isda-protocols/" />
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<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/legal/events-of-default/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/legal/events-of-default/" />
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/legal/events-of-default/" />
<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/en/legal/events-of-default/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/legal/events-of-default/" />
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<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/ja/legal/close-out-netting/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/legal/close-out-netting/" />
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<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/en/legal/close-out-netting/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/legal/close-out-netting/" />
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<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/ja/legal/japan-netting-act/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/legal/japan-netting-act/" />
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<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/en/legal/japan-netting-act/</loc>
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<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/ja/legal/netting-opinions/</loc>
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<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/en/legal/netting-opinions/</loc>
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<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/ja/market-infrastructure/infrastructure-overview/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/market-infrastructure/infrastructure-overview/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/market-infrastructure/infrastructure-overview/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/market-infrastructure/infrastructure-overview/" />
<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/en/market-infrastructure/infrastructure-overview/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/market-infrastructure/infrastructure-overview/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/market-infrastructure/infrastructure-overview/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/market-infrastructure/infrastructure-overview/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/market-infrastructure/ccps/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/market-infrastructure/ccps/" />
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<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/en/market-infrastructure/ccps/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/market-infrastructure/ccps/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/market-infrastructure/ccps/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/market-infrastructure/ccps/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/market-infrastructure/trade-repositories/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/market-infrastructure/trade-repositories/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/market-infrastructure/trade-repositories/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/market-infrastructure/trade-repositories/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/market-infrastructure/trade-repositories/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/market-infrastructure/trade-repositories/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/market-infrastructure/trade-repositories/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/market-infrastructure/trade-repositories/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/market-infrastructure/compression/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/market-infrastructure/compression/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/market-infrastructure/compression/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/market-infrastructure/compression/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/market-infrastructure/compression/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/market-infrastructure/compression/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/market-infrastructure/compression/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/market-infrastructure/compression/" />
<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/ja/market-infrastructure/ccp-default-management/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/market-infrastructure/ccp-default-management/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/market-infrastructure/ccp-default-management/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/market-infrastructure/ccp-default-management/" />
<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/en/market-infrastructure/ccp-default-management/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/market-infrastructure/ccp-default-management/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/market-infrastructure/ccp-default-management/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/market-infrastructure/ccp-default-management/" />
<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/ja/market-infrastructure/electronic-trading-platforms/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/market-infrastructure/electronic-trading-platforms/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/market-infrastructure/electronic-trading-platforms/" />
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<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/en/market-infrastructure/electronic-trading-platforms/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/market-infrastructure/electronic-trading-platforms/" />
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<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/ja/market-infrastructure/portfolio-reconciliation/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/market-infrastructure/portfolio-reconciliation/" />
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<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/en/market-infrastructure/portfolio-reconciliation/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/market-infrastructure/portfolio-reconciliation/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/market-infrastructure/portfolio-reconciliation/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/market-infrastructure/portfolio-reconciliation/" />
<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/ja/market-infrastructure/trading-platform-providers/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/market-infrastructure/trading-platform-providers/" />
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<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/en/market-infrastructure/trading-platform-providers/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/market-infrastructure/trading-platform-providers/" />
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/market-infrastructure/trading-platform-providers/" />
<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/ja/market-infrastructure/post-trade-platforms/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/market-infrastructure/post-trade-platforms/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/market-infrastructure/post-trade-platforms/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/market-infrastructure/post-trade-platforms/" />
<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/en/market-infrastructure/post-trade-platforms/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/market-infrastructure/post-trade-platforms/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/market-infrastructure/post-trade-platforms/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/market-infrastructure/post-trade-platforms/" />
<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/ja/market-infrastructure/post-trade-services/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/market-infrastructure/post-trade-services/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/market-infrastructure/post-trade-services/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/market-infrastructure/post-trade-services/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/market-infrastructure/post-trade-services/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/market-infrastructure/post-trade-services/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/market-infrastructure/post-trade-services/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/market-infrastructure/post-trade-services/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/governance/three-lines-model/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/governance/three-lines-model/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/governance/three-lines-model/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/governance/three-lines-model/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/governance/three-lines-model/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/governance/three-lines-model/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/governance/three-lines-model/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/governance/three-lines-model/" />
<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/ja/governance/new-product-approval/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/governance/new-product-approval/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/governance/new-product-approval/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/governance/new-product-approval/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/governance/new-product-approval/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/governance/new-product-approval/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/governance/new-product-approval/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/governance/new-product-approval/" />
<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/ja/governance/limit-framework/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/governance/limit-framework/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/governance/limit-framework/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/governance/limit-framework/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/governance/limit-framework/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/governance/limit-framework/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/governance/limit-framework/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/governance/limit-framework/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/governance/model-risk-management/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/governance/model-risk-management/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/governance/model-risk-management/" />
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<url>
<loc>https://www.derivatives-compass.org/en/governance/model-risk-management/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/governance/model-risk-management/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/governance/model-risk-management/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/governance/model-risk-management/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/governance/independent-price-verification/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/governance/independent-price-verification/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/governance/independent-price-verification/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/governance/independent-price-verification/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/governance/independent-price-verification/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/governance/independent-price-verification/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/governance/independent-price-verification/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/governance/independent-price-verification/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/conduct/mis-selling-cases/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/conduct/mis-selling-cases/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/conduct/mis-selling-cases/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/conduct/mis-selling-cases/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/conduct/mis-selling-cases/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/conduct/mis-selling-cases/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/conduct/mis-selling-cases/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/conduct/mis-selling-cases/" />
<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/ja/conduct/complaints-and-adr/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/conduct/complaints-and-adr/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/conduct/complaints-and-adr/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/conduct/complaints-and-adr/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/conduct/complaints-and-adr/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/conduct/complaints-and-adr/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/conduct/complaints-and-adr/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/conduct/complaints-and-adr/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/conduct/conduct-risk/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/conduct/conduct-risk/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/conduct/conduct-risk/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/conduct/conduct-risk/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/conduct/conduct-risk/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/conduct/conduct-risk/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/conduct/conduct-risk/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/conduct/conduct-risk/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/regulation-japan/overview/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/regulation-japan/overview/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/regulation-japan/overview/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/regulation-japan/overview/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/regulation-japan/overview/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/regulation-japan/overview/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/regulation-japan/overview/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/regulation-japan/overview/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/regulation-japan/fiea/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/regulation-japan/fiea/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/regulation-japan/fiea/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/regulation-japan/fiea/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/regulation-japan/fiea/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/regulation-japan/fiea/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/regulation-japan/fiea/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/regulation-japan/fiea/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/regulation-japan/financial-services-provision-act/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/regulation-japan/financial-services-provision-act/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/regulation-japan/financial-services-provision-act/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/regulation-japan/financial-services-provision-act/" />
<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/en/regulation-japan/financial-services-provision-act/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/regulation-japan/financial-services-provision-act/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/regulation-japan/financial-services-provision-act/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/regulation-japan/financial-services-provision-act/" />
<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/ja/regulation-japan/commodity-derivatives-act/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/regulation-japan/commodity-derivatives-act/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/regulation-japan/commodity-derivatives-act/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/regulation-japan/commodity-derivatives-act/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/regulation-japan/commodity-derivatives-act/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/regulation-japan/commodity-derivatives-act/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/regulation-japan/commodity-derivatives-act/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/regulation-japan/commodity-derivatives-act/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/regulation-japan/supervisory-guidelines/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/regulation-japan/supervisory-guidelines/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/regulation-japan/supervisory-guidelines/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/regulation-japan/supervisory-guidelines/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/regulation-japan/supervisory-guidelines/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/regulation-japan/supervisory-guidelines/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/regulation-japan/supervisory-guidelines/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/regulation-japan/supervisory-guidelines/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/regulation-japan/mandatory-clearing/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/regulation-japan/mandatory-clearing/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/regulation-japan/mandatory-clearing/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/regulation-japan/mandatory-clearing/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/regulation-japan/mandatory-clearing/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/regulation-japan/mandatory-clearing/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/regulation-japan/mandatory-clearing/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/regulation-japan/mandatory-clearing/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/regulation-japan/margin-requirements/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/regulation-japan/margin-requirements/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/regulation-japan/margin-requirements/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/regulation-japan/margin-requirements/" />
<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/en/regulation-japan/margin-requirements/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/regulation-japan/margin-requirements/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/regulation-japan/margin-requirements/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/regulation-japan/margin-requirements/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/regulation-japan/trade-reporting/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/regulation-japan/trade-reporting/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/regulation-japan/trade-reporting/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/regulation-japan/trade-reporting/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/regulation-japan/trade-reporting/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/regulation-japan/trade-reporting/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/regulation-japan/trade-reporting/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/regulation-japan/trade-reporting/" />
<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/ja/regulation-japan/electronic-trading-mandate/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/regulation-japan/electronic-trading-mandate/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/regulation-japan/electronic-trading-mandate/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/regulation-japan/electronic-trading-mandate/" />
<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/en/regulation-japan/electronic-trading-mandate/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/regulation-japan/electronic-trading-mandate/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/regulation-japan/electronic-trading-mandate/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/regulation-japan/electronic-trading-mandate/" />
<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/ja/regulation-japan/suitability-and-explanation/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/regulation-japan/suitability-and-explanation/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/regulation-japan/suitability-and-explanation/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/regulation-japan/suitability-and-explanation/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/regulation-japan/suitability-and-explanation/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/regulation-japan/suitability-and-explanation/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/regulation-japan/suitability-and-explanation/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/regulation-japan/suitability-and-explanation/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/regulation-us/overview/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/regulation-us/overview/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/regulation-us/overview/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/regulation-us/overview/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/regulation-us/overview/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/regulation-us/overview/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/regulation-us/overview/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/regulation-us/overview/" />
<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/ja/regulation-us/cftc-and-sec/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/regulation-us/cftc-and-sec/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/regulation-us/cftc-and-sec/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/regulation-us/cftc-and-sec/" />
<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/en/regulation-us/cftc-and-sec/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/regulation-us/cftc-and-sec/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/regulation-us/cftc-and-sec/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/regulation-us/cftc-and-sec/" />
<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/ja/regulation-us/dodd-frank-title-vii/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/regulation-us/dodd-frank-title-vii/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/regulation-us/dodd-frank-title-vii/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/regulation-us/dodd-frank-title-vii/" />
<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/en/regulation-us/dodd-frank-title-vii/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/regulation-us/dodd-frank-title-vii/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/regulation-us/dodd-frank-title-vii/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/regulation-us/dodd-frank-title-vii/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/regulation-us/volcker-rule/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/regulation-us/volcker-rule/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/regulation-us/volcker-rule/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/regulation-us/volcker-rule/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/regulation-us/volcker-rule/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/regulation-us/volcker-rule/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/regulation-us/volcker-rule/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/regulation-us/volcker-rule/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/regulation-us/swap-dealer-registration/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/regulation-us/swap-dealer-registration/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/regulation-us/swap-dealer-registration/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/regulation-us/swap-dealer-registration/" />
<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/en/regulation-us/swap-dealer-registration/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/regulation-us/swap-dealer-registration/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/regulation-us/swap-dealer-registration/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/regulation-us/swap-dealer-registration/" />
<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/ja/regulation-us/clearing-reporting-execution/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/regulation-us/clearing-reporting-execution/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/regulation-us/clearing-reporting-execution/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/regulation-us/clearing-reporting-execution/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/regulation-us/clearing-reporting-execution/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/regulation-us/clearing-reporting-execution/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/regulation-us/clearing-reporting-execution/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/regulation-us/clearing-reporting-execution/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/regulation-eu-uk/overview/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/regulation-eu-uk/overview/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/regulation-eu-uk/overview/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/regulation-eu-uk/overview/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/en/regulation-eu-uk/overview/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/regulation-eu-uk/overview/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/regulation-eu-uk/overview/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/regulation-eu-uk/overview/" />
<lastmod>2026-10-18</lastmod>
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/regulation-eu-uk/emir/</loc>
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<lastmod>2026-10-18</lastmod>
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<lastmod>2026-10-18</lastmod>
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<lastmod>2026-10-18</lastmod>
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<lastmod>2026-10-18</lastmod>
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<lastmod>2026-10-18</lastmod>
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<loc>https://www.derivatives-compass.org/ja/regulation-eu-uk/priips/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/regulation-eu-uk/priips/" />
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<lastmod>2026-10-18</lastmod>
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<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/regulation-eu-uk/priips/" />
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<lastmod>2026-10-18</lastmod>
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<loc>https://www.derivatives-compass.org/ja/regulation-eu-uk/benchmarks-regulation/</loc>
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/regulation-eu-uk/benchmarks-regulation/" />
<lastmod>2026-10-18</lastmod>
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<loc>https://www.derivatives-compass.org/en/regulation-eu-uk/benchmarks-regulation/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/regulation-eu-uk/benchmarks-regulation/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/regulation-eu-uk/benchmarks-regulation/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/regulation-eu-uk/benchmarks-regulation/" />
<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/ja/regulation-global/g20-otc-reform/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/regulation-global/g20-otc-reform/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/regulation-global/g20-otc-reform/" />
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<lastmod>2026-10-18</lastmod>
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<loc>https://www.derivatives-compass.org/en/regulation-global/g20-otc-reform/</loc>
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/regulation-global/g20-otc-reform/" />
<lastmod>2026-10-18</lastmod>
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<loc>https://www.derivatives-compass.org/ja/regulation-global/basel-framework/</loc>
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<lastmod>2026-10-18</lastmod>
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<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/ja/regulation-global/uncleared-margin-rules/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/regulation-global/uncleared-margin-rules/" />
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<lastmod>2026-10-18</lastmod>
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<lastmod>2026-10-18</lastmod>
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<lastmod>2026-10-18</lastmod>
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<lastmod>2026-10-18</lastmod>
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<lastmod>2026-10-18</lastmod>
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<lastmod>2026-10-18</lastmod>
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<loc>https://www.derivatives-compass.org/ja/regulation-global/cva-risk-capital/</loc>
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<lastmod>2026-10-18</lastmod>
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<loc>https://www.derivatives-compass.org/en/regulation-global/cva-risk-capital/</loc>
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/regulation-global/cva-risk-capital/" />
<lastmod>2026-10-18</lastmod>
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<loc>https://www.derivatives-compass.org/ja/regulation-apac/overview/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/regulation-apac/overview/" />
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<lastmod>2026-10-18</lastmod>
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<loc>https://www.derivatives-compass.org/en/regulation-apac/overview/</loc>
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<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/ja/regulation-apac/hong-kong/</loc>
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/regulation-apac/hong-kong/" />
<lastmod>2026-10-18</lastmod>
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<loc>https://www.derivatives-compass.org/en/regulation-apac/hong-kong/</loc>
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/regulation-apac/hong-kong/" />
<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/ja/regulation-apac/singapore/</loc>
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<lastmod>2026-10-18</lastmod>
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<loc>https://www.derivatives-compass.org/en/regulation-apac/singapore/</loc>
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<lastmod>2026-10-18</lastmod>
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<loc>https://www.derivatives-compass.org/ja/regulation-apac/china/</loc>
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<lastmod>2026-10-18</lastmod>
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<loc>https://www.derivatives-compass.org/en/regulation-apac/china/</loc>
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<lastmod>2026-10-18</lastmod>
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<loc>https://www.derivatives-compass.org/ja/regulation-apac/korea/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/regulation-apac/korea/" />
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<lastmod>2026-10-18</lastmod>
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<loc>https://www.derivatives-compass.org/en/regulation-apac/korea/</loc>
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<lastmod>2026-10-18</lastmod>
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<loc>https://www.derivatives-compass.org/ja/regulation-apac/australia/</loc>
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<lastmod>2026-10-18</lastmod>
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<loc>https://www.derivatives-compass.org/en/regulation-apac/australia/</loc>
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<lastmod>2026-10-18</lastmod>
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<loc>https://www.derivatives-compass.org/ja/regulation-themes/market-manipulation/</loc>
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<lastmod>2026-10-18</lastmod>
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<loc>https://www.derivatives-compass.org/en/regulation-themes/market-manipulation/</loc>
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<lastmod>2026-10-18</lastmod>
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<loc>https://www.derivatives-compass.org/ja/regulation-themes/aml-and-sanctions/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/regulation-themes/aml-and-sanctions/" />
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/regulation-themes/aml-and-sanctions/" />
<lastmod>2026-10-18</lastmod>
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<loc>https://www.derivatives-compass.org/en/regulation-themes/aml-and-sanctions/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/regulation-themes/aml-and-sanctions/" />
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/regulation-themes/aml-and-sanctions/" />
<lastmod>2026-10-18</lastmod>
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<loc>https://www.derivatives-compass.org/ja/regulation-themes/insider-trading/</loc>
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<lastmod>2026-10-18</lastmod>
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<loc>https://www.derivatives-compass.org/en/regulation-themes/insider-trading/</loc>
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/regulation-themes/insider-trading/" />
<lastmod>2026-10-18</lastmod>
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<loc>https://www.derivatives-compass.org/ja/regulation-themes/best-execution/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/regulation-themes/best-execution/" />
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<lastmod>2026-10-18</lastmod>
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<loc>https://www.derivatives-compass.org/en/regulation-themes/best-execution/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/regulation-themes/best-execution/" />
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<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/ja/regulation-themes/record-keeping/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/regulation-themes/record-keeping/" />
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<lastmod>2026-10-18</lastmod>
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<url>
<loc>https://www.derivatives-compass.org/en/regulation-themes/record-keeping/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/regulation-themes/record-keeping/" />
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<lastmod>2026-10-18</lastmod>
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/structured-products/quiz-deposits-and-loans/" />
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<url>
<loc>https://www.derivatives-compass.org/en/structured-products/quiz-deposits-and-loans/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/structured-products/quiz-deposits-and-loans/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/structured-products/quiz-deposits-and-loans/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/structured-products/quiz-deposits-and-loans/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/valuation/quiz-foundations/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/valuation/quiz-foundations/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/valuation/quiz-foundations/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/valuation/quiz-foundations/" />
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<url>
<loc>https://www.derivatives-compass.org/en/valuation/quiz-foundations/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/valuation/quiz-foundations/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/valuation/quiz-foundations/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/valuation/quiz-foundations/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/valuation/quiz-options/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/valuation/quiz-options/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/valuation/quiz-options/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/valuation/quiz-options/" />
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<url>
<loc>https://www.derivatives-compass.org/en/valuation/quiz-options/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/valuation/quiz-options/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/valuation/quiz-options/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/valuation/quiz-options/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/valuation/quiz-collateral-and-xva/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/valuation/quiz-collateral-and-xva/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/valuation/quiz-collateral-and-xva/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/valuation/quiz-collateral-and-xva/" />
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<url>
<loc>https://www.derivatives-compass.org/en/valuation/quiz-collateral-and-xva/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/valuation/quiz-collateral-and-xva/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/valuation/quiz-collateral-and-xva/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/valuation/quiz-collateral-and-xva/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/valuation/quiz-models/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/valuation/quiz-models/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/valuation/quiz-models/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/valuation/quiz-models/" />
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<url>
<loc>https://www.derivatives-compass.org/en/valuation/quiz-models/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/valuation/quiz-models/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/valuation/quiz-models/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/valuation/quiz-models/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/valuation/quiz-numerics/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/valuation/quiz-numerics/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/valuation/quiz-numerics/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/valuation/quiz-numerics/" />
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<url>
<loc>https://www.derivatives-compass.org/en/valuation/quiz-numerics/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/valuation/quiz-numerics/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/valuation/quiz-numerics/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/valuation/quiz-numerics/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/trading-hedging/quiz-hedging/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/trading-hedging/quiz-hedging/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/trading-hedging/quiz-hedging/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/trading-hedging/quiz-hedging/" />
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<url>
<loc>https://www.derivatives-compass.org/en/trading-hedging/quiz-hedging/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/trading-hedging/quiz-hedging/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/trading-hedging/quiz-hedging/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/trading-hedging/quiz-hedging/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/trading-hedging/quiz-trading/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/trading-hedging/quiz-trading/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/trading-hedging/quiz-trading/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/trading-hedging/quiz-trading/" />
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<url>
<loc>https://www.derivatives-compass.org/en/trading-hedging/quiz-trading/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/trading-hedging/quiz-trading/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/trading-hedging/quiz-trading/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/trading-hedging/quiz-trading/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/market-risk/quiz-measures/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/market-risk/quiz-measures/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/market-risk/quiz-measures/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/market-risk/quiz-measures/" />
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<url>
<loc>https://www.derivatives-compass.org/en/market-risk/quiz-measures/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/market-risk/quiz-measures/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/market-risk/quiz-measures/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/market-risk/quiz-measures/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/market-risk/quiz-validation/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/market-risk/quiz-validation/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/market-risk/quiz-validation/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/market-risk/quiz-validation/" />
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<url>
<loc>https://www.derivatives-compass.org/en/market-risk/quiz-validation/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/market-risk/quiz-validation/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/market-risk/quiz-validation/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/market-risk/quiz-validation/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/credit-risk/quiz-exposure/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/credit-risk/quiz-exposure/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/credit-risk/quiz-exposure/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/credit-risk/quiz-exposure/" />
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<url>
<loc>https://www.derivatives-compass.org/en/credit-risk/quiz-exposure/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/credit-risk/quiz-exposure/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/credit-risk/quiz-exposure/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/credit-risk/quiz-exposure/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/credit-risk/quiz-mitigation/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/credit-risk/quiz-mitigation/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/credit-risk/quiz-mitigation/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/credit-risk/quiz-mitigation/" />
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<url>
<loc>https://www.derivatives-compass.org/en/credit-risk/quiz-mitigation/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/credit-risk/quiz-mitigation/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/credit-risk/quiz-mitigation/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/credit-risk/quiz-mitigation/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/liquidity-risk/quiz-liquidity/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/liquidity-risk/quiz-liquidity/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/liquidity-risk/quiz-liquidity/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/liquidity-risk/quiz-liquidity/" />
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<url>
<loc>https://www.derivatives-compass.org/en/liquidity-risk/quiz-liquidity/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/liquidity-risk/quiz-liquidity/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/liquidity-risk/quiz-liquidity/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/liquidity-risk/quiz-liquidity/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/operational-risk/quiz-operational/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/operational-risk/quiz-operational/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/operational-risk/quiz-operational/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/operational-risk/quiz-operational/" />
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<url>
<loc>https://www.derivatives-compass.org/en/operational-risk/quiz-operational/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/operational-risk/quiz-operational/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/operational-risk/quiz-operational/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/operational-risk/quiz-operational/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/capital/quiz-capital/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/capital/quiz-capital/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/capital/quiz-capital/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/capital/quiz-capital/" />
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<url>
<loc>https://www.derivatives-compass.org/en/capital/quiz-capital/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/capital/quiz-capital/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/capital/quiz-capital/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/capital/quiz-capital/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/client-business/quiz-before-trade/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/client-business/quiz-before-trade/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/client-business/quiz-before-trade/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/client-business/quiz-before-trade/" />
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<url>
<loc>https://www.derivatives-compass.org/en/client-business/quiz-before-trade/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/client-business/quiz-before-trade/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/client-business/quiz-before-trade/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/client-business/quiz-before-trade/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/client-business/quiz-after-trade/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/client-business/quiz-after-trade/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/client-business/quiz-after-trade/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/client-business/quiz-after-trade/" />
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<url>
<loc>https://www.derivatives-compass.org/en/client-business/quiz-after-trade/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/client-business/quiz-after-trade/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/client-business/quiz-after-trade/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/client-business/quiz-after-trade/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/internal-operations/quiz-organization/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/internal-operations/quiz-organization/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/internal-operations/quiz-organization/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/internal-operations/quiz-organization/" />
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<url>
<loc>https://www.derivatives-compass.org/en/internal-operations/quiz-organization/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/internal-operations/quiz-organization/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/internal-operations/quiz-organization/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/internal-operations/quiz-organization/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/internal-operations/quiz-daily-operations/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/internal-operations/quiz-daily-operations/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/internal-operations/quiz-daily-operations/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/internal-operations/quiz-daily-operations/" />
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<url>
<loc>https://www.derivatives-compass.org/en/internal-operations/quiz-daily-operations/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/internal-operations/quiz-daily-operations/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/internal-operations/quiz-daily-operations/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/internal-operations/quiz-daily-operations/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/internal-operations/quiz-reporting-and-control/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/internal-operations/quiz-reporting-and-control/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/internal-operations/quiz-reporting-and-control/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/internal-operations/quiz-reporting-and-control/" />
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<url>
<loc>https://www.derivatives-compass.org/en/internal-operations/quiz-reporting-and-control/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/internal-operations/quiz-reporting-and-control/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/internal-operations/quiz-reporting-and-control/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/internal-operations/quiz-reporting-and-control/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/data-systems/quiz-architecture/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/data-systems/quiz-architecture/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/data-systems/quiz-architecture/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/data-systems/quiz-architecture/" />
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<url>
<loc>https://www.derivatives-compass.org/en/data-systems/quiz-architecture/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/data-systems/quiz-architecture/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/data-systems/quiz-architecture/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/data-systems/quiz-architecture/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/data-systems/quiz-standards/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/data-systems/quiz-standards/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/data-systems/quiz-standards/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/data-systems/quiz-standards/" />
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<url>
<loc>https://www.derivatives-compass.org/en/data-systems/quiz-standards/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/data-systems/quiz-standards/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/data-systems/quiz-standards/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/data-systems/quiz-standards/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/booking-models/quiz-booking/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/booking-models/quiz-booking/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/booking-models/quiz-booking/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/booking-models/quiz-booking/" />
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<url>
<loc>https://www.derivatives-compass.org/en/booking-models/quiz-booking/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/booking-models/quiz-booking/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/booking-models/quiz-booking/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/booking-models/quiz-booking/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/accounting/quiz-fair-value/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/accounting/quiz-fair-value/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/accounting/quiz-fair-value/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/accounting/quiz-fair-value/" />
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<url>
<loc>https://www.derivatives-compass.org/en/accounting/quiz-fair-value/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/accounting/quiz-fair-value/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/accounting/quiz-fair-value/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/accounting/quiz-fair-value/" />
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<loc>https://www.derivatives-compass.org/ja/glossary/alm/</loc>
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<loc>https://www.derivatives-compass.org/ja/glossary/anti-money-laundering/</loc>
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<loc>https://www.derivatives-compass.org/ja/glossary/apra/</loc>
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/arbitrage/</loc>
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/arms-length-principle/</loc>
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<loc>https://www.derivatives-compass.org/ja/glossary/at-the-money/</loc>
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/attachment-detachment-point/</loc>
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<loc>https://www.derivatives-compass.org/en/glossary/attachment-detachment-point/</loc>
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/autocallable/</loc>
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/ba-cva/</loc>
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<url>
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<url>
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<url>
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<loc>https://www.derivatives-compass.org/ja/glossary/butterfly-spread/</loc>
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<loc>https://www.derivatives-compass.org/ja/glossary/calibration/</loc>
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<loc>https://www.derivatives-compass.org/ja/glossary/call-money-market/</loc>
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<loc>https://www.derivatives-compass.org/ja/glossary/callable-bond/</loc>
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<loc>https://www.derivatives-compass.org/ja/glossary/catastrophe-bond/</loc>
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<loc>https://www.derivatives-compass.org/ja/glossary/counterparty-credit-risk/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/counterparty-credit-risk/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/counterparty-credit-risk/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/counterparty-credit-risk/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/en/glossary/counterparty-credit-risk/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/counterparty-credit-risk/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/counterparty-credit-risk/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/counterparty-credit-risk/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/glossary/covered-call/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/covered-call/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/covered-call/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/covered-call/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/en/glossary/covered-call/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/covered-call/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/covered-call/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/covered-call/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/glossary/covered-interest-parity/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/covered-interest-parity/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/covered-interest-parity/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/covered-interest-parity/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/en/glossary/covered-interest-parity/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/covered-interest-parity/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/covered-interest-parity/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/covered-interest-parity/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/glossary/credit-default-swap/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/credit-default-swap/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/credit-default-swap/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/credit-default-swap/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/en/glossary/credit-default-swap/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/credit-default-swap/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/credit-default-swap/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/credit-default-swap/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/glossary/credit-event/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/credit-event/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/credit-event/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/credit-event/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/en/glossary/credit-event/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/credit-event/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/credit-event/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/credit-event/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/glossary/credit-limit/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/credit-limit/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/credit-limit/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/credit-limit/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/en/glossary/credit-limit/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/credit-limit/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/credit-limit/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/credit-limit/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/glossary/credit-linked-note/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/credit-linked-note/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/credit-linked-note/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/credit-linked-note/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/en/glossary/credit-linked-note/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/credit-linked-note/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/credit-linked-note/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/credit-linked-note/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/glossary/credit-risk/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/credit-risk/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/credit-risk/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/credit-risk/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/en/glossary/credit-risk/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/credit-risk/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/credit-risk/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/credit-risk/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/glossary/credit-spread/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/credit-spread/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/credit-spread/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/credit-spread/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/en/glossary/credit-spread/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/credit-spread/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/credit-spread/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/credit-spread/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/glossary/critical-benchmark/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/critical-benchmark/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/critical-benchmark/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/critical-benchmark/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/en/glossary/critical-benchmark/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/critical-benchmark/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/critical-benchmark/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/critical-benchmark/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/glossary/crop-year/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/crop-year/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/crop-year/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/crop-year/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/en/glossary/crop-year/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/crop-year/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/crop-year/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/crop-year/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/glossary/cross-currency-basis/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/cross-currency-basis/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/cross-currency-basis/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/cross-currency-basis/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/en/glossary/cross-currency-basis/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/cross-currency-basis/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/cross-currency-basis/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/cross-currency-basis/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/glossary/crypto-asset/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/crypto-asset/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/crypto-asset/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/crypto-asset/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/en/glossary/crypto-asset/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/crypto-asset/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/crypto-asset/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/crypto-asset/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/glossary/cs01/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/cs01/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/cs01/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/cs01/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/en/glossary/cs01/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/cs01/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/cs01/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/cs01/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/glossary/csa/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/csa/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/csa/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/csa/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/en/glossary/csa/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/csa/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/csa/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/csa/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/glossary/csrc/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/csrc/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/csrc/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/csrc/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/en/glossary/csrc/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/csrc/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/csrc/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/csrc/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/glossary/cubic-spline/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/cubic-spline/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/cubic-spline/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/cubic-spline/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/en/glossary/cubic-spline/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/cubic-spline/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/cubic-spline/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/cubic-spline/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/glossary/currency-option/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/currency-option/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/currency-option/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/currency-option/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/en/glossary/currency-option/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/currency-option/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/currency-option/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/currency-option/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/glossary/currency-risk/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/currency-risk/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/currency-risk/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/currency-risk/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/en/glossary/currency-risk/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/currency-risk/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/currency-risk/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/currency-risk/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/glossary/currency-swap/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/currency-swap/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/currency-swap/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/currency-swap/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/en/glossary/currency-swap/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/currency-swap/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/currency-swap/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/currency-swap/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/glossary/current-exposure/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/current-exposure/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/current-exposure/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/current-exposure/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/en/glossary/current-exposure/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/current-exposure/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/current-exposure/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/current-exposure/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/glossary/custodian/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/custodian/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/custodian/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/custodian/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/en/glossary/custodian/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/custodian/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/custodian/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/custodian/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/glossary/cva/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/cva/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/cva/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/cva/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/en/glossary/cva/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/cva/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/cva/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/cva/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/glossary/cva-desk/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/cva-desk/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/cva-desk/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/cva-desk/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/en/glossary/cva-desk/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/cva-desk/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/cva-desk/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/cva-desk/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/glossary/day-count-convention/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/day-count-convention/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/day-count-convention/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/day-count-convention/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/en/glossary/day-count-convention/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/day-count-convention/" />
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<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/dbj/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/dealer/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/dealer/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/default-auction/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/default-auction/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/default-auction/" />
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<url>
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/default-correlation/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/default-correlation/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/default-correlation/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/default-correlation/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/default-correlation/" />
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/default-correlation/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/default-fund/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/default-fund/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/default-fund/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/default-fund/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/default-fund/" />
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/default-fund/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/default-risk-charge/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/default-risk-charge/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/default-risk-charge/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/default-risk-charge/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/default-risk-charge/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/default-risk-charge/" />
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/default-risk-charge/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/default-waterfall/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/default-waterfall/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/default-waterfall/" />
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<loc>https://www.derivatives-compass.org/en/glossary/default-waterfall/</loc>
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/default-waterfall/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/deferral-hedge/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/deferral-hedge/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/deferral-hedge/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/deferral-hedge/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/deferral-hedge/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/deferral-hedge/" />
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/deferral-hedge/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/degree-day/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/degree-day/" />
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<url>
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<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/degree-day/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/delivery-date/</loc>
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<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/delivery-date/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/delivery-date/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/delivery-date/" />
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/delivery-date/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/delta/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/delta/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/delta/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/delta/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/delta/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/delta/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/delta-hedging/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/delta-hedging/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/delta-hedging/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/delta-hedging/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/delta-hedging/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/delta-hedging/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/delta-hedging/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/derivative/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/derivative/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/derivative/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/derivative/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/derivative/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/designated-contract-market/</loc>
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/designated-contract-market/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/designated-contract-market/" />
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/designated-contract-market/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/digital-coupon-note/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/digital-coupon-note/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/digital-coupon-note/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/digital-coupon-note/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/digital-option/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/digital-option/" />
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<url>
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/discount-factor/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/discount-factor/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/discount-factor/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/discount-factor/" />
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/discount-factor/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/dispersion-trading/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/dispersion-trading/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/dispersion-trading/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/dispersion-trading/</loc>
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/dispersion-trading/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/dispute-resolution/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/dispute-resolution/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/dispute-resolution/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/dispute-resolution/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/dispute-resolution/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/distributed-ledger-technology/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/distributed-ledger-technology/" />
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<loc>https://www.derivatives-compass.org/en/glossary/distributed-ledger-technology/</loc>
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/distributed-ledger-technology/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/dividend/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/dividend/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/dividend/" />
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<loc>https://www.derivatives-compass.org/en/glossary/dividend/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/dividend/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/dividend-equivalent/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/dividend-equivalent/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/dividend-equivalent/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/dividend-equivalent/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/dividend-equivalent/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/dividend-equivalent/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/dividend-equivalent/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/dividend-future/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/dividend-future/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/dividend-future/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/dividend-future/</loc>
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/dividend-future/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/dividend-swap/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/dividend-swap/" />
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/dividend-swap/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/dividend-swap/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/dividend-swap/" />
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/dividend-swap/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/dividend-yield/</loc>
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<loc>https://www.derivatives-compass.org/en/glossary/dividend-yield/</loc>
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/dodd-frank-act/</loc>
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<loc>https://www.derivatives-compass.org/en/glossary/dodd-frank-act/</loc>
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/dodd-frank-act/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/drift/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/drift/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/drift/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/drift/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/drift/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/drift/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/drift/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/dtcc/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/dtcc/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/dtcc/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/dtcc/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/dtcc/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/dtcc/" />
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/dtcc/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/dual-currency-deposit/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/dual-currency-deposit/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/dual-currency-deposit/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/dual-currency-deposit/</loc>
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/dual-currency-deposit/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/dupire-formula/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/dupire-formula/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/dupire-formula/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/dupire-formula/</loc>
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/dupire-formula/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/dv01/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/dv01/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/dv01/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/dv01/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/dv01/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/dva/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/dva/" />
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<loc>https://www.derivatives-compass.org/en/glossary/dva/</loc>
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/early-redemption/</loc>
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/early-redemption/</loc>
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/early-termination/</loc>
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/early-termination/</loc>
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/ecb/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/ecb/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/ecb/</loc>
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/economic-sanctions/</loc>
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<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/economic-sanctions/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/economic-sanctions/</loc>
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/economic-sanctions/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/electronic-trading-platform/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/electronic-trading-platform/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/electronic-trading-platform/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/electronic-trading-platform/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/electronic-trading-platform/</loc>
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/electronic-trading-platform/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/embedded-derivative/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/embedded-derivative/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/embedded-derivative/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/embedded-derivative/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/embedded-derivative/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/embedded-derivative/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/embedded-derivative/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/embedded-derivative/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/emir/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/emir/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/emir/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/emir/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/emir/" />
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/emir/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/emission-allowance/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/emission-allowance/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/emission-allowance/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/emission-allowance/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/emission-allowance/" />
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/emission-allowance/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/end-of-day-batch/</loc>
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/end-of-day-batch/</loc>
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/end-of-day-batch/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/equity-swap/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/equity-swap/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/equity-swap/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/equity-swap/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/equity-swap/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/equity-swap/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/equity-swap/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/esg-linked-derivative/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/esg-linked-derivative/" />
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<loc>https://www.derivatives-compass.org/en/glossary/esg-linked-derivative/</loc>
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/esg-linked-derivative/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/esma/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/esma/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/esma/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/esma/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/esma/" />
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/esma/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/estr/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/estr/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/estr/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/estr/</loc>
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/european-option/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/european-option/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/european-option/" />
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<loc>https://www.derivatives-compass.org/en/glossary/european-option/</loc>
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/event-of-default/</loc>
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/event-of-default/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/event-of-default/</loc>
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/event-of-default/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/exchange-traded-derivative/</loc>
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/exchange-traded-derivative/</loc>
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/exchange-traded-derivative/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/exchangeable-bond/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/exchangeable-bond/" />
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<loc>https://www.derivatives-compass.org/en/glossary/exchangeable-bond/</loc>
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/independent-price-verification/</loc>
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<loc>https://www.derivatives-compass.org/en/glossary/independent-price-verification/</loc>
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/independent-price-verification/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/index-linked-note/</loc>
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/index-linked-note/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/index-linked-note/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/inflation-cap/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/inflation-cap/" />
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<loc>https://www.derivatives-compass.org/en/glossary/inflation-cap/</loc>
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/inflation-floor/</loc>
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<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/inflation-floor/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/inflation-floor/</loc>
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/inflation-linked-bond/</loc>
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/inflation-linked-bond/</loc>
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/inflation-linked-bond/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/inflation-swap/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/inflation-swap/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/inflation-swap/</loc>
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/initial-margin/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/initial-margin/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/initial-margin/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/initial-margin/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/initial-margin/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/insider-trading/</loc>
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/institutional-investor/</loc>
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/insurance-linked-security/</loc>
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/insurance-linked-security/</loc>
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<loc>https://www.derivatives-compass.org/ja/glossary/interest-rate-cap/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/interest-rate-cap/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/interest-rate-cap/" />
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<loc>https://www.derivatives-compass.org/en/glossary/interest-rate-cap/</loc>
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/interest-rate-floor/</loc>
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/interest-rate-floor/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/interest-rate-floor/</loc>
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/interest-rate-futures/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/interest-rate-futures/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/interest-rate-futures/</loc>
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/interest-rate-futures/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/interest-rate-risk/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/interest-rate-risk/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/interest-rate-risk/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/interest-rate-risk/</loc>
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/interest-rate-risk/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/interest-rate-swap/</loc>
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/interest-rate-swap/</loc>
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/internal-audit/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/internal-audit/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/internal-model-method/</loc>
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<url>
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/intrinsic-value/</loc>
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/iosco/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/iosco/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/iosco/" />
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<loc>https://www.derivatives-compass.org/en/glossary/iosco/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/iosco/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/isda/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/isda/" />
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<loc>https://www.derivatives-compass.org/ja/glossary/isda-cdm/</loc>
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/isda-master-agreement/</loc>
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/lockout/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/lockout/" />
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<loc>https://www.derivatives-compass.org/en/glossary/lockout/</loc>
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/lognormal-distribution/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/lognormal-distribution/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/lognormal-distribution/" />
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<loc>https://www.derivatives-compass.org/en/glossary/lognormal-distribution/</loc>
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/lognormal-distribution/" />
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<loc>https://www.derivatives-compass.org/ja/glossary/longevity-risk/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/longevity-risk/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/longevity-risk/" />
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<loc>https://www.derivatives-compass.org/en/glossary/longevity-risk/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/longevity-risk/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/longevity-risk/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/longevity-risk/" />
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<loc>https://www.derivatives-compass.org/ja/glossary/longevity-swap/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/longevity-swap/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/longevity-swap/" />
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<loc>https://www.derivatives-compass.org/en/glossary/longevity-swap/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/longevity-swap/" />
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/longevity-swap/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/lookback/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/lookback/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/lookback/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/lookback/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/lookback/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/lookback-option/</loc>
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/lookback-option/</loc>
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/made-available-to-trade/</loc>
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/made-available-to-trade/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/made-available-to-trade/</loc>
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/major-swap-participant/</loc>
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<loc>https://www.derivatives-compass.org/ja/glossary/mandatory-clearing/</loc>
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/mandatory-clearing/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/margin/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/margin/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/margin/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/margin/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/margin/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/margin/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/margin-call/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/margin-call/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/margin-call/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/margin-call/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/margin-call/" />
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/margin-call/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/margin-period-of-risk/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/margin-period-of-risk/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/margin-period-of-risk/" />
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<loc>https://www.derivatives-compass.org/en/glossary/margin-period-of-risk/</loc>
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/margin-period-of-risk/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/margin-requirements/</loc>
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/mark-to-market/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/mark-to-market/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/mark-to-market/" />
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<url>
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<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/mark-to-market/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/market-data/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/market-data/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/market-data/" />
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<url>
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<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/market-data/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/market-maker/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/market-maker/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/market-maker/</loc>
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/market-manipulation/</loc>
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/market-risk/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/market-risk/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/martingale/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/martingale/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/mas/</loc>
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<loc>https://www.derivatives-compass.org/ja/glossary/material-nonpublic-information/</loc>
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/mean-reversion/</loc>
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/memory-coupon/</loc>
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/middle-office/</loc>
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<loc>https://www.derivatives-compass.org/ja/glossary/mifid-ii/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/mifid-ii/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/mifid-ii/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/mifid-ii/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/mifid-ii/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/mifid-ii/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/mifid-ii/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/mifid-ii/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/glossary/mifir/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/mifir/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/mifir/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/mifir/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/en/glossary/mifir/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/mifir/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/mifir/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/mifir/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/glossary/minimum-transfer-amount/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/minimum-transfer-amount/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/minimum-transfer-amount/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/minimum-transfer-amount/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/en/glossary/minimum-transfer-amount/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/minimum-transfer-amount/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/minimum-transfer-amount/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/minimum-transfer-amount/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/glossary/model-risk/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/model-risk/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/model-risk/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/model-risk/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/en/glossary/model-risk/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/model-risk/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/model-risk/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/model-risk/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/glossary/model-validation/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/model-validation/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/model-validation/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/model-validation/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/en/glossary/model-validation/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/model-validation/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/model-validation/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/model-validation/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/glossary/monte-carlo-method/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/monte-carlo-method/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/monte-carlo-method/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/monte-carlo-method/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/en/glossary/monte-carlo-method/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/monte-carlo-method/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/monte-carlo-method/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/monte-carlo-method/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/glossary/multi-curve-framework/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/multi-curve-framework/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/multi-curve-framework/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/multi-curve-framework/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/en/glossary/multi-curve-framework/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/multi-curve-framework/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/multi-curve-framework/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/multi-curve-framework/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/glossary/multilateral-trading-facility/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/multilateral-trading-facility/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/multilateral-trading-facility/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/multilateral-trading-facility/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/en/glossary/multilateral-trading-facility/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/multilateral-trading-facility/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/multilateral-trading-facility/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/multilateral-trading-facility/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/glossary/mva/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/mva/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/mva/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/mva/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/en/glossary/mva/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/mva/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/mva/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/mva/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/glossary/ndf/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/ndf/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/ndf/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/ndf/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/en/glossary/ndf/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/ndf/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/ndf/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/ndf/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/glossary/net-stable-funding-ratio/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/net-stable-funding-ratio/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/net-stable-funding-ratio/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/net-stable-funding-ratio/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/en/glossary/net-stable-funding-ratio/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/net-stable-funding-ratio/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/net-stable-funding-ratio/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/net-stable-funding-ratio/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/glossary/netting-set/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/netting-set/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/netting-set/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/netting-set/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/en/glossary/netting-set/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/netting-set/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/netting-set/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/netting-set/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/glossary/new-product-approval/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/new-product-approval/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/new-product-approval/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/new-product-approval/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/en/glossary/new-product-approval/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/new-product-approval/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/new-product-approval/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/new-product-approval/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/glossary/nfa/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/nfa/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/nfa/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/nfa/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/en/glossary/nfa/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/nfa/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/nfa/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/nfa/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/glossary/no-arbitrage/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/no-arbitrage/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/no-arbitrage/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/no-arbitrage/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/en/glossary/no-arbitrage/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/no-arbitrage/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/no-arbitrage/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/no-arbitrage/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/glossary/non-modellable-risk-factor/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/non-modellable-risk-factor/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/non-modellable-risk-factor/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/non-modellable-risk-factor/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/en/glossary/non-modellable-risk-factor/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/non-modellable-risk-factor/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/non-modellable-risk-factor/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/non-modellable-risk-factor/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/glossary/non-performance-risk/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/non-performance-risk/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/non-performance-risk/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/non-performance-risk/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/en/glossary/non-performance-risk/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/non-performance-risk/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/non-performance-risk/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/non-performance-risk/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/glossary/normal-distribution/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/normal-distribution/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/normal-distribution/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/normal-distribution/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/en/glossary/normal-distribution/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/normal-distribution/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/normal-distribution/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/normal-distribution/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/glossary/normal-volatility/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/normal-volatility/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/normal-volatility/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/normal-volatility/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/en/glossary/normal-volatility/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/normal-volatility/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/normal-volatility/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/normal-volatility/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/glossary/notes-to-financial-statements/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/notes-to-financial-statements/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/notes-to-financial-statements/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/notes-to-financial-statements/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/notes-to-financial-statements/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/notes-to-financial-statements/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/notes-to-financial-statements/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/notes-to-financial-statements/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/glossary/notional-amount/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/notional-amount/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/notional-amount/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/notional-amount/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/en/glossary/notional-amount/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/notional-amount/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/notional-amount/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/notional-amount/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/glossary/notional-bond/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/notional-bond/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/notional-bond/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/notional-bond/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/en/glossary/notional-bond/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/notional-bond/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/notional-bond/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/notional-bond/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/glossary/novation/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/novation/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/novation/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/novation/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/novation/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/novation/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/novation/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/novation/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/glossary/nth-to-default/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/nth-to-default/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/nth-to-default/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/nth-to-default/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/nth-to-default/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/nth-to-default/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/nth-to-default/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/nth-to-default/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/glossary/numeraire/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/numeraire/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/ny-fed/</loc>
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<loc>https://www.derivatives-compass.org/en/glossary/ny-fed/</loc>
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/objective-function/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/objective-function/" />
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<loc>https://www.derivatives-compass.org/ja/glossary/occ/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/occ/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/occ/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/offsetting-trade/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/offsetting-trade/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/offsetting-trade/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/offsetting-trade/</loc>
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/offsetting-trade/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/ois/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/ois/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/ois/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/ois/</loc>
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/open-interest/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/open-interest/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/open-interest/</loc>
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/operational-risk/</loc>
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<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/operational-risk/" />
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<loc>https://www.derivatives-compass.org/ja/glossary/option/</loc>
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/option-spread/</loc>
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/organised-trading-facility/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/organised-trading-facility/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/organised-trading-facility/</loc>
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/osfi/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/osfi/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/osfi/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/osfi/</loc>
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/otc-derivative/</loc>
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/otc-derivative/</loc>
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/out-of-the-money/</loc>
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/out-of-the-money/</loc>
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/panel-bank/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/panel-bank/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/panel-bank/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/panel-bank/</loc>
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/panel-bank/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/par-rate/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/par-rate/" />
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<url>
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/partial-differential-equation/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/partial-differential-equation/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/partial-differential-equation/</loc>
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/partial-differential-equation/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/path-dependent-option/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/path-dependent-option/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/path-dependent-option/</loc>
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/payment-netting/</loc>
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/payment-netting/</loc>
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/payment-netting/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/payoff/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/payoff/" />
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<loc>https://www.derivatives-compass.org/en/glossary/payoff/</loc>
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<loc>https://www.derivatives-compass.org/ja/glossary/permanent-establishment/</loc>
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<loc>https://www.derivatives-compass.org/en/glossary/permanent-establishment/</loc>
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<loc>https://www.derivatives-compass.org/ja/glossary/perpetual-swap/</loc>
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/pin-risk/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/pin-risk/" />
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<loc>https://www.derivatives-compass.org/en/glossary/pin-risk/</loc>
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/pnl-explain/</loc>
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<loc>https://www.derivatives-compass.org/ja/glossary/portfolio-compression/</loc>
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/portfolio-compression/</loc>
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/portfolio-compression/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/portfolio-reconciliation/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/portfolio-reconciliation/" />
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/portfolio-reconciliation/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/portfolio-reconciliation/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/portfolio-reconciliation/" />
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/portfolio-reconciliation/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/position/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/position/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/position/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/position/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/position/</loc>
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/potential-future-exposure/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/potential-future-exposure/" />
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/potential-future-exposure/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/potential-future-exposure/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/potential-future-exposure/" />
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/potential-future-exposure/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/power-futures/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/power-futures/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/power-futures/</loc>
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/power-futures/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/pra/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/pra/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/pra/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/pra/</loc>
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/prdc/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/prdc/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/prdc/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/prdc/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/prdc/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/prdc/" />
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</url>
<url>
<loc>https://www.derivatives-compass.org/ja/glossary/pre-contract-document/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/pre-contract-document/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/pre-contract-document/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/pre-contract-document/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/pre-contract-document/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/pre-contract-document/" />
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/pre-contract-document/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/precious-metal/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/precious-metal/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/precious-metal/</loc>
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/present-value/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/present-value/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/present-value/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/present-value/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/priips/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/priips/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/priips/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/priips/" />
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/priips/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/product-control/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/product-control/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/product-control/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/product-control/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/product-control/" />
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/product-control/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/product-explanation/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/product-explanation/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/product-explanation/</loc>
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/professional-investor/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/professional-investor/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/professional-investor/</loc>
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/professional-investor/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/property-derivative/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/property-derivative/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/property-derivative/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/property-derivative/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/property-derivative/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/property-derivative/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/property-derivative/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/proprietary-trading/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/proprietary-trading/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/proprietary-trading/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/proprietary-trading/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/proprietary-trading/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/proprietary-trading/" />
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/proprietary-trading/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/glossary/protective-put/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/protective-put/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/protective-put/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/protective-put/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/protective-put/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/protective-put/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/protective-put/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/protective-put/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/glossary/prudent-valuation/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/prudent-valuation/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/prudent-valuation/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/prudent-valuation/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/prudent-valuation/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/prudent-valuation/" />
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/prudent-valuation/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/put-call-parity/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/put-call-parity/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/put-call-parity/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/put-call-parity/</loc>
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/put-call-parity/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/put-option/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/put-option/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/put-option/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/put-option/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/put-option/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/put-option/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/put-option/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/put-option/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/glossary/quadratic-variation/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/quadratic-variation/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/quadratic-variation/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/quadratic-variation/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/quadratic-variation/</loc>
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/quadratic-variation/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/qualified-financial-contract/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/qualified-financial-contract/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/qualified-financial-contract/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/qualified-financial-contract/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/qualified-financial-contract/</loc>
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/qualified-financial-contract/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/quanto-option/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/quanto-option/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/quanto-option/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/quanto-option/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/quanto-option/</loc>
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<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/quanto-option/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/quanto-option/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/random-walk/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/random-walk/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/random-walk/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/random-walk/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/random-walk/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/random-walk/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/random-walk/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/random-walk/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/range-accrual/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/range-accrual/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/range-accrual/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/range-accrual/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/range-accrual/</loc>
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/rate-fixing/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/rate-fixing/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/rate-fixing/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/rate-fixing/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/rate-fixing/" />
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/rate-fixing/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/realized-volatility/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/realized-volatility/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/realized-volatility/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/realized-volatility/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/realized-volatility/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/realized-volatility/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/realized-volatility/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/realized-volatility/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/rebalancing/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/rebalancing/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/rebalancing/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/rebalancing/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/rebalancing/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/rebalancing/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/rebalancing/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/rebalancing/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/glossary/reconciliation/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/reconciliation/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/reconciliation/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/reconciliation/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/reconciliation/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/reconciliation/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/reconciliation/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/reconciliation/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/record-keeping/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/record-keeping/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/record-keeping/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/record-keeping/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/record-keeping/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/record-keeping/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/record-keeping/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/record-keeping/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/recovery-rate/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/recovery-rate/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/recovery-rate/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/recovery-rate/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/recovery-rate/" />
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/recovery-rate/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/reference-entity/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/reference-entity/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/reference-entity/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/reference-entity/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/reference-entity/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/regional-bank/</loc>
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<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/regional-bank/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/regional-bank/</loc>
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/registered-financial-institution/</loc>
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/registered-financial-institution/</loc>
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/registered-financial-institution/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/replacement-cost/</loc>
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<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/replacement-cost/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/replacement-cost/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/replacement-cost/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/replacement-cost/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/replacement-cost/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/glossary/replication/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/replication/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/replication/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/replication/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/replication/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/replication/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/replication/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/replication/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/glossary/repo/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/repo/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/repo/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/repo/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/repo/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/repo/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/repo/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/repo/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/request-for-quote/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/request-for-quote/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/request-for-quote/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/request-for-quote/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/request-for-quote/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/request-for-quote/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/request-for-quote/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/request-for-quote/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/glossary/resolution-planning/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/resolution-planning/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/resolution-planning/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/resolution-planning/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/resolution-planning/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/resolution-planning/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/resolution-planning/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/resolution-planning/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/glossary/resolution-stay/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/resolution-stay/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/resolution-stay/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/resolution-stay/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/en/glossary/resolution-stay/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/resolution-stay/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/resolution-stay/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/resolution-stay/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/glossary/reverse-dual-currency-bond/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/reverse-dual-currency-bond/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/reverse-dual-currency-bond/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/reverse-dual-currency-bond/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/reverse-dual-currency-bond/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/reverse-dual-currency-bond/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/reverse-dual-currency-bond/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/reverse-dual-currency-bond/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/reverse-stress-testing/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/reverse-stress-testing/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/reverse-stress-testing/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/reverse-stress-testing/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/reverse-stress-testing/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/reverse-stress-testing/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/reverse-stress-testing/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/reverse-stress-testing/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/glossary/rho/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/rho/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/rho/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/rho/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/rho/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/rho/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/rho/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/rho/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/right-way-risk/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/right-way-risk/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/right-way-risk/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/right-way-risk/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/right-way-risk/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/right-way-risk/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/right-way-risk/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/right-way-risk/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/risk-appetite/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/risk-appetite/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/risk-appetite/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/risk-appetite/</loc>
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<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/risk-appetite/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/risk-appetite/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/risk-factor/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/risk-factor/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/risk-factor/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/risk-factor/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/risk-factor/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/risk-factor/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/risk-factor/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/risk-factor/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/glossary/risk-free-rate/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/risk-free-rate/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/risk-free-rate/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/risk-free-rate/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/risk-free-rate/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/risk-free-rate/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/risk-free-rate/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/risk-free-rate/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/risk-limit/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/risk-limit/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/risk-limit/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/risk-limit/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/risk-limit/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/risk-limit/" />
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/risk-limit/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/risk-neutral-probability/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/risk-neutral-probability/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/risk-neutral-probability/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/risk-neutral-probability/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/risk-neutral-probability/</loc>
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/risk-neutral-probability/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/risk-neutral-valuation/</loc>
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/risk-reversal/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/risk-reversal/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/risk-weighted-assets/</loc>
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/risk-weighted-assets/</loc>
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<loc>https://www.derivatives-compass.org/ja/glossary/rogue-trading/</loc>
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<loc>https://www.derivatives-compass.org/ja/glossary/sa-ccr/</loc>
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<loc>https://www.derivatives-compass.org/ja/glossary/sa-cva/</loc>
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<loc>https://www.derivatives-compass.org/ja/glossary/sabr-model/</loc>
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<loc>https://www.derivatives-compass.org/en/glossary/sabr-model/</loc>
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/security-based-swap/</loc>
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<loc>https://www.derivatives-compass.org/en/glossary/security-based-swap/</loc>
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/segregation-of-duties/</loc>
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<loc>https://www.derivatives-compass.org/ja/glossary/sensitivity/</loc>
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<loc>https://www.derivatives-compass.org/ja/glossary/settlement-fail/</loc>
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/sfc/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/sfc/" />
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<loc>https://www.derivatives-compass.org/ja/glossary/short-rate-model/</loc>
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<loc>https://www.derivatives-compass.org/ja/glossary/simm/</loc>
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/single-stock-option/</loc>
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<loc>https://www.derivatives-compass.org/ja/glossary/skin-in-the-game/</loc>
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/sofr/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/sofr/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/soft-commodity/</loc>
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<loc>https://www.derivatives-compass.org/ja/glossary/sonia/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/sonia/" />
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<loc>https://www.derivatives-compass.org/ja/glossary/special-quotation/</loc>
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<loc>https://www.derivatives-compass.org/ja/glossary/specified-financial-transaction/</loc>
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<loc>https://www.derivatives-compass.org/ja/glossary/speculation/</loc>
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/spoofing/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/spot-exchange-rate/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/spot-exchange-rate/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/spot-exchange-rate/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/spot-exchange-rate/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/spot-exchange-rate/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/spot-exchange-rate/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/spot-exchange-rate/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/spot-exchange-rate/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/spot-rate/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/spot-rate/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/spot-rate/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/spot-rate/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/spot-rate/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/spot-rate/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/spot-rate/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/spot-rate/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/spread-adjustment/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/spread-adjustment/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/spread-adjustment/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/spread-adjustment/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/spread-adjustment/" />
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/spread-adjustment/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/standard-deviation/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/standard-deviation/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/standard-deviation/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/standard-deviation/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/standard-deviation/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/standard-deviation/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/standard-deviation/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/standard-error/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/standard-error/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/standard-error/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/standard-error/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/en/glossary/standard-error/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/standard-error/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/standard-error/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/standard-error/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/standard-settlement-instructions/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/standard-settlement-instructions/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/standard-settlement-instructions/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/standard-settlement-instructions/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/standard-settlement-instructions/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/standard-settlement-instructions/" />
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/standard-settlement-instructions/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/static-hedge/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/static-hedge/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/static-hedge/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/static-hedge/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/en/glossary/static-hedge/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/static-hedge/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/static-hedge/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/static-hedge/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/stochastic-differential-equation/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/stochastic-differential-equation/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/stochastic-differential-equation/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/stochastic-differential-equation/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/stochastic-differential-equation/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/stochastic-differential-equation/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/stochastic-differential-equation/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/stochastic-differential-equation/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/stochastic-volatility/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/stochastic-volatility/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/stochastic-volatility/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/stochastic-volatility/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/stochastic-volatility/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/stochastic-volatility/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/stochastic-volatility/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/stochastic-volatility/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/stock-index-futures/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/stock-index-futures/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/stock-index-futures/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/stock-index-futures/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/stock-index-futures/</loc>
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/stock-index-futures/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/stock-index-option/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/stock-index-option/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/stock-index-option/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/stock-index-option/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/stock-index-option/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/stock-index-option/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/stock-index-option/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/stock-index-option/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/glossary/straddle/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/straddle/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/straddle/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/straddle/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/straddle/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/straddle/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/straddle/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/straddle/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/glossary/straight-through-processing/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/straight-through-processing/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/straight-through-processing/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/straight-through-processing/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/straight-through-processing/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/straight-through-processing/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/straight-through-processing/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/straight-through-processing/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/strangle/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/strangle/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/strangle/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/strangle/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/strangle/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/strangle/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/strangle/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/strangle/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/glossary/stress-testing/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/stress-testing/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/stress-testing/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/stress-testing/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/stress-testing/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/stress-testing/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/stress-testing/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/stress-testing/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/stressed-var/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/stressed-var/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/stressed-var/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/stressed-var/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/stressed-var/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/stressed-var/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/stressed-var/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/stressed-var/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/glossary/strike-price/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/strike-price/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/strike-price/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/strike-price/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/strike-price/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/strike-price/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/strike-price/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/strike-price/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/glossary/structured-deposit/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/structured-deposit/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/structured-deposit/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/structured-deposit/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/structured-deposit/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/structured-deposit/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/structured-deposit/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/structured-deposit/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/structured-loan/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/structured-loan/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/structured-loan/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/structured-loan/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/structured-loan/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/structured-loan/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/structured-loan/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/structured-loan/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/glossary/structured-note/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/structured-note/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/structured-note/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/structured-note/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/structured-note/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/structured-note/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/structured-note/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/structured-note/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/suitability-principle/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/suitability-principle/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/suitability-principle/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/suitability-principle/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/suitability-principle/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/suitability-principle/" />
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/suitability-principle/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/summary-risk-indicator/</loc>
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<loc>https://www.derivatives-compass.org/en/glossary/summary-risk-indicator/</loc>
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/supervisory-guidelines/</loc>
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/supervisory-guidelines/</loc>
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/supervisory-guidelines/" />
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<loc>https://www.derivatives-compass.org/ja/glossary/swap/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/swap/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/swap/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/swap/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/swap/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/swap/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/swap/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/swap/" />
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<loc>https://www.derivatives-compass.org/ja/glossary/swap-data-repository/</loc>
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<url>
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<url>
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<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/swap-dealer/" />
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<url>
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<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/swap-dealer-de-minimis/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/swap-dealer-de-minimis/</loc>
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/swap-execution-facility/</loc>
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/swap-execution-facility/</loc>
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/swap-execution-facility/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/swaption/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/swaption/" />
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/swaption/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/synthetic-cdo/</loc>
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/synthetic-forward/</loc>
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/systematic-internaliser/</loc>
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/systemic-risk/</loc>
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/tarf/</loc>
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/tax-treaty/</loc>
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/term-rate/</loc>
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/termination-payment/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/termination-payment/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/termination-payment/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/termination-payment/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/theoretical-price/</loc>
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/theoretical-price/</loc>
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/theoretical-price/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/theta/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/theta/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/theta/</loc>
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/three-lines-model/</loc>
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/three-lines-model/</loc>
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/threshold/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/threshold/" />
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<url>
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/tibor/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/tibor/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/tick-size/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/tick-size/" />
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<url>
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<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/tick-size/" />
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<url>
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<url>
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/tlac/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/tlac/" />
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<loc>https://www.derivatives-compass.org/en/glossary/tlac/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/tlac/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/tokenization/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/tokenization/" />
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<loc>https://www.derivatives-compass.org/ja/glossary/torf/</loc>
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/total-return-swap/</loc>
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<loc>https://www.derivatives-compass.org/ja/glossary/trade-allocation/</loc>
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/trade-allocation/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/trade-allocation/" />
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<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/trade-allocation/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/trade-capture/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/trade-capture/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/trade-capture/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/trade-capture/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/trade-capture/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/trade-capture/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/trade-capture/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/trade-capture/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/trade-confirmation/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/trade-confirmation/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/trade-confirmation/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/trade-confirmation/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/trade-confirmation/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/trade-confirmation/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/trade-confirmation/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/trade-confirmation/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/trade-matching/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/trade-matching/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/trade-matching/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/trade-matching/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/trade-matching/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/trade-matching/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/trade-matching/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/trade-matching/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/trade-report/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/trade-report/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/trade-report/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/trade-report/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/trade-report/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/trade-report/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/trade-report/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/trade-report/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/trade-repository/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/trade-repository/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/trade-repository/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/trade-repository/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/trade-repository/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/trade-repository/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/trade-repository/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/trade-repository/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/trading-book-boundary/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/trading-book-boundary/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/trading-book-boundary/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/trading-book-boundary/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/trading-book-boundary/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/trading-book-boundary/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/trading-book-boundary/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/trading-book-boundary/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/traffic-light-approach/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/traffic-light-approach/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/traffic-light-approach/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/traffic-light-approach/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/traffic-light-approach/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/traffic-light-approach/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/traffic-light-approach/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/traffic-light-approach/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/tranche/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/tranche/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/tranche/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/tranche/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/tranche/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/tranche/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/tranche/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/tranche/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/transfer-pricing/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/transfer-pricing/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/transfer-pricing/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/transfer-pricing/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/transfer-pricing/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/transfer-pricing/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/transfer-pricing/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/transfer-pricing/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/glossary/uk-fsa/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/uk-fsa/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/uk-fsa/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/uk-fsa/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/uk-fsa/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/uk-fsa/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/uk-fsa/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/uk-fsa/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/glossary/underlying-asset/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/underlying-asset/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/underlying-asset/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/underlying-asset/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/underlying-asset/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/underlying-asset/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/underlying-asset/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/underlying-asset/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/unsolicited-solicitation/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/unsolicited-solicitation/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/unsolicited-solicitation/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/unsolicited-solicitation/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/unsolicited-solicitation/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/unsolicited-solicitation/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/unsolicited-solicitation/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/unsolicited-solicitation/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/upi/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/upi/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/upi/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/upi/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/upi/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/upi/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/upi/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/upi/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/glossary/us-gaap/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/us-gaap/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/us-gaap/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/us-gaap/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/us-gaap/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/us-gaap/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/us-gaap/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/us-gaap/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/us-sec/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/us-sec/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/us-sec/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/us-sec/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/us-sec/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/us-sec/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/us-sec/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/us-sec/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/uti/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/uti/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/uti/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/uti/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/uti/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/uti/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/uti/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/uti/" />
</url>
<url>
<loc>https://www.derivatives-compass.org/ja/glossary/value-at-risk/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/value-at-risk/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/value-at-risk/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/value-at-risk/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/value-at-risk/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/value-at-risk/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/value-at-risk/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/value-at-risk/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/variance-covariance-method/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/variance-covariance-method/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/variance-covariance-method/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/variance-covariance-method/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/variance-covariance-method/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/variance-covariance-method/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/variance-covariance-method/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/variance-covariance-method/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/variance-swap/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/variance-swap/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/variance-swap/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/variance-swap/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/variance-swap/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/variance-swap/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/variance-swap/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/variance-swap/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/variation-margin/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/variation-margin/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/variation-margin/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/variation-margin/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/variation-margin/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/variation-margin/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/variation-margin/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/variation-margin/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/vega/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/vega/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/vega/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/vega/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/vega/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/vega/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/vega/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/vega/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/vix/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/vix/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/vix/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/vix/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/vix/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/vix/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/vix/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/vix/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/volatility/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/volatility/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/volatility/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/volatility/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/volatility/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/volatility/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/volatility/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/volatility/" />
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<url>
<loc>https://www.derivatives-compass.org/ja/glossary/volatility-risk-premium/</loc>
<xhtml:link rel="alternate" hreflang="ja" href="https://www.derivatives-compass.org/ja/glossary/volatility-risk-premium/" />
<xhtml:link rel="alternate" hreflang="en" href="https://www.derivatives-compass.org/en/glossary/volatility-risk-premium/" />
<xhtml:link rel="alternate" hreflang="x-default" href="https://www.derivatives-compass.org/en/glossary/volatility-risk-premium/" />
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<url>
<loc>https://www.derivatives-compass.org/en/glossary/volatility-risk-premium/</loc>
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<lastmod>2026-09-23</lastmod>
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