Japanese regulator the Financial Services Agency has issued a licence to operate to the JASDEC DVP Clearing Corporation (JDCC), the subsidiary of Japan Securities Depository Center, Inc., which will perform the central counterparty function for non-exchange traded transactions JDCC is scheduled to start operations on 17 May. Industry-wide tests are currently being performed on weekends.
Japanese Regulator Issues Operating Licence To JASDEC CCP
Japanese regulator the Financial Services Agency has issued a licence to operate to the JASDEC DVP Clearing Corporation (JDCC), the subsidiary of Japan Securities Depository Center, Inc., which will perform the central counterparty function for non exchange traded transactions JDCC
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