The firm, which is member of the Japan Exchange Group, has chosen Calypso’s technology for the service.
JSCC has signed up dealers including Citi, Mizuho, Morgan Stanley MUFG, Nomura and RBS.
The service’s attributes include drip-feed clearing, real-time integration with members and affiliates for clearing status, request for consent and collateral deposit/withdrawal.
Calypso’s collateral management system is expected to provide JSCC with real-time headroom checks on segregated accounts. JSCC said it reduces counterparty risk by segregating clients’ accounts from member banks.
Takeshi Hirano, director, strategic planning head, OTC derivatives clearing service, JSCC, said: "The launch of our client clearing service is an essential step for JSCC in expanding its service line in OTC derivatives clearing.
"Calypso's state-of-art technology and flexible platform has significantly contributed to our smooth migration from the current dealer-to-dealer environment to accommodate the wider range of customer services."