Quantile's interest rate compression service is now live at JSCC


Quantile has announced the launch of its compression service at the Japan Securities Clearing Corporation (JSCC). Driven by demand from clearing members for greater choice and more flexibility, the service extends our venue coverage and will enable market participants to compress JPY interest rate swaps to reduce gross notional outstanding.

By eliminating transactions at JSCC through multilateral compression, participants can reduce operational risk, meet regulatory requirements and benefit from capital efficiencies. With the majority of JPY OTC interest rate swaps cleared at JSCC, we can now also use our proven compression process to help JSCC clearing members to reduce gross notional and transition their legacy LIBOR positions to risk-free rates.

Market participants have welcomed the greater degree of choice at JSCC, with the first live execution seeing 7 clearing members take part. We aim to run the service quarterly going forward and continue to onboard additional participants to deliver greater efficiency.

About Quantile

Quantile reduces risk in financial markets, delivering advanced strategies that rebalance and reduce counterparty risk between market participants and market risk, increasing the efficiency and liquidity of markets, improving returns for clients and making the financial system safer.

Since launching its first products in 2017, Quantile has eliminated trillions of dollars of gross notional of OTC derivatives through compression and billions of dollars in margin through its counterparty risk reduction service.

Clients include all of the G15 top tier global banks, regional banks and other large institutional market participants. Quantile is headquartered in London, with offices in New York and Amsterdam (Tokyo coming soon).


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