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Japan Accepts USD Cash Collateral in IRS Clearing

  • Japan Securities Clearing Corporation (JSCC) has added USD cash as eligible collateral in its IRS Clearing Service.
  • USD cash collateral will be managed through sponsored repo transactions in collaboration with State Street Trust Bank.
  • This milestone aims to provide safe custody and efficient collateral management for JSCC's clearing participants and customers globally.
  • JSCC and State Street Trust Bank will work together to support market participants in Japan and unlock greater benefits.

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