Japan Exchange Group, Inc. · TSE:8697
Japan Exchange — Investor Day (July 2024)
14 slides from Japan Exchange's investor day presentation, Jul 2, 2024
Slide 1: Clearing Services
JPX Investor Day 2024 Clearing Services Japan Securities Clearing Corporation President & CEO Konuma, Yasuyuki July 2, 2024 © 2024 Japan Exchange Group, Inc., and/or its affiliates
Slide 2: Contents
Contents １．Overview of JSCC's Business ２．Current Initiatives on Clearing Services © 2024 Japan Exchange Group, Inc., and/or its affiliates 2
Slide 3: Contents
Contents １．Overview of JSCC's Business ２．Current Initiatives on Clearing Services © 2024 Japan Exchange Group, Inc., and/or its affiliates 3
Slide 4: JSCC Overview
JSCC Overview JSCC offers clearing functionality for a wide variety of transactions in Japanese domestic financial and commodity markets. Exchange Transaction, etc. OTC Transaction Tokyo SE Nagoya SE Securities companies, Banks, etc. Sapporo SE Osaka Exchange Trading Fukuoka SE TOCOM PTS ODEX OTC
Slide 5: Revenue
Revenue Operating revenues are expanding moderately, mainly from improved market conditions and increase in OTC derivatives clearing volume. Majority of the revenues are from exchange-traded transactions (equities and listed derivatives), but revenue from off-exchange transactions (OTC derivativ
Slide 6: (Reference) Cash Equities Clearing Value
(Reference) Cash Equities Clearing Value The clearing value has been steadily increasing over the past few years, with a particularly remarkable increase since the middle of last year Average Daily Clearing Value (Exchange and PTS transactions, etc., one-way) （Trillion JPY） 9 8 7 6 5 4 3 2 1 0 201
Slide 7: (Reference) Value of Deposited Collateral
（Reference） Value of Deposited Collateral The value of collaterals deposited with JSCC has steadily increased with an expansion of the scope of clearing coverage and the clearing volume increase. (JSCC is currently studying how we can use deposited collaterals effectively to be ready for possibl
Slide 8: Contents
Contents １．Overview of JSCC's Business ２．Current Initiatives on Clearing Services © 2024 Japan Exchange Group, Inc., and/or its affiliates 8
Slide 9: Competitive and Regulatory Environment
Competitive and Regulatory Environment Competitive environment differs depending on cleared market. Market Competitive Environment Listed Cash Equities JSCC clears all trades on Japanese domestic exchanges and PTS （Stock / ETF） Listed Derivatives Exchanges/Clearinghouses compete globally（CME/SGX）
Slide 10: Business Environment
Business Environment The business environment surrounding JSCC is ceaselessly changing, including JPY interest rate trend and progress in the use of distributed ledger technology (DLT). Todayʼs presentation focuses on three topics: (1) changes in JPY interest rate environment, (2) progress in th
Slide 11: Changes in Interest Rate Environment
Changes in Interest Rate Environment - Further Expansion of Clearing of JPY Interest Rate-related Products Increased expectations of monetary policy revisions have attracted domestic and international attention, leading to active trading and clearing of JPY interest rate-related products Leverag
Slide 12: Progress in Use of Advanced IT
Progress in Use of Advanced IT - DLT Utilization in Delivery/Settlement of Commodity Futures JSCC pursues the use of new technologies in existing operations, such as settlement by delivery, from the perspective of improving operational efficiency. In January 2023, tokenization of delivery order
Slide 13: Introduction of VaR Margin Framework for Listed Derivatives
Introduction of VaR Margin Framework for Listed Derivatives In November 2023, the margin calculation method for listed derivatives transactions was shifted from SPAN🄬 to VaR. （※） EUREX (Europe) and OCC (US) have already transitioned, and ICE (US) and CME are in the process of the phase-in…
Slide 14: Disclaimer
Disclaimer - This English version is not an official translation of the original Japanese materials. In cases where any differences occur between the English version and the original Japanese version, the Japanese version shall prevail. Japan Exchange Group, Inc. (“JPX”) and its subsidiaries, includ