清算基金 | 株式会社日本証券クリアリング機構
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清算基金 | 株式会社日本証券クリアリング機構
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This page describes the CDS Clearing Fund managed by Japan Securities Clearing Corporation. Daily, the corporation calculates stress-related risk amounts for CDS clearing participants. The clearing fund requirement is allocated based on initial margin amounts required, with a minimum of 100 million yen per participant. As of December 30, 2025, the total clearing fund requirement across all participants is 24.3 billion yen. The stress scenario assumes the top two participants simultaneously default under extreme but realistic market conditions.
