www.jpx.co.jp/jscc/seisan/tentou/Clearing_Fund_Sponsored_Scheme.html

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清算基金スポンサー制度について | 株式会社日本証券クリアリング機構

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https://www.jpx.co.jp/jscc/seisan/tentou/Clearing_Fund_Sponsored_Scheme.html

About this page

This page describes Japan Securities Clearing Corporation's Clearing Fund Sponsor Scheme for over-the-counter government bond clearing transactions, which commenced on June 23, 2025. The scheme allows market participants with difficulty bearing clearing fund obligations (sponsor users) to have their funds covered by other clearing participants (sponsors), enabling wider market participation. Sponsors must meet requirements including net assets of at least 10 billion yen and appropriate operational systems. Sponsor users can designate one or multiple sponsors with backup options. The procedure involves submitting application documents, and there are no usage fees.