JSCC integrates with Baton Systems
26 July 2024 UK
Image: Stockbym/stock.adobe.com
The Japanese Securities Clearing Corporation (JSCC) has joined the Baton Core-Collateral Ecosystem.
The firms say the integration will enable JSCC clearing members to access the largest CCP in APAC and receive normalised data directly from Baton, enhancing efficiency when overseeing real-time balances and the movement of securities.
Additionally, JSCC will be integrated onto Baton’s eligibility API to assist with the real-time determination of collateral assets.
Commenting on the integration, Tucker Dona, head of business development and client success at Baton, states: “The addition of JSCC to the Baton Core-Collateral ecosystem is a big step to increasing access to the most strategically important CCPs. As a result, we are able to assist more FCMs and Clearing Members globally to automate and optimise a significant proportion of their collateral holdings.”
Yashuhiko Tamura, executive officer of OTC Derivatives Clearing Services at JSCC, adds: “This will provide our Clearing Members with greater post-trade operational efficiency, through Baton’s ability to provide real-time intraday balances”.
The firms say the integration will enable JSCC clearing members to access the largest CCP in APAC and receive normalised data directly from Baton, enhancing efficiency when overseeing real-time balances and the movement of securities.
Additionally, JSCC will be integrated onto Baton’s eligibility API to assist with the real-time determination of collateral assets.
Commenting on the integration, Tucker Dona, head of business development and client success at Baton, states: “The addition of JSCC to the Baton Core-Collateral ecosystem is a big step to increasing access to the most strategically important CCPs. As a result, we are able to assist more FCMs and Clearing Members globally to automate and optimise a significant proportion of their collateral holdings.”
Yashuhiko Tamura, executive officer of OTC Derivatives Clearing Services at JSCC, adds: “This will provide our Clearing Members with greater post-trade operational efficiency, through Baton’s ability to provide real-time intraday balances”.
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