| Markit JSCC Settlement Prices are the daily official prices used by Japan Securities Clearing Corporation in their risk management processes. The settlements include Markit iTraxx Japan indices and will expand over time. |
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| Product summary: |
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Markit JSCC Settlement Prices are daily price and spread levels for all instruments cleared by JSCC. Markit JSCC Settlement Prices are calculated through a daily settlement price calculation process using contributions from clearing members.
The universe of instruments available will mirror that of cleared instruments by JSCC. Clients can retrieve the data through an automated feed or through a report downloaded from Markit's website. |
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| Key benefits: |
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| Multi-sourced contributions result in the creation of an unbiased and objective price |
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| High quality inputs are used in the creation of the Markit JSCC Settlement Prices as the data are contributed by those clearing members with an open position at JSCC |
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| Continually increasing coverage as more instruments are cleared |
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| Easy integration into internal systems or third party solutions via flexible delivery mechanisms |
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| Key functions: |
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| Prices are those used for margining and risk purposes by JSCC |
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| Seamless integration with industry standard CDS identifier Markit RED |
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| Reports available in CSV, Tab, and XML formats, either through automated download or through a web front-end |
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