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JCCH was established on December 24, 2004, to conduct
an independent centralized Clearing-House operation. It is
organized as a stock company owned by all Japanese
Commodity Exchanges and the Japan Commodity Futures Industry
Association which is an association of FCMs.
On May 2, 2005, JCCH started providing clearing and settlement services for
the transactions of all commodity exchanges in Japan.
These services are integral to the efficient operation of all of the commodity
markets, as JCCH imposes itself as the counterparty to each trade.
This service provides a high level of market integrity as it minimizes the risk
of default by either party to each and every transaction. |
The operation of JCCH brings 3 key benefits:
First, JCCH enhances market integrity.
JCCH acts as the counterparty to each transaction, thereby minimizing the risk
of counterparty default to all market participants.
Second, JCCH provides for efficient capital management.
JCCH is the common Clearing - House for commodity exchanges in Japan.
Prior to the establishment of JCCH, FCMs had to provide clearing funds sufficient
to satisfy different exchanges, for both the house account and the customer
account. This required managing some different accounts for clearing and settlement.
Under the JCCH model, each clearing participant maintains one account at JCCH
which is netted based on the daily marking - to - market requirements for all positions
held at all exchanges.
Third, JCCH allows for the streamlining of back office operations for all clearing
participants.
As marking - to - market operation and management of margins are integrated through
JCCH, there is a reduction in error and a simultaneous corresponding cost savings. |
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( As of August 1, 2010) |
| Trade Name |
Japan Commodity Clearing House
Co.,Ltd. |
| Principal Office |
9-4 Nihombashi-Koamicho,
Chuo-ku , Tokyo 103-0016 Japan
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| Tel |
+81-3-5847-7521 |
| Fax |
+81-3-5847-7525 |
| Date of Incorporation |
December 24 , 2004 |
| Capital |
634.35 million Yen |
| Commencement of Operations |
May 2 , 2005 |
| Business Outline |
To provide clearing and settlement services
for the transactions of all commodity exchanges in
Japan
(On April 25,2005 JCCH got permission from the two competent
ministries, which are MAFF(Ministry of Agriculture,Forestry and Fisheries)
and METI(Ministry of Economy,Trade and Industry)) |
| Officers |
9 Directors (2 of whom also sit on the
Board of Directors) ,3 Auditors
| Hideki Takahashi |
CEO, Chairman |
| Masao Horibe |
Executive Vice President |
| Yuichi Ikemizu |
Director |
| Hiroshi Usami |
Director |
| Tadashi Ezaki |
Director |
| Masakazu Kato |
Director |
| Toshitsugu Shimizu |
Director |
| Jitsuo Tatara |
Director |
| Yoshiaki Watanabe |
Director |
| Fuminobu Aruga |
Auditor |
| Jun Masuda |
Auditor |
| Kenichi Sasakura |
Standing Auditor |
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| Staff |
20 |
| Designated commodity market (Business
Rules Article 3) |
Tokyo Grain Exchange Inc. Agricultural Market
Tokyo Grain Exchange Inc. Sugar Market
Kansai Commodities Exchange Agricultural Market
Kansai Commodities Exchange Fisheries Market
Kansai Commodities Exchange Sugar Market
Kansai Commodities Exchange Index Market
Central Japan Commodity Exchange Eggs Market
Central Japan Commodity Exchange Rubber Market
Central Japan Commodity Exchange Precious Metals Market
Central Japan Commodity Exchange Oil Market
Central Japan Commodity Exchange Aluminum Market
Central Japan Commodity Exchange Rubber Index Market
Tokyo Commodity Exchange,Inc. Rubber Market
Tokyo Commodity Exchange,Inc. Precious Metals Market
Tokyo Commodity Exchange,Inc. Oil Market
Tokyo Commodity Exchange,Inc. Aluminum Market
Tokyo Commodity Exchange,Inc. Nikkei-TOCOM Commodity Index Market
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| Shareholders (shareholding ratio) |
| Shareholders |
shareholding ratio |
| Tokyo Commodity Exchange,Inc. |
42.0% |
| Tokyo Grain Exchange Inc. |
21.3% |
| Central Japan Commodity Exchange |
20.0% |
| Kansai Commodities Exchange |
10.1% |
| National Futures Protection Fund |
6.6% |
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| Designated clearing bank |
Mizuho Bank Kobunacho branch
Resona Bank Nihombashi branch , Semba branch
Sumitomo Mitsui Bank Osaka-nishi branch |
Company profile  |
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About
JCCH 
