Release of the “Quantitative Disclosure pursuant to PFMIs”

TFX has released the “Quantitative Disclosure pursuant to PFMIs(*1)” on December 25, 2015, in accordance with the “Public quantitative disclosure standards for central counterparties” published by CPMI-IOSCO (*2) in February 2015.

This Quantitative Disclosure describes TFX's compliance with the PFMIs together with the Qualitative Disclosure released on July 7, 2015.

（*１）PFMIs (Principles for Financial Market Infrastructures) are new international standards published by CPSS-IOSCO in April 2012 that require Financial Market Infrastructure to adhere to its twenty-four (24) principles, such as “General organization”, “Credit and liquidity risk management”, “Default management”, “General business and operational risk management”, “Access”, “Efficiency”　 and “Transparency”.
 (*2)　CPMI (Committee on Payments and Market Infrastructures) and IOSCO (International Organization of Securities Commissions ) are organizations composed of central banks and securities markets regulators, respectively, and are working together to establish international standards for Clearing Organization and other FMIs. These efforts have resulted in the PFMI, which specify high standards, including those for FMI organization, credit/liquidity risk management, default management, effectiveness, and transparency. “CPSS (Committee on Payment and Settlement Systems)-IOSCO” at the time of release.

For “Quantitative Disclosure pursuant to PFMIs”, please refer to the below URL
http://www.tfx.co.jp/en/about_tfx/fmi2_e.html

For “Qualitative Disclosure pursuant to PFMIs”, please refer to the below
Qualitative Disclosure

---

- Contact us -
Tokyo Financial Exchange, Inc.
Corporate Planning Office


-ends-