Derivatives – Equities / Interest Rates / Currency / Commodity

 

The role of the JSE Clearing and Settlement division - Derivatives Market:

JSE Clears (formerly Safcom - The Safex Clearing Company (Pty) Ltd) is the central counterparty (CCP) for the JSE Derivatives Markets. The Clearing and Settlement division monitors settlement for these markets.

 

The functions of the JSE Clearing and Settlement division - Derivatives Market:

The Derivatives Operations team is responsible for the smooth running of the clearing and settlement processes related to trades done on the following markets:

  1. Equity Derivatives (JSE Clears - formerly Safcom);
  2. Interest Rate Derivatives (IRC); and
  3. Currency Derivatives (IRC).

 

Please click here for details of the Clearing and Settlement of Commodity Derivatives

At the end of every trading day, the JSE initiates a process of clearing and settlement. All trades in derivative products that have been matched by the JSE's Derivative trading system (Nutron) are cleared. The Derivatives Operations team reconciles to clearing members during this process and cash movements must be done by 12:00 the following business day.

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