Baton Systems has announced its bi-directional integration with the Japanese Securities Clearing Corporation (JSCC) through its Baton Core-Collateral ecosystem.This integration builds on Baton’s existing connections with the Singapore Exchange (SGX), further expanding the network of in the Asia Pacific (APAC) CCPs available through Baton.

The direct connectivity will allow clearing members to receive normalised data from Baton straight from the CCP, eliminating the need for intermediary data transfer. Baton Systems claims in a press release that this will enhance efficiency by enabling real-time balance updates and providing the capability to check eligibility and manage the movement of cash and non-cash collateral to JSCC.

With this new addition, users of Baton’s Core-Collateral can automate and expedite the movement of cash and securities across 13 CCPs via a single platform. This platform also consolidates and normalises real-time updates on required margin, sources of collateral, and eligibility profiles.

Additionally, collateral eligibility data for JSCC will be integrated into Baton’s eligibility application programming interface (API), enabling automated, real-time identification of acceptable collateral assets. This aims to improve collateral management processes and ensure compliance with CCP requirements.