Additional Collateral and Settlement Risks for Derivatives in the Event of a Credit Rating Downgrade
First written in FY2017-Q3. 10 of 23 entries say "Mitigated", first in FY2018-Q1. Latest entry: FY2026-H1.
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- FY2026-H1MitigatedAnnual report
「If the long-term credit rating were downgraded by 1 notch as of the end of the current interim consolidated accounting period, the amount required to post additional collateral or settle the transactions would be ¥5 billion.」
The additional collateral and settlement burden following a 1-notch downgrade decreased from ¥8 billion in the previous disclosure to ¥5 billion. - FY2025-H1WorsenedAnnual report
「If the long-term credit rating were downgraded by 1 notch as of the end of the current interim consolidated accounting period, the amount required to post additional collateral or settle the transactions would be ¥8 billion.」
The additional collateral and settlement burden following a 1-notch downgrade decreased from ¥27 billion at the end of March 2024 to ¥8 billion. It increased from the previous disclosure. - FY2024-Q3MitigatedAnnual report
「If the long-term credit rating were downgraded by 1 notch as of the end of the current third-quarter consolidated accounting period, the amount required to post additional collateral or settle the transactions would be ¥7 billion.」
The additional collateral and settlement burden following a 1-notch downgrade decreased from ¥11 billion at the end of June 2023 to ¥7 billion. - FY2024-Q1WorsenedAnnual report
「If the long-term credit rating were downgraded by 1 notch as of the end of the current first-quarter consolidated accounting period, the amount required to post additional collateral or settle the transactions would be ¥11 billion.」
The additional collateral and settlement burden following a 1-notch downgrade increased from ¥9 billion in the previous disclosure to ¥11 billion. - FY2023-Q3MitigatedAnnual report
「If the long-term credit rating were downgraded by 1 notch as of the end of the current third-quarter consolidated accounting period, the amount required to post additional collateral or settle the transactions would be ¥9 billion.」
The additional collateral and settlement burden following a 1-notch downgrade decreased from ¥29 billion at the end of the previous quarter to ¥9 billion. - FY2023-Q2WorsenedAnnual report
「If the long-term credit rating were downgraded by 1 notch as of the end of the current second-quarter consolidated accounting period, the amount required to post additional collateral or settle the transactions would be ¥29 billion.」
The additional collateral and settlement burden following a 1-notch downgrade increased from ¥1 billion at the end of the previous consolidated fiscal year to ¥29 billion. - FY2023-Q1WorsenedAnnual report
「If the long-term credit rating were downgraded by 1 notch as of the end of the current first-quarter consolidated accounting period, the amount required to post additional collateral or settle the transactions would be ¥14 billion.」
The additional collateral and settlement burden following a 1-notch downgrade increased from ¥1 billion at the end of the previous consolidated fiscal year to ¥14 billion. - FY2022-Q3RestatedAnnual report
「If the long-term credit rating were downgraded by 1 notch as of the end of the current third-quarter consolidated accounting period, the amount required to post additional collateral or settle the transactions would be ¥2 billion.」
The additional collateral and settlement burden following a 1-notch downgrade was unchanged at ¥2 billion from the previous disclosure. - FY2022-Q2RestatedAnnual report
「If the long-term credit rating were downgraded by 1 notch as of the end of the current second-quarter consolidated accounting period, the amount required to post additional collateral or settle the transactions would be ¥2 billion.」
The additional collateral and settlement burden following a 1-notch downgrade was unchanged at ¥2 billion from the previous disclosure. - FY2022-Q1WorsenedAnnual report
「If the long-term credit rating were downgraded by 1 notch as of the end of the current first-quarter consolidated accounting period, the amount required to post additional collateral or settle the transactions would be ¥2 billion.」
The additional collateral and settlement burden following a 1-notch downgrade increased from ¥1 billion in the previous disclosure to ¥2 billion. - FY2021-Q3WorsenedAnnual report
「If the long-term credit rating were downgraded by 1 notch as of the end of the current third-quarter consolidated accounting period, the amount required to post additional collateral or settle the transactions would be ¥1 billion.」
The additional collateral and settlement burden following a 1-notch downgrade increased from ¥0 billion at the end of the previous quarter to ¥1 billion. - FY2021-Q2RestatedAnnual report
「If the long-term credit rating were downgraded by 1 notch as of the end of the current second-quarter consolidated accounting period, the amount required to post additional collateral or settle the transactions would be ¥0 billion.」
The additional collateral and settlement burden following a 1-notch downgrade was unchanged at ¥0 billion from the end of the previous quarter. - FY2021-Q1MitigatedAnnual report
「If the long-term credit rating were downgraded by 1 notch as of the end of the current first-quarter consolidated accounting period, the amount required to post additional collateral or settle the transactions would be ¥0 billion.」
The additional collateral and settlement burden following a 1-notch downgrade fell from ¥4 billion in the previous disclosure to ¥0 billion. - FY2020-Q3WorsenedAnnual report
「If the long-term credit rating were downgraded by 1 notch as of the end of the current third-quarter consolidated accounting period, the amount required to post additional collateral or settle the transactions would be ¥4 billion.」
The additional collateral and settlement burden following a 1-notch downgrade increased from ¥0 billion at the end of the previous quarter to ¥4 billion. - FY2020-Q2RestatedAnnual report
「If the long-term credit rating were downgraded by 1 notch as of the end of the current second-quarter consolidated accounting period, the amount required to post additional collateral or settle the transactions would be ¥0 billion.」
The additional collateral and settlement burden following a 1-notch downgrade was unchanged at ¥0 billion from the end of the previous period. - FY2020-Q1MitigatedAnnual report
「If the long-term credit rating were downgraded by 1 notch as of the end of the current first-quarter consolidated accounting period, the amount required to post additional collateral or settle the transactions would be ¥0 billion.」
The additional collateral and settlement burden following a 1-notch downgrade fell from ¥3 billion at the end of the previous period to ¥0 billion. - FY2019-Q3MitigatedAnnual report
「If the long-term credit rating were downgraded by 1 notch as of the end of the current third-quarter consolidated accounting period, the amount required to post additional collateral or settle the transactions would be ¥4 billion.」
The additional collateral and settlement burden following a 1-notch downgrade decreased from ¥8 billion at the end of the previous quarter to ¥4 billion. - FY2019-Q2WorsenedAnnual report
「If the long-term credit rating were downgraded by 1 notch as of the end of the current second-quarter consolidated accounting period, the amount required to post additional collateral or settle the transactions would be ¥8 billion.」
The additional collateral and settlement burden following a 1-notch downgrade increased from ¥2 billion at the end of the previous quarter to ¥8 billion. - FY2019-Q1MitigatedAnnual report
「If the long-term credit rating were downgraded by 1 notch as of the end of the current first-quarter consolidated accounting period, the amount required to post additional collateral or settle the transactions would be ¥2 billion.」
The additional collateral and settlement burden following a 1-notch downgrade decreased from ¥3 billion to ¥2 billion. - FY2018-Q3MitigatedAnnual report
「If the long-term credit rating were downgraded by 1 notch as of the end of the current third-quarter consolidated accounting period, the amount required to post additional collateral or settle the transactions would be ¥3 billion.」
The additional collateral and settlement burden following a 1-notch downgrade decreased from ¥4 billion to ¥3 billion. - FY2018-Q2MitigatedAnnual report
「If the long-term credit rating were downgraded by 1 notch as of the end of the current second-quarter consolidated accounting period, the amount required to post additional collateral or settle the transactions would be ¥3 billion.」
The additional collateral and settlement burden following a 1-notch downgrade decreased from ¥4 billion to ¥3 billion. - FY2018-Q1MitigatedAnnual report
「If the long-term credit rating were downgraded by 1 notch as of the end of the current first-quarter consolidated accounting period, the amount required to post additional collateral or settle the transactions would be ¥4 billion.」
The additional collateral and settlement burden following a 1-notch downgrade decreased from ¥8 billion to ¥4 billion. - FY2017-Q3First statedAnnual report
「At the end of the current third-quarter consolidated accounting period, the aggregate fair value of derivative products recognized on the liabilities side and containing credit-risk-related contingent provisions was ¥518 billion, against which ¥459 billion of collateral had been posted. If the long-term credit rating were downgraded by 1 notch as of the end of the current third-quarter consolidated accounting period, the amount required to post additional collateral or settle the transactions would be ¥8 billion.」
Specifically disclosed the potential burden of posting additional collateral or settling transactions following a 1-notch downgrade in the long-term credit rating as a contingent event under derivative contracts.