Tuesday October 3 2017
News Source: Global Exchanges
Focus: Other
Type: General
Country: Japan
Link: https://www.jpx.co.jp/jscc/en/cimhll00000001ri-att/Outline_T2_E.pdf
The Japan Securities Clearing Corporation (JSCC) has published a revision document which outlines the procedure for implementing a T+2 Settlement cycle for transactions on the Japanese Exchange.
The JSSC has set a target date for the implementation of the Settlement Cycle. The JSSC expects the cycle to be in force by the first business day after the consecutive holidays in April or May 2019 as the targeted implementation date.
For this to occur the JSCC has stated that it will proceed with ongoing revisions to its buy-in and close-out procedures alongside changes to Settlement Notification and Cut-off times.
For additional Information please click the link above