JAPAN: JPX Shortens Settlement Cycle for Government Bonds

Tuesday January 30 2018

The Japanese Exchange Group (JPX) has shortened the settlement cycle for Government Bonds to T+1.

The “Working Group on Shortening of JGB Settlement Cycle” of Japan Securities Dealers Association has concluded that the Shortened Settlement Cycle will facilitate the introduction of new trading methods for General Collateral (GC) Repo Transactions on contracts issued in May 2018.

Furthermore, in light of these changes the Japan Securities Clearing Corporation ( JSCC) has concluded that inflation-indexed JGB shall be subject to JGB OTC clearing business in conjunction with shortening of the settlement cycle for JGB.

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