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JSDA Rules / Guidelines

JSDA Guidelines

In order to facilitate transactions by securities market participants, reduce settlement risks and ensure smooth settlement of transactions, Japan Securities Dealers Association (JSDA) has formulated various guidelines regarding market practices, etc. that market participants should observe. However, these guidelines do not constitute any restrictions whatsoever on the legal rights of market participants.

  1. Book-Entry Transfer Guidelines for “Corporate Bonds”(October 2015 Version)
  2. The Japanese Government Securities Guidelines for Real Time Gross Settlement (October 2015 Version)
    *Click here for T+1 Settlement Version (These Guidelines will take effect during the first half of FY2018)
  3. Practical Guidelines for Handling of Fails Charges (May 2013 Version)
  4. Questions & Answers about Settlements under "Japanese Government Securities Guidelines for Real Time Gross Settlement" and "Guidelines for Practical Handling of Fails Charge" (November 2010 Version)
  5. (Practical Guidelines for Handling of Fails Charges Annex1)Model form for prior notice of introduction of Fails Charges Trading Practice (Nobember 2010 Version)
  6. (Practical Guidelines for Handling of Fails Charges Annex2)Sample wording to be described in an trade confirmation, etc. when introducing Fails Charges (Nobember 2010 Version)
  7. JSDA Guideline for When-Issued Transactions of Japanese Government Bonds (October 2003 Version)

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