In November 2014, the Working Group on Shortening of JGB Settlement Cycle (WG) released the "Grand Design for Shortening of JGB Settlement Cycle (T+1)" to illustrate an overview of the policy for the domestic market participants(*) to set T+1 as the standard settlement cycle for outright transactions of Japanese government bonds.

Outline of the Grand Design for Shortening of JGB Settlement Cycle (T+1)

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