The Bank of Japan has announced that from 19 January 2004, all JGB trades that it settles on behalf of non-residents will be settled on a real time DVP basis through its RTGS system. It means that anybody trading JGBs with custody clients of the central bank – chiefly sovereign entities – can settle earlier in the day.
Earlier JGB Settlement In Prospect As Bank Of Japan Offers Real Time DvP To Its Custody Clients
The Bank of Japan has announced that from 19 January 2004, all JGB trades that it settles on behalf of non residents will be settled on a real time DVP basis through its RTGS system. It means that anybody trading