JASDEC Administers Book-Entry Of Foreign Stocks Listed On TSE And OSE

Tokyo Stock Exchange publicized that it would begin to work with relating entities on a project to change the Transfer Institution for book entry transfer of foreign stocks listed on the stock exchange from Japan Securities Settlement and Custody, Inc.

By None

Tokyo Stock Exchange publicized that it would begin to work with relating entities on a project to change the Transfer Institution for book-entry transfer of foreign stocks listed on the stock exchange from Japan Securities Settlement and Custody, Inc. (JSSC) to Japan Securities Depository Center, Inc (JASDEC).

The JSSC, a wholly-owned subsidiary of the TSE, has been acting as the Transfer Institution for the book-entry transfer of foreign stocks listed on TSE since 1973, when the TSE opened a market for foreign stocks with itself.

JASDEC is going to establish an internal sub-committee for the project in November 2005, and relevant entities such as securities houses and sub-custodians will participate in the sub-committee to decide the details of the project. Tentatively, JASDEC is scheduled to begin to act as Transfer Institution in place of the JSSC around March through April 2006.

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