Japanese CSD JASDEC held industry-wide system tests over the weekend just passed ahead of the introduction of delivery versus payment (DVP) settlement of non-exchange stock transactions. The new settlement system is scheduled to start on 17 May 2004. Custodian banks and securities houses participated in the tests.
JASDEC Completes Testing Of DVP For Non-Exchange Transactions
Japanese CSD JASDEC held industry wide system tests over the weekend just passed ahead of the introduction of delivery versus payment (DVP) settlement of non exchange stock transactions. The new settlement system is scheduled to start on 17 May 2004.
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