The enlarged Japanese CSD JASDEC held industry-wide tests on over the weekend of 10-11 January ahead of the introduction of delivery-versus-payment (DvP) for non-exchange equity transactions. The tests were concluded successfully, reports a spokesman for the Sumitomo Mitsui Banking Corporation (SMBC) in Tokyo. Further tests will follow over the weekend of 24-25 January. The live implementation of DvP settlement is scheduled for 17 May.
JASDEC Tests DvP For Non-Exchange Transactions Successfully
The enlarged Japanese CSD JASDEC held industry wide tests on over the weekend of 10 11 January ahead of the introduction of delivery versus payment (DvP) for non exchange equity transactions. The tests were concluded successfully, reports a spokesman for