Mr. Masato Ui, Director, Payment and Settlement Systems Department, Bank of Japan

Mr. Nicolas Tollie, Head of Capital Markets and Japan Representative, Sia Partners KK

In the first half of 2018 the new framework to shorten JGB settlement cycle to T+1 will be implemented and, ahead of that, the necessary infrastructure is being put in place.

Mr. Ui, Director of the Payment and Settlement Systems Department at BOJ will discuss current issues related to the programme. He will set out:

Initiatives to reduce settlement risk after the Lehman crisis
Shortening of the JGB settlement cycle (T+1)
Challenges for cross-border transactions
Development of the new BOJ-NET

In the second part of the presentation, Mr. Tollie from Sia Partners will examine the change from the users’ prospective: he will present the results of their market readiness survey, an operation model and  an infrastructure-readiness timeframe to prepare for this change. The presentation will also cover:

Special collateral repo and general collateral T+0 repo.
Key challenges for market participants to comply with the JGB T+1 Working Group guidelines. guidelines.