Published On: Wed, Nov 26th, 2014

Shortening Of Period From Last Trading Day To Day Of Settlement By Physical Delivery And Payment Of JGB Futures

Atsushi Saito, JPX Group CEO -

Atsushi Saito, JPX Group CEO –

The changes to the taxation system for public and corporate bonds that are made from the perspective of advancing the integration of taxation on financial income and gains in FY 2013 Tax Reform will come into effect on January 1, 2016.

With these changes, Osaka Exchange, Inc. (OSE) will make the necessary revisions for JGB Futures Contracts, such as changing the calculation method of accrued interests in Settlement by Physical Delivery and Payment and shortening the period from the last trading day to the Day of Settlement by Physical Delivery and Payment for two business days, from the perspective of reducing settlement risk and expanding trading opportunities.

OSE will invite public comments on this matter. If you have any comments, please submit them to OSE.

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