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Implementation Date of T+2 Stock Settlement Cycle

2018/05/28

The Working Group on Shortening Stock Settlement Cycle (WG), for which JSCC (Japan Securities Clearing Corporation), TSE (Tokyo Stock Exchange) and JSDA (Japan Securities Dealers Association) act as its secretariat, has worked on realization of shortening stock settlement cycle in Japan (change of settlement cycle to T+2). On June 30, 2016, the WG published "Final Report of the Working Group on Shortening Stock Settlement Cycle in the Japanese Market", which included results of the discussions at the WG.
Today, through deliberation at the Council on Securities Delivery and Clearing/Settlement Systems Reform, which is the upper body of the WG, it was decided that the scheduled implementation date of the T+2 settlement cycle is Tuesday, July 16, 2019 (trade date basis).

This release is also published on JSDA's website as below

http://www.jsda.or.jp/en/activities/research-studies/html/t2_final_report.html


【Contact point】
Japan Securities Clearing Corporation, Listed Products Clearing Service
TEL: +81 50-3361-1795
E-mail: jscc-t2@jpx.co.jp