For PRO-BOND Investors

Trading and Settlement System

Update : Sep. 07, 2012


Trading and settlement system

The TOKYO PRO-BOND Market allows bonds to be traded either through the exchange or over-the-counter.
The TOKYO PRO-BOND Market provides a trading system as outlined below.

Trading Days Every day with the exception of non-business days (Sundays, national holidays, national holidays observed the preceding or following day, Saturdays, January 1 -3, and December 31).
Trading Hours Order acceptance and trading hours are 12:30 to 15:00.
Trading session and trading method
Trades are conducted in order of offer time and price; intraday trading only.
Trading other than trading via the trading system.
Minimum Tick Yen-denominated bonds are traded at 0.01 points per 100 yen of face value, and foreign-currency-denominated bonds at 0.01 points per 100 points.
Announcement of contract price Announcements are made once a day on the website of the Exchange. (Trading values for foreign-currency-denominated bonds are also converted into yen.)

•Settlements for trading in corporate bonds completed on PRO-BOND are made through the Japan Securities Clearing Corporation. Clearance and settlement of foreign-currency-denominated bonds is made at the trading value converted into yen by the Exchange.
•Securities settlements are conducted through the Japan Securities Depositary Center, Inc. (JASDEC).

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