JPN SCC proposed revising its clearing system in line with the new trading hours of TSE, OSX, and TOCOM, which are scheduled to be implemented on Nov. 5, 2024.
Follows May 2023 JPN EXC proposed new trading system trading hours, see #172194.
Adjustments
Business, settlement deadlines intact for listed spot clearing, ETF creation/redemption.
Re listed spot market, delivery time of T+0 summary tables pushed back by 30 mins.
For listed derivatives clearing, deadlines for reporting position transfer and application for approval will change to 2:30pm from 2:00pm on day of intended position transfer.
Deadlines for reporting, settlement re other position confirmation types intact; clearing price confirmation/notice and margin parameter notice deadlines extended by 30 mins.
Consultation Period
Comments by Jun. 10, 2023 for planned implementation from Nov. 5, 2024.
Oct. 2023 Finalized Revisions
On Oct. 12, 2023, JPN SCC issued the revised (handling of) business rules due to changes in trading hours of TSE, etc., which will be implemented from Nov. 5, 2024.
However, the effective date will be determined by JPN SCC, where there is an issue with the operation of a system required for settlement or another unavoidable reason.
