JPN SDEC Collateral Value Rate Rules


On Dec. 17, JPN SDEC revised business rules re collateral value rates.


  • JPN SDEC said it has revised the Handling of business rules with regard to collateral value rates for the general book-entry transfer delivery versus payment (DVP) system.
  • In light of the collateral value rates for government bond securities revised by JPN CB.
  • Adjusted the rate to be multiplied by market value to 95/100 from 96/100 for government bond securities with remaining maturity of 20-30 years, to 94/100 from 95/100 for principal-only and interest-only book-entry transfer government bonds.
  • Follows JPN CB Oct. 2024 revised collateral value, JGBs' market value ratio, #229550.
  • Effectiveness
  • The revised rules will be implemented from Jan. 17, 2025.

Regulators JPN SDEC
Entity Types B/D; Depo; Exch
Reference RF 12/17/2024
Functions Actuarial and Valuation; Compliance; Financial; Risk; Settlement; Trading; Treasury
Countries Japan
Category
State
Products Clearing; Custody; Deposits; Fixed Income; Securities
Regions AP
Rule Type Final
Rule Date 12/17/2024
Effective Date 1/17/2025
Rule Id 237380
Linked to Rule :229550
Reg. Last Update 12/17/2024
Report Section International

Last substantive update on 12/19/2024