Procedure for Acquiring Clearing Qualifications
Prior Consultation
Detailed explanation is given for your reference. It covers our company’s clearing /settlement system as a whole, the procedure for acquiring clearing qualifications, the procedure for operating the equipment for the related system, etc. Requests for consultations are accepted at any time. (About 3 to 6 months before the preferred date of participation)
Preparation/Submission of Application
You are required to prepare/submit the application for clearing qualifications. (Note 1)
Review of Application
Your application is reviewed to ensure that it meets with our company’s requirements for acquiring clearing qualifications.
Approval of Clearing Qualifications
If your application satisfies the requirements, your acquisition of clearing qualifications is approved by designating the date of granting your qualifications. (About 2 weeks before the date of granting your qualifications)
Prior Deposit of Clearing Funds
You are required to deposit a fixed amount of Clearing Funds. (On the business day preceding the date of granting qualifications)
Grant of Clearing Qualifications
Your clearing qualifications are granted after confirming the satisfactory completion of all necessary procedures including the deposit of Clearing Funds. (Note 2)
  • (Note 1) The actual receipt of applications and confirmation of descriptions on applications, etc., are handled by the Japan Securities Clearing Corporation (JSCC), to which our company entrusts office work related to the applications for clearing qualifications.
  • (Note 2) Adjustment to your system environment including your participation to the Pre-Settlement Matching System of the Japan Securities Depository Center, Inc is necessary for actual usage of our company’s clearing/settlement system.