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Participant firms using JASDEC consign the custody of JASDEC-eligible securities they own themselves as well as those held on behalf of their customers.

Participant firms open an account at JASDEC and deposit the certificates they
wish to consign. Such firms include securities
companies, banks, trust banks, insurance companies, securities finance companies
and stock exchanges. As of the end of July 2007, the number of participants
stood at 287.
Customers of participant firms do not consign certificates directly to JASDEC. Instead, they utilize JASDEC's
services through the accounts they establish at participant firms.

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