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Settlement of the securities trades or collateral transactions will be complete without the physical delivery of securities but by book-entry transfer of securities by the participant accounts with JASDEC and/or the customers' accounts with participants. The securities deposited with JASDEC will be re-registered into the name of JASDEC by the record date and the names of the beneficial shareholders will be notified by JASDEC to issuing companies, who produce the list of beneficial shareholders to determine the shareholders. Accordingly, there will be no need for beneficial shareholders to take the re-registration procedures themselves. If the securities are in the re-registration process in the names of the beneficial shareholders, those securities are not available for sale; however, the securities deposited with JASDEC can be sold even in the re-registration process. |
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