June 6, 2003
JASDEC established the JASDEC DVP Clearing Corporation (JDCC) on June 6, 2003, who is a wholly-owned subsidiary of JASDEC and provides clearing services when the DVP settlement system for non-exchange transaction deliveries will be implemented in May 2004.
| Company Name | JASDEC DVP Clearing Corporation |
|---|---|
| Date of Incorporation | June 6, 2003 |
| Capital | 10 million yen (Capital will be increased to 300 million yen before it begins its operations in May 2004.) |
| Shareholder | Japan Securities Depository Center, Inc. |
| Registered Head Office | 1-1, Nihombashi-Kayaba-cho 2-chome Chuo-ku, Tokyo 103-0025, Japan |
| Scope of business | Securities obligation undertaking business and incidental or related business to the main business (Subject to the approval by the Competent Ministers) |
| President | Yoshinobu Takeuchi (President & CEO, JASDEC) |
| Executive Managing | Hiromi Murai (Managing Director, JASDEC) |
| Managing Director | Masao Yagi (Managing Director, JASDEC) |
| Auditor | Takashi Daigo (Standing Auditor, JASDEC) |
For further information contact:
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