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Users of Book-Entry Transfer System |
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Issuers
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JASDEC shall obtain prior consent on handling of corporate bonds at JASDEC from Issuers. |
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Issuers shall make use of Issuing Agents and Paying Agents.
Issuers shall notify its agents to JASDEC in advance. |
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Issuing Agents
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JASDEC,
upon receipt of an application from a financial institution,
shall designate such an institution as an “Issuing
Agent”, pursuant to the provisions of JASDEC
Business Regulations. |
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Issuing
Agents shall undertake to follow the procedure for
the issue of corporate bonds required by JASDEC,
on behalf of Issuers. |
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Paying Agents
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JASDEC,
upon receipt of an application from a financial institution,
shall designate such an institution as a “Paying
Agent”, pursuant to the provisions of JASDEC
Business Regulations. |
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Paying
Agents shall undertake to follow the procedure between
JASDEC and the Issuer, after the day of the issue
to the day of redemption of the relevant corporate
bonds, on behalf of issuers. |
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Fund Settlement Corporations
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JASDEC,
upon request by a financial institution which maintains
an account at Bank of Japan (hereinafter called “BOJ”)
and is utilizing the on-line dealing by BOJ Financial
Network System (hereinafter called “BOJ Net”),
shall register such a financial institution as a “Fund
Settlement Corporation”, pursuant to the provisions
of JASDEC Business Regulations. |
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Fund Settlement
Corporations shall undertake the fund settlement
arising from the issue, transfer and redemption of
corporate bonds by BOJ Net, on behalf of JASDEC Participants
or Issuers. |
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Participants
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A person
for which/whom JASDEC and Account Management Institutions
has opened an account for the purpose of implementing
Book-entry Transfer of Corporate Bonds. |
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JASDEC Participants
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A participant for which/whom JASDEC has opened a JASDEC Participant Account. |
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Account Management Institutions
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Securities
companies, banks and other financial institutions,
approved by JASDEC, may open accounts for book-entry
transfer for corporate bonds for other institutions,
in accordance with the provisions of JASDEC Business
Regulations. |
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Account Management Institutions shall maintain a Transfer Account Book. |
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Account Management Institutions shall be classified as follows.
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Direct Account Management Institutions are: |
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Those for whom JASDEC opened accounts for book-entry transfer for corporate bonds. |
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Indirect Account Management Institutions are: |
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Those for whom Direct and Indirect Account Management Institutions opened accounts for book-entry transfer for corporate bonds. |
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