Pre-Settlement Matching System

The Pre-Settlement Matching System (PSMS) provides a framework for electronic matching on trades and settlements for institutional investor transactions between investment management companies, securities companies, trust banks, custodian banks, life and non-life insurance companies, etc. in order to achieve the seamless, automated processing of all the operations from order through to settlement. Moreover, PSMS provides an advance matching function for DVP book-entry transfer settlements conducted by JASDEC as well as for clearing of JGB trades by the Japan Securities Clearing Corporation.