New BOJ-NET - Fully launched on October 13, 2015 › en › announcements › release... · Nov. 2011) New BOJ-NET ... Oct. 2015) Next-Generation RTGS (RTGS XG): A) Liquidity-saving

New BOJ-NET - Fully launched on October 13, 2015-

Bank of Japan

November, 2015

BOJ-NET (1988-)

DVP (1994-)

RTGS (2001-)

RTGS XG (Phase 1 : Oct. 2008, Phase 2 : Nov. 2011)

New BOJ-NET (Phase 1 : Jan. 2014, Phase 2 : Oct. 2015)

Next-Generation RTGS (RTGS XG): A) Liquidity-saving features,

B) Incorporating FXYCS and large-value Zengin payments into BOJ-NET FTS(RTGS) with LSF

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Bank of Japan Financial Network System (“BOJ-NET” , 1988-)

（the number of participants: around 500)

Fundｓ Transfer Services the number of transfers: around 68,000/day

the amount of transfers: around 125 tril.JPY/day(2014CY)

JGB Services the number of transfers: around 19,000/day

the amount of transfers: around 101 tril.JPY/day(2014CY)

DVP

RTGS

LSF

etc.

LSF: Liquidity-saving features

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• Using Multi-layered architecture

Most Advanced IT

• Being able to accommodate possible changes in financial services and various needs in future

High Flexibility

• Using XML (ISO20022) for greater interoperability

• Being able to extend operating hours without mechanical constraints

High Accessibility

New BOJ-NET - three main features -

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• Longer overlap of the operating hours with overseas markets will facilitate smoother cross-border settlement of JPY and JGBs.

• The BOJ will continue to assess whether and to what extent the operating hours of New BOJ-NET should be extended, with making comprehensive analysis and continuing dialogue with relevant entities.

New BOJ-Net is scheduled to extend its operating hours up to 9pm(←7pm), effective on Feb. 15, 2016

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Users’ benefits

More Efficient Cash Management

More Efficient Collateral Management

Smoother JGB Settlement

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