Asset servicing - Japanese debt securities


Income collection

Service offeredRemarks
Notification to customers

Standard Asset Servicing reporting via SWIFT MT56x, Xact Web Portal and Xact File Transfer.

See Section 8 “Asset servicing” of the Customer Handbook.

See Connectivity manuals on the Clearstream website.

Payment of proceeds

Proceeds are calculated based on the positions recorded at 3 pm on the record date for Japanese Government Bonds (JGBs), and close of business on record date for Debts other than JGBs. The proceeds are paid to the customer's account upon successful receipt and reconciliation of funds. Proceeds will be paid  with the value with which they are received. 

Funds under the Available for Cash Loan (ACL) concept, when applicable, are paid with good value.  

The payment method to be applied is reported via MT564 IPAR and Xact Web Portal IPAR. 

For further details on entries qualified as ACL, please refer to the section “5.6 Financing: availability of funds” of the Customer Handbook.

Corporate actions

Corporate Action events are generally not applicable on fixed income.

Proxy Voting procedures

Proxy Voting is not generally available for bondholders.

Entitlement compensation rules

Please refer to the Clearstream Banking Entitlement Compensation Rules - Japan.