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Broadridge completes Jasdec roll-out in Japan

05 March 2014  |  1521 views  |  0 Source: Broadridge Financial Solutions

Broadridge Financial Solutions, Inc. (NYSE: BR) today announced that implementation of its upgraded JASDEC processing and connectivity solution suite in Japan is complete.

The solution enables firms settling and matching trades via the Japan Securities Depository Center, Inc. (JASDEC) to meet the new wave of ISO 20022 global message standards being adopted by JASDEC.

This is the first fully-executed implementation in a series of upcoming solutions related to the ISO 20022 standards that will leverage Broadridge's advanced global technology to deliver market-ready, compliant solutions to meet regulatory deadlines. The ISO 20022 standards are meant to streamline communication and reduce risk for financial institutions by transitioning to an improved single, common language.

"This market-ready, ISO 20022-compliant solution for JASDEC's 2014 change reflects our commitment to ensuring that our clients are at the forefront of market and regulatory changes internationally," said Paul Clark, Head of Institutional Strategy and Product Management, Securities Processing Solutions International, Broadridge. "It will enable our post-trade processing clients to meet their timeline obligations while mitigating exposure and increasing efficiency through global standards, and is the first deliverable in a series of ongoing market initiatives that will include SWIFT, TARGET2-Securities (T2S) and Bank of Japan (BOJ-NET)," he continued.

Broadridge supports a growing number of Japanese and global firms' operations in Japan for both domestic and cross-border processing, driven by market demand for increased levels of post-trade processing efficiency and the highest standards of service. It offers a comprehensive multi-language post-trade solution for equities, fixed income and related instruments with interfaces to both JASDEC and the Bank of Japan, together with regulatory and legal reporting for Japan. 

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