PAYMENT AND SETTLEMENT STATISTICS (January …

1 february 28, 20172017 2 28 PAYMENT and SETTLEMENT Systems DepartmentBank of Japan : 03-3279-1111 E-mail: and SETTLEMENT Systems Department, Bank of JapanTel: +81-3-3279-1111 E-mail: inquiries, please contact the following and SETTLEMENT STATISTICS collects data which are essential for understanding the PAYMENT and SETTLEMENT activities inJapan. STATISTICS without data sources are compiled by the Bank of Japan. on Tuesday, february 28, to be released until 11:00 am. 2 28 ( )11 PAYMENT AND SETTLEMENT STATISTICS (January 2017) I 11-1 1-2 1-3 343-1 3-2 DVP II 672-1 2-2 2-3 9104-1 4-2 DVP III 1213pageI.

2 BOJ-NET11-1 SETTLEMENT via BOJ Current Accounts1-2 SETTLEMENT via BOJ Current Accounts by Sector1-3 Intraday Overdrafts343-1 JGB SETTLEMENT in the Book-Entry System3-2 DVP for JGB SETTLEMENT (cumulative share of transactions settled)II. Private Clearing and SETTLEMENT Systems672-1 Transactions in the Zengin System2-2 Large-value Transactions in the Zengin System2-3 Small-value Transactions in the Zengin System9104-1 SETTLEMENT via BOJ Current Accounts in the Central Counterparties4-2 DVP SETTLEMENT via BOJ Current Accounts in the Central Securities DepositoryIII. Electronic Money 1213 CONTENTS1.

3 Tokyo Clearing House's BillandCheck Clearing System Reference (other paymentandsettlement data) 3. Foreign Exchange Yen Clearing System 4. Private ClearingandSettlement Systems for SecuritiesandDerivatives 2. Zengin System .. 2. Number of ParticipantsinBOJ-NET 3. BOJ-NET JGB Services 1.

4 BOJ-NET Funds Transfer System I BOJ-NET BOJ-NET Funds Transfer System1-1 1 1 SETTLEMENT via BOJ Current Accounts (daily average)1( < >)(Cases, trillion yen, (a)) DVP5 Call MarketTransactionsDVP forJGBT ransac-tions5 Large-valueTransactionsin theZenginSystemForeignExchangeYenTransac tionsBill andCheckClearingSystemsZenginSystemOther s4,568,385(+ ) (+ ) ,279 ( + ) (+ ) ,326 ( ) (+ ) ,653 ( ) (+ ) ,261 ( ) ( ) ,642 ( ) ( ) ,485 ( ) ( ) ,634 ( ) (+ ) ,352 ( ) (+ ) ,360 ( + ) (+ ) ,097 ( ) (+ ) ,016 ( ) (+ ) ,876 ( + ) (+ ) ,017 ( ) ( ) ,817 ( + ) (+ ) ,709 ( ) (+ ) ( ) (a) Figures in parentheses are year-on-year percentage ,month 89101120142015201616/ 1 Value Volume1217/ 1234576 DVP 1 1 DVP Funds transfers between current account holders related to call market transactions, delivery-versus- PAYMENT (DVP) for Japanesegovernment bonds (JGBs) transactions, large-value transactions (transactions equal to or larger than 100 million yen) in the ZenginSystem, and foreign exchange yen transactions.

5 Call market transactions include funds transfers related to other market transactions( , DVP for non-JGBs). SETTLEMENT of net positions resulting from private clearing systems (the Bill and Check Clearing Systems and the Zengin System).The aggregate value of credits and debits posted to BOJ current accounts. DVP 2015 10 9 2015 10 13 DVP Prior to October 9, 2015, DVP SETTLEMENT resulting from JGB-related operations was classified as "Others." Since October 13,2015, it has been classified as "DVP for JGB Transactions." 2 3 4,5 Funds Transfers2 SETTLEMENT for PrivateClearing Systems3 Funds transfers between a current account holder and the Bank of Japan related to the Bank's money market operations (excludeJGB-related operations) and the delivery and receipt of banknotes and via current accounts at the Bank of Japan (BOJ current accounts) arising from, among others, funds transfers betweencurrent account holders.

6 Each instruction is counted once in calculating volume and value, , the debit from the payer's accountand the credit to the payee's account are not counted separately. This methodology for counting transactions is also used in thefollowing 1 1 SETTLEMENT via BOJ Current Accounts by Sector (daily average)1( )(Cases, 100 million yen, %) VolumeShareValueShare25, , , , , , , , , , , , , , , , , ,436, Intraday Overdrafts( < >)(Trillion yen, (a))(+ )( )( )( )( )( )( )( )( )( )( )( )( )( )( )( )( ) (a)City BanksRegional Banks Companies2 Total Including OthersYear,monthMoney Market Dealers Banks II2 Trust BanksForeign Banks 3 II2 Shinkin 4 Monthly average of the daily peakof outstanding to October, 2015, "Shinkin Banks" included the Shinkin Central in parentheses are year-on-year percentage changes.

7 10 DVP Monthly average of the daily peak of outstanding balance within intraday overdrafts incurred in BOJ current accounts (measuredevery 10 minutes). Figures include intraday overdrafts incurred for SETTLEMENT of DVP for JGB transactions using simultaneousprocessing of DVP and collateralization (SPDC). II 2015 10 Each instruction is counted once in calculating volume and value."Regional Banks II" refers to member banks affiliated with the Second Association of Regional Banks. "Securities Companies"refers to firms which conduct securities-related business activities among those classified as Type I Financial Instruments Businessin the Financial Instruments and Exchange Act.

8 These definitions are also used in the following Number of Participants in BOJ-NET II 2 CityBanksRegionalBanksRegionalBanks IITrustBanksForeignBanksShinkinBanksSecu ritiesCompaniesInsuranceCompaniesOthers2 Total5644115472306010385105 6441154723035 354724013111 7275 Affiliated financial institutions, securities finance companies, financial instruments clearing organizations, and money :Institutions participating in BOJ-NET for funds transfers via BOJ current accounts, receiving foreign exchange yen settlementservices, or receiving Japanese government bonds (JGB) services are counted. The figures are as of the end of month. JGB Services Foreign Exchange Yen SETTLEMENT ( ) Current Accounts 1 Number of Participants1 3 BOJ-NET JGB Services3-1 1 1,2,3 JGB SETTLEMENT in the Book-Entry System (face value, daily average)1,2,3(1) ( < >) Volume(Cases, (a))19,076 (+ )13,313 (+ )12,843 (+ )18,261 ( )13,247 ( )12,611 ( )17,999 ( )13,580 (+ )12,606 ( )19,589 (+ )14,083 (+ )13,162 ( )18,549 ( )13,722 ( )12,605 ( )16,796 ( )12,442 ( )11,426 ( )16,604 ( )12,431 ( )11,572 ( )18,111 ( )14,108 (+ )13,250 ( )18,426 (+ )14,131 (+ )13,216 (+ )18,750 (+ )14,530 (+ )13,555 (+ )

9 18,291 (+ )14,248 (+ )13,285 (+ )18,686 (+ )14,120 (+ )13,035 (+ )17,476 ( )13,226 (+ )12,259 (+ )16,626 ( )12,292 ( )11,273 ( )18,204 ( )13,673 (+ )12,684 (+ )17,371 ( )12,995 ( )12,042 ( )(2) ( < >) Value(100 million yen, (a))1,012,814 (+ )542,284 (+ )523,491 (+ )1,016,420 (+ )547,544 (+ )525,864 (+ )869,455 ( )537,790 ( )514,157 ( )1,057,529 ( )584,245 (+ )561,300 (+ )897,861 ( )535,261 ( )509,174 ( )755,397 ( )462,185 ( )439,278 ( )787,073 ( )476,343 ( )457,131 ( )874,648 ( )580,869 (+ )559,838 (+ )891,443 ( )556,985 (+ )531,634 (+ )891,105 ( )575,834 (+ )553,196 (+ )887,324 ( )579,059 (+ )555,175 (+ )907,558 ( )560,326 (+ )532,716 (+ )840,220 ( )531,048 (+ )507,931 (+ )784,215 ( )477,345 ( )452,185 ( )875,848 ( )539,871 (+ )516,495 (+ )869,308 ( )528,963 ( )507,779 ( )( ) (a)Prior to October 9, 2015, DVP SETTLEMENT resulting from JGB-related operations was 10 9 2015 10 9 DVP Each instruction is counted once in calculating volume and SETTLEMENT in the Book-Entry System refers to transfers between securities accounts in the Transfer Account Books at theBank of to October 9, 2015, JGB SETTLEMENT in the Registration System was included.

10 DVP 51217/ 1 6789102015201616/ 123410 Year,monthValueDVP4 SPDC52014 DVP4 5111217/ 1 DVP4 Volume DVP4 5 SPDC5356 Year,month4 JGB SETTLEMENT using simultaneous processing of DVP and collateralization (SPDC).7 Figures in parentheses are year-on-year percentage 1243-2 DVP 1,2 DVP for JGB SETTLEMENT (cumulative share of transactions settled)1,2(1) Volume(%) 9 10 11 12 13 14 15 16 18 - 9:00- 10:00- 11:00- 12:00- 13:00- 14:00- 15:00- 16:00- 18:00- end (2) Value(%) 9 10 11 12 13 14 15 16 18 - 9:00- 10:00- 11:00- 12:00- 13:00- 14:00- 15:00- 16:00- 18.