Japan Exchange Group and Japan Securities Depository Center announced that they have selected three use cases for verification using a DLT test environment developed by JPX-led consortium in their pilot test project of a DLT information sharing platform in the field of securities post-trade launched in April 2020.
The project participants — Broadridge, DTCC, Daiwa, Mizuho, Nomura, HSBC, among others — submitted issues related to securities post-trade from their perspectives as industry practitioners. The issues were then categorized into nine use cases. On review, consideration was given to the effects at the time of its practical application and feasibility for testing in a limited period of time.
Use cases include: sharing information on borrowing/lending fee/collateral rate and equivalent dividend amount in stock borrowing and lending transactions; sharing fund/SSI/basic corporate information; and resolution of non-compatibility of fund distribution networks.