Survey on Trends in the Securitization Market Released

On December 4, JBA, in conjunction with the Japan Securities Dealers Association, released the "Survey on Trends in the Securitization Market - Issuance Trends in the First Half of Fiscal 2006 (April-September)."

The associations jointly assumed responsibility for the monthly survey from the Bank of Japan in April 2006. The released results are the performance of the six months, an outline of which follows.

1. The amount of securitization products issued between April and September of 2006 was 4.6 trillion yen, the largest figure for the first half of a year since the survey started in April 2004.

2. As to the assets backing these securitized products, RMBS (residential mortgage backed securities) were the largest at 3.0 trillion yen, followed by CMBS (commercial mortgage backed securities) at 0.7 trillion yen.