Disclosure of Information on the Foreign Exchange Yen Clearing System under the FMI Principles

　We are pleased to announce that the Japanese Bankers Association (Chairman: Yasuhiro Sato) ("JBA") has compiled a disclosure of information on the Foreign Exchange Yen Clearing System ("FXYCS") under the "Principles for financial market infrastructures" ("FMI Principles")* published by the CPMI-IOSCO. 

　Below is a summary of the disclosure.

1. General Explanation
　General information, participants, legal and regulatory framework, main risks and risk management of the FXYCS

2. Summary on the Current Status for Each Applied Principle
　Detailed explanation on the FXYCS observance or broad observance of each applied principle

*24 principles which are derived from the “Core Principles for Systemically Important Payment Systems” published on January 2001 by the BIS and global standards for securities settlement system. The FMI Principles harmonize global standards for systemically important payment systems, etc. and reinforce global standards for governance and risk management.
　At the time of the publication of the FMI principles, the name of CPMI was CPSS.

【Inquiries】 Suwa (Ms.), Horiuchi (Mr.) (Tel.03-5252-3750)