Top Message
Haruhiko Kato, President & CEO- 03 -In playing the role of an important foundation for theWe made a changeover to a company with nominating

financial and capital market as a central securities
depository (CSD), JASDEC strives to conduct stablecommittee, etc. to enhance corporate governance andoperations of its systems and services, and to provide

conducts continuous reforms from the perspectives ofa reliable, convenient and efficient settlement

users including investors, issuers and intermediaries, andinfrastructure so as to contribute to the vitalization ofaddresses the following challenges:

the transparency of management. In addition, JASDEC

Japan’s financial and capital markets and enhanceinternational competitiveness.

1
Contribution to Development of Japan’s Financial and Capital Markets
and Reinforcement of Robust and Efficient Operation

1

Contribution to the revitalization ofJapan’s financial and capital markets

2

We will achieve further stability and efficiency of operations
through a strong grasp of factors including domestic andglobal trends around the JASDEC Group, future vision ofsecurities settlement structure and services, and the needs ofusers. We will also review and reinforce current operations,and optimize and standardize operations in a cross-sectionalmanner across the group.

With reference to reports such as the Japan Revitalization
Strategy ( Revised 2015 ) issued by the government and thereport of the Council for Tokyo Global Financial Centerpromotional activities jointly held by JSDA, JPX, JITA andJIAA*1, we will contribute to efforts such as shortening thesettlement cycle for Japanese government bonds andshares, and expanding services of CSD and clearing house,etc. to improve market convenience and vitality, and toestablish Tokyo as a global financial center.

3Further reinforcement of stability andefficiency of operation

Conducting research and international
activities that contributes to operation

We will conduct research, analysis and information collection
pertaining to the medium- and long-term business prospectsof the JASDEC Group. We will also conduct research on thelatest trends in global settlement services through cooperative
relationships with foreign CSDs and activities at internationalorganizations such as ACG, WFC, ABMF, ISO/TC68 ISO20022
Securities SEG, SMPG, APAC RMPG*2.

*1
JSDA : Japan Securities Dealers Association
JPX : Japan Exchange GroupJITA : Investment Trusts Association, JapanJIAA : Japan Investment Advisers Association*2
ACG : Asia-Pacific Central Securities Depository GroupWFC : The World Forum of CSDs
ABMF : ASEAN+3 Bond Market Forum
SEG : Standards Evaluation Group
SMPG : Securities Market Practice Group
APAC RMPG : The Asia-Pacific Regional Market Practice Group- 04 -Top Message

22

We will review general human resources-related systems
to develop vibrant organization. In addition, we will develop
diverse human resources through temporary transfer ofstaff to other financial market infrastructures and financialinstitutions, and interaction with overseas CSDs.

Further Strengthening ofAdministrative Structure

1

Strengthening of human resource
development

Strengthening of risk management3

We will ensure robust safety and security necessary for thefinancial market infrastructure by strengthening managementof risks such as operational risks, information system risk;
and, in particular, risks related to service stability andefficiency, business risks and financial risks. In addition, wewill improve the dual-site operation scheme commenced in
February 2016 and enhance simulation exercises of theBusiness Continuity Plan in case of a disaster.

Enhancement of financial base

Recognizing JASDEC’s public role as a financial market
infrastructure, we seek to reduce costs in order to provide
efficient services. In addition, we will further enhance financial
foundation not only by ensuring financial soundness andstability, but also by increasing internal reserves in line withstrategic objectives.

We position IT as a “key element of administration” and work across the group to focus on structure andoperations of high quality settlement system.

1Securing Settlement Infrastructure Stability

We fully utilize rapidly advancing IT to ensure stable business operation and provide a dependable, efficient and secure infrastructure that is resilient to changes in the environment. In addition, we achieve effective use of resources as well as a reduction in costs.

2Improving Settlement Services

We swiftly respond to changing environments and the diversifying needs of customers, and improve settlement services topromote active market participation of domestic and global issuers and investors.

3Strengthen IT

We seek to improve IT skills and strengthen IT engagement as a key provider of settlement services. By achieving this,JASDEC takes the initiative on structuring and operating systems that provides services with high customer satisfaction.

Through the initiatives above, we are determined to operate andprovide systems and services in a stable manner. Always keeping thebest practice of global settlement system in mind, we also improveand strengthen our operations to provide internationally recognizedfunctions. We commit ourselves to satisfying the trust and expectationsof our users.

Haruhiko Kato, President & CEO- 05 -