HistoryMay 1984

The Law Concerning Central Securities Depository and Book-Entry Transfer of Stock Certificates and OtherSecurities (CSD Law) was passed, and enforced in November 1984.

Dec. 1984

Japan Securities Depository Center (JASDEC) was founded as a not-for-profit foundation under a permit grantedby the Minister of Finance and the Minister of Justice (competent ministers).

May 1985

JASDEC was designated as a depository under the CSD Law by the competent ministers.

Oct. 1991

JASDEC began offering its depository services for stocks listed on the Tokyo Stock Exchange.

Jun. 1993

The U.K. Securities and Futures Authority approved JASDEC as an eligible foreign custodian.

Aug. 1993

The U.S. Securities and Exchange Commission issued a no-action letter to exempt JASDEC from Section 17(f) ofthe Investment Company Act of 1940 and Rule 17f-5(c)(2)(iii).

Jun. 1997

The Association of German Banks approved JASDEC as an eligible foreign custodian.

Sep. 2000

JASDEC constructed a back-up center in Osaka.

May 2001

JASDEC launched its system for delivery versus payment (DVP) settlement of exchange trades in Tokyo andOsaka.

Sep. 2001

JASDEC implemented the Pre-Settlement Matching System (PSMS) for domestic trades by domestic institutionalinvestors.

Jan. 2002

Japan Securities Depository Center, Inc., was established.

Jun. 2002

All central custody and book-entry transfer business was transferred to the new, incorporated entity and theformer entity was dissolved.
The Association of German Banks approved the new incorporated entity as an eligible foreign custodian.

Jan. 2003

The Law Concerning Book-Entry Transfer of Corporate Bonds, etc. became effective and JASDEC was designatedas a transfer institution under the law.

Mar. 2003

JASDEC launched the Securities Information Tracing System (SITRAS) for lost stocks.
JASDEC inaugurated its Commercial Paper book-entry system.

32Jun. 2003

JASDEC established JASDEC DVP Clearing Corporation (JDCC) to undertake clearing services related to DVP settlement services for non-exchange transaction deliveries (NETDs).

Aug. 2003

JASDEC signed a memorandum of understanding with The Depository Trust & Clearing Corporation of theUnited States.

Apr. 2004

JDCC acquired a licence for a securities clearing agency, enabling it to undertake securities obligations.

May 2004

JASDEC commenced DVP settlement services for NETDs.

June 2004

The Law for partial amendments to the Law concerning Book-entry Transfer of Corporate Bonds and other
Securities for the purpose of streamlining the settlement for trades of stocks and other securities waspromulgated.

Nov. 2004

JASDEC signed a memorandum of understanding with Taiwan Securities Central Depository Co., Ltd. (currently
Taiwan Depository & Clearing Corporation (TDCC)).

Feb. 2005

JASDEC signed a memorandum of understanding with Korea Securities Depository (KSD).

Jun. 2005

JASDEC signed a memorandum of understanding with China Securities Depository and Clearing Corporation
Limited (CSD&C).

Nov. 2005

JASDEC and Japan Securities Settlement & Custody, Inc. (JSSC) jointly hosted the 9th General Meeting of theAsia-Pacific CSD Group in Tokyo.

Jan. 2006

JASDEC inaugurated its book-entry transfer system for Corporate Bonds.

Apr. 2006

JASDEC inaugurated its depository and book-entry transfer system for foreign stocks.