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| Currency Settlement System | |
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| Japanese Yen |
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| Foreign Exchange Yen Clearing System (FXYCS) - founded in 1980 by Tokyo Bankers Associations, it is now run by Bank of Japan. It is mainly used for settlement of foreign exchange related transactions and overseas correspondent banks accounts transactions settlement. Members can either use "net mode" or "gross mode" for their settlement. The "net mode" cut-off at 1:45pm and net balance is settled through BOJ accounts at 2:30pm. The "gross mode" operates from 9:00am to 5:00pm and extended to 7:00pm (8:00pm in winter) for CLS members. |  |
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| BOJ-Net (Bank of Japan) - It was established in 1988, currently run by Bank of Japan on real time gross settlement base. It is mainly used for high value interbank fund transfer settlement, also used for net balance settlement for Japan Government Bonds, FXYCS, Zengin and many other settlement system. The system operates from 9:00am to 5:00pm, but extended to CLS members till 7:00pm (8:00pm in winter). |
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| Zengin - Japan domestic clearing system, established in 1973, it is mainly used for high volume and low value transaction settlement. The cut-off time is 3:30pm, then member banks' net balance will be settled through Bank of Japan accounts. |
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| Others: |
- Checks - through various clearing houses
- Tokyo International Financial Futures Exchange
- Cash Dispensers and ATM networks
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| Learn more... |
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