After introducing DVP for JGBs as the central securities depository (CSD) for JGBs, the Bank worked with private-sector CSDs and stock exchanges to develop detailed plans for the introduction of DVP for other types of securities; namely, dematerialized commercial paper (CP), corporate and other bonds, investment trusts, and equities.
The Bank was also involved in the development of CCPs for equities and JGBs, which went live one by one from 2003 to 2005. During the planning phase of these systems, the Bank provided its views on the system design in light of international discussions and standards on risk management.