Through this program, it has been providing support for private financial institutions’ efforts to strengthen the foundations for economic growth and to increase their lending. Meanwhile, the Bank has also been conducting the funds-supplying operation to support financial institutions in disaster areas affected by the Great East Japan Earthquake.
The system is now over halfway to delivery point and the development and testing of the application are proceeding on a firm footing. On this basis, and with the signature of the T2S contracts, we now have the solid foundations to continue building T2S and to transform post-trading in Europe, making it both more efficient and safer.