For example, if a Japanese bank sets up its BOJ-NET terminal in its London base, it can post JGBs as collateral to a European CCP in London. Alternatively, if a Japanese bank sets up its BOJ-NET terminal in its Bangkok base, it can carry out same-day remittance of its customers’ funds from Thailand to Japan.
Although much needs to be examined beforehand, the requests from Japanese and foreign banks have been heard and global access could significantly improve the convenience of the yen and JGBs. 3. Cross-border linkage  The second measure concerns enabling cross-border linkage between the BOJ-NET and systems overseas.