Operation Timetable(Note 1)
- 1. Same-day operations
- 2-1. Forward-day operations (morning offer)
- 2-2. Forward-day operations (afternoon offer)
- 3. Other
- Notes
As of May 2, 2022
1. Same-day operations
| Funds-Supplying Operations against Pooled Collateral | Purchase/Sale of Japanese Government Securities with Repurchase Agreements | |||||||
|---|---|---|---|---|---|---|---|---|
| Head Office | All Offices | Purchase | Sale | |||||
| Offer | 9:20 | 12:50 | 9:20 | 12:50 | 9:20 | 12:50 | 9:20 | 12:50 |
| Bid-submission cut-off time | 9:50 | 13:20 | 10:20 | 13:50 | 9:50 | 13:20 | 9:50 | 13:20 |
| Notification of respective results to auction participants | Around 10:05 | Around 13:35 | Around 10:35 | Around 14:05 | Around 10:05 | Around 13:35 | Around 10:05 | Around 13:35 |
| Cut-off time for submission of documents (for start) | - | - | ||||||
| Cut-off time for settlement on start day | 16:15 (Note 2) | 15:00 | ||||||
| Cut-off time for submission of documents (for maturity) | - | - | ||||||
| Cut-off time for settlement on maturity date | 16:15 (Note 2) | 15:00 | ||||||
| Sale of Bills | ||
|---|---|---|
| Offer | 9:20 | 12:50 |
| Bid-submission cut-off time | 9:50 | 13:20 |
| Notification of respective results to auction participants | Around 10:05 | Around 13:35 |
| Cut-off time for submission of documents (for start) | - | - |
| Settlement time on start day | Around 14:30 (Note 3) | Around 16:30 (Note 3, 4) |
| Cut-off time for submission of documents (for maturity) | 10:30 on maturity date (Note 5) | |
| Settlement time on maturity date | Around 12:30 or 14:30 (Note 3) | |
2-1. Forward-day operations (morning offer)
| Purchase/Sale of Japanese Government Securities with Repurchase Agreements | ||
|---|---|---|
| Purchase | Sale | |
| Offer | 9:30 | |
| Bid-submission cut-off time | 10:10 | |
| Notification of respective results to auction participants | Around 10:25 | |
| Cut-off time for submission of documents (for start) | - | |
| Cut-off time for settlement on start day | 15:00 | |
| Cut-off time for submission of documents (for maturity) | - | |
| Cut-off time for settlement on maturity date | 15:00 | |
| Number of business days from offer to start (Note 6) | T+1 | |
| Purchases of CP with Repurchase Agreements | |
|---|---|
| Offer | 9:30 |
| Bid-submission cut-off time | 13:00 |
| Notification of respective results to auction participants | Around 13:40 |
| Cut-off time for submission of documents (for start) | 15:00 one business day prior to start day |
| Settlement time on start day | Around 14:30 (Note 3) |
| Cut-off time for submission of documents (for maturity) | 15:00 one business day prior to maturity date |
| Settlement time on maturity date | At and after 10:30 (Note 3) |
| Number of business days from offer to start (Note 6) | T+2 |
| Outright Purchase/Sale of Treasury Discount Bills | Outright Purchases of Japanese Government Bonds | |||
|---|---|---|---|---|
| Competitive Auction Method | Fixed-Rate Method | |||
| (1) | (2) | |||
| Offer | 10:10 | 10:10 | ||
| Bid-submission cut-off time | 11:20 | 11:40 | 15:30 | |
| Notification of respective results to auction participants | Around 11:35 | Around 12:00 | Around 15:50 | |
| Cut-off time for submission of documents (for start) | - | - | ||
| Cut-off time for settlement on start day | 15:00 | 15:00 | ||
| Cut-off time for submission of documents (for maturity) | - | - | ||
| Cut-off time for settlement on maturity date | - | - | ||
| Number of business days from offer to start (Note 6) | T+1 | T+1 | ||
2-2. Forward-day operations (afternoon offer)
| Funds-Supplying Operations against Pooled Collateral | ||
|---|---|---|
| Head Office | All Offices | |
| Offer | 13:00 | |
| Bid-submission cut-off time | 13:30 | 14:00 |
| Notification of respective results to auction participants | Around 13:45 | Around 14:15 |
| Cut-off time for submission of documents (for start) | - | |
| Cut-off time for settlement on start day | 16:15 (Note 2) | |
| Cut-off time for submission of documents (for maturity) | - | |
| Cut-off time for settlement on maturity date | 16:15 (Note 2) | |
| Number of business days from offer to start (Note 6) | T+1 and onwards | T+1 and onwards |
| Sale of Bills | |
|---|---|
| Offer | 13:00 |
| Bid-submission cut-off time | 13:30 |
| Notification of respective results to auction participants | Around 13:45 |
| Cut-off time for submission of documents (for start) | - |
| Settlement time on start day | Around 14:30 (Note 3) |
| Cut-off time for submission of documents (for maturity) | 10:30 on maturity date (Note 5) |
| Settlement time on maturity date | Around 12:30 or 14:30 (Note 3) |
| Number of business days from offer to start (Note 6) | T+1 and onwards |
| Outright Purchases of Japanese Government Bonds | |
|---|---|
| Fixed-Rate Method | |
| Offer | 14:00 |
| Bid-submission cut-off time | 15:30 |
| Notification of respective results to auction participants | Around 15:50 |
| Cut-off time for submission of documents (for start) | - |
| Cut-off time for settlement on start day | 15:00 |
| Cut-off time for submission of documents (for maturity) | - |
| Cut-off time for settlement on maturity date | - |
| Number of business days from offer to start (Note 6) | T+1 |
3. Other
| Securities Lending Facility (Note 7) | ||
|---|---|---|
| Acceptance of requests for offer | 9:00 - 11:15 | 12:30 - 13:15 |
| Offer | 11:50 | 13:50 |
| Bid-submission cut-off time | 12:15 | 14:15 |
| Notification of respective results to auction participants | Around 12:30 | Around 14:30 |
| Cut-off time for submission of documents (for start) | - | |
| Cut-off time for settlement on start day | 13:15 | 15:30 (Note 8) |
| Cut-off time for submission of documents (for maturity) | - | |
| Cut-off time for settlement on maturity date | 15:00 | 15:00 |
| Number of business days from offer to start (Note 6) | T+0 | |
Notes
- Notes 1: This is a standard timetable, and operations may be conducted on a timetable different from the above. The time for notification of respective results to auction participants is an approximation and may differ from that shown in the timetable.
- 2: The cut-off time shall be 17:15 on days when payments made through the Domestic Funds Transfer System are extended by 60 minutes.
- 3: Settlement will be made by the Bank of Japan.
- 4: Settlement time shall be around 17:30 on days when payments made through the Domestic Funds Transfer System are extended by 60 minutes.
- 5: Submission of documents is unnecessary when the bills are held in safekeeping.
- 6: In the "number of business days from offer to start," "T+2," for example, indicates that the start day is two business days after the offer date.
- 7: This operation is conducted as the sale of Japanese government securities with repurchase agreements.
- 8: Settlement time shall be 15:00 for issues on days when redemption or an interest payment is due on the following day.