Central Banking

Settlement failures triple in Feb bond trading-BoJ

The Bank of Japan found 296 cases of settlement failure in Japanese government bond trading in February, the central bank said on Mar 14, 2001.

Settlement failure refers to the failure of a seller to deliver bonds to a buyer in time. The number represents a sharp increase from 99 in Jan 2001, but the central bank said that it is hard to tell whether this number is large or small.

This is in part because other central banks do not provide similar statistics, the BOJ said. The matter is further c

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