Japan looks to DLT to combat rise in settlement fails

Decision to shorten settlement cycle likely to hike fails caused by confirmation mismatches

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As Japan moves to shorten its settlement window for cash equities, dealers are hoping that distributed ledger technology can reduce the probability of failed trades between domestic and foreign investors.

Given the difference in time zones – Tokyo is nine hours ahead of London and 13 hours ahead of New York – investors in Europe and the US will have just one day to settle trades from July 16, when the local settlement window is shortened from three days (T+3) to two days (T+2). Overseas clients

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