Jasdaq Securities Exchange, Inc. (Osaka Securities Exchange)
Tel: 81 3 3669 1450
Fax: 81 3 3669 3305
Representatives
President and CEO : Mr. Takashi Tsutsui
Head of International Relations : Ms. Satoko Yamazaki
| Types of Securities Traded | Name of Trading Systems (cash and derivatives) | Trading Hours |
| Cash products/ Regular Transactions | ||
| Domestic Stocks | Jasdaq system | 9:00 - 11:00 12:30 - 15:00 |
| Foreign Stocks | Jasdaq system | 9:00 - 11:00 12:30 - 15:00 |
| Classified Stocks | Jasdaq system | 9:00 - 11:00 12:30 - 15:00 |
| REITs (Real estate Investment Trust) | Jasdaq system | 9:00 - 11:00 12:30 - 15:00 |
| Convertible Bonds | Jasdaq system | 9:00 - 11:00 12:30 - 15:00 |
| Offhour Transaction | ||
| Domestic Stocks | Jasdaq system | 8:20 - 9:00 & 11:00 - 12:00 & 15:00 - 16:30 |
| Foreign Stocks | Jasdaq system | 8:20 - 9:00 & 11:00 - 12:00 & 15:00 - 16:30 |
| Classified Stocks | Jasdaq system | 8:20 - 9:00 & 11:00 - 12:00 & 15:00 - 16:30 |
| REITs (Real estate Investment Trust) | Jasdaq system | 8:20 - 9:00 & 11:00 - 12:00 & 15:00 - 16:30 |
| Convertible Bonds | Jasdaq system | 8:20 - 9:00 & 11:00 - 12:00 & 15:00 - 16:30 |
Supervisory Body
Financial Services Agency
Name of Clearing & Settlement Organization
Japan Securities Clearing Corp. (JSCC)
Settlement Cycle
T + 3
Name of Central Securities Depository
Japan Securities Depository Center (JASDEC)
Commissions on Transactions levied by Exchange
1.Trading fees (based on total value of trades)
¥500 million or less: 0
¥500 million < MTV≤ ¥10 billion:
Standard rate x 0.9
¥10 billion < MTV ≤ ¥100 brillion:
Standard rate x 1.0
¥100brillion < MTV ≤ ¥150 brillion:
Standard rate x 0.8
More than ¥150brillion:
Standard rate x 0.7
*1 MTV:Monthly trading value
*2 Standard rate is calculated using formula below:
(1) MTV ≤ ¥1trillion
2.4 ÷ 10000
(2) MTV >¥1trillion
{(¥1trillion x 2.4÷10000)+(MTV - ¥1trillion) x1.5 ÷ 10000 } ÷ MTV
Taxes on Dividends, Interests
Individual
Until March 31, 2008
10 % tax withheld at source
(Declaration of tax not required)
7 % Income Tax, 3 % Inhabitant Tax
<For period April 1, 2008 and after>
20 % tax withheld at source
(Declaration of tax not required)
comprising of 15 % Income tax and
5 % Inhabitant Tax.
Corporation :
50 % of the total amount of dividend received is not taxable.
2007 Share ownership thresholds (%)
NA
Short selling (Yes / No)
NA
Short selling conditions (if any)
NA