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Research Update: Japan Securities Finance Co. Ltd. May 03 Product Image

Research Update: Japan Securities Finance Co. Ltd. May 03

  • Published: May 2003
  • Region: Japan
  • Standard & Poors

Abstract
On May 21, 2003, Standard & Poor's assigned its 'A-' long-term counterparty rating to Japan Securities Finance Corp. (JSF). JSF is expected to maintain its leading market position as the sole securities finance company licensed to conduct margin lending for the Tokyo stock exchange (TSE). The company's asset profile is sound, backed by appropriate capitalization. The unsecured loan business conducted by JSF's subsidiary, JSF Trust Banking Co. Ltd., could be a risk factor amid prolonged economic stagnation in Japan. As the sole securities finance company licensed to conduct margin lending for the TSE, JSF has considerable strength in this business. Margin lending involves lending funds and stock certificates to securities companies through the settlement system of the stock exchange, in...

Companies mentioned in this report are: Japan Securities Finance Co. Ltd.
Action: Review

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Japan Securities Finance Co. Ltd.

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