May 22, 2012
Nomura Research Institute, Ltd.
Tokyo - 22 May 2012 - Nomura Research Institute, Ltd. (NRI, TYO: 4307), a leading provider of consulting services and system solutions, today announced that it plans to upgrade its I-STAR suite of wholesale solutions for securities firms to comply with Japan Securities Depository Center (JASDEC) adoption of the ISO 20022 standard to reduce settlement risks for stock lending transactions.
In addition to meeting the ISO 20022 changes starting in January 2014, I-STAR, as the only ASP service in Japan, will also be upgraded for JASDEC’s instruction of Tolerance Matching for all non-resident transactions. As part of the overall suite update, I-STAR/CX, which manages JASDEC settlement in real time, and I-STAR/MX, the JASDEC settlement matching solution, will have enhanced functionalities for more efficient and accurate trade settlement and back-office operations. Additional updates will include shortening of the settlement cycle for Japanese Government Bonds (JGB) and compliance with the new release of BOJ-NET regulations.
"NRI is always striving to provide solutions that reduce costs and improve efficiencies for our clients," said Shin Kusunoki, Corporate Senior Vice President and Asset Management Systems Division Manager, NRI. "As the de facto standard in the industry, the I-STAR solution suite is constantly updated to meet the compliance requirements of the latest regulatory changes, alleviating the need for such maintenance by end-users."
NRI hosts its disaster recovery service at the same site as JASDEC and the Bank of Japan in order to ensure seamless operations for its clients in case of unplanned service disruptions. NRI’s JASDEC solutions are used by 152 firms in Japan.
Nomura Research Institute, Ltd. ("NRI", TYO: 4307) is an independent, global IT solutions and consulting services provider with annual sales of 335.5 billion yen as of FY ended March 2012. With front-to-back support for the buy- and sell-side, NRI’s tradition of innovation has positioned them as a trusted international market leader. Leveraging NRI’s global consulting business, NRI is able to provide innovative financial IT solutions for investment banks, asset managers, banks and insurance providers. For more information, visit www.nri.com.
[For inquiries, please contact :]