They are Ikuo Uno, an executive advisor at Nippon Life Insurance Company and Haruhiko Kato, president of the Japan Securities Depository Center.

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The Tokyo Stock Exchange has agreed to use the new standard for corporate actions with the Japan Securities Depository Center (JASDEC) beginning in the spring of 2014.

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They pointed to Target 2 Securities and a foreign exchange trade depository being developed by DTCC and SWIFT as examples of industry platforms which will be used by multiple institutions.

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While total Fed earnings include fees for services like check clearing and wire transfers provided to depository institutions, the bulk of the earnings come from interest on loans and securities acquired as a by-product of its monetary policy.

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