The Bank of Japan published its May 2026 basic figures on Japanese government bond settlement fails, reporting 5,349 failed transactions, 10,666 fail occurrences, an average fail period of 1.91 business days per transaction, and zero buy-ins. The release also includes reference data on Japanese government bond delivery-versus-payment settlement volumes and Government Bond DVP direct debit transactions. The survey is based on monthly reports from recipients of JGBs in failed transactions and covers 245 institutions as of the end of April 2026 that are direct participants in the JGB book-entry system and users of BOJ-NET JGB DVP services. It includes settlements through institutions' own accounts, customers' accounts, and trust accounts. A fail is defined as non-delivery of JGBs on the scheduled settlement date, while a buy-in is a purchase used to settle a failed transaction under Japan Securities Dealers Association or Japan Securities Clearing Corporation rules.
Bank of Japan2026-06-10
Bank of Japan publishes May 2026 JGB settlement fail statistics with 5349 failed transactions and no buy-ins
The Bank of Japan published its May 2026 basic figures on Japanese government bond settlement fails, reporting 5,349 failed transactions, 10,666 fail occurrences, an average fail period of 1.91 business days per transaction, and zero buy-ins. The data, based on monthly reports from 245 direct participants in the JGB book-entry system using BOJ-NET JGB delivery-versus-payment services, also include reference statistics on JGB DVP settlement volumes and Government Bond DVP transactions.