The Terms and Conditions of Loans for margin transactions

The Terms and Conditions of Loans for Margin Transactions for Participants of Loans for Margin Transactions (securities companies, etc., hereinafter, Participants) are as follows.

The Issues Eligible for Loans for Margin Transactions (Note1)

The Issues Eligible for Loans for Margin Transactions are selected based on certain criteria from among the stocks listed on each stock exchange.

"Issues Eligible for Fund Loan and Stock Loan" : In Standardized Margin Transactions, both margin buying and selling are available.
"Issues Eligible Only for Fund Loan" : In Standardized Margin Transactions, only margin buying is available.

(Note1)

Please find the link for more details.
※The list of "the Issues Eligible for Loans for Margin Transactions"
※Explanation on "Selection"

Repayment/Return Deadline

The Repayment/Return Deadline of Loans for Margin Transactions shall be the following date of the Loan Date (If that day is a holiday for the stock exchange, it will be postponed), however, unless there are special circumstances, it is possible to extend borrowing for up to 6 months.

Interest Rates, etc., (Note2)

Fund Loan User

"Interest Rate on Fund Loan":
Securities finance companies shall charge Interest on Fund Loan for the period from Loan Date to Repayment Date to Participants who received Fund Loan.

Stock Loan User

"Interest Rate on Cash Collateral for Stock Loan":
Securities finance companies shall pay Interest on Cash Collateral for Stock Loan for the period from Loan Date to Return Date to Participants who received Stock Loan.

"Stock Loan Fee":
Securities finance company shall charge Fee on Stock Loan for the period from Loan Date to Return Date to Participants who received Stock Loan.

(Note2)

Please note that the conditions for using Loans for Margin Transactions apply to Participants, and the terms and conditions for investors using Standardized Margin Transactions may depend on each securities company. Please contact your securities company for details.

Time-series data of interest rate on Loans for Margin Transactions can be found here.

※Past notices of interest rate changes on Loans for Margin Transactions can be found here. (Japanese language only)

Collaterals

The Participants shall submit Margin Deposits (hereinafter, "Initial Margin of Loans for Margin Transactions") equivalent to the amount of Fund Loan or Stock Loan multiplied by the percentage which JSF specifies separately. The Initial Margin of Loans for Margin Transactions can be substituted by securities such as stocks and public corporation bonds, etc.