Fund Loan and Stock Loan Outstanding by Issue (Preliminary data/Final data)

Securities finance companies receive Applications for Loans for Margin Transactions (hereinafter, Applications) from all Participants of Loans for Margin Transactions (securities companies, etc., hereinafter, Participants), between around 4:00PM（JST, the same shall apply hereinafter） and 6:30PM every business day.
Participants, after balancing the buying and selling balances of Standardized Margin Transactions internally, apply to securities finance companies for the portion of the insufficient funds or issues that they cannot procure. Participants use a Fund Loan Application for the balance equivalent to the margin buying outstanding, and a Stock Loan Application for the portion corresponding to the margin selling outstanding.
After 6:30PM, securities finance companies aggregate Applications from all Participants for each individual issue, and then publish the balance obtained by aggregating Fund Loan Applications as the Fund Loan Outstanding, the balance obtained by aggregating Stock Loan Applications as the Stock Loan Outstanding, and the net balance of Fund Loans and Stock Loans by issue as the Fund Loan and Stock Loan Outstanding by issue (Preliminary data), mainly for Participants and Auction Participants.
In addition, the Stock Loan Outstanding for individual issues that exceeds the Fund Loan Outstanding (hereinafter, Stock Over-lent Outstanding) is subject to the JSF Auction（Note1） held on the next business day after the Applications.

※Please refer to here for detailed information about the JSF Auction.

Securities finance companies receive Additional Applications between 8:30AM and 10:00AM on each business day, within the range of Stock Over-lent Outstanding (including cancellation of the previous day's Applications, etc.) in order to reduce excess shares or eliminate over-lent conditions for issues with Stock Over-lent Outstanding in Applications of the previous day.
Around 11:00AM securities finance companies publish the Fund Loan and Stock Loan Outstanding by issue (Final data), which includes Additional Applications. If the volume of Additional Applications is large, the figures may differ significantly from the Fund Loan and Stock Loan Outstanding by Issue (Preliminary data) published the day before.
For issues whose over-lent condition has been eliminated after Additional Applications, there is no need for securities finance companies to procure stocks. Therefore, there is no Premium charge rate (Gyaku-hibu) on the Application Date (Trade Date). This condition is known as a "Mangaku [bidding no longer necessary]".