JPY Cash Clearing
1) Service Outline
Foreign Exchange Yen Clearing System (FXYCS)
MUFG Bank is the leader in yen clearing services. Opening a Correspondent Yen account with MUFG Bank would be your single entry point to the Japanese payment market, with automatic routing of your payments via the most appropriate clearing system.
CLS™ Nostro Agent Services
We are the Yen Nostro Agent for many major institutions around the world, and we are the top Japanese bank in this field.
- Processing of time-critical payments to CLS
- Processing of emergency pay-in calls
- Provision of intra-day liquidity
CLS™ Third Party Services
MUFG Bank is the top third-party service provider in Japan as mandated by many Japanese financial institutions.
- SWIFT FIN-Copy processing
- Reporting of trade status and funding information with online systems
- Sufficient intra-day liquidity facility
- Dedicated customer implementation team
- Extensive information reporting including updates on CLS developments and project guide documentation
MUFG DUO is the real-time cash management service that you can access through the Internet and that provides you with information about your correspondent banking account(s) with us.
2) Inquiry Services
To confirm details of the payment
Available from 9:00 to 17:00 Tokyo time on business days.
Please contact us via SWIFT message, quoting our transaction reference number.
SWIFT BIC : BOTKJPJT
To further develop a relationship with us.
Above mentioned services are intended for financial institutions. Please send your request with the information below via SWIFT to BOTKJPJT to the attention of Transaction Marketing Office.
To establish an RMA with BOTKJPJT:
Message Type: MT999
1) Purpose of establishing an RMA
(underlying goods, trade flows from each country to Japan, relevant clients etc.)
2) estimated transaction volume
To open a JPY Account for FXYCS payments:
Message Type: MT299
2) Estimated transaction volume
3) Estimated average monthly balance