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Japan Securities Clearing Corporation, a subsidiary of JPX, and Japan Government Bond Clearing Corporation, an affiliate of JPX, started discussions on a merger as disclosed in the release "Start of Discussions on Merger between Japan Securities Clearing Corporation and Japan Government Bond Clearing Corporation" dated March 7, 2013. Today, information regarding the progress of those discussions was released as attached.
Details regarding this matter, including a specific schedule and the ratio of the stock swap preceding the merger, which have not been determined at present, will be disclosed in the future in a timely manner after they have been determined.
