Developements of Book-entrty Securities in Financial Transactions

2017 Fiscal Year Final Research Report

• Project/Area Number: 15K03192
• Research Category: Grant-in-Aid for Scientific Research (C)
• Allocation Type: Multi-year Fund
• Section: 一般
• Research Field: Civil law
• Research Institution: Yamagata University
• Principal Investigator: Koens Kumiko 山形大学, 人文社会科学部, 教授 (00375312)
• Project Period (FY): 2015-04-01 – 2018-03-31
• Keywords: 証券 / 振替決済

Outline of Final Research Achievements

This project first considered the introduction of the “control agreement” method for third-party effectiveness of transfers of interests in book-entry securities under the book-entry holding system in Japan. A follow-up to this was to build on the control agreement approach to explore and develop the legal frameworks for secured transactions for deposit accounts and electronically recorded money claims in order to increase efficiency and benefits for transaction parties. More recently it has become clear that it is important to address new structures for securities holding involving digital architectures such as distributed ledger (or “blockchain”) technology (DLT). Therefore the research now has shifted to analyze and explore how DLT might be adapted to systems and legal frameworks for holding securities.

Free Research Field

民事法学