TIFFE Press Release

Press Release
(Jun 1, 1998)

Framework indicating the level of preparation of TIFFE SYSTEM
with respect to the Year 2000

1．TIFFE's fully automated computer trading system(FACTS)

Central System
Network interface
Network
Participants' front-end-system

Name FACTS - Member's terminal system The system which
receives TIFFE
market information

Main functions 1)Matching system
2)Clearing system
3)Market database system
4)Market information system
Connectivity between
participant's system
and network Connectivity between
participant's network
interface and
TIFFE's central system 1)Order entry
2)trade registration
3)output of reports
Receiving TIFFE
market information

Operator TIFFE NTT Members Members and information vendors

Technical platform Hitachi VOS3/FS Hitachi HI-UX/WE2
(Hitachi 3500) Leased line Windows NT
Ver.3.5 It depends on each participant

Status of preparation Internal testing was completed It depends on each participant

Internal testing
start date August 1997 It depends on each participant

Internal testing
end date March 1998 It depends on each participant

Testing by
external participants No *1 No *2

External testing start date - (January 1999）

External testing
completion date - (February 1999）

Final Planned date of implementation March 1998 (February 1999)

Connections with
other external system Off-line: Bank of Japan, Chase Manhattan Bank

*1 : We don't carry out external testing concerning FACTS and Member's terminal system. Because we can confirm that those of systems are normally processed by the internal testing.

	Central System	Network interface	Network	Participants' front-end-system
Name	FACTS	-	Member's terminal system	The system which receives TIFFE market information
Main functions	1)Matching system 2)Clearing system 3)Market database system 4)Market information system	Connectivity between participant's system and network	Connectivity between participant's network interface and TIFFE's central system	1)Order entry 2)trade registration 3)output of reports	Receiving TIFFE market information
Operator	TIFFE	NTT	Members	Members and information vendors
Technical platform	Hitachi VOS3/FS	Hitachi HI-UX/WE2 (Hitachi 3500)	Leased line	Windows NT Ver.3.5	It depends on each participant
Status of preparation	Internal testing was completed	It depends on each participant
Internal testing start date	August 1997	It depends on each participant
Internal testing end date	March 1998	It depends on each participant
Testing by external participants	No *1	No *2
External testing start date	-	(January 1999）
External testing completion date	-	(February 1999）
Final Planned date of implementation	March 1998	(February 1999)
Connections with other external system	Off-line: Bank of Japan, Chase Manhattan Bank

*2 : External testing concerning the system which receives TIFFE market information may be carried out in order to confirm the Year 2000 compliance of participants systems according to the necessity from January to February 1999.

２． The other software (stand alone) which the TIFFE provides

TIFFE PC-SPAN for members' terminal system
The Y2K compliance is completed.
TIFFE PC-SPAN for DOS/V
The Y2K compliance is not completed. The software which is complied with the Y2K will be provided in the near future.
The Dealing Support System for Options on Three Month Euroyen Futures
The Y2K compliance is not completed. The software which is complied with the Y2K will be provided in the near future.