UFJ International PLC
22 November 2004
UFJ International plc advises of the following announcement from UFJ Holdings,
UFJ Holdings, Inc.
UFJ Bank Limited
UFJ Tsubasa Securities Co., Ltd.
Kabu.com Securities Co., Ltd.
UFJ Bank to Launch Securities Intermediation Business
UFJ Bank Limited ('UFJ Bank') has decided to form an alliance with UFJ Tsubasa
Securities Co., Ltd. ('UFJ Tsubasa') and kabu.com Securities Co., Ltd.
('kabu.com') with regard to the securities intermediation business and has
thereby entered into a basic contract of consignment with UFJ Tsubasa and a
basic agreement with kabu.com in relation to such business today. UFJ Group will
mobilize its comprehensive financial service functions in order to respond to a
wide range of customers' needs in asset management by providing highly
competitive services at one stop. UFJ also aspires to promote market
participation of variety of investors and contribute to development of the
Overview of the securities intermediation business by UFJ Bank is set forth
On December 1, 2004, when the ban of securities intermediation business is
lifted, UFJ Bank will start securities intermediation service with UFJ Tsubasa.
Intermediation to kabu.com is scheduled to start in next spring.
2. Outline of Business
(1) Alliance between UFJ Bank and UFJ Tsubasa
a) Installation of Security Desk
Securities Brokerage Office established in November 2004 in UFJ Bank will
control and promote securities intermediation business for retail customers.
Securities Desks will be installed in 15 branches of UFJ Bank in Tokyo, Nagoya
and Osaka metropolitan areas on December 1 and will be expanded to 30 to 40
branches by the end of March 2005. Thereby UFJ Bank will deploy a full range of
securities intermediation business including opening of securities consolidated
accounts and intermediation of trades of stocks, corporate bonds and foreign
b) Intermediation business for retail customers in most of the branches
In other domestic branches of UFJ Bank without a Securities Desk, we will
sequentially start offering such services as opening of securities consolidated
accounts and sales of corporate bonds and publicly offered foreign bonds. We
will start providing such services in about 300 branches nationwide on December
6, 2004 and eventually expand to most of the domestic manned branches by the end
of March 2005.
c) Multi-channel service
In addition to transactions at branches, we will start offering intermediation
service of stocks transactions via UFJ Bank's call centers and the internet
banking 'UFJ Direct' in December 2004.
d) Business with corporate customers
A specialized sales section will be set up in the headquarter, where services
responding to corporate customers' needs for investment in stocks, foreign bonds
and structured bonds are provided by the expert staff.
(2) Alliance between UFJ Bank and kabu.com
UFJ Bank and kabu.com will start offering a new service in UFJ Bank's internet
banking 'UFJ Direct'. This service enables customers to open securities
consolidated accounts on the spot in website and to start trading immediately,
which is the first and quickest of its kind in Japan as it usually takes a week
to open an account in online securities companies.
This service realizes highly convenient service coordination where customers can
move between securities transactions and banking transactions smoothly.
UFJ Bank and kabu.com have jointly applied for a patent with regard to the
system for immediate account opening and transaction and the function of phone
call relaying between call centers of both companies.
This information is provided by RNS
The company news service from the London Stock Exchange