Nissay first Japanese manager to adopt Broadridge Financial Solutions' TAP for TBA MBS

Nissay becomes first Japanese manager to adopt Broadridge’s TAP

Broadridge Financial Solutions announces that Nissay Asset Management implements its Mortgage‑Backed Securities Trade Assignment Portal (TAP), making Nissay the first asset management firm in Japan to adopt the platform. The deployment digitises and automates Assignment of Trade (AOT) workflows for TBA (To‑Be‑Announced) mortgage‑backed securities trading, replacing manual, email‑centric processes with a centralised, cloud‑based system. Broadridge positions the rollout as a key step in bringing greater automation and transparency to fixed‑income back‑office operations across Asia.

Digitalising AOT for TBA mortgage‑backed securities

The portal enables instant creation and electronic signing of contract documents, simultaneous distribution of AOT letters to multiple recipients, real‑time progress tracking and secure cloud storage of completed assignments. These capabilities reduce manual workload, shorten AOT processing time and free traders to focus on planning, execution and analysis rather than administrative tasks. Shuichi Uchida, general manager and head of trading at Nissay Asset Management, says the TAP streamlines AOT processes and relieves staff from routine administrative duties.

Broadridge frames the TAP deployment as a transformation of a traditionally manual workflow into a connected digital process that boosts automation and transparency among market participants. The vendor emphasises that the solution preserves existing broker relationships and operational practices while digitising the flow of information, allowing Nissay to scale TBA trading without disrupting established controls. Broadridge’s APAC president, David Runacres, says the portal lays groundwork for broader regional adoption and for connected workflows that could reduce errors and settlement delays.

Industry pressures and operational priorities

The rollout comes as Japan’s asset management industry faces growing pressure to cut routine tasks and redirect resources to higher‑value investor initiatives. Firms such as Nissay, established within larger insurance groups, are seeking operational agility and improved client outcomes while maintaining compliance and audit‑ready controls.

Regional implications for Broadridge

Broadridge says the TAP supports scalable, audit‑ready operational controls and improved client reporting, positioning the company to expand digital AOT capabilities across Asia. By preserving core processes while introducing automation and secure cloud storage, the platform aims to reduce settlement risk and enhance oversight for buy‑side participants in the mortgage‑backed securities market.