Shinsei parcels mortgages in Hydra III and sales credits.

Presents updates on companies in Japan which offered securities in the country's securities market. Move of Shinsei Bank to launch a securitisation for Japanese residential mortgages; Launching of the mortgage backed security offerings by the Kanto Tsukuba Bank; Move of UFJ Bank to offer securitisation to small and medium sized companies by launching its second asset backed commercial paper conduits.