The Japan Bank for International Cooperation (JBIC) has set up a new division named the Investment Banking Planning Department (IBPD), as part of its efforts to strengthen its partial guarantee and securitisation operations.

IBPD will collaborate with loan departments and support the development of projects in developing countries through utilising new financial techniques, including securitisation and credit-default swap.

It was created in response to changes to regulations governing JBIC’s activities which are due to be implemented next year. In October 2008, the Japan Finance Corporation (JFC) will be established with the intention of taking control of JBIC’s International Financial Operations in its international finance sector. According the statutory law of JFC, its international finance division must conduct operations with a broader scope of guarantee coverage and securitisation to complement private financial activities.