TOKYO GRAIN EXCHANGE TO RAISE MARGIN REQUIREMENTS
The Tokyo Grain Exchange said it will raise
the margin requirement on the spot and nearby month for U.S.
And Chinese soybeans and red beans, effective March 2.
    Spot April U.S. Soybean contracts will increase to 90,000
yen per 15 tonne lot from 70,000 now. Other months will stay
unchanged at 70,000, except the new distant February
requirement, which will be set at 70,000 from March 2.
    Chinese spot March will be set at 110,000 yen per 15 tonne
lot from 90,000. The exchange said it raised spot March
requirement to 130,000 yen on contracts outstanding at March
13. Chinese nearby April rises to 90,000 yen from 70,000.
    Other months will remain unchanged at 70,000 yen except new
distant August, which will be set at 70,000 from March 2.
    The new margin for red bean spot March rises to 150,000 yen
per 2.4 tonne lot from 120,000 and to 190,000 for outstanding
contracts as of March 13.
    The nearby April requirement for red beans will rise to
100,000 yen from 60,000, effective March 2.
    The margin money for other red bean months will remain
unchanged at 60,000 yen, except new distant August, for which
the requirement will also be set at 60,000 from March 2.
 REUTER
