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Amendment to "Guidelines on Eligible Collateral"

October 13, 2006
Bank of Japan

At the Monetary Policy Meeting held today, the Bank of Japan decided to amend the margin tables used in accepting eligible collateral as well as in conducting repo operations and securities lending. The decision was made as a result of the Bank's review conducted annually on appropriate margins reflecting recent developments in financial markets, with a view to maintaining the soundness of the Bank's assets and efficiency in market participants' use of collateral (see attachments 1-3 for the amended "Guidelines on Eligible Collateral," "Principal Terms and Conditions for the Purchase/Sale of Japanese Government Securities with Repurchase Agreements," and "Principal Terms and Conditions for the Sale of Japanese Government Securities with Repurchase Agreements to Provide the Markets with a Secondary Source of Japanese Government Securities