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To: Secret_Agent_Man who wrote (9007)	11/25/1998 9:47:00 PM
From: MACA	Read Replies (1) \| Respond to of 10786

Tokyo Stock Exchange's Derivatives System Fails Tokyo, Nov. 25 (Bloomberg) -- The Tokyo Stock Exchange's futures and options trading system failed for a second successive days after a programming error shut down trading in the last minute of business. Today's final transaction on Japanese government bond futures for December delivery wasn't executed because of a systems failure, the exchange said in a release. The TSE set the closing price on the contract at 137.81 yen on the last trade that was executed at 2:59 p.m. Japan time. The exchange said it was looking into the cause of the malfunction and would hold a press conference tonight. ''Systems failures at the TSE may be indicative of how on top of things the Japanese financial community is'' concerning the Year 2000 bug, said Paul Benson, a global derivatives and fixed income manager at WestLB Securities Pacific Ltd. Yesterday, trading of futures and options contracts for government bonds and stock indexes was suspended soon after trading started, and lasted until 2 p.m. TSE officials said yesterday's trading halt was caused by a glitch in the computer program that controls transmissions between the exchange's host server and client servers at member brokers. The problem may have been related with tests conducted over the weekend, TSE officials said yesterday. The futures and options system had recently been upgraded to address technical difficulties associated with the ''Year 2000'' software bug and only began operating on Nov. 2. 04:15:39 11/25/1998

To: Secret_Agent_Man who wrote (9007)	11/25/1998 9:50:00 PM
From: MACA	Read Replies (2) \| Respond to of 10786

Canadian Banks Prepared for Year 2000, Globe and Mail Says Toronto, Nov. 25 (Bloomberg) -- Canadian banks have devised contingency plans should their computers experience any problems on Jan. 1, 2000, the Canadian Bankers Association said yesterday, the Globe and Mail reported. According to the CBA, the banks will use magnetic tape to record all transaction and account information on Dec. 31, 1999, making certain all information will be on record should computers go awry. Mark Weseluck, vice- president of banking operations at the CBA, said the banks still have work to do to ensure customers don't panic and withdraw all their money before 2000, the paper reported. Computers that don't recognize the year 2000 won't have much effect on economic output other than the delay of some lower priority work, said the Organization of Economic Cooperation and Development. (G&M 11/25 B5, online edition: www.globeandmail.com) 10:30:05 11/25/1998