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ED&F Man Capital Markets Inc. hit with margin calls

ED&F Man Capital Markets Inc. has been hit with growing demands to post more capital to cover souring hedges in its mortgage division, according to Bloomberg, citing people with knowledge of the matter.

Requests are coming from central clearinghouses and exchanges, forcing the firm to put up almost $100 million on Friday alone. ED&F has been in discussion with clearinghouses and has met all the margin calls, the report said.