DataSet-10
Unknown
56 pages
GHISLAINE MAXWELL
EFTA01569421
EFTA01569422
JPMorgan Chase Bank, N.A.
GHISLAINE MAXWELL
For the Period 3/1/11 to 3/31/11
Asset Account
J.P. Morgan Team
Paul Morris
Ian Hirschfield
Janet Young
Pauline Esposito
Online access
Banker
Investment Specialist
Client Service Team
Client Service Team
www.MoraanOnline.com
Table of Contents
Account Summary
Holdings
Equity
Alternative Assets
Cash & Fixed Income
Portfolio Activity
Page
2
4
7
8
13
Client News
J.P. Morgan Securities LLC's (JPMS LLC) and
J.P. Morgan Clearing Corp.'s (JPMCC) Net Capital
and Net Capital Requirements
At December 31, 2010, JPMS LLC's net capital of $6.8
billion exceeded the minimum regulatory net capital
requirement of $500 million by $6.3 billion. JPMCC's net
capital of $5.7 billion was approximately 6.3% of
aggregate debit items and exceeded the minimum
regulatory net capital requirement of $1.8 billion by $3.9
billion.
Complete copies of JPMS LLC's and JPMCC's individual
audited Statement of Financial Condition may be
obtained, at no cost, by accessing the following
JPMorgan Chase & Co. website address:
http://investor.shareholder.com/jpmorganchase/financial
-condition.cfm
Additionally, you may call the following toll free phone
EFTA01569423
n est a hard copy of the statement:
1
TurboTax Import Now Available For Your Investment
Accounts
If you utilize Intuit's TurboTax software, you can now
import your tax information automati all . Please contact
Private Banking Online Support at 1-
Monday-Friday 8:00 a.m.- 9:00 p.m. ET, Saturday and
Sunday 9:00 a.m.- 5:00 p.m. to establish access.
J.P. Morgan has no affiliation with TurboTax and we
bear no responsibility for any information contained in
their software.
0000002553.00.0.20.00003.MAXWE00.20110407
Page 1 of 30
EFTA01569424
GHISLAINE MAXWELL ACCT.
For the Period 3/1/11 to 3/31/11
Account Summary
Asset Allocation
Equity
Alternative Assets
Cash & Fixed Income
Market Value
Accruals
Market Value with Accruals
Beginning
Ending
Market Value
367,766.00
55,064.40
1,533,406.70
$1,956,237.10
18,543.09
$1,974,780.19
Market Value
390,123.00
55,944.00
1,551,630.27
$1,997,697.27
16,018.55
$2,013,715.82
Current
Portfolio Activity
Beginning Market Value
Withdrawals & Fees
Securities Transferred In
Securities Transferred Out
Net Contributions/Withdrawals
Income & Distributions
Change In Investment Value
Ending Market Value
Accruals
Market Value with Accruals
Period Value
1,956,237.10
(272.91)
968,257.16
(967,677.63)
$306.62
8,369.57
32,783.98
$1,997,697.27
16,018.55
$2,013,715.82
Change
In Value
EFTA01569425
22,357.00
879.60
18,223.57
$41,460.17
(2,524.54)
$38,935.63
Year-to-Date
Value
1,946,279.39
(724.97)
2,635,854.33
(2,637,849.53)
($2,720.17)
18,432.61
35,705.44
$1,997,697.27
16,018.55
$2,013,715.82
Equity
Cash &
Fixed Income
Estimated
16,832.50
Current
Annual Income Allocation
19%
3%
54,251.97
$71,084.47
78%
100%
Alternative
Assets
Asset Allocation
Page 2 of 30
EFTA01569426
GHISLAINE MAXWELL ACCT.
For the Period 3/1/11 to 3/31/11
Account Summary
Tax Summary
Domestic Dividends/Distributions
Currency Gain/Loss
Interest Income
Taxable Income
CONTINUED
Current
Period Value
300.00
(25.35)
8,094.92
$8,369.57
Year-to-Date
Value
730.00
(25.35)
17,727.96
$18,432.61
Unrealized Gain/Loss
To-Date Value
$31,412.95
ST Realized Gain/Loss
Realized Gain/Loss
Current
Period Value
(250.18)
($250.18)
Year-to-Date
Value
(250.18)
($250.18)
Cost Summary
Equity
Cash & Fixed Income
Total
1,538,379.40
Cost
394,422.92
$1,932,802.32
Page 3 of 30
EFTA01569427
GHISLAINE MAXWELL ACCT.
For the Period 3/1/11 to 3/31/11
Equity Summary
Asset Categories
US Large Cap Equity
US Small/Mid Cap Equity
Non-US Equity
Preferred Stocks
Concentrated & Other Equity
Total Value
Market Value/Cost
Market Value
Tax Cost
Unrealized Gain/Loss
Estimated Annual Income
Accrued Dividends
Yield
Beginning
Market Value
88,540.00
14,850.00
47,430.00
166,066.00
50,880.00
$367,766.00
Ending
Market Value
92,187.00
15,150.00
65,844.00
168,742.00
48,200.00
$390,123.00
Current
Period Value
390,123.00
394,422.92
(4,299.92)
16,832.50
1,046.88
4.31%
Non-US Equity
US Large Cap Equity
Change
In Value
3,647.00
300.00
18,414.00
2,676.00
(2,680.00)
$22,357.00
EFTA01569428
Current
Allocation
5%
1%
3%
8%
2%
19%
Preferred Stocks
Concentrated & Other Equity
US Small/Mid Cap Equity
Asset Categories
Equity as a percentage of your portfolio - 19 %
Page 4 of 30
EFTA01569429
GHISLAINE MAXWELL
Note:
P indicates position adjusted for Pending Trade Activity.
Equity Detail
Price
US Large Cap Equity
P
APOLLO GLOBAL MANAGEMENT LLC
AT&T INC
PFIZER INC
037612-30-6 APO
30.61
00206R-10-2 T
20.31
717081-10-3 PFE
PROSHARES ULTRASHORT S&P 500
PROSHARES TRUST
Total US Large Cap Equity
74347R-88-3 SDS
50.96
74347X-23-7 QID
$92,187.00
US Small/Mid Cap Equity
GERON CORP
374163-10-3 GERN
Non-US Equity
FIRST MAJESTIC SILVER CORP
ISIN CA32076V1031 SEDOL 2833583
32076V-91-3 AG CAD
21.24
3,100.000
65,844.00
41,251.64
24,592.36
$123,763.00
($31,576.00)
$2,920.00
3.17%
200.000
10,192.00
26,203.50
(16,011.50)
20.92
1,000.000
20,920.00
44,809.50
(23,889.50)
1,500.000
30,465.00
26,460.00
4,005.00
EFTA01569430
1,200.00
3.94%
1,000.000
30,610.00
26,290.00
4,320.00
1,720.00
5.62%
19.00
N/A
Quantity
Value
Adjusted Tax Cost
Original Cost
Unrealized
Gain/Loss
Est. Annual Inc.
Accrued Div.
Yield
ACCT. Q52167006
For the Period 3/1/11 to 3/31/11
5.05
3,000.000
15,150.00
18,129.32
(2,979.32)
Page 5 of 30
EFTA01569431
GHISLAINE MAXWELL ACCT.
For the Period 3/1/11 to 3/31/11
Price
Preferred Stocks
COUNTRYWIDE CAPITAL V
7% PFD
222388-20-9 CFC PB
3PM CHASE CAPITAL XXIX
6.7% PFD
48125E-20-7 3PM PC
Total Preferred Stocks
Concentrated & Other Equity
GENERAL MOTORS CO
CV PFD B
37045V-20-9 GM PB
25.48
2,500.000
63,700.00
$168,742.00
62,500.00
$161,278.96
1,200.00
$7,463.04
4,187.50
1,046.88
$11,537.50
$1,046.88
6.57%
6.84%
25.01
4,200.000
105,042.00
98,778.96
6,263.04
7,350.00
7.00%
Quantity
Value
Adjusted Tax Cost
Original Cost
Unrealized
Gain/Loss
Est. Annual Inc.
Accrued Div.
Yield
48.20
1,000.000
48,200.00
50,000.00
(1,800.00)
2,375.00
EFTA01569432
4.93%
Page 6 of 30
EFTA01569433
GHISLAINE MAXWELL ACCT.
For the Period 3/1/11 to 3/31/11
Alternative Assets Summary
Beginning
Asset Categories
Hard Assets
Estimated Value
55,064.40
Alternative Assets Detail
Price
Hard Assets
SPDR GOLD TRUST
78463V-10-7 GLD
139.86
400.000
55,944.00
33,482.00
Quantity
Estimated
Value
Cost
Ending
Estimated Value
55,944.00
Change
In Value
879.60
Current
Allocation
3%
Page 7 of 30
EFTA01569434
GHISLAINE MAXWELL ACCT.
For the Period 3/1/11 to 3/31/11
Cash & Fixed Income Summary
Beginning
Asset Categories
Cash
Non-USD Cash
Non-USD Short Term
US Fixed Income
Non-US Fixed Income
Complementary Structured Strategies
Total Value
Market Value/Cost
Market Value
Tax Cost
Unrealized Gain/Loss
Estimated Annual Income
Accrued Interest
Yield
Market Value
212,154.63
281,715.71
48,013.49
512,060.00
334,268.87
145,194.00
$1,533,406 70
Ending
Market Value
220,001.11
178,983.43
153,381.86
516,164.00
338,979.87
144,120.00
$1,551,630.27
Current
Period Value
1,551,630.27
1,538,379.40
13,250.87
54,251.97
14,971.67
8.09%
Change
In Value
7,846.48
(102,732.28)
105,368.37
4,104.00
4,711.00
EFTA01569435
(1,074.00)
$18,223.57
Current
Allocation
11%
9%
8%
26%
17%
7%
78%
Complementary Structured
Strategies
Non-USD Short Term
Non-US Fixed Income
Non-USD Cash
Cash
Cash & Fixed Income as a percentage of your portfolio 78 %
US Fixed Income
Asset Categories
Page 8 of 30
EFTA01569436
GHISLAINE MAXWELL ACCT.
For the Period 3/1/11 to 3/31/11
SUMMARY BY MATURITY
1
Cash & Fixed Income
0-6 months
6-12 months,
1-5 years,
5-10 years,
Total Value
1
SUMMARY BY TYPE
Market
Value
777,723.47
48,642.93
437,593.87
287,670.00
$1,551,630.27
% of Bond
Portfolio
51%
3%
28%
18%
100%
The years indicate the number of years until the bond is scheduled to mature
based on the statement end date. Some bonds may be called, or paid in full,
before their stated maturity.
Note:
1
Cash & Fixed Income
Cash
NON USD Cash
Govt and Agency Bonds
International Bonds
Complementary Structure
Other
Total Value
Market
Value
220,001.11
178,983.43
98,614.00
635,911.73
144,120.00
274,000.00
$1,551,630 27
% of Bond
Portfolio
14%
EFTA01569437
11%
6%
43%
9%
17%
100%
This is the Annual Percentage Yield (APY) which is the rate earned if
balances remain on deposit for a full year with compounding, there is no
change in the interest rate and all interest
is left in the account.
Cash & Fixed Income Detail
Price
Cash
US DOLLAR
COST OF PENDING PURCHASES
PROCEEDS FROM PENDING SALES
3PM NY MUNI MM FD - MORGAN
Total Cash
1.00
1.00
1.00
1.00
220,250.29
(9,500.00)
9,249.82
1.00
220,250.29
(9,500.00)
9,249.82
1.00
$220,001.11
220,250.29
(9,500.00)
9,249.82
1.00
$220,001.11
$0.00
$66.07
$5.49
0.03%
66.07
5.49
0.03%
Quantity
Value
Adjusted Tax Cost
Original Cost
Unrealized
Gain/Loss
Est. Annual Income
Accrued Interest
EFTA01569438
Yield
Page 9 of 30
EFTA01569439
GHISLAINE MAXWELL ACCT.
For the Period 3/1/11 to 3/31/11
Price
Non-USD Cash
CANADIAN DOLLAR
POUND STERLING
JP MORGAN CHASE BANK - NOK
LONDON TIME DEPOSITS 1.4500%
DATED 03/25/2011 MATURITY 04/01/2011
HELD BY LONDON TREASURY SERVICES
Total Non-USD Cash
Non-USD Short Term
JP MORGAN CHASE BANK - NOK
LONDON TIME DEPOSITS 1.4500%
DATED 03/31/2011 MATURITY 04/07/2011
HELD BY LONDON TREASURY SERVICES
Bearer
2520V9-9D-5 NOK
INTER AMERICAN DEVEL BANK - IDR
6.7% OCT 31 2011
DTD 10/30/2009
HELD BY EUROCLEAR
ISIN XS0459432679 SEDOL B5756J3
458183-9K-8 NA /AAA IDR
Total Non-USD Short Term
$153,381.86
$150,487.96
$2,893.90
$4,747.52
$1,348.74
44.54%
0.01
419,625,000.00
48,642.93
48,769.75
(126.82)
3,228.81
1,344.56
6.36%
$178,983.43
$163,139.31
$15,844.12
$1,637.66
1.00%
1.03
1.60
18.08
64,089.11
97.73
624,768.76
65,884.44
EFTA01569440
156.66
112,942.33
60,690.45
153.54
102,295.32
5,193.99
3.12
10,647.01
1,637.66
1.59%
Quantity
Value
Adjusted Tax Cost
Original Cost
Unrealized
Gain/Loss
Est. Annual Income
Accrued Interest
Yield
17.90
3/30/11
585,260.20
104,738.93
101,718.21
3,020.72
1,518.71
4.18
62.27%
Page 10 of 30
EFTA01569441
GHISLAINE MAXWELL ACCT.
For the Period 3/1/11 to 3/31/11
Price
US Fixed Income
CITIGROUP CAPITAL XIII
7 7/8% PFD
173080-20-1 NA /BA1
FHLB 1.25% 09/29/15
BARCLAYS BANK PLC
313371-2G-0 AAA /WR
95.70
MEDIUM TERM NOTE 2 2/1% OCT 20 2017
DTD 10/20/2010
06740P-VG-8 NA /AA3
Total US Fixed Income
Non-US Fixed Income
INTL BK RECON & DEVELOP - BRL
8.75% JUN 15 2012
DTD 08/20/2009
HELD BY EUROCLEAR
ISIN XS0446421157 SEDOL B435Z93
459058-96-1 NA /AAA BRL
INTER AMERICAN DEVELOPMENT BANK- INR
MEDIUM TERM NOTE 3% MAR 25 2014
DTD 03/25/2010
HELD BY EUROCLEAR
ISIN XS0495010562 SEDOL B5114T3
U45818-9G-5 AAA /AAA INR
2.05
2/28/11
6,700,000.00
137,137.95
143,232.17
(6,094.22)
4,440.51
84.81
6.29%
61.15
90,000.00
55,032.92
50,106.74
4,926.18
4,840.94
3,846.19
9.17%
$516,164.00
$511,300.00
$4,864.00
$24,690.00
$1,683.90
5.01%
EFTA01569442
150,000.00
143,550.00
150,000.00
(6,450.00)
98.61
100,000.00
98,614.00
100,000.00
(1,386.00)
1,250.00
6.90
3,750.00
1,677.00
1.57%
3.23%
Quantity
Value
Adjusted Tax Cost
Original Cost
Unrealized
Gain/Loss
Est. Annual Income
Accrued Interest
Yield
27.40
10,000.00
274,000.00
261,300.00
12,700.00
19,690.00
7.19%
Page 11 of 30
EFTA01569443
GHISLAINE MAXWELL ACCT.
For the Period 3/1/11 to 3/31/11
Price
Non-US Fixed Income
INTER AMERICAN DEVEL BK - IDR
MEDIUM TERM NOTE 6.50% JUN 04 2014
DTD 06/04/2010
HELD BY EUROCLEAR
ISIN XS0513770957 SEDOL 944985B
45818W-9K-4 IDR
Total Non-US Fixed Income
Complementary Structured Strategies
MS 7YNC1Y STEP-UP NOTE 09/13/17
INITIAL RATE 2.75% CPN
WHERE MAX RATE IS 6% PER ANNUM
DD 9/8/10
61745E-6Q-9 A /A2
$338,979.87
$343,451.02
($4,471.15)
$18,985.72
$11,933.54
7.23%
Quantity
Value
Adjusted Tax Cost
Original Cost
Unrealized
Gain/Loss
Est. Annual Income
Accrued Interest
Yield
0.01 1,300,000,000.00
146,809.00
150,112.11
(3,303.11)
9,704.27
8,002.54
7.39%
96.08
150,000.00
144,120.00
150,000.00
(5,880.00)
4,125.00
3.44%
Page 12 of 30
EFTA01569444
GHISLAINE MAXWELL ACCT.
For the Period 3/1/11 to 3/31/11
Portfolio Activity Summary - U S Dollar
Beginning Cash Balance
PRINCIPAL
Current
Transactions
Income
INFLOWS
Foreign Exchange - Inflows
Total Inflows
Ending Cash Balance
3,638.91
4,457.75
$8,096.66
$220,250.29
* Year to date information is calculated on a calendar year basis.
Your account's standing instructions use a HIGH COST method for relieving
assets from your position
Portfolio Activity Detail - U S Dollar
INFLOWS & OUTFLOWS
Settlement
Date
3/1
3/1
Type
Selection Method
Domestic Dividend/Distribution
Interest Income
Description
PFIZER INC
@ 0.20 PER SHARE
DEPOSIT SWEEP INTEREST FOR FEB. @
.03% RATE ON NET AVG COLLECTED
BALANCE OF $212,153.63
AS OF 03/01/11
3/1
Interest Income
GENERAL MOTORS CO
CV PFD B
@ 0.646527 PER SHARE
Page 13 of 30
1,000.000
0.647
646.53
4.88
Quantity
Cost
1,500.000
Per Unit
Amount
EFTA01569445
0.20
PRINCIPAL
Amount
300.00
INCOME
Amount
13,249.89
4,457.75
$17,707.64
-$0.00
$0.00
$0.00
-Period
Value
212,153.63
Year-To-Date
Value*
-INCOME
Current
Period
Value
0.00
Year-To-Date
Value*
EFTA01569446
GHISLAINE MAXWELL ACCT.
For the Period 3/1/11 to 3/31/11
INFLOWS & OUTFLOWS
Settlement
Type
Date
3/14
Selection Method
Corporate Interest
Description
MS 7YNC1Y STEP-UP NOTE 09/13/17
INITIAL RATE 2.75% CPN
WHERE MAX RATE IS 6% PER ANNUM
DD 9/8/10
3/29
Spot FX
SPOT CURRENCY TRANSACTION - SELL
BUY USD SELL INR
EXCHANGE RATE 45.090000000
DEAL 03/29/11 VALUE 03/29/11
3/29
Corporate Interest
FHLB
MEDIUM TERM NOTE
1 1/4% SEP 29 2015
DTD 09/29/2010 STEP CPN
Total Inflows & Outflows
TRADE ACTIVITY
Note:
Trade
Date
3/30
Estimated
Settlement
Date
4/4
$8,096.66
100,000.000
0.006
625.00
(201,000.000)
(4,483.10)
4,457.75
Quantity
Cost
Per Unit
Amount
150,000.000
0.014
PRINCIPAL
Amount
EFTA01569447
2,062.50
INCOME
Amount
S indicates Short Term Realized Gain/Loss
Type
Selection Method
Pending Sales, Maturities, Redemptions
Sale
Description
APOLLO GLOBAL MANAGEMENT LLC
Quantity
(500.000)
Per Unit
Amount
18.70
Proceeds
9,249.82
Tax Cost
(9,500.00)
Realized
Gain/Loss
(250.18) S
Page 14 of 30
EFTA01569448
GHISLAINE MAXWELL ACCT.
For the Period 3/1/11 to 3/31/11
Trade
Date
Estimated
Settlement
Date
4/4
Type
Pending Securities Purchased
3/29
Purchase
Description
APOLLO GLOBAL MANAGEMENT LLC
Quantity
500.000
Per Unit
Amount
19.00
Market Cost
(9,500.00)
Page 15 of 30
EFTA01569449
GHISLAINE MAXWELL ACCT.
For the Period 3/1/11 to 3/31/11
Portfolio Activity Summary - Indian Rupee
PRINCIPAL
US Dollar Value
Current
Transactions
Beginning Cash Balance
INFLOWS
Total Inflows
Income
OUTFLOWS **
Total Outflows
Foreign Exchange - Outflows
Ending Cash Balance
* Year to date information is calculated on a calendar year basis.
** Your account's standing instructions use a HIGH COST method for relieving
assets from your position
INCOME
US Dollar Value
Current
Transactions
Beginning Cash Balance
Ending Cash Balance
* Year to date information is calculated on a calendar year basis.
** Your account's standing instructions use a HIGH COST method for relieving
assets from your position
Period Value
--Year-To-Date
Value*
--Local
Value
Current
Period Value
0.00
0.00
Year-To-Date
Value*
--Period
Value
-4,483.10
$4,483.10
(4,457.75)
($4,457.75)
-Year-To-Date
Value*
-4,483.10
$4,483.10
(4,457.75)
($4,457.75)
-Local
EFTA01569450
Value
Current
Period Value
0.00
201,000.00
201,000.00
(201,000.00)
(201,000.00)
0.00
Year-To-Date
Value*
-201,000.00
201,000.00
(201,000.00)
(201,000.00)
-Page
16 of 30
EFTA01569451
GHISLAINE MAXWELL ACCT.
For the Period 3/1/11 to 3/31/11
Portfolio Activity Detail - Indian Rupee
INFLOWS & OUTFLOWS
Settlement
Type
Date
3/29
Selection Method
Spot FX
Description
SPOT CURRENCY TRANSACTION - SELL
BUY USD SELL INR
EXCHANGE RATE 45.090000000
DEAL 03/29/11 VALUE 03/29/11
3/29
Foreign Interest
INTER AMERICAN DEVELOPMENT BANK- INR
MEDIUM TERM NOTE 3% MAR 25 2014
DTD 03/25/2010
HELD BY EUROCLEAR
ISIN XS0495010562 SEDOL B5114T3
AS OF 03/25/11
Total Inflows & Outflows
$25.35
($25.35)
6,700,000.000
0.001
0.03
4,483.10
201,000.00
Quantity
4,457.750
Per Unit
Amount USD
Local Value
PRINCIPAL
Amount USD
Local Value
(4,457.75)
(201,000.00)
INCOME
Amount USD
Local Value
Currency
Gain/Loss USD
(25.35)
Page 17 of 30
EFTA01569452
GHISLAINE MAXWELL ACCT.
For the Period 3/1/11 to 3/31/11
Portfolio Activity Summary - Norwegian Krone
PRINCIPAL
US Dollar Value
Current
Transactions
Beginning Cash Balance
INFLOWS
Total Inflows
Income
OUTFLOWS **
Total Outflows
Withdrawals
Ending Cash Balance
* Year to date information is calculated on a calendar year basis.
** Your account's standing instructions use a HIGH COST method for relieving
assets from your position
INCOME
US Dollar Value
Current
Transactions
Beginning Cash Balance
Ending Cash Balance
* Year to date information is calculated on a calendar year basis.
** Your account's standing instructions use a HIGH COST method for relieving
assets from your position
Period Value
--Year-To-Date
Value*
--Local
Value
Current
Period Value
0.00
0.00
Year-To-Date
Value*
--Period
Value
-272.91
$272.91
(272.91)
($272.91)
-Year-To-Date
Value*
-724.97
$724.97
(724.97)
($724.97)
-Local
EFTA01569453
Value
Current
Period Value
0.00
1,528.45
1,528.45
(1,528.45)
(1,528.45)
0.00
Year-To-Date
Value*
-4,144.61
4,144.61
(4,144.61)
(4,144.61)
-Page
18 of 30
EFTA01569454
GHISLAINE MAXWELL ACCT.
For the Period 3/1/11 to 3/31/11
Portfolio Activity Detail - Norwegian Krone
INFLOWS & OUTFLOWS
Settlement
Type
Date
3/3
Selection Method
Foreign Interest
Description
JP MORGAN CHASE BANK - NOK
LONDON TIME DEPOSITS 1.4500%
DATED 02/24/2011 MATURITY 03/03/2011
HELD BY LONDON TREASURY SERVICES
3/3
3/3
Misc. Disbursement
Free Delivery
High Cost
REP: ROLLOVER TO TIME DEPOSIT
JP MORGAN CHASE BANK - NOK
NORWEGIAN KRONE
(584,435.850)
LONDON TIME DEPOSITS 1.4500%
DATED 02/24/2011 MATURITY 03/03/2011
HELD BY LONDON TREASURY SERVICES
CLIENT REF FTD
3/3
Receipt of Assets
JP MORGAN CHASE BANK - NOK
LONDON TIME DEPOSITS 1.4500%
DATED 03/03/2011 MATURITY 03/10/2011
HELD BY LONDON TREASURY SERVICES
CLIENT REF FTD
3/4
Foreign Interest
JP MORGAN CHASE BANK - NOK
LONDON TIME DEPOSITS 1.4500%
DATED 02/25/2011 MATURITY 03/04/2011
HELD BY LONDON TREASURY SERVICES
3/4
3/4
Misc. Disbursement
Free Delivery
High Cost
REP: ROLLOVER TO TIME DEPOSIT
JP MORGAN CHASE BANK - NOK
NORWEGIAN KRONE
(624,064.660)
LONDON TIME DEPOSITS 1.4500%
EFTA01569455
DATED 02/25/2011 MATURITY 03/04/2011
HELD BY LONDON TREASURY SERVICES
CLIENT REF FTD
Page 19 of 30
(175.950)
(31.50)
(175.95)
624,064.660
31.50
175.95
584,600.630
(164.780)
(29.66)
(164.78)
Quantity
584,435.850
Per Unit
Amount USD
Local Value
PRINCIPAL
Amount USD
Local Value
29.66
164.78
INCOME
Amount USD
Local Value
Currency
Gain/Loss USD
EFTA01569456
GHISLAINE MAXWELL ACCT.
For the Period 3/1/11 to 3/31/11
INFLOWS & OUTFLOWS
Per Unit
Settlement
Date
3/4
Type
Selection Method
Receipt of Assets
Description
JP MORGAN CHASE BANK - NOK
LONDON TIME DEPOSITS 1.4500%
DATED 03/04/2011 MATURITY 03/11/2011
HELD BY LONDON TREASURY SERVICES
CLIENT REF FTD
3/10
Foreign Interest
JP MORGAN CHASE BANK - NOK
LONDON TIME DEPOSITS 1.4500%
DATED 03/03/2011 MATURITY 03/10/2011
HELD BY LONDON TREASURY SERVICES
3/10
3/10
Misc. Disbursement
Free Delivery
High Cost
REP: ROLLOVER TO TIME DEPOSIT
JP MORGAN CHASE BANK - NOK
NORWEGIAN KRONE
(584,600.630)
LONDON TIME DEPOSITS 1.4500%
DATED 03/03/2011 MATURITY 03/10/2011
HELD BY LONDON TREASURY SERVICES
CLIENT REF FTD
3/10
Receipt of Assets
JP MORGAN CHASE BANK - NOK
LONDON TIME DEPOSITS 1.4500%
DATED 03/10/2011 MATURITY 03/17/2011
HELD BY LONDON TREASURY SERVICES
CLIENT REF FTD
3/11
Foreign Interest
JP MORGAN CHASE BANK - NOK
LONDON TIME DEPOSITS 1.4500%
DATED 03/04/2011 MATURITY 03/11/2011
HELD BY LONDON TREASURY SERVICES
3/11
Misc. Disbursement
REP: ROLLOVER TO TIME DEPOSIT
EFTA01569457
NORWEGIAN KRONE
(176.000)
(31.14)
(176.00)
624,240.610
31.14
176.00
584,765.450
(164.820)
(29.61)
(164.82)
584,600.630
29.61
164.82
Quantity
624,240.610
Amount USD
Local Value
PRINCIPAL
Amount USD
Local Value
INCOME
Amount USD
Local Value
Currency
Gain/Loss USD
Page 20 of 30
EFTA01569458
GHISLAINE MAXWELL ACCT.
For the Period 3/1/11 to 3/31/11
INFLOWS & OUTFLOWS
Per Unit
Settlement
Date
3/11
Type
Selection Method
Free Delivery
High Cost
Description
JP MORGAN CHASE BANK - NOK
LONDON TIME DEPOSITS 1.4500%
DATED 03/04/2011 MATURITY 03/11/2011
HELD BY LONDON TREASURY SERVICES
CLIENT REF FTD
3/11
Receipt of Assets
JP MORGAN CHASE BANK - NOK
LONDON TIME DEPOSITS 1.4500%
DATED 03/11/2011 MATURITY 03/18/2011
HELD BY LONDON TREASURY SERVICES
CLIENT REF FTD
3/17
Foreign Interest
JP MORGAN CHASE BANK - NOK
LONDON TIME DEPOSITS 1.4500%
DATED 03/10/2011 MATURITY 03/17/2011
HELD BY LONDON TREASURY SERVICES
3/17
3/17
Misc. Disbursement
Free Delivery
High Cost
REP: ROLLOVER TO TIME DEPOSIT
JP MORGAN CHASE BANK - NOK
NORWEGIAN KRONE
(584,765.450)
LONDON TIME DEPOSITS 1.4500%
DATED 03/10/2011 MATURITY 03/17/2011
HELD BY LONDON TREASURY SERVICES
CLIENT REF FTD
3/17
Receipt of Assets
JP MORGAN CHASE BANK - NOK
LONDON TIME DEPOSITS 1.4500%
DATED 03/17/2011 MATURITY 03/24/2011
HELD BY LONDON TREASURY SERVICES
CLIENT REF FTD
3/18
EFTA01569459
Foreign Interest
JP MORGAN CHASE BANK - NOK
LONDON TIME DEPOSITS 1.4500%
DATED 03/11/2011 MATURITY 03/18/2011
HELD BY LONDON TREASURY SERVICES
Page 21 of 30
624,416.610
31.13
176.05
584,930.320
(164.870)
(29.07)
(164.87)
584,765.450
29.07
164.87
624,416.610
Quantity
(624,240.610)
Amount USD
Local Value
PRINCIPAL
Amount USD
Local Value
INCOME
Amount USD
Local Value
Currency
Gain/Loss USD
EFTA01569460
GHISLAINE MAXWELL ACCT.
For the Period 3/1/11 to 3/31/11
INFLOWS & OUTFLOWS
Per Unit
Settlement
Date
3/18
3/18
Type
Selection Method
Misc. Disbursement
Free Delivery
High Cost
Description
REP: ROLLOVER TO TIME DEPOSIT
JP MORGAN CHASE BANK - NOK
NORWEGIAN KRONE
(624,416.610)
LONDON TIME DEPOSITS 1.4500%
DATED 03/11/2011 MATURITY 03/18/2011
HELD BY LONDON TREASURY SERVICES
CLIENT REF FTD
3/18
Receipt of Assets
JP MORGAN CHASE BANK - NOK
LONDON TIME DEPOSITS 1.4500%
DATED 03/18/2011 MATURITY 03/25/2011
HELD BY LONDON TREASURY SERVICES
CLIENT REF FTD
3/24
Foreign Interest
JP MORGAN CHASE BANK - NOK
LONDON TIME DEPOSITS 1.4500%
DATED 03/17/2011 MATURITY 03/24/2011
HELD BY LONDON TREASURY SERVICES
3/24
3/24
Misc. Disbursement
Free Delivery
High Cost
REP: ROLLOVER TO TIME DEPOSIT
JP MORGAN CHASE BANK - NOK
NORWEGIAN KRONE
(584,930.320)
LONDON TIME DEPOSITS 1.4500%
DATED 03/17/2011 MATURITY 03/24/2011
HELD BY LONDON TREASURY SERVICES
CLIENT REF FTD
3/24
Receipt of Assets
JP MORGAN CHASE BANK - NOK
EFTA01569461
LONDON TIME DEPOSITS 1.4500%
DATED 03/24/2011 MATURITY 03/31/2011
HELD BY LONDON TREASURY SERVICES
CLIENT REF FTD
585,095.240
(164.920)
(29.50)
(164.92)
584,930.320
29.50
164.92
624,592.660
Quantity
(176.050)
Amount USD
Local Value
PRINCIPAL
Amount USD
Local Value
(31.13)
(176.05)
INCOME
Amount USD
Local Value
Currency
Gain/Loss USD
Page 22 of 30
EFTA01569462
GHISLAINE MAXWELL ACCT.
For the Period 3/1/11 to 3/31/11
INFLOWS & OUTFLOWS
Per Unit
Settlement
Date
3/25
Type
Selection Method
Foreign Interest
Description
JP MORGAN CHASE BANK - NOK
LONDON TIME DEPOSITS 1.4500%
DATED 03/18/2011 MATURITY 03/25/2011
HELD BY LONDON TREASURY SERVICES
3/25
3/25
Misc. Disbursement
Free Delivery
High Cost
REP: ROLLOVER TO TIME DEPOSIT
JP MORGAN CHASE BANK - NOK
NORWEGIAN KRONE
(624,592.660)
LONDON TIME DEPOSITS 1.4500%
DATED 03/18/2011 MATURITY 03/25/2011
HELD BY LONDON TREASURY SERVICES
CLIENT REF FTD
3/25
Receipt of Assets
JP MORGAN CHASE BANK - NOK
LONDON TIME DEPOSITS 1.4500%
DATED 03/25/2011 MATURITY 04/01/2011
HELD BY LONDON TREASURY SERVICES
CLIENT REF FTD
3/31
Foreign Interest
JP MORGAN CHASE BANK - NOK
LONDON TIME DEPOSITS 1.4500%
DATED 03/24/2011 MATURITY 03/31/2011
HELD BY LONDON TREASURY SERVICES
3/31
3/31
Misc. Disbursement
Free Delivery
High Cost
REP: ROLLOVER TO TIME DEPOSIT
JP MORGAN CHASE BANK - NOK
NORWEGIAN KRONE
(585,095.240)
LONDON TIME DEPOSITS 1.4500%
EFTA01569463
DATED 03/24/2011 MATURITY 03/31/2011
HELD BY LONDON TREASURY SERVICES
CLIENT REF FTD
(164.960)
(29.52)
(164.96)
585,095.240
29.52
164.96
624,768.760
(176.100)
(31.78)
(176.10)
Quantity
624,592.660
Amount USD
Local Value
PRINCIPAL
Amount USD
Local Value
31.78
176.10
INCOME
Amount USD
Local Value
Currency
Gain/Loss USD
Page 23 of 30
EFTA01569464
GHISLAINE MAXWELL ACCT.
For the Period 3/1/11 to 3/31/11
INFLOWS & OUTFLOWS
Per Unit
Settlement
Date
3/31
Type
Selection Method
Receipt of Assets
Description
JP MORGAN CHASE BANK - NOK
LONDON TIME DEPOSITS 1.4500%
DATED 03/31/2011 MATURITY 04/07/2011
HELD BY LONDON TREASURY SERVICES
CLIENT REF FTD
Total Inflows & Outflows
$0.00
Quantity
585,260.200
Amount USD
Local Value
PRINCIPAL
Amount USD
Local Value
INCOME
Amount USD
Local Value
Currency
Gain/Loss USD
Page 24 of 30
EFTA01569465
GHISLAINE MAXWELL ACCT.
For the Period 3/1/11 to 3/31/11
Settled Foreign Exchange Contracts
Currency
Trade Date
Settle Date Counter Currency
Trade Related
INDIAN RUPEE
U S DOLLAR
Mar. 29 11
Mar. 29 11
INR
USD
Amount
Counter Amount Contract Rate Revaluation Rate
(201,000.00)
4,457.75
45.090000
44.835047
Contracted Base
Amount USD
4,457.75
Revalued
Amount USD
(4,483.10)
Currency G/L
(25.35)
Page 25 of 30
EFTA01569466
GHISLAINE MAXWELL ACCT.
For the Period 3/1/11 to 3/31/11
In Case of Errors or Questions About Your Electronic Transfers.
Contact your J.P. Morgan Team at one of the tele hone numbers on the front
of this statement or write us at
as soon as you can, if you
think your statement is wrong or if you need more information about a
transfer on the statement. We must hear from you no later than 60 days after
we sent you the FIRST statement on which the error
or problem appeared. (1) Tell us your name and account number. (2) Describe
the error or the transfer you are unsure about, and explain as clearly as
you can why you believe it is in error or why you
need more information. (3) tell us the dollar amount of the suspected error.
If you contact us orally, you must send us your complaint or question in
writing within 10 business days in order to preserve
your rights. We will investigate your complaint and will correct any error
promptly. If we take more than 10 business days to do this (20 days for
purchases using your debit card or for international
transactions), we will credit your account for the amount you think is in
error, so that you will have the use of money during the time it takes us to
complete our investigation.
In case of errors or questions about your statement, including your line of
credit.
If you think that your statement is incorrect or if you need more
information about a transaction on your statement including a line of credit
transaction, you must write to us on a separate sheet describin
the error and send it to: J.P. Morgan's Private Bank,
We must hear from you no later than 60
days after the statement on which the
error or problem appeared is sent. You can contact your client service
specialist but doing so will not preserve your rights.
Please review your account statement and promptly report any inaccuracy or
discrepancy including possible unauthorized trading activity, unrecorded
dividend payments, and unaccounted cash
positions in writing to both the introducing broker, JPMS and the clearing
firm, JPMCC at the addresses shown on your statement. Any oral communication
should be re-confirmed in writing to further
protect your rights, including your rights under the Securities Investor
Protection Act (SIPA). If you have any questions please contact your JPMS
Account Representative or JPMS Compliance
Department at
In your letter, please provide the following information: (1) your name and
account number; (2) the dollar amount of the suspected error; and (3) a
description of the error and explanation, if you can, why
you believe there is an error. If you need more information, you must
describe the item you are unsure about.
Important Information about Pricing and Valuations
Certain assets including but not limited to, pooled private investments, non -
publicly traded and infrequently traded securities, derivatives, partnership
interests and tangible assets are generally illiquid,
the value of which may have been provided to us by third parties who may not
EFTA01569467
be independent of the issuer or manager. Such information is reflected as of
the last date provided to us, and is not
independently verified.
Prices, some of which are provided by pricing services or other sources
which we deem reliable, are not guaranteed for accuracy or as realizable
values.
Market value information (including without limitation, prices, exchange
rates, accrued income and bond ratings) furnished herein has been obtained
from sources that J.P. Morgan believes to be
reliable and is furnished for the exclusive use of the client.
J.P. Morgan makes no representation, warranty or guarantee, express or
implied, that any quoted value represents the actual terms at which
transactions or securities could be bought or sold or new
transactions could be entered into, or the actual terms on which existing
transactions or securities could be liquidated.
The current price is the value of the financial asset share, unit or
contract as priced at the close of the market on the last day of the
statement period or the last available price.
All values provided for structured yield deposits (for example, JPMorgan
London Time Deposits) reflect the original deposit amount only.
The current value for Real Estate, Mineral Interests and Miscellaneous
Assets may not reflect the most current value of the asset.
Valuations of over-the-counter derivative transactions, including certain
derivatives-related deposit products, have been prepared on a mid-market
basis. These valuations are indicative values as of the
Page 26 of 30
EFTA01569468
GHISLAINE MAXWELL ACCT.
For the Period 3/1/11 to 3/31/11
close of business of the date of this statement and, except as otherwise
agreed in writing, these valuations do not represent the actual terms at
which transactions or securities could be bought or sold or
new transactions could be entered into, or the actual terms on which
existing transactions or securities could be liquidated as of the date of
this statement. We do not warrant their completeness or
accuracy. These valuations are derived from proprietary models based upon
well-recognized financial principles and we have, when necessary to
calculate the present value of future cash flows, made
reasonable estimates about relevant future market conditions. Valuations
based on other models or different assumptions may yield different results.
J.P. Morgan expressly disclaims any responsibility
for (1) the accuracy of the models or estimates used in deriving the
valuations, (2) any errors or omissions in computing or disseminating the
valuations, and (3) any uses to which the valuations are put.
Valuations are provided for information purposes only and are intended
solely for your own use. Please refer to the trade confirmation for details
of each transaction.
Please review your statement promptly and report any discrepancies
immediately to an account officer whose name appears on the contact page of
this statement.
The JPMorgan Funds or The JPMorgan Institutional Funds or The American
Century Funds
Shares of the funds are not bank deposits and are not guaranteed by any
bank, government entity, or the FDIC. Return and share price will fluctuate
and redemption value may be more or less than
original cost. While the money market funds seek to maintain a stable net
asset value of $1.00 per share, there is no assurance that they will
continue to do so. The estimated annual income and
dividend yield figures for mutual funds represent the funds' most recent
income dividend annualized.
The distributor of the JPMorgan Funds is JPMorgan Distribution Services,
Inc., which is an affiliate of the Bank. The Bank and its affiliates receive
compensation from JPMorgan Funds for providing
services. American Century Investment Services, Inc. is the distributor of
the American Century Funds. American Century Investment Management Inc.
serves as investment advisor to its respective
fund family and receives compensation from that fund family for providing
investment advisory and other services.
This statement is not an official document for income tax reporting purposes.
Deposits in Foreign Branches are not insured by the FDIC or any other Agency
of the Federal Government; Amounts in such foreign accounts do not have the
benefit of any Domestic
preference applicable to U.S Banks; certain Foreign accounts are considered
reportable to the Internal Revenue Service on a Report of Foreign Bank and
Financial Account (TD F 90-22.1).
Important Information Regarding Auction Rate Securities (ARS). ARS are debt
or preferred securities with an interest or dividend rate reset periodically
in an auction. Although there may be daily,
EFTA01569469
weekly and monthly resets, there is no guarantee that there will be
liquidity. If there are not enough bids at an auction to redeem the
securities available for sale, the result may be a failed auction. In the
event of a failed auction, there is no assurance that a secondary market
will develop or that the security will trade at par or any other price
reflected on statements and online.Accordingly, investors
should not rely on pricing information appearing in their statements or
online with respect to ARS. Where J.P. Morgan was unable to obtain a price
from an outside service for a particular ARS, the price
column on your statement and online will indicate "$0.00" which however
should not be relied on as the price at which ARS would trade.
Fund manager disclosure information available upon request
If you have an investment account that is managed by an SEC-Registered
Investment Advisor, the Private Bank of J.P. Morgan will provide a copy of
the advisor's Form ADV II or brochure upon written
request.
Additional Information About Your Accounts
Securities purchased or sold through JPMS (1) other than mutual funds, are
cleared through J.P.Morgan Clearing Corp. ("JPMCC"), an affiliate of 3PMS,
and (2) other than exchange-listed options, are
held in your Asset Account at 3PMorgan Chase Bank, N.A. Positions in
exchange-listed options are held by 3.P.Morgan Clearing Corp. and are not
delivered to or from your Asset Account. For your
convenience, however, positions in exchange-listed options are presented in
this Asset Account statement together with other assets held in that
account. All pertinent information about your settled
and pending purchases and sales effected through your 3PMS account during
the period covered by this statement, is summarized in the "Trade Activity"
portion of this statement.
You should have received separate confirmations for each securities
transaction. All transactions are subject to the terms and conditions stated
on the reverse side of such confirmations and are subject
to the constitution, by-laws, customs and interpretations of the marketplace
where executed and governed by and construed in accordance with the laws of
the State of New York and all applicable
federal laws and regulations. Further information with respect to
commissions and other charges related to the execution of transactions,
including options transactions, has been included in
confirmations that were previously furnished to you. Upon written request,
3PMS will promptly supply you with the latest such information.
Page 27 of 30
EFTA01569470
GHISLAINE MAXWELL ACCT.
For the Period 3/1/11 to 3/31/11
Shareholders of certain JPMorgan Funds are charged a redemption fee equal to
2% of the proceeds if they exchange or redeem shares of such funds within 60
days of purchase, subject to certain
exceptions set forth in the prospectus of the applicable Fund. Please
consult your J.P. Morgan representative for a list of the JPMorgan Funds
that impose redemption fees.
JPMCC and JPMS are members of the Securities Investor Protection Corp
("SIPC"), a not-for-profit membership corporation funded by broker-dealers
registered with the Securities and Exchange
Commission. Securities and cash held for a customer at JPMS and JPMCC are
protected by SIPC up to $500,000 per customer, which includes up to $100,000
of protection for cash. SIPC does not
protect against losses from fluctuations in the value of the securities.
Assets held in custody by JPMorgan Chase Bank, N.A. (the "Bank") are not
subject to SIPC. You may obtain information about
SIPC, including the SIPC Brochure, on their website, at "www.sipc.org" or by
contacting them at (202) 371-8300.
To the extent applicable, please read the following disclosures regarding
estimated annual income (EAI) and estimated yield (EY): EAI and EY for
certain types of securities could include a return of
principal or capital gains in which case the EAI and EY would be overstated.
EAI and EY are estimates and the actual income and yield might be lower or
higher than the estimated amounts. EY reflects
only the income generated by an investment. It does not reflect changes in
its price, which may fluctuate.
JPMS, JPMCB or their affiliates (the "J.P. Morgan Companies") may provide
administrative, custodial, sales, distribution or shareholder services to
JPMorgan Funds, American Century Funds, or funds
established, sponsored, advised, or managed by third parties, and the J.P.
Morgan Companies may be compensated for such services.
A financial statement of this organization is available to you for personal
inspection at its offices, or a copy will be mailed to you upon written
request
Bank products and services are offered through JPMCB and its affiliates.
Securities are offered by JPMS and, to the extent noted above, cleared
through JPMCC.
If a partial call is made with respect to an issue of securities included in
your Account we will allocate the call by a method we deem fair and
equitable.
You must promptly advise JPMS of material changes in your investment
objectives or financial situation. Unless you inform JPMS otherwise, JPMS
will consider the information currently in its files to be
complete and accurate.
JPMS is not a bank and is a separate legal entity from its bank or thrift
affiliates, including JPMCB. The securities sold, offered, or recommended by
JPMS:
(1) Are not insured by the Federal Deposit Insurance Corporation, or any
other governmental agency;
(2) Are not deposits or other obligations of JPMS's bank or thrift
EFTA01569471
affiliates (unless otherwise indicated), and are not guaranteed by or the
responsibility of any such affiliates (unless explicitly stated
otherwise); and
(3) Involve investment risks, including possible loss of the principal
invested.
JPMS's banking affiliates may be lenders to issuers of securities that JPMS
underwrites, in which case proceeds of offerings underwritten by JPMS may be
used for the repayment of such loans, and you
should refer to the disclosure documents relating to particular securities
for discussion of any such lending relationships. The Federal Reserve
requires that JPMS obtain your consent before it can
obtain certain information from its bank or thrift affiliates, including
their credit evaluation of you. We will assume that your continuing to
transact business with JPMS will constitute your consent to the
sharing of such information by JPMS and its bank or thrift affiliates, to
the extent permitted by law.
Page 28 of 30
EFTA01569472
GHISLAINE MAXWELL ACCT.
For the Period 3/1/11 to 3/31/11
IMPORTANT INFORMATION ABOUT ALTERNATIVE INVESTMENTS: FOOTNOTES 1 - 4
Private Equity, Hedge Funds, Exchange Funds, Real Estate and Other
Alternative Assets
1. Direct private equity investments and pooled private investments (e.g.,
interests in limited partnerships and limited liability companies) are
generally illiquid securities. Values are estimates only and
are not warranted for accuracy or completeness. Values do not represent the
actual terms at which transactions or securities could be bought or sold or
new transactions could be entered into or the
actual terms on which existing transactions could be liquidated as of the
date of this statement.
Direct private equity investments are generally valued at cost, unless there
is an active secondary trading market in the securities, in which case,
direct private equity investments are valued using market
prices as of the close of the last business day for this statement period
Pooled private equity investments are valued according to the General
Partner's or Manager's stated methodology. In general,
pooled private equity investments are valued at cost unless a significant
investment event occurs which mandates a revaluation of the investment. The
valuation methodologies generally include an
appraisal of the underlying assets at the lower of cost or a written-down
amount, at a value at which third party financing has occurred, at a market
price if an active secondary market develops, or at a
value calculated by an independent party. Please refer to the limited
partnership agreement, limited liability company agreement or other
operative documentation for each investment for the specific
valuation methodology used by the General Partner or Manager for that
investment. J.P. Morgan expressly disclaims any responsibility for (1) the
accuracy of the information and the methodology used
by the General Partner or Manager in deriving valuations, (2) any errors or
omissions in compiling or disseminating the valuations, and (3) any use to
which the valuations are put. Valuations are
provided for information purposes only and are intended solely for your own
use.
Hedge funds generally calculate the price (the "Net Asset Value" or " NAV"),
10-15 business days following the last business day of the month. For that
reason, hedge fund NAVs shown will generally be
the NAV of the month preceding this statement period. In general, the NAV is
stated net of management and incentive fees. The NAV is calculated according
to the General Partner's or Manager's
stated methodology. Please refer to the limited partnership agreement,
limited liability company agreement or other operative documentation for
each hedge fund for the specific valuation methodology
used by the General Partner or Manager for that hedge fund. J.P. Morgan
expressly disclaims any responsibility for (1) the accuracy of the
information and the methodology used by the General
Partner or Manager in deriving valuations, (2) any errors or omissions in
compiling or disseminating the valuations, and (3) any use to which the
valuations are put. Valuations are provided for
EFTA01569473
information purposes only and are intended solely for your own use.
For Exchange Funds, the price (the "Net Asset Value" or "NAV") includes the
value of any non-marketable securities that are valued monthly using a fair
value methodology approved by the board of the
Manager. The 'Net Asset Value USD' reflects the line of credit used to
finance the non-marketable securities, the non-marketable securities and the
swap contracts used to mitigate the interest rate risk
between the floating rate on the line of credit and the fixed rate of the
non-marketable securities. The Fund can draw down on the line of credit to
pay expenses and management fees at startup or in the
event that the dividend income from the underlying securities cannot pay the
expenses of the Fund.
This statement does not provide tax reporting on private investments. Please
continue to rely upon the General Partner or Manager of the investment
vehicle for this information.
Prices, some of which are provided by pricing services or other sources
which we deem reliable, are not guaranteed for accuracy or as realizable
values.
2. The 'Capital Called Since Inception USD' and "Cash/Security distributions
Since Inception USD' columns are updated monthly to reflect activity
(capital calls and distributions), if any.
3. Hedge funds generally allow subscriptions on a monthly or quarterly
basis. Your interest in a hedge fund or hedge fund of funds is generally as
of the first business day of the subscription period.
Due to early funding requirements by the applicable fund, your account may
be debited for the subscription amount prior to the subscription date.
Please refer to the applicable hedge fund's operative
documentation for further details.
Page 29 of 30
EFTA01569474
GHISLAINE MAXWELL ACCT.
For the Period 3/1/11 to 3/31/11
Hedge fund redemptions are generally on a monthly, quarterly or annual basis
but can sometimes be subject to a multi-year lockup before a redemption is
permitted. For redemptions, there is generally
a notification period that can be a long interval before the actual
redemption date. Redemption proceeds are generally paid 3-5 business days
after the final NAV is issued, but can be subject to a
holdback of a portion of the proceeds until an annual audit of the Fund has
been completed. Please refer to the applicable hedge fund's operative
documentation for further details.
Global Access Portfolios share certain characteristics with hedge funds. In
particular, an investor who withdraws from a Global Access Portfolio will
not receive the withdrawal proceeds in their entirety
until 30-60 days after completion of the Portfolio's audit, which may be 18
months or longer after the redemption date. Interest may not be paid on any
proceeds pending distribution. These restrictions
apply even if the investor's account at JPMorgan is closed. The Confidential
Private Placement Memorandum and applicable Supplements contain other
important information about the Global Access
Portfolios and are available upon request.
For hedge funds, one of two methods will be used on this statement to report
how incentive fees that may be owed to the General Partner or Manager are
paid. The first method is called "Series of
Shares and Consolidation Method" and will allocate a new series of the hedge
fund at a par value (e.g. 1, 100 or 1000) for every subscription period
during the year and a different NAV will be tracked
for each series. At the end of the applicable incentive fee period
(generally the end of the year), any series for which an incentive fee is
payable (i.e., the fund has a net profit or is over the applicable
"high water mark" and known as the "Consolidating Series") will be
incorporated with and consolidated as part of the earliest series issued by
the fund in which an investor has subscribed for which an
incentive fee is payable (the "Lead Series"). Investors holding shares in a
Consolidating Series will have their shares redeemed from each of the
Consolidating Series and simultaneously be issued
additional shares of the Lead Series (based on the NAV of the Lead Series on
the conversion date). Any series for which an incentive fee is not payable
(i.e. the fund has a net loss or is not over the
applicable "high water mark") will remain as a separate series until the
following incentive fee period ends (generally at year-end), when it will
again be evaluated and consolidated as part of the Lead
Series if the previously described criteria is met.
The second method is called the "Equalization Method". "Equalization" is an
accounting methodology used to ensure that each investor in a hedge fund is
paying his/her equitable allocation of incentive
fees. Unlike the Series of Shares method, shares held by all investors are
valued at the same