EFTA00752854.pdf

From: Paul S Barrett < To: "Epstein, Jeffrey [email protected])" <jeevaeationggmail.com> Cc: Paul V Morris <I Subject: Line of Credit Date: Wed, 10 Nov 2010 16:37:32 +0000 HI Jeffrey We have been approved for a 50MM line of credit - we will use this for doing swap spread trades (where we buy treasuries and pay fixed in swaps - makes money if swap rates go higher vs treasuries). We are hedged for parallel shifts in the curve. Right now the spread is at +14bps. I would like to do 50MM notional at +12bps. This leaves us at 40,000/basis point. We sent the dots to Harry. Thanks Paul Paul Barrett, CFA Managing Director Global Investment Opportunities Group JPMorgan Private Bank 40W 57th Street, 33rd Floor, New York, NY 10019 EFTA00752854