EFTA01548310.pdf

SOUTHERN TRUST COMPANY, INC 6100 RED HOOK QUARTER, B3 ST. THOMAS 00802 VIRGIN ISLANDS (U.S.) EFTA01548310 EFTA01548311 JPMorgan Chase Bank, N.A. 270 Park Avenue, New York, NY 100 - SOUTHERN TRUST COMPANY, INC ACCT. For the Period 2/1/14 to 2/28/14 Asset Account J.P. Morgan Team William Sheridan Justin Nelson Paul Barrett Janet Young Gina Magliocco Jason Grosse Online access Banker Banker Investment Specialist Client Service Team Client Service Team Client Service Team www.jpmorganonline.com Please see disclosures located at the end of this statement package for important information relati n9 to each J.P.Morgan account(s). 800/634-1318 Table of Contents Account Summary Portfolio Activity Page 2 3 0000004405.15.0.15.00001.SOUTHAF.20140304 Page 1 of 12 EFTA01548312 SOUTHERN TRUST COMPANY, INC ACCT. For the Period 2/1/14 to 2/28/14 Account Summary Asset Allocation Cash & Fixed Income Market Value Accruals Market Value with Accruals Beginning Market Value 936,725.21 $936,725.21 8.65 $936,733.86 Current Portfolio Activity Beginning Market Value Withdrawals & Fees Net Contributions/Withdrawals Income & Distributions Change In Investment Value Ending Market Value Income Summary Currency Gain/Loss Interest Income Income Period Value 936,725.21 (911,812.24) ($911,812.24) 37,665.45 (62,578.42) $0.00 Current Period Value 37,652.22 13.23 $37,665.45 Ending Market Value 0.00 $0.00 0.00 $0.00 Change In Value (936,725.21) ($936,725.21) (8.65) ($936,733.86) Year-to-Date Value 989,248.06 (911,812.24) ($911,812.24) 64,101.68 (141,537.50) $0.00 Year-to-Date Value 64,080.32 21.36 $64,101.68 Estimated $0.00 Current Annual Income Allocation Page 2 of 12 EFTA01548313 SOUTHERN TRUST COMPANY, INC ACCT. For the Period 2/1/14 to 2/28/14 Portfolio Activity Summary - U S Dollar Beginning Cash Balance Current Transactions INFLOWS Income Foreign Exchange - Inflows Total Inflows OUTFLOWS ** Withdrawals Foreign Exchange - Outflows Total Outflows Ending Cash Balance Period Value 996,366.79 13.23 12,863,304.87 512,863,318.10 (911,812.24) (12,947,672.65) ($13,859,684.89) $0.00 * 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 Year-To-Date Value* -21.36 22,312,528.16 $22,312,549.52 (911,812.24) (22,414,322.34) ($23,326,134.50) -Page 3 of 12 EFTA01548314 SOUTHERN TRUST COMPANY, INC ACCT. For the Period 2/1/14 to 2/28/14 Portfolio Activity Detail - U S Dollar INFLOWS a OUTFLOWS Type Settle Date Selection Method Income 2/3 2/21 Interest Income Interest Income Total Income Type Settle Date Selection Method Foreign Exchange - Inflows FX Fwd Contract 2/6 2/10 2/12 2/12 Description SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL JPY CONTRACT RATE : 102.820000000 TRADE 1/30/14 VALUE 2/06/14 (ID: OJPYPR-AA-9) FX Option Assgned SPOT CURRENCY TRANSACTION SETTLEMENT OF ASSIGNED FX OPTION SELL NZD BUY USD TRADE 2/06/14 VALUE 2/10/14 (ID: ONZDPR-AA-5) FX Fwd Contract FX Fwd Contract Total Foreign Exchange - Inflows SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL JPY CONTRACT RATE : 101.370000000 TRADE 2/05/14 VALUE 2/12/14 (ID: OJPYPR-AA-9) SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL NZD CONTRACT RATE : 0.827600000 TRADE 2/06/14 VALUE 2/12/14 (ID: ONZDPR-AA-5) $12,863,304.87 Page 4 of 12 (2,000,000.000 ) (1,663,200.00) 1,655,200.00 (490,445,000.000 ) (4,790,905.54) 4,838,167.11 (2,000,000.000 ) (1,655,600.00) 1,600,000.00 Quantity Cost (490,445,000.000 ) (4,838,167.11) Description DEPOSIT SWEEP INTEREST FOR 01/01/14 - 01/31/14 @ .01% RATE ON AVG COLLECTED BALANCE OF $1,038,265.54 AS OF 02/01/14 INTEREST FOR 02/01/14 THRU 02/20/14 @ 0.010% ON NET AVERAGE COLLECTED BALANCE OF 885,379.33 0.01 4.58 $13.23 Quantity Cost Per Unit Amount Amount 8.65 Amount 4,769,937.76 EFTA01548315 SOUTHERN TRUST COMPANY, INC ACCT. For the Period 2/1/14 to 2/28/14 Type Settle Date Selection Method Withdrawals 2/19 2/26 Description Mist Disbursement TRANSFERRED BY WIRE TO PERSHING LLC FAO SOUTHERN TRUST COMPANY INC AS REQUESTED Misc Disbursement TRANSFERRED BY WIRE TO DEUTSCHE BANK TRUST COMPANY AMERICA FAO SOUTHERN TRUST COMPANY, INC. AS REQUESTED Total Withdrawals Type Settle Date Selection Method Foreign Exchange - Outflows Spot FX 2/6 2/10 2/12 2/12 Spot FX Spot FX Spot FX Description SPOT CURRENCY TRANSACTION - BUY BUY JPY SELL USD EXCHANGE RATE 101.370000000 DEAL 02/05/14 VALUE 02/06/14 (ID: OJPYPR-AA-9) SPOT CURRENCY TRANSACTION - BUY BUY NZD SELL USD EXCHANGE RATE .827800000 DEAL 02/06/14 VALUE 02/10/14 (ID: ONZDPR-AA-5) SPOT CURRENCY TRANSACTION - BUY BUY JPY SELL USD EXCHANGE RATE 102.370000000 DEAL 02/11/14 VALUE 02/12/14 (ID: OJPYPR-AA-9) SPOT CURRENCY TRANSACTION - BUY BUY NZD SELL USD EXCHANGE RATE .831600000 DEAL 02/11/14 VALUE 02/12/14 (ID: ONZDPR-AA-5) Total Foreign Exchange - Outflows ($12,947,872.65) 2,000,000.000 1,663,200.00 (1,663,200.00) 490,445,000.000 4,790,905.54 (4,790,905.54) 2,000,000.000 1,655,600.00 (1,655,600.00) Quantity Cost 490,445,000.000 4,838,167.11 ($911,812.24) Quantity Cost Amount (911,807.66) (4.58) Amount (4,838,167.11) Page 5 of 12 EFTA01548316 SOUTHERN TRUST COMPANY, INC ACCT. For the Period 2/1/14 to 2/28/14 TRADE ACTIVITY Note: Trade Date Settle Date 2/6 2/6 2/6 2/10 2/11 2/11 C indicates Currency Gain/Loss Type Selection Method Description Settled Sales/Maturities/Redemptions Expired Option High Cost JPY PUT USD CALL FX EUROPEAN STYLE OP FEB 06, 2014 @ 102 KI @ 106 EXPIRATION OF WRITTEN FX OPTION (ID: XJPYPB-GD-Z) FX Option Assgned NZD CALL USD PUT FX EUROPEAN STYLE OPTION FEB FIFO 06, 2014 @ .8 KO @ 0.77 WRITTEN FX OPTION ASSIGNED CALL 1,600,000.00 USD PUT 2,000,000.00 NZD (ID: XNZDCA-DE-Z) Expired Option High Cost CAD CALL USD PUT FX EUROPEAN STYLE OPTION FEB 11, 2014 @ 1.02 EXPIRATION OF WRITTEN FX OPTION (ID: XCADCA-FG-Z) Total Settled Sales/Maturities/Redemptions $0.00 $111,180.00 $111,180.00 C 4,590,000.000 58,500.00 58,500.00 C 2,000,000.000 15,280.00 15,280.00 C Quantity 204,000,000.000 Per Unit Amount Proceeds Cost 37,400.00 Realized Gain/Loss 37,400.00 C Page 6 of 12 EFTA01548317 SOUTHERN TRUST COMPANY, INC ACCT. For the Period 2/1/14 to 2/28/14 Portfolio Activity Summary - Australia Dollar US Dollar Value Current Transactions Beginning Cash Balance Ending Cash Balance Period Value --Portfolio Activity Detail - Australia Dollar TRADE ACTIVITY - Australia Dollar Note: C indicates Currency Gain/Loss Per Unit Trade Date Settle Date 2/6 2/6 Type Selection Method Description Settled Sales/Maturities/Redemptions Expired Option High Cost Quantity AUD CALL USD PUT FX EUROPEAN STYLE OPTION FEB 3,000,000.000 06,2014 Q .92 0.9230 WINDOW KI EXPIRING 13 SEP 13 OPTION KNOCKEDIN EXPIRATION OF WRITTEN FX OPTION (ID: XAUDCA-FL-Z) Amount USD Local Value Proceeds USD Local Value Cost USD Realized Local Value Gain/Loss USD 11,040.00 11,040.00 C Year-To-Date Value --Local Value Current Period Value 0.00 0.00 Year-To-Date Value --Page 7 of 12 EFTA01548318 SOUTHERN TRUST COMPANY, INC ACCT. For the Period 2/1/14 to 2/28/14 Portfolio Activity Summary - Japanese Yen Beginning Cash Balance US Dollar Value Current Transactions INFLOWS Total Inflows Foreign Exchange - Inflows OUTFLOWS ** Total Outflows Period Value - 9,629,072.65 $9,629,072.65 Foreign Exchange - Outflows Ending Cash Balance (9,629,072.65) ($9,629,072.65) - Year-To-Date Value* - 19,095,522.34 $19,095,522.34 (19,095,522.34) ($19,095,522.34) - Local Value Current Period Value 0.00 980,890,000.00 980,890,000.00 (980,890,000.00) (980,890,000.00) 0.00 * 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 Year-To-Date Value* - 1,961,780,000.00 1,961,780,000.00 (1,961,780,000.00 1 (1,961,780,000.00 ) -Page 8 of 12 EFTA01548319 SOUTHERN TRUST COMPANY, INC ACCT. For the Period 2/1/14 to 2/28/14 Portfolio Activity Detail - Japanese Yen INFLOWS S OUTFLOWS Type Settle Date Selection Method Foreign Exchange - Inflows Spot FX 2/6 2/12 Spot FX Total Foreign Exchange - Inflows Type Settle Date Selection Method Foreign Exchange - Outflows FX Fwd Contract 2/6 2/12 FX Fwd Contract Description SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL JPY CONTRACT RATE : 102.820000000 TRADE 1/30/14 VALUE 2/06/14 (ID: OJPYPR-AA-9) SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL JPY CONTRACT RATE : 101.370000000 TRADE 2/05/14 VALUE 2/12/14 (ID: OJPYPR-AA-9) Total Foreign Exchange - Outflows ($9,629,072.65) ($30,983.68) 4,838,167.110 (4,790,905.54) (490,445,000.00) (7,709.56) Quantity 4,769,937.760 Description SPOT CURRENCY TRANSACTION - BUY BUY JPY SELL USD EXCHANGE RATE 101.370000000 DEAL 02/05/14 VALUE 02/06/14 (ID: OJPYPR-AA-9) SPOT CURRENCY TRANSACTION - BUY BUY JPY SELL USD EXCHANGE RATE 102.370000000 DEAL 02/11/14 VALUE 02/12/14 (ID: OJPYPR-AA-9) $9,629,072.65 Amount USD Local Value (4,838,167.11) (490,445,000.00) $0.00 Currency Gain/Loss USD (23,274.12) (4,790,905.540 ) 4,790,905.54 490,445,000.00 Quantity (4,838,167.110 ) Amount USD Local Value 4,838,167.11 490,445,000.00 Currency Gain/Loss USD Page 9 of 12 EFTA01548320 SOUTHERN TRUST COMPANY, INC ACCT. For the Period 2/1/14 to 2/28/14 Portfolio Activity Summary - N Zealand Dollar Beginning Cash Balance US Dollar Value Current Transactions INFLOWS Total Inflows Foreign Exchange - Inflows OUTFLOWS ** Total Outflows Period Value - 3,318,800.00 $3,318,800.00 Foreign Exchange - Outflows Ending Cash Balance (3,263,200.00) ($3,263,200.00) - Year-To-Date Value* - 3,318,800.00 $3,318,800.00 (3,263,200.00) ($3,263,200.00) - Local Value Current Period Value 0.00 4,000,000.00 4,000,000.00 (4,000,000.00) (4,000,000.00) 0.00 * 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 Year-To-Date Value* -4,000,000.00 4,000,000.00 (4,000,000.00) (4,000,000.00) -Page 10 of 12 EFTA01548321 SOUTHERN TRUST COMPANY, INC ACCT. For the Period 2/1/14 to 2/28/14 Portfolio Activity Detail - N Zealand Dollar INFLOWS S OUTFLOWS Type Settle Date Selection Method Foreign Exchange - Inflows Spot FX 2/10 2/12 Spot FX Total Foreign Exchange - Inflows Type Settle Date Selection Method Foreign Exchange - Outflows 2/10 2/12 FX Fwd Contract Description FX Option Assgned SPOT CURRENCY TRANSACTION SETTLEMENT OF ASSIGNED FX OPTION SELL NZD BUY USD TRADE 2/06/14 VALUE 2/10/14 (ID: ONZDPR-AA-5) SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL NZD CONTRACT RATE : 0.827600000 TRADE 2/06/14 VALUE 2/12/14 (ID: ONZDPR-AA-5) Total Foreign Exchange - Outflows ($3,263,200.00) ($55,200.10) 1,655,200.000 (1,663,200.00) (2,000,000.00) 399.90 Quantity 1,600,000.000 Description SPOT CURRENCY TRANSACTION - BUY BUY NZD SELL USD EXCHANGE RATE .827800000 DEAL 02/06/14 VALUE 02/10/14 (ID: ONZDPR-AA-5) SPOT CURRENCY TRANSACTION - BUY BUY NZD SELL USD EXCHANGE RATE .831600000 DEAL 02/11/14 VALUE 02/12/14 (ID: ONZDPR-AA-5) $3,318,800.00 Amount USD Local Value (1,600,000.00) (2,000,000.00) $0.00 Currency Gain/Loss USD (55,600.00) (1,663,200.000 ) 1,663,200.00 2,000,000.00 Quantity (1,655,600.000 ) Amount USD Local Value 1,655,600.00 2,000,000.00 Currency Gain/Loss USD Page 11 of 12 EFTA01548322 SOUTHERN TRUST COMPANY, INC ACCT. For the Period 2/1/14 to 2/28/14 Settled Foreign Exchange Contracts Currency Trade Date Settle Date Counter Currency Trade Related JAPANESE YEN U S DOLLAR N ZEALAND DOLLAR U S DOLLAR Speculative JAPANESE YEN U S DOLLAR JAPANESE YEN U S DOLLAR N ZEALAND DOLLAR U S DOLLAR JAPANESE YEN U S DOLLAR N ZEALAND DOLLAR U S DOLLAR Other N ZEALAND DOLLAR U S DOLLAR Feb. 6 14 Feb. 10 14 NZD USD (2,000,000.00) 1,600,000.00 1.250000 0.827800 1,600,000.00 (1,655,600.00) (55,600.00) Jan. 30 14 Feb. 6 14 Feb. 5 14 Feb. 6 14 Feb. 6 14 Feb. 10 14 Feb. 5 14 Feb. 12 14 Feb. 6 14 Feb. 12 14 JPY (490,445,000.00) USD 4,769,937.76 JPY USD NZD USD 490,445,000.00 (4,838,167.11) 2,000,000.00 (1,655,600.00) JPY (490,445,000.00) USD NZD USD 4,838,167.11 (2,000,000.00) 1,655,200.00 101.370000 0.827800 101.370000 0.827600 101.370000 0.827800 102.370000 0.831600 (4,838,167.11) (1,655,600.00) 4,838,167.11 1,655,200.00 4,838,167.11 1,655,600.00 (4,790,905.54) EFTA01548323 (1,663,200.00) 47,261.57 (8,000.00) 102.820000 101.370000 4,769,937.76 (4,838,167.11) (68,229.35) Feb. 11 14 Feb. 12 14 Feb. 11 14 Feb. 12 14 JPY USD NZD USD Amount Counter Amount Contract Rate Revaluation Rate 490,445,000.00 (4,790,905.54) 2,000,000.00 (1,663,200.00) 102.370000 0.831600 102.370000 0.831600 Contracted Base Amount USD (4,790,905.54) (1,663,200.00) Revalued Amount USD 4,790,905.54 1,663,200.00 Currency G/L Page 12 of 12 EFTA01548324 For the Period 2/1/14 to 2/28/14 For your convenience we have combined statement(s) for activity you conduct through J.P. Morgan in o ne package. Below are important disclosures relating to these different accounts. These statements may relate to various account types. Some of the disclosures are applicable to all of your accounts. For ease of reference the disclosures applicable to a particular type of account have been grouped together by descriptive headers. IMPORTANT GENERAL INFORMATION APPLICABLE TO ALL OF YOUR ACCOUNT(S) Important Information about Pricing ,Valuations, Estimated Annual Income, and Estimated Yield Market value information (including without limitation, prices, exchange rates, accrued income and b and ratings) furnished herein, some of which has been provided by pricing sources that J.P. Morgan believes to be reliable, is not guaranteed for accuracy but provided for informational purposes and is furnished for the exclusive use of the client. 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 provi ded for structured yield deposits (for example, JPMorgan London Time Deposits) reflect the original deposit amount only. The value for Real Estate, Mineral Interests and Miscellaneous Assets may not reflect the most current value of the asset. 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, wee kly 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 t he 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 sho uld not rely on pricing information appearing in their statements or online with respect to ARS. When J.P. M organ is unable to obtain a price from an internal or outside source for a particular ARS, the price column on your statement will indicate "unpriced". Valuations of over-the-counter derivative transactions, including certain derivatives-related deposi t products, have been prepared on a mid-market basis. These valuations are sourced from the various issuers of the securities or they are sourced from a third party valuation provider. J.P. Morgan exp ressly 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 us es 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 transac tion. Certain assets, including but not limited to, pooled and private investments, non-publicly traded an d infrequently traded securities, derivatives, partnership interests and tangible assets are general ly illiquid, the value of such asset may have been provided to us by third parties who may or may not b e independent of the issuer or manager. Such information is reflected as of the last date provided t 0 us, and is not independently verified. In cases where we are unable to obtain a current market value from an internal or outside source for a particular security, the price column on your statement will indicate "unpriced". Although such securities may have value, please note that the value of a security indicated as "unpriced" will not be included in your overall current market value as reflected on the statement. J.P. Morgan makes no representation, warranty or guarantee, express or implied, that any quoted valu e represents the actual terms at which 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 liquidate d. Such values may only be indicative. When we are unable to obtain a current value from an internal or outside source for a particular sec urity, the price column on your statement will indicate "unpriced". If a partial call is made with respect to an issue of securities included in your Accounts we will a 'locate the call by a method we deem fair and equitable. To the extent applicable, please note the following regarding estimated annual income (EAI) and esti mated 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 act ual 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. Offshore Deposits - London and Nassau Disclosures Page 1 of 3 EFTA01548325 For the Period 2/1/14 to 2/28/14 Deposits in Foreign Branches are not insured by the FDIC or any other Agency of the Federal Governme nt; 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 Intern al Revenue Service on a Report of Foreign Bank and Financial Accounts (TD F 90-22.1). Bank products and services are offered through JPMorgan Chase Bank, N.A. ("JPMCB") and its banking a ffiliates. Securities are offered by J.P.Morgan Securities LLC ("JPMS") and, to the extent noted below, cleared through J.P. Morgan Clearing Corp. ("JPMCC"). Neither JPMS, nor JPMCC is a bank and are each separate legal entities from its bank or thrift affil iates. Investment Products: Not FDIC Insured -No Bank Guarantee -May Lose Value Fund manager disclosure information available upon request If you have an investment account that is managed by an SEC-Registered Investment Advisor, J.P. Morg an will provide a copy of the advisor's Form ADV II or brochure upon written request. These statements are not official documents for income tax reporting purposes and should not be reli ed upon for such purposes, including determination of income, cost basis, amortization or accretion, or gain/loss. Such information, which may be inaccurate, incomplete or subject to updating, should b e confirmed with your records and your tax advisor. Please take the steps indicated below if you think statement(s) are incorrect or contact your J.P.Mo rgan team if you require additional information about a transaction on your statement(s). IMPORTANT ADDITIONAL INFORMATION APPLICABLE ONLY TO YOUR ASSET ACCOUNT(S) (LINKED TO JPMS) Your Asset Account consists of a bank account that custodies assets linked to a brokerage account th rough which securities transactions are executed. As a result, the Asset Account statement(s) reflec t brokerage transactions executed through JPMS but (except for exchange listed options) held in custod y at JPMCB. Securities purchased or sold through JPMS in U.S. markets (other then mutual funds) are cleared through an affiliate of JPMS, in non-U.S. markets securities are cleared through JPMS. Positions in exchange-listed options are held by JPMCC. For your convenience, however, positions in exchange-listed options are presented in Asset Account statement(s) together with other assets held in such account(s). All pertinent information about your settled and pending purchases and sales effected through your JPMS account during the period covered by these statement(s), is sum marized in the "Trade Activity" portion of the statement(s). In Case of Other Errors or Questions About Your Asset Account Statement(s) Please review your statement(s) and promptly report any inaccuracy or discrepancy including possible unauthorized trading activity, unrecorded dividend payments, unaccounted cash positions, improper payments or transfers in writing to both the introducing broker, JPMS and the clearing firm , JPMCC at the addresses shown on your statement(s). Any oral communication should be re-confirmed in writing to further protect your rights, including your rights under the Securities I nvestor Protection Act (SIPA). If you have any questions please contact your J.P.Morgan team. In your written communication, please provide the following information: (1) your name and account n umber; (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 d escribe the item you are unsure about. We must receive your written communication no later than 30 days after the statement on which the error or problem appeared is sent or made available. If you do not so notify us, you agree that the statement activity and account balance(s) are correct. JPMCC and JPMS are members of the Securities Investor Protection Corp ("SIPC"), a not-for-profit mem bership corporation funded by broker-dealers registered with the Securities and Exchange Commission. Securities and cash held for a customer at JPMCC are protected by SIPC up to $500,000 pe r customer, which includes up to $250,000 of protection for cash. SIPC does not protect against losses from fluctuations in the value of the securities. Assets held in custody by JPMCB 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. In Case of Errors or Questions About Your Electronic Transfers. Disclosures Page 2 of 3 EFTA01548326 For the Period 2/1/14 to 2/28/14 Contact your J.P. Morgan Team at one of the telephone numbers on the front of your statements or wri to us at J.P. Morgan, 500 Stanton Christiana Road, 1/OPS3, Newark, DE 19713-2107 as soon as you can, if you think your statement is wrong or if you need more information about a transfer on th e 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 erro ✓ or the transfer you are unsure about, and explain as clearly as you can why you believe it is an error or why you need more information. (3) Tell us the dollar amount of the suspected error. We wil 1 investigate your complaint and will correct any error promptly. If we take more than 10 business days (or 20 business days for new accounts) to do this, we will credit your account for the amount y ou think is in error, so that you will have the use of the money during the time it takes us to comp lete our investigation. In Case of Errors or Questions About Non-Electronic Transfers (Checks or Deposits) Contact JPMorgan Chase Bank, N.A. ("JPMCB") Member FDIC immediately if a statement is incorrect or i f you need more information about any non-electronic transactions (checks or deposits) on this statement. If any such error appears, you must notify the bank in writing as soon as possible after your statement was made available to you. For more complete details, see the applicable account agreements and appendices that govern your account. Deposit products and services are offered by JPMCB Member FDIC. You must promptly advise your J.P.Morgan representative of material changes in your investment objec tives or financial situation or if you wish to modify the management of your account. Unless you inform otherwise, your J.P.Morgan representative will consider the information currently in its file s to be complete and accurate. With reference to JPMS and JPMCC: 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. You should have received (or have made available to you) 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 com missions and other charges related to the execution of transactions, including options transactions, has been included in confirmations that were previously furnished or have made available to you. Upo n written request, JPMS will promptly supply you with the latest information. IMPORTANT ADDITIONAL INFORMATION APPLICABLE ONLY TO YOUR MARGIN ACCOUNT(S) All positions in your Margin Account Portfolio(s) are held in custody at J.P. Morgan Clearing Corp. ("JPMCC"), Three Chase Metrotech Center, Brooklyn, NY 11245-001, (347) 643-2578. If you have a margin account as permitted by law we may use certain securities in such account for, among other things, settling short sales and lending the securities for short sales, and as a result may receive compensation in connection therewith. Please keep the following in mind when using a statement to track your brokerage activity in a margi n account: The statement combines your general margin account with the special memorandum account required by Section 220.6 Regulation T. As required by Regulation T, a permanent record of y our separate account is available upon your request. Free credit balances in your margin account(s) are not segregated and may be used in the operation o f JPMCCs business, subject to the limitations of SEC Rule 15c3-3. Unless otherwise noted, JPMCC or its agents and depositories will hold your securities. Upon your demand, JPMCC will pay to you th e amount of your free credit balance, and will deliver to you fully-paid securities held on your beh alf. Interest will be charged on any debit balance; the method of calculating interest is described in a letter sent to all margin customers. Disclosures Page 3 of 3 EFTA01548327