📄 Extracted Text (5,697 words)
For the Period 3/1/10 to 3/31/10
0000032412.00.0.20.00001.BELLE18.20100402
HARRY BELLER
Client News
C/O HBRK ASSOCIATES
301 E 66TH ST APT 1OF
NEW YORK, NY 100656216
J.P. Morgan Securities Inc. (JPMSI) Net Capital and
Net Capital Requirements:
At December 31, 2009,
Consolidated Summary
Account
Number
Investment Account(s)
FINANCIAL TRUST COMPANY INC
FINANCIAL TRUST COMPANY INC
Total Value
W23560001,
242006861 2
JPMSI's net capital of $7.4 billion exceeded the minimum
regulatory net capital requirement of $500 million by
$6.9 billion. The J.P. Morgan Securiites Inc. December
31, 2009 audited Statement of Financial Condition may
be obtained, at no cost, by accessing the following
JPMorgan Chase & Co. Web site address:
http:/investor.shareholder.com/jpmorganchase/financialcondition.cfm
Additionally, you may call the following toll
free phone number to request a hard copy of the
statement: 1-866-576-1300.
Beginning Net
Market Value
0.00
0.00
$0.00
Ending Net
Market Value
75,092,422.71
0.00
$75,092,422.71
This consolidated summary is provided for informational purposes and
includes assets at different entities.
(1) Assets held at JPMorgan Chase Bank, N.A., member Federal Deposit
Insurance Corporation ("FDIC"). The Asset Account
Statement reflects brokerage transactions executed through J.P. Morgan
Securities, Inc. ("JPMSI"), see "Portfolio Activity Detail".
Equity securities, fixed income securities, and listed options transactions
are generally cleared through JPMorgan Clearing
Corporation ("JPMCC"), a wholly owned subsidiary of JPMSI. Please see
"Additional Information About Your Accounts" at the end
of the Asset Account Statement.
(2) Assets held in Margin Account at JPMCC, member Financial Regulatory
EFTA01532957
Authority ("FINRA") and Securities Insurance Protection
Corporation ("SIPC"). The Margin Account Statement reflects brokerage
transactions executed by JPMSI, see "Portfolio Activity
Detail". Such transactions are cleared and carried through JPMCC.
Page 1 of 31
Change
In Value
75,092,422.71
0.00
$75,092,422.71
Start on
Page
2
26
EFTA01532958
THIS PAGE INTENTIONALLY LEFT BLANK
EFTA01532959
JPMorgan Chase Bank, N.A.
270 Park Avenue, New York, NY 10017-2014
FINANCIAL TRUST COMPANY INC ACCT.
For the Period 3/1/10 to 3/31/10
Asset Account
J.P. Morgan Private Bank Team
Paul Morris
Jeffrey Matusow
Janet Young
William Doherty III
Banker
Investment Specialist
Client Service Team
Client Service Team
Table of Contents
Account Summary
Holdings
Equity
Cash and Short Term
Fixed Income
Options
Foreign Exchange Contracts
Other Assets
Portfolio Activity
Online access
www.MorganOnline.com
Page
2
4
6
8
11
13
14
16
Account Page 1 of 24
Page 2 111M
EFTA01532960
FINANCIAL TRUST COMPANY INC ACCT.
For the Period 3/1/10 to 3/31/10
Account Summary
Asset Allocation
Equity
Cash & Short Term
Fixed Income
Foreign Exchange Contracts
Other Assets
Market Value
Accruals
Market Value with Accruals
Beginning
Ending
Market Value
0.00
0.00
0.00
0.00
0.00
$0.00
0.00
$0.00
Market Value
20,000,000.00
33,766,342.31
21,065,700.00
(1,685.12)
85,059.52
$74,915,416.71
177,006.00
$75,092,422.71
Current
Portfolio Activity
Beginning Market Value
Contributions
Net Contributions/Withdrawals
Income & Distributions
Change In Investment Value
Ending Market Value
Accruals
Market Value with Accruals
Period Value
0.00
75,000,000.00
$75,000,000.00
(135,407.69)
50,824.40
$74,915,416.71
177,006.00
$75,092,422.71
EFTA01532961
Change
In Value
20,000,000 00
33,766,342 31
21,065,700 00
(1,685.12)
85,059.52
$74,915,416.71
177,006.00
$75,092,422.71
Year-to-Date
Value
0.00
75,000,000.00
$75,000,000.00
(135,407.69)
50,824.40
$74,915,416.71
177,006.00
$75,092,422.71
Fixed
Income
Estimated
1,340,000.00
16,883.17
1,166,250.00
Current
Annual Income Allocation
27%
44%
28%
1%
100%
Equity
Cash &
Short Term
Other
Assets
Asset Allocation
Account Page 2 of 24
Page 3 of 31
EFTA01532962
FINANCIAL TRUST COMPANY INC ACCT.
For the Period 3/1/10 to 3/31/10
Account Summary
Tax Summary
Interest Income
Taxable Income
CONTINUED
Current
Period Value
(135,407.69)
($135,407.69)
Year-to-Date
Value
(135,407.69)
($135,407.69)
Unrealized Gain/Loss
To-Date Value
($32,550.00
Account Page 3 of 24
Page 4 of 31
EFTA01532963
FINANCIAL TRUST COMPANY INC ACCT.
For the Period 3/1/10 to 3/31/10
Equity Summary
Asset Categories
Preferred Stocks
Beginning
Market Value
0.00
Ending
Market Value
20,000,000.00
Change
In Value
20,000,000.00
Current
Allocation
27%
Asset Categories
Equity
Current
Market Value/Cost
Market Value
Tax Cost
Unrealized Gain/Loss
Estimated Annual Income
Yield
Period Value
20,000,000.00
19,980,000.00
20,000.00
1,340,000.00
6.70%
Account Page 4 of 24
Page 5 of 31
EFTA01532964
FINANCIAL TRUST COMPANY INC ACCT.
For the Period 3/1/10 to 3/31/10
Note:
P indicates position adjusted for Pending Trade Activity.
Equity Detail
Estimated
Quantity
Preferred Stocks
P JPM CHASE CAPITAL XXIX
6.7% PFD
48125E-20-7 ZZZZ
800,000.000
25.00
20,000,000.00
19,980,000.00
20,000.00
1,340,000.00
6.70%
Price
Market
Value
Tax Cost
Unrealized
Gain/Loss
Annual Income
Accrued
Dividends
Yield
Account Page 5 of 24
Page 6 of 31
EFTA01532965
FINANCIAL TRUST COMPANY INC ACCT.
For the Period 3/1/10 to 3/31/10
Cash & Short Term Summary
Beginning
Asset Categories
Cash
Market Value
0.00
Ending
Market Value
33,766,342.31
Change
In Value
33,766,342.31
Current
Allocation
44%
Asset Categories
Cash &
Short Term
Current
Market Value/Cost
Market Value
Tax Cost
Estimated Annual Income
Accrued Interest
Yield
Period Value
33,766,342.31
33,766,342.31
16,883.17
768.50
0.03%
Account Page 6 of 24
Page 7 of 31
EFTA01532966
FINANCIAL TRUST COMPANY INC ACCT.
For the Period 3/1/10 to 3/31/10
Note:
1
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 & Short Term Detail
Quantity
Cash
COST OF PENDING PURCHASES
PROCEEDS FROM PENDING SALES
US DOLLAR
Total Cash
(19,980,000.00 )
136,000.00
53,610,342.31
1.00
1.00
1.00
(19,980,000.00)
136,000.00
53,610,342.31
$33,766,342.31
(19,980,000.00)
136,000.00
53,610,342.31
$33,766,342.31
$0.00
(9,990.00)
68.00
26,805.17
768.50
$16,883.17
$768.50
0.05%
0.05%
0.05%
0.03%
1
1
1
Price
Market
Value
Tax Cost
Adjusted
Original
Estimated
Unrealized
EFTA01532967
Gain/Loss
Annual Income
Accrued Interest
Yield
Account Page 7 of 24
Page 8 of 31
EFTA01532968
FINANCIAL TRUST COMPANY INC ACCT.
For the Period 3/1/10 to 3/31/10
Fixed Income Summary
Asset Categories
US Fixed Income - Taxable
Non-US Fixed Income
Total Value
Beginning
Market Value
0.00
0.00
$0.00
Ending
Market Value
19,396,950.00
1,668,750.00
$21,065,700.00
Change
In Value
19,396,950.00
1,668,750.00
$21,065,700.00
Current
Allocation
26%
2%
28%
Non-US
Fixed Income
Current
Market Value/Cost
Market Value
Tax Cost
Unrealized Gain/Loss
Estimated Annual Income
Accrued Interest
Yield
Period Value
21,065,700.00
21,254,250.00
(188,550.00)
1,166,250.00
176,237.50
6.37%
US Fixed Income
- Taxable
Asset Categories
Fixed
Income
Account Page 8 of 24
Page 9 of 31
EFTA01532969
EFTA01532970
FINANCIAL TRUST COMPANY INC ACCT.
For the Period 3/1/10 to 3/31/10
Fixed Income Summary
SUMMARY BY MATURITY
Fixed Income
Less than 5 years,
5-10 years,
10+ years,
Total Value
SUMMARY BY TYPE
Fixed Income
Corporate Bonds
Government and Agency Bonds
International Bonds
Total Value
Market
Value
4,612,500.00
14,784,450.00
1,668,750.00
$21,065,700.00
% of Bond
Portfolio
22%
70%
8%
100%
Market
Value
1,668,750.00
4,612,500.00
14,784,450.00
$21,065,700.00
CONTINUED
% of Bond
Portfolio
8%
22%
70%
100%
1
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 maturit .
Account Page 9 of 24
Page 10 of 31
EFTA01532971
FINANCIAL TRUST COMPANY INC ACCT.
For the Period 3/1/10 to 3/31/10
Fixed Income Detail
Quantity
US Fixed Income - Taxable
CIT GROUP INC
7% MAY 01 2017
DTD 11/04/2009
125581-FX-1 NR /WR
U S A NOTES
4 5/8% FEB 15 2040
DTD 02/16/2010
912810-QE-1 AAA /AAA
Total US Fixed Income - Taxable
Non-US Fixed Income
PETROLEOS DE VENEZUELA S
4.9% OCT 28 2014
DTD 10/28/2009
HELD BY EUROCLEAR
ISIN:XS0460546442 SEDOL:B5B82G7
71668A-9A-1
$19,396,950.00
$19,500,000.00
($103,050.00)
$1,043,750.00
$124,175.00
5.60%
15,000,000.000
98.56
14,784,450.00
14,887,500.00
(103,050.00)
693,750.00
84,315.00
4.71%
Price
Market
Value
Tax Cost
Adjusted
Original
Estimated
Unrealized
Gain/Loss
Annual Income
Accrued Interest
Yield
5,000,000.000
92.25
4,612,500.00
4,612,500.00
EFTA01532972
350,000.00
39,860.00
8.47%
2,500,000.000
66.75
1,668,750.00
1,754,250.00
(85,500.00)
122,500.00
52,062.50
15.25%
Account Page 10 of 24
Page 11 of 31
EFTA01532973
FINANCIAL TRUST COMPANY INC ACCT.
For the Period 3/1/10 to 3/31/10
Options Summary
Asset Categories
Other
Beginning
Market Value
0.00
Ending
Market Value
0.00
Change
In Value
0.00
Current
Allocation
Current
Market Value/Cost
Premium
Unrealized Gain/Loss
Period Value
(136,000.00)
136,000.00
Account Page 11 of 24
Page 12 of 31
EFTA01532974
FINANCIAL TRUST COMPANY INC ACCT.
For the Period 3/1/10 to 3/31/10
Note:
P indicates position adjusted for Pending Trade Activity.
Options Detail
Quantity
Other
P 1 RECEIVER SWAPTION CALL
10,000,000 INTEREST RATE SWAP
STRIKE 4.35% S 30/360 VS. 3ML
EXP DATE 06/30/2010 DEAL 5161946
Underlying Asset Price = $0.00
OTCBDC-TB-B
(1.000)
(136,000.00)
136,000.00
Price
Market
Value
Premium
Unrealized
Gain/Loss
Account Page 12 of 24
Page 13 of 31
EFTA01532975
FINANCIAL TRUST COMPANY INC ACCT.
For the Period 3/1/10 to 3/31/10
Foreign Exchange Contracts Summary
NET CURRENCY EXPOSURE SUMMARY
Value
in Currency
CANADIAN DOLLAR
POUND STERLING
JAPANESE YEN
NORWEGIAN KRONE
10,200,000.00
(7,000,000.00)
(934,320,000.00 )
63,099,400.00
Foreign Exchange Contracts Detail
Market Value
Receivable
Trade Date
Speculative
CANADIAN DOLLAR
POUND STERLING
Total Speculative
JAPANESE YEN
NORWEGIAN KRONE
Mar. 31 10
Oct. 5 10
Mar. 26 10
Jun. 30 10
CAD
JPY
GBP
NOK
10,200,000.00
(934,320,000.00 )
(7,000,000.00)
63,099,400.00
91.600000
9.014200
91.851989
9.039100
10,041,848.64
10,014,299.63
10,583,198.51
10,612,432.64
$20,625,047.15
$20,626,732.27
27,549.01
(29,234.13)
($1,685.12)
Currency
Settlement Date Counter Currency
EFTA01532976
Amount
Counter Amount
Contract
Rate
Current Market
Forward Rate
Market Value
Payable
Unrealized
Gain/Loss
Account Page 13 of 24
Page 14 of 31
EFTA01532977
FINANCIAL TRUST COMPANY INC ACCT.
For the Period 3/1/10 to 3/31/10
Other Assets Summary
Asset Categories
Swaps
Beginning
Estimated Value
0.00
Ending
Estimated Value
85,059.52
Change
In Value
85,059.52
Current
Allocation
1%
Asset Categories
Other
Assets
Other Assets Detail
Quantity
Swaps
CLP SWAP - CLP NOTL
13,000,000,000 MD 3/21/12
TD 3/17/10, START D 3/21/11
PAY FLOAT CLP OIS ANN ACT/360
4.15% REC FIX, DEAL #253571031
N/O Client
SWPBDA-ZQ-8
CLP SWAP - CLP NOTL
13,000,000,000 MD 3/29/12
TD 3/25/10, START D 3/29/11
PAY FLOAT CLP OIS ANN ACT/360
4.15% REC FIX, DEAL #254489072
N/O Client
SWPBDE-JB-1
1.000
1.00
(18,948.37)
N/A
1.000
1.00
(4,819.17)
N/A
Price
Estimated
Value
Cost
Estimated
Gain/Loss
EFTA01532978
Account Page 14 of 24
Page 15 of 31
EFTA01532979
FINANCIAL TRUST COMPANY INC ACCT.
For the Period 3/1/10 to 3/31/10
Quantity
Swaps
INTEREST RATE SWAP
14,050,000 USD NOTIONAL 2/15/2040
REC: FLOATING RATE USD
3 MONTH LIBOR DEAL 254307367
4.45653% PAY FIXED, S 30/360
N/O Client
SWPBDE-HD-9
Total Swaps
$85,059.52
$0.00
$0.00
1.000
1.00
108,827.06
N/A
Price
Estimated
Value
Cost
Estimated
Gain/Loss
Account Page 15 of 24
Page 16 of 31
EFTA01532980
FINANCIAL TRUST COMPANY INC ACCT.
For the Period 3/1/10 to 3/31/10
Portfolio Activity Summary
Beginning Cash Balance
Transactions
Income
INFLOWS
(135,407.69)
Contributions
Total Inflows
TRADE ACTIVITY
Total Trade Activity
Settled Securities Purchased
Ending Cash Balance
75,000,000.00
$74,864,592.31
(21,254,250.00)
($21,254,250.00)
$53,610,342.31
* Year to date information is calculated on a calendar year basis.
(135,407.69)
75,000,000.00
$74,864,592.31
(21,254,250.00)
($21,254,250.00)
-Current
Period
Value
0.00
Year-To-Date
Value*
-Portfolio
Activity Detail
INFLOWS & OUTFLOWS
Settlement
Date
3/11
Type
Misc. Receipt
Description
TRANSFER FROM ASSET A/C
TO ASSET A/C.
Quantity
Per Unit
Amount
Amount
25,000,000 00
Account Page 16 of 24
Page 17 of 31
EFTA01532981
FINANCIAL TRUST COMPANY INC ACCT.
For the Period 3/1/10 to 3/31/10
INFLOWS & OUTFLOWS
Settlement
Date
3/19
Type
Receipt of Assets
Description
CLP SWAP - CLP NOTL
13,000,000,000 MD 3/21/12
TD 3/17/10, START D 3/21/11
PAY FLOAT CLP OIS ANN ACT/360
4.15% REC FIX, DEAL #253571031
NEW CLP SWAP -DEAL REF 253571031
JPMORGAN CHASE BANK
TRADE DATE 03/17/10
3/22
Accrued Interest Paid
PETROLEOS DE VENEZUELA S
4.9% OCT 28 2014
DTD 10/28/2009
HELD BY EUROCLEAR
3/22
3/25
3/26
Accrued Interest Paid
Misc. Receipt
Receipt of Assets
ISIN:XS0460546442 SEDOL:B5B82G7
CIT GROUP INC
7% MAY 01 2017
DTD 11/04/2009
TRANSFER FROM ASSET A/C
INTEREST RATE SWAP
TO ASSET A/C.
1.000
14,050,000 USD NOTIONAL 2/15/2040
REC: FLOATING RATE USD
3 MONTH LIBOR DEAL 254307367
4.45653% PAY FIXED, S 30/360
NEW SWAP DEAL #254307367
JPMORGAN CHASE BANK
TRADE DATE 03/24/10
3/26
Accrued Interest Paid
U S A NOTES
4 5/8% FEB 15 2040
DTD 02/16 2010
Account Page 17 of 24
Page 18 of 31
EFTA01532982
15,000,000.000
0.005
(74,741.02)
10,000,000.00
5,000,000.000
0.002
(11,666.67)
2,500,000.000
0.02
(49,000.00)
Quantity
1.000
Per Unit
Amount
Amount
EFTA01532983
FINANCIAL TRUST COMPANY INC ACCT.
For the Period 3/1/10 to 3/31/10
INFLOWS & OUTFLOWS
Settlement
Date
3/29
Type
Receipt of Assets
Description
CLP SWAP - CLP NOTL
13,000,000,000 MD 3/29/12
TD 3/25/10, START D 3/29/11
PAY FLOAT CLP OIS ANN ACT/360
4.15% REC FIX, DEAL #254489072
NEW CLP SWAP - DEAL REF 254489072
JPMORGAN CHASE BANK
TRADE DATE 03/25/10
3/29
Misc. Receipt
Total Inflows & Outflows
TRADE ACTIVITY
Settlement
Trade
Date
Date
3/22
Type
Settled Securities Purchased
3/17
Purchase
Description
PETROLEOS DE VENEZUELA S
4.9% OCT 28 2014
DTD 10/28/2009
HELD BY EUROCLEAR
ISIN:XS0460546442 SEDOL:85882G7
Quantity
2,500,000.000
TRANSFER FROM ASSET A/C
TO ASSET A/C.
40,000,000.00
$74,864,592.31
Quantity
1.000
Per Unit
Amount
Amount
Per Unit
Amount
70.20
Market Cost
EFTA01532984
(1,754,250.00)
Account Page 18 of 24
Page 19 of 31
EFTA01532985
FINANCIAL TRUST COMPANY INC ACCT.
For the Period 3/1/10 to 3/31/10
Trade
Date
Settlement
Date
3/22
Type
Settled Securities Purchased
3/17
Purchase
Description
CIT GROUP INC
7% MAY 01 2017
DTD 11/04/2009
@ 92.25
JP MORGAN SECURITIES INC (BIDL)
TRADE DATE 03/17/10
3/24
3/26
Purchase
U S A NOTES
4 5/8% FEB 15 2040
DTD 02/16/2010
@ 99.25
JP MORGAN SECURITIES INC (BIDL)
TRADE DATE 03/24/10
Total Settled Securities Purchased
Trade
Date
Estimated
Settlement
Date
4/1
4/1
($21,254,250.00)
15,000,000.000
99.30
(14,887,500.00)
Quantity
5,000,000.000
Per Unit
Amount
92.30
Market Cost
(4,612,500.00)
Type
Description
Pending Securities Purchased
3/25
3/26
EFTA01532986
Purchase
Purchase
3PM CHASE CAPITAL XXIX
3PM CHASE CAPITAL XXIX
6.7% PFD
400,000.000
6.7% PFD
24.95
(9,980,000.00)
Quantity
400,000.000
Per Unit
Amount
25.00
Market Cost
(10,000,000.00)
Account Page 19 of 24
Page 20 of 31
EFTA01532987
FINANCIAL TRUST COMPANY INC ACCT.
For the Period 3/1/10 to 3/31/10
Trade
Date
Estimated
Settlement
Date
4/6
Type
Pending Securities Purchased
3/31
Write Option
Description
1 RECEIVER SWAPTION CALL
10,000,000 INTEREST RATE SWAP
STRIKE 4.35% S 30/360 VS. 3ML
EXP DATE 06/30/2010 DEAL 5161946
Total Pending Securities Purchased
($19,844,000.00)
Quantity
(1.000)
Per Unit
Amount
Market Cost
136,000.00
Account Page 20 of 24
Page 21 of 31
EFTA01532988
FINANCIAL TRUST COMPANY INC ACCT.
For the Period 3/1/10 to 3/31/10
In Case of Errors or Questions About Your Electronic Transfers.
Contact your J.P. Morgan Team at one of the telephone numbers on the front
of this statement or write us at 500 Stanton Christiana Road, 1/OPS, 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 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 describing
the error and send it to: J.P. Morgan's Private Bank, 500 Stanton Christiana
Road, 1/OPS3, Newark, DE 19713-2107. 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, JPMSI 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 JPMSI
Account Representative or JPMSI Compliance
Department at (212) 483-2323.
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.
Account W23560001 Page 21 of 24
Page 22 of 31
EFTA01532989
FINANCIAL TRUST COMPANY INC ACCT.
For the Period 3/1/10 to 3/31/10
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
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
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
EFTA01532990
immediately to an account officer whose name appears on the contact page of
this statement.
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,
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 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. Accordingly, investors should not rely on pricing
information appearing in their statements with respect to ARS.
Account W23560001 Page 22 of 24
Page 23 of 31
EFTA01532991
FINANCIAL TRUST COMPANY INC ACCT.
For the Period 3/1/10 to 3/31/10
Additional Information About Your Accounts
Securities purchased or sold through JPMSI (1) other than mutual funds, are
cleared through J.P.Morgan Clearing Corp. ("JPMCC"), an affiliate of JPMSI,
and (2) other than exchange-listed options,
are held in your Asset Account at JPMorgan Chase Bank, N.A. Positions in
exchange-listed options are held by J.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 JPMSI 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,
JPMSI will promptly supply you with the latest such information.
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 JPMSI 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 JPMSI 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.
EFTA01532992
JPMSI, 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 JPMSI 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 JPMSI of material changes in your investment
objectives or financial situation. Unless you inform JPMSI otherwise, JPMSI
will consider the information currently in its files to be
complete and accurate.
Account Page 23 of 24
Page 24 of 31
EFTA01532993
FINANCIAL TRUST COMPANY INC ACCT.
For the Period 3/1/10 to 3/31/10
JPMSI 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
JPMSI:
(1) Are not insured by the Federal Deposit Insurance Corporation, or any
other governmental agency;
(2) Are not deposits or other obligations of JPMSI's bank or thrift
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.
JPMSI's banking affiliates may be lenders to issuers of securities that
JPMSI underwrites, in which case proceeds of offerings underwritten by JPMSI
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 JPMSI 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 JPMSI will constitute your consent to the
sharing of such information by JPMSI and its bank or thrift affiliates, to
the extent permitted by law.
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).
Account Page 24 of 24
Page 25 of 31
EFTA01532994
J.P. Morgan Securities Inc.
270 Park Avenue, New York, NY 10017
FINANCIAL TRUST COMPANY INC ACCT.
For the Period 3/1/10 to 3/31/10
Margin Account
J.P. Morgan Private Bank Team
Paul Morris
Jeffrey Matusow
Janet Young
William Doherty III
Online access
Banker
Investment Specialist
Client Service Team
Client Service Team
www.MorganOnline.com
Transactions cleared and carried through J.P. Morgan Clearing Corp. One
Metrotech Center North, Brooklyn, NY 11201-3859,
Table of Contents
Account Summary
Portfolio Activity
Page
2
3
Account Page 1 of 6
Page 26 of 31
EFTA01532995
FINANCIAL TRUST COMPANY INC ACCT.
For the Period 3/1/10 to 3/31/10
Account Summary
MARGIN
Cash
Asset Allocation
Cash & Short Term
Market Value
0.00
Long
Market Value
0.00
Short
Market Value
0.00
Market Value Annual Income Allocation
0.00
Total
Estimated
Current
Account Page 2 of 6
Page 27 of 31
EFTA01532996
FINANCIAL TRUST COMPANY INC ACCT.
For the Period 3/1/10 to 3/31/10
Portfolio Activity Summary
Current
Transactions
Portfolio Activity Detail
Beginning Cash Balance
Ending Cash Balance
Period Value
0.00
$0.00
Year-To-Date
Value
--No
Activity This Period
Account Page 3 of 6
Page 28 of 31
EFTA01532997
FINANCIAL TRUST COMPANY INC ACCT.
For the Period 3/1/10 to 3/31/10
All positions in this Margin Account Portfolio are held in custody at J.P.
Morgan Clearing Corp. ("JPMCC"), One Metrotech Center North, Brooklyn, NY
11201-3859, (347) 643-2578.
IMPORTANT INFORMATION ABOUT YOUR STATEMENT
Contact your client service specialist if you think your statement is
incorrect or you require additional information about a transaction on your
statement.
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,
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 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. Accordingly, investors should not rely on pricing
information appearing in their statements with respect to ARS.
JPMSI and JPMCC are members of the Securities Investor Protection
Corporation ("SIPC"). Securities and cash held for a customer at 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.
("JPMCB") are not subject to SIPC. For more information about SIPC Coverage,
including the SIPC Brochure, visit www.sipc.org or by calling SIPC 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.
JPMSI, 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.
Account Page 4 of 6
Page 29 of 31
EFTA01532998
FINANCIAL TRUST COMPANY INC ACCT.
For the Period 3/1/10 to 3/31/10
IMPORTANT INFORMATION ABOUT YOUR MARGIN ACCOUNT
Please keep the following in mind when using this statement to track your
brokerage activity: This 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 your separate account is available upon your request.
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
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.
Free credit balances in your account are not segregated and may be used in
the operation of 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 the amount of your free credit balance, and will deliver to
you fully-paid securities held on your behalf.
Interest will be charged on any debit balance; the method of calculating
interest is described in a letter sent to all margin customers.
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,
JPMSI will promptly supply you with the latest such information.
Bank products and services are offered through JPMCB and its affiliates.
Securities are offered by JPMSI and, to the extent noted above, cleared
through JPMCC.
If a partial call is made with respect to an issue if securities included in
your Account we will allocate the call by a method to which we deem
equitable.
You must promptly advise JPMSI of material changes in your investment
objectives or financial situation. Unless you inform JPMSI otherwise, JPMSI
will consider the information currently in its files to
be complete and accurate.
Account 242006861 Page 5 of 6
Page 30 of 31
EFTA01532999
EFTA01533000
FINANCIAL TRUST COMPANY INC ACCT.
For the Period 3/1/10 to 3/31/10
JPMSI 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
JPMSI:
(1) Are not insured by the Federal Deposit Insurance Corporation, or any
other governmental agency;
(2) Are not deposits or other obligations of JPMSI's bank or thrift
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.
JPMSI's banking affiliates may be lenders to issuers of securities that
JPMSI underwrites, in which case proceeds of offerings underwritten by JPMSI
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 JPMSI 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 JPMSI will constitute your consent to the
sharing of such information by JPMSI and its bank or thrift affiliates, to
the extent permitted by law.
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).
Account Page 6 of 6
Page 31 o 31
EFTA01533001
ℹ️ Document Details
SHA-256
e0d800b056d1cbfabed4c829e8ab96bc6f2000e825c7da1f9a1001ffb9200b4c
Bates Number
EFTA01532957
Dataset
DataSet-10
Document Type
document
Pages
45
Comments 0