EFTA00196375¶
OFFICE SERVICING YOUR ACCOUNT¶
Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179¶
| | |¶
| :--- | :--- |¶
| ACCOUNT EXECUTIVE | FIRM |¶
| VISIT OUR WEBSITE | www.bearstearns.com |¶
What’s In This Statement¶
| Financial Summary | 1 |
| Transaction Detail | 2 |
| Your Messages | 3 |
| FINANCIAL TRUST CO INC |
| C/O JEFFREY EPSTEIN |
| 6100 RED HOOK CENTER |
| SUITE 63 |
| ST THOMAS VI 00802 |
Cash Flow Analysis¶
| THIS PERIOD | |
|---|---|
| OpeningBalance | $0.00 |
| Securities Sold | 355,468.75 |
| Amount Credited | $355,468.75 |
| Securities Bought | -355,468.75 |
| Amount Debited | $-355,468.75 |
| ClosingBalance | $0.00 |
CLEARED THROUGH ITS¶
WHOLLY OWNED SUBSIDIARY¶
Bear, Steams Securities Corp.¶
One Metratech Center North¶
Brooklyn, New York 11201-3859¶
FINANCIAL TRUST CO INC¶
STATEMENT PERIOD May 29, 2004¶
THROUGH June 30, 2004¶
ACCOUNT NUMBER¶
| LAST STATEMENT | March 31, 2004 |¶
| :--- | :--- |¶
TAXPAYER NUMBER Not Available¶
This summary is for informational purposes only. It is not intended as a tax document.¶
This statement should be retained for your records. See reverse side for important information.¶
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V832¶
EFTA00196376¶
BEAR STEARNS¶
OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179¶
CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY¶
2 of 4¶
Bear, Steams Securities Corp.¶
One Metrotech Center North Brooklyn, New York 11201-3859¶
FINANCIAL TRUST CO INC¶
Transaction Detail¶
STATEMENT PERIOD May 29, 2004¶
INVESTMENT ACTIVITY¶
THROUGH June 30, 2004¶
ACCOUNT NUMBER¶
| LAST STATEMENT | March 31, 2004 |¶
| :--- | :--- |¶
TAXPAYER NUMBER Not Available¶
| SETTLEMENT DATE | TRADE DATE | TRANSACTION | DESCRIPTION | SYMBOL/CUSIP | QUANTITY | PRICE | DEBIT AMOUNT | CREDIT AMOUNT |
|---|---|---|---|---|---|---|---|---|
| 06/04/04 | 06/03/04 | BOUGHT | PUT TSY 3 1/8 05/07 EUROPUT STRK 99-20 EXP 08/13/2004 | 9Z58526 | 50,000,000 | 0.71094 | 355,468.75 | |
| 06/09/04 | 06/03/04 | CANCEL BUY | PUT TSY 3 1/8 05/07 EUROPUT STRK 99-20 EXP 08/13/2004 A/O S/D 06/04/04 AS OF 06/03/04 TO CXL PREVIOUS BUY | 9Z58526 | -50,000,000 | 0.71094 | 355,468.75 | |
| TOTAL | -355,468.75 | $355,468.75 | ||||||
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V832¶
EFTA00196377¶
BEAR STEARNS¶
OFFICE SERVICING YOUR ACCOUNT¶
Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179¶
3 of 4¶
CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY¶
Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859¶
FINANCIAL TRUST CO INC¶
STATEMENT PERIOD May 29, 2004 THROUGH June 30, 2004¶
ACCOUNT NUMBER¶
TAXPAYER NUMBER Not Available¶
LAST STATEMENT March 31, 2004¶
Effective no earlier than thirty (30) days from your receipt of this statement, we will compute interest regarding your short sales and marking-to-the market as follows:¶
The credit that appears on your statement due to short sales (including short sales against the box) is offset by a debit of like amount because Bear Stearns Securities has to borrow the same security in order to deliver it to the buying broker and has to provide its lender additional collateral of up to 105% of the settled short market value of the borrowed securities to secure such loan. This means that the debit balance on which interest is computed will be the difference between (i) up to 105% of the settled short market value of such short sales (across all currencies), which shall be calculated daily, and (ii) the proceeds of such short sales,¶
Notice Regarding a Change in The Statement of Interest Charges Pursuant to the “Truth-in-Lending” Rule 10 (b)-16 Regarding Short Sales And Marking-To-The-Market¶
Your messages¶
Any short positions in your account will be kept “marked-to-the market”. This means that periodically the balance maintained in the short account will be adjusted to equal the market value of the short securities. Securities that are priced below five dollars per share may be valued at five dollars per share for short marking-to-the market purposes. If a security has been sold short (or sold short against the box) and has appreciated in market price over the selling price, interest will be charged on the amount of appreciation; if it depreciates in market price, interest will be correspondingly reduced by the drop in value. The appreciation or depreciation of securities sold short will be determined by Bear Stearns Securities based upon daily closing prices or quotations provided by pricing services, as applicable, or upon such factors as Bear Stearns Securities in its sole judgement deems pertinent.¶
Please note that the other sections of the “Truth-in-Lending” disclosure previously provided to you remain unchanged.¶
******* End of Statement*******¶
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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY¶
4 of 4¶
Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859¶
FINANCIAL TRUST CO INC¶
STATEMENT BACKER IS PRINTED ON THIS PAGE¶
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