EFTA00196466¶
BEAR STEARNS¶
OFFICE SERVICING YOUR ACCOUNT¶
Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179¶
CLEARED THROUGH ITS¶
WHOLLY OWNED SUBSIDIARY¶
Bear, Steams Securities Corp.¶
One Metrotech Center North¶
Brooklyn, New York 11201-3859¶
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| ACCOUNT EXECUTIVE | GNMA GOVT BOND |¶
| VISIT OUR WEBSITE | www.bearstearns.com |¶
FINANCIAL TRUST CO INC¶
What’s In This Statement¶
Your Messages 2¶
STATEMENT PERIOD May 29, 2004¶
FINANCIAL TRUST CO INC¶
ATT F.I. CLEARING SERVICES¶
1 METROTECH CENTER N¶
C/O OFFICE¶
THROUGH June 30, 2004¶
AGCOUNT NUMBER¶
TAXPAYER NUMBER On File¶
| LAST STATEMENT | May 28, 2004 |¶
| :--- | :--- |¶
Repurchase and Reverse Repurchase Transactions¶
with Bear, Stearns& Co.Inc.outstanding as of date of statement¶
| PURCHASE/ START DATE | REPURCHASE DATE | PRICING RATE | PURCHASE PRICE/ PRINCIPAL | ACCRUED REPO INTEREST* | QUANTITY (FACE AMOUNT) | CUSIP | DESCRIPTION | |
|---|---|---|---|---|---|---|---|---|
| YOU PROVIDED (MARGIN) | 04/05/04 | OPEN | 0.000 | -100,000,000 | FEDERAL HOME LOAN MTG CORP SERIES 2471 CLASS YT 1.0000 03/15/32 | |||
| TOTAL REVERSE REPURCHASE TRANSACTIONS | $0 | $0 | ||||||
| TOTAL REPURCHASE TRANSACTIONS | $0 | $0 | ||||||
As of statement date¶
This summary is for informational purposes only. It is not intended as a tax document. His statement should be retained for your records. See reverse side for important information.¶
027 07/01/04:13:31 001¶
V832¶
EFTA00196467¶
BEAR STEARNS¶
OFFICE SERVICING YOUR ACCOUNT¶
Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179¶
2 of 3¶
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 On File¶
LAST STATEMENT May 28, 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*******¶
027¶
07/01/04;13:31 001¶
EFTA00196468¶
CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY¶
3 of 3¶
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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