This document is an activity statement for a brokerage account from January 10, 2008 to December 31, 2008. It provides summaries of the equity positions and values over time in the account, including cash, stock, and interest accruals. It also includes a mark-to-market performance summary showing the quantity, prices, and profit/loss for each stock transaction during the period.
Summary of the housing market in L.A. as it pertains to new homes, existing single-family homes, existing condominiums, apartments, foreclosures and defaults.
Summary of the housing market in L.A. as it pertains to new homes, existing single-family homes, existing condominiums, apartments, foreclosures and defaults.
Commodities - Futures Curves and Implied Volatility Surfaces - Futures and ETFsBCV
Commodities and Natural Resources
Commodities can be an efficient contributor to portfolio performance over a wide range of risk levels, as the asset class provides potent diversification at the total portfolio level. Although risk premia on commodity futures and equity markets are comparable, commodity futures’ returns display different behavior over the business cycle than traditional asset classes; resulting in negatively correlated returns with equity and fixed income. In addition, commodity futures are positively correlated with inflation, unexpected inflation, and changes in expected inflation. Those attributes make the asset class attractive from a total portfolio standpoint. Additionally, clients investing in hard and soft commodities can potentially profit from the increasing demand for these resources across the developed and developing world, and earn a risk premium for providing liquidity to the markets.
Still, commodity markets are volatile and only managers with acute expertise in the field may offer attractive returns as each market has its own characteristics and dynamics. Commodity investment programs must therefore be carefully designed, as there are opportunities to invest actively or passively, tactically or strategically, with leverage or without leverage. In this context, QMS Advisors can help guide investors allocate to the asset class efficiently and explore the many alternatives.
Similarly, designing a timber investment program is a custom solution driven by an investor's particular needs and investment objectives. Sophisticated investors have long profited from investments in timber as an adjunct to their real estate investments. Timber is unique among natural resources as timberland continually produces a commodity over time and offers embedded real options (mainly the option to postpone the harvesting time), while investments in natural resources like oil and gas are depleted over time. Like real estate, timber can be an income generating investment or a source of long term capital appreciation.
Investments in real estate, natural resources and commodities all present the advantage of having very low to insignificant correlation in returns when compared to traditional equity and fixed income investments. This allows for greater return diversification in addition to the possibility of higher overall returns.
RSA CANOLA (WCE) CCA COCOA FUTURE KCA COFFEE 'C' FUTURE C A CORN FUTURE CTA COTTON NO.2 JOA FCOJ-A FUTURE LBA LUMBER FUTURE O A OAT FUTURE RRA ROUGH RICE (CBOT) S A SOYBEAN FUTURE SMA SOYBEAN MEAL BOA SOYBEAN OIL SBA SUGAR #11 (WORLD) W A WHEAT FUTURE(CBT) KWA WHEAT FUTURE(KCB) OLA WOOL FUTURE (SFE) FCA CATTLE FEEDER FUT LHA LEAN HOGS FUTURE LCA LIVE CATTLE CLA WTI CRUDE FUTURE COA BRENT CRUDE XBA GASOLINE RBOB FUT HOA HEATING OIL QSA GAS OIL FUT (ICE) NGA NATURAL GAS GCA GOLD 100 OZ SIA SILVER FUTURE PLA PLATINUM FUTURE PAA PALLADIUM FUTURE LAA LME PRI ALUM LPA
This file is used for implied growth rate calculation of sensex and using the average implied growth rate a sensex value has been calculated which can be used as a correct sensex value (should be, in ideal case).
Commodities - Futures Curves and Implied Volatility Surfaces - Futures and ETFsBCV
Commodities and Natural Resources
Commodities can be an efficient contributor to portfolio performance over a wide range of risk levels, as the asset class provides potent diversification at the total portfolio level. Although risk premia on commodity futures and equity markets are comparable, commodity futures’ returns display different behavior over the business cycle than traditional asset classes; resulting in negatively correlated returns with equity and fixed income. In addition, commodity futures are positively correlated with inflation, unexpected inflation, and changes in expected inflation. Those attributes make the asset class attractive from a total portfolio standpoint. Additionally, clients investing in hard and soft commodities can potentially profit from the increasing demand for these resources across the developed and developing world, and earn a risk premium for providing liquidity to the markets.
Still, commodity markets are volatile and only managers with acute expertise in the field may offer attractive returns as each market has its own characteristics and dynamics. Commodity investment programs must therefore be carefully designed, as there are opportunities to invest actively or passively, tactically or strategically, with leverage or without leverage. In this context, QMS Advisors can help guide investors allocate to the asset class efficiently and explore the many alternatives.
Similarly, designing a timber investment program is a custom solution driven by an investor's particular needs and investment objectives. Sophisticated investors have long profited from investments in timber as an adjunct to their real estate investments. Timber is unique among natural resources as timberland continually produces a commodity over time and offers embedded real options (mainly the option to postpone the harvesting time), while investments in natural resources like oil and gas are depleted over time. Like real estate, timber can be an income generating investment or a source of long term capital appreciation.
Investments in real estate, natural resources and commodities all present the advantage of having very low to insignificant correlation in returns when compared to traditional equity and fixed income investments. This allows for greater return diversification in addition to the possibility of higher overall returns.
RSA CANOLA (WCE) CCA COCOA FUTURE KCA COFFEE 'C' FUTURE C A CORN FUTURE CTA COTTON NO.2 JOA FCOJ-A FUTURE LBA LUMBER FUTURE O A OAT FUTURE RRA ROUGH RICE (CBOT) S A SOYBEAN FUTURE SMA SOYBEAN MEAL BOA SOYBEAN OIL SBA SUGAR #11 (WORLD) W A WHEAT FUTURE(CBT) KWA WHEAT FUTURE(KCB) OLA WOOL FUTURE (SFE) FCA CATTLE FEEDER FUT LHA LEAN HOGS FUTURE LCA LIVE CATTLE CLA WTI CRUDE FUTURE COA BRENT CRUDE XBA GASOLINE RBOB FUT HOA HEATING OIL QSA GAS OIL FUT (ICE) NGA NATURAL GAS GCA GOLD 100 OZ SIA SILVER FUTURE PLA PLATINUM FUTURE PAA PALLADIUM FUTURE LAA LME PRI ALUM LPA
This file is used for implied growth rate calculation of sensex and using the average implied growth rate a sensex value has been calculated which can be used as a correct sensex value (should be, in ideal case).
Patents can provide insights regarding technical details for the smartphone payment transaction process such as Apple Pay, Samsung Pay and Android Pay. Followings illustrate the technical details for each step of the smartphone payment transaction process based on the related patents’ disclosures.
SPICE MODEL of LR6AG_RL=10(Ohm) in SPICE PARK. English Version is http://www.spicepark.net. Japanese Version is http://www.spicepark.com by Bee Technologies.
Investment Report for Cash Market..!! This report will help to manage your portfolio. This is very simpler investment report.
In one Report you can show your purchase detail, sales detail, closing detail, valuation detail, most important actual gain and market gain.
General motors straddle volatility strategyKaran Shah
Created a long volatility, neutral strategy (vega >0; delta= 0). suggested investment was for an
endowment fund so have considered carefully the levels of risk involved. Justified choice by considering the following factors: (i) the short duration of the strategy; (ii) current
market conditions (levels of the VIX, for example); (iii) historic volatility
of your asset and its current implied volatility; (iv) bid-ask spread and
liquidity of the relevant options, etc.
Graphed the expected profit/loss for our strategy for various choices of X,
assuming the stock price does not change and Implied Volatility changes by +/- 3%.
SPICE MODEL of PBYR10100 (Standard Model) in SPICE PARKTsuyoshi Horigome
SPICE MODEL of PBYR10100 (Standard Model) in SPICE PARK. English Version is http://www.spicepark.net. Japanese Version is http://www.spicepark.com by Bee Technologies.
SPICE MODEL of CR123A_RL=2.2(Ohm) in SPICE PARK. English Version is http://www.spicepark.net. Japanese Version is http://www.spicepark.com by Bee Technologies.
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
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It is crucial for the taxpayers to understand about the TDS Return Filing Due Date, so that they can fulfill your TDS obligations efficiently. Taxpayers can avoid penalties by sticking to the deadlines and by accurate filing of TDS. Timely filing of TDS will make sure about the availability of tax credits. You can also seek the professional guidance of experts like Legal Pillers for timely filing of the TDS Return.
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
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HR recruiter services offer top talents to companies according to their specific needs. They handle all recruitment tasks from job posting to onboarding and help companies concentrate on their business growth. With their expertise and years of experience, they streamline the hiring process and save time and resources for the company.
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
VAT Registration Outlined In UAE: Benefits and Requirementsuae taxgpt
Vat Registration is a legal obligation for businesses meeting the threshold requirement, helping companies avoid fines and ramifications. Contact now!
https://viralsocialtrends.com/vat-registration-outlined-in-uae/
LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
Have you ever heard that user-generated content or video testimonials can take your brand to the next level? We will explore how you can effectively use video testimonials to leverage and boost your sales, content strategy, and increase your CRM data.🤯
We will dig deeper into:
1. How to capture video testimonials that convert from your audience 🎥
2. How to leverage your testimonials to boost your sales 💲
3. How you can capture more CRM data to understand your audience better through video testimonials. 📊
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
Know more: https://www.synapseindia.com/technology/mean-stack-development-company.html
Premium MEAN Stack Development Solutions for Modern Businesses
Ib.2008
1. Activity Statement for January 10, 2008 - December 31, 2008
INTERACTIVE BROKERS LLC, Two Pickwick Plaza, Greenwich, CT 06830
Equity Summary In Base Currency ( January 10, 2008 - December 31, 2008 )
Current Period Prior Period
Total Long Short Total % Change
Cash 117,883.28 117,883.28 0.00 -31,660.74 472.33%
Stock 5,296.53 5,296.53 0.00 156,239.72 -96.61%
Interest Accruals -2.25 0.00 -2.25 -20.47 89.01%
Total 123,177.56 123,179.81 -2.25 124,558.51 -1.11%
2. Activity Statement for January 10, 2008 - December 31, 2008 Page: 2
Equity Value Time Series ( January 10, 2008 - December 31, 2008 )
Equity Value Distribution
11. Activity Statement for January 10, 2008 - December 31, 2008 Page: 11
Cash Report ( January 10, 2008 - December 31, 2008 )
Cash Detail Total Securities Commodities
Base Currency Summary
Starting Cash -31,660.74 -31,660.75 0.01
Commissions -1,148.44 -1,019.55 -128.90
Deposits/Withdrawals -15,439.20 -15,439.20 0.00
Account Transfers 4.62 4.62 0.00
Internal Transfers 0.00 12,417.89 -12,417.89
Dividends 789.24 789.24 0.00
Broker Interest Paid and Received 328.16 317.62 10.54
Cash Settling MTM 13,575.87 0.00 13,575.87
Net Trades (Sales) 2,113,173.22 2,107,621.34 5,551.89
Net Trades (Purchase) -1,961,199.84 -1,954,589.57 -6,610.27
Other Fees -74.20 -74.20 0.00
Payment In Lieu of Dividends 0.13 0.13 0.00
Transaction Tax -250.19 -250.19 0.00
Withholding Tax -25.30 -25.30 0.00
Cash FX Translation Gain/Loss -190.04 -208.80 18.75
Ending Cash 117,883.28 117,883.27 0.01
Ending Settled Cash 117,883.28 117,883.27 0.01
CAD
Starting Cash -216.52 -216.52 0.00
Account Transfers 0.00 0.00 0.00
Broker Interest Paid and Received -0.71 -0.71 0.00
Net Trades (Sales) 217.23 217.23 0.00
Ending Cash 0.00 0.00 0.00
Ending Settled Cash 0.00 0.00 0.00
EUR
Starting Cash 7.91 7.91 0.00
Account Transfers 0.00 0.00 0.00
Broker Interest Paid and Received 35.67 35.67 0.00
Net Trades (Sales) 286,992.09 286,992.09 0.00
Net Trades (Purchase) -286,992.00 -286,992.00 0.00
Ending Cash 43.67 43.67 0.00
Ending Settled Cash 43.67 43.67 0.00
HKD
Starting Cash -271,808.47 -271,808.47 0.00
Commissions -2,367.76 -1,999.76 -368.00
Deposits/Withdrawals -120,000.00 -120,000.00 0.00
Account Transfers 0.00 0.00 0.00
Internal Transfers 0.00 -4,047.28 4,047.28
Dividends 5,500.00 5,500.00 0.00
Broker Interest Paid and Received -1,603.52 -1,604.24 0.72
Cash Settling MTM 4,620.00 0.00 4,620.00
Net Trades (Sales) 1,641,159.44 1,597,909.44 43,250.00
Net Trades (Purchase) -1,264,117.42 -1,212,567.42 -51,550.00
Transaction Tax -1,947.51 -1,947.51 0.00
Ending Cash -10,565.24 -10,565.24 0.00
12. Activity Statement for January 10, 2008 - December 31, 2008 Page: 12
Ending Settled Cash -10,565.24 -10,565.24 0.00
USD
Starting Cash 3,352.61 3,352.60 0.01
Commissions -844.27 -762.61 -81.66
Account Transfers 4.62 4.62 0.00
Internal Transfers 0.00 12,920.04 -12,920.04
Dividends 84.21 84.21 0.00
Broker Interest Paid and Received 485.49 475.04 10.45
Cash Settling MTM 12,991.25 0.00 12,991.25
Net Trades (Sales) 1,491,534.71 1,491,534.71 0.00
Net Trades (Purchase) -1,388,323.76 -1,388,323.76 0.00
Other Fees -74.20 -74.20 0.00
Payment In Lieu of Dividends 0.13 0.13 0.00
Withholding Tax -25.30 -25.30 0.00
Ending Cash 119,185.50 119,185.49 0.01
Ending Settled Cash 119,185.50 119,185.49 0.01
13. Activity Statement for January 10, 2008 - December 31, 2008 Page: 13
Change In Position Value ( January 10, 2008 - December 31, 2008 )
Stocks
Base Currency Summary
Prior Period Value 156,239.72
Transactions -165,890.90
MTM P/L On Prior Period 1,689.56
MTM P/L On Transactions 13,168.92
Positions FX Translation P/L 89.24
End Of Period Value 5,296.53
HKD
Prior Period Value 301,120.00
Transactions -269,090.00
MTM P/L On Prior Period -33,090.00
MTM P/L On Transactions 6,180.00
End Of Period Value 5,120.00
USD
Prior Period Value 117,675.28
Transactions -131,347.09
MTM P/L On Prior Period 5,936.05
MTM P/L On Transactions 12,371.66
End Of Period Value 4,635.90
Equity and Index Options
Base Currency Summary
Prior Period Value 0.00
Transactions 15,114.38
MTM P/L On Prior Period -17,760.10
MTM P/L On Transactions 2,636.92
Positions FX Translation P/L 8.80
End Of Period Value 0.00
HKD
Prior Period Value 0.00
Transactions 8,300.00
MTM P/L On Prior Period -4,950.00
MTM P/L On Transactions -3,350.00
End Of Period Value 0.00
USD
Prior Period Value 0.00
Transactions 14,056.00
MTM P/L On Prior Period -17,123.34
MTM P/L On Transactions 3,067.35
End Of Period Value 0.00
Futures
Base Currency Summary
Prior Period Value 0.00
MTM P/L On Prior Period 24,017.32
MTM P/L On Transactions -10,441.45
Settled Cash 13,575.87
End Of Period Value 0.00
14. Activity Statement for January 10, 2008 - December 31, 2008 Page: 14
HKD
Prior Period Value 0.00
MTM P/L On Prior Period 7,130.00
MTM P/L On Transactions -2,510.00
Settled Cash 4,620.00
End Of Period Value 0.00
USD
Prior Period Value 0.00
MTM P/L On Prior Period 23,103.00
MTM P/L On Transactions -10,111.75
Settled Cash 12,991.25
End Of Period Value 0.00
Transfers ( January 10, 2008 - December 31, 2008 )
Symbol Date Type Direction Account Cash Amount Quantity Transfer Price Market Value
Cash
USD
-- 2008-01-15 ACAT IN 88265338 4.62 0 0.0000 0.00
Total in USD 4.62 0.00
Codes
Code Meaning
A Assignment
B Automatic Buy-in
C Closing Trade
Ca Cancelled Trade
Cc Cancelled Corporate Action
Co Corrected Trade
E External Transfer
Ep Resulted from an Expired Position
Ex Exercise
I Internal Transfer
L Ordered by IB (Margin Violation)
LI Last In, First Out (LIFO) tax basis election
Lt Long Term P/L
M Entered manually by IB
ML Maximize Losses tax basis election
N Late Trade. Profit or Loss will be recognized on next day's statement
O Opening Trade
P Partial Execution
PI Price Improvement
Plc P/L affected by Corporate Action
Plt P/L affected by Transfer
Po Interest or Dividend Accrual Posting
R Dividend Reinvestment
15. Activity Statement for January 10, 2008 - December 31, 2008 Page: 15
Re Interest or Dividend Accrual Reversal
St Short Term P/L
T Transfer
Notes/Legal Notes
Notes
1. Stock transactions settle on the trade date plus three days and securities options settle on the trade date plus one day. Ending settled cash reflects the cash which has actually settled.
2. Initial and maintenance margin requirements are available within the Account Window of the Trader Workstation.
3. Quantities preceded by a quot;-quot; sign indicate sell transactions. Other transactions are purchases. The settlement date for stock transactions is trade date + 3 business days, except for transactions on XETRA, which settle on
trade date + 2 business days. Option transactions settle on trade date + 1 business day.
4. In case of partial executions, commissions are charged on the total quantity executed on the original order. The commission is displayed on the first partial execution only.
5. All times are local to the exchange.
6. Click here (http://www.interactivebrokers.com/en/accounts/fees/exchangeAndRegulatoryFees.php) to view the applicable commodity Regulatory Fees for your transactions.
Fixed Income Notes
1. Call features for bonds or preferred stocks may affect the yield. For zero coupon, compound interest and multiplier securities, there are no periodic payments and securities may be callable below maturity value without
notice to holder unless registered. For asset-backed securities, the actual yield may vary depending on the speed at which the underlying note is pre-paid. For additional information regarding bond yield, please contact
the IB Help Desk at: help@interactivebrokers.com.If this debt security is unrated by a nationally recognized statistical rating organization, it may pose a high risk of default. You should consult a financial advisor to
determine whether unrated bonds are appropriate for your portfolio in light of your goals and your financial circumstances.
Legal Notes
1. Please promptly report any inaccuracy or discrepancy in this statement, or in your account. Contact the IB Customer Service Department in writing using the form available on the IB website. You may
also contact IB by phone, but if you report an error by phone, you should re-confirm such oral communication in writing in order to protect your rights, including rights under the Securities Investor
Protection Act (SIPA).
Interactive Brokers LLC, www.interactivebrokers.com, 877-442-2757 (U.S.)
Interactive Brokers (UK) (Ltd), www.interactivebrokers.co.uk, 00800-42-276537 (Intl)
Interactive Brokers Canada Inc., www.interactivebrokers.ca, 877-745-4222 (Can.)
2. Unless otherwise noted, Interactive Brokers acted as agent in the execution of the above transactions. For those exchanges where IB is not self-clearing, IB may use one of the following clearing agents: Interactive
Brokers (U.K.) Limited, Timber Hill Canada Company, Timber Hill Europe AG, Timber Hill LLC, Timber Hill Securities Hong Kong Limited, BBVA Bancomer, S.A., BNP Paribas Commodity Futures, Inc., Citibank
International plc, Euroclear Bank S.A./N.V., Fortis Clearing Singapore Pte. Ltd., Fortis Clearing Sydney Pty Limited, Goodmorning Shinhan Securities Co., Ltd., Newedge Group S.A., Skandinaviska Enskilda Banken AB,
Société Générale Zurich branch.
3. IB acts as agent or riskless principal in foreign currency exchange transactions. Such transactions are executed against an IB affiliate or a third party, which acts as principal in such transactions and may have a long or
short position and may have profited or lost in connection with the transaction. Foreign currency exchange transactions executed by Customer through IB are not regulated or overseen by the SEC or the CFTC.
4. Trades marked with the exchange indicator of TMBR were effected by IB as agent through a market making affiliate, which acted as principal in the transaction and may have a long or short position in the security and
may have profited or lost in connection with the transaction.
5. All VWAP trades are effected pursuant to an average price formula based on a reference price provided by a third-party data provider. Additional information and reference prices are available upon request. IB, as agent,
effects VWAP transactions through a market making affiliate, which acts as principal in such transactions and may have a long or short position in the security and may have profited or lost in connection with the
transaction.
6. Except for liquidity rebates that may be paid by ECNs for certain orders routed to those ECNs, IB does not generally accept payment for order flow for stock orders. ECN liquidity rebates are credited against the fees
charged by the ECNs to execute other orders. IB receives payment for some option orders pursuant to exchange-mandated marketing fee programs or other arrangements. IB does not generally accept payment for order
flow for security futures orders. To the extent permissible under exchange rules, IB may direct customer stock, option, futures, or security futures orders to its market making affiliate Timber Hill LLC, or to another affiliate,
for execution. In such cases IB's affiliate may act as principal in the resulting transaction and may earn a profit or incur a loss in connection with the transaction. The source and nature of any compensation received by IB
in connection with any transaction is available upon written request of the customer. For further information, check the IB website or email help@interactivebrokers.com.
7. For security futures trades, if not already indicated on this statement, information about the time of any transaction, the identity of the counterparty to the transaction, and whether IB is acting as agent or principal, as
agent for the counterparty, as agent for both parties to the contract, or as principal, and if acting as principal, whether the transaction was a block transaction or an exchange for physicals transaction, will be available
upon written request of the customer.
8. Customer is requested to promptly advise Interactive Brokers of any material change in Customer's investment objectives or financial situation.
9. A financial statement of Interactive Brokers LLC is available for your personal inspection at www.interactivebrokers.com or at its offices, or a copy of it will be mailed upon your written request.
SIPC Member
Generated at: 2009-05-24, 11:54:37 EDT