Epstein Secrets

e from high grade to high yield and distressed debt. I1 EWAGNE\217652.1- 11/29/12 EFTA_R 1 _02136020 EFTA02713631 Mortgage-backed Securities ("MBS'): The Partnership may invest in MBS and associated derivatives. MBS are securities that represent an interest in, or are secured by, mortgage loan

er applicable regulations, as discussed below, an investment in the Partnership by an ERISA Plan is subject to ERISA and an investment by an IRA, a Keogh Plan and certain other plans is generally subject to Section 4975 of the Code. The provisions of ERISA are subject to extensive and continuing admi

rest-rate and foreign exchange-rate risks. Mortgage-backed Securities ("Mal) and Asset-backed Securities ("ABS') Some investment characteristics of MBS and ABS differ from traditional debt securities. Among the major differences are that interest and principal payments are made more frequently, usu

ir net investment income. Qualified Retirement Plans. Employee benefit plans subject to the provisions of ERISA, Individual Retirement Accounts and Keogh Plans should consult their counsel as to the implications of such an investment under ERISA and the Code. (See "ERISA Considerations.") Endowment F

to defaults and foreclosures) occur on loans and other assets ML281817-MAXWELL 11-29 CONFIDENTIAL UBSTERRAMAR00002445 EFTA00238001 underlying MBS and ABS will be affected by a variety of factors including the prevailing level of interest rates as well as economic, demographic, tax, social, leg

govern their operations. Qualified Retirement Plans. Employee benefit plans subject to the provisions of ERISA, Individual Retirement Accounts and Keogh Plans should consult their counsel as to the implications of such an investment under ERISA and the Code. (See "ERISA Considerations.") Endowment F

tions due to defaults and foreclosures) occur on loans and other assets MAXWELL 11-29 CONFIDENTIAL UBSTERRAMAR00001392 EFTA00237038 underlying MBS and ABS will be affected by a variety of factors including the prevailing level of interest rates as well as economic, demographic, tax, social, leg

govern their operations. Qualified Retirement Plans. Employee benefit plans subject to the provisions of ERISA, Individual Retirement Accounts and Keogh Plans should consult their counsel as to the implications of such an investment under ERISA and the Code. (See "ERISA Considerations.") Endowment F

OF BANKING RELATIONSHIP: (date opened, account numbers, related accounts, etc.) ACCT# DATE OPENED Mar-91 Mar-91 Jan-94 Oct-97 Jan-01 Aug-99 MB S 5,512 S 87,143 ilM/MINH/O 1)Ittfrt‘O $ 4,866 S 54,533 S 113,800 FEES PAID LOAN IN CASH FINANCE PROCEED OTHER: ()AN FEE •:)C STAMPS (T

subsidiary ishathog tithed hinsuitioo at accounts held pan& tub mown else and an aconite Guarantee nay open on the future, aslant however. all IRA. Keogh and Milt 11CONSill MISCELLANEOUS PROVISIONS The following miscellaneous provisions are a part of ihn Guaranty. Aniesdatems That Guaranty combines