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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
visory Committee of the New York Federal Reserve. • Simon M. Lorne, 72 Coined in 2004), is Millennium's Vice Chairman and Chief Legal Officer. Mr. Lorne oversees compliance, legal, and regulatory functions, along with management controls and internal audit. Mr. Lorne had been a partner in the law fi
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
t Risk Committee of the General Partner. • Simon M. Lorne, 66 (joined in 2004), is the General Partner's Vice Chairman and Chief Legal Officer. Mr. Lorne oversees compliance, legal, and regulatory functions, along with management controls and internal audit. Mr. Lorne had been a partner in the law fi
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
t Risk Committee of the General Partner. • Simon M. Lorne, 66 (joined in 2004), is the General Partner's Vice Chairman and Chief Legal Officer. Mr. Lorne oversees compliance, legal, and regulatory functions, along with management controls and internal audit. Mr. Lorne had been a partner in the law fi
Entities connected to both Mohammed bin Salman and Lorne

United States
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George W. Bush
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Ghislaine Maxwell
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Julie K. Brown
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Marc Rich
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Prince Charles
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Wilbur Ross
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New York
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U.S. Treasury
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United Kingdom
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New York State
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Morgan Stanley
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England
LOCATIONMillennium USA LP
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