' and the cntena for non-ssmultsreous setternent rrechanisins cl clearing houses to qualify for offsetting and is owied MI tOSPeCI welt/ Novato, or Denvatives and Cal:sst.:se et !Sedge ACCOUtStag-Amenarnents N IAS 39 Trete amendments provide relief from dscianbnung hedge aocounteg *fen novation of a denvat

r. Please consult J.P. Morgan concerning additional documentation that will be required. (b) In the preceding 12 months, the client has not executed Denvatives transactions in a gross notional amount greater than $8 billion, or, if the client haS executed Derivatives transactions in such amount, the client