Re:

Spector, Edward (Private Banking and Investment - WFCB)

how much capital did we tie up for what period of
return....

--- "Spector, Edward (Private Banking and Investment -
WFCB)" edward_spector@ml.com wrote:

Jeffrey,

Hope you are enjoying your weekend.

Below are 2005 realized and unrealized gains for
FTC, LHW, and AW as of
December 16th for positions traded through Merrill.
Please note that
Merrill's official records are confirms and monthly
statements.

FTC:

Realized:

FX Forwards: MXN/USD 435,828 (all settled
except 114,722 gains
to settle April 2006)
USD/JPY (339,525) (to
settle April 2006)
NOK/SEK 148,251 (all
settled)
USD/INDIA 36,347 (all
settled)

Total FX Forwards
280,901

FX Option MXN Call/USD Put
11,797

Interest Rate Swaps -10 Year Swap Rates 379,000

FTC Realized & Unrealized
671,698

LHW

Realized:

Nikkei Option:
909,465
USD/MXN FX Forward
107,472 (to
settle April 2006)

LHW Realized & Unrealized
1,016,937

AW

Realized:

Discretionary Account Trading (various) 260,891

Unrealized:

BSC
2,728,642
Nikkei Warrants
650,000
Discretionary Account Trading (various) 91,862

Total Unrealized
3,470,504

AW Realized & Unrealized 3,731,395

If you have any discrepancies, please advise.

Best Regards,

Ed

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