Please note: if no claims or queries are made to us by telephone or fax within 48 hours of the statement date, you are considered to have accepted the statement and all transactions detailed as being correct.

If a daily statement is not received, please contact us immediately.

Таблица 3

SOVEREIGN DAILY CONFIRMATION STATEMENT

23.06.98 USDCHF - 500.00024.06.98 1,49860 1,50650 - 3.950,00 CHF USDCHF 1,5065 - 2.621,97 USD 22.06.98 USDCHF 500.000 24.06.98 1,50050 1,50650 3.000,00 CHF USDCHF 1,5065 1.991,37 USD Total per Symbol 0 - 950,00 CHF - 630,60 USD Total per Expiration - 630,60 USD

Awaiting Settlement Estimated Profit/Loss Value in US

23.06.98 USDCHF 500.000 25.06.98 1,49850 1,50650 4.000,00 CHF USDCHF 1,5065 2.655,16 USD 23.06.98 USDCHF- 500.000 25.06.98 1,50200 1,50650 - 2.250,00 CHF USDCHF 1,5065 - 1,493,53 USD Closcout 500.000 1.750,00 CHF 1.161,63 USD Total per Symbol 1.750,00 CHF 1.161,63 USD Total per Deposit 1.161,63 USD

Open Positions Realized Profit/Loss Value in USD

Long USDCHF 500.000 26.06.98 1,60640 1,50650 50,00 CHF USDCHF 1,5065 33,19 USD

Total open pos. Value at last in USD 33,19 USD

Beginning Account Balance 12.600,00 Awaiting Settlement 1.161,63

Cash Payment 0,00 Open P/L 33,19

Closed Positions - 630,60 Liquidation Value 13.164,22

Commissions 0,00 Stop Risk 0,00

Ending Account Balance 11.969,40 Free Equity 13.164,22

Please note: if no claims or queries arc made to us by telephone or fax within 48 hours of the statement date, you arc considered to have accepted the statement and all transactions detailed as being - correct. If a daily statement is not received, please contact us immediately under telephone.

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