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As c ri -a e ce ii o l nc nb a e c ln s uc o fn s o
  e ui sb s d rd le ro a e n xee t o re fu d fr
      te        tn     a           l
a y n w oh l p bc t d ds cs n oh r e ui s U a dfri )
 n o e h o s u ll r e t k a d te s c ri ( S n oe n,
           d    iy a    o             te          g
a dw ns ob r wa a s te
 n a t t or g i th m.
            o    n


 T e e“ nP r o e L a sa eI e l o :
  h s No - u p s ” o n r d a F r

  •   Fa c i s ru , x a s n&rs l
       rn h e t t p e p n i
            s a-          o   ea s
                                e
  •   C mmec l v s r
       o    ri i e t s
             an o
  •   Hg n t ot i id a b y gpo et t o c p o a a i e t n
       i e w r n v u l u i rp r o cu y r s n n s
        h       h di s      n     y              v me t
  •   F ri n t n lb y gpo et f n h e o b s e s snteU
       oe n ai a u i rp r ,r c i s r u i se i h S
          g    o s    n      y a s        n
  •   U ci n a dfri esn e t gi po et o b s e s s us eteU
       S i e s n oe n r i sn n rp r r u i se o td h S
          tz         g     v i       y      n      i
  •   D v l es n c roai s ol i , o i fr a h
       e e p r a d op rt n w r wd l k g o c s
          o             o     d eo n


As c ri -a e ce ii o l nia“ h d c l nw eece is o a
  e ui sb s d rd le ro s l t o ”o
      te        tn     a     ig       a h r rd in t
                                               t
fc r T e c nc s i a fwa e h () u i s d y atr orw r
a t . h y a l e n s e s i t8 b s e s a s f b r e
   o         o            g       n         e  o
a c pso nofr B r w rea s u o n rh i c ltrl ru h u te
 ce t la f . or e rti fl w es i n oaea t o g o th
           e    o      n l        p     l    h
l n( trs d i n s a pe i i ) $ 5 t o e $ Mio +
o i ee t id d , p rc t n. 5 K o v r 5 l n .
 a n     ,ve          ao                  l
                                          i


 A c p a l C l t r ln ld s
  c e t be ol e a I cu e :
              a

  •   C mmo s cs l s a y h r i tew r (5mi pi p r h r)
       o    ntka
              o    mo t n w ee n h ol $ n r e e s ae
                                     d   . c
  •   Muu l n s C ’( try 1t o e 2ys
        ta f d + Ds Maui – o v r r.
            u             t            )
  •   E c a g Ta e F n s E F
       xh n e rd d u d (T )
  •   U Te s r s TBl, ra uy oe )
       S ra ui (-i Te s r N ts
               e    ls                         G aa te
                                                u rne d
  •   B n s U Mu ip l op rt, .. o t
       o d ( S n i , roae US g v
                 cac               )          L we t ae
                                               o s R ts
                                                L we t e
                                                 o s Fe

 L a P r me e s
  o n a a t r:

  •   S c ri rma iy u te(oc a g o o n rh )n v r o .
       e ui s e i n o ri n h n e f w es i , e e s l
           te     n      t
                         l                 p      d
  •   2 / o lea c s,re o t t d ia c u t
       47 nn ce sf d m o r en co n.
            i        e       a
  •   C e ii iee tae b te n14 a d55
       rd len rsrts ew e .% n .%.
          tn t
  •   7 % L Vfr tc p roo (pt 9 % o TBl &oh r o te ui s.
       0 T o s k ot ls u o 7 n -i
                 o     fi               l te g vs c ri )
                                        s            t
                                                     e
  •   L a p r d f m 1t 7y as ce ii s a en maui d t)
       o n ei sr
             o o     o e r (rd le h v o try ae.
                                tn            t
  •   Mimu p roov l $ 0 ( n m wtda ai$ 5 )
        n m ot l a e 8 K mimu i rw l 5 K.
         i      fi u           i    h     s
  •   N ma i m l d gl t
       o x  mu e i i s
                 n n mi.
  •   R te n a c u ta da n i s r n t liec ltrl
       ei me t co ns n n ui ae o eg l oaea
         r                  te       ib    l   .
  •   Alrd le a dl n aeS C ISa dF Bc mpa t
       l e ii s n o s r E ,R n R o ln.
        c tn         a                      i
  •   T iin np ro ece in t mag l nl tdt 5 % L V
       h s o -up s rd, o a ri o i e o 0 T .
        s               t        n a mi



          F r r iomai o t rq e t q oe p a ec na t
           o moen r tn ro e u sa u t, l s o tc
                 f  o                  e        :
                        D nJ h s n
                         o o no
            Da n Fn n il evc s(rn hs F n ig
             imo d ia ca S rie Fa c ie u dn )
                  E id n rn h e a i . m
                   ma: o @f c i l s gc
                      l     a se n o
      T l 3 -8 -1 1 | T l re 8 75 82 7 | F x7 24 57 5
       e 7 27 79 9
        :              o Fe : 7 -0 -2 4
                        l                 a : 3 -9 -0 8

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Securities Based Credit Lines and Loans

  • 1. As c ri -a e ce ii o l nc nb a e c ln s uc o fn s o e ui sb s d rd le ro a e n xee t o re fu d fr te tn a l a y n w oh l p bc t d ds cs n oh r e ui s U a dfri ) n o e h o s u ll r e t k a d te s c ri ( S n oe n, d iy a o te g a dw ns ob r wa a s te n a t t or g i th m. o n T e e“ nP r o e L a sa eI e l o : h s No - u p s ” o n r d a F r • Fa c i s ru , x a s n&rs l rn h e t t p e p n i s a- o ea s e • C mmec l v s r o ri i e t s an o • Hg n t ot i id a b y gpo et t o c p o a a i e t n i e w r n v u l u i rp r o cu y r s n n s h h di s n y v me t • F ri n t n lb y gpo et f n h e o b s e s snteU oe n ai a u i rp r ,r c i s r u i se i h S g o s n y a s n • U ci n a dfri esn e t gi po et o b s e s s us eteU S i e s n oe n r i sn n rp r r u i se o td h S tz g v i y n i • D v l es n c roai s ol i , o i fr a h e e p r a d op rt n w r wd l k g o c s o o d eo n As c ri -a e ce ii o l nia“ h d c l nw eece is o a e ui sb s d rd le ro s l t o ”o te tn a ig a h r rd in t t fc r T e c nc s i a fwa e h () u i s d y atr orw r a t . h y a l e n s e s i t8 b s e s a s f b r e o o g n e o a c pso nofr B r w rea s u o n rh i c ltrl ru h u te ce t la f . or e rti fl w es i n oaea t o g o th e o n l p l h l n( trs d i n s a pe i i ) $ 5 t o e $ Mio + o i ee t id d , p rc t n. 5 K o v r 5 l n . a n ,ve ao l i A c p a l C l t r ln ld s c e t be ol e a I cu e : a • C mmo s cs l s a y h r i tew r (5mi pi p r h r) o ntka o mo t n w ee n h ol $ n r e e s ae d . c • Muu l n s C ’( try 1t o e 2ys ta f d + Ds Maui – o v r r. u t ) • E c a g Ta e F n s E F xh n e rd d u d (T ) • U Te s r s TBl, ra uy oe ) S ra ui (-i Te s r N ts e ls G aa te u rne d • B n s U Mu ip l op rt, .. o t o d ( S n i , roae US g v cac ) L we t ae o s R ts L we t e o s Fe L a P r me e s o n a a t r: • S c ri rma iy u te(oc a g o o n rh )n v r o . e ui s e i n o ri n h n e f w es i , e e s l te n t l p d • 2 / o lea c s,re o t t d ia c u t 47 nn ce sf d m o r en co n. i e a • C e ii iee tae b te n14 a d55 rd len rsrts ew e .% n .%. tn t • 7 % L Vfr tc p roo (pt 9 % o TBl &oh r o te ui s. 0 T o s k ot ls u o 7 n -i o fi l te g vs c ri ) s t e • L a p r d f m 1t 7y as ce ii s a en maui d t) o n ei sr o o o e r (rd le h v o try ae. tn t • Mimu p roov l $ 0 ( n m wtda ai$ 5 ) n m ot l a e 8 K mimu i rw l 5 K. i fi u i h s • N ma i m l d gl t o x mu e i i s n n mi. • R te n a c u ta da n i s r n t liec ltrl ei me t co ns n n ui ae o eg l oaea r te ib l . • Alrd le a dl n aeS C ISa dF Bc mpa t l e ii s n o s r E ,R n R o ln. c tn a i • T iin np ro ece in t mag l nl tdt 5 % L V h s o -up s rd, o a ri o i e o 0 T . s t n a mi F r r iomai o t rq e t q oe p a ec na t o moen r tn ro e u sa u t, l s o tc f o e : D nJ h s n o o no Da n Fn n il evc s(rn hs F n ig imo d ia ca S rie Fa c ie u dn ) E id n rn h e a i . m ma: o @f c i l s gc l a se n o T l 3 -8 -1 1 | T l re 8 75 82 7 | F x7 24 57 5 e 7 27 79 9 : o Fe : 7 -0 -2 4 l a : 3 -9 -0 8