EFTA Document EFTA01800810

From: Sent: To: Subject: Not until we speak Jeevacation <[email protected]> Wednesday, November 10, 2010 8:17 PM Paul S Barrett Re: Line of Credit Sorry f=r all the typos .Sent from my iPhone On Nov 10, 2010, at 5:37=PM, Paul S Barrett <, wrote: HI Jeffrey =nbsp; We have been appro=ed for a 50MM line of credit - we will use this for doing swap spread trade= (where we buy treasuries and pay fixed in swaps • makes money if swap rate= go higher vs treasuries). We are hedged for parallel shifts in the curve.<=:p> Right now the spread is at +14bps= I would like to do 50MM notional at +12bps. This leaves us at 40,000/basis=point. =/o:p> We sent the docs to Harr=. =/span> Thanks Paul Paul Barre=t, CFA Managing Director Global=Investment Opportunities Group EFTA_R1_00140688 EFTA01800810 =span style="font-size:10.5ptfont-family:Consolas">WMorgan Private Bankc=:p> This email is confidential and subject to important disclaimers and conditio=s including on offers for the purchase or sale of securities, accuracy and c=mpleteness of information, viruses, confidentiality, legal privilege, and l=gal entity disclaimers, available at http://www.jpmorgan.com/pages/disclosures/email chttp://www.jpmorgan.com/pag=s/disclosures/email> . = 2 EFTA_R1_00140689 EFTA01800811