Effective on This is to inform you that, effective as of the close of business today, Friday, October 28, 2005, pursuant to a letter of instruction received by FICC from SSS, all outstanding transactions in the TRS account (#9562), including, without limitation, repo, reverse repo, and buy/sell transactions, will be transferred to the SSS account (#9520). In turn, SSS has assumed responsibility for performing all obligations arising out of such transactions as if it were the original counterparty to such transactions, including all obligations arising pursuant to the GSD’s Rules. In conjunction with this merger, the membership of TRS has extinguished, and effective upon completion of the above-mentioned transfer, the TRS account (#9562) will be closed. The GSD will modify its records to list SSS (#9520) as the counterparty on all outstanding transactions that were originally executed with TRS (#9562). We suggest that netting members, as appropriate, do the same on their own books and records. We wish to emphasize that the transfer of transactions in no way affects the GSD’s full guarantee of settlement of all outstanding netting-eligible transactions into which TRS entered. Therefore, all netting-eligible transactions previously executed with TRS compared by the GSD continue to be guaranteed by the GSD, and will be settled through the GSD’s normal settlement process pursuant to their original terms. Therefore, effective as of the close of business today, Participant Name Participant Number From: Three Rivers Securities LLC 9562 To: If you have any questions regarding this notice, please contact David Cosgrove, Vice President, Operations, at (212) 855-7688 or dcosgrove@dtcc.com, or the FICC Client Support Group at (212) 855-7651/7652/7653. Nikki Poulos Vice President and General Counsel |