CDC UP Quality Management Plan Template
CDC UP Quality Management Plan Template
CDC UP Quality Management Plan Template
Management
Evaluation
The majority of the sections can be found in both
Accounts and Investments on Call
Cover Page 4
reports. If a section only appears in one type of report,
Portfolio Matrix 6
it will be clearly indicated.
Amount (1) Market Value (8)
Displays the currency code and the value of the investment The current value of the investment in valuation currency.
Asset Allocation 8
in asset currency. The value of the investment is typically
the balance of the cash account. In the examples above, Accrued Interest (9)
Maturity Date (4) and the variety of investments that you hold. Positions Overview 12
Date on which the deposit ends through cash or physical
settlement or expiration with no value.
Detailed positions
The exchange rate used to calculate the value of the
investment. The exchange rate used will be at close of
business of the valuation date of the report.
Accounts
EUR 68,576.47 Current Account
Account No.:
1.228465
2,294
4.109% 55,823
308
0.19
0.00
e-Portfolio please contact your client advisor. Further evaluation
GBP 530,340.32 Current Account 1.000000 5.215% 530,340 1.78
USD
Account No.:
26,388.43 Current Account
Account No.:
27,657
0.562968
536
3.605%
20,107
14,856
44
0.07
0.05
0.00 Statements can be requested on a monthly, quarterly or Transactions Pending Settlement 28
Subtotal Accounts 601,019 2.02
601,019
0.07
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Evaluation • Detailed positions • Further evaluation • Additional information
Cover page
The Cover Page of the Statement of Assets contains Contact Information (3)
key details regarding your portfolio details. The contact information in the top right-hand corner
displays the name, direct telephone and fax numbers and
Client Information (1) e-mail address of your client advisor.
This section details the name and number of the portfolio
that the Statement is applicable to. Dates (4)
There are two dates displayed on the cover page.
If you have multiple portfolios, you can choose how you The date alongside the ‘Statement of Assets’ or
wish to receive your reports. You can choose to receive ‘Consolidated Statement of Assets’ is the date that the
an individual Statement of Assets report for each Portfolio/Mandate is valued on. For example, a report as
portfolio or a single Consolidated Statement of Assets at 31 December 2008 will use the market price at close of
report for all of your portfolios within a single Mandate. business on this date.
Please note: Investments are valued using the available
Client Investment Profile (2) price sources. A lack of valuation indicates that no price
Valuation Currency: The currency that the statement was available at the time this valuation was prepared.
is valued in. For formal reports, the valuation currency The date shown below ‘Your client advisor’ on the top
will be the same as the reference currency. For ad-hoc right hand side of the statement is the date that the
reports (ad-hoc reports are produced outside the formal statement was physically produced.
valuation process and are designed for internal use) the
valuation currency can be specified by the requestor of
the statement. This can therefore vary from the reference
currency.
Reference Currency: The base currency that your portfolio/
mandate is valued is valued in. This would have been
specified at the time your account was opened with UBS.
For UK individuals, this reference currency is normally
shown in GBP. For non-UK individuals, the reference
currency can vary, for example EUR or USD.
Investment Strategy: The strategy applied to the portfolio
designed around the investors risk/return trade off.
Portfolio Type: The name defined for the portfolio,
e.g. Self-Directed, Discretionary.
4
ab UBS AG
1 Curzon Street
London W1J 5UB
3 Your Client Advisor:
*UKSVS_3861591000_2008-10-31_10009528_MONTHLY.PDF*
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Evaluation • Detailed positions • Further evaluation • Additional information
Portfolio Matrix
The Portfolio Matrix page provides an overview of
your portfolios at asset class level. This option is
only available on Consolidated Statement of Assets.
This report is similar to the Asset Allocation page, shown
overleaf, with the exception that rather than showing the
market value at risk currency, the information is shown at
portfolio level.
The report provides an overview of your portfolios at asset
class level and overall mandate level.
Please see the descriptions for asset class on page 12 for
definitions of the headings.
6
Portfolio Matrix Mandate Number
Consolidated Statement of Assets as of 31 December 2008
UBS AG, produced on 20 January 2009
Portfolio Number Liquidity Bonds Equities Alternative Real Estate Precious Metals Other Total
Portfolio Type Investments & Commodities
139,700 1,085,429 1,225,129
Self-Directed 3.89% 30.22% 34.11%
914 315,100 316,014
Alternative 0.03% 8.77% 8.80%
Investment Adv.
803,640 852,163 362,377 32,755 2,050,934
Active Portfolio 22.37% 23.72% 10.09% 0.91% 57.10%
Advisory
Total 944,253 0 852,163 677,476 0 32,755 1,085,429 3,592,076
26.29% 0.00% 23.72% 18.86% 0.00% 0.91% 30.22% 100.00%
Liquidity includes Liabilities
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Evaluation • Detailed positions • Further evaluation • Additional information
Asset Allocation
The Asset Allocation page provides an overview Precious Metals & Commodities Risk Currency (2)
of your assets, categorised by Asset Class and Risk Investments with risk exposure to the precious metals Risk currency is the currency that the instrument is exposed
Currency. (PM) or commodities (C) markets, i.e. markets where raw to. This reflects the currency which the value of the
materials of uniform quality are traded. instrument is dependant on or exposed to respectively. The
Asset Classes (1) selection of risk currency involves the analysis of which
PM&C primarily include agricultural and mining products,
The Asset Classes used conform to the Unified Asset as well as energy sources (traded on commodity currencies make up the majority of the expected cash
Classification (UAC) naming convention. There are seven exchanges). flows and whether the currencies are hedged against the
asset classes used within the reports: nominal currency of the investment.
Other Where FX Transactions are shown within the report,
Liquidity
Category used for Funds, Structured Products with mixed the Asset Allocation page will split the two sides of the
Instruments with main exposure in the money markets and exposure and instruments which do not belong to one of transaction into their respective risk currency.
FX markets, i.e. cash or term deposits, short-term bonds the existing classes, e.g. insurance linked certificates or
and currency certificates/derivatives. weather derivatives.
Bonds
Instruments with main exposure in the fixed income
markets, i.e. interest rate and issuer risks. This includes
convertible bonds.
Graphical Representation
Equities
In addition to the Asset Allocation table, three pie charts Asset Class: The seven (UAC) asset classes listed above
Investments where the stock market is the main risk
will be displayed; Risk Currency: Please see description above
driver, i.e. exposure to corporate or sector risks. Includes
listed stocks from energy, commodity & real estate sectors The pie charts show the valuation currency value and Region: Geographical regions that the assets are quoted in
sectors. distribution of the assets within three categories. Namely,
Alternative Investments Gross Assets by Asset Class Gross Assets by Risk Currency Equities by Region
Real Estate
Investments with direct exposure to the property markets, Liquidities
Bonds
1,401,728
444,865
12.84%
4.07%
GBP
EUR
6,339,771
1,726,221
58.06%
15.81%
EMU
United Kingdom
2,079,945
1,756,388
32.15%
27.15%
Equities 6,468,932 59.24% USD 697,103 6.38% North America 1,004,007 15.52%
e.g. direct ownership in real estate, investments in Alternative Investments 555,221 5.08% NOK 410,862 3.76% Nordic Countries 477,892 7.39%
Real Estate 60 0.00% CHF 375,220 3.44% Pacific excluding Japan 299,697 4.63%
unlisted/private real estate securities or pure real estate 600 236,479 2.17% Various 1,370,850 12.55% Various 851,004 13.16%
Others 1,812,742 16.60%
funds with holdings predominantly in direct real estate.
8
Asset Allocation
Portfolio
Portfolio Number
Statement of Assets as of 31 December 2008
UBS AG, produced on 20 January 2009
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Evaluation • Detailed positions • Further evaluation • Additional information
Performance Summary
The Performance Summary page details your Methodology
portfolios return against a specific benchmark. Performance figures are adjusted to account for
The performance summary page shows the portfolios contributions and withdrawals to your portfolio.
return (performance) versus a benchmark for the following The methodology used to calculate the performance
periods: 1 month, 3 months, 6 months, Year to Date, Last figures is Modified Dietz, which is used industry wide as
12 months, last 3 years and last 5 years. the approximation of a real time weighted rate of return
Return figures for periods longer than one year are calculation.
annualised, making it easier to compare them to other The Modified Dietz Method is a calculation used to
performance figures over any period (usually annualised as determine the performance of an investment portfolio
well). It is market practice not to annualise figures covering based on time-weighted cash flow. In the absence of daily
less than 12 months. portfolio valuations, the Modified Dietz Method weights
individual cash flows by the amount of time that those
Benchmark cash flows are held (or absent) from the portfolio. The
A benchmark is typically a blend of indices against result is an approximation of time weighted return.
which the performance of a portfolio is measured. Return = End Value – Start Value – Sum of all cash flows
Where provided, benchmark data is sourced from RIMES
Technologies Corporation. Start Value + Sum of all cash flows multiplied by
the proportion of time invested
Monthly Portfolio Returns % (1)
A chart that shows the monthly portfolio return compared
against the benchmark in graphical format.
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Performance Summary
Client name
Portfolio Number
Statement of Assets as of 31 December 2008
UBS AG, produced on 20 January 2009
Portfolio Last 1 Month % Last 3 Months % Last 6 Months % Year to Date % Last 12 Months % Last 3 Years % * Last 5 Years % * Benchmark
Portfolio B'mark Portfolio B'mark Portfolio B'mark Portfolio B'mark Portfolio B'mark Portfolio B'mark Portfolio B'mark
4.75 5.52 -5.07 -4.82 -1.19 0.20 -8.96 -7.43 -7.19 -3.97 3.08 6.73 MFP GBP TRADITIONAL
EQUITY BMK
* Returns are annualised
1 2
Monthly Portfolio Returns % Fund Benchmark Cumulative Portfolio Growth Fund Benchmark
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Evaluation • Detailed positions • Further evaluation • Additional information
Positions Overview
The Positions Overview page shows a high level view Table 1
at Investment Category level of the market value of
your investments. Reporting Investment Investment Reporting Investment Investment
Class Category Sub-category Class Category Sub-category
Investment Category (1)
Liquidity Accounts and Accounts Precious Precious Metals - Precious Metal
Investments are split by asset classifications into reporting Investments on Call Money Market Call Metals & and Commodities Accounts
class (Liquidity, Bonds, Equities etc), Investment Category Commo- Investments - Precious Metals
(Accounts and Investments on Call, Bond Investments) Liabilities Liabilities dities
- Commodities
and Investment Sub-category (Accounts, Hedge Funds, - Structured Products
Money Market Time Money Market Time
Private Equity). The table on the right provides a detailed with Precious Metals
breakdown of each class/category. FX Products and - Swap and Forward and Commodities
Derivatives Contracts Character
Market Value (2)
- FX Options Precious Metals - Swap and Forward
The current value of the investment shown in the - Structured Products and Commodities Contracts
Statement’s valuation currency. The price used is at close with FX Character Derivatives - Precious Metals and
of business of the report date. This does not include Commodities Options
accrued interest. Bonds Bond Investments - Bonds
- Convertible and Others Asset Allocation Funds Asset Allocation Funds
Accrued Interest (3) Warrant Bonds
The amount of accrued interest earned on your accounts - Structured Products Insurance Products - Non Fund-Linked Life
in asset currency up to the valuation date of the reports. with Bond Character Insurance
- Fund-Linked Life
In relation to cash accounts, the accrued interest shown is Interest Rate Swaps and Forward Rate Insurance
the amount that has been accrued since the last interest Derivatives Agreements
payment date. Interest is normally paid to clients on a Others Others
quarterly basis. Equities Equity Investments - Equities
- Structured Products Pro Memoria Mortgages Mortgages
In relation to bond investments, the accrued interest with Equity Character
shown is the amount of interest accrued since the last Contingent Assets and - Contingent Assets
payment date of the bond. Alternative Alternative - Hedge Funds Liabilities - Contingent Liabilities
For cash and bond investments, accrued interest is Investments Investments - Private Equity
Unvalued Custody Unvalued Custody
calculated on a daily basis. - Structured Products
Account Positions Account Positions
with Alternative
Total (4) Investments Character Non-Bankable Assets Non-Bankable Assets &
The combined total of the Market Value and the Accrued - Others & Liabilities Liabilities
Interest.
Real Estate Real Estate - Real Estate Funds
% of GA (5) Investments - Structured Products
This figure represents the value of the asset as a with Real Estate
Character
percentage of your total gross assets.
12
Positions Overview Portfolio Number
Statement of Assets as of 19 January 2009
Produced on 20 January 2009
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Evaluation • Detailed positions • Further evaluation • Additional information
Detailed Positions
The Detailed Positions pages show all of your Each section (with the exception Accounts and Investments
holdings, listed by asset class, investment category on Call which will not have Total Cost Value) will have
and investment sub-category. subtotals that include:
A comprehensive list of asset classes, investment • Total Market Value of the assets held within the
categories and investment sub-categories can be found on category
the previous page. • Total Accrued Interest earned
Headings may differ for each category depending on the • Total Gross Estimated Annual Income
type of investment held.
• Total Cost Value
In addition to the Statement of Assets and Consolidated
The reports will also show an overall total at each of the
Statement of Assets reports, you have the option to
four levels mentioned above.
request a Short Form or Long Form version of the Detailed
Positions section. Please note that some figures contained within this
section, including market value, are rounded up or down
Short Form Statement to the nearest whole number.
The aim of a Short Form Statement is to provide a
concise summary of information that will enable you to
have a clear understanding of your investments and the
associated market value of your portfolio/mandate. The
information that is shown is restricted to set criteria that
will aid your understanding of the statements.
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Evaluation • Detailed positions • Further evaluation • Additional information
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Amount 1 Description 2 3 Start Date 4 Maturity Date Exchange Rate 5 Interest Rate 7 Market Value 8 % of 10
Gross Est. Annual Inc. 6 Accrued Interest 9 GA
Accounts and Investments on Call
Accounts
EUR 68,576.47 Current Account 1.228465 4.109% 55,823 0.19
Account No.: 2,294 308 0.00
GBP 530,340.32 Current Account 1.000000 5.215% 530,340 1.78
Account No.: 27,657 20,107 0.07
USD 26,388.43 Current Account 0.562968 3.605% 14,856 0.05
Account No.: 536 44 0.00
Subtotal Accounts 601,019 2.02
20,458 0.07
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Evaluation • Detailed positions • Further evaluation • Additional information
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Short form headings
1 Currency 2 Amount Description 3 Trade Date 4 Dealt Rate 6 Market Rate 8 Unrealised P/L 10 % of 11
Expiration Date 5 Dealt Value 7 Net Present Value 9 GA
FX Products and Derivatives
Currency Amount Description Trade Date Dealt Rate Market Rate Unrealised P/L % of
Order ID 12 Expiration Date Dealt Value Net Present Value GA
Settlement Account 13 Period 14
Spot Price 15
FX Products and Derivatives
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Evaluation • Detailed positions • Further evaluation • Additional information
FX Options
Currency (1) Expiry Time (9)
The lead currency of the option in ISO code. Expiry time of the option with AM/PM information.
The ISO code is the international standard describing three
letter codes to define the name of currencies (also known Dealt Rate (10)
as currency codes). Traded price of the option position.
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Short form headings
1 Currency 2 Amount Description 3 Strike Price 4 Trade Date Expiry Date 8 Dealt Rate 10 Valuation 12 % of 13
5 Spot Price Settlement Date 7 Expiry Time 9 Market Rate 11 GA
Premium 6
FX Options
EUR -500,000 EUROPEAN OPTION 0.792500 19.12.2008 0.017049 -12,218 -1.96
GBP(P)/EUR(C)19DEC08/ 0.027354
0.7925 EUR -8,524.56
Currency Amount Description Strike Price Trade Date Dealt Rate Market Rate Valuation % of
Order ID 14 Spot Price Settlement Date GA
Settlement Account 15 Option Type 17 Expiry Date
Barrier Type/Level 16 Premium Expiry Time
FX Options
GBP -250,000 EUROPEAN OPTION 2.011500 0.019500 0.000060 -15 0.00
CAD(P)/GBP(C)13NOV08/
2.0115 13.11.2008
GBP -4,875.00
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Evaluation • Detailed positions • Further evaluation • Additional information
22
Short form headings
Bonds
EUR 310,000 GERMANY (FED REP) 3.75% 13.03.09 FED TSY 99.7780% 100.3300% 13.65% 277,844 4.52
NOTE 244,475 10,385 3.74% 8,877 0.14
CHF 340,000 SWISS CONFEDERATIO 3.25% 11.02.09 (CHF) 101.0570% 100.1400% 19.81% 205,086 3.34
171,183 6,656 3.25% 6,249 0.10
GBP 190,000 TREASURY 4% 07.03.09 100.0800% 100.3900% 0.31% 190,741 3.10
190,152 7,600 3.98% 2,790 0.05
USD 1,250,000 US TREASURY NOTES 3.375% 15.09.09 SER M- 101.8320% 101.8000% 21.01% 857,850 13.96
2009 708,920 28,440 3.32% 9,817 0.16
BRL 250,000 BRAZIL 12.5% 05.01.16 INT IN USD 53.7212% 102.6411% 8.30% 74,228 1.21
68,539 9,040 12.18% 352 0.01
Subtotal Bonds 1,605,748 26.12
28,084 0.46
Number/Amount Description Sector 12 Cost Price Market Price Market Gains 18 Market Value % of
13 Rating Exchange Rate 15 Exchange Rate Exchange Gains 19 Accrued Interest GA
Duration 14 Cost Value Profit/Loss Gross Est.
Yield Last Purchase Date 16 Mkt. Price Date 17 Annual Inc.
Bond Investments
Bonds
Euro
EUR 310,000 3.75% GERMANY (FEDERAL UCL 99.7780% 100.3300% 0.55% 277,844 4.52
REPUBLIC) 3.75% 2007- S&P AAA 0.790384 0.893324 13.02% 8,877 0.14
13.03.2009 FED TSY NTE (EUR) 0.14 244,475 13.65% 10,385
Security ID: DE0001137172 3.74%DY 18.09.2008 31.12.2008
1.43%Y
Subtotal Euro 277,844 4.52
8,877 0.14
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Evaluation • Detailed positions • Further evaluation • Additional information
Description (2)
The description of the liability.
24
By Investment Category Valued in GBP
Contingent Liabilities
EUR -15,000 UBS Charge Card: Liability -13,364
USD -15,000 UBS Charge Card: Liability -10,522
Subtotal Contingent Liabilities -23,887
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Evaluation • Detailed positions • Further evaluation • Additional information
Liabilities
Amount (1)
The amount and the currency of the liability.
Description (2)
The description of the liability.
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1 Amount 2 Description 3 Start Date 4 Maturity Date 5 Exchange Rate 6 Interest Rate Market Value 7
Accrued Interest 8
Liabilities
KWD -350,000 MoneyMarket: Fixed Loan: Placement 17.06.2008 17.06.2009 3.502627 4.250% -1,225,919
(Loan)
Trade No.: 114997 0
Total Liabilities -1,225,919
Total Accrued Interest Liabilities 0
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Evaluation • Detailed positions • Further evaluation • Additional information
Exchange (5)
The stock exchange that the asset was traded on.
28
Transaction Pending Settlement Portfolio Number
Statement of Assets as of 31 December 2008
Produced on 20 January 2009
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Evaluation • Detailed positions • Further evaluation • Additional information
Transaction List
The Transaction List details all Securities Transactions, Number/Amount (8) Stamp Duty & Fees (16)
Contract Transactions and Foreign Exchange The quantity or value of the asset traded. Total of Stamp Duty and PTM Levy or Market Fees.
Transactions within one page.
Tax at Source (9) Sale Price (17)
Any transactions shown within the Transaction List will have
their holdings reflected within the detailed positions page Any tax that has been deducted in relation to a transaction. The price attained on the sale of an asset. This is shown
and also any cash element within your cash account. This is not populated in the UK client reports. exclusive of any commission/fees.
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Transaction List 01.10.2008 - 20.10.2008 Portfolio Number
Statement of Assets as of 20 October 2008
Produced on 30 January 2009
1 Transaction/ Transaction Type 4 8 Number/Amount Description 12 13 Cost Price 17 Sale Price 19 Market Gains Transaction Net Value 22
Value Date 2 Account 5 9 Tax at Source 14 Exchange Rate 18 Exchange Rate Exchange Gains 20 Accrued Inte
rest 23
3 Traded Time Order Type 6 Brokerage Fee 10 15 Cost Value 21 Profit/Loss
Exchange 7 11 UBS WM Commission 16 Stamp Duty & Fees
01.10.2008 SALE 650.000 GAZPROM OAO ADR REPR 4 ORD USD 60.2361 69.0000 14.55% -25,333.97
06.10.2008 SHS REG-S 1.958430 1.770350 10.62%
10:00 BST Market Order USD Transaction No.: 5460443 19,992 26.72%
LONDON STOCK USD Security id.: US3682872078 USD
EXCH.
01.10.2008 SALE 4,700.000 ISHARES INC SHS MSCI BRASIL (FREE) USD 85.6657 15.0000 -82.49% -5,126.83
06.10.2008 IDX 1.966504 1.770349 11.08%
10:00 BST Market Order HKD Transaction No.: 5460444 204,743 -80.55%
NYSE GROUP INC- HKD Security id.: US4642864007 HKD
ARCA
01.10.2008 SALE 8,910.000 KRAFT FOODS INC COM STK 'A' USD 30.2479 99.0000 227.30% -498,253.61
06.10.2008 Transaction No.: 5460445 1.919020 1.770350 8.40%
10:00 BST Market Order USD 1.78 Security id.: US50075N1046 140,441 254.78%
NYSE GROUP INC USD USD 4.94
01.10.2008 SALE 4.000 LINDT & SPRUENGLI CHF100 REGD CHF 31,608.3150 1.5900 -99.99% -3.21
06.10.2008 SHS 2.407100 1.981308 21.49%
10:00 BST Market Order CHF Transaction No.: 5460449 52,525 -99.99%
SWISS EXCHANGE CHF Security id.: CH0010570759 CHF
01.10.2008 SALE 25.000 OPUS CREDIT FUND CLASS A1 SHS USD 123.0000 1,000.0000 713.01% -14,121.50
06.10.2008 (USD) 1.971129 1.770350 11.34%
10:00 BST Market Order USD Transaction No.: 5460448 1,560 805.21%
IRISH STOCK USD Security id.: KYG676671327 USD
EXCHANGE
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Evaluation • Detailed positions • Further evaluation • Additional information
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Unsettled Executed Orders as at 31.12.2008 Portfolio Number
Statement of Assets as of 31 December 2008
UBS AG, produced on 10 February 2009
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Evaluation • Detailed positions • Further evaluation • Additional information
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Private Equity Summary Portfolio Number
Statement of Assets as of 31 December 2008
Produced on 20 January 2009
Valued in GBP
1 Capital Called - 3 Description 4 Date of Last Valuation Remaining Commitment - Distribution - Market Value (1) 11 Market Value 14 % of 17
As of Last Valuation 5 Date of Last Capital Call As of Last Valuation 7 As of Last Valuation 9 Exchange Rate 12 Capital Called (3) 15 GA
2 Since Last Valuation 6 Date of Last Distribution Since Last Valuation 8 Since Last Valuation 10 Distributions (4) 16
Subtotal Subtotal Subtotal Multiple (2) 13 Subtotal
USD 86,920 STRIPE XXX LP II 30.09.2008 USD 313,080 USD 9,600 USD 90,751 61,179
USD 20,000 Total Commitment 30.10.2008 USD -20,000 1.483360 13,483
USD 400,000 15.10.2008 USD 926 -624
USD 106,920 USD 293,080 USD 10,526 1.1545 74,038 1.21
1 - Market value is the value of the remaining investments as at last valuation date in Asset Currency. This does not refer to capital contributed since last valuation, the remaining commitment
or any distributions made by the fund.
2 - Multiple = (Distribution as of last valuation + Market Value as of Last Valuation) / Capital Called as of Last Valuation
3 - Capital contributed since last valuation date in valuation currency.
4 - Distributions since last valuation date in valuation currency.
5 - Total private equity estimated asset value relates to the market value at date of last valuation in valuation currency plus any capital contributed since last valuation minus any distributions
since last valuation.
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Foreign Exchange Rates, Abbreviations and Explanations Portfolio Number
Statement of Assets as of 31 January 2009
Important Information Portfolio Number
Statement of Assets as of 31 January 2009
UBS AG, produced on 26 February 2009 UBS AG, produced on 26 February 2009
DY Direct Yield GA Gross Assets TY Theoretical Yield Maturity Portfolio Related Items
Y Yield to End Maturity YE Yield to Earliest Maturity YP Yield on Single Premium
IM IM Commission refers to the commission charged
by your Investment Manager on your transactions, GBP Current Account
and not a UBS Commission
Disclaimer
Asset Allocation
This document is provided for your information only. No Forward Exchange rates are oen used to hedge currency risk Securities are deposited with us or held in our name for your
Asset Allocation: Asset classes are to be categorised as Alternative Investments: Vehicles where risks and performance Others: Category used for Funds or Structured Products with representation or warranty of any kind, express or implied is made back to reference currency. Open Profit and Loss on forward account and at your risk by the depository.
follows: are based on investment skills and expertise rather than the mixed exposure (i.e. asset allocation funds), as well as for as to its accuracy or completeness. It is prepared for your positions is shown separately within the summary. Assets are
exposure to a specific market segment. Investments in Hedge instruments which do not belong to one of the other asset convenience and may not fully reflect all transactions that have valued at prevailing spot rates which should show an offsetting Cost Values are calculated based on historic transactions. In
Liquidity: Instruments with main exposure in money markets and Funds & Private Equity generally have low correlation to traditional classes. been carried out on your account to date. It does not constitute though not equal portfolio impact to that of the forward where certain cases the market price as at the date when the security is
foreign exchange markets, for example cash or term deposits, asset classes, such as equities or bonds. an account, portfolio transaction or performance statement. used as a hedge. received will be used as the cost price. Deviations from the actual
short term bonds and currency certificates/derivatives. cost price are therefore possible. In a consolidated valuation, the
Real Estate: Investments with direct exposure to the property Accordingly, you should rely on your regular statement(s) and not For collective investment scheme subscriptions, UBS will debit your cost value is a conversion of portfolio reference currency to
Bonds: Instruments with main exposure in fixed income markets, market, for example direct ownership in real estate, investments on this summary. In the event of any discrepancies between your account with the amount indicated in the subscription agreement. reporting currency at current valuation exchange rate.
for example interest rate and issuer risks. This includes convertible in unlisted/private real estate securities or pure real estate funds summary and your regular statement(s), the latter shall prevail. Prior to acceptance by the scheme of the subscription made on
bonds. with holdings predominantly in direct real estate. your behalf, the valuation of your beneficial holding in the scheme Where provided, benchmark data is sourced from RIMES
Investments are valued using available price sources and lack of is indicative only and is not confirmation by UBS of acceptance of Technologies Corporation.
Equities: Investments where the stock market is the main risk Precious Metals and Commodities: Investments with risk valuation indicates that no price was available at the time this any subscriptions of any collective investment scheme either
driver, for example exposure to corporate or sector risks. Includes exposure to the precious metals or commodities markets, for summary was prepared. Prices, rates, valuations and performance whole or in part. When confirmation is received an adjustment The above information is provided for information purpose only
listed stocks from energy / commodity & real estate sectors. example markets where raw materials of uniform quality are are to be regarded as approximate and indicative only and may will be made to your holding to reflect that confirmation and such and without any obligation, whether contractual or otherwise and
traded. This also includes agricultural and mining products, as well not be the price that at which assets are available to be bought or adjustment will be shown in your next valuation statement. is not binding on UBS. No warranty or representation is made as
as energy sources (traded on commodity exchanges). sold in the relevant market, nor correspond to official rates and to the correctness, completeness and accuracy of the information
values, nor necessarily reflect your true exposure of performance. Where you have requested not to receive individual security given, which might be derived from independent sources. UBS
transaction confirmation notices all relevant information in respect expressly disclaims any liability whatsoever for any loss or damage
Maturities and Pro Memoria The market value of your portfolio and underlying investments are of each transaction is detailed within the Transaction List of this of any kind arising out of the use of this valuation statement and
shown within this document rounded to the nearest whole summary. for the actions of third parties with respect thereto.
Expected Maturities and Income/Expenses: Maturity Income distributions from investment funds are similarly Pro Memoria: Mortgages, contingent liabilities, unvalued number.
repayments and income/expenses from money market included. custody account positions. Please check this statement of assets and inform UBS of any
investments and bonds are shown. Known dividend discrepancies within four weeks.
payments on shares are also shown.
Sincerely
UBS AG
Please verify this document and inform us should you disagree. D Additional Information Page 11 of 12 Please verify this document and inform us should you disagree. D Additional Information Page 12 of 12
Authorised and regulated by the Financial Services Authority. A member of the London Stock Exchange. Authorised and regulated by the Financial Services Authority. A member of the London Stock Exchange.
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Disclaimer
The information contained in this guide is for information and illustration
purposes only, and is given without any obligation, whether contractual or
otherwise, and is not binding on UBS. No representation or warranty of any kind,
express or implied is made as to its accuracy or completeness.
No warranty or representation is made as to the correctness, completeness and
accuracy of the information given, which may be derived from independent
sources. UBS expressly disclaims any liability whatsoever for any loss or damage
of any kind arising out of the use of this user guide and for the actions of third
parties with respect thereto.