PAGE 1
                                                                                                      DATE 11/JUL/2001
                                                                                                     Account
                         US DOLLARS

 
--------------------------------------------------------------------------------------------------------------------------------
Trade  Reference  Bgt Sold   Delivery  Instrument              Trade  Strike/  Premium    Decl.     Commission        Debit/
  Date    Number    -lots-      Date                             Type   Price              Date                        Credit

                                                                                  Balance brought forward             1,110.00CR
----------------------------------------------------------------------------------------------------------------------
Trade   Ref       Lots      Delivery    Instrument               Trade     Strike/   Premium  Decl.   Comm.    Debit/
Date    No.    Bot   Sld    Date                                 Type      Price              Date             Credit
----------------------------------------------------------------------------------------------------------------------

                                           TRADE CONFIRMS

11JUL01  DZ15     1          SEP 01    CME E-MINI NASDAQ 100                1638.00                   -12.53
11JUL01  EC69     1          SEP 01    CME E-MINI NASDAQ 100                1648.50                   -12.53
11JUL01  DY98           1    SEP 01    CME E-MINI NASDAQ 100                1645.50                   -12.53
11JUL01  G850           1    SEP 01    CME E-MINI NASDAQ 100                1646.00                   -12.53

                                              DAILY POSTINGS
---------------------------------------------------------------------------------------------------------------------
   Trade   Bought    Sold  Delivery  Description            Option    Price               Commission          Credit/
   Date    -----lots-----                                    Type                                             Debit
---------------------------------------------------------------------------------------------------------------------
                                                                                   Balance B/fwd           1,110.00CR

10JUL01                1   SEP 01   CME E-MINI NASDAQ 100          1721.50
10JUL01        1           SEP 01   CME E-MINI NASDAQ 100          1712.00
10JUL01                1   SEP 01   CME E-MINI NASDAQ 100          1718.00
10JUL01        1           SEP 01   CME E-MINI NASDAQ 100          1712.00
10JUL01                1   SEP 01   CME E-MINI NASDAQ 100          1691.50
10JUL01        1           SEP 01   CME E-MINI NASDAQ 100          1686.00
10JUL01        1           SEP 01   CME E-MINI NASDAQ 100          1663.50
10JUL01                1   SEP 01   CME E-MINI NASDAQ 100          1656.00
10JUL01        1           SEP 01   CME E-MINI NASDAQ 100          1655.50
10JUL01                1   SEP 01   CME E-MINI NASDAQ 100          1659.00
10JUL01                1   SEP 01   CME E-MINI NASDAQ 100          1660.00
10JUL01        1           SEP 01   CME E-MINI NASDAQ 100          1657.50
                6       6   Settlement Number 642123    Profit/Loss          390.00CR         0.00           390.00CR

 
                                                                                   Balance C/fwd           1,500.00CR

                                                                                  Balance Carried Forward             1,500.00CR
 


                                                                                                    PAGE 2
                                                                                                     DATE 11/JUL/2001
                                                                                                    Account
 
                                               US DOLLARS

 
--------------------------------------------------------------------------------------------------------------------------------
Trade  Reference  Bgt Sold   Delivery  Instrument              Trade  Strike/  Premium    Decl.     Commission        Debit/
  Date    Number    -lots-      Date                             Type   Price              Date                        Credit
 

                                      OPEN POSITIONS
---------------------------------------------------------------------------------------------------------------------
Trade    Ref.     Bgt   Sold    Delivery  Instrument                 Trade  Strike/  Premium   Decl.           Debit/
Date     No.         Lots       Date                                 Type   Price              Date            Credit
---------------------------------------------------------------------------------------------------------------------

11JUL01  DZ15       1           SEP 01    CME E-MINI NASDAQ 100              1638.00
11JUL01  DY98              1    SEP 01    CME E-MINI NASDAQ 100              1645.50
11JUL01  G850              1    SEP 01    CME E-MINI NASDAQ 100              1646.00
11JUL01  EC69       1           SEP 01    CME E-MINI NASDAQ 100              1648.50
TOTAL LOTS                                  FUTURES MARGIN (MARKET PRICE     1660.00)                        100.00CR
 


                                                                                                                PAGE 3
                                                                                                                DATE 11/JUL/2001
                                                                                                               Account
     
                                               EURO

 
--------------------------------------------------------------------------------------------------------------------------------
Trade  Reference  Bgt Sold   Delivery  Instrument              Trade  Strike/  Premium    Decl.     Commission        Debit/
  Date    Number    -lots-      Date                             Type   Price              Date                        Credit

                                                                                  Balance brought forward            10,539.10DR
----------------------------------------------------------------------------------------------------------------------
Trade   Ref       Lots      Delivery    Instrument               Trade     Strike/   Premium  Decl.   Comm.    Debit/
Date    No.    Bot   Sld    Date                                 Type      Price              Date             Credit
----------------------------------------------------------------------------------------------------------------------

                                           TRADE CONFIRMS

11JUL01  DM64     4          JUL 01    MATIF CAC 40 (10 EURO)               4930.00                   -50.00
11JUL01  DM61           1    JUL 01    MATIF CAC 40 (10 EURO)               4916.00                   -12.50
11JUL01  DM62           1    JUL 01    MATIF CAC 40 (10 EURO)               4930.50                   -12.50
11JUL01  DM63           1    JUL 01    MATIF CAC 40 (10 EURO)               4930.50                   -12.50
11JUL01  DL28           1    JUL 01    MATIF CAC 40 (10 EURO)               4979.00                   -12.50
11JUL01  DM65           1    SEP 01    MATIF CAC 40 (10 EURO)               4965.00                   -12.50

                                           TRADE CONFIRMS

11JUL01  0370     1          SEP 01    EUREX DAX 30 INDEX EURO              5798.50                   -12.50
11JUL01  0386     1          SEP 01    EUREX DAX 30 INDEX EURO              5801.00                   -12.50
11JUL01  0414     1          SEP 01    EUREX DAX 30 INDEX EURO              5801.00                   -12.50
11JUL01  0464     1          SEP 01    EUREX DAX 30 INDEX EURO              5817.50                   -12.50
11JUL01  0365     1          SEP 01    EUREX DAX 30 INDEX EURO              5821.00                   -12.50
11JUL01  0304     1          SEP 01    EUREX DAX 30 INDEX EURO              5828.50                   -12.50
11JUL01  5657           1    SEP 01    EUREX DAX 30 INDEX EURO              5792.00                   -12.50
11JUL01  0295           1    SEP 01    EUREX DAX 30 INDEX EURO              5798.00                   -12.50
11JUL01  0415           1    SEP 01    EUREX DAX 30 INDEX EURO              5808.00                   -12.50
11JUL01  0371           1    SEP 01    EUREX DAX 30 INDEX EURO              5808.50                   -12.50
11JUL01  0409           1    SEP 01    EUREX DAX 30 INDEX EURO              5812.00                   -12.50
11JUL01  0350           1    SEP 01    EUREX DAX 30 INDEX EURO              5827.00                   -12.50

                                           TRADE CONFIRMS

11JUL01  D689     1          SEP 01    ITALIAN MIB 30 INDEX                   36540                   -12.50
11JUL01  DD26           1    SEP 01    ITALIAN MIB 30 INDEX                   36530                   -12.50
11JUL01  DD29     1          DEC 01    ITALIAN MIB 30 INDEX                   37020                   -12.50
11JUL01  D736           1    DEC 01    ITALIAN MIB 30 INDEX                   37085                   -12.50
 



 

                                                                                                                               PAGE 4
                                                                                                                               DATE 11/JUL/2001
                                                                                                                               Account
        
                                               EURO

 
--------------------------------------------------------------------------------------------------------------------------------
Trade  Reference  Bgt Sold   Delivery  Instrument              Trade  Strike/  Premium    Decl.     Commission        Debit/
  Date    Number    -lots-      Date                             Type   Price              Date                        Credit
 

                                              DAILY POSTINGS
---------------------------------------------------------------------------------------------------------------------
   Trade   Bought    Sold  Delivery  Description            Option    Price               Commission          Credit/
   Date    -----lots-----                                    Type                                             Debit
---------------------------------------------------------------------------------------------------------------------
                                                                                   Balance B/fwd          10,539.10DR

11JUL01                             FCE Commission                             MATIF CAC 40 (10 EURO)
                            Settlement Number 000000    Profit/Loss              0.00     100.00DR           100.00DR

11JUL01                             FCE Commission                             MATIF CAC 40 (10 EURO)
                            Settlement Number 000000    Profit/Loss              0.00      12.50DR            12.50DR

11JUL01                             EFDX Commission                            EUREX DAX 30 INDEX EURO
                            Settlement Number 000000    Profit/Loss              0.00     150.00DR           150.00DR

11JUL01                             FFI3 Commission                            ITALIAN MIB 30 INDEX
                            Settlement Number 000000    Profit/Loss              0.00      25.00DR            25.00DR

11JUL01                             FFI3 Commission                            ITALIAN MIB 30 INDEX
                            Settlement Number 000000    Profit/Loss              0.00      25.00DR            25.00DR

11JUL01                             CNQ Commission                             CME E-MINI NASDAQ 100
                            Settlement Number 000000    Profit/Loss              0.00      50.12DR            50.12DR

06JUL01                1   JUL 01   MATIF CAC 40 (10 EURO)         5043.00
10JUL01                1   JUL 01   MATIF CAC 40 (10 EURO)         5066.00
10JUL01        1           JUL 01   MATIF CAC 40 (10 EURO)         5048.50
10JUL01        1           JUL 01   MATIF CAC 40 (10 EURO)         5073.00
10JUL01                1   JUL 01   MATIF CAC 40 (10 EURO)         5039.50
10JUL01                1   JUL 01   MATIF CAC 40 (10 EURO)         5057.00
10JUL01        1           JUL 01   MATIF CAC 40 (10 EURO)         5048.00
 



 

                                                                                                                    PAGE 5
                                                                                                                    DATE 11/JUL/2001
                                                                                                                    Account
   
                                               EURO

 
--------------------------------------------------------------------------------------------------------------------------------
Trade  Reference  Bgt Sold   Delivery  Instrument              Trade  Strike/  Premium    Decl.     Commission        Debit/
  Date    Number    -lots-      Date                             Type   Price              Date                        Credit

---------------------------------------------------------------------------------------------------------------------
   Trade   Bought    Sold  Delivery  Description            Option    Price               Commission          Credit/
   Date    -----lots-----                                    Type                                             Debit
---------------------------------------------------------------------------------------------------------------------
10JUL01                1   JUL 01   MATIF CAC 40 (10 EURO)         4981.00
10JUL01        1           JUL 01   MATIF CAC 40 (10 EURO)         4998.00
10JUL01                1   JUL 01   MATIF CAC 40 (10 EURO)         5046.00
10JUL01        1           JUL 01   MATIF CAC 40 (10 EURO)         4978.00
10JUL01        1           JUL 01   MATIF CAC 40 (10 EURO)         5032.00
                6       6   Settlement Number 642124    Profit/Loss          550.00CR         0.00           550.00CR

10JUL01                1   SEP 01   MATIF CAC 40 (10 EURO)         5108.00
10JUL01        1           SEP 01   MATIF CAC 40 (10 EURO)         5089.00
                1       1   Settlement Number 642125    Profit/Loss          190.00CR         0.00           190.00CR

10JUL01        1           SEP 01   ITALIAN MIB 30 INDEX             37210
10JUL01                1   SEP 01   ITALIAN MIB 30 INDEX             37265
10JUL01        1           SEP 01   ITALIAN MIB 30 INDEX             37275
10JUL01                1   SEP 01   ITALIAN MIB 30 INDEX             37300
10JUL01                1   SEP 01   ITALIAN MIB 30 INDEX             37360
10JUL01        1           SEP 01   ITALIAN MIB 30 INDEX             37355
                3       3   Settlement Number 642126    Profit/Loss          425.00CR         0.00           425.00CR

 
                                                                                   Balance C/fwd           9,736.72DR

                                                                                  Balance Carried Forward             9,736.72DR
 



 

                                      OPEN POSITIONS
---------------------------------------------------------------------------------------------------------------------
Trade    Ref.     Bgt   Sold    Delivery  Instrument                 Trade  Strike/  Premium   Decl.           Debit/
Date     No.         Lots       Date                                 Type   Price              Date            Credit
---------------------------------------------------------------------------------------------------------------------

11JUL01  DM61              1    JUL 01    MATIF CAC 40 (10 EURO)             4916.00
11JUL01  DM64       4           JUL 01    MATIF CAC 40 (10 EURO)             4930.00
11JUL01  DM62              1    JUL 01    MATIF CAC 40 (10 EURO)             4930.50
 



 

                                                                                                                      PAGE 6
                                                                                                                      DATE 11/JUL/2001
                                                                                                                      Account
  
                                               EURO

 
--------------------------------------------------------------------------------------------------------------------------------
Trade  Reference  Bgt Sold   Delivery  Instrument              Trade  Strike/  Premium    Decl.     Commission        Debit/
  Date    Number    -lots-      Date                             Type   Price              Date                        Credit
 

                                      OPEN POSITIONS
---------------------------------------------------------------------------------------------------------------------
Trade    Ref.     Bgt   Sold    Delivery  Instrument                 Trade  Strike/  Premium   Decl.           Debit/
Date     No.         Lots       Date                                 Type   Price              Date            Credit
---------------------------------------------------------------------------------------------------------------------
11JUL01  DM63              1    JUL 01    MATIF CAC 40 (10 EURO)             4930.50
11JUL01  DL28              1    JUL 01    MATIF CAC 40 (10 EURO)             4979.00
TOTAL LOTS                                  FUTURES MARGIN (MARKET PRICE     4924.00)                        360.00CR

11JUL01  DM65              1    SEP 01    MATIF CAC 40 (10 EURO)             4965.00
06JUL01  C359       1           SEP 01    MATIF CAC 40 (10 EURO)             5103.00
TOTAL LOTS                                  FUTURES MARGIN (MARKET PRICE     4960.00)                      1,380.00DR

11JUL01  5657              1    SEP 01    EUREX DAX 30 INDEX EURO            5792.00
11JUL01  0295              1    SEP 01    EUREX DAX 30 INDEX EURO            5798.00
11JUL01  0370       1           SEP 01    EUREX DAX 30 INDEX EURO            5798.50
11JUL01  0386       1           SEP 01    EUREX DAX 30 INDEX EURO            5801.00
11JUL01  0414       1           SEP 01    EUREX DAX 30 INDEX EURO            5801.00
11JUL01  0415              1    SEP 01    EUREX DAX 30 INDEX EURO            5808.00
11JUL01  0371              1    SEP 01    EUREX DAX 30 INDEX EURO            5808.50
11JUL01  0409              1    SEP 01    EUREX DAX 30 INDEX EURO            5812.00
11JUL01  0464       1           SEP 01    EUREX DAX 30 INDEX EURO            5817.50
11JUL01  0365       1           SEP 01    EUREX DAX 30 INDEX EURO            5821.00
11JUL01  0350              1    SEP 01    EUREX DAX 30 INDEX EURO            5827.00
11JUL01  0304       1           SEP 01    EUREX DAX 30 INDEX EURO            5828.50
TOTAL LOTS                                  FUTURES MARGIN (MARKET PRICE     5850.50)                        550.00DR

11JUL01  DD26              1    SEP 01    ITALIAN MIB 30 INDEX                 36530
11JUL01  D689       1           SEP 01    ITALIAN MIB 30 INDEX                 36540
TOTAL LOTS                                  FUTURES MARGIN (MARKET PRICE       36545)                         50.00DR

11JUL01  DD29       1           DEC 01    ITALIAN MIB 30 INDEX                 37020
11JUL01  D736              1    DEC 01    ITALIAN MIB 30 INDEX                 37085
TOTAL LOTS                                  FUTURES MARGIN (MARKET PRICE       36920)                        325.00CR
 



 

                                                                                                                                                     PAGE 7
                                                                                                                                                   DATE 11/JUL/2001
                                                                                                                                                    Account
    
                                               EURO

 
--------------------------------------------------------------------------------------------------------------------------------
Trade  Reference  Bgt Sold   Delivery  Instrument              Trade  Strike/  Premium    Decl.     Commission        Debit/
  Date    Number    -lots-      Date                             Type   Price              Date                        Credit
 
 



 

                                                                                                                           PAGE 8
                                                                                                                           DATE 11/JUL/2001
                                                                                                                           Account
 
                                               ITALIAN LIRA

 
--------------------------------------------------------------------------------------------------------------------------------
Trade  Reference  Bgt Sold   Delivery  Instrument              Trade  Strike/  Premium    Decl.     Commission        Debit/
  Date    Number    -lots-      Date                             Type   Price              Date                        Credit

                                                                                  Balance brought forward           25,000,000CR

                                                                                  Balance Carried Forward           25,000,000CR

------------------------------------------------------------------------------------------
A C C O U N T   S U M M A R Y
------------------------------------------------------------------------------------------
                                       USD                   EUR                   ITL
SPOT RATE                                1              0.859200            2,253.5731
 
CASH BALANCE                      1,500.00             -9,736.72            25,000,000
FUTURES VN                          100.00             -1,295.00                     0
TRADED OPTION VN                      0.00                  0.00                     0
FORWARD OPTION VALUE                  0.00                  0.00                     0
FOREX VN                              0.00                  0.00                     0
FORWARD LME                           0.00                  0.00                     0
OPEN TRADE EQUITY                 1,600.00            -11,031.72            25,000,000
HCUT PHY VALUE                        0.00                  0.00                     0
INITIAL MARGIN (DR)                   0.00                  0.00                     0
MARGIN EXCESS/DEFICIT             1,600.00            -11,031.72            25,000,000
 
 
                             BASE CURR USD
SPOT RATE                                1
 
CASH BALANCE                      4,227.70
FUTURES VN                       -1,012.66
TRADED OPTION VN                      0.00
FORWARD OPTION VALUE                  0.00
FOREX VN                              0.00
FORWARD LME                           0.00
OPEN TRADE EQUITY                 3,215.04
HCUT PHY VALUE                        0.00
INITIAL MARGIN (DR)                   0.00
MARGIN EXCESS/DEFICIT             3,215.04
 
 


                                                                                                   PAGE 1
                                                                                                   DATE 10/JUL/2001
                                                                                                  Account

                                               US DOLLARS
 

--------------------------------------------------------------------------------------------------------------------------------
Trade  Reference  Bgt Sold   Delivery  Instrument              Trade  Strike/  Premium    Decl.     Commission        Debit/
  Date    Number    -lots-      Date                             Type   Price              Date                        Credit

                                                                                  Balance brought forward             1,190.00CR
----------------------------------------------------------------------------------------------------------------------
Trade   Ref       Lots      Delivery    Instrument               Trade     Strike/   Premium  Decl.   Comm.    Debit/
Date    No.    Bot   Sld    Date                                 Type      Price              Date             Credit
----------------------------------------------------------------------------------------------------------------------

                                           TRADE CONFIRMS

10JUL01  C070     1          SEP 01    CME E-MINI NASDAQ 100                1655.50                   -12.53
10JUL01  C533     1          SEP 01    CME E-MINI NASDAQ 100                1657.50                   -12.53
10JUL01  C059     1          SEP 01    CME E-MINI NASDAQ 100                1663.50                   -12.53
10JUL01  BP10     1          SEP 01    CME E-MINI NASDAQ 100                1686.00                   -12.53
10JUL01  6275     1          SEP 01    CME E-MINI NASDAQ 100                1712.00                   -12.53
10JUL01  7004     1          SEP 01    CME E-MINI NASDAQ 100                1712.00                   -12.53
10JUL01  C063           1    SEP 01    CME E-MINI NASDAQ 100                1656.00                   -12.53
10JUL01  C074           1    SEP 01    CME E-MINI NASDAQ 100                1659.00                   -12.53
10JUL01  C530           1    SEP 01    CME E-MINI NASDAQ 100                1660.00                   -12.53
10JUL01  BP05           1    SEP 01    CME E-MINI NASDAQ 100                1691.50                   -12.53
10JUL01  6995           1    SEP 01    CME E-MINI NASDAQ 100                1718.00                   -12.53
10JUL01  5790           1    SEP 01    CME E-MINI NASDAQ 100                1721.50                   -12.53

                                              DAILY POSTINGS
---------------------------------------------------------------------------------------------------------------------
   Trade   Bought    Sold  Delivery  Description            Option    Price               Commission          Credit/
   Date    -----lots-----                                    Type                                             Debit
---------------------------------------------------------------------------------------------------------------------
                                                                                   Balance B/fwd           1,190.00CR

09JUL01        1           SEP 01   CME E-MINI NASDAQ 100          1698.00
09JUL01                1   SEP 01   CME E-MINI NASDAQ 100          1694.00
                1       1   Settlement Number 639035    Profit/Loss           80.00DR         0.00            80.00DR
 

                                                                                   Balance C/fwd           1,110.00CR

                                                                                  Balance Carried Forward             1,110.00CR
 


                                                                                        PAGE 2
                                                                                        DATE 10/JUL/2001
                                                                                       Account

                                               US DOLLARS
 

--------------------------------------------------------------------------------------------------------------------------------
Trade  Reference  Bgt Sold   Delivery  Instrument              Trade  Strike/  Premium    Decl.     Commission        Debit/
  Date    Number    -lots-      Date                             Type   Price              Date                        Credit
 

                                      OPEN POSITIONS
---------------------------------------------------------------------------------------------------------------------
Trade    Ref.     Bgt   Sold    Delivery  Instrument                 Trade  Strike/  Premium   Decl.           Debit/
Date     No.         Lots       Date                                 Type   Price              Date            Credit
---------------------------------------------------------------------------------------------------------------------

10JUL01  C070       1           SEP 01    CME E-MINI NASDAQ 100              1655.50
10JUL01  C063              1    SEP 01    CME E-MINI NASDAQ 100              1656.00
10JUL01  C533       1           SEP 01    CME E-MINI NASDAQ 100              1657.50
10JUL01  C074              1    SEP 01    CME E-MINI NASDAQ 100              1659.00
10JUL01  C530              1    SEP 01    CME E-MINI NASDAQ 100              1660.00
10JUL01  C059       1           SEP 01    CME E-MINI NASDAQ 100              1663.50
10JUL01  BP10       1           SEP 01    CME E-MINI NASDAQ 100              1686.00
10JUL01  BP05              1    SEP 01    CME E-MINI NASDAQ 100              1691.50
10JUL01  6275       1           SEP 01    CME E-MINI NASDAQ 100              1712.00
10JUL01  7004       1           SEP 01    CME E-MINI NASDAQ 100              1712.00
10JUL01  6995              1    SEP 01    CME E-MINI NASDAQ 100              1718.00
10JUL01  5790              1    SEP 01    CME E-MINI NASDAQ 100              1721.50
TOTAL LOTS                                  FUTURES MARGIN (MARKET PRICE     1638.00)                        390.00CR


                                                                                                            PAGE 3
                                                                                                            DATE 10/JUL/2001
                                                                                                            Account
 

                                               US DOLLARS
 

--------------------------------------------------------------------------------------------------------------------------------
Trade  Reference  Bgt Sold   Delivery  Instrument              Trade  Strike/  Premium    Decl.     Commission        Debit/
  Date    Number    -lots-      Date                             Type   Price              Date                        Credit
 
 



 
 

                                                                                                                                 PAGE 4
                                                                                                                                 DATE 10/JUL/2001
                                                                                                                                 Account

                                               EURO
 

--------------------------------------------------------------------------------------------------------------------------------
Trade  Reference  Bgt Sold   Delivery  Instrument              Trade  Strike/  Premium    Decl.     Commission        Debit/
  Date    Number    -lots-      Date                             Type   Price              Date                        Credit

                                                                                  Balance brought forward            10,691.24DR
----------------------------------------------------------------------------------------------------------------------
Trade   Ref       Lots      Delivery    Instrument               Trade     Strike/   Premium  Decl.   Comm.    Debit/
Date    No.    Bot   Sld    Date                                 Type      Price              Date             Credit
----------------------------------------------------------------------------------------------------------------------

                                           TRADE CONFIRMS

10JUL01  BT63     1          JUL 01    MATIF CAC 40 (10 EURO)               4978.00                   -12.50
10JUL01  BT20     1          JUL 01    MATIF CAC 40 (10 EURO)               4998.00                   -12.50
10JUL01  BT64     1          JUL 01    MATIF CAC 40 (10 EURO)               5032.00                   -12.50
10JUL01  BS43     1          JUL 01    MATIF CAC 40 (10 EURO)               5048.00                   -12.50
10JUL01  BS06     1          JUL 01    MATIF CAC 40 (10 EURO)               5048.50                   -12.50
10JUL01  BS08     1          JUL 01    MATIF CAC 40 (10 EURO)               5073.00                   -12.50
10JUL01  BT15           1    JUL 01    MATIF CAC 40 (10 EURO)               4981.00                   -12.50
10JUL01  BS09           1    JUL 01    MATIF CAC 40 (10 EURO)               5039.50                   -12.50
10JUL01  BT21           1    JUL 01    MATIF CAC 40 (10 EURO)               5046.00                   -12.50
10JUL01  BS19           1    JUL 01    MATIF CAC 40 (10 EURO)               5057.00                   -12.50
10JUL01  BR16           1    JUL 01    MATIF CAC 40 (10 EURO)               5066.00                   -12.50
10JUL01  BS18     1          SEP 01    MATIF CAC 40 (10 EURO)               5089.00                   -12.50
10JUL01  BS07           1    SEP 01    MATIF CAC 40 (10 EURO)               5108.00                   -12.50

                                           TRADE CONFIRMS

10JUL01  BG99     1          SEP 01    ITALIAN MIB 30 INDEX                   37210                   -12.50
10JUL01  BH16     1          SEP 01    ITALIAN MIB 30 INDEX                   37275                   -12.50
10JUL01  BH33     1          SEP 01    ITALIAN MIB 30 INDEX                   37355                   -12.50
10JUL01  BH05           1    SEP 01    ITALIAN MIB 30 INDEX                   37265                   -12.50
10JUL01  BH17           1    SEP 01    ITALIAN MIB 30 INDEX                   37300                   -12.50
10JUL01  BH18           1    SEP 01    ITALIAN MIB 30 INDEX                   37360                   -12.50

                                           TRADE CONFIRMS

10JUL01  BI18           2    JUL 01    MIB 30 INDEX OPTION        CALL    38000.00     114.00 20JUL01   -25.00     570.00CR
 



 
 

                                                                                                                                            PAGE 5
                                                                                                                                           DATE 10/JUL/2001
                                                                                                                                           Account

                                               EURO
 

--------------------------------------------------------------------------------------------------------------------------------
Trade  Reference  Bgt Sold   Delivery  Instrument              Trade  Strike/  Premium    Decl.     Commission        Debit/
  Date    Number    -lots-      Date                             Type   Price              Date                        Credit
 

                                              DAILY POSTINGS
---------------------------------------------------------------------------------------------------------------------
   Trade   Bought    Sold  Delivery  Description            Option    Price               Commission          Credit/
   Date    -----lots-----                                    Type                                             Debit
---------------------------------------------------------------------------------------------------------------------
                                                                                   Balance B/fwd          10,691.24DR

10JUL01                             FCE Commission                             MATIF CAC 40 (10 EURO)
                            Settlement Number 000000    Profit/Loss              0.00     137.50DR           137.50DR

10JUL01                             FCE Commission                             MATIF CAC 40 (10 EURO)
                            Settlement Number 000000    Profit/Loss              0.00      25.00DR            25.00DR

10JUL01                             FFI3 Commission                            ITALIAN MIB 30 INDEX
                            Settlement Number 000000    Profit/Loss              0.00      75.00DR            75.00DR

10JUL01                             OFI3 Commission                            MIB 30 INDEX OPTION
                            Settlement Number 000000    Profit/Loss              0.00      25.00DR            25.00DR

10JUL01                             CNQ Commission                             CME E-MINI NASDAQ 100
                            Settlement Number 000000    Profit/Loss              0.00     150.36DR           150.36DR

09JUL01        1           JUL 01   MATIF CAC 40 (10 EURO)         4999.00
09JUL01                1   JUL 01   MATIF CAC 40 (10 EURO)         4932.00
09JUL01                1   JUL 01   MATIF CAC 40 (10 EURO)         4941.00
09JUL01        1           JUL 01   MATIF CAC 40 (10 EURO)         5006.50
                2       2   Settlement Number 639036    Profit/Loss        1,325.00DR         0.00         1,325.00DR

09JUL01                1   SEP 01   MATIF CAC 40 (10 EURO)         5045.00
09JUL01        2           SEP 01   MATIF CAC 40 (10 EURO)         4986.50
09JUL01                1   SEP 01   MATIF CAC 40 (10 EURO)         5025.00
                2       2   Settlement Number 639037    Profit/Loss          970.00CR         0.00           970.00CR
 
 
 


                                                                                                                                  PAGE 6
                                                                                                                                DATE 10/JUL/2001
                                                                                                                                 Account

                                               EURO
 

--------------------------------------------------------------------------------------------------------------------------------
Trade  Reference  Bgt Sold   Delivery  Instrument              Trade  Strike/  Premium    Decl.     Commission        Debit/
  Date    Number    -lots-      Date                             Type   Price              Date                        Credit

---------------------------------------------------------------------------------------------------------------------
   Trade   Bought    Sold  Delivery  Description            Option    Price               Commission          Credit/
   Date    -----lots-----                                    Type                                             Debit
---------------------------------------------------------------------------------------------------------------------
09JUL01                1   SEP 01   EUREX DAX 30 INDEX EURO        5901.00
09JUL01        1           SEP 01   EUREX DAX 30 INDEX EURO        5887.00
                1       1   Settlement Number 639038    Profit/Loss          350.00CR         0.00           350.00CR

10JUL01                2   JUL01    MIB 30 INDEX OPTION     CALL     38000    114.00
                        2   Settlement Number 639039    Profit/Loss          570.00CR         0.00           570.00CR
 

                                                                                  Balance C/fwd          10,539.10DR

                                                                                  Balance Carried Forward            10,539.10DR
 

                                      OPEN POSITIONS
---------------------------------------------------------------------------------------------------------------------
Trade    Ref.     Bgt   Sold    Delivery  Instrument                 Trade  Strike/  Premium   Decl.           Debit/
Date     No.         Lots       Date                                 Type   Price              Date            Credit
---------------------------------------------------------------------------------------------------------------------

10JUL01  BT63       1           JUL 01    MATIF CAC 40 (10 EURO)             4978.00
10JUL01  BT15              1    JUL 01    MATIF CAC 40 (10 EURO)             4981.00
10JUL01  BT20       1           JUL 01    MATIF CAC 40 (10 EURO)             4998.00
10JUL01  BT64       1           JUL 01    MATIF CAC 40 (10 EURO)             5032.00
10JUL01  BS09              1    JUL 01    MATIF CAC 40 (10 EURO)             5039.50
06JUL01  C396              1    JUL 01    MATIF CAC 40 (10 EURO)             5043.00
10JUL01  BT21              1    JUL 01    MATIF CAC 40 (10 EURO)             5046.00
10JUL01  BS43       1           JUL 01    MATIF CAC 40 (10 EURO)             5048.00
10JUL01  BS06       1           JUL 01    MATIF CAC 40 (10 EURO)             5048.50
10JUL01  BS19              1    JUL 01    MATIF CAC 40 (10 EURO)             5057.00
10JUL01  BR16              1    JUL 01    MATIF CAC 40 (10 EURO)             5066.00
10JUL01  BS08       1           JUL 01    MATIF CAC 40 (10 EURO)             5073.00
TOTAL LOTS                                  FUTURES MARGIN (MARKET PRICE     4985.00)                        550.00CR
 


                                                                                                                                PAGE 7
                                                                                                                                DATE 10/JUL/2001
                                                                                                                               Account

                                               EURO
 

--------------------------------------------------------------------------------------------------------------------------------
Trade  Reference  Bgt Sold   Delivery  Instrument              Trade  Strike/  Premium    Decl.     Commission        Debit/
  Date    Number    -lots-      Date                             Type   Price              Date                        Credit
 

                                      OPEN POSITIONS
---------------------------------------------------------------------------------------------------------------------
Trade    Ref.     Bgt   Sold    Delivery  Instrument                 Trade  Strike/  Premium   Decl.           Debit/
Date     No.         Lots       Date                                 Type   Price              Date            Credit
---------------------------------------------------------------------------------------------------------------------

10JUL01  BS18       1           SEP 01    MATIF CAC 40 (10 EURO)             5089.00
06JUL01  C359       1           SEP 01    MATIF CAC 40 (10 EURO)             5103.00
10JUL01  BS07              1    SEP 01    MATIF CAC 40 (10 EURO)             5108.00
TOTAL LOTS          1                       FUTURES MARGIN (MARKET PRICE     5021.50)                        625.00DR

10JUL01  BG99       1           SEP 01    ITALIAN MIB 30 INDEX                 37210
10JUL01  BH05              1    SEP 01    ITALIAN MIB 30 INDEX                 37265
10JUL01  BH16       1           SEP 01    ITALIAN MIB 30 INDEX                 37275
10JUL01  BH17              1    SEP 01    ITALIAN MIB 30 INDEX                 37300
10JUL01  BH33       1           SEP 01    ITALIAN MIB 30 INDEX                 37355
10JUL01  BH18              1    SEP 01    ITALIAN MIB 30 INDEX                 37360
TOTAL LOTS                                  FUTURES MARGIN (MARKET PRICE       36868)                        425.00CR

06JUL01  CG39       2           JUL 01    MIB 30 INDEX OPTION         CALL     38000  296.00 20JUL01
10JUL01  BI18              2    JUL 01    MIB 30 INDEX OPTION         CALL     38000  114.00 20JUL01
TOTAL LOTS                                        OPTION VALUE (MARKET PRICE           90.00)                  0.00
 



 

                                                                                                                                            PAGE 8
                                                                                                                                            DATE 10/JUL/2001
                                                                                                                                            Account

                                               EURO
 

--------------------------------------------------------------------------------------------------------------------------------
Trade  Reference  Bgt Sold   Delivery  Instrument              Trade  Strike/  Premium    Decl.     Commission        Debit/
  Date    Number    -lots-      Date                             Type   Price              Date                        Credit
 
 



 

                                                                                                                                                        PAGE 9
                                                                                                                                                        DATE 10/JUL/2001
                                                                                                                                                         Account
 

                                               ITALIAN LIRA
 

--------------------------------------------------------------------------------------------------------------------------------
Trade  Reference  Bgt Sold   Delivery  Instrument              Trade  Strike/  Premium    Decl.     Commission        Debit/
  Date    Number    -lots-      Date                             Type   Price              Date                        Credit

                                                                                  Balance brought forward           25,000,000CR

                                                                                  Balance Carried Forward           25,000,000CR

------------------------------------------------------------------------------------------
A C C O U N T   S U M M A R Y
------------------------------------------------------------------------------------------
                                       USD                   EUR                   ITL
SPOT RATE                                1              0.854800            2,265.1731

CASH BALANCE                      1,110.00            -10,539.10            25,000,000
FUTURES VN                          390.00                350.00                     0
TRADED OPTION VN                      0.00                  0.00                     0
FORWARD OPTION VALUE                  0.00                  0.00                     0
FOREX VN                              0.00                  0.00                     0
FORWARD LME                           0.00                  0.00                     0
OPEN TRADE EQUITY                 1,500.00            -10,189.10            25,000,000
HCUT PHY VALUE                        0.00                  0.00                     0
INITIAL MARGIN (DR)                   0.00             -5,370.00                     0
MARGIN EXCESS/DEFICIT             1,500.00            -15,559.10            25,000,000
 

                             BASE CURR USD
SPOT RATE                                1

CASH BALANCE                      3,137.86
FUTURES VN                          689.18
TRADED OPTION VN                      0.00
FORWARD OPTION VALUE                  0.00
FOREX VN                              0.00
FORWARD LME                           0.00
OPEN TRADE EQUITY                 3,827.04
HCUT PHY VALUE                        0.00
INITIAL MARGIN (DR)              -4,590.28
MARGIN EXCESS/DEFICIT              -763.24
 



 


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