Synthetic Firm Financing

Refers to a total return swaps that are not booked in client accounts, where the reporting entity is economically long the underlying reference asset and the counterparty is economically short. Use the [Maturity Bucket] to designate the earliest date a transaction could be unwound or terminated. Use the [Collateral Class] field to designate the reference asset of the transaction. Use the following [Sub-Product] values to designate how the position is “covered” (i.e., hedged): • Firm Short  Refers to transactions where the associated hedge is a short sale by the reporting entity of the physical security (i.e., transactions reportable under O.S.8, excluding those with a [Sub-Product] of “Firm Longs”. • Synthetic Customer Long  Refers to transactions hedged with a customer’s synthetic long position reported in I.S. 9. • Synthetic Firm Sourcing  Refers to transactions where the associated hedge meets the definition of I.S.10. • Futures  Refers to transactions hedged with futures contracts. • Other  Refers to all other methods of hedging. • Unhedged  Refers to positions that are not economically hedged with another instrument or transaction.