Treasury Management Services, Inc.

PARTICIPATING FINANCIAL INSTITUTIONS

The Financial Institutions working with TMS were chosen for their expertise in a number of critical areas in the Foreign Exchange, Derivative Product and Money Markets.

These include their trading capabilities across a broad spectrum of markets & products, global dealing networks, aggressive pricing and commitment to provide TMS and its clients with the requisite market intelligence and assistance in designing hedging strategies.

Financial institutions working with TMS include major New York based investment banks and major European based commercial banks. These institutions are willing to price business executed through TMS at substantially reduced spreads because it is the most cost effective way for them to gain market share and incremental income without incurring the overhead normally associated with servicing the middle market client outside their secure area. They also are aware of the highly competitive environment in which TMS's clients operate.

In most cases there is a long personal history between the staff at TMS and senior staff at these institutions which assists in achieving maximum cooperation between all parties.


Past Performance is not necessarily indicative of future results.
The risk of loss in trading commodities can be substantial. You should therefore carefully consider
whether such trading is suitable for you in light of your financial condition.
Members National Futures Association l  Registered Commodity Futures Trading Commission
Treasury Management Services, Inc. l 2460 Bridlewood Ranches Drive l San Marcos, Texas 78666
Phone: 713-467-2300 l  l Fax: 713-467-2338