Treasury Management Services, Inc.

PLAIN FACTS

Problem: The Interbank or "over the counter" markets that are used to price most corporate foreign exchange transactions and/or interest rate hedges are not governed by any rules other than caveat emptor. The corporation that has the market knowledge and sufficient trading outlets is the one that can access to the "inside" or wholesale rates and gets the most competitive pricing on its transactions. This is the corporation that has the potiential to be the most profitable.

Solution: Corporations utilizing TMS as their advisory service and outsourced trading room receive the same rates as Fortune 100 companies for transactions as small as $50,000.00. TMS achieves these rates by working with financial institutions that are willing to look at our clients' smaller transactions as a part of the total volumes directed to them rather on a stand-alone basis. Since its inception in 1993 TMS has handled in excess of $2,500,000,000.00 in corporate financial markets transactions.

Problem: Most companies rely on their bankers for advice on market timing and an indication of the fair market price of any transaction. Did you know that these advisors are sales staff whose primary compensation is based on how much they can mark up these trades? The industry standard is that between 10% and 15% of this markup goes directly into the pocket of the advisor you are relying on. What's wrong with this picture?

Solution: TMS's sole compensation is derived from the quarterly retainer paid by our clients. TMS is not a broker, introducing broker or principal in any client transaction. This relationship typically results in our clients saving many multiples of our annual retainer.

Problem: The dynamics of the international currency & interest rate markets, with their inherent volatilities, leads to many hedging possibilities that can have a significant impact on a company's performance. The client that does not have access to these markets is at a competitive disadvantage.

Solution: Our clients have the ability to hedge in both the forward (Interbank) markets or on the futures exchanges at wholesale rates and/or brokerage schedules.


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