MonetarySpecialists

1. http://www.MonetarySpecialists.com

2. History of IMS Currency Exchange

3. FX Characterization and Agendas Today’s outline for John Golding • Characterization of Currency • The Billion Dollar Question? • What is Currency? Answers-Past, Present, Future • Characterization of a Currency Transaction • The 50K Mystery • What is the Value at the Point of Conversion?? • Trading your Agenda…How? • Can Currency Convert like other Commodities? • Precise Point of Conversion Report

4. Billion Dollar Lawsuit • In two separate lawsuits seeking in excess of $2 billion, the Manhattan U.S. Attorney and the New York Attorney General alleged the bank misled clients about the method for determining what currency exchange rates it used for certain foreign exchange transactions. • NY prosecutors sue XXXXXXXX over forex claims • Andrew Longstreth Reuters • 11:17 p.m. CDT, October 4, 2011 • (Reuters) - Bank of XXXXXXXXXXX was sued on Tuesday by New York federal and state prosecutors who accused the bank of cheating clients in foreign exchange transactions.In two separate lawsuits seeking in excess of $2 billion, the Manhattan U.S. Attorney and the New York Attorney General alleged the bank misled clients about the method for determining what currency exchange rates it used for certain foreign exchange transactions. • Both lawsuits targeted the "standing instruction" service offered by the bank in which it provides clients with an as-needed basis for foreign exchange services.Prosecutors accused the bank of promising clients the best available rate but instead giving them the worst or nearly the worst and then making a profit for itself from the price differential.The lawsuit filed in New York state court by New York Attorney General Eric Schneiderman is seeking to recover nearly $2 billion for XXXXXXX clients nationwide.Manhattan U.S. Attorney Preet Bharara said his lawsuit, filed in federal court, is seeking "hundreds of millions of dollars" in civil penalties on behalf of the government.A XXXXX spokesman said in a statement that the New York Attorney General's action was based on a "fundamental misunderstanding" of the foreign exchange market and the role of custodian banks."Simply put, this is the kind of prosecutorial overreach that ill serves New York, New Yorkers and the pension funds that the Office of New York Attorney General purports to represent," said the spokesman.He also said that the U.S. Attorney's lawsuit is flawed."It fundamentally misunderstands and mischaracterizes the global foreign exchange market and the valuable services we provide to our clients as a principal in foreign exchange transactions," he said.CAMPAIGN OF DECEPTIONAccording to the lawsuit filed by Schneiderman's office, XXXXXXXX made misrepresentations about its foreign exchange operations to some of the most recognizable corporations, investment funds, educational institutions, pension funds, and governmental organizations in the world, including Microsoft Corporation , Sears, Roebuck & Co, the World Bank, Duke University, and The Walt Disney Company .From 2001 to the present, the bank engaged in a "multi-pronged campaign of deception" designed to induce private and government clients into believing that they would receive the best rate of the day for their foreign currency transactions, the lawsuit said.New York is the latest state to bring claims against XXXXXXXX, which has been battling allegations of FX overcharging for months. Virginia and Florida filed lawsuits against the company in August.. "It fundamentally misunderstands and mischaracterizes the global foreign exchange market and the valuable services we provide to our clients as a principal in foreign exchange transactions," he said.

5. The Atlantic Charter 1941

6. Bretton Woods July, 1944

7. The Nixon Shock • The Nixon Shock was a series of economic measures taken by U.S. President Richard Nixon in 1971 including unilaterally cancelling the direct convertibility of the United States dollar to gold that essentially ended the existing Bretton Woods system of international financial exchange.

8. The FLOAT and the Golden Rule • By March 1976, the world’s major currencies were floating — in other words, the currency exchange rates no longer were governments' principal means of administering monetary policy. • NO CENTRAL MARKET! No Real Regulations • This is what I like to call the age of the Golden Rule.

9. Math Problem A client has a problem. http://www.MonetarySpecialists.com

10. How did $1,000,000 turn into $950,000? US ₤ $ $ ₤ http://www.MonetarySpecialists.com

11. Problem Investigation Fluctuations Let me asking the Dealing room Pssst....Tell him it was Risk Management I dont know that was our quote What Happened? http://www.MonetarySpecialists.com

12. Typical Currency Delivery Bank CurrencyDelivery Inter-bank Market Bank Market-Making Unit Dealing Room Regional Branch Retail Branch Each Layer has it’s own pricing and Agenda http://www.MonetarySpecialists.com

13. What aspect of the commodity are we talking about? The Point of Conversion (POC) Modifies the Value There is an economic cost at the point of conversion in currency. It is neither transparent nor quantified POC Refinery + report

14. What aspect of the commodity are we talking about? There is an economic cost at the point of conversion in currency. It is neither transparent nor quantified POC Market refinery POC + receipt IMS refinery To Capture the MOST VALUE you need the most correct information

15. Re-Characterizing the Transaction for your Agenda Crucial for Your Agenda -Timing -Delivery Price -Principals Offset Price

17. IMS Trust in Transparency Trust in Transparency Dealing Room Bank Market-Making Unit Dealing Room Regional Branch Inter-bank Market Retail Branch TnT It is Possible that the Golden Rule be Your Rule http://www.MonetarySpecialists.com