Our risk management and margining model is based on the principle of enhanced service with a progressive approach. To facilitate flexible cross-margining and reporting, our approach ensures there are logical and transparent rules, continuous communication with clients, and ongoing investment in our infrastructure. UBS's Prime Brokerage Services is committed to developing a flexible platform that supports full cross-product margining for its clients and recognizes risk offsets in client portfolios. This platform provides substantial operational and capital efficiency benefits to clients, including:

       Cross collateralization: netting multiple margin calls across        products into a single call
       Reduced margin for offsetting trades: greater capital        efficiency
       One stop shop for clearing/financing efficient dealer        relationship
       Consolidated reporting of financed trades enhanced client        service

Products and services in this web site may not be available for residents of certain jurisdictions. Please consult the restrictions relating to the product or service in question for further information. Activities with respect to US securities are conducted through UBS Securities LLC, a US broker dealer. Member of SIPC.

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