Capabilities

Great Pacific Securities (GPS) offers proprietary research and a staff of institutional traders experienced in both the fixed income and equity markets. Great Pacific is a member in good standing with the FINRA (Broker Dealer CRD #29251) and has continuously maintained net capital in excess of minimum requirements. GPS is also licensed by the Securities and Exchange Commission (ID #8-44398) and the California Department of Corporations (Broker Dealer Certificate #913-2346).

GPS is certified by the State of California Office of Small Business Certifications and Records (OSBCR) as a Certified Disabled Veteran Business Enterprise (DVBE). A copy of our certification is available upon request.

Great Pacific's investment philosophy is fine tuned to respond to each client in a way that best enhances the client's role as investment manager. Whether responding to the needs of a very active portfolio manager, or developing investment alternatives for those with limited time resources, we understand that each client has his own unique and specific investment parameters regarding safety, liquidity and yield. We strive to identify and respond to each client's specific needs.

Our trading desk consists of three professionals, with combined experience of over 75 years in institutional order execution. GPS's current base of institutional clients consists of over 300 professional money managers, both U.S. and internationally based. GPS trades over $1 billion in domestic equities and $24.4 billion in domestic fixed income per year.

GPS has a fully disclosed clearing agreement with National Financial Service, LLC for clearing domestic trades. Additionally, GPS maintains relationships with eight major international broker/dealers for execution and clearing of all foreign transactions. Great Pacific will provide a current list of executing broker/dealers upon request.

Execution Capabilities

The Equity Trading Desk of GPS executes directly on the floor of the NYSE and other major exchanges. All foreign equities, denominated in local currency, are handled through direct relationships with our overseas partners. Fixed income trading encompasses U.S. governments, municipal, corporate, mortgage-backed and money market instruments. GPS utilizes a large network of dealers to assure competitive prices to its clients. A brief description of our trading abilities includes:

Fixed Income - GPS's fixed income traders are current on all market developments. They maintain daily contact with many primary dealers and the vast majority of regional broker/dealers. GPS "shops the market" for the best price and execution on all fixed income trades. Additionally, GPS works closely with its customers' portfolios to create cross customer swaps that allow each manager to better reach his investment objectives while decreasing transaction costs.

Listed - GPS maintains direct access to the floor of the NYSE and AMEX, utilizing dedicated telephone lines for order entry, market pictures and execution reports. GPS maintains redundant systems and employs a variety of computer terminal links for direct order entry on the NYSE/AMEX Dot System. Orders received by GPS typically are transmitted verbally to the floor, and are "worked". Trade execution (partials or fills) is relayed to the client traders along with any pertinent information that is unique to the situation.

GPS can accept order flow from a variety of electronic providers and from most FIX compliant systems.

OTC/NASDAQ - GPS works directly with all of the major market makers as well as with several ECNs to provide the best execution to its clients. Through these relationships Great Pacific can provide quick best price execution or passively work an order for a customer. All commission rates are reviewed and set commensurate to customer volume and trading style.

International - GPS is active outside the United States in trading international equities and debt instruments. We maintain direct desk-to-desk relationships with several recognized foreign broker/dealers allowing GPS access to foreign exchanges. Trades may be initiated through GPS, or may be entered on a directed basis through our foreign correspondents.

Operational Capabilities

All trades are entered through the National Financial customer information control system, which is a direct connection with National Financial back office. Capabilities include ticket entry, opening DVP and cash accounts, and full access to margin activity to monitor cash calls and check requests. GPS utilizes the autex alert system, which provides GPS with information needed to open DVP accounts for institutions who are on the system. GPS makes use of the AT&T easylink system for telexes for all overseas accounts, giving them immediate access to the details of their completed trades.

Documentation

Great Pacific Securities requires documentation on all new accounts opened. Clients must provide a corporate resolution (if applicable), trading authorization, current investment guidelines and policy, and complete a new account agreement.

Trading Limits

Our capital is adequate to provide for all normal trading activity. Each account is guaranteed by National Financial Services, LLC. All National Financial Correspondent Clearing clients, whose accounts are carried on the books and records of National Financial, receive $100 Million insurance protection per account. Great Pacific provides SIPC coverage for all accounts.

Paper Trail

Trade confirmations are mailed by National Financial Services to each client the day after trade date. Monthly statements are also sent to each active account.

Custody and Delivery Process. Fiduciary Responsibility

The majority of accounts are delivery-versus-payment accounts (DVP), where the client has a custodian bank to safe-keep their securities. Should the client need a custodian, National Financial Services is well equipped to handle custodian services. All National Financial correspondent clearing clients, whose accounts are carried on the books and records of National Financial, receive unlimited insurance coverage protection per customer. In addition to the SIPC coverage, National Finaicial Services, LLC has a separate excess securities bond that provides unlimited coverage for each customer. Thus, the maximum coverage provided by National Financial is unlimited, of which $100,000 can be applied to cash claims.

All accounts are monitored by the supervisory personnel of Great Pacific Securities on a daily basis for account documentation, and suitability of the securities recommended, with strict attention being paid to the investment guidelines established by the client. Additionally, the supervisory personnel of National Financial reviews account activity on a daily, weekly and monthly basis.

Anti-Money Laundering

As outlined in the FINRA Customer Identification Program Notice, which may have been provided to you upon opening your account, the USA Patriot Act and the recently passed rules regarding customer identification requires broker-dealers such as Great Pacific Securities to collect certain identification information from all customers and verify their identities.
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151 Kalmus Drive, Suite H-8· Costa Mesa, California 92626 · (714) 619-3000 · Fax: (714) 619-3018
E-mail: info@greatpac.com · Member FINRA/SIPC/MSRB/Business Continuity Plan