PORTFOLIO

 UNIVERSAL RESERVE  TREASURY

TREASURY BONDS   

*High capital required.                                               

 *Treasury bonds are issued in terms of 5 to 30 years.                                               

 *Pays semi- annual interest rates or every 6 months                                                   

 *Full value is paid at maturity.                                                                         

 *Bonds are held in electronic form and paper form for book entry.

 *Pays semi- annual interest rates or every 6 months                   

*Full value is paid at maturity.                                       

*Bonds are held in electronic form and paper form for book entry.       

*Minimum investment capital 30% of bond value                     

*Can be traded in open market operations to raise capital             

* Offered on a one off basis and are specific.                         

*STRUCTURED E NOTES: 

*Long,medium, short term:high capital 

*Pays semi- annual interest rates or every 6 months                                 

*Long term notes: 3 to 10 years

*Full value is paid at maturity.                                                                           

*High coupon rate paid semiannually.

*Bonds are held in electronic form and paper form for book entry.         

 *Face value is paid at maturity.

*Minimum investment capital 30% of bond value                                       

* Minimum investment 25 million.

*Can be traded in open market operations to raise capital                       

 *Can be traded in open market operations or rediscounted.

* Offered on a one off basis and are specific.                                             

 *Are structured to suit the investment and are offered continously. 

COMMERCIAL PAPER:

*Medium capital

*Sold in batches of minimum value 100,00.00Euro                                   

 *Maturity 9months to 12 months                                                                     

 *Maturity 3 years (from 3months to 10years )

*Sold at discount of face value.                     

 *Sold at fixed interest rate compounded annually.

Face value recieved at maturity and the amount purchased at  will be income on the investment.For instance a 100.000E batch  together with the principle amount.sold at 90,000.00 the difference of 10,000E is the profit at maturity.   

 *At maturity the interest rate compounded is paid

 *Once purchased the amount is held, no withdrawal.

*Fixed Interest rates between 1 and 5%                                                         

 *Early withdrawal possible with penalty of fees, 1/4 of annual interest rate will be forfeited as redemption fee.

*Held to maturity, can be rediscounted.                                                       

CERTIFICATE OF DEPOSIT:

*Medium capital 

 *Sold in batches of minimum value of 10,000Euro.

 *Maturity 3 years (from 3months to 10years )

 *Sold at fixed interest rate compounded annually.

 *At maturity the interest rate compounded is paid together with the principle amount.

.*Once purchased the amount is held, no withdrawal.

 *Early withdrawal possible with penalty of fees, 1/4 of annual interest rate will be forfeited as redemption fee.

TREASURY BILLS  Lowcapital                                                                               

* Sold in terms batches of 1000E                                                                             

*Sold in terms ranging from a few days to 3 months.                                             

*Bills are discounted at par value.For instance a bill sold                                       

at 900E at 1000.00E par value the difference of 100.00E is profit.                   

*Discount rate varies between 1% and 8%.                                                               

*Minimum purchase of 1000.00E maximum 5 million                                         

*Held to maturity                                                                                                             

TREASURY NOTES:

*Low capital

 * Sold in batches of 100E

 *Sold in terms ranging from 2 years to 10 years.

 *Fixed interest rate paid semi-annually

 *Held to maturity but can be rediscounted.

.*Minimum 45 days ownership

 *Minimum 100E Maximum 10E million

 * Interest 5% varies beween 3% and 8% 

SAVINGS BONDS: 

*Very low capital                                                                              

*Sold in batches from 50                                             

* Minimum term of ownership 1 year.                                 

* Interest rate 2 to 5 %                                               

*Maximum purchase 100,000.E                                     

*Interest added monthy and is paid when you cash the bond  .                           

*Can be rediscounted before maturity.   

OTHER: 

*Low to medium capital.

* will include

* - Debentures

* - Promissory notes

* -Treasury acceptance

 .*will be offered occassionaly with details of offer

 STOCKS: These are available at the Universal Reserve Center.