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Th e M Rep o RT | 25 Feature LOOKING FOR A TRUE PARTNER IN HEDGING? Vice Capital Markets Chris Bennett, CEO cbennett@vicecapitalmarkets.com Troy Baars, President tbaars@vicecapitalmarkets.com 248.869.8100 Vicecapitalmarkets.com How can you make 2013 profits on 2014 production? REPORTING & ANALYTICS CLIENTS • The best fallout work in the industry–bar none. • Daily pull-through model for use in position report custom-built uniquely for each client based upon that client's own historical data, dynamically run daily • Daily Position Report, Mark to Market, and full Shock analysis, also taking into account changes in servicing values relative to market movement • Full FAS 133 and FAS 159 reporting • Consultation and advisement regarding investor, dealer, and agency relationships, contracts, and structures • Daily core base best ex models • Weekly full run-through of newly closed inventory through our detailed best ex programs, taking every loan characteristic into account for all tier-1 and tier-2 trade desk executions • Retained vs. released analysis, and specified pool analysis performed as part of best execution analysis • Assistance with producing daily pricing models, as desired by client, and notification of intraday adverse market moves for use in re-pricing FULL SERVICE CLIENTS–ALL OF THE ABOVE PLUS • All daily and intra-day core position trading and management • Allocation and sale of all hedged newly closed inventory using custom client-driven best execution models, including all AOT paperwork, with all approved top-tier trade desks • FNMA and FHLMC cash sales, and assistance in forming agency specified pools with optimal structures OTHER FEATURES OF THE VICE CAPITAL DIFFERENCE • 12 years of successfully providing full service hedging, through every possible degree of market movement • Work with people who have actually sat in your chair. • We are an active trade desk; you'll never be sent to voicemail when you call. • Only long-term relationships here–no contracts, just agreements, and no upfront costs or set-up fees. We are very selective in which firms we will take on as new accounts to ensure we can continue to provide great service to all of our clients • Any deals or incentives we help negotiate accrue 100% to your benefit–there is no 'split' with Vice, and we do not allow any 'kickback' structures–you can be confident that all execution decisions made were in only your best interest, and not anyone else's • We have the lowest client turnover rate in the industry, at 5% annually, without contracts. Our clients are fiercely loyal for a good reason!