GlobalCurrencySM  
 
 
The latitude to diversify your cash across the world’s major currencies
 
In today’s global marketplace, opportunities regularly span national boundaries and employ multiple currencies. GlobalCurrency makes diversifying cash in your Morgan Stanley Smith Barney account convenient and easy. GlobalCurrency enables you to buy, hold and sell many of the world’s major currencies from the convenience of your Brokerage Account.1
 
GlobalCurrency features:
 
A variety of eligible currencies—GlobalCurrency Deposits are held at Morgan Stanley Bank, N.A., member FDIC, and are available in the following currencies:
 
  • Euro
  • Swiss Franc
  • British Pound Sterling
  • Canadian Dollar
  • Hong Kong Dollar
 
  • Singapore Dollar
  • Japanese Yen
  • Australian Dollar
  • New Zealand Dollar
 
Flexibility based on your time horizon -- Available as either Savings Deposits or Time Deposits (e.g., 1-, 3-, 6- and 12-month durations).
 
A variety of interest rates available -- Rates vary by deposit size and currency. Rates for Time Deposits are fixed for the deposit term while Saving Deposit rates are variable.2
 
The safety of FDIC -- GlobalCurrency deposits at Morgan Stanley Bank, N.A. are insured up to U.S. Dollar equivalent limits.3
 
Low deposit minimums -- Open with as little as a $1,000 U.S. Dollar equivalent deposit.
 

GlobalCurrency ExpressSM

Have the foreign currency you need for your next trip abroad delivered to your doorstep before you leave.4 It's fast, easy and saves you time to enjoy the sights—wherever your travels take you.
 
GlobalCurrency Express is currently available in Canadian Dollar, Euro and British Pound. To place an order for GlobalCurrency Express call the client service center at 800-869-3326 between 8:00 a.m. and 2:00 p.m. ET Monday through Friday.
 
 
 

FDIC Transaction Account Guarantee Program
 
Beginning July 1, 2010, Morgan Stanley Bank, N.A. and Morgan Stanley Private Bank, National Association (formerly Morgan Stanley Trust), (the "Banks") will no longer participate in the FDIC's Transaction Account Guarantee Program ("TAGP"). Thus, after June 30, 2010, funds held in noninterest-bearing transaction accounts, and certain NOW and linked MMDA accounts with interest rates at or below 0.50%, will no longer be guaranteed in full under the TAGP, but will be insured up to $250,000 under the FDIC's general deposit rules.
 
Certain clients who participate in Morgan Stanley Smith Barney's Bank Deposit Program or invest in GlobalCurrencySM savings deposits were eligible to enroll their deposits in the TAGP. The interest rates for these deposits will revert to their generally applicable Bank Deposit Program or GlobalCurrency rates on July 1, 2010 and, as indicated above, standard FDIC insurance limits will apply.
 
Please visit www.fdic.gov for more information.
 

Foreign Exchange Risk Considerations
 
Before undertaking foreign exchange transactions you should understand the associated risks. Engaging in foreign currency transactions entails more varied risks than normally associated with transactions in the domestic securities markets. Attention should be paid to market, credit, sovereign and liquidity risks. Review the GlobalCurrency Disclosure Statement at www.morganstanley.com/globalcurrency and speak with your Financial Advisor for more details.

1 Eligible brokerage accounts include Active Assets Accounts SM (“AAAs”), Business AAAs, Basic Securities Accounts (“BSAs”), Business BSAs, Individual Retirement Accounts (“IRAs”), Coverdell Education Savings Accounts (“CESAs”) and BusinesScapeSM Accounts.
 
2 Your Morgan Stanley Smith Barney Financial Advisor may charge you a commission to make deposits and withdrawals which will reduce your net earnings on a Deposit. Based on market conditions, Savings Deposits in some currencies may earn no interest.
 
3 FDIC insurance does not protect against losses due to exchange rate movements. For more information about FDIC insurance, please visit the FDIC website at www.fdic.gov.
 
4 Minimum order $250 U.S. Dollar equivalent; maximum order is $5,000 U.S. Dollar equivalent per accountholder per 24-hour period. There is a fee for currency delivered from a GlobalCurrency deposit, which is withdrawn from the deposit, and a mark up for currency delivered after a U.S. Dollar conversion, which is included in the exchange rate quoted at the time of purchase. Eligibility restrictions and conditions apply. To learn more about GlobalCurrency Express, please contact your Financial Advisor or, to place an order, call the client service center at 800-869-3326 between 8:00 a.m. and 2:00 p.m. ET Monday through Friday.
 
*The Banks are FDIC members. Morgan Stanley Smith Barney LLC ("Morgan Stanley Smith Barney") and Morgan Stanley & Co. Incorporated (“Morgan Stanley”) are registered broker-dealers, not banks. Morgan Stanley Smith Barney and the Banks are affiliates. Unless specifically disclosed to you in writing, other investments and services offered to you through Morgan Stanley Smith Barney and or Morgan Stanley are not insured by the FDIC, are not deposits of or other obligations of, or guaranteed by, the Banks and involve investment risks, including possible loss of principal amount invested.