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could earn a higher return under the MAPS strategy relative to
historic returns that it had earned investing in short-term
commercial paper.
FPL began preparations to enter into the proposed partnership
in early December 1992. On December 9, 1992, Mr. Silverstein
issued a memorandum to Mr. Wynn at FPL stating that he was in the
process of arranging credit with certain securities dealers and
requesting information from FPL regarding the partnership. On
December 14, 1992, Margaret Watson, a vice president for Chemical
Bank (Chemical), forwarded a memorandum to Mr. Wynn stating that
Chemical had assigned an account number to a multi-currency master
custody account for a partnership identified as New Coral
Partnership. Upon receipt of the memorandum, Mr. Wynn struck the
reference to New Coral Partnership, entered the name “Salina
Partnership”, and forwarded the memorandum to Mr. Silverstein at
BEA.
D. ABN AMRO Bank, N.V.
ABN AMRO Bank, N.V. (ABN) is a large bank based in The
Netherlands with international operations. During 1992, Jaap Van
Burg, an attorney, served as an assistant managing director at two
ABN affiliates known as ABN AMRO Trust Co., N.V. (ABN Trust) and
N.V. Fides.
In October 1992, concurrent with his discussions with FPL, Mr.
Ackert informed Mr. Van Burg that he had a client that might be
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