UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 27, 2007
Morgan Stanley Spectrum Currency L.P.
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(Exact Name of Registrant as Specified in its Charter)
Delaware 0-31563 13-4084211
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(State or Other Jurisdiction (Commission File Number) (IRS Employer
of Incorporation) Identification No.)
c/o Demeter Management Corporation,
522 Fifth Avenue, 13th Floor, New York, NY 10036
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (212) 296-1999
Not Applicable
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(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
|_| Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 1.01. Entry into a Material Definitive Agreement.
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(a) On November 28, 2007, Demeter Management Corporation (the "General
Partner") in its capacity as the general partner of the Registrant entered into
a Foreign Exchange and Options Master Agreement, on behalf of the Registrant,
with Morgan Stanley & Co. Incorporated, an affiliate of the General Partner (the
"MS & Co. Master Agreement"). Pursuant to the MS & Co. Master Agreement, Morgan
Stanley & Co. Incorporated will act as the counterparty on all of the foreign
currency forward trades for the Registrant effective November 28, 2007.
A copy of the MS & Co. Master Agreement is filed herewith as Exhibit 10.13
and incorporated herein by reference.
(b) On November 28, 2007, the General Partner, in its capacity as general
partner of the Registrant, entered into a Foreign Exchange and Options Master
Agreement, on behalf of the Registrant, with Morgan Stanley Capital Group, Inc.,
an affiliate of the General Partner (the "MSCG Master Agreement"). Pursuant to
the MSCG Master Agreement, Morgan Stanley Capital Group Inc. will act as the
counterparty on all of the options on foreign currency forward trades for the
Registrant effective November 28, 2007.
A copy of the MS & Co. Master Agreement is filed herewith as Exhibit 10.14
and incorporated herein by reference.
(c) On November 27, 2007, the General Partner, in its capacity as general
partner of the Registrant, entered into a Customer FX Prime Brokerage Agreement,
on behalf of the Registrant, with Morgan Stanley & Co. Incorporated, an
affiliate of the General Partner (the "MS & Co. Brokerage Agreement"). Pursuant
to the MS & Co. Brokerage Agreement, Morgan Stanley & Co. Incorporated will act
as the prime broker for any foreign currency transactions for the Registrant
effective November 27, 2007.
A copy of the MS & Co. Master Agreement is filed herewith as Exhibit 10.15
and incorporated herein by reference.
(d) On November 27, 2007, the General Partner, in its capacity as general
partner of the Registrant, entered into a Customer FX Prime Brokerage Agreement,
on behalf of the Registrant, with Morgan Stanley Capital Group, Inc., an
affiliate of the General Partner (the "MSCG Brokerage Agreement"). Pursuant to
the MSCG Brokerage Agreement, Morgan Stanley Capital Group Inc. will act as the
prime broker for any options on foreign currency transactions for the Registrant
effective November 27, 2007.
A copy of the MS & Co. Master Agreement is filed herewith as Exhibit 10.16
and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
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(d) Exhibits.
Exhibit Number Description
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10.13 Foreign Exchange and Options Master Agreement between
Morgan Stanley & Co. Incorporated and Demeter
Management Corporation, in its capacity as general
partner of the Registrant, dated as of November 28, 2007
10.14 Foreign Exchange and Options Master Agreement between
Morgan Stanley Capital Group Inc. and Demeter
Management Corporation, it its capacity as general
partner of the Registrant dated as of November 28, 2007
10.15 Customer FX Prime Brokerage Agreement between Morgan
Stanley & Co. Incorporated and Demeter Management
Corporation, it its capacity as general partner of the
Registrant dated as of November 27, 2007
10.16 Customer FX Prime Brokerage Agreement between Morgan
Stanley Capital Group Inc. and Demeter Management
Corporation, it its capacity as general partner of the
Registrant dated as of November 27, 2007
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
MORGAN STANLEY SPECTRUM CURRENCY L.P.
Date: December 4, 2007 By: Demeter Management Corporation
as General Partner
/s/ Walter Davis
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Name: Walter Davis
Title: President