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ico} ico} SSR ERE EERE ES SSR eRe EER EES Source: Bloomberg Source: Bloomberg 4 Global Cross Asset Strategy -
g RTY short SPX 2y variance swap Nitin Saksena 3000-2850 SX5E put spread Dec 16 expiry James Barty Equity vol Long NKY short SPX Dec 18 variance swap Benjamin Bowler Long SX5E short SPX Dec 18 variance spread Abhinandan Deb Eurostoxx 2y/3y put calendar Abhinandan Deb Short EUR/SEK Kamal Sharma Long USD/CNY call Cl
Page: HOUSE_OVERSIGHT_014433 →e: BofA Merrill Lynch Global Fund Manager Survey, Bloomberg. As a reminder, the FMS Cash Rule works as follow
garding the risks involved with investing in listed options: http://Awww.theocc.com/about/publications/character-risks.jsp Analyst Certification |, Benjamin Bowler, hereby certify that the views expressed in this research report accurately reflect my personal views about the subject securities and issuers. | als
Page: HOUSE_OVERSIGHT_014998 →(RHS) Source: BofA Merrill Lynch Global Research, Bloomberg. Daily data from Jan-90 to 5-Jun-17. The politic
ming from new Drillisch tariffs or failure to turnaround good US operational trends into more profitable revenue streams. Analyst Certification We, Benjamin Bowler, Clovis Couasnon and Frederic Boulan, CFA, hereby certify that the views each of us has expressed in this research report accurately reflect each of
Page: HOUSE_OVERSIGHT_023603 →Entities connected to both Michael Bloomberg and Benjamin Bowler

Donald Trump
PERSON
Marc Rich
PERSON
Barack Obama
PERSON
United States
LOCATION
United Kingdom
LOCATIONDoug Band
PERSON
Frankfurt
LOCATION
Merrill Lynch
ORGANIZATION
U.S. Treasury
ORGANIZATION
Bank of America
ORGANIZATION
Seoul
LOCATIONthe Dubai Financial Services Authority
ORGANIZATIONMerchant Bank
ORGANIZATION
Merrill Lynch Global Wealth Management
ORGANIZATIONThe Financial Service Board
ORGANIZATIONthe Prudential Regulation Authority
ORGANIZATIONThe Monetary Authority of Singapore
ORGANIZATION
the Financial Services Agency
ORGANIZATION
Bank of America Corporation
ORGANIZATIONthe Securities and Futures Bureau
ORGANIZATION