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sector, while the private payments companies stressed the importance of partnering with incumbent leaders and the need to maintain safety standards. BofA Merrill Lynch does and seeks to do business with issuers covered in its research reports. As a result, investors should be aware that the firm may have a conflict
Page: HOUSE_OVERSIGHT_014315 →PT Merrill Lynch (Indonesia): PT Merrill Lynch Indonesia, regulated srael Limited, regulated by Israel Securities Authority; Merrill Lynch (Russia): OOO Merrill Lynch Securities, Moscow, regula DIFC): Merrill Lynch International (DIFC Branch}, regulated by the Dubai Financial Services Authority (DFSA); Comisién Nacional del M
Page: HOUSE_OVERSIGHT_014394 →Investment Strategy
LPF&S and is not registered/qualified as a research analyst under the FINRA rules. Refer to "Other Important Disclosures" for information on certain BofA Merrill Lynch entities that take responsibility for this report in particular jurisdictions. This document is intended for BofA Merrill Lynch institutional invest
Page: HOUSE_OVERSIGHT_014432 →Otoritas Jasa Keuangan (OJK); Merrill Lynch (Israel): Merrill Lynch srael Limited, regulated by Israel Securities Authority; Merrill Lynch (Russia): OOO Merrill Lynch Securities, Moscow, regulated by the Central Bank of the Russian Federation; Merrill Lynch DIFC}: Merrill Lynch International (DIFC Branch), regulated by the Du
Page: HOUSE_OVERSIGHT_014457 →LPF&S and is not registered/qualified as a research analyst under the FINRA rules. Refer to "Other Important Disclosures" for information on certain BofA Merrill Lynch entities that take responsibility for this report in particular jurisdictions. BofA Merrill Lynch does and seeks to do business with issuers covered
Page: HOUSE_OVERSIGHT_014460 →Otoritas Jasa Keuangan (OJK); Merrill Lynch (Israel}: Merrill Lynch srael Limited, regulated by Israel Securities Authority; Merrill Lynch (Russia): OOO Merrill Lynch Securities, Moscow, regulated by the Central Bank of the Russian Federation; Merrill Lynch DIFC}: Merrill Lynch International (DIFC Branch}, regulated by the Du
Page: HOUSE_OVERSIGHT_014496 →eas or recommend der no obligation to ensure that such fA Merrill Lynch is un pecifically in mentioned in this re earch
Otoritas Jasa Keuangan (OJK); Merrill Lynch (Israel): Merrill Lynch srael Limited, regulated by Israel Securities Authority; Merrill Lynch (Russia): OOO Merrill Lynch Securities, Moscow, regulated by the Central Bank of the Russian Federation; Merrill Lynch DIFC}: Merrill Lynch International (DIFC Branch), regulated by the Du
Page: HOUSE_OVERSIGHT_014650 →Otoritas Jasa Keuangan (OJK); Merrill Lynch (Israel): Merrill Lynch Israel Limited, regulated by Israel Securities Authority; Merrill Lynch (Russia): OOO Merrill Lynch Securities, Moscow, regulated by the Central Bank of the Russian Federation; Merrill Lynch (Turkey |.B.): Merrill Lynch Yatirim Bank A.S., regulated by the Capi
Page: HOUSE_OVERSIGHT_016194 →bject to change without notice. Prices also are subject to change without notice. BofA Merrill Lynch is under no obligation to update this report and BofA Merrill Lynch's ability to publish research on the subject issuer(s) in the future is subject to applicable quiet periods. You should therefore assume that BofA Merr
Page: HOUSE_OVERSIGHT_016196 →Entities connected to both BofA Merrill Lynch and OOO Merrill Lynch Securities

Bank of America
ORGANIZATION
Merrill Lynch
ORGANIZATION
United Kingdom
LOCATION
Merrill Lynch Global Wealth Management
ORGANIZATION
Bank of America Corporation
ORGANIZATION
Frankfurt
LOCATION
Michael Bloomberg
PERSON
Donald Trump
PERSONMerchant Bank
ORGANIZATIONPierce, Fenner & Smith Incorporated
ORGANIZATIONMerrill Lynch International Bank Limited
ORGANIZATIONthe Prudential Regulation Authority
ORGANIZATIONMerrill Lynch Canada Inc
ORGANIZATION
Merri
ORGANIZATIONThe Financial Service Board
ORGANIZATIONthe Central Bank of Ireland
ORGANIZATIONMerrill Lynch KSA Company
ORGANIZATIONthe Investment Industry Regulatory Organization of Canada
ORGANIZATIONILynch
ORGANIZATIONthe Australian Securities and Investments Commission
ORGANIZATION