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the Monetary Authority of Israel}: Merrill Lynch Lynch lidrios; Merrill Lynch KSA Company, each is def
thority (Hong Kong): Merrill Lynch (Asia lated by the Monetary Authority of Israel}: Merrill Lynch Lynch lidrios; Merrill Lyn
seems to be the only one in the region that is expected to display a much lower sensitivity to US rates, outperforming others within Asia. We expect the Monetary Authority of Singapore to keep the SGD NEER in the weaker side of the band for the next few months, which reduces the downside risk for the trade (Chart 69). We like the IN
Page: HOUSE_OVERSIGHT_014770 →ll Ly BofA Merri nch clients and may not be re | Lynch research reports are d bited. Receip ents, opinio
: Merrill Lynch (Singapore) Pte Ltd, regulated by the Monetary Authority of Singapore (MAS); Merrill Lynch (Canada): Merrill Lynch Cana
Investment Strategy
u rading position (long or short} in the securiti Lynch, through business units other than Bo ith, and re
: Merrill Lynch (Singapore) Pte Ltd, regulated by the Monetary Authority of Singapore (MAS); Merrill Lynch (Canada): Merrill Lynch Cana
Investment Strategy
en considered and distributed in Japan by Merrill Lynch (Japan), a registered securities dealer under the
: Merrill Lynch (Singapore) Pte Ltd, regulated by the Monetary Authority of Singapore (MAS): Merrill Lynch (Canada): Merrill Lynch Cana
Quantitative Analysis
s is a regular issuer of traded financial instru Lynch, through business units other than Bo th, and rea
: Merrill Lynch (Singapore) Pte Ltd, regulated by the Monetary Authority of Singapore (MAS); Merrill Lynch (Canada): Merrill Lynch Cana
rt. Investors in such securities and instruments Lynch entities affiliates may, at any tention of any
: Merrill Lynch (Singapore) Pte Ltd, regulated by the Monetary Authority of Singapore (MAS); Merrill Lynch (Canada): Merrill Lynch Cana
u rading position (long or short} in the securiti Lynch, through business units other than Bo ith, and re
: Merrill Lynch (Singapore) Pte Ltd, regulated by the Monetary Authority of Singapore (MAS); Merrill Lynch (Canada): Merrill Lynch Cana
Earnings Preview
Issuer prior to making an investment decision. | Lynch is under no obligation to ensure that such menti
: Merrill Lynch (Singapore) Pte Ltd, regulated by the Monetary Authority of Singapore (MAS); Merrill Lynch (Canada): Merrill Lynch Cana
Entities connected to both ILynch and The Monetary Authority of Singapore

Donald Trump
PERSON
Michael Bloomberg
PERSON
United Kingdom
LOCATIONthe Dubai Financial Services Authority
ORGANIZATION
Seoul
LOCATION
Frankfurt
LOCATION
Merrill Lynch
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Bank of America
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Merrill Lynch Global Wealth Management
ORGANIZATIONthe Prudential Regulation Authority
ORGANIZATIONMerchant Bank
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the Financial Services Agency
ORGANIZATIONThe Financial Service Board
ORGANIZATIONthe Investment Industry Regulatory Organization of Canada
ORGANIZATIONthe Securities and Futures Bureau
ORGANIZATIONMerrill Lynch International Bank Limited
ORGANIZATIONMerrill Lynch Canada Inc
ORGANIZATIONMerrill Lynch (Asia Pacific) Limited
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Bank of America, N.A.
ORGANIZATIONMerrill Lynch KSA Company
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