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s: JPMorgan Securities Japan Co., Ltd., Kanto Local Finance Bureau (kinsho) No. 82 Participating Association / Japan Securities Dealers Association. The Financial Futures Association of Japan. Type II Financial Instruments Firms Association and Japan Investment Advisers Association. Korn: This report may have been edited or contributed to
Markets Outlook and Strategy. Eric Beinstein et al. High Yield Credit Markets Weekly, Peter Acciavatti et al. European Credit Outlook d Strategy, Steven Dulake et at. Emerging Markets Cross Product Strategy Weekly, Eric Beinstein et at 3 EFTA_R1_02075115 EFTA02702627 Jen LOOP (1.212)834.5874 illnkn
t Markets Outlook and Strategy, Eric Beinstein et al. High Yield Credit Markets Weekly, Peter Acciavatti et al. European Credit Outlook & Strategy, Steven Dulake et al. Emerging Markets Cross Product Strategy Weekly, Eric Beinstein et al. HOUSE_OVERSIGHT_026574 --- PAGE BREAK --- Global Asset Allocation Th
Page: HOUSE_OVERSIGHT_026574 →ms: JPMorgan Securities Japan Co., Ltd., Kanto Local Finance Bureau (xinsho) No. 82 Participating Association / Japan Securities Dealers Association, The Financial Futures Association of Japan, Type II Financial Instruments Firms Association and Japan Investment Advisers Association. Korea: This report may have been edited or contributed to
Page: HOUSE_OVERSIGHT_026579 →it Markets Weekly, Peter Acciavatti et al. expect senior bank bond spreads to widen relative to covered bonds and European Credit Outlook & Strategy, Steven Dulake et prefer being OW covered bonds vs senior bonds in the periphery, al. particularly in Spain where covered bonds have first claim over the entire Eme
Page: HOUSE_OVERSIGHT_030850 →ms: JPMorgan Securities Japan Co., Ltd., Kanto Local Finance Bureau (kinsho) No. 82 Participating Association / Japan Securities Dealers Association, The Financial Futures Association of Japan, Type II Financial Instruments Firms Association and Japan Investment Advisers Association. Korea: This report may have been edited or contributed to
Page: HOUSE_OVERSIGHT_030855 →Entities connected to both The Financial Futures Association of Japan and Steven Dulake

Frankfurt
LOCATIONthe Securities and Futures Commission
ORGANIZATION
New Zealand
LOCATION
Malaysia
LOCATIONBombay Stock Exchange Limited
ORGANIZATION
Philippines
LOCATIONthe Central Bank of Brazil
ORGANIZATIONthe Indonesia Stock Exchange
ORGANIZATION
JPMorgan Chase
ORGANIZATIONthe Mexican Stock Exchange
ORGANIZATION
the Ministry of Finance
ORGANIZATIONthe Taiwan Securities and Futures Bureau
ORGANIZATIONthe Philippine Stock Exchange
ORGANIZATIONthe Stock Exchange of Thailand
ORGANIZATIONKanto Local Finance Bureau
ORGANIZATIONEngland & Wales
LOCATION
European Economic Area
LOCATION
Mumbai
LOCATIONJapan Investment Advisers Association
ORGANIZATIONthe Korea Financial Supervisory Service
ORGANIZATION