Epstein Secrets

garding the risks involved with investing in listed options: http:/Awww.theocc.com/about/publications/character-risks.jsp. Analyst Certification |, Adarsh Sinha, hereby certify that the views expressed in this research report about securities and issuers accurately reflect the research model applied in such a

y Service; Merrill Lynch (Taiwan): Merrill Lynch Securities (Taiwan) Ltd., regulated by the Securities and Futures Bureau; DSP Merrill Lynch (India): DSP Merrill Lynch Limited, regulated by the Securities and Exchange Board of India; PT Merrill Lynch (Indonesia): PT Merrill Lynch Indonesia, regulated by Otoritas Jasa Keuang

K/USD Kamal Sharma 01/03/20 04/05/2016 Long RUB/ZAR David Hauner 22/01/20 17/05/2016 FX Short EUR/SEK Kamal Sharma 22/01/20 08/07/2016 Long JPY/KRW Adarsh Sinha 22/01/20 31/03/2016 Long USD/CAD lan Gordon 28/07/20 07/07/2016 Short EUR/JPY Athanasios Vamvakidis | 21/01/20 30/09/2016 Short EUR/USD Athanasios

y Service; Merrill Lynch (Taiwan): Merrill Lynch Securities (Taiwan) Ltd., regulated by the Securities and Futures Bureau; DSP Merrill Lynch (India): DSP Merrill Lynch Limited, regulated by the Securities and Exchange Board of India; PT Merrill Lynch (Indonesia): PT Merrill Lynch Indonesia, regulated by Otoritas Jasa Keuang

ica Global Rates, FX & EM 2017 Year Ahead | 16 November 2016 41 Merrill Lynch HOUSE_OVERSIGHT_014771 --- PAGE BREAK --- Cheapest tail-risk Hedges Adarsh Sinha Ralph Axel Merrill Lynch (Hong Kong) MLPF&S [email protected] [email protected] Gabriele Foa Tony Morriss MLI (UK) Merrill Lynch (Australia)

ry Service; Merrill Lynch (Taiwan): Merrill Lynch Securities (Taiwan) Ltd, regulated by the Securities and Futures Bureau; DSP Merrill Lynch (India): DSP Merrill Lynch Limited, T Merrill Lynch Indonesia, regulated by Otoritas Jasa Keuangan (OJK); Merrill Lynch srael Limited, regulated by Israel Securities Authority; Merrill