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gist 1011L Vadim laralov Shusuke Yamada, CFA >> EX Strategist FX/Equity Strategist MLPF&S Merrill Lynch 'Japan} Carol Mang Rates Strategist John Shin FX Strategist MLPF&S Europe Raif Preusser, CFA Rates Strategist MLI Ruben Segura-Cayuela Europe Economist Mark Capleton Rates Strategist M
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Merrill Lynch (Singapore) (Company Registration Nos F 06872E and 1986028830 respectively), MUBLMB and Merrill Lynch (Singaporelare regulated by MAS. Bank of America NA, Ausuahan Branch (AREW 064 874 531), AFS license 412901 ((ANA Australia) and Merrill Lynch Equities (Australia) Limited (ABM 65006 276 795), AFS Lic
ld stall or reverse. Even if nat gas prices were to increase sharply — 2013 -2016 -2014 -.-2017 18 Global Liquid Markets Weekly 124 July 2017 Bankof America ' Merrill Lynch EFTA00788492 from here, additional supplies would not come in time for the winter given an estimated six month lag from production
h Personnel (including the analyst(s) responsible for this report) receive compensation based upon, among other factors, the overall profitability of Bank of America Corporation, including profits derived from investment banking. The analyst(s) responsible for this report may also receive compensation based upon, a
Page: HOUSE_OVERSIGHT_014785 →ted by the Securities and Exchange Board of India; PT Merrill Lynch (Indonesia): P Comisién Nacional del Mercado De Valores; Merrill Lynch (Brazil): Bank of America Merr This research report: has been approved for publication and is distributed in the United FCA and the PRA) by MLI (UK) and Bank of America Merrill Ly
Page: HOUSE_OVERSIGHT_014785 →errill Lynch (Singapore) (Company Registration Nos F 06872E and 198602883D respectively). MLIBLMB and Merrill Lynch (Singapore) are regulated by MAS. Bank of America N.A., Australian Branch (ARBN 064 874 531), AFS License 412901 (BANA Australia) and Merrill Lynch Equities (Australia) Limi License 235132 (MLEA) distribu
Page: HOUSE_OVERSIGHT_014785 →Cabana, CFA Rates Strategist MLPF&S +1 646 855 9591 [email protected] Ralph Axel Rates Strategist MLPF&S +1 646 855 6226 [email protected] John Shin FX Strategist MLPF&S +1 646 855 9342 [email protected] Carol Zhang Rates Strategist MLPF&S +1 646 855 8311 [email protected] Pac Rim A
Page: HOUSE_OVERSIGHT_014787 →errill Lynch (Singapore) (Company Registration Nos F 06872E and 198602883D respectively). MLIBLMB and Merrill Lynch (Singapore} are regulated by MAS. Bank of America N.A, Australian Branch (ARBN 064 874 531), AFS License 412901 (BANA Australia) and Merrill Lynch Equities (Australia) Limited (ABN 65 006 276 795), AFS L
Page: HOUSE_OVERSIGHT_010614 →lph Axel Rates Strategist MLPF&S +1 646 855 6226 [email protected] Shyam S.Rajan Rates Strategist MLPF&S +1 646 855 9808 [email protected] John Shin FX Strategist MLPF&S +1 646 855 9342 [email protected] lan Gordon FX Strategist MLPF&S +1 646 855 8749 [email protected] Vadim laralov
Page: HOUSE_OVERSIGHT_010616 →Entities connected to both John Shin and Bank of America

Donald Trump
PERSON
Merrill Lynch
ORGANIZATION
Bank of America Corporation
ORGANIZATION
Bloomberg L.P.
ORGANIZATION
United Kingdom
LOCATIONPierce, Fenner & Smith Incorporated
ORGANIZATION
Michael Bloomberg
PERSON
Merrill Lynch Global Wealth Management
ORGANIZATIONMerchant Bank
ORGANIZATION
Seoul
LOCATIONMerrill Lynch KSA Company
ORGANIZATIONMerrill Lynch Canada Inc
ORGANIZATIONBaFin
ORGANIZATIONMerrill Lynch International Bank Limited
ORGANIZATIONThe Financial Service Board
ORGANIZATIONthe Securities and Futures Bureau
ORGANIZATIONOtoritas Jasa Keuangan
ORGANIZATION
Frankfurt
LOCATIONMerrill Lynch International Incorporated
ORGANIZATIONBank of America Merrill Lynch International Limited
ORGANIZATION