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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 →her financial instruments discussed in this report, or recommended, o deposits or other obligations of any insured depository institution (including, Bank of A instruments may be difficult to value or sell and reliable information about the value or income from such securities and other financial instrument
Page: HOUSE_OVERSIGHT_014785 →: Merrill Lynch (Singapore) Pte Ltd, regulated by the Monetary Authority of Singapore (MAS); Merrill Lynch (Canada): Merrill Lynch Cana
ancial instruments) to be suspended or withdrawn and shou uments) nor should the analyses or opinion(s) be considered a solici its contents. uding, Bank of A jo security, financial instrument or derivative is suitable for all investors. In some cases, securities and other financial ue or sell and reliable
Page: HOUSE_OVERSIGHT_010615 →Investment Strategy
: Merrill Lynch (Singapore) Pte Ltd, regulated by the Monetary Authority of Singapore (MAS); Merrill Lynch (Canada): Merrill Lynch Cana
account the specific investment objectives, financial situation and the p. im fered or sold by Merrill Lynch, are not tory institution (including, Bank of A erparty default risk and liquidity risk. No security, financi iable information about the value or other financial instruments, if any, may fluctuate
Page: HOUSE_OVERSIGHT_014409 →Entities connected to both Bank of A and The Monetary Authority of Singapore

Donald Trump
PERSONthe Dubai Financial Services Authority
ORGANIZATION
Michael Bloomberg
PERSON
United Kingdom
LOCATION
Seoul
LOCATIONthe Prudential Regulation Authority
ORGANIZATION
Frankfurt
LOCATION
the Financial Services Agency
ORGANIZATIONPierce, Fenner & Smith Incorporated
ORGANIZATION
Merrill Lynch
ORGANIZATION
Merrill Lynch Global Wealth Management
ORGANIZATION
BANA Australia
ORGANIZATION
Bank of America
ORGANIZATIONMerchant Bank
ORGANIZATIONMerrill Lynch International Bank Limited
ORGANIZATIONthe Capital Market Authority
ORGANIZATIONthe Investment Industry Regulatory Organization of Canada
ORGANIZATIONMerrill Lynch Canada Inc
ORGANIZATIONMerrill Lynch International
ORGANIZATIONThe Financial Service Board
ORGANIZATION