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Investment Strategy
rs should seek on existing public information on such Insurance Corporation and are not ases, securities and other financial
: Merrill Lynch (Singapore) Pte Ltd, regulated by the Monetary Authority of Singapore (MAS): Merrill Lynch (Canada): Merrill Lynch Cana
be based solely on existing public information on such Insurance Corporation and are not volve numerous risks, including, oth
: Merrill Lynch (Singapore) Pte Ltd, regulated by the Monetary Authority of Singapore (MAS); Merrill Lynch (Canada): Merrill Lynch Cana
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 →nt may be difficult hat price or value of such securities and instruments may rise or fal ure performance. Levels and basis for taxation may change. Insurance Corporation and are not merica, N.A.}. Investments in general and, derivatives, in particular, involve numerous risks, including, among others, market risk, cou
Page: HOUSE_OVERSIGHT_014786 →: Merrill Lynch (Singapore) Pte Ltd, regulated by the Monetary Authority of Singapore (MAS); Merrill Lynch (Canada): Merrill Lynch Cana
ticular, in risks related to the security or financial instrument may be difficult person. Investors should seek this report and should understand Insurance Corporation and are not volve numerous risks, including, ‘0 obtain. Investors should note that hat price or value of such securities and instruments may rise o
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
his report and should understand fering must be based solely on existing public information on such ion with such offering, and not on this report. Insurance Corporation and are not volve numerous risks, including, jes and other financial nvestors should note that and, in some cases, investors may is anticipated t
Page: HOUSE_OVERSIGHT_014409 →: Merrill Lynch (Singapore) Pte Ltd, regulated by the Monetary Authority of Singapore (MAS); Merrill Lynch (Canada): Merrill Lynch Cana
on contained in this report (including any in her financial instrument. No part of person. Investors should seek this report and should understand Insurance Corporation and are not volve numerous risks, including, instrument or derivative is suitable for all investors. In some cases, securities and other financial y
Page: HOUSE_OVERSIGHT_014430 →Entities connected to both Insurance Corporation 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
Merrill Lynch
ORGANIZATION
Bank of America
ORGANIZATIONMerrill Lynch International Bank Limited
ORGANIZATION
the Financial Services Agency
ORGANIZATIONMerrill Lynch Canada Inc
ORGANIZATION
Merrill Lynch Global Wealth Management
ORGANIZATIONOtoritas Jasa Keuangan
ORGANIZATIONPierce, Fenner & Smith Incorporated
ORGANIZATIONMerchant Bank
ORGANIZATIONthe Investment Industry Regulatory Organization of Canada
ORGANIZATIONthe Capital Market Authority
ORGANIZATION
BANA Australia
ORGANIZATIONMerrill Lynch International Incorporated
ORGANIZATION