Epstein Secrets

ed KOP below defines the process that must be followed to categorize clients as Professional. *EEA (European Economic Area) country list = Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithua

holder(s), Decision Maker(s) reside in Germany) Any new clients or prospects who reside in Germany MUST be referred to the German American Team. LatAm and USO Bankers are NOT permitted to open any new accounts for new German domiciled clients. For bankers with existing relationships with non MIFID

ater. This time, we expect a sharp selloff with an eventual recovery. Our bearish view on LatAm credits in particular is driven by 1) positioning in LatAm is heavier than in EMEA or Asia — watch outflows from IG crossover investors who will rethink their EM IG investments; 2) their exposure to commoditi

country. In fact, the country clustering is even more concentrated than it looks if we allow for the fact that the bigger of the two upside outliers, Belgium (1.8% inflation), has experienced a presumably unrepeatable increase in the tax rate on electricity from 6% to 21%, as well as other excise duty incr

the above mentioned global factors, for the last two years and the years 2013-2014 for the sake of comparison (Chart 64). We find that currencies in LatAm and EEMEA are more exposed to global factors than in Asia. Interestingly, LatAm and EMEA currencies are more sensitive to shocks in commodity prices

ternationally given commodity interlinkages. o European and Asian utilities offer the most abundant and attractive alpha opportunities. o Japan and Latam will be more trading markets over the near term. e Some structural changes will have a global impact (Section 4). o The shale gas and coal price wa

in areas with ample wind and solar resources but located far from customers. Companies such as Northeast Utilities (US), National Grid (UK) and Elia (Belgium/Germany) are prime beneficiaries of this transmission capital spending, along with equipment providers such as ABB (Switzerland). In addition, many