a. KCP Global Value Proposition b. KCP Non-Advisory Letter III. Coverage stylistic clarifications - [Tazia] a. Trading communication and Position updates i. Frequency/incremental moves ii Preferred medium iii. When unreachable b. Position Review - referred report format and frequency IV. Investment/Trade Ideas - [Tazia] a. European Recovery i. Credit-Linked Note on Eurozone Periphery (Portugal, Spain, Italy & Ireland; 3mL+37Sbps for Syrs) ii. EUR 2y10y Curve Steepener Note (4.7S% x n/N paid semi-annually, 1.5-2.5%) iii. European Equity Basket (compare with current holdings) b. Municipals Puerto Rico cofina Bond (+ leverage?) c. Technology i. DB Global Markets Basket: QCOM, AAPL, EMC, APH, GOOG, ACN, CTSH, IBM, WU, BRCM, INTO, VNTV, WNS, FCS, ONNN V. Other Investment Opportunities [Tazia] a. RREEF (ROIF and Retrofit Partners) b. Japanese Real Estate Mezzanine C. CLOs CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0029981 CONFIDENTIAL SDNY_GM_00176165 EFTA01344483