arily appropriate to execute as formulated beyond that date. Table 9: Summary of open trades as of 19-Jun-17 Trade Description Long SX5E vs short SPX Dec18 var swap Long NKY vs short SPX Dec18 var swap Long SX5E vs short SPX Dec18 put vs put Buy a 1Y ATM worst-of call on SPX & TLT Buy SPX>UKX Jun17 A

ulated beyond that date. Table 6: Summary of open trades as of 5-Jun-17 Trade Description Long SX5E vs short SPX Dec18 var swap Long NKY vs short SPX Dec18 var swap Long SX5E vs short SPX Dec18 put vs put Buy a 1Y ATM worst-of call on SPX & TLT Buy SPX>UKX Jun17 ATM outperformance call, conditioned on