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        T R O U B L E D   C O M P A N Y   R E P O R T E R

                           E U R O P E

            Monday, July 27, 2015, Vol. 16, No. 146

                            Headlines

A Z E R B A I J A N

BANK TECHNIQUE: Moody's Cuts LT Currency Deposit Ratings to Caa2


B U L G A R I A

TOPLOFIKATSIYA SHUMEN: Declared Bankrupt, Operations Suspended


G R E E C E

GREECE: Bailout Talks Delayed Due to Logistical Problems


I C E L A N D

HOUSING FINANCING: S&P Affirms 'BB-/B' Issuer Credit Ratings


I R E L A N D

ANGLO IRISH: Drumm Expected to Contradict Cowen Evidence in Probe


I T A L Y

COGEME SOLUZIONI: First Asset Auction Scheduled for Sept. 1
ISTITUTO ITALIANO: Sept. 11 Expressions of Interest Deadline Set


L I T H U A N I A

LITHUANIAN SHIPPING: Government Cancels Bankruptcy Procedure


N E T H E R L A N D S

PENSIOENFONDS ALCATEL-LUCENT: Dutch Regulator Orders Liquidation


R U S S I A

AVTOVAZBANK: Taps Promsvyazbank to Bail Out Business
ROSSIYSKIY KREDIT: Bank of Russia Revokes Banking License
STROYMONTAZH JSC: Completes Liquidation Proceedings


U K R A I N E

UKRAINE: IMF Agrees to Disburse Second Tranche of Financial Aid


U N I T E D   K I N G D O M

888 HOLDINGS: Moody's Assigns '(P)Ba3' Corporate Family Rating
FERGUSON FLOWERS: Direct Gets 5-Year Boardroom Disqualification
GREAT HALL NO.1: Moody's Lifts Rating on GBP5.6MM Ea Notes to Ba1
LOGISTICS UK: Moody's Assigns (P)B1 Rating to GBP61.75MM F Notes
MANSARD MORTGAGES 2006-1: Moody's Hikes B2 Notes Rating to Caa2

MONEY PARTNERS 3: Moody's Raises Cl. B1a Notes Rating From Ba1
PFT METAL: Enters Administration Following CVA Breach


X X X X X X X X

* BOND PRICING: For the Week July 20, 2015 to July 24, 2015


                            *********


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A Z E R B A I J A N
===================


BANK TECHNIQUE: Moody's Cuts LT Currency Deposit Ratings to Caa2
----------------------------------------------------------------
Moody's Investors Service downgraded Bank Technique OJSC's long-
term local- and foreign-currency deposit ratings to Caa2 from
Caa1 and its baseline credit assessment (BCA) to caa3 from caa2,
reflecting the lack of capital support following the weakening of
the bank's capital cushion due to a one-off foreign-currency
revaluation loss in February. The outlook on the long-term
deposit ratings is negative.

At the same time, Moody's affirmed the Not-Prime short-term local
and foreign-currency deposit ratings. These actions conclude the
review on the bank's ratings initiated on May 6, 2015, when Bank
Technique's ratings were placed on review for downgrade.

RATINGS RATIONALE

The downgrade of Bank Technique's long-term deposit ratings to
Caa2 reflects the lack of capital support to compensate for the
sudden erosion of its capital cushion following the one-off
foreign-currency revaluation loss of around AZN25 million
(US$23.8 million) in February 2015. This caused Bank Technique's
Tier 1 and total regulatory capital ratios to fall to 5.2% and
7.1%, respectively as of March 1, 2015 -- below the regulatory
thresholds of 6% and 12%, respectively. The bank held an unhedged
open short position in foreign currency equaling 14% of assets,
or 124% of equity, as of February 1, 2015, according to local
GAAP reports, just before the 25% depreciation of local currency
against the US dollar.

Reportedly, the bank has so far not received any capital support,
and it remains unclear when any capital injections from either
the central bank or the shareholder will be made. According to
Bank Technique's recapitalization plan, submitted to the Central
Bank of Azerbaijan (CBAR) in May 2015, the shareholder plans to
provide an AZN8 million subordinated loan, although the timeframe
remains uncertain.

In addition, Moody's believes that the requested amount of AZN8
million is not sufficient to replenish erosion in capital. It
estimates that Bank Technique needs an equity injection of at
least AZN28 million, of which AZN5 million would need to be in
the form of Tier 1 equity in order to meet regulatory
requirements. Therefore, Bank Technique would require
extraordinary support, despite the regulatory forbearance
received earlier this year to breach capital adequacy and several
other ratios till 2016 to 2017.

SUPPORT CONSIDERATIONS

Moody's views Bank Technique as a bank of systemic importance
because of its size (it is the 9th largest by assets as of 1
February 2015). It also notes that deposits from the central bank
and other government bodies held at the bank accounted for a
material 19% of liabilities under unaudited IFRS, as of year-end
2014. A significant amount of largely long-term funds provided by
the central bank, totaling AZN67.6 million as of June 1, 2015
under local accounting standards, along with a recently provided
waiver indicates that the regulator would not let Bank Technique
to fail. Moody's therefore incorporates a one-notch uplift from
the bank's standalone credit strength of caa3 to the deposits
ratings, reflecting its assessment that the bank is likely to
receive systemic support.

WHAT COULD MOVE THE RATINGS UP/DOWN

Given the negative outlook, Bank Technique's deposit ratings have
limited upside potential over the next 12 to 18 months. However,
Moody's could change the outlook to stable if the bank receives
support from either CBAR or its controlling shareholder which
would lead to the stabilization of its credit profile and
addresses capital erosion risks.

Moody's could downgrade Bank Technique's ratings if (i) its
liquidity cushion significantly deteriorates, or (ii) the bank
faces material unexpected losses.

CR ASSESSMENTS

CR Assessments are opinions of how counterparty obligations are
likely to be treated if a bank fails and are distinct from debt
and deposit ratings in that they (1) consider only the risk of
default rather expected loss and (2) apply to counterparty
obligations and contractual commitments rather than debt or
deposit instruments. The CR Assessment is an opinion of the
counterparty risk related to a bank's covered bonds, contractual
performance obligations (servicing), derivatives (e.g., swaps),
letters of credit, guarantees and liquidity facilities.

In most cases, the starting point for the CR Assessment -- which
is an assessment of the ability to avoid defaulting on its
operating obligations -- is one notch above the bank's adjusted
baseline credit assessment (BCA), which represents the rating
agency's view of the probability of a bank failing on its
obligations without considering government support. Moody's then
adds the same support assumptions as applied to deposit ratings.
As a result, the CR Assessment of Bank Technique is one notch
higher than its deposit ratings.

PRINCIPAL METHODOLOGY

The principal methodology used in these ratings was Banks
published in March 2015.

Headquartered in Baku, Azerbaijan, Bank Technique reported total
assets of AZN568.5 million, total shareholders' equity of AZN49.8
million and net income of AZN1.3 million, according to audited
International Financial Reporting Standards as of June 30, 2014.



===============
B U L G A R I A
===============


TOPLOFIKATSIYA SHUMEN: Declared Bankrupt, Operations Suspended
--------------------------------------------------------------
FOCUS News Agency, citing Bulgarian National Radio, reports the
District Court in Shumen has ruled that the city's heating
utility, Toplofikatsiya Shumen, has to be declared insolvent.

The court ruled the company has to suspend its activity and
distrained upon the TPP's property and suspended the powers of
the management, FOCUS News relates.

Creditors will hold a sitting on Sept. 3, FOCUS News discloses.

The ruling can be appealed against at the Court of Appeals in
coastal Varna in seven days after being entered in the commercial
register, FOCUS News notes.



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G R E E C E
===========


GREECE: Bailout Talks Delayed Due to Logistical Problems
--------------------------------------------------------
BBC News reports that talks between Greece and its European
creditors on a third EUR86 billion (GBP60 billion; US$94 billion)
bailout have been delayed due to logistical problems.

Greek officials had been expected to meet representatives of EU
creditors in the Greek capital Athens on July 24, BBC notes.

But a European Commission spokeswoman later said those
representatives would arrive "in the coming days", BBC relays.

Separately, Greece formally submitted a request for a new loan
from the International Monetary Fund, BBC relates.

In a letter to IMF head Christine Lagarde dated July 23 but
released to the public on July 24, Greek Finance Minister
Euclid Tsakalotos wrote that Athens was "seeking a new loan", BBC
recounts.

Greek MPs have approved tough new conditions set by the EU
lenders for talks on the bailout, BBC discloses.

It is unclear when IMF officials will be joining the
negotiations, BBC notes.

The Washington-based IMF wants Greece's debt burden to be reduced
to a level it considers "sustainable", but it faces resistance
from reluctant European partners, BBC states.

EU officials, as cited by BBC, said on July 24 that there were
"logistical issues to solve" before high-level talks with Athens
could begin, but that negotiations were taking place at a
technical level.

According to BBC, the Greek team had been expected to meet top
representatives from the European Commission, European Central
Bank and European Stability Mechanism -- the eurozone's main
bailout fund.

Talks on the bailout package are expected to last a month, BBC
says.

Tight capital controls, introduced at the end of June, remain in
place to prevent a run on Greece's cash-strapped banks, BBC
notes.

According to Bloomberg News' Nikos Chrysoloras, a Greek Finance
Ministry official said negotiations between the Greek government
and technical teams representing creditor institutions will begin
on Tuesday, July 28, in Athens.



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I C E L A N D
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HOUSING FINANCING: S&P Affirms 'BB-/B' Issuer Credit Ratings
------------------------------------------------------------
Standard & Poor's Ratings Services affirmed its 'BB-/B' long- and
short-term foreign and local currency issuer credit ratings on
Iceland's Housing Financing Fund Ibudalanasjodur (HFF).  The
outlook is stable.

The ratings on HFF are supported by S&P's view that there is a
high likelihood that the government of Iceland would provide
timely and extraordinary support to the institution in the event
of financial distress.  HFF is 100% state-owned and there is an
ultimate, but not timely, government guarantee on its
obligations. S&P continues to assess HFF's stand-alone credit
profile (SACP, which reflects its credit quality without
factoring in extraordinary government support)
at 'b-'.

On July 17, 2015, S&P raised its long-term sovereign ratings on
Iceland to 'BBB' from 'BBB-'.  However, under S&P's criteria for
rating GREs, this has no impact on S&P's ratings on HFF.

At present, HFF's future role and operations remain unclear.  In
May 2014, the project committee appointed by Iceland's Minister
of Social Affairs and Housing called for a reform of the
Icelandic housing system.  Under the proposals the committee put
forward, S&P expects the government to gradually discontinue
HFF's operations over the medium term.

Under the existing system, HFF provides mortgage loans, as do
commercial banks, and, to a lesser extent, pension funds.  The
new approach provides for the establishment of specialized
mortgage companies financed through issuance of covered bonds,
which will only be allowed to provide mortgage loans.  The
proposals specify that HFF will cease lending and its portfolio
will be allowed to expire.  Meanwhile, the government would
establish a new state-owned housing loan company, which would
operate on the same terms as other specialized mortgage companies
and, unlike HFF, will not benefit from a state guarantee.

Even though S&P's base case assumes that the proposals will be
broadly enacted, the government has taken no tangible steps
toward implementing the proposals since they were presented in
May 2014.  During that time, HFF has continued to operate, even
though its market share in new lending has been low (just 8% in
2014).

Under the current arrangements, the government puts certain
restrictions on HFF's activities.  HFF can only offer indexed
loans up to Icelandic krona (ISK) 24 million (about US$180,000).
Given the rising wages and property prices in Iceland, S&P
considers that the institution is becoming increasingly
uncompetitive compared with commercial banks, which can offer
larger amounts and nonindexed loans.

Nevertheless, S&P sees HFF as having an important role for the
government of Iceland, primarily based on the consequences for
the government and the domestic capital market of a default by
HFF.  HFF's outstanding bonds amount to about 40% of Iceland's
GDP and nearly 80% are held by Icelandic pension funds.  A
default could therefore entail losses for the pension funds; S&P
do not expect the government to view this as politically
acceptable.  HFF's default could also undermine confidence in
other companies that benefit from similar guarantees by the
government.

S&P assess HFF's link with the government as integral.  S&P do
not expect it to stop being 100% state-owned.  As a state agency,
HFF is not subject to bankruptcy proceedings and is exempt from
taxation.  The government has provided support to HFF through
capital injections three times during 2010-2014, contributing a
total of more than ISK50 billion.  S&P understands that it has
budgeted for an ISK5 billion capital injection in 2015, followed
by a ISK3.2 billion contribution in 2016.  The government also
provides an ultimate, but not timely, guarantee on HFF's
outstanding debt.

Although HFF's future is still unclear, S&P expects a gradual and
orderly disbanding of the institution over several years.  S&P
anticipates that until it enacts the new housing arrangements the
government is likely to try to limit HFF's operations, aiming to
contain the ultimate fiscal cost of supporting the institution.
S&P expects the government will only inject sufficient capital to
ensure that HFF honors its obligations in a timely manner.  For
instance, even though it planned to contribute ISK3 billion in
capital in 2014, the injection was cancelled once it became
apparent that one-off items had enabled HFF to report a full-year
profit.

S&P continues to assess HFF's stand-alone credit profile (SACP)
at 'b-'.

In S&P's view, the economic risk of operating in Iceland has
reduced because S&P expects to see lower future losses.  S&P
expects new loan-loss provisions in the banking system to total
15 basis points (bps) to 20 bps of outstanding loans, excluding
loan revaluations, over the coming two years.  S&P also now
anticipates that the effects of the financial crisis that started
in 2008 on banks' credit profiles will be limited in future.
Therefore, S&P has raised its anchor -- the starting point for a
rating -- to bb+.

That said, HFF is unlikely to fully benefit from the improving
conditions.  Borrowers are prepaying their loans while HFF has
very marginal new lending activity.  The loan balance is
therefore shrinking and profitability eroding because the
proceeds from prepayments are being invested in liquid assets
that offer a lower income.  In 2014, core earnings by our
measures were -ISK1.2 billion and S&P expects further
deterioration in the next two years: S&P expects the pace of
prepayments to stay constant or even accelerate.

Reported earnings were positive, but significantly boosted by
one-off measures, such as the reversal of impairments against
claims on the estates of the failed banks and significant
positive revaluations of investment property.  Given S&P's view
that prepayments and limited new lending are long-term problems
for HFF's business operations, S&P has revised its business
position to "moderate" from "adequate."

S&P's assessment of other factors that contribute to the SACP,
such as capital and earnings (very weak) and risk position
(moderate), remain unchanged.  In S&P's view, HFF has sustained a
very low capitalization level, as measured by S&P's risk-adjusted
capital ratio.  S&P expects this ratio to be about 2% for the
next two years.  S&P factors in losses for the coming years,
offset by a reduction in HFF's balance sheet, which would have a
combined neutral effect on capital.

S&P expects that if HFF experienced a significant deterioration
in capital from the 2014 regulatory level of 4.5%, the Icelandic
government would likely provide it with capital injections; this
has occurred in previous years.  S&P also anticipates that asset
quality will continue to improve and HFF will report lower
nonperforming loans and losses in line with S&P's estimates for
the Icelandic banking system at 20bps of loans annually.  Losses
could be even lower, as both wages and house prices are likely to
increase.  This would underpin collateral values and repayment
capacity.

S&P considers HFF's funding profile as below average, based on
its reliance on the capital markets without any central bank
access.  Although HFF has not issued bonds since 2012 due to high
prepayments and low new lending, S&P considers that its ability
to access the domestic bond market remains stable despite very
high impairments and an eroding capital base.  In S&P's view,
this is mainly due to HFF's close link with the government and
the outstanding government guarantee and does not signify a
stand-alone strength.  S&P assess HFF's liquidity position as
adequate, taking into account the expected contractual cash flows
from prepayments and amortizing loans, and the cash liquidity
buffer. S&P expects that HFF would receive state support to meet
any liquidity needs, although S&P do not currently anticipate
that it will need such support.

The stable outlook reflects S&P's expectation that HFF's current
stand-alone creditworthiness remains unchanged, and that the
likelihood of the government of Iceland providing timely and
sufficient extraordinary support to HFF in the event of financial
distress remains high.  S&P do not expect to take a rating action
on HFF if S&P raises or lowers its long-term local currency
sovereign credit rating on Iceland by one notch, all else being
equal.

S&P could lower the ratings on HFF if S&P revised the SACP
downward, for example, as a result of further significant loan
losses or policy-induced write-downs without timely compensation
from the state.  S&P could also lower the ratings if it concluded
that the effects of a potential HFF default for the government
and the capital markets have reduced, which would reduce the
incentive for the government to provide timely and extraordinary
support to the institution.  This could occur, for instance, if
the volume of HFF's outstanding bonds declined markedly.

S&P could raise the rating if HFF was to significantly reinforce
its currently very weak capital adequacy, for example, through a
capital increase.



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I R E L A N D
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ANGLO IRISH: Drumm Expected to Contradict Cowen Evidence in Probe
-----------------------------------------------------------------
Sarah Bardon at The Irish Times reports that former Anglo Irish
Bank chief executive David Drumm is expected to contradict
evidence given to the banking inquiry by Brian Cowen about what
was discussed at a dinner hosted by the bank's board.

According to The Irish Times, he is understood to be ready to
accept responsibility for his role as chief executive of the
institution and to acknowledge the difficulties suffered as a
result of the banking crisis by both Anglo staff and the public.

However, he believes that Anglo Irish Bank has taken an unfair
amount of blame for the crash, The Irish Times notes.

He is also believed to be prepared to give evidence contradicting
that given by former taoiseach Brian Cowen, The Irish Times
relays.  Mr. Cowen was questioned by members earlier this month
about a dinner he attended with the board of the bank on
April 24, 2008, The Irish Times recounts.

The former taoiseach told the committee no business was discussed
and it was a purely social occasion, The Irish Times relates.

Mr. Drumm's position is understood to be that he sat beside
Mr. Cowen at the dinner, they discussed banking issues and he
asked Mr. Cowen to intervene with the National Treasury
Management Agency, The Irish Times states.

Anglo, The Irish Times says, wanted the agency to consider
increasing the level of deposits they were holding with the
banks.

In relation to the night of the bank guarantee, it is believed
that Mr. Drumm's position is that the bank was solvent at the
time, The Irish Times relates.

Mr. Drumm is understood to be prepared to dispute claims that the
banks lending was reckless, while acknowledging that in hindsight
a different approach to lending should have been taken, according
to The Irish Times.

He is also believed to be critical of the role of the regulator,
The Irish Times notes.

Mr. Drumm is scheduled to appear before the banking inquiry on
July 30, The Irish Times discloses.

                       About Anglo Irish

Anglo Irish Bank was an Irish bank headquartered in Dublin from
1964 to 2011.  It went into wind-down mode after nationalization
in 2009.  In July 2011, Anglo Irish merged with the Irish
Nationwide Building Society, with the new company being named the
Irish Bank Resolution Corporation (IBRC).

The former Irish bank sought protection from creditors under
Chapter 15 of the U.S. Bankruptcy Code on Aug. 26, 2013 (Bankr.
D. Del. Case No. 13-12159).  The former bank's Foreign
Representatives are Kieran Wallace and Eamonn Richardson.  Its
U.S. bankruptcy counsel are Mark D. Collins, Esq., and Jason M.
Madron, Esq., at Richards, Layton & Finger, P.A., in Wilmington,
Delaware.



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I T A L Y
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COGEME SOLUZIONI: First Asset Auction Scheduled for Sept. 1
-----------------------------------------------------------
CIVIL COURT OF FROSINONE
Bankruptcy Division
Arrangement with Creditors R. C.P. n. 04/2014

COGEME SOLUZIONI & TECNOLOGIA S.P.A. VOLUNTARY WINDING UP
Judge: Dr. Andrea Petteruti
Receiver: Avv. Antonello Lucchese

The company COGEME SOLUZIONI & TECNOLOGIA S.P.A. VOLUNTARY
WINDING UP and arrangement with creditors, active in the
international "business to business" market of mechanical
components -- high precision automotive branch through four
companies located in Italy, Romania, India and Brazil (this last
one not part of this auction), represented by its Receiver Avv.
Antonello Lucchese,

                    INFORMS AND NOTIFIES

that, in the operational framework of the activities aimed at the
earning anticipation, it will be proceeded with the competitive
sale of the following assets:

* Business unit entered into May 13, 2014 rent deed of Notary
   Dr. Angelo Busani, Rep. 28519 - Rec. 13433, consisting of:

     (a) Goodwill and trademark "COGEME";
     (b) software licenses, website, trademarks as well as the
         additional assets, including archives and technical
         documentation, plans, drawings, programs, certifications
         and technology in general possessed by COGEME;
     (c) machinery, specific and generic (including office
         equipment), equipment, and general and specific
         industrial and commercial equipment (including mobile
         walls, furniture and fixtures, miscellaneous minors);
     (d) cars and vehicles in general;
     (e) unsold stock (which includes raw materials, consumables,
         semi-finished products, currently underway and finished
         goods but not including low handling products)
         (generically: the "Stock");
     (f) contracts with customers and suppliers, including
         letters of offer, framework agreements, contracts and
         orders;
     (g) employment contracts as analytically and nominally
         listed in the "Data Room";
     (h) contracts for service with Cogeme Romania and Cogeme
         India;
     (i) supply contracts as electricity, natural gas, water and
         telephone services as well as insurance contracts
         pledged by COGEME and related to the business unit
         itself as well as all other possible contractual
         relationships necessary for the proper business unit
         enterprise exercise;
     (l) consultancy contracts;
     (m) 100% stake in Cogeme Set Ro, headquartered in Micesti
         Arges Country - Romania;
     (n) 79.99% stake in Cogeme Precision Parts India Private
         Limited, headquartered in Pune - India;

The current sale of the business unit does not include (as an
illustrative, yet incomplete example): Cash and cash equivalents
of Cogeme S &T Spa; "COGEME" claims of any kind under any name,
no matter the cause, the title or the origin, even if closely
related to the operations of the business unit; litigations in or
out of court (including labor ones) in progress at the date of
signing of the Act of Purchase; the stake in Cogeme
Brazil; the ownership of the factory property in which the
activity business is; machinery acquired with financial
leasing contracts; machinery acquired with funding under Law
Sabatini ITALIAN LAW n. 1329 del 28/11/1965

The whole as is fully described and specified in the DISCIPLINARY
OF THE SALE PROCEDURE OF COMPANY BUSINESS UNIT AND COMPANY
SHAREHOLDINGS COGEME SOLUZIONI & TECNOLOGIA S.P.A. IN LIQUIDATION
AND ARRANGEMENT WITH CREDITORS, available (login informations
upon request) on the website:
http://www.procedure.it/concordatocogemesetspa
through which it is possible to check any information regarding
the identification  of the assets as well as the mode of
participation in the sale and access to all other documentation
useful to evaluate the purchase bids.

Sales operations will take place in Frosinone (Italy), Via Anagni
n. 15, in the Receiver's Office (Studio Avv. Antonello Lucchese).
The first auction will be held on September, 1, 2015, at 11:00
a.m., at the starting price of EUR28,800,000 plus transaction
fees and taxes.

The second auction will take place (in case of lack of tenders
for the first auction) on September 7, 2015, at 11:00 a.m., at
the starting price of EUR23,500,000 plus transaction fees and
taxes.

In case of no bids at the second sale without auction, set for
the date of September, 7, 2015, at base price of EUR23,500,000,
the Arrangement With Creditors RCP 04/2014 Court of Frosinone -
Societa Cogeme Solutions Technology & Spa in liquidation, will
provide to transfer immediately the goods on sale in this
competitive process to the company TCH Srl, in force of the
Irrevocable Purchase Offer dated June 20, 2014, at the price of
EUR23,500,000.

It will be possible to know DISCIPLINARY OF THE SALE PROCEDURE OF
COMPANY BUSINESS UNIT AND COMPANY SHAREHOLDINGS COGEME SOLUZIONI
& TECNOLOGIA S.P.A. IN LIQUIDATION AND ARRANGEMENT WITH CREDITORS
also visiting website: www.astegiudiziarie.it
Tribunale di Frosinone - Concordato Preventivo n. 04/2014,
without asking for login credentials.

For any further information, contact:

Receiver: Avv. Antonello Lucchese, Via Anagni n. 15, 03100 -
Frosinone, using the e-mail address:
pec: concordato.cogemesetspa@procedurepec.it
e-mail: lucchese.lfmlegal@libero.it

Sales Delegate (in force of delegation dated July, 10th, 2015):
Avv. Annamaria Petricca, Via Aldo
Moro n. 87, 03100 - Frosinone, using the e-mail address:
pec: avv.annamaria.petricca@interfreepec.it
e-mail: avvocatopetricca@interfree.it

COGEME SOLUZIONI & TECNOLOGIA S.P.A.'s headquarters is located at
Frazione Pantane, Via Ferruccia n. 18, Patrica, Italy.  Its
registered office is located at Via Olivetani n. 10/12, Milan,
Italy.


ISTITUTO ITALIANO: Sept. 11 Expressions of Interest Deadline Set
----------------------------------------------------------------
CALL FOR EXPRESSION OF INTEREST FOR THE OPERATION AND
PROVISION OF SERVICES PERTAINING TO CULTURAL HERITAGE
IN THE AVAILABILITY OF THE ITALIAN INSTITUTE FOR AFRICA
AND THE ORIENT - IsIAO - IN COMPULSORY LIQUIDATION

Call for expression of interest in participation in the
restricted procedure for the concession of services aimed at the
promotion of cultural heritage in the availability of IsIAO,
through the provision of management services, services to
property and services as defined in Article 117, paragraphs 2 and
3 of Legislative Decree. 42/2004, to be performed in Rome.  The
heritage is briefly described as follows: a) the Oriental
collection, comprising the "Fondo Tucci" (the largest European
collection of Gandhara Art) and, more generally the finds of the
Italian archaeological missions in Pakistan, Iran, Afghanistan
and Nepal; b) the African collection, comprised of the
historical, artistic, ethnographic etc. artifacts pertaining to
the African Museum in Rome (formerly Colonial Museum) ; c) the
Library, which includes the previously existing libraries of the
former Institutes IIA and ISMEO.  The heritage is subject to
restraints on alienation and cannot travel outside the territory
of the Italian State.

Expressions of interest will have to be mandatorily submitted by
September 11, 2015, via registered mail, registered delivery
services or in person to: IsIAO, Istituto Italiano per l'Africa e
l'Oriente, in liquidazione coatta amministrativa, Via Ulisse
Aldrovandi 16, 00197 Roma.  Office hours are 9:00 a.m. to
2:00 p.m. Monday to Friday.

Contact information:

IsIAO, Istituto Italiano per l'Africa e l'Oriente
Via Ulisse Aldrovandi 16
00197 Roma
Telephone: 003906/32855255/222
E-mail: protocollo@isiao.it

       -- or --

Studio Legale Brancadoro Mirabile
Via Borgognona, n. 47
Telephone: 003906/85355792
E-mail infoisiao@brancadoromirabile.it



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L I T H U A N I A
=================


LITHUANIAN SHIPPING: Government Cancels Bankruptcy Procedure
------------------------------------------------------------
Xinhua News Agency reports that the Lithuanian government and the
main stakeholders of the troubled state controlled JSC Lithuanian
Shipping Company decided to cancel the bankruptcy procedure of
the company on July 24.

Lithuanian Prime Minister Algirdas Butkevicius held an
extraordinary meeting to discuss the financial situation of
Lithuanian shipping company which has seen its all five vessels
seized in foreign ports due to unpaid bills, Xinhua News relates.
Total debt of the company amounts to EUR20 million, Xinhua News
discloses.

It was decided to cancel the bankruptcy procedure initiated by
the transport ministry, the main shareholder of the company, a
day before, Xinhua News relays.

"Gradual steps are needed to allow not only solving the current
issues, but implementing an action plan in order to make
Lithuanian shipping company effective and profitable," Xinhua
News quotes Mr. Butkevicius as saying after the meeting in a
press release.

According to Xinhua News, Mr. Butkevcius said the bankruptcy of
the troubled shipper would mean substantial losses for the State.
The prime minister, as cited by Xinhua News, said the priority
should be to help the seafarers trapped in distanced ports.

During the meeting, the stakeholders decided that SEB bank, the
main creditor of the company, will provide the shipper with a
loan of EUR3 million, which will be guaranteed by Lithuanian
railways, another company controlled by the transport ministry,
Xinhua News recounts.

Financial analysts said the decision to save the company is
unworthy, deepening the losses for the State, Xinhua News notes.

Lithuanian Shipping Company JSC is a Lithuania-based shipping
company, established after the restructuring of Lietuvos Juru
Laivininkyste AB (LISCO).  The Company's main activities are dry
cargo transportation and leasing of ships.  LJL AB owns and
operates 11 vessels of different types, carrying a range of
cargoes: bulk, timber, general cargoes and containers.  The
Company's main markets are Europe, the United States, Latin and
South Americas, as well as Africa.



=====================
N E T H E R L A N D S
=====================


PENSIOENFONDS ALCATEL-LUCENT: Dutch Regulator Orders Liquidation
----------------------------------------------------------------
Maarten Van Wijk at Investment & Pensions Europe reports that the
Dutch regulator has ordered the liquidation of Pensioenfonds
Alcatel-Lucent, the company's EUR711 million local pension fund,
due to persistent underfunding at the closed scheme.

The regulator also cites the sponsor's decision in 2012 to
terminate its contract for pensions provision, IPE relays.

The pension fund should have been liquidated at the time, in
accordance with the Pensions Act; however, it elected to postpone
the liquidation after it sued its former sponsor for recovery
payments, IPE notes.

Last March, Cor Zeeman, the pension fund's chairman, said the
scheme wanted to place its assets within a new "general pension
fund", or APF, IPE recounts.

In the meantime, the introduction of the APF was postponed from
July 1, 2015 to January 1, 2016, IPE relates.

The pension fund is still awaiting the outcome of an appeal
regarding recovery payment from its former sponsor, IPE says.

At year-end, the pension fund had 4,168 participants, IPE
discloses.


===========
R U S S I A
===========


AVTOVAZBANK: Taps Promsvyazbank to Bail Out Business
----------------------------------------------------
Vladimir Kuznetsov at Bloomberg News reports that the Bank of
Russia said in a statement on its website the regulator will lend
RUR18.2 billion to Promsvyazbank to restore the financial health
Avtovazbank.

Avtovazbank is based in Togliatti.


ROSSIYSKIY KREDIT: Bank of Russia Revokes Banking License
----------------------------------------------------------
The Bank of Russia, by its Order No. OD-1774 dated July 24, 2015,
revoked the banking license of Moscow-based credit institution
OSC ROSSIYSKIY KREDIT BANK.

The Bank of Russia took such an extreme measure -- revocation of
the banking license -- due to the credit institution's failure to
comply with federal banking laws and Bank of Russia regulations,
revealed facts of considerable unreliability of reporting data
and the application of measures envisaged by the Federal Law "On
the Central Bank of the Russian Federation (Bank of Russia)"
taking into account a real threat to the creditors' and
depositors' interests.

ROSSIYSKIY KREDIT BANK implemented high-risk lending policy.
Besides, the bank presented to the Bank of Russia unreliable
financial statements which concealed the grounds for implementing
insolvency (bankruptcy) prevention measures and grounds for the
Bank of Russia to cancel the banking license.  The bank failed to
comply with supervisor's requirements to recognize assumed risks
in its financial statements.  Also, ROSSIYSKIY KREDIT BANK did
not comply with supervisor's restrictions on carrying some
banking operations.

Both management and owners of the credit institution did not take
any effective measures to bring its activities back to normal.
Due to the bad assets of the credit institution, it was
impossible to perform financial rehabilitation of ROSSIYSKIY
KREDIT BANK with the participation of the state corporation
Deposit Insurance Agency on reasonable economic terms.

The Bank of Russia, by its Order No. OD-1775 dated July 24, 2015,
appointed a provisional administration to ROSSIYSKIY KREDIT BANK
for the period until the appointment of a receiver pursuant to
the Federal Law "On the Insolvency (Bankruptcy)" or a liquidator
under Article 23.1 of the Federal Law "On Banks and Banking
Activities".  In accordance with federal laws, the powers of the
credit institution's executive bodies are suspended.

OJSC ROSSIYSKIY KREDIT BANK is a member of the deposit insurance
system.  The revocation of the banking license is an insured
event as stipulated by Federal Law No. 177-FZ "On the Insurance
of Household Deposits with Russian Banks" in respect of the
bank's retail deposit obligations, as defined by legislation.

As of July 1, 2015, OJSC ROSSIYSKIY KREDIT BANK was ranked 45th
by assets in the Russian banking system.


STROYMONTAZH JSC: Completes Liquidation Proceedings
---------------------------------------------------
The liquidation proceedings of Stroymontazh JSC, up until the end
of 2008, a leading property development and construction company
in Saint-Petersburg, Russia, have been completed.  The company
has been "struck off" the Russian Companies Register and is now
deemed wound up.

Following the liquidation proceedings, claims of the company's
creditors were satisfied at the level of 19.78% (1,234,888,432.97
Roubles of the total claims amounting to 6,240,421,524.30
Roubles).

Prior to the start of insolvency proceedings, Stroymontazh had
completed all its residential construction projects meeting all
its obligations to homeowner-to-be investors under shared-equity
schemes and restructured its debt to all but one creditor banks:
the Bank of St Petersburg, Sberbank, Alfa Bank, Baltinvestbank,
Rosbank, Credit Europa Bank, and others, while Baltiisky Bank
rejected the restructuring offer.

The company went into administration on November 25, 2009
following a court decision, Andrei Shutilov was appointed as
temporary administrator.  On October 13, 2010, the court found
Stroymontazh to be insolvent, opening winding up proceedings,
with Mr. Shutilov approved as official receiver.

An inquiry into the circumstances of the company's bankruptcy
(part of liquidation proceedings conducted by court and court
appointed insolvency practitioners) found no sign of fraudulent
activities, such as unfair (voidable) preference, asset hiding or
any other criminal conduct.  Secondary liability claims against
the former principal owners and beneficiaries of the company were
declined by court.

On April 6, 2015, the Arbitration Court of St. Petersburg and the
Leningrad Region adopted the decision to complete the liquidation
proceedings with respect to Stroymontazh.  This ruling came into
legal force in July 2015.

The Stroymontazh Corporation was a leading company on the St
Petersburg property development residential construction market
in the 2000s.  Formed in 1994, the company has built 800 000 m2
of residential and more than 60 000 m2 of commercial real estate.

In 2009, amid the financial crisis and severe liquidity shortage
in the construction sector, one of the company's creditors,
Baltiisky Bank, initiated a series of lawsuits aiming at taking
over the company's assets at liquidation value to cover overdue
loans.  The conflict prompted criminal charges against the
principal shareholder of Stroymontazh, Artur Kirilenko, which
were dropped later as the investigation found no element of
wrongdoing or misconduct in his actions.



=============
U K R A I N E
=============


UKRAINE: IMF Agrees to Disburse Second Tranche of Financial Aid
---------------------------------------------------------------
Pavel Polityuk at Reuters reports that Ukrainian President
Petro Poroshenko on July 25 said the International Monetary Fund
had decided to disburse a second tranche of financial aid worth
US$1.7 billion.

"Ukraine has received US$1.7 billion from the IMF.  This decision
was adopted [last] week," Reuters quotes Mr. Poroshenko as saying
in a televised interview.

Prime Minister Arseny Yatseniuk said last week he expected the
IMF to make a decision on the second tranche on July 31, Reuters
relates.

Ukraine has so far received US$5 billion from the International
Monetary Fund, out of an overall pledge of US$17.5 billion,
Reuters discloses.



===========================
U N I T E D   K I N G D O M
===========================


888 HOLDINGS: Moody's Assigns '(P)Ba3' Corporate Family Rating
--------------------------------------------------------------
Moody's Investors Service assigned a provisional (P)Ba3 corporate
family rating (CFR) to 888 Holdings plc (888). Concurrently,
Moody's has also assigned a (P)Ba3 rating to the USD600 million
six-year senior secured term loan and a (P)Ba3 rating to the
USD50 million five-year revolving credit facility (RCF) to be
issued by 888 and 888 Financing LLC as co-borrower. The outlook
on the ratings is stable.

888 will use proceeds from the term loan together with cash and
shares to fund the acquisition of bwin.party digital
entertainment plc (bwin.party, unrated). The RCF is expected to
be undrawn at completion. Moody's understands that a portion of
the term loan will be denominated in euro.

Moody's issues provisional ratings in advance of the final sale
of securities and these ratings reflect Moody's preliminary
credit opinion regarding the transaction only. Upon conclusive
review of the final documentation, Moody's will endeavor to
assign a definitive rating to the loans. A definitive rating may
differ from a provisional rating. The attributed ratings are
subject to a successful completion of the acquisition of
bwin.party.

RATINGS RATIONALE

The (P)Ba3 CFR rating assigned to 888 reflects (1) the highly
competitive on-line gaming industry; (2) the threat of greater
regulation and increases in gaming taxes in the countries where
the enlarged group operates; and (3) the risk associated with
integrating the underperforming bwin.party, including platform
and customer migration, business turnaround and the achievement
of significant operational efficiencies. The (P)Ba3 CFR also
reflects the group's increased exposure to the more volatile
sports betting segment, as well as to currency fluctuations given
the mismatch between the reporting currency, the revenues and the
costs.

These factors are mitigated by (1) the increased scale and
strategic fit that bwin.party will bring to the combined entity
in terms of brands, product offering and its sport betting
platform; (2) a well-diversified geographical presence; (3) a
proprietary and strong technology focus; (4) underlying positive
market growth rates; and an (5) experienced management team, with
a proven track record of successful turnaround. Pro forma gross
leverage at the end of financial year 2015 is expected to be
moderate at 3.5x, which takes into account regulatory and
taxation headwinds and currency fluctuations impacting the group
during the year. Moody's expects that it will de-leverage
steadily owing to a combination of organic growth, material cost
synergies and conservative financial policy aimed to reduce
outstanding debt, with prepayments supported by strong cash flow
generation.

On July 17, 2015, 888 announced it would acquire bwin.party for
an equity value of GBP898 million, to be paid in cash and shares.
The transaction, expected to close in Q4 2015 or early 2016, will
enhance the combined entity's business profile, through increased
scale, and a more balanced geographic footprint, while
maintaining a strong presence in the UK and Germany. The greater
scale will drive economies of scale with operational efficiencies
in the region of USD70 million by 2018, as estimated by 888
management, and will enable the group to better absorb future
regulatory headwinds. However, the integration carries a degree
of execution risk, particularly in relation to the bwin.party's
business turnaround, migration of business lines and customers
and the achievement of the aforementioned cost synergies. In the
meantime, the operating environment remains challenging, with
increases in taxation, some regulatory uncertainty, particularly
in Germany, and strong competitive pressure.

The instrument ratings (P)Ba3 for the term loan and RCF are
aligned with 888's CFR, reflecting Moody's assumption of a 50%
family recovery rate, as is customary for capital structures,
including first lien bank loans with covenant-lite documentation.
The term loan and the RCF are secured by pledges over shares and
Gibraltar assets, and benefits from guarantees representing at
least 80% of the company's consolidated EBITDA.

The company's liquidity position is good, with USD54 million
balance sheet cash at completion, the undrawn USD50 million RCF,
moderate capital expenditure requirements, typical negative
working capital and non-recurring restructuring costs. This
results in a significant build-up of cash, which Moody's expects
will be used for dividend distributions as well as debt
prepayment, in addition to USD6 million mandatory annual
amortization. The RCF has a springing covenant which is tested
when 888 draws more than 30% from the RCF and which is set with a
large headroom.

RATIONALE FOR THE STABLE OUTLOOK

The stable outlook on the ratings reflects Moody's expectations
that (1) the enlarged entity will continue to grow organically
from financial year 2015 onwards; and (2) bwin.party's
integration will be smooth with the USD70 million operational
efficiencies achieved as planned, while maintaining strong credit
metrics and satisfactory liquidity. The stable outlook also
incorporates Moody's assumption that no further materially
adverse regulations and/or taxation changes, or re-leveraging M&A
activities occur.

WHAT COULD MOVE THE RATING UP/DOWN

Whilst it is not envisaged in the near term, positive pressure on
the rating could develop over time if the combined group delivers
strong organic growth and achieves the planned cost synergies,
whilst integrating bwin.party with adjusted leverage falling
below 3.0x and Retained Cash Flow to Debt rising above 40% on a
sustainable basis. Any potential upgrade would also include an
assessment of the regulatory and tax environment.

Conversely, negative pressure could be exerted if the group's
adjusted leverage moves towards 4.0x, or if changes to financial
policies weaken the company's current good liquidity profile. The
rating could also come under pressure if the criteria applicable
to the current stable outlook were not met.

PRINCIPAL METHODOLOGIES

The principal methodology used in these ratings was Global Gaming
Industry published in June 2014. Other methodologies used include
Loss Given Default for Speculative-Grade Non-Financial Companies
in the U.S., Canada and EMEA published in June 2009.

Established in 1997 and headquartered in Gibraltar, 888 is one of
the global leading operators of online gaming. For the 12 months
to December 2014, pro forma for bwin.party's acquisition, the
group recorded revenues of USD1.1 billion and EBITDA of
approximately USD190 million. 888 has been listed on the London
Stock Exchange since October 2005. Upon completion of the
acquisition, bwin.party shareholders will own approximately 48.9%
of the issued ordinary share capital of the group.


FERGUSON FLOWERS: Direct Gets 5-Year Boardroom Disqualification
---------------------------------------------------------------
John Mulgrew at Belfast Telegraph reports that Michael Ferguson,
a former director of Lowood Developments Limited, which traded as
Ferguson Flowers, has been banned from the boardroom after
racking up debts of more than GBP160,000.

The firm was put into liquidation in May 2013, with the limited
company dissolved in January 2015, Belfast Telegraph discloses.

In June, Mr. Ferguson was disqualified as a director for a
five-year period, Belfast Telegraph relays.

According to Belfast Telegraph, Mr. Ferguson was given his
boardroom ban because of a "failure to fully co-operate with the
liquidator" as well as failing to "adequately respond to the
liquidator's queries and provide information in relation to the
operation of the business".

The Department of Enterprise, Trade and Investment -- which
issues the business disqualification orders -- accused
Mr. Ferguson of "causing and permitting the company to fail to
maintain and/or preserve and/or deliver up adequate accounting
records", Belfast Telegraph relates.

The department, as cited by Belfast Telegraph, said it "accepted
the disqualification undertaking from Michael Ferguson June 23,
2015 based on the following unfit conduct which solely for the
purposes of the disqualification procedure was not disputed".

Established forty years ago in 1975, Ferguson Flowers
International became Ireland's largest retail florist chain.  It
once boasted 15 stores including outlets in Belfast, as well and
branches in Lisburn and Newtownabbey, according to Belfast
Telegraph.

It's understood those outlets are no longer in operation, Belfast
Telegraph notes.

In 2011, Malcolm Ferguson of Ferguson Flowers International said
that harsh weather over Christmas was "the final nail in the
coffin" for the family firm as he was declared bankrupt, Belfast
Telegraph recounts.

Ferguson Flowers is a flower delivery firm based in Northern
Ireland.


GREAT HALL NO.1: Moody's Lifts Rating on GBP5.6MM Ea Notes to Ba1
-----------------------------------------------------------------
Moody's Investors Service upgraded the ratings of 14 notes in 3
UK non-conforming residential mortgage-backed securities (RMBS)
transactions: Great Hall Mortgages No. 1 Plc Series 2006-01
(Great Hall 2006-01), Great Hall Mortgages No. 1 Plc Series 2007-
01 (Great Hall 2007-01) and Great Hall Mortgages No. 1 Plc Series
2007-02 (Great Hall 2007-02).

The rating upgrades are prompted by the conclusion of the review
of the rating of the swap counterparty and the level of its
Counterparty Risk ("CR") Assessment.

RATINGS RATIONALE

The rating actions conclude the review of five notes placed on
review on April 21, 2015, after the rating review action
resulting from Moody's revised bank methodology.

Following this, the LT deposit rating of JPMorgan Chase Bank,
N.A. was upgraded to Aa2 from Aa3 and its CR Assessment was
assigned at Aa2(cr). JPMorgan Chase Bank, N.A. is the parent of
JPMorgan Chase Bank, N.A., London Branch (Aa3/(P)P-1), which acts
as the swap counterparty in the three transactions.

KEY COLLATERAL ASSUMPTIONS

The key collateral assumptions remain unchanged as part of this
review.

The performance of the underlying asset portfolios remain in line
with Moody's assumptions.

The ratings were not subject to an analysis on the sensitivity of
key collateral assumptions.

COUNTERPARTY RISK EXPOSURE AND UPDATES TO MOODY'S STRUCTURE
FINANCE RATING METHODOLOGIES

Moody's analysis considered the risks of additional losses on the
notes if they were to become unhedged following a swap
counterparty default by using the CR Assessment as reference
point for swap counterparties. As a result of the upgrade of the
rating of JPMorgan Chase Bank, N.A., and the assignment of its CR
Assessment, the exposure to the swap counterparty does not
constrain the ratings of any of the notes of the three
transactions.

Moody's incorporated the updates to its structured finance
methodologies in its analysis of the transactions affected by
today's rating actions.

Principal Methodology:

The principal methodology used in these ratings was "Moody's
Approach to Rating RMBS Using the MILAN Framework" published in
January 2015.

The analysis undertaken by Moody's at the initial assignment of
ratings for RMBS securities may focus on aspects that become less
relevant or typically remain unchanged during the surveillance
stage. Please see Moody's Approach to Rating RMBS Using the MILAN
Framework for further information on Moody's analysis at the
initial rating assignment and the on-going surveillance in RMBS.

Factors that would lead to an upgrade or downgrade of the
ratings:

Factors or circumstances that could lead to an upgrade of the
ratings include (1) performance of the underlying collateral that
is better than Moody's expected, (2) deleveraging of the capital
structure and (3) improvements in the credit quality of the
transaction counterparties.

Factors or circumstances that could lead to a downgrade of the
ratings include (1) performance of the underlying collateral that
is worse than Moody's expects, (2) deterioration in the notes'
available credit enhancement and (3) deterioration in the credit
quality of the transaction counterparties.

LIST OF AFFECTED RATINGS

Issuer: Great Hall Mortgages No. 1 Plc Series 2006-01

GBP11.5M Ca Notes, Upgraded to Aa3 (sf); previously on Apr 21,
2015 Upgraded to A1 (sf) and Remained On Review for Possible
Upgrade

EUR8M Cb Notes, Upgraded to Aa3 (sf); previously on Apr 21, 2015
Upgraded to A1 (sf) and Remained On Review for Possible Upgrade

GBP6M Da Notes, Upgraded to A2 (sf); previously on Apr 21, 2015
Upgraded to A3 (sf)

EUR11.5M Db Notes, Upgraded to A2 (sf); previously on Apr 21,
2015 Upgraded to A3 (sf)

GBP5.6M Ea Notes, Upgraded to Ba1 (sf); previously on Apr 21,
2015 Affirmed Ba2 (sf)

Issuer: Great Hall Mortgages No. 1 Plc Series 2007-01

GBP14M Ca Notes, Upgraded to Aa3 (sf); previously on Apr 21, 2015
Upgraded to A1 (sf) and Remained On Review for Possible Upgrade

EUR33.4M Cb Notes, Upgraded to Aa3 (sf); previously on Apr 21,
2015 Upgraded to A1 (sf) and Remained On Review for Possible
Upgrade

GBP19M Da Notes, Upgraded to Baa2 (sf); previously on Apr 21,
2015 Upgraded to Baa3 (sf)

EUR22.9M Db Notes, Upgraded to Baa2 (sf); previously on Apr 21,
2015 Upgraded to Baa3 (sf)

Issuer: Great Hall Mortgages No. 1 Plc Series 2007-02

GBP75.2M Ba Notes, Upgraded to Aa3 (sf); previously on Apr 21,
2015 Upgraded to A1 (sf) and Remained On Review for Possible
Upgrade

GBP9M Ca Notes, Upgraded to A1 (sf); previously on Apr 21, 2015
Upgraded to A2 (sf)

EUR42.1M Cb Notes, Upgraded to A1 (sf); previously on Apr 21,
2015 Upgraded to A2 (sf)

GBP2M Da Notes, Upgraded to Baa3 (sf); previously on Apr 21, 2015
Upgraded to Ba1 (sf)

EUR28M Db Notes, Upgraded to Baa3 (sf); previously on Apr 21,
2015 Upgraded to Ba1 (sf)


LOGISTICS UK: Moody's Assigns (P)B1 Rating to GBP61.75MM F Notes
----------------------------------------------------------------
Moody's Investors Service assigned the following provisional
ratings to the debt issuance of LOGISTICS UK 2015 PLC:

GBP312.55M A Notes, Assigned (P)Aaa (sf)

GBP67.45M B Notes, Assigned (P)Aa2 (sf)

GBP67.45M C Notes, Assigned (P)A2 (sf)

GBP60.8M D Notes, Assigned (P)Baa2 (sf)

GBP76M E Notes, Assigned (P)Ba2 (sf)

GBP61.75M F Notes, Assigned (P)B1 (sf)

Moody's does not rate Class X1 and Class X2 Certificates.

LOGISTICS UK 2015 PLC is a true sale transaction backed by a
single floating rate loan secured by 42 distribution warehouse
properties located throughout the UK. The loan was granted by
Goldman Sachs Bank USA (Goldman Sachs, A1/P-1) to refinance
existing debt. Goldman Sachs will retain GBP34 million,
representing a 5% vertical slice of the GBP680 million whole
loan. As holder of the retained loan Goldman Sachs will be
treated equally for the purposes of the finance documents as
holders of the securitized loan. However, they will have no
consent or voting rights under the loan agreement and will not be
consulted regarding any potential waivers or amendments.

RATINGS RATIONALE

The rating actions are based on (i) Moody's assessment of the
real estate quality and characteristics of the collateral, (ii)
analysis of the loan terms and (iii) the expected legal and
structural features of the transaction.

The key parameters in Moody's analysis are the default
probability of the securitized loan (both during the term and at
maturity) as well as Moody's value assessment of the collateral.
Moody's derives from these parameters a loss expectation for the
securitized loan. Moody's default risk assumptions are medium for
the securitized loan.

In Moody's view, the key strengths of the transaction include (i)
the high quality of the collateral portfolio backing the loan,
(ii) low term default risk due to the strong income profile and
high ICR levels, (iii) the strong market conditions which has
seen the distribution warehouse market experience high
occupational and investor demand, and (iv) experienced
sponsorship and asset management from Blackstone and their
logistics platform LogiCor.

Challenges in the transaction include (i) the current low yield
environment which has seen yields drop significantly below their
long term average, (ii) lack of amortization, resulting in
increased refinancing risk at loan maturity, and (iii) weak
covenants and structural features which have been set too low for
Moody's to give credit to them.

Moody's loan to value ratio (LTV) for the loan is 79.1%. Moody's
overall property grade for the portfolio is 1.7 with 55% of the
pool by market value having a grade of 1.5. Moody's property
grade is on a scale of 1 to 5, with 1 being the best and 5 the
worse.

The loan term is three years with a maturity in August 2018
unless either of the two 1-year loan extensions are utilized. In
order to obtain an extension, the borrower has to (i) deliver a
notice 30 days prior to the maturity date, (ii) not be in default
and (iii) purchase an interest rate cap with a strike rate of no
more than 4%. Moody's has assumed that both extension options
will be utilized by the borrower.

Methodology Underlying the Rating Action

The principal methodology used in this rating was Moody's
Approach to Rating EMEA CMBS Transactions published in July 2015.

Other factors used in this rating are described in European CMBS:
2014-16 Central Scenarios published in March 2014.

Moody's Parameter Sensitivity:

Moody's Parameter Sensitivities provide a quantitative/model-
indicated calculation of the number of rating notches that a
Moody's-rated structured finance security may vary if certain
input parameters used in the initial rating process differed. The
analysis assumes that the deal has not aged and is not intended
to measure how the rating of the security might migrate over
time, but rather how the initial rating of the security might
have differed if key rating input parameters were varied.

Parameter Sensitivities for the typical EMEA Single Borrower
securitization are calculated by stressing key variable inputs in
Moody's primary rating model. Moody's principal portfolio model
inputs are Moody's loan default probability (Moody's DP) and
Moody's modelling value (Moody's Model Value). In the Parameter
Sensitivity analysis, we assumed the following stressed
scenarios: Moody's Model Value decreased by -20% and -40% and
Moody's DP increased by 50% and 100%. The parameter sensitivity
outcome ranges from 0 to 6 notches for Class A, 0 to 10 notches
for Class B, 1 to 9 notches for Class C, 1 to 8 notches on Class
D, 0 to 6 notches on Class E and 0 to 4 notches on Class F.

Factors that would lead to an upgrade or downgrade of the rating:

Main factors or circumstances that could lead to a downgrade of
the ratings are (i) a decline in the property values backing the
underlying loan, (ii) an increase in the assessed default
probability driven by declining loan performance or increase in
refinancing risk, (iii) an increase in the risk to the notes
stemming from transaction counterparty exposure (most notably the
account bank, the liquidity facility provider or borrower hedging
counterparties).

Main factors or circumstances that could lead to an upgrade of
the rating are generally (i) an increase in the property values
backing the underlying loan, or (ii) a decrease in the assessed
default probability driven by improving loan performance or
decrease in refinancing risk.

The rating for the Notes addresses the expected loss posed to
investors by the legal final maturity. In Moody's opinion, the
structure allows for timely payment of interest and ultimate
payment of principal at par on, or before, the final legal
maturity date. Moody's ratings address only the credit risks
associated with the transaction; other non-credit risks have not
been addressed but may have significant effect on yield to
investors. Moody's ratings do not address the payments of Note
Excess Amounts as defined in the Offering Circular.


MANSARD MORTGAGES 2006-1: Moody's Hikes B2 Notes Rating to Caa2
---------------------------------------------------------------
Moody's Investors Service upgraded the ratings of 15 notes and
affirmed the ratings of 4 notes in three UK non-conforming
residential mortgage-backed securities ("RMBS") transactions:
Mansard Mortgages 2006-1 PLC ("Mansard 2006-1"), Mansard
Mortgages 2007-1 PLC ("Mansard 2007-1") and Marble Arch
Residential Securitisation No. 4 plc ("Marble Arch No. 4").

The rating actions are prompted by (i) the update of several of
Moody's cross-sector, primary and secondary rating methodologies
for structured finance securities, to incorporate the new
Counterparty Risk (CR) Assessment that it introduced for banks as
part of its revised bank rating methodology, (ii) completion of
rating review actions of banks and the assignment of its
Counterparty Risk Assessment to the relevant banks acting as
counterparties following the application of Moody's bank
methodology, (iii) change in key collateral assumption, (iv)
deleveraging and (v) the sufficiency of credit enhancement in
these transactions.

RATINGS RATIONALE

The rating upgrades conclude the placement on review for upgrade
of 6 rated tranches after the updates to several Moody's
structured finance rating methodologies.

The affirmations reflect Moody's view that the available credit
enhancement is sufficient to maintain the current rating on the
affected notes.

-- COUNTERPARTY RISK EXPOSURE AND UPDATES TO MOODY'S STRUCTURE
    FINANCE RATING METHODOLOGIES

The rating actions took into consideration the notes' exposure to
relevant counterparties, such as servicer, account banks or swap
providers. Moody's incorporated the updates to its structured
finance methodologies in its analysis of the transactions
affected by today's rating actions.

Moody's now matches banks' exposure in structured finance
transactions to the CR Assessment for commingling risk, and to
the bank deposit rating when analyzing set-off risk. Moody's has
introduced a recovery rate assumption of 45% for both exposures.

Moody's considered how the liquidity available in the
transactions and other mitigants support continuity of note
payments, in case of servicer default, using the CR Assessment as
a reference point for servicers or cash managers.

Moody's also assessed the default probability of each
transaction's account bank providers by referencing the bank's
deposit rating.

The ratings of the notes issued by Marble Arch No. 4 remain
capped at Aa1(sf) due to operational risk associated to possible
payment disruption. Despite the presence of back-up servicer in
the structure, the back-up arrangements are not sufficiently warm
to avoid payment disruption in case of servicer default. Acenden
Limited (NR) is the servicer and cash manager. Homeloan
Management Limited (NR) acts as the back-up servicer.

There are no swaps in Mansard 2006-1 and Mansard 2007-1. For
Marble Arch No. 4, Moody's analysis considered the risks of
additional losses on the notes if they were to become unhedged
following a swap counterparty default by using the CR Assessment
as reference point for the swap counterparty. The ratings of
Class D1a and D1c in Marble Arch No. 4 were constrained by swap
exposure.

-- KEY COLLATERAL ASSUMPTIONS

For Mansard 2006-1 and Mansard 2007-1, the lifetime loss
expectations have not been updated as part of this review. The
performance of the underlying asset portfolios remain in line
with Moody's assumptions. Moody's revised the MILAN CE assumption
to 26% in Mansard 2006-1 and Mansard 2007-1, from 35%
respectively, reflecting an updated minimum expected loss
multiple applied to the current portfolio expected loss.

The collateral performance in Marble Arch No. 4 has been better
than expected by Moody's. The cumulative losses realised since
last review in August 2014 have only slightly increased to 3.96%
from 3.86% of the original pool balance. 90+ arrears excl. other
amounts owed as per the servicer report decreased to 14.0% from
14.3% in Q3 2014. Moody's has decreased its expected loss
assumption to 6.2% from 7.0% of the original pool balance and has
decreased the MILAN CE assumption to 26% from 32% reflecting
updated portfolio characteristics.

The ratings were not subject to an analysis on the sensitivity of
key collateral assumptions.

Principal Methodology:

The principal methodology used in these ratings was "Moody's
Approach to Rating RMBS Using the MILAN Framework" published in
January 2015.

The analysis undertaken by Moody's at the initial assignment of
ratings for RMBS securities may focus on aspects that become less
relevant or typically remain unchanged during the surveillance
stage.

Factors that would lead to an upgrade or downgrade of the
ratings:

Factors or circumstances that could lead to an upgrade of the
ratings include (1) better-than-expected performance of the
underlying collateral, (2) deleveraging of the capital structure
and (3) improvements in the credit quality of the transaction
counterparties.

Factors or circumstances that could lead to a downgrade of the
ratings include (1) worse-than-expected performance of the
underlying collateral, (2) deterioration in the notes' available
credit enhancement and (3) deterioration in the credit quality of
the transaction counterparties.

LIST OF AFFECTED RATINGS

Issuer: Mansard Mortgages 2006-1 PLC

GBP217.5M A2 Notes, Upgraded to Aaa (sf); previously on Mar 20,
2015 Aa1 (sf) Placed Under Review for Possible Upgrade

GBP12.5M B1 Notes, Upgraded to A3 (sf); previously on May 23,
2014 Upgraded to B1 (sf)

GBP20M B2 Notes, Upgraded to Caa2 (sf); previously on May 23,
2014 Upgraded to Caa3 (sf)

GBP65M M1 Notes, Upgraded to Aaa (sf); previously on Mar 20, 2015
Aa2 (sf) Placed Under Review for Possible Upgrade

GBP27.5M M2 Notes, Upgraded to Aa1 (sf); previously on May 23,
2014 Upgraded to Baa1 (sf)

Issuer: Mansard Mortgages 2007-1 PLC

GBP97.5M A2a Notes, Upgraded to Aaa (sf); previously on Mar 20,
2015 Aa1 (sf) Placed Under Review for Possible Upgrade

GBP12.5M B1a Notes, Upgraded to Baa2 (sf); previously on May 23,
2014 Upgraded to B2 (sf)

GBP6.875M B2a Notes, Upgraded to B3 (sf); previously on May 23,
2014 Upgraded to Caa2 (sf)

GBP36.25M M1a Notes, Upgraded to Aaa (sf); previously on Mar 20,
2015 Aa2 (sf) Placed Under Review for Possible Upgrade

GBP14.375M M2a Notes, Upgraded to Aa1 (sf); previously on May 23,
2014 Upgraded to Baa1 (sf)

Issuer: Marble Arch Residential Securitisation No. 4 plc

GBP231M A3c Notes, Affirmed Aa1 (sf); previously on Aug 12, 2014
Affirmed Aa1 (sf)

EUR36.4M B1a Notes, Affirmed Aa1 (sf); previously on Aug 12, 2014
Upgraded to Aa1 (sf)

US$27.1M B1b Notes, Affirmed Aa1 (sf); previously on Aug 12, 2014
Upgraded to Aa1 (sf)

GBP20M B1c Notes, Affirmed Aa1 (sf); previously on Aug 12, 2014
Upgraded to Aa1 (sf)

US$43.45M C1a Notes, Upgraded to Aa1 (sf); previously on Mar 20,
2015 Aa3 (sf) Placed Under Review for Possible Upgrade

GBP15M C1c Notes, Upgraded to Aa1 (sf); previously on Mar 20,
2015 Aa3 (sf) Placed Under Review for Possible Upgrade

EUR20.7M D1a Notes, Upgraded to A3 (sf); previously on Aug 12,
2014 Upgraded to Ba2 (sf)

GBP26M D1c Notes, Upgraded to A3 (sf); previously on Aug 12, 2014
Upgraded to Ba2 (sf)

GBP25.2M E1c Notes, Upgraded to B3 (sf); previously on Aug 12,
2014 Upgraded to Caa3 (sf)


MONEY PARTNERS 3: Moody's Raises Cl. B1a Notes Rating From Ba1
--------------------------------------------------------------
Moody's Investors Service upgraded the ratings of 6 notes in 2 UK
non-conforming residential mortgage-backed securities (RMBS)
transactions: Money Partners Securities 2 Plc (MPS 2) and Money
Partners Securities 3 Plc (MPS 3).

The rating upgrades are prompted by the conclusion of the review
and the assignment of key Counterparty Risk ("CR") Assessment to
the swap counterparties in the transactions.

RATINGS RATIONALE

The rating actions conclude the placement on review for upgrade
of 6 notes due to the updates to several Moody's structured
finance rating methodologies.

The rating upgrades reflect the updates to several Moody's
structured finance rating methodologies and related updates in
the aforementioned CR Assessments.

COUNTERPARTY RISK EXPOSURE AND UPDATES TO MOODY'S STRUCTURED
FINANCE RATING METHODOLOGIES

Moody's analysis considered the risks of additional losses on the
notes if they were to become unhedged following a swap
counterparty default by using the CR Assessment as a reference
point for swap counterparties. As a result, the ratings on the
Class M2a and M2b in Money Partners Securities 2 Plc and Class
M2a, M2b, B1a and B1b in Money Partners Securities 3 Plc were
constrained due to their swap counterparty exposure.

Moody's incorporated the updates to its structured finance
methodologies in its analysis of the transactions affected by
today's rating actions.

Principal Methodology:

The principal methodology used in these ratings was "Moody's
Approach to Rating RMBS Using the MILAN Framework", published in
January 2015.

The analysis undertaken by Moody's at the initial assignment of
ratings for RMBS securities may focus on aspects that become less
relevant or typically remain unchanged during the surveillance
stage. Please see Moody's Approach to Rating RMBS Using the MILAN
Framework for further information on Moody's analysis at the
initial rating assignment and the on-going surveillance in RMBS.

Factors that would lead to an upgrade or downgrade of the
ratings:

Factors or circumstances that could lead to an upgrade of the
ratings include (1) lower sovereign risk; (2) better-than-
expected performance of the underlying collateral; (3)
deleveraging of the capital structure; and (4) improvements in
the credit quality of the transaction's counterparties.

Conversely, factors or circumstances that could lead to a
downgrade of the ratings include (1) higher sovereign risk; (2)
worse-than-expected performance of the underlying collateral; (3)
deterioration in the notes' available credit enhancement; and (4)
deterioration in the credit quality of the transaction's
counterparties.

Issuer: Money Partners Securities 2 Plc

GBP16M M2a Notes, Upgraded to A1 (sf); previously on Apr 22, 2015
Upgraded to A3 (sf) and Remained On Review for Possible Upgrade

EUR4M M2b Notes, Upgraded to A1 (sf); previously on Apr 22, 2015
Upgraded to A3 (sf) and Remained On Review for Possible Upgrade

Issuer: Money Partners Securities 3 Plc

GBP9.1M B1a Notes, Upgraded to Baa3 (sf); previously on Apr 22,
2015 Upgraded to Ba1 (sf) and Remained On Review for Possible
Upgrade

EUR9.5M B1b Notes, Upgraded to Baa3 (sf); previously on Apr 22,
2015 Upgraded to Ba1 (sf) and Remained On Review for Possible
Upgrade

GBP15.3M M2a Notes, Upgraded to A1 (sf); previously on Apr 22,
2015 Upgraded to A2 (sf) and Remained On Review for Possible
Upgrade

EUR17M M2b Notes, Upgraded to A1 (sf); previously on Apr 22, 2015
Upgraded to A2 (sf) and Remained On Review for Possible Upgrade


PFT METAL: Enters Administration Following CVA Breach
-----------------------------------------------------
Nationwide insolvency practitioners SFP has been appointed
administrators of P.F.T. Metal Products Limited, after the latter
breeched a Company Voluntary Arrangement (CVA).

Following a period trading as a sole trader, the metal fabricator
was established as a limited business in 2005, and predominantly
supplied fabricated sheet metal products to the lift industry.
The company had five employees and turned over GBP0.5 million per
annum.

After entering the CVA, the Company experienced increased
pressure from creditors together with the loss of supplier
credit.  In addition, following the insolvency of a major
customer in February 2014, the Company experienced significantly
reduced sales and severe cash flow problems which obliged the
company's director to seek help.

SFP's Simon Plant and Daniel Plant -- both licensed members of
the Insolvency Practitioners' Association -- were appointed as
Joint Administrators on June 17, 2015.

A valuation of the business and assets was completed, and a sale
of the business and assets of the Company was completed to
existing management on June 18, 2015 and all jobs were saved.

Simon Plant, Joint Administrator, said that manufacturing still
proves to be a tough sector and the appointment to this
administration demonstrates that many manufacturers are still
experiencing difficult trading: "P.F.T Metal Products Limited was
a successful and established business, with a good customer
base," says Simon Plant.

"Despite arranging a CVA, the company continued to struggle.
Thankfully however, following the restructure, a buyer of the
business and assets was found and the all employee jobs have been
saved."



===============
X X X X X X X X
===============


* BOND PRICING: For the Week July 20, 2015 to July 24, 2015
----------------------------------------------------------

Issuer             Coupon    Maturity Currency     Price
------             ------    -------- --------     -----
Grupo Isolux Corsa    6.63   4/15/2021     EUR      71.19
OTE PLC               3.50    7/9/2020     EUR      81.67
Hellenic Republic     5.80   7/14/2015     JPY      46.75
Hellenic Petroleum    8.00   5/10/2017     EUR      81.35
Hema Bondco I BV      6.25   6/15/2019     EUR      67.31
CHC Helicopter SA     9.25  10/15/2020     USD      68.55
Piraeus Group Fina    5.00   3/27/2017     EUR      34.42
Heta Asset Resolut    4.38   1/24/2017     EUR      61.49
Hellenic Republic     5.00   3/11/2019     EUR      54.63
Alpha Credit Group    3.38   6/17/2017     EUR      39.00
NBG Finance PLC       4.38   4/30/2019     EUR      33.29
Public Power Corp     5.50    5/1/2019     EUR      58.00
Hellenic Petroleum    4.63   5/16/2016     USD      69.67
Ukraine Government    9.25   7/24/2017     USD      52.38
Public Power Corp     4.75    5/1/2017     EUR      60.05
QGOG Constellation    6.25   11/9/2019     USD      68.75
Hema Bondco II BV     8.50  12/15/2019     EUR      30.17
Hellenic Petroleum    5.25    7/4/2019     EUR      56.26
Heta Asset Resolut    4.25  10/31/2016     EUR      61.98
Ajecorp BV            6.50   5/14/2022     USD      73.75
OAS Investments Gm    8.25  10/19/2019     USD      19.03
ERB Hellas PLC        4.25   6/26/2018     EUR      32.28
Russian Standard B   13.00   4/10/2020     USD      57.50
ING Groep NV          1.57                 EUR      71.24
CGG SA                1.75    1/1/2020     EUR      10.28
Privatbank CJSC Vi    9.38   9/23/2015     USD      67.00
Nordea Bank AB        0.70                 EUR      72.26
Heta Asset Resolut    2.75   5/31/2016     CHF      61.00
Far East Capital L    8.00    5/2/2018     USD      61.25
Alcatel-Lucent        4.25    7/1/2018     EUR       3.88
Ukraine Government    7.50   4/17/2023     USD      54.50
Banque Federative     1.40                 EUR      64.87
CHC Helicopter SA     9.38    6/1/2021     USD      44.97
Athens Urban Trans    4.85   9/19/2016     EUR      58.00
Ukraine Government    6.88   9/23/2015     USD      54.00
HSH Nordbank AG       0.83   2/14/2017     EUR      72.55
Metinvest BV         10.50  11/28/2017     USD      60.73
Metinvest BV          8.75   2/14/2018     USD      59.50
Avangardco Investm   10.00  10/29/2015     USD      50.75
Brunswick Rail Fin    6.50   11/1/2017     USD      58.00
Peugeot SA            4.45    1/1/2016     EUR      30.07
Hellenic Railways     4.68  10/29/2015     EUR      69.13
Hellenic Republic     4.50    7/3/2017     JPY      61.88
HSH Nordbank AG/Lu    2.31                 EUR      20.12
CGG SA                1.25    1/1/2019     EUR      26.10
Ukraine Government    4.95  10/13/2015     EUR      53.88
Banco Espirito San    7.13  11/28/2023     EUR       9.00
Banca delle Marche    0.94    6/1/2017     EUR      29.38
Bank of New York M    4.26  12/30/2099     EUR      25.65
ING Groep NV          1.17                 EUR      70.77
Ukraine Railways v    9.50   5/21/2018     USD      66.50
Takko Luxembourg 2    9.88   4/15/2019     EUR      44.67
Neopost SA            3.38                 EUR      55.89
Ukraine Government    7.75   9/23/2020     USD      53.25
Hema Bondco I BV      5.24   6/15/2019     EUR      65.16
CNP Assurances        1.25                 EUR      66.57
Hellenic Republic     5.20   7/17/2034     EUR      44.13
Indo Energy Financ    6.38   1/24/2023     USD      64.00
Bank of New York M    4.49  12/15/2050     EUR      63.73
Paragon Offshore P    6.75   7/15/2022     USD      34.13
Ukraine Government    7.80  11/28/2022     USD      55.38
Paragon Offshore P    7.25   8/15/2024     USD      33.90
Hellenic Republic     6.14   4/14/2028     EUR      50.25
Hellenic Republic     2.09   7/25/2057     EUR      18.00
Commercial Bank Pr    5.80    2/9/2016     USD      59.50
Hellenic Republic     3.80    8/8/2017     JPY      55.00
OSX 3 Leasing BV     13.00   3/20/2015     USD      31.00
WPE International    10.38   9/30/2020     USD       9.50
HSH Nordbank AG       7.25                 USD      25.11
EnQuest PLC           5.50   2/15/2022     GBP      75.00
Codere Finance Lux    8.25   6/15/2015     EUR      72.00
UKRLANDFARMING PLC   10.88   3/26/2018     USD      44.50
Oschadbank Via SSB    8.88   3/20/2018     USD      73.77
Mriya Agro Holding    9.45   4/19/2018     USD      16.00
DTEK Finance PLC      7.88    4/4/2018     USD      42.00
HSH Nordbank AG       0.79   2/14/2017     EUR      72.55
Ukraine Government    7.95   2/23/2021     USD      55.88
Oesterreichische V   10.00                 EUR       0.61
Banque Federative     0.83                 EUR      64.98
Afren PLC             6.63   12/9/2020     USD      45.00
Ukraine Government    6.25   6/17/2016     USD      53.38
Air France-KLM        2.03   2/15/2023     EUR      10.25
Heta Asset Resolut    0.06   5/31/2016     EUR      61.24
Piraeus Group Fina    1.85   7/20/2016     EUR       5.63
Hellenic Republic     5.80   7/14/2015     JPY      46.75
IMMOFINANZ AG         4.25    3/8/2018     EUR       4.47
Russian Standard B   11.50   1/17/2024     USD      47.88
Privatbank CJSC Vi   10.88   2/28/2018     USD      66.00
Nexity SA             0.63    1/1/2020     EUR      48.93
Tonon Luxembourg S   10.50   5/14/2024     USD      60.00
Faurecia              3.25    1/1/2018     EUR      38.28
Eurobank Ergasias     1.59    6/8/2017     EUR       6.89
Aegon NV              1.51                 NLG      57.26
Ukreximbank Via Cr    5.79    2/9/2016     USD      49.00
Ukraine Government    6.58  11/21/2016     USD      53.38
Ukraine Government    6.75  11/14/2017     USD      52.50
Hellenic Republic     5.25    2/1/2016     JPY      46.00
Credit Agricole SA    0.71                 EUR      67.11
Yuksel Insaat AS      9.50  11/10/2015     USD      69.50
Alcatel-Lucent        0.13   1/30/2020     EUR       4.42
DTEK Finance PLC     10.38   3/28/2018     USD      49.78
OGX Austria GmbH      8.50    6/1/2018     USD       0.00
City of Kiev Ukrai    8.00   11/6/2015     USD      51.00
Norwegian Energy C    6.50    3/6/2018     NOK      80.50
Oesterreichische V    0.84  11/28/2016     EUR      72.25
Financing of Infra    9.00   12/7/2017     USD      51.50
Rothschilds Contin    0.96                 EUR      61.79
City of Kyiv Via K    9.38   7/11/2016     USD      48.50
Banca delle Marche    1.14   6/15/2016     EUR      29.85
Virgolino de Olive   10.50   1/28/2018     USD       2.00
Far East Capital L    8.75    5/2/2020     USD      64.00
Hellenic Republic     5.00   8/22/2016     JPY      55.88
HSBC Bank PLC         0.75                 USD      63.04
Noreco Norway AS      6.50    3/6/2018     NOK      75.13
Etablissements Mau    2.75    7/1/2021     EUR       9.77
SOITEC                6.75   9/18/2018     EUR       1.57
Assystem              4.50                 EUR      27.92
Espirito Santo Fin    6.88  10/21/2019     EUR       0.03
Santander Finance     0.62                 EUR      67.96
Hellenic Railways     4.03   3/17/2017     EUR      69.13
Pescanova SA          5.13   4/20/2017     EUR       3.19
Lambay Capital Sec    6.25                 GBP       1.15
ESFIL-Espirito San    5.25   6/12/2015     EUR       0.95
Novo Banco SA         3.50    1/2/2043     EUR      75.16
Econocom Group SA/    1.50   1/15/2019     EUR      11.29
Afren PLC            11.50    2/1/2016     USD      44.39
First Ukrainian In   11.00  12/31/2018     USD      53.59
Etablissements Mau    1.63    7/1/2019     EUR      14.67
Hellenic Railways     4.50   12/6/2016     JPY      67.88
Orpea                 1.75    1/1/2020     EUR      68.71
NIBC Bank NV          0.67                 EUR      61.50
Singulus Technolog    7.75   3/23/2017     EUR      41.00
BPCE SA               1.07                 EUR      66.13
Afren PLC            10.25    4/8/2019     USD      44.50
Talvivaara Mining     4.00  12/16/2015     EUR       1.00
Caixa Terrassa Soc    1.43                 EUR      64.25
OGX Austria GmbH      8.38    4/1/2022     USD       0.00
Oesterreichische V    9.00   7/26/2018     EUR      57.25
Jyske Bank A/S        1.38                 EUR      64.37
Ekotechnika GmbH      9.75   5/10/2018     EUR       9.25
Cooperatieve Centr    0.50  11/26/2021     ZAR      55.27
Hellenic Republic     4.50   11/8/2016     JPY      55.38
HSBC Bank PLC         0.75                 USD      62.87
Phosphorus Holdco    10.00    4/1/2019     GBP       2.00
Virgolino de Olive   10.88   1/13/2020     USD      19.25
Hellenic Railways     5.01  12/27/2017     EUR      69.13
Banco Espirito San    2.64                 EUR      10.88
Capital Raising Gm    7.50                 EUR      11.11
Le Noble Age          4.88    1/3/2016     EUR      20.37
Caisse Federale du    1.17                 EUR      63.28
Pohjola Bank Oyj      0.64                 EUR      67.39
Hellenic Republic     5.25    2/1/2016     JPY      46.00
Ageasfinlux SA        1.34                 EUR      65.35
Depfa Funding II L    6.50                 EUR      57.00
Danske Bank Oyj       0.73                 EUR      65.25
Santander Internat    2.00                 USD      47.63
Mriya Agro Holding   10.95   3/30/2016     USD      13.50
Jasper Explorer PL   13.50   5/27/2016     USD       5.00
HSBC Bank PLC         0.60                 USD      63.03
Candyking Holding     5.00   1/29/2018     SEK      71.00
Renaissance Credit   13.50   5/22/2019     USD      74.13
Norshore Atlantic    12.00  12/21/2018     USD      55.36
Heta Asset Resolut    0.09   5/31/2016     EUR      60.98
Aralco Finance SA    10.13    5/7/2020     USD       6.50
Praktiker AG          5.88   2/10/2016     EUR       0.09
Koninklijke Luchtv    0.75                 CHF      35.05
APP International    11.75   10/1/2005     USD       5.24
BNP Paribas SA        0.48                 USD      62.59
Paragon Offshore P    7.25   8/15/2024     USD      33.50
Credit Mutuel Arke    1.33                 EUR      63.13
Scandinavian Airli    2.38                 CHF      30.63
Ideal Standard Int   11.75    5/1/2018     EUR      38.50
Depfa Funding III     1.35                 EUR      57.00
Norske Skogindustr    7.13  10/15/2033     USD      48.21
IKB Deutsche Indus    4.70   3/31/2017     EUR      22.01
NIBC Bank NV          2.13                 USD      68.46
ATF Capital BV       10.00                 USD      67.25
Finance and Credit    9.25   1/25/2019     USD       9.75
Bank Nadra via NDR    8.25   7/31/2018     USD       5.01
Pierre & Vacances     3.50   10/1/2019     EUR      38.35
Norske Skog Holdin    8.00   2/24/2023     USD      60.50
Piraeus Bank SA       0.93    2/9/2017     EUR      38.38
BOA Offshore AS       8.11  12/18/2018     NOK      65.00
Virgolino de Olive   11.75    2/9/2022     USD       2.00
IKB Deutsche Indus    5.63   3/31/2017     EUR      18.00
Dexia Credit Local    4.30                 EUR       8.63
Atlantic Offshore     8.88   5/16/2018     NOK      72.52
Financing of Infra    7.40   4/20/2018     USD      50.63
Popular Capital SA    1.34                 EUR      54.00
NTRP Via Interpipe   10.25    8/2/2017     USD      25.00
MS Deutschland Bet    6.88  12/18/2017     EUR      14.25
Hellenic Railways     0.25   5/24/2016     EUR      69.13
Petrol AD             8.38   1/26/2017     EUR       6.25
Societe Air France    2.75    4/1/2020     EUR      20.78
Portigon AG           7.46  12/31/2019     EUR      15.70
Corporate Commerci    8.25    8/8/2014     USD       2.44
Belfius Bank SA/NV    1.93                 FRF      69.13
Alpha Credit Group    1.70    2/1/2017     EUR       4.52
Pescanova SA          8.75   2/17/2019     EUR       3.33
Espirito Santo Fin    3.13   12/2/2018     EUR       1.00
BDT Media Automati    8.13   10/9/2017     EUR      63.00
Global PVQ SE         6.75  10/21/2015     EUR       0.94
Hellas Telecommuni    8.50  10/15/2013     EUR       0.00
Afren PLC             6.63   12/9/2020     USD      45.50
Ukraine Government    5.00  12/20/2015     USD      53.38
Hellenic Republic     5.00   8/22/2016     JPY      54.88
Heta Asset Resolut    0.76   1/24/2017     EUR      12.75
BLT Finance BV        7.50   5/15/2014     USD       5.00
Island Drilling Co    9.50    4/3/2018     USD      59.13
Astana Finance BV     7.88    6/8/2010     EUR      16.63
TAG Immobilien AG     6.50  12/10/2015     EUR      11.13
Phones4u Finance P    9.50    4/1/2018     GBP      35.88
Hellenic Republic     2.27    2/7/2022     EUR      35.85
Hellenic Bank PCL    10.00                 EUR      48.63
Alpine Holding Gmb    6.00   5/22/2017     EUR       0.00
Grupo Isolux Corsa    6.63   4/15/2021     EUR      70.50
Norske Skog Holdin    8.00   2/24/2021     EUR      67.07
Financing of Infra    8.38   11/3/2017     USD      51.13
Rothschilds Contin    0.69                 USD      53.00
Hybrid Raising Gmb    6.63                 EUR      11.00
Telecare Service H    7.03   5/23/2018     SEK      70.25
Minicentrales Dos     6.45   4/14/2028     EUR      72.88
Lloyds Bank PLC       0.69                 USD      63.32
Barclays Bank PLC     1.56                 GBP      72.92
Vseukrainsky Aktsi    9.00   6/14/2019     USD       1.89
Sydbank A/S           1.14                 EUR      64.75
Air Berlin Finance    1.50   4/11/2027     EUR      50.00
International Indu    9.00    7/6/2011     EUR       0.48
SNS Bank NV          11.25                 EUR       1.26
Laurel GmbH           7.13  11/16/2017     EUR      30.63
Takko Luxembourg 2    7.01   4/15/2019     EUR      44.50
Nexans SA             4.00    1/1/2016     EUR      55.00
Barclays Bank PLC     0.63                 USD      64.00
Windreich GmbH        6.50   7/15/2016     EUR      10.88
Hema Bondco I BV      6.25   6/15/2019     EUR      67.59
Alpha Credit Group    6.00   5/20/2017     EUR      39.50
Den Norske Creditb    0.56                 USD      63.00
Codere Finance Lux    9.25   2/15/2019     USD      72.00
Societe Alsacienne    1.63    1/1/2022     EUR      59.44
Sazka AS              9.00   7/12/2021     EUR       4.60
Barclays Bank PLC     4.40  11/29/2030     USD      76.93
Brunswick Rail Fin    6.50   11/1/2017     USD      55.75
Barclays Bank PLC     0.38  12/28/2040     EUR      65.38
GNB - Cia de Segur    3.49                 EUR      70.90
Novo Banco SA         3.50   2/19/2043     EUR      74.99
Barclays Bank PLC     0.69                 USD      63.00
Standard Chartered    0.69                 GBP      60.93
National Westminst    0.56                 USD      64.00
Lehman Brothers Tr    6.00   11/2/2035     EUR      16.25
Cirio Holding Luxe    6.25   2/16/2004     EUR       1.82
Tonon Luxembourg S   10.50   5/14/2024     USD      59.25
Hema Bondco II BV     8.50  12/15/2019     EUR      31.17
Kaupthing Bank Hf     9.00                 USD       0.13
Orco Property Grou    7.00   11/7/2019     EUR      75.75
Banco Espanol de C    0.61                 EUR      67.96
PNE Wind AG           3.75  10/10/2019     EUR       2.81
Lehman Brothers UK    5.13                 EUR       0.05
Heta Asset Resolut    1.91   9/29/2016     JPY      60.00
Ukraine Government    7.80  11/28/2022     USD      55.60
Heta Asset Resolut    4.35   11/3/2016     EUR      13.00
Codere Finance Lux    8.25   6/15/2015     EUR      71.63
Hypo Tirol Bank AG    0.50   7/23/2026     EUR      53.00
Banco Espirito San    0.16                 EUR      14.63
Nationwide Buildin    1.07                 GBP      70.00
Ajecorp BV            6.50   5/14/2022     USD      71.85
RENE LEZARD Mode G    7.25  11/25/2017     EUR      26.00
Heta Asset Resolut    4.25   5/31/2016     EUR      62.13
Kezizalog Zrt         7.75   10/1/2018     EUR       5.55
Jyske Bank A/S        0.74                 EUR      66.25
Afren PLC            10.25    4/8/2019     USD      43.88
Travel24.com AG       7.50   9/17/2017     EUR      54.00
Saphir Finance PLC    6.85                 GBP       3.08
SNS Bank NV           6.25  10/26/2020     EUR       2.46
Oesterreichische V    0.74   6/18/2018     EUR      65.63
JZ Capital Partner    6.00   7/30/2021     GBP      10.90
Barclays Bank PLC     0.63                 USD      64.00
Commerzbank Holdin    0.81                 USD      63.62
GNB - Cia de Segur    2.19  12/19/2022     EUR      74.95
Cirio Finanziaria     8.00  12/21/2005     EUR       1.55
LBI HF                6.25                 EUR       0.00
PA Resources AB      12.25    4/5/2016     NOK       4.99
Agroton Public Ltd    6.00   7/14/2019     USD      28.75
Metinvest BV         10.50  11/28/2017     USD      63.00
National Westminst    0.69                 USD      64.00
Dexia SA              4.89                 EUR      15.25
Metinvest BV          8.75   2/14/2018     USD      55.69
SeaBird Exploratio    6.00    3/3/2018     USD       N/A
Deutsche Bank AG/L    2.23   3/15/2033     USD      66.70
Cirio Del Monte NV    7.75   3/14/2005     EUR       2.81
IT Holding Finance    9.88  11/15/2012     EUR       0.22
Region of Abruzzo     0.44   11/7/2036     EUR      66.45
getgoods.de AG        7.75   10/2/2017     EUR       5.38
Espirito Santo Fin    9.75  12/19/2025     EUR       1.61
Sairgroup Finance     4.38    6/8/2006     EUR      16.50
Minicentrales Dos     4.81  11/29/2034     EUR      72.88
Mox Telecom AG        7.25   11/2/2017     EUR       2.76
Gunther Zamek Prod    7.75   5/15/2017     EUR       0.33
Pescanova SA          6.75    3/5/2015     EUR       3.49
PA Resources AB      13.50    3/3/2016     SEK       5.00
Metinvest BV         10.25   5/20/2049     USD      75.75
Talvivaara Mining     9.75    4/4/2017     EUR       0.09
Public Power Corp     5.50    5/1/2019     EUR      55.83
Lehman Brothers UK    5.75                 EUR       0.00
Strenesse AG          9.00   3/15/2017     EUR      49.00
Lehman Brothers Tr    6.00   2/15/2035     EUR      19.13
Windreich GmbH        6.50    3/1/2015     EUR      10.88
Royal Bank of Scot    0.69                 USD      63.88
Breeze Finance SA     6.71   4/19/2027     EUR      44.00
Etablissements Mau    7.13   7/31/2015     EUR      13.42
Piraeus Bank SA       0.94  12/27/2016     EUR      41.42
Ukraine Railways v    9.50   5/21/2018     USD      67.00
Societe Generale S    0.50                 USD      62.50
Lloyds Bank PLC       0.50                 USD      63.42
Ukraine Government    9.25   7/24/2017     USD      52.57
Dexia Kommunalbank    4.88  12/31/2016     EUR      20.50
AgroGeneration        8.00    4/1/2019     EUR      67.50
OAS Investments Gm    8.25  10/19/2019     USD      18.88
Sidetur Finance BV   10.00   4/20/2016     USD      13.75
EDOB Abwicklungs A    7.50    4/1/2012     EUR       0.00
Societe Generale S    1.92                 EUR      68.00
Heta Asset Resolut    5.92   2/22/2022     EUR       9.25
Standard Chartered    0.50                 USD      60.44
Virgolino de Olive   10.88   1/13/2020     USD      17.88
Alpine Holding Gmb    5.25    7/1/2015     EUR       0.00
Norske Skogindustr    7.13  10/15/2033     USD      45.00
Dannemora Mineral    11.75   3/22/2016     USD       0.67
Nordea Bank Norge     0.56                 USD      63.79
Karlie Group GmbH     6.75   6/25/2018     EUR      63.00
KPNQwest NV          10.00   3/15/2012     EUR       0.50
Mechel                8.40   5/27/2021     RUB      62.14
Kaupthing Bank Hf     6.50    2/3/2045     EUR       0.00
International Indu   11.00   2/19/2013     USD       0.40
KA Finanz AG          5.43   2/13/2024     EUR      53.50
Assystem              4.00    1/1/2017     EUR      22.24
Paragon Offshore P    6.75   7/15/2022     USD      42.50
Hellenic Railways     4.50   12/6/2016     JPY      69.13
Astana Finance BV     9.00  11/16/2011     USD      16.63
Bank Nederlandse G    0.50   7/12/2022     ZAR      52.79
Glitnir HF            6.69   6/15/2016     USD       0.02
KPNQwest NV           8.88    2/1/2008     EUR       0.50
Cirio Finance Luxe    7.50   11/3/2002     EUR       8.00
Region of Puglia I    0.53    2/6/2023     EUR      74.70
Petromena ASA         9.75   5/24/2016     NOK       1.08
Codere Finance Lux    9.25   2/15/2019     USD      71.99
Lehman Brothers Tr    7.00   5/17/2035     EUR      19.13
Kaupthing Bank Hf     7.13   5/19/2016     USD       0.00
Espirito Santo Fin    5.13   5/30/2016     EUR       1.30
BNP Paribas SA        1.62   4/30/2033     USD      69.50
Svensk Exportkredi    0.50   2/22/2022     ZAR      53.56
Ukraine Government    7.50   4/17/2023     USD      55.17
National Westminst    0.63                 USD      64.00
Lloyds Bank PLC       0.48                 USD      63.58
Afren PLC            11.50    2/1/2016     USD      44.50
More & More AG        8.13   6/11/2018     EUR      42.75
Raiffeisen Bank In    4.50   9/28/2035     EUR      65.00
Kaupthing Bank Hf     7.63   2/28/2015     USD      14.25
Public Power Corp     4.75    5/1/2017     EUR      60.14
Rena GmbH             8.25   7/11/2018     EUR       8.63
Ukraine Government    7.75   9/23/2020     USD      53.67
Oesterreichische V    9.00   7/26/2020     EUR      52.25
Novo Banco SA         3.50   3/18/2043     EUR      74.94
Barclays Bank PLC     1.18   3/21/2033     USD      65.00
Northland Resource    4.00  10/15/2020     USD       0.14
SiC Processing Gmb    7.13    3/1/2016     EUR       3.28
Heta Asset Resolut    4.63    3/4/2018     EUR      61.00
Popular Capital SA    7.00  11/25/2015     EUR      27.15
Solarworld AG         6.13   1/21/2017     EUR      30.75
Heta Asset Resolut    7.50   5/27/2024     ATS       8.88
EXER D GmbH           5.70    2/1/2016     EUR      45.00
Banco Pinto & Sott    0.95                 EUR      31.00
friedola Gebr Holz    7.25   4/11/2017     EUR      39.38
Lehman Brothers Tr    7.25   10/5/2035     EUR      19.13
Aralco Finance SA    10.13    5/7/2020     USD       4.50
Kaupthing Bank Hf     6.75                 EUR       0.00
Alliance Oil Co OJ    8.85    6/4/2021     RUB      56.21
Heta Asset Resolut    0.95   5/31/2016     EUR      59.63
KA Finanz AG          4.90   6/23/2031     EUR      64.75
Banco Espirito San    2.82                 EUR      15.67
Far East Capital L    8.00    5/2/2018     USD      64.00
Standard Chartered    0.69                 USD      61.08
Teak Holz Internat    5.00   8/31/2015     EUR      30.00
IM Skaugen SE         9.75   6/30/2016     NOK      48.98
Heta Asset Resolut    0.54  11/29/2032     EUR       9.25
Cyprus Popular Ban    1.74   5/26/2016     EUR       2.82
Virgolino de Olive   11.75    2/9/2022     USD       1.62
KPNQwest NV           7.13    6/1/2009     EUR       0.50
Heta Asset Resolut    0.45  12/18/2030     EUR       9.75
Svyaznoy Bank ZAO    12.00    8/6/2015     RUB      60.17
Dexia Kommunalbank    5.63  12/31/2017     EUR      12.00
Ukraine Government    6.88   9/23/2015     USD      54.43
OGX Austria GmbH      8.50    6/1/2018     USD       0.00
NOS SGPS SA           2.56   11/9/2019     EUR      36.88
LBI HF                6.10   8/25/2011     USD      11.50
Ukraine Government    6.25   6/17/2016     USD      53.60
Northland Resource   15.00   7/15/2019     USD       1.05
Solar Millennium A    6.50   7/15/2015     EUR      15.20
LBI HF                4.65                 EUR       0.00
DNB Bank ASA          0.56                 USD      63.08
Standard Chartered    0.59                 USD      61.13
Alpha Credit Group    1.64    3/8/2017     EUR       4.52
Credit Agricole SA    5.04                 NZD      71.00
UKRLANDFARMING PLC   10.88   3/26/2018     USD      49.02
City of Kyiv Via K    9.38   7/11/2016     USD      48.50
Kaupthing Bank Hf     5.75   10/4/2011     USD      14.25
Deutsche Bank AG      2.50   6/28/2033     USD      71.58
Svensk Exportkredi    7.00   9/26/2022     RUB      78.65
Bank of Scotland P    0.63                 USD      63.32
Golden Gate AG        6.50  10/11/2014     EUR      39.50
Depfa Funding IV L    5.03                 EUR      56.75
Teksid Aluminum Lu   11.38   7/15/2011     EUR       0.12
Den Norske Creditb    0.53                 USD      63.06
OGX Austria GmbH      8.38    4/1/2022     USD       0.02
Frey                  6.00  11/15/2022     EUR      20.01
ADLER Real Estate     6.00   6/30/2017     EUR      12.75
Abanka Vipa DD Via    1.90                 EUR       0.16
Barclays Bank PLC     1.68   4/19/2033     USD      70.70
Virgolino de Olive   10.50   1/28/2018     USD       1.83
Region of Piemont     0.21  11/27/2036     EUR      62.58
Standard Chartered    0.59                 USD      60.88
Alpine Holding Gmb    5.25   6/10/2016     EUR       0.00
BLT Finance BV       12.00   2/10/2015     USD      10.50
State of Carinthia    0.69   7/20/2017     CHF       0.20
SAG Solarstrom AG     6.25  12/14/2015     EUR      45.00
La Veggia Finance     7.13  11/14/2004     EUR       0.00
Glitnir HF            6.00    3/5/2012     GBP      14.00
Heta Asset Resolut    5.73  12/10/2021     EUR       8.00
Norske Skog Holdin    8.00   2/24/2021     EUR      67.38
Acron JSC            13.60   5/18/2021     RUB     102.00
IM Skaugen SE        10.26   4/11/2017     NOK      46.50
UniCredit Bank Aus    0.51   8/20/2033     EUR      61.50
Penell GmbH Elektr    7.75   6/10/2019     EUR      16.00
Norske Skog Holdin    8.00   2/24/2023     USD      60.50
Bulgaria Steel Fin   12.00    5/4/2013     EUR       1.00
Kaupthing Bank Hf     5.75   10/4/2011     USD      14.25
Del Monte Finance     6.63   5/24/2006     EUR       8.10
A-TEC Industries A    8.75  10/27/2014     EUR       2.00
Equity Release Fun    1.97   4/26/2038     GBP      72.50
ADLER Real Estate     6.00  12/27/2018     EUR      12.75
Indo Energy Financ    6.38   1/24/2023     USD      66.05
Societe Centrale d    9.00    7/1/2016     EUR       7.15
Rena GmbH             7.00  12/15/2015     EUR       8.63
Heta Asset Resolut    0.31   9/26/2043     EUR      61.38
Banco Pastor SA       2.39                 EUR      46.00
Financing of Infra    8.38   11/3/2017     USD      51.20
Global PVQ Netherl    1.38   4/30/2012     EUR      27.50
TradeDoubler AB       6.75  12/20/2018     SEK      72.63
Lloyds Bank PLC       1.45   4/26/2033     USD      67.50
Alpha Credit Group    2.00   4/27/2024     EUR      39.50
Global PVQ Netherl    5.75   5/26/2014     EUR      27.50
Accentro Real Esta    6.25   3/27/2019     EUR       2.51
VEB-Leasing OAO      13.09   6/23/2020     RUB     100.83
Heta Asset Resolut    1.59   6/30/2019     CHF      61.88
Kaupthing Bank Hf     3.00   2/12/2010     CHF      14.25
OL Groupe SA          7.00  12/28/2015     EUR       7.12
Credit Suisse AG/G    0.56                 USD       N/A
Mifa Mitteldeutsch    7.50   8/12/2018     EUR       3.17
CRC Breeze Finance    6.11    5/8/2016     EUR      54.38
Governo Portugues     2.75                 EUR      60.00
Deutsche Bank AG/L   11.50   8/31/2015     USD      26.25
Lloyds Bank PLC       2.42   2/22/2033     USD      67.68
Ukraine Government    7.95   2/23/2021     USD      55.84
Kaupthing Bank Hf     6.25                 EUR       0.00
Global PVQ Netherl    1.38   4/30/2012     EUR      24.00
Lehman Brothers Tr    5.00   3/18/2015     EUR      19.13
Lehman Brothers Tr    2.88   3/14/2013     CHF      16.25
Moscow United Elec   13.20   4/23/2025     RUB      61.01
UniCredit Bank Aus    0.47  12/27/2031     EUR      63.38
Club Mediterranee     6.11   11/1/2015     EUR      20.58
DEMIRE Real Estate    6.00  12/30/2018     EUR       4.55
Ukraine Government    5.00  12/20/2015     USD      53.38
Governo Portugues     3.00                 EUR      73.00
Takko Luxembourg 2    9.88   4/15/2019     EUR      45.00
Region of Molise I    0.45  12/15/2033     EUR      67.20
Privatbank CJSC Vi   10.88   2/28/2018     USD      66.50
LBI HF                7.43                 USD       0.00
GFI Informatique S    5.25    1/1/2017     EUR       6.11
LBI HF                3.00   12/7/2010     CHF       2.77
IVG Immobilien AG     5.80                 EUR       0.00
Svensk Exportkredi    0.50   4/24/2029     AUD      53.16
Lehman Brothers Tr    8.25   3/16/2035     EUR      19.13
Kaupthing Bank Hf     9.75   9/10/2015     USD      14.25
Ukraine Government    4.95  10/13/2015     EUR      54.41
Lehman Brothers Tr    5.00   2/16/2015     EUR      19.13
UniCredit Bank Aus    0.49  12/31/2031     EUR      70.13
Solarworld AG         6.38   7/13/2016     EUR      30.75
Cooperatieve Centr    0.50   7/30/2043     MXN      16.89
Seabird Exploratio    6.00  12/18/2015     USD      27.00
Barclays Bank PLC     1.95   5/31/2033     USD      67.25
Breeze Finance SA    11.75   4/19/2027     EUR       3.00
Investkredit Bank     3.55   4/12/2022     EUR      74.70
Heta Asset Resolut    4.88   9/18/2017     EUR       8.75
Italy Government I    0.72   7/31/2045     EUR      73.56
Freshwater Finance    6.06  10/17/2036     GBP      70.88
Financing of Infra    7.40   4/20/2018     USD      51.10
Piraeus Group Fina    2.25  10/27/2034     EUR       5.63
Kommunalbanken AS     0.50   5/27/2022     ZAR      53.59
Region of Abruzzo     0.28   11/7/2031     EUR      71.14
Federal Grid Co Un   13.90   7/21/2027     RUB     102.00
Kaupthing Bank Hf     6.13   10/4/2016     USD      14.25
Russian Standard B   13.00   4/10/2020     USD      59.00
Svensk Exportkredi    0.50   1/31/2022     ZAR      53.50
SMP Bank OAO         12.00   5/23/2017     RUB      60.12
Glitnir HF            3.00   6/30/2010     EUR      14.00
Heta Asset Resolut    5.27    4/7/2028     EUR       8.75
Rusfinans Bank OOO   12.00   6/30/2020     RUB      60.11
Finmek Internation    7.00   12/3/2004     EUR       0.13
CBo Territoria        6.00    1/1/2020     EUR       3.91
Barclays Bank PLC     1.44   3/28/2033     USD      70.45
Rosselkhozbank OJS   18.50   1/29/2020     RUB      64.00
Oesterreichische V    0.99   5/20/2025     EUR      18.50
Barclays Bank PLC     3.12   6/17/2033     USD      67.00
Heta Asset Resolut    0.32   8/12/2017     EUR      59.75
Solen AG              7.50    4/8/2016     EUR       1.32
Alpha Credit Group    1.50  12/18/2028     EUR      39.50
Banco Comercial Po    5.00                 EUR      62.81
Northland Resource    4.00  10/15/2020     NOK       0.14
Absolut Bank OAO     10.25   7/27/2016     RUB      60.06
Danske Bank Oyj       1.59                 EUR      72.63
Banco Espirito San   10.00   12/6/2021     EUR       9.00
Ukraine Government    6.75  11/14/2017     USD      53.55
Deutsche Morgan Gr    0.69                 USD      60.17
Kaupthing Bank Hf     5.25   7/18/2017     BGN      14.25
Oesterreichische V    5.27    2/8/2027     EUR      62.75
Lehman Brothers Tr    5.00   9/22/2014     EUR      19.13
Heta Asset Resolut    3.42   11/7/2016     EUR      61.25
Bank MIA OAO         13.75    6/6/2017     RUB      61.01
Kaupthing Bank Hf     6.13   10/4/2016     USD      14.25
Barclays Bank PLC     2.79    4/9/2028     USD      71.82
DTEK Finance PLC      7.88    4/4/2018     USD      46.00
Ukraine Government    6.58  11/21/2016     USD      53.85
TGC-2 OJSC           12.00  10/10/2018     RUB      74.10
Petromena ASA        10.85  11/19/2014     USD       1.08
Centrosolar Group     7.00   2/15/2016     EUR       2.22
Kaupthing Bank Hf     5.90                 EUR       0.13
Otkritie Holding     14.00    5/3/2018     RUB     100.30
KPNQwest NV           8.13    6/1/2009     USD       0.50
Lehman Brothers Tr    5.00   2/27/2014     EUR      19.13
Glitnir HF            1.63   3/11/2009     CHF      14.00
Oesterreichische V    6.00   3/30/2017     EUR       1.00
Lloyds Bank PLC       1.75   1/31/2033     USD      68.50
Magnit PJSC          12.10   5/11/2018     RUB      61.01
MirLand Developmen    5.50   9/30/2019     ILS      40.42
Codere Finance Lux    8.25   6/15/2015     EUR      72.00
Hamburgische Lande    0.38   1/22/2041     EUR      60.65
UniCredit Bank Aus    0.35   1/25/2031     EUR      68.38
Alpha Credit Group    0.49   2/21/2021     EUR      39.50
MirLand Developmen    3.09  12/31/2015     ILS      40.00
Bank Nederlandse G    0.50    8/9/2022     MXN      66.62
Cooperatieve Centr    0.50  10/29/2027     MXN      47.67
Raiffeisen-Holding    5.08                 EUR      74.63
Cooperatieve Centr    0.50   1/31/2033     MXN      29.94
Investkredit Bank     7.00   7/24/2022     EUR      63.69
Espirito Santo Fin    5.05  11/15/2025     EUR       2.26
BLT Finance BV        7.50   5/15/2014     USD       5.00
Atari SA              7.50   2/17/2020     EUR       0.25
Kommunekredit         0.50  12/14/2020     ZAR      64.68
Raiffeisenlandesba    5.00    7/1/2026     EUR      68.88
Credit Agricole Co    0.50   2/28/2018     RUB      73.56
Cooperatieve Centr    0.50  10/30/2043     MXN      15.25
Cooperatieve Centr    0.50  11/30/2027     MXN      47.24
SNS Bank NV           2.75                 EUR       1.26
Artea                 6.00    8/4/2019     EUR      13.95
Glitnir HF            6.33   7/28/2011     USD      14.00
Mechel                8.40    6/1/2021     RUB      61.25
Kaupthing Bank Hf     7.50    2/1/2045     USD       0.00
Far East Capital L    8.75    5/2/2020     USD      60.45
Sairgroup Finance     6.63   10/6/2010     EUR      17.88
Mechel                8.40   5/27/2021     RUB      63.00
DEIKON GmbH           1.00    7/1/2015     EUR      28.50
SNS Bank NV           6.63   5/14/2018     EUR       2.46
Kommunekredit         0.50  10/22/2019     BRL      63.02
LBI HF                2.25   2/14/2011     CHF       2.77
Europlan ZAO         12.50  10/31/2017     RUB      99.05
Russian Highways     12.40   4/22/2042     RUB      12.68
Solon SE              1.38   12/6/2012     EUR       0.33
LBI HF                3.20   5/10/2010     SKK       2.77
Municipality Finan    0.50   3/28/2018     BRL      72.86
Heta Asset Resolut    4.07   3/21/2017     EUR      61.38
Glitnir HF            3.25   8/15/2016     EUR      14.00
BKN biostrom AG       7.50    6/5/2016     EUR       1.52
Heta Asset Resolut    0.30   3/12/2043     EUR      59.50
Oesterreichische V    9.00   7/26/2019     EUR      52.38
Allied Irish Banks    5.25   3/10/2035     GBP      26.50
Svensk Exportkredi    0.50   8/28/2018     BRL      69.52
Center-Invest Comm   11.50   3/23/2016     RUB      60.04
AK BARS Bank OJSC    16.00   8/18/2016     RUB      62.00
DeltaCredit Bank      8.40  10/21/2023     RUB      58.01
Lehman Brothers Tr    7.00  11/26/2013     EUR      19.13
City of Kiev Ukrai    8.00   11/6/2015     USD      51.00
Kommunalbanken AS     0.50    3/2/2018     BRL      74.10
Hellenic Republic     3.38   7/17/2017     EUR      62.16
Credit Europe Bank   15.75   4/19/2016     RUB      61.01
Rosneft OAO           7.95  12/11/2023     RUB      90.00
Espirito Santo Fin    5.05  11/15/2025     EUR       1.30
Czerwona Torebka S    6.66   4/15/2016     PLN      69.20
Solarwatt GmbH        7.00   11/1/2015     EUR      14.50
Ideal Standard Int   11.75    5/1/2018     EUR      38.50
Heta Asset Resolut    6.94   6/10/2017     EUR      59.63
Hellenic Bank PCL    11.00                 EUR      48.63
Financing of Infra    9.00   12/7/2017     USD      51.41
Rossetti JSC         11.90    6/9/2025     RUB      60.01
Lehman Brothers Tr    6.65   8/24/2011     AUD      19.13
Alpha Credit Group    2.00    2/1/2017     EUR      39.50
Allied Irish Banks    0.75  10/24/2035     EUR      23.13
Mriya Agro Holding    9.45   4/19/2018     USD      16.00
Lehman Brothers Tr   11.00  12/20/2017     AUD       4.83
UniCredit Bank AO     6.75    9/1/2015     RUB      95.06
Kalvebod PLC          2.00    5/1/2016     DKK      60.00
Lehman Brothers Tr    5.10    5/8/2017     HKD      19.13
Accentro Real Esta    7.75   6/25/2017     EUR       3.05
Santander Finance     2.00                 EUR      32.50
NOVIKOMBANK ZAO      15.75    4/8/2016     RUB      80.01
UniCredit Bank AO     8.60   2/11/2016     RUB      60.05
Banco Espirito San    1.54   5/27/2018     EUR       9.00
Lehman Brothers Tr    4.00  10/24/2012     EUR       4.83
Lehman Brothers Tr    3.03   1/31/2015     EUR       4.83
Lehman Brothers Tr    5.25   5/26/2026     EUR       4.83
Lehman Brothers Tr    4.50    5/2/2017     EUR       4.83
Rostelecom OJSC       8.55   11/2/2017     RUB      60.01
HSBC Bank PLC         0.50   2/24/2027     NZD      58.72
AK BARS Bank OJSC    15.00   3/16/2016     RUB     100.00
MT-Energie GmbH &     8.25    4/4/2017     EUR      10.56
Lehman Brothers Tr    8.25   12/3/2015     EUR       4.83
UniCredit Bank AO     8.10  11/20/2018     RUB      58.01
Glitnir HF            4.38    2/5/2010     EUR      14.00
UniCredit Bank Aus    0.49  10/31/2031     EUR      66.63
Lehman Brothers Tr    4.00   12/2/2012     EUR       4.83
Hellas Telecommuni    8.50  10/15/2013     EUR       0.00
Montepio Holding S    5.00                 EUR      50.00
Lehman Brothers Tr    6.00  10/30/2012     EUR       4.83
Lehman Brothers Tr    1.00    5/9/2012     EUR       4.83
Province of Bresci    0.35   6/30/2036     EUR      68.20
Santander Finance     2.00                 EUR      34.38
Bashneft AO          12.00   5/19/2025     RUB      60.01
Glitnir HF            4.75  10/15/2010     USD      14.00
Bank Nederlandse G    0.50    6/7/2022     ZAR      51.77
Absolut Bank OAO     12.00   5/28/2018     RUB      99.11
RESO-Garantia OCAO   14.00   9/13/2022     RUB      61.08
Heta Asset Resolut    0.05   1/24/2017     EUR      61.38
Bank Otkritie Fina   15.50   2/28/2017     RUB     101.59
DeltaCredit Bank     10.35    5/6/2024     RUB     100.00
DEIKON GmbH           1.00  11/16/2016     EUR      26.51
DekaBank Deutsche     0.12   6/23/2034     EUR      69.39
Atari SA              0.50   9/30/2015     EUR       1.29
Heta Asset Resolut    0.14   2/17/2017     EUR      61.25
Heta Asset Resolut    0.11   1/24/2017     EUR      62.50
Oesterreichische V    1.16  10/13/2020     EUR      44.25
Mechel                8.00    2/9/2021     RUB      51.51
WPE International    10.38   9/30/2020     USD       7.88
Sovcombank ICB JSC   17.50    2/7/2019     RUB      60.29
Rossiysky Capital    13.00  11/22/2019     RUB      60.01
Ingra DD              6.13   12/6/2016     HRK      12.99
Rena Lange Holding    8.00  12/12/2017     EUR       0.80
DeltaCredit Bank     11.10   10/1/2024     RUB      60.01
Eksportfinans ASA     0.50    5/9/2030     CAD      29.00
Alpha Credit Group    6.00   4/11/2018     EUR      39.50
Svensk Exportkredi    0.50   3/15/2022     ZAR      53.22
Heta Asset Resolut    0.25   3/29/2017     EUR      61.38
City of Baile Herc    2.50  12/16/2020     RON      75.00
SU-155 KAPITAL OOO   13.25   2/23/2016     RUB      30.30
Raiffeisenbank ZAO    7.65  10/29/2018     RUB      60.01
Heta Asset Resolut    0.25   3/29/2017     EUR      61.38
Caisse Centrale du    7.00   9/10/2015     EUR      15.39
UniCredit Bank AO    10.15  10/23/2015     RUB      60.01
Svensk Exportkredi    0.50   8/25/2021     ZAR      60.21
TransFin-M OJSC      13.50    6/4/2025     RUB      63.04
Bank Otkritie Fina   15.25  10/28/2018     RUB     101.00
Ecureuil Vie Devel    0.94                 EUR      19.75
Codere Finance Lux    8.25   6/15/2015     EUR      71.63
Russian Railways J    8.20   3/21/2028     RUB      88.30
Espirito Santo Fin    5.63   7/28/2017     EUR       2.10
Heta Asset Resolut    0.25   4/22/2018     EUR      61.38
SAir Group            6.25   4/12/2005     CHF      11.50
Lehman Brothers Tr    7.50    5/2/2017     EUR       4.83
A-TEC Industries A    2.75   5/10/2014     EUR       2.00
Municipality Finan    0.50  12/14/2018     TRY      70.67
KA Finanz AG          4.44  12/20/2030     EUR      57.63
Oesterreichische V    2.15   3/25/2019     EUR      61.00
SAir Group            0.13    7/7/2005     CHF      12.00
Province of Milan     0.30  12/22/2033     EUR      70.34
Bank Nederlandse G    0.50   5/12/2021     ZAR      60.96
DF Deutsche Forfai    7.88   5/27/2020     EUR       9.98
Sviaz Bank OAO       12.25   12/9/2021     RUB     100.00
MirLand Developmen    7.21   5/31/2020     ILS      40.21
Heta Asset Resolut    0.27    4/9/2018     EUR      61.38
Bank National Fact   12.30  10/17/2016     RUB      60.32
Mriya Agro Holding   10.95   3/30/2016     USD      13.38
Rostelecom OJSC      11.70   5/20/2025     RUB      60.01
ECM Real Estate In    5.00   10/9/2011     EUR      10.38
Heta Asset Resolut    4.70    4/2/2018     EUR      59.50
Magnit PJSC          12.10   5/11/2018     RUB      61.01
Oesterreichische V    3.50   3/20/2018     EUR      72.75
Schneekoppe GmbH &    6.45   9/20/2015     EUR       5.12
Oesterreichische V    5.05    8/5/2030     EUR      20.75
Transcapitalbank J   15.00   3/15/2016     RUB      60.65
ffk environment Gm    7.25    6/1/2016     EUR       3.12
HSBC Bank PLC         0.50   9/28/2018     IDR      73.62
Alpha Credit Group    2.00  11/28/2032     EUR      39.50
Lehman Brothers Tr    1.75    2/7/2010     EUR       4.83
Kaupthing Bank Hf     7.13   5/19/2016     USD       0.00
Heta Asset Resolut    5.03   1/26/2017     EUR       8.00
Lehman Brothers Tr    6.00   3/14/2011     EUR      19.13
Municipality Finan    0.50  11/25/2020     ZAR      62.63
SAir Group            2.13   11/4/2004     CHF      11.50
Raiffeisenlandesba    4.40   4/17/2024     EUR      73.00
RSL Communications   12.00   11/1/2008     USD       1.25
UniCredit Bank Aus    0.39   1/24/2031     EUR      63.75
B&N Bank JSC         14.50    6/2/2021     RUB     100.00
A-TEC Industries A    5.75   11/2/2010     EUR       2.00
Lehman Brothers Tr    1.46   2/19/2012     JPY      19.13
CaixaBank SA          1.80                 EUR      76.25
Alpha Credit Group    6.00   7/29/2020     EUR      39.50
Russlavbank AKB ZA   12.25   7/30/2018     RUB      70.21
DeltaCredit Bank      8.45   8/30/2018     RUB      58.01
Heta Asset Resolut    4.54   9/22/2017     EUR      61.38
Raiffeisenbank ZAO   11.35   6/11/2018     RUB      60.01
MirLand Developmen    6.50   7/31/2015     ILS      48.00
Russian Bank for S   14.00   3/17/2022     RUB      63.01
Comune di Verona      0.18   12/1/2026     EUR      63.39
Russian Railways J   16.80   5/29/2035     RUB      60.01
Salvator Grundbesi    9.50  12/31/2021     EUR      11.50
SG Option Europe S    7.00    5/5/2017     EUR      76.17
CARPEVIGO AG          8.25   6/30/2016     EUR      29.50
Oesterreichische V    3.88   3/15/2022     EUR      41.00
Municipality Finan    0.50   5/31/2022     ZAR      50.90
KPNQwest NV           7.13    6/1/2009     EUR       0.50
Lehman Brothers Tr    5.00    5/2/2022     EUR       4.83
Lehman Brothers Tr    8.00  10/17/2014     EUR       4.83
LBI HF                6.10   8/25/2011     USD      11.13
Oesterreichische V    4.81    5/9/2035     EUR      17.00
Strommen Sparebank    2.52                 NOK      46.47
DeltaCredit Bank     10.55    6/5/2024     RUB      60.01
Heta Asset Resolut    5.68    7/5/2017     EUR      61.38
B&N Bank JSC         14.50    6/2/2021     RUB     100.00
Novolipetsk Steel    10.00    9/5/2022     RUB      99.70
HSBC Bank PLC         0.50   5/31/2019     IDR      68.50
Federal Grid Co Un    8.00    1/7/2028     RUB      70.01
Credit Europe Bank   11.25    9/5/2016     RUB      99.50
Barclays Bank PLC     0.50   4/24/2023     MXN      60.69
Lehman Brothers Tr   11.75    3/1/2010     EUR       4.83
Lehman Brothers Tr    8.00   2/16/2016     EUR       4.83
Lehman Brothers Tr    4.87   10/8/2013     USD       4.83
Russian Railways J   11.65    5/3/2030     RUB      60.01
Barclays Bank PLC     0.50   3/13/2023     RUB      41.41
Rosselkhozbank OJS   10.90  10/11/2022     RUB      60.21
Svensk Exportkredi    0.50   6/26/2019     TRY      65.83
Heta Asset Resolut    0.29   3/10/2018     EUR      61.38
Marine Subsea AS      9.00  12/16/2019     USD       0.50
Kristensen Germany    7.00  12/31/2015     DKK       2.00
wige MEDIA AG         6.00   3/17/2019     EUR       1.90
Bashneft AO          12.10    6/3/2025     RUB      60.01
Oesterreichische V    5.10   5/23/2022     EUR      44.00
Kommunekredit         0.50   7/30/2027     TRY      26.54
WGF Westfaelische     6.35    8/1/2017     EUR       2.06
Heta Asset Resolut    5.80   6/17/2017     EUR      61.38
Lehman Brothers Tr    8.50    7/5/2016     EUR       4.83
Glitnir HF            6.38   9/25/2012     USD      14.00
Oesterreichische V    4.00  12/14/2023     EUR      32.13
Bank J Safra Saras   11.02  12/30/2015     EUR      75.38
Heta Asset Resolut    0.05   5/31/2016     EUR      61.38
Municipality Finan    0.50    8/8/2029     NZD      56.37
Rosneft OAO           8.90    2/6/2024     RUB      94.00
Enemona AD-Kozlodu   10.00   4/28/2017     BGN       0.22
Bashneft AO          12.00    5/9/2025     RUB      60.01
Credit Suisse AG/L    1.64    6/1/2042     USD      50.57
Raiffeisen-Holding    5.10                 EUR      64.88
Deutsche Bank AG/L    0.50    3/9/2018     BRL       N/A
SAG Solarstrom AG     7.50   7/10/2017     EUR      45.00
Raiffeisen Centrob    7.25   9/26/2016     EUR      73.95
Heta Asset Resolut    0.09   3/15/2017     EUR      61.38
Heta Asset Resolut    0.30   2/10/2018     EUR      61.38
BRFkredit A/S         0.90   10/1/2044     DKK      53.97
Lehman Brothers Tr    7.60   1/31/2013     AUD       4.83
Raiffeisen Centrob    5.00   4/18/2016     EUR      74.32
Lehman Brothers Tr    6.00   3/18/2015     USD       4.83
Russian Railways J   12.40   2/28/2040     RUB      60.01
MORTGAGE AGENT AHM    8.50    9/9/2045     RUB      56.10
Bank UralSib OJSC    14.00   3/10/2017     RUB     103.30
hkw personalkonzep    8.25  11/15/2016     EUR       2.31
Heta Asset Resolut    3.90   1/24/2017     EUR      60.50
Gazprom OAO          16.30  10/21/2043     RUB      60.01
Kaupthing Bank Hf     1.80  10/20/2009     JPY      14.25
RSL Communications   10.13    3/1/2008     USD       1.25
Hypo Tirol Bank AG    0.14   3/28/2043     EUR      48.00
MirLand Developmen    8.50   8/31/2016     ILS      43.54
Svensk Exportkredi    0.50   6/20/2029     AUD      61.99
Konservenfabrik Za    8.00    4/1/2016     EUR       0.00
COFIDUR SA            0.10  12/31/2024     EUR      15.05
Gazprom Neft OAO      8.50   1/26/2021     RUB      60.39
Santander Finance     2.00                 USD      18.50
HSBC Bank PLC         0.50  10/30/2026     NZD      59.91
Transcapitalbank J   13.00   5/30/2023     RUB      60.31
Landesbank Hessen-    3.50   7/10/2015     EUR      43.80
Heta Asset Resolut    0.14   8/11/2017     EUR      61.38
Russian Railways J   17.90   9/20/2039     RUB       7.93
UTair-Finans OOO     13.00  11/13/2015     RUB      40.00
KPNQwest NV           8.88    2/1/2008     EUR       0.50
Raiffeisen Versich    5.08                 EUR      50.50
Oesterreichische V    3.09  10/15/2020     EUR      48.75
Glitnir HF            5.44  12/22/2015     USD      14.00
Oesterreichische V    4.25    9/7/2020     EUR      70.35
Pongs & Zahn AG       8.50                 EUR       0.32
Anglian Water Serv    1.02   1/26/2057     GBP      74.37
Rosselkhozbank OJS   12.50  11/27/2018     RUB     100.00
Bank Otkritie Fina   16.25    4/7/2020     RUB     101.35
Lehman Brothers Tr    7.00    6/6/2017     EUR       4.83
Glitnir HF            5.31  12/24/2012     USD      14.00
Vontobel Financial    5.40    3/3/2017     EUR      71.91
Heta Asset Resolut    0.23   5/10/2017     EUR      61.38
URALSIB Leasing Co   11.50  12/21/2017     RUB      85.00
Bank Otkritie Fina   16.00    4/7/2020     RUB     101.00
Heta Asset Resolut    0.83   5/28/2017     EUR      59.50
Investkredit Bank     0.52   3/14/2020     EUR      70.41
Province of Rovigo    0.30  12/28/2035     EUR      68.33
Municipality Finan    0.50   4/26/2022     ZAR      51.47
Municipality Finan    0.50    2/7/2018     BRL      74.24
Oesterreichische V    4.00    2/1/2021     EUR      49.25
Oesterreichische V    3.78   8/25/2033     EUR      14.13
Deutsche Bank AG/L    0.50   10/5/2021     IDR      68.97
Orient Express Ban   13.60    8/9/2018     RUB      47.00
Heta Asset Resolut    0.06   5/31/2016     EUR      61.38
Heta Asset Resolut    5.04   2/15/2023     EUR      61.38
Bank St Petersburg   15.00    9/8/2016     RUB      70.01
Oesterreichische V    4.21   1/25/2033     EUR      15.88
Societe Generale S    1.50   2/28/2033     USD      71.65
Lehman Brothers Tr    4.00   2/16/2017     EUR      16.25
Atari SA              0.10    4/1/2020     EUR       2.20
Sviaz Bank OAO       15.00    4/7/2022     RUB     100.10
RusHydro JSC         11.85    7/4/2018     RUB      60.01
Oesterreichische V    4.80    5/9/2025     EUR      30.00
Oesterreichische V    4.26   3/22/2024     EUR      32.00
Oesterreichische V    5.26    2/5/2025     EUR      32.13
HSBC Bank PLC         0.50   1/29/2027     NZD      58.92
DeltaCredit Bank      8.65    7/4/2018     RUB      59.01
Russian Post FGUP     8.70  10/18/2019     RUB      60.00
Heta Asset Resolut    0.14    2/9/2017     EUR      61.38
Heta Asset Resolut    4.40   6/20/2017     EUR      61.38
Heta Asset Resolut    0.20    7/1/2017     EUR      61.38
Oesterreichische V    1.80   5/24/2018     EUR      69.63
UBS AG/London         7.50  11/19/2015     CHF      75.36
Glitnir HF           10.00   6/28/2017     USD      14.00
Heta Asset Resolut    0.75   9/20/2017     EUR       8.88
Dolomite Capital L   12.03  12/20/2019     ZAR      54.42
Phones4u Finance P    9.50    4/1/2018     GBP      35.88
KFW                   0.25   10/6/2036     CAD      37.40
MirLand Developmen    6.00  11/30/2017     ILS      42.10
Rosselkhozbank OJS   10.90  10/13/2022     RUB     100.00
SAir Group            4.25    2/2/2007     CHF      11.75
Svensk Exportkredi    0.50   4/25/2019     BRL      63.77
SU-155 KAPITAL OOO   13.25   2/23/2016     RUB      29.00
Glitnir HF            3.00  10/31/2015     EUR      14.00
PCZ SA                9.40  11/30/2017     PLN       1.20
Emova Group           4.30    5/2/2022     EUR       5.35
HSBC Bank PLC         0.50   4/27/2027     NZD      58.07
HSBC Bank PLC         0.50   12/2/2022     AUD      72.69
Svensk Exportkredi    0.50   6/28/2022     ZAR      50.46
Glitnir HF            5.00   3/14/2012     EUR      14.00
URALSIB Leasing Co   10.25   3/21/2019     RUB      60.01
BNP Paribas SA        0.50    5/6/2021     MXN      69.75
PCZ SA                9.50   1/31/2017     PLN       2.10
Driver & Bengsch A    8.50  12/31/2027     EUR       0.01
Glitnir HF            5.25    5/2/2017     ISK      14.00
RSL Communications   10.50  11/15/2008     USD       1.25
Bulgaria Steel Fin   12.00    5/4/2013     EUR       1.00
Bank Julius Baer &    3.90  11/30/2015     CHF      60.35
JP Morgan Structur   12.00  11/24/2021     ZMW      67.55
UniCredit Bank Aus    0.53   1/22/2031     EUR      64.25
Cerruti Finance SA    6.50   7/26/2004     EUR       0.90
Rusfinans Bank OOO   11.60  11/10/2015     RUB      99.71
Societe Generale S    0.50   6/12/2023     RUB      40.09
Rusfinans Bank OOO   10.75   6/10/2019     RUB      96.48
UBS AG               14.75  12/29/2015     EUR      68.26
Republika Srpska      1.50  12/24/2025     BAM      71.02
Bosnia & Herzegovi    2.50   6/30/2023     BAM      72.10
DEIKON GmbH           1.00    7/1/2016     EUR      31.10
Lehman Brothers Tr    7.00   2/15/2012     EUR       4.83
Lehman Brothers Tr   15.00   3/30/2011     EUR       4.83
Otkritie Holding     12.50   7/26/2017     RUB      99.60
Heta Asset Resolut    0.12   7/18/2017     EUR      61.38
Heta Asset Resolut    0.30   8/21/2017     EUR      61.38
City of Predeal Ro    2.50   5/15/2026     RON      60.00
WGF Westfaelische     6.35   12/1/2016     EUR      10.50
Lehman Brothers Tr    5.00   12/6/2011     EUR       4.83
Lehman Brothers Tr    6.00    3/4/2015     USD       4.83
Lehman Brothers Tr    5.00   8/16/2017     EUR      19.13
Heta Asset Resolut    0.26    4/2/2018     EUR      52.00
DZ Bank AG Deutsch   16.00   3/29/2016     EUR      74.19
Russian Railways J   12.40   2/28/2040     RUB      60.01
Oesterreichische V    4.78    6/7/2030     EUR      20.00
Bank Nederlandse G    0.50   6/22/2021     ZAR      60.57
Landes-Hypothekenb    0.37   3/20/2043     EUR      55.82
Oesterreichische V    0.89   2/11/2019     EUR      56.88
Bank Nederlandse G    0.50   8/15/2022     ZAR      52.57
GlobexBank CJSC      12.25  12/25/2016     RUB      80.02
HSBC Bank PLC         0.50    2/5/2018     RUB      73.97
Lehman Brothers Tr    2.00   6/21/2011     EUR       4.83
Lehman Brothers Tr    8.25    2/3/2016     EUR       4.83
Lehman Brothers Tr    5.00   5/12/2011     CHF       4.83
RSL Communications    9.88  11/15/2009     USD       1.25
Lloyds Bank PLC       0.50   7/26/2028     MXN      43.95
Notenstein Privatb    8.80   7/24/2015     EUR      66.87
Vontobel Financial    5.84    9/9/2016     EUR      42.16
Windreich GmbH        6.25    3/1/2015     EUR      10.88
Pervyi Obiedineonn   17.00   9/22/2015     RUB      61.01
Oesterreichische V    2.00   4/24/2020     EUR      49.63
Sidetur Finance BV   10.00   4/20/2016     USD      11.63
Lehman Brothers Tr    4.35    8/8/2016     SGD      19.13
Lehman Brothers Tr    4.00   4/13/2011     CHF       4.83
UWC Finance          16.00   9/10/2019     RUB     100.00
Union Technologies    0.10    1/1/2020     EUR       3.30
Hellenic Republic     0.76   8/10/2019     EUR      47.60
Lehman Brothers Tr   10.00   5/22/2009     USD       4.83
Lehman Brothers Tr    5.55   3/12/2015     EUR       4.83
HSBC Bank PLC         0.50  12/29/2022     AUD      72.93
Takko Luxembourg 2    7.01   4/15/2019     EUR      43.00
Oesterreichische V    3.78   7/21/2033     EUR      14.25
UTair-Finans OOO      9.50   7/21/2016     RUB      30.12
Exane Finance         1.75   4/28/2016     EUR      47.59
Heta Asset Resolut    0.05   5/31/2016     EUR      61.38
Heta Asset Resolut    0.29   7/28/2017     EUR      61.38
Municipality Finan    0.50    5/8/2029     AUD      52.36
Kommunekredit         0.50   2/20/2020     BRL      59.94
Tatfondbank OAO      14.50   5/28/2025     RUB      60.04
Kaupthing Bank Hf     5.00    1/4/2027     SKK      14.25
World of Building     7.70   6/25/2019     RUB       5.00
Leonteq Securities    6.11    1/7/2016     EUR      50.37
Lehman Brothers Tr    5.00  11/22/2012     EUR       4.83
Kaupthing Bank Hf     3.75   2/15/2024     ISK      14.25
Raiffeisen Centrob    2.80  11/14/2016     EUR      62.87
Province of Trevis    0.28  12/31/2034     EUR      69.23
Province of Trevis    0.05  12/31/2034     EUR      66.18
Barclays Bank PLC     0.50   3/26/2021     MXN      71.77
Synergy Classic Vi    2.00    8/2/2015     USD      52.64
Severo-Zapadnaya K   11.50   9/26/2031     RUB      58.00
Republic of Srpska    1.50    6/9/2025     BAM      73.01
Northland Resource   15.00   7/15/2019     USD       1.05
Northland Resource   12.25   3/26/2016     USD       1.05
Pharmacy Chain 36.   16.00   5/23/2018     RUB     100.00
SAir Group            5.50   7/23/2003     CHF      12.00
Heta Asset Resolut    0.28   8/28/2017     EUR      61.38
Heta Asset Resolut    0.18   5/17/2017     EUR      61.38
Glitnir HF            4.75  10/15/2010     USD      14.00
Lehman Brothers Tr    3.50  10/24/2011     USD       4.83
Municipiul Timisoa    1.29   5/12/2026     RON      73.00
UBS AG               14.75  12/29/2015     EUR      74.78
Oesterreichische V    1.24    3/1/2022     EUR      34.13
Russian Bank for S    9.20   8/11/2022     RUB      60.01
HSBC Bank PLC         0.50    4/3/2023     AUD      71.84
Santander Finance     2.00                 USD      18.50
Oesterreichische V    3.50   5/23/2022     EUR      37.38
Oesterreichische V    0.99    7/3/2019     EUR      55.88
HSBC Bank PLC         0.50   7/30/2027     NZD      57.11
Cooperatieve Centr    0.50  12/29/2027     MXN      47.72
Oesterreichische V    4.20   2/22/2033     EUR      15.88
Credit Agricole Co    0.50    3/6/2023     RUB      41.81
Svensk Exportkredi    0.50   8/28/2020     TRY      58.60
Bank Julius Baer &    6.65   7/28/2015     USD      69.55
Credit Suisse AG/L   15.00   9/18/2015     USD      47.32
Lehman Brothers Tr    6.00   2/14/2012     EUR       4.83
Lehman Brothers Tr   16.80   8/21/2009     USD       4.83
Baltic Financial A   12.75   9/27/2016     RUB      99.01
HYPO NOE Gruppe Ba    2.50   3/10/2045     EUR      76.77
Southern Urals Co    10.00   2/23/2016     RUB      98.00
Glitnir HF            6.69   6/15/2016     USD       0.02
RSL Communications    9.13    3/1/2008     USD       1.25
LBI HF                3.45  12/18/2033     JPY       0.01
UTair-Finans OOO     13.00  11/13/2015     RUB      38.00
Lehman Brothers Tr   23.30   9/16/2008     USD       4.83
Lehman Brothers Tr    9.00    5/6/2011     CHF       4.83
Province of Milan     0.05  12/20/2042     EUR      53.62
SU-155 KAPITAL OOO   13.25   2/23/2016     RUB      29.90
Leonteq Securities    8.64   8/25/2015     CHF      11.97
DeltaCredit Bank     11.75   11/2/2016     RUB      99.09
Lehman Brothers Tr    4.00   2/28/2010     EUR       4.83
Russian Highways      9.75  11/29/2016     RUB      60.10
Delta-Finance OOO    10.00   1/19/2021     RUB     100.00
Credit Europe Bank   15.00   3/22/2018     RUB      70.01
Hellenic Republic     4.75   4/17/2019     EUR      58.09
Barclays Bank PLC     0.50   1/28/2033     MXN      30.39
Lehman Brothers Tr    8.28   3/26/2009     USD       4.83
Oesterreichische V    4.90   8/18/2025     EUR      61.30
Glitnir HF            3.00  11/30/2009     EUR      14.00
Lehman Brothers Tr    3.00    8/8/2017     EUR       4.83
PCZ SA                9.50   9/30/2016     PLN       2.10
Lehman Brothers Tr    5.10   6/22/2046     EUR       4.83
EFG International     6.00  11/30/2017     EUR      45.04
Zaklady Miesne Mys   11.00   7/25/2015     PLN      10.00
Lehman Brothers Tr    4.00   7/20/2012     EUR       4.83
Vneshprombank Ltd    13.00  12/13/2017     RUB     103.00
KPNQwest NV           8.88    2/1/2008     EUR       0.50
JP Morgan Structur   13.00  11/25/2024     ZMW      65.36
Oravita City Counc    2.63   6/15/2027     RON      66.00
Leonteq Securities    9.68   7/29/2015     USD      68.87
Leonteq Securities   20.00   1/26/2016     CHF      37.62
VEB-Leasing OAO       8.60    4/2/2021     RUB      96.50
LBI HF                4.40   11/3/2009     CZK       2.77
Kommunekredit         0.50   9/19/2019     BRL      63.56
HSBC Bank PLC         0.50   12/8/2026     AUD      55.77
Province of Trevis    0.18  12/31/2034     EUR      67.61
HSBC Bank PLC         0.50  12/29/2026     AUD      61.20
Bank Nederlandse G    0.50   9/20/2022     MXN      66.16
Vontobel Financial    5.60  12/29/2015     EUR      70.87
EFG International     7.20   2/25/2019     EUR      74.29
Windreich GmbH        6.75    3/1/2015     EUR      10.88
Glitnir HF            6.00    8/1/2015     ISK      14.00
Lehman Brothers Tr    7.50    8/1/2035     EUR       4.83
Kaupthing Bank Hf     7.63   2/28/2015     USD      14.25
Delta-Finance OOO    10.00  12/17/2020     RUB      60.00
Heta Asset Resolut    3.72   3/15/2017     EUR      61.38
Heta Asset Resolut    0.23   5/17/2017     EUR      61.38
SAir Group            2.75   7/30/2004     CHF      11.50
Muehl Product & Se    6.75   3/10/2005     DEM       1.73
Lehman Brothers Tr    3.86   9/21/2011     SGD      16.25
SAir Group            5.13    3/1/2003     CHF      11.00
Salvator Grundbesi    9.50                 EUR      40.00
City of Hunedoara     2.43   8/15/2026     RON      70.00
Glitnir HF            2.25   2/15/2011     EUR      14.00
Barclays Bank PLC     3.50    2/5/2016     EUR      65.54
Central European E    7.80   7/14/2015     ILS      12.80
Kaupthing Bank Hf     7.70   10/2/2011     EUR      14.25
Federal Grid Co Un   16.30   6/30/2048     RUB      60.01
SpareBank 1 Sore S    2.64                 NOK      74.35
Freshwater Finance    6.18   4/20/2035     GBP      73.38
Kommunekredit         0.50   5/11/2029     CAD      71.13
IT Holding Finance    9.88  11/15/2012     EUR       0.22
Municipality Finan    0.50   6/19/2024     ZAR      44.60
Svensk Exportkredi    0.50  12/17/2027     USD      72.07
UBS AG/London         5.00    8/6/2015     USD      52.19
UniCredit Bank AG     6.00    7/4/2016     EUR      68.13
Leonteq Securities   29.61  10/26/2017     EUR      52.20
RESO-Garantia OCAO    9.20   3/24/2023     RUB      96.91
Soyuz AKB OAO        14.50   6/11/2020     RUB      60.01
HSBC Bank PLC         0.50  10/30/2018     IDR      72.72
Svensk Exportkredi    0.50   3/28/2029     AUD      63.44
Glitnir HF            3.00    4/1/2010     CZK      14.00
Glitnir HF            3.00   10/4/2011     EUR      14.00
Kaupthing Bank Hf     7.90    2/1/2016     EUR      14.25
Kaupthing Bank Hf     0.80   2/15/2011     EUR      14.25
Lehman Brothers Tr    8.00   4/20/2009     EUR       4.83
PCZ SA               11.00  10/31/2015     PLN       1.11
JP Morgan Structur    1.55   11/6/2015     USD      67.86
Republika Srpska      1.50   5/31/2025     BAM      74.01
Lehman Brothers Tr    8.88   1/28/2011     HKD      19.13
Lehman Brothers Tr    4.10   6/10/2014     SGD      16.25
Lehman Brothers Tr    4.00    1/4/2011     USD       4.83
Zurcher Kantonalba   12.00   7/23/2015     CHF      40.98
Municipality Finan    0.50  11/21/2018     TRY      71.12
Province of Bresci    0.52  12/22/2036     EUR      67.89
Province of Teramo    0.15  12/30/2030     EUR      70.99
Dresdner Bank AG      0.65  11/19/2029     EUR      59.75
UniCredit Bank AO    10.15  10/27/2015     RUB     100.05
HSBC Bank PLC         0.50   6/28/2019     IDR      68.39
Credit Suisse AG/L    7.00  10/22/2015     CHF      68.96
EFG International     6.48   5/29/2018     EUR      59.83
Lehman Brothers Tr    0.50  12/20/2017     AUD       4.83
Barclays Bank PLC     3.50   12/7/2015     EUR      62.06
EFG International     9.10   3/23/2016     USD      69.94
Torgovyi Dom Spart   14.00    5/2/2017     RUB     100.00
Heta Asset Resolut    0.10    8/1/2017     EUR      61.38
Credit Europe Bank   11.36    6/5/2018     RUB      60.01
Interregional Dist   12.42   5/23/2025     RUB      60.01
ENEL RUSSIA PJSC     12.10   5/22/2025     RUB      60.01
Societe Generale S    0.50  12/21/2022     AUD      73.80
Barclays Bank PLC     0.50   3/19/2021     MXN      71.87
Municipality Finan    0.50   2/22/2019     IDR      70.76
Oesterreichische V    4.81   7/29/2025     EUR      61.00
Glitnir HF            6.31   7/28/2011     USD      14.00
Rinol AG              5.50  10/15/2006     DEM       0.00
Lehman Brothers Tr    3.00   9/12/2036     JPY      19.13
Kaupthing Bank Hf     4.53   4/24/2012     EUR      14.25
Lehman Brothers Tr    4.05   9/16/2008     EUR       4.83
Nutritek Internati    8.75  12/11/2008     USD       2.00
LBI HF                3.00  10/22/2015     EUR       2.77
RusHydro JSC         11.85    7/4/2018     RUB      60.01
Oesterreichische V    0.99    3/1/2021     EUR      40.13
Hypo Tirol Bank AG    0.12    6/1/2033     EUR      58.50
Oesterreichische V    0.83  10/15/2019     EUR      52.00
Phosphorus Holdco    10.00    4/1/2019     GBP       2.00
Vontobel Financial    4.95   9/11/2015     EUR      64.13
Federal Grid Co Un   16.30   4/27/2048     RUB      60.01
Leonteq Securities   21.00    3/9/2016     USD      49.61
Kaupthing Bank Hf     8.00   6/22/2011     ISK       0.00
Glitnir HF            3.75   1/15/2010     EUR      14.00
Lehman Brothers Tr    0.50  12/20/2017     AUD       4.83
Lehman Brothers Tr    5.00   4/24/2017     EUR       4.83
Lehman Brothers Tr    4.69   2/19/2017     EUR       4.83
Lehman Brothers Tr    2.00   6/28/2011     EUR       4.83
DOMO OJSC            15.00   5/11/2016     RUB      60.00
Lehman Brothers Tr    4.60    7/6/2016     EUR       4.85
UNGP-Finance OOO     10.00   4/20/2021     RUB      60.00
Metallurgical Comm   15.00    9/8/2016     RUB      99.50
Absolut Bank OAO     11.50   4/29/2020     RUB     100.00
Interregional Dist   12.42   5/23/2025     RUB      60.01
Lehman Brothers Tr    3.50   9/29/2017     EUR       4.83
Lehman Brothers Tr    3.50   9/19/2017     EUR       4.83
Lehman Brothers Tr    4.70   3/23/2016     EUR       4.83
Lehman Brothers Tr    7.59  11/22/2009     MXN      19.13
Zurcher Kantonalba    5.00   9/17/2015     CHF      49.35
Republika Srpska      9.00   9/26/2027     BAM      65.30
Lehman Brothers Tr   13.15  10/30/2008     USD       4.83
Kaupthing Bank Hf     4.95    5/6/2009     EUR      14.25
Lehman Brothers Tr    7.80   3/31/2018     USD       4.83
Lehman Brothers Tr    5.22    3/1/2024     EUR       4.83
Lehman Brothers Tr   16.00   10/8/2008     CHF       4.83
Lehman Brothers Tr    4.60   11/9/2011     EUR       4.83
City of Siret Roma    2.75    3/1/2028     RON      45.20
Lehman Brothers Tr    4.05   9/16/2008     EUR       4.83
Housing Financing     2.70    1/1/2020     ISK      69.37
Kvinesdal Spareban    2.79                 NOK      75.17
EDOB Abwicklungs A    7.50    4/1/2012     EUR       0.00
Oesterreichische V    1.52   2/19/2018     EUR      72.25
Bank Nederlandse G    0.50   9/20/2022     ZAR      52.04
Societe Generale S    0.50   5/30/2023     MXN      63.16
Oesterreichische V    3.50   1/14/2019     EUR      67.38
Svensk Exportkredi    0.50   6/29/2029     AUD      63.75
BNP Paribas SA        0.50  11/16/2032     MXN      33.09
HSBC Bank PLC         0.50   4/11/2023     MXN      65.46
Atomenergoprom JSC   11.90   6/25/2025     RUB      60.01
Leonteq Securities    8.00   12/8/2015     CHF      55.41
Leonteq Securities    8.25   11/6/2015     EUR      73.53
Lehman Brothers Tr   10.44  11/22/2008     CHF       4.83
Lehman Brothers Tr    0.50  12/20/2017     AUD       4.83
Glitnir HF            6.33   7/28/2011     USD      14.00
Lehman Brothers Tr    0.50    6/2/2020     EUR       4.83
Avangard-Agro OOO    12.00  10/10/2017     RUB      60.00
Razgulyai-Finans O   11.30   10/3/2018     RUB      98.30
Svensk Exportkredi    0.50   8/29/2029     AUD      64.19
Mobile TeleSystems    5.00   6/29/2021     RUB      64.38
HSBC Bank PLC         0.50   5/29/2020     IDR      62.65
Societe Generale S    0.50    4/3/2023     RUB      41.25
Glitnir HF            3.30   8/22/2012     EUR      14.00
Kaupthing Bank Hf     4.50   1/17/2011     EUR      14.25
Barclays Bank PLC     2.50    3/7/2017     EUR      51.75
Bank Julius Baer &    9.75  11/13/2015     USD      60.65
Banque Cantonale V   17.75  11/17/2015     CHF      45.66
Republika Srpska      1.50   9/25/2026     BAM      68.51
Oesterreichische V    5.45    8/2/2019     EUR      72.70
Republika Srpska      1.50  12/15/2023     BAM      71.80
Republika Srpska      1.50  12/22/2023     BAM      72.54
Lehman Brothers Tr   10.00    1/3/2012     BRL       4.83
Lehman Brothers Tr    4.00   7/27/2011     EUR       4.83
Lehman Brothers Tr    2.75  10/28/2009     EUR       4.83
Western High-Speed    9.15    2/6/2032     RUB      58.01
Sviaz Bank OAO       11.40   4/13/2022     RUB      99.30
Societe Generale E    2.50   10/7/2016     EUR      59.27
LBI HF                6.00    6/6/2017     EUR       2.77
RusHydro JSC         11.85    7/4/2018     RUB      60.01
Drangedal Spareban    2.61                 NOK      72.20
Gjerstad Sparebank    2.72                 NOK      76.07
LBI HF                4.34  12/22/2025     EUR       2.77
LBI HF                2.75   3/16/2011     EUR       2.77
BNP Paribas SA        6.30   5/28/2021     RUB      74.44
Oesterreichische V    1.75    9/9/2020     EUR      45.50
Leasing-Experts SA    9.00   9/17/2016     PLN      70.00
Notenstein Finance   15.00  10/20/2015     USD      70.49
Credit Suisse AG/N    8.00  10/29/2015     CHF      70.10
Bank Julius Baer &    6.50   7/16/2015     CHF      71.25
PCZ SA               10.00   4/15/2016     PLN       2.10
Leonteq Securities    7.55    3/9/2016     USD      64.74
Ashinskiy metallur   16.80   6/17/2024     RUB      65.11
Powszechne Towarzy    6.66   11/8/2015     PLN       6.00
Leonteq Securities   11.80   2/17/2016     USD      66.68
DOMO OJSC            15.00   5/11/2016     RUB      60.15
Heta Asset Resolut    0.28    3/4/2018     EUR      61.38
Societe Generale S    0.50   4/30/2023     RUB      40.71
Lehman Brothers Tr    7.55  12/29/2008     USD       4.83
Glitnir HF            3.45   8/22/2010     CZK      14.00
Lehman Brothers Tr    4.50  12/30/2010     USD       4.83
Glitnir HF            4.01    7/6/2009     HKD      14.00
Kaupthing Bank Hf     6.40  12/15/2015     EUR      14.25
Glitnir HF            4.85   4/26/2012     EUR      14.00
Lehman Brothers Tr    3.00   8/15/2017     EUR       4.83
Lehman Brothers Tr    4.50   7/24/2014     EUR       4.83
Lehman Brothers Tr    5.00  10/24/2008     CHF       4.83
LBI HF                7.20   4/27/2026     EUR       0.01
Glitnir HF            5.86   7/28/2016     GBP      14.00
Lehman Brothers Tr    7.00   9/20/2011     USD       4.83
UBS AG/London         6.50   11/5/2015     USD      66.91
UBS AG                8.91   9/28/2015     USD      39.61
Lehman Brothers Tr    7.39    5/4/2017     USD       4.83
SV Patrimonia         4.00   4/19/2016     EUR      50.01
Kaupthing Bank Hf     4.90   5/29/2017     EUR      14.25
Lehman Brothers Tr    9.50    4/1/2018     USD       4.83
Lehman Brothers Tr    6.00   2/19/2023     USD       4.83
Lehman Brothers Tr    3.00   6/23/2009     EUR      19.13
Lehman Brothers Tr    2.50   11/9/2011     CHF       4.83
Glitnir HF            6.00  12/15/2012     GBP      14.00
ECM Real Estate In    5.00   10/9/2011     EUR      10.38
Lehman Brothers Tr    7.60   5/21/2013     USD       4.83
JP Morgan Structur   14.00  11/23/2029     ZMW      64.99
Credit Suisse AG/L    8.00   6/11/2020     USD       9.75
Oberoesterreichisc    0.30   4/25/2042     EUR      52.75
LBI HF                8.65    5/1/2011     ISK       2.77
LBI HF                5.08    3/1/2013     ISK       2.77
Oesterreichische V    5.25  12/20/2022     EUR      41.38
LBI HF                4.38  10/20/2008     EUR       2.77
LBI HF                3.11  11/10/2008     EUR       2.77
LBI HF                2.22  10/15/2019     JPY       2.77
Nesset Sparebank      2.80                 NOK      59.46
LBI HF                7.75   2/22/2016     USD       2.77
Oesterreichische V    1.55   5/18/2020     EUR      49.13
BNP Paribas SA        0.50   2/13/2024     NZD      67.99
Municipality Finan    0.50   7/30/2029     AUD      63.92
Bamble Sparebank      2.68                 NOK      57.79
Oesterreichische V    5.50   8/26/2025     EUR      31.50
LBI HF                6.75   8/18/2015     EUR       2.77
Oesterreichische V    1.32    2/8/2019     EUR      60.75
BNP Paribas SA        6.64   4/26/2021     RUB      76.08
Waste Management N   18.30   6/15/2022     RUB     100.00
Landesbank Hessen-    4.80   8/21/2015     EUR      62.10
Lehman Brothers Tr    4.20   12/3/2008     HKD       4.83
Credit Suisse AG/N    7.00  10/29/2015     CHF      67.34
UBS AG               24.75   9/25/2015     EUR      54.66
Leonteq Securities   12.20   7/22/2015     EUR      72.05
Credit Suisse AG/N    8.13   7/15/2015     CHF      62.87
UBS AG/London         5.50  10/29/2015     USD      67.88
Bank Julius Baer &   10.50   10/9/2015     USD      68.85
Leonteq Securities   12.10  10/22/2015     USD      35.95
Credit Suisse AG/N    8.25   9/14/2015     CHF      65.83
Glitnir HF            6.00  12/10/2009     ISK       0.02
Lehman Brothers Tr    7.00   2/15/2010     CHF       4.83
Lehman Brothers Tr    0.50  12/20/2017     AUD       4.83
Lehman Brothers Tr    4.90   7/28/2020     EUR       4.83
Lehman Brothers Tr   13.50  11/28/2008     USD       4.83
National Capital J   11.50   3/18/2016     RUB     100.02
SAir Group            6.25  10/27/2002     CHF      12.25
TransFin-M OJSC      14.00   2/21/2017     RUB     100.00
Kommunalbanken AS     0.50   11/8/2018     BRL      69.34
Kommunalbanken AS     0.50   2/23/2018     BRL      73.78
Lehman Brothers Tr    4.50    3/7/2015     EUR       4.83
PCZ SA                9.40   6/30/2017     PLN       1.20
Lehman Brothers Tr    9.75   6/22/2018     USD       4.83
Deutsche Bank AG      5.20   6/21/2016     EUR      68.90
LBI HF                5.25    6/5/2023     EUR       2.77
Sparebanken Din       2.52                 NOK      74.63
Ofoten Sparebank      2.50                 NOK      72.02
Municipality Finan    0.25   6/28/2040     CAD      28.99
Barclays Bank PLC     2.33    1/2/2041     USD      73.58
Oesterreichische V    6.60    5/6/2023     EUR      44.13
e-Kancelaria Grupa    8.07   9/15/2016     PLN       1.00
UniCredit Bank AG     4.10   6/24/2016     EUR      77.57
Mortgage Agent AHM    9.00  11/20/2042     RUB      51.10
LBBW                  3.60   6/23/2017     EUR      76.64
DZ Bank AG Deutsch    5.00   7/24/2015     EUR      43.40
Deutsche Bank AG      6.20  12/22/2015     EUR      55.50
Banque Cantonale V    9.03   7/23/2015     CAD      50.93
DZ Bank AG Deutsch    4.80  12/23/2015     EUR      63.42
UBS AG               12.25  12/29/2015     EUR      73.53
UBS AG               24.75   9/25/2015     EUR      71.80
UBS AG               23.25   9/25/2015     EUR      72.53
Glitnir HF            5.25  10/23/2011     ISK      14.00
Lehman Brothers Tr    0.50  12/20/2017     AUD      16.25
Lehman Brothers Tr    4.10   5/20/2009     USD       4.83
Vnesheconombank       2.00   6/18/2021     RUB      57.25
BNP Paribas SA        0.50   9/29/2029     AUD      50.55
e-Kancelaria Grupa    8.00  10/17/2016     PLN       3.00
Lehman Brothers Tr    6.85  12/22/2008     EUR       4.83
Lehman Brothers Tr    7.60   3/26/2009     EUR       4.83
Lehman Brothers Tr   12.00   7/13/2037     JPY       4.83
Lehman Brothers Tr   10.00   6/11/2038     JPY       4.83
Glitnir HF            0.01    8/3/2009     JPY      14.00
Kaupthing Bank Hf     5.80    9/7/2012     EUR      14.25
Lehman Brothers Tr    6.00   12/6/2016     USD       4.83
Lehman Brothers Tr    7.00   7/11/2010     EUR       4.83
Lehman Brothers Tr    6.00   7/28/2010     EUR       4.83
Lehman Brothers Tr    6.00   7/28/2010     EUR       4.83
Lehman Brothers Tr    6.00   6/21/2011     EUR       4.83
Fonciere Volta SA     4.50   7/30/2020     EUR       2.45
Lehman Brothers Tr    4.15   8/25/2020     EUR       4.83
Glitnir HF            3.25   9/15/2015     EUR      14.00
Lehman Brothers Tr    5.00    8/1/2025     EUR       4.83
Lehman Brothers Tr    0.75   3/29/2012     EUR       4.83
Glitnir HF            3.30   6/10/2010     EUR      14.00
Glitnir HF            5.35   5/11/2010     USD      14.00
Kaupthing Bank Hf     0.95  10/20/2010     JPY      14.25
Glitnir HF            6.75   3/27/2013     EUR      14.00
Diversified Financ    2.18   7/27/2016     EUR      62.36
Lehman Brothers Tr    6.50   5/16/2015     EUR       4.83
Glitnir HF            2.75   3/31/2010     EUR      14.00
Lehman Brothers Tr    2.00  11/16/2009     EUR       4.83
Lehman Brothers Tr   10.00    1/4/2010     USD       4.83
Kaupthing Bank Hf     7.90   4/28/2016     EUR      14.25
Glitnir HF            2.57  12/31/2013     EUR      14.00
Lehman Brothers Tr    0.50   2/16/2009     EUR       4.83
Lehman Brothers Tr    4.25   3/13/2021     EUR       4.83
Glitnir HF            4.85    4/6/2012     EUR      14.00
Kaupthing Bank Hf     5.40   3/22/2014     ISK       0.00
Glitnir HF            0.01    5/6/2009     JPY      14.00
Glitnir HF            4.50    1/9/2012     EUR      14.00
Lehman Brothers Tr    4.70   3/23/2016     EUR       4.83
Glitnir HF            3.63    4/5/2009     EUR      14.00
Lehman Brothers Tr    3.70    6/6/2009     EUR       4.83
Lehman Brothers Tr   11.00  12/19/2011     USD       4.83
Lehman Brothers Tr    9.00   6/13/2009     USD       4.83
Lehman Brothers Tr    9.00   3/17/2009     GBP       4.83
Lehman Brothers Tr    7.00  11/28/2008     CHF       4.83
Lehman Brothers Tr   10.50    8/9/2010     EUR       4.83
Lehman Brothers Tr    8.00   5/22/2009     USD       4.83
Lehman Brothers Tr    2.50  12/15/2011     GBP       4.83
Lehman Brothers Tr    4.00  11/24/2016     EUR       4.83
Lehman Brothers Tr   10.00   3/27/2009     USD       4.83
Lehman Brothers Tr    7.00   4/14/2009     EUR       4.83
Lehman Brothers Tr    0.25   7/21/2014     EUR       4.83
Lehman Brothers Tr    4.95  10/25/2036     EUR       4.83
Lehman Brothers Tr   11.00   6/29/2009     EUR       4.83
Lehman Brothers Tr    8.00    8/3/2009     USD       4.83
Lehman Brothers Tr    5.50   6/15/2009     CHF       4.83
Lehman Brothers Tr    1.50  10/25/2011     EUR       4.83
Lehman Brothers Tr    8.50    7/6/2009     CHF       4.83
Lehman Brothers Tr    6.50   7/24/2026     EUR       4.83
Kaupthing Bank Hf     1.75    6/7/2016     EUR      14.25
Glitnir HF            5.86   7/28/2016     GBP      14.00
UralCapitalBank OO   14.50  11/24/2022     RUB     100.00
Lehman Brothers Tr    4.50    3/6/2013     CHF       4.83
Lehman Brothers Tr    4.00   4/24/2009     USD       4.83
Lehman Brothers Tr    7.38   9/20/2008     EUR       4.83
Lehman Brothers Tr    3.85   4/24/2009     USD       4.83
Lehman Brothers Tr    7.25   10/6/2008     EUR       4.83
Glitnir HF            6.31   7/28/2011     USD      14.00
Lehman Brothers Tr    7.50   9/13/2009     CHF       4.83
LBI HF                4.40  11/30/2035     EUR       0.01
Lehman Brothers Tr    4.50    8/2/2009     USD       4.83
Lehman Brothers Tr    5.75   6/15/2009     CHF       4.83
Lehman Brothers Tr    7.50  10/24/2008     USD       4.83
Lehman Brothers Tr    6.00  10/24/2008     EUR       4.83
Lehman Brothers Tr    7.75   1/30/2009     EUR       4.83
Glitnir HF            3.50  10/30/2012     EUR      14.00
Lehman Brothers Tr   14.90   9/15/2008     EUR       4.83
Lehman Brothers Tr    6.00   5/12/2017     EUR       4.83
Lehman Brothers Tr    6.60   2/22/2012     EUR       4.83
Lehman Brothers Tr    4.10   2/19/2010     EUR       4.83
Lehman Brothers Tr    5.20   3/19/2018     EUR       4.83
Lehman Brothers Tr    5.00   2/28/2032     EUR       4.83
Lehman Brothers Tr    6.75    4/5/2012     EUR       4.83
Lehman Brothers Tr    3.50  10/31/2011     USD       4.83
Lehman Brothers Tr    0.25  10/19/2012     CHF       4.83
Lehman Brothers Tr    9.00   5/15/2022     USD       4.83
DZ Bank AG Deutsch    7.00   6/24/2016     EUR      72.00
e-Kancelaria Grupa   10.00   11/6/2015     PLN       2.01
Bank Julius Baer &   13.70   5/13/2016     USD      66.20
Bank J Safra Saras    5.75  12/17/2015     CHF      68.35
DZ Bank AG Deutsch    7.75   7/24/2015     EUR      69.34
Goldman Sachs & Co   19.00   9/23/2015     EUR      75.11
Goldman Sachs & Co   24.00   9/23/2015     EUR      71.33
Goldman Sachs & Co   22.00   1/20/2016     EUR      74.02
DZ Bank AG Deutsch    5.25   3/29/2016     EUR      75.07
HSBC Trinkaus & Bu    8.00   3/25/2016     EUR      76.56
HSBC Trinkaus & Bu   11.40   7/24/2015     EUR      71.53
HSBC Trinkaus & Bu   17.50  12/28/2015     EUR      57.02
HSBC Trinkaus & Bu   10.00  12/28/2015     EUR      64.25
HSBC Trinkaus & Bu   13.90   8/28/2015     EUR      58.69
Goldman Sachs & Co   20.00  10/21/2015     EUR      74.40
Goldman Sachs & Co   22.00  10/21/2015     EUR      72.66
Goldman Sachs & Co   18.00  11/25/2015     EUR      75.60
Goldman Sachs & Co   19.00  12/23/2015     EUR      75.14
Goldman Sachs & Co   18.00   1/20/2016     EUR      76.07
Goldman Sachs & Co   19.00   3/23/2016     EUR      75.75
DZ Bank AG Deutsch    5.00   9/25/2015     EUR      74.88
DZ Bank AG Deutsch    5.00  12/28/2015     EUR      73.35
HSBC Trinkaus & Bu   14.70  12/28/2015     EUR      68.96
HSBC Trinkaus & Bu    9.20  11/27/2015     EUR      74.73
HSBC Trinkaus & Bu    6.60   9/25/2015     EUR      68.82
HSBC Trinkaus & Bu   13.70  12/28/2015     EUR      60.13
HSBC Trinkaus & Bu    6.60  12/28/2015     EUR      69.72
UniCredit Bank AG     4.60   3/24/2016     EUR      76.25
BNP Paribas Emissi    7.50  12/24/2015     EUR      74.43
BNP Paribas Emissi    9.00  12/24/2015     EUR      72.39
BNP Paribas Emissi    7.00   9/24/2015     EUR      70.12
BNP Paribas Emissi   14.00   9/24/2015     EUR      71.48
BNP Paribas Emissi    8.00  12/24/2015     EUR      72.28
Goldman Sachs & Co   25.00   8/26/2015     EUR      61.70
Goldman Sachs & Co   24.00   9/23/2015     EUR      63.50
Goldman Sachs & Co   18.00  10/21/2015     EUR      67.41
Goldman Sachs & Co   13.00  12/23/2015     EUR      72.48
Goldman Sachs & Co   20.00  11/25/2015     EUR      66.23
Commerzbank AG        7.00  10/22/2015     EUR      63.42
DZ Bank AG Deutsch    8.80  12/23/2015     EUR      68.25
Goldman Sachs & Co   19.00   9/23/2015     EUR      66.20
Goldman Sachs & Co   22.00  10/21/2015     EUR      64.82
Goldman Sachs & Co   19.00  12/23/2015     EUR      67.34
Goldman Sachs & Co   16.00   3/23/2016     EUR      70.03
Commerzbank AG       10.75  12/24/2015     EUR      66.28
Commerzbank AG       14.75  12/24/2015     EUR      62.08
Commerzbank AG        8.25  12/24/2015     EUR      66.39
Lehman Brothers Tr    7.25   6/20/2010     USD       4.83
Lehman Brothers Tr    5.12   4/30/2027     EUR       4.83
Lehman Brothers Tr    4.10   8/23/2010     USD       4.83
Lehman Brothers Tr    0.01   9/20/2011     USD       4.83
Goldman Sachs & Co   24.00   9/23/2015     EUR      76.56
Goldman Sachs & Co   18.00   1/20/2016     EUR      68.28
Goldman Sachs & Co   21.00   1/20/2016     EUR      66.58
Goldman Sachs & Co   10.00   6/22/2016     EUR      75.98
Deutsche Bank AG      3.20   6/22/2016     EUR      76.60
Deutsche Bank AG      6.20  11/25/2015     EUR      71.20
Deutsche Bank AG      7.20  11/25/2015     EUR      71.60
Deutsche Bank AG      7.20   3/22/2016     EUR      73.80
Deutsche Bank AG      5.20   6/22/2016     EUR      76.00
DZ Bank AG Deutsch    5.25  12/28/2015     EUR      73.79
DZ Bank AG Deutsch    8.75  12/28/2015     EUR      69.31
DZ Bank AG Deutsch    9.20  11/25/2015     EUR      68.43
UBS AG/London        13.25  12/29/2015     EUR      72.48
UBS AG/London        10.25  12/29/2015     EUR      71.08
UBS AG/London        14.50  12/29/2015     EUR      68.95
Vontobel Financial    9.00  11/27/2015     EUR      74.55
Goldman Sachs & Co    9.00   9/23/2015     EUR      75.72
Vontobel Financial    7.95   9/11/2015     EUR      75.76
UBS AG/London        12.35   11/3/2015     CHF      52.25
UBS AG/London         8.48   11/3/2015     CHF      51.20
Commerzbank AG       11.25  12/24/2015     EUR      70.41
Commerzbank AG       14.25  12/24/2015     EUR      67.04
Bank Julius Baer &   13.70  11/11/2015     CHF      55.55
Vontobel Financial    9.70   9/25/2015     EUR      75.78
Goldman Sachs & Co    9.00   8/26/2015     EUR      72.37
DZ Bank AG Deutsch   11.00  10/23/2015     EUR      59.14
Commerzbank AG       12.75  10/22/2015     EUR      71.85
UBS AG/London        11.25   9/25/2015     EUR      68.63
Commerzbank AG        7.00   9/24/2015     EUR      58.05
Lehman Brothers Tr    2.40   6/20/2011     JPY       4.83
Commerzbank AG       11.25  11/26/2015     EUR      66.45
UBS AG/London        11.50  11/26/2015     CHF      58.26
UBS AG/London        10.75  11/26/2015     CHF      57.96
Lehman Brothers Tr    1.60   6/21/2010     JPY       4.83
Commerzbank AG       14.25  11/26/2015     EUR      63.07
Commerzbank AG        7.50  11/26/2015     EUR      76.64
UniCredit Bank AG     4.30  12/24/2015     EUR      74.27
Leonteq Securities   11.00   12/4/2015     USD      66.11
Commerzbank AG       12.75  11/26/2015     EUR      75.99
Commerzbank AG        9.50  11/26/2015     EUR      73.77
Zurcher Kantonalba    5.25   12/4/2015     CHF      62.03
Bank Julius Baer &    6.50   12/4/2015     EUR      72.30
Commerzbank AG        8.50  11/26/2015     EUR      70.64
Goldman Sachs & Co   21.00  11/25/2015     EUR      70.26
Bank Julius Baer &    7.90  11/20/2015     USD      63.00
Notenstein Privatb    8.50  11/28/2016     CHF      67.21
Leonteq Securities    6.00  11/28/2016     CHF      59.85
UniCredit Bank AG     4.30  12/24/2015     EUR      75.67
Goldman Sachs & Co   25.00   8/26/2015     EUR      65.38
Credit Suisse AG/L    8.00  11/29/2019     USD       8.78
DZ Bank AG Deutsch   10.25  11/27/2015     EUR      75.82
Vontobel Financial    8.00   12/4/2015     EUR      70.95
Societe Generale S   17.60  11/17/2015     EUR      47.75
Commerzbank AG        7.75  10/22/2015     EUR      70.22
Commerzbank AG        9.50  10/22/2015     EUR      66.97
Commerzbank AG       11.50  10/22/2015     EUR      64.10
Commerzbank AG       13.75  10/22/2015     EUR      61.69
Commerzbank AG       15.75  10/22/2015     EUR      59.42
Notenstein Privatb    8.20   5/27/2016     CHF      58.78
UniCredit Bank AG     4.25  12/24/2015     EUR      76.98
UniCredit Bank AG     4.50  12/24/2015     EUR      71.99
UniCredit Bank AG     4.45  12/24/2015     EUR      73.19
UniCredit Bank AG     4.40  12/24/2015     EUR      74.42
HSBC Trinkaus & Bu   11.90   9/25/2015     EUR      73.77
Commerzbank AG       13.25  11/26/2015     EUR      64.45
Commerzbank AG        7.50  11/26/2015     EUR      72.34
Commerzbank AG        7.75  11/26/2015     EUR      75.06
HSBC Trinkaus & Bu   17.00  12/28/2015     EUR      52.73
HSBC Trinkaus & Bu   11.90  12/28/2015     EUR      56.78
HSBC Trinkaus & Bu    8.70  12/28/2015     EUR      60.62
Goldman Sachs & Co   20.00   9/23/2015     EUR      76.14
Goldman Sachs & Co   25.00   9/23/2015     EUR      73.11
Goldman Sachs & Co   23.00  10/21/2015     EUR      74.51
Goldman Sachs & Co   22.00  12/23/2015     EUR      65.40
Goldman Sachs & Co   10.00   1/20/2016     EUR      74.17
Goldman Sachs & Co   15.00   1/20/2016     EUR      70.39
Goldman Sachs & Co   15.00   6/22/2016     EUR      71.16
Goldman Sachs & Co   17.00   6/22/2016     EUR      69.90
Deutsche Bank AG      7.20   6/22/2016     EUR      73.30
Deutsche Bank AG      5.20   6/22/2016     EUR      73.70
Zurcher Kantonalba    9.00  12/16/2015     EUR      74.83
Commerzbank AG       10.00  11/26/2015     EUR      72.32
e-Kancelaria Grupa   10.00   6/27/2016     PLN       2.17
Commerzbank AG       10.25  11/26/2015     EUR      68.08
Commerzbank AG        8.25  11/26/2015     EUR      70.18
Powszechne Towarzy    8.01    8/1/2016     PLN      32.00
Royal Bank of Scot    1.69  11/14/2016     GBP       1.07
UBS AG/London         9.00   6/24/2016     EUR      73.35
DZ Bank AG Deutsch    8.25  12/28/2015     EUR      60.14
UBS AG                8.15   7/21/2015     USD      45.51
Vontobel Financial    8.00  11/27/2015     EUR      75.05
Vontobel Financial    8.55  12/28/2015     EUR      75.10
Vontobel Financial   10.25   9/25/2015     EUR      73.26
DZ Bank AG Deutsch    7.75  11/27/2015     EUR      72.62
DZ Bank AG Deutsch    9.75  11/27/2015     EUR      68.96
Commerzbank AG       10.00  10/22/2015     EUR      75.17
Deutsche Bank AG      6.20   6/21/2016     EUR      75.20
Deutsche Bank AG      6.20   9/22/2015     EUR      73.80
Deutsche Bank AG      7.20   6/21/2016     EUR      76.10
Deutsche Bank AG      7.20  12/22/2015     EUR      75.30
Deutsche Bank AG      7.20   9/22/2015     EUR      74.00
Deutsche Bank AG      6.20  12/22/2015     EUR      74.80
Zurcher Kantonalba    5.60  11/18/2015     USD      71.96
UniCredit Bank AG     4.10  12/24/2015     EUR      76.61
UniCredit Bank AG     4.20  12/24/2015     EUR      75.43
UniCredit Bank AG     4.40  12/24/2015     EUR      73.11
BNP Paribas Emissi    9.50   6/23/2016     EUR      75.53
UBS AG/London         9.25   3/29/2016     EUR      72.10
UBS AG/London        10.25   6/24/2016     EUR      71.33
DZ Bank AG Deutsch   14.50   8/28/2015     EUR      61.41
DZ Bank AG Deutsch   14.00   8/28/2015     EUR      73.76
DZ Bank AG Deutsch   13.00   8/28/2015     EUR      61.87
UniCredit Bank AG     4.80   3/24/2016     EUR      75.00
BNP Paribas Emissi   13.00  12/24/2015     EUR      59.31
BNP Paribas Emissi   11.00  12/24/2015     EUR      70.74
UniCredit Bank AG     5.00   3/24/2016     EUR      73.78
BNP Paribas Emissi    9.00   9/24/2015     EUR      70.51
BNP Paribas Emissi    7.00  12/24/2015     EUR      71.84
BNP Paribas Emissi   10.00  12/24/2015     EUR      73.17
BNP Paribas Emissi    9.00   1/21/2016     EUR      71.64
UBS AG/London        11.75   6/24/2016     EUR      69.77
UBS AG               10.67   7/20/2015     USD      45.65
Deutsche Bank AG      8.00  10/30/2015     USD       8.43
DZ Bank AG Deutsch    7.50  11/27/2015     EUR      65.79
Goldman Sachs & Co   23.00  12/23/2015     EUR      72.78
Leonteq Securities    9.40  11/17/2015     CHF      73.67
HSBC Trinkaus & Bu   12.40  11/27/2015     EUR      61.17
BNP Paribas Emissi    9.00  12/24/2015     EUR      75.35
BNP Paribas Emissi   11.00  12/24/2015     EUR      73.83
BNP Paribas Emissi   12.00  12/24/2015     EUR      72.00
UBS AG/London        13.00   3/29/2016     EUR      68.31
UBS AG/London        14.75   3/29/2016     EUR      66.69
UBS AG/London        11.00   3/29/2016     EUR      69.98
UBS AG/London        14.75   6/24/2016     EUR      67.31
UBS AG/London        11.75  11/12/2015     CHF      51.50
DZ Bank AG Deutsch    8.00   1/22/2016     EUR      67.83
Deutsche Bank AG      6.20  11/25/2015     EUR      76.20
Deutsche Bank AG      6.20  11/25/2015     EUR      73.60
Vontobel Financial    4.85  12/11/2015     EUR      72.86
Deutsche Bank AG      7.20  11/25/2015     EUR      76.60
Vontobel Financial    9.45  12/11/2015     EUR      75.02
Vontobel Financial    6.00  12/11/2015     EUR      71.02
Vontobel Financial    4.55   9/11/2015     EUR      69.36
Deutsche Bank AG      5.20  11/25/2015     EUR      73.30
Deutsche Bank AG      6.20   3/22/2016     EUR      76.20
Commerzbank AG       12.00  11/26/2015     EUR      60.16
Vontobel Financial    4.70   9/11/2015     EUR      72.02
Deutsche Bank AG      5.20   3/22/2016     EUR      75.50
Commerzbank AG       10.00   9/24/2015     EUR      73.44
Commerzbank AG        8.50  11/26/2015     EUR      74.51
Deutsche Bank AG      7.20  11/25/2015     EUR      74.00
Deutsche Bank AG      7.20   3/22/2016     EUR      76.90
ECA                   2.50    1/1/2018     EUR       9.15
Vontobel Financial    4.85  12/11/2015     EUR      70.55
HSBC Trinkaus & Bu   10.90   8/28/2015     EUR      75.39
UniCredit Bank AG     4.25   6/24/2016     EUR      74.86
UBS AG/London        16.50   3/29/2016     EUR      65.31
DZ Bank AG Deutsch    6.00  11/27/2015     EUR      73.94
Zurcher Kantonalba    7.80  12/11/2015     CHF      63.52
Deutsche Bank AG      5.20  11/25/2015     EUR      75.80
Lehman Brothers Tr    4.82  12/18/2036     EUR       4.83
Lehman Brothers Tr    4.68  12/12/2045     EUR       4.83
Glitnir HF            3.00  12/15/2009     EUR      14.00
Glitnir HF            0.50  11/26/2009     EUR      14.00
Lehman Brothers Tr    6.70   4/21/2011     USD       4.83
Lehman Brothers Tr   13.00  12/14/2012     USD       4.83
Lehman Brothers Tr    3.82  10/20/2009     USD       4.83
KPNQwest NV           7.13    6/1/2009     EUR       0.50
Leonteq Securities    6.25  11/13/2015     CHF      53.39
Lehman Brothers Tr    6.00   5/23/2018     CZK       4.83
Lehman Brothers Tr    0.80  12/30/2016     EUR       4.83
EFG International    12.86  10/30/2017     EUR      64.23
Lehman Brothers Tr    4.00   5/30/2010     USD       4.83
Lehman Brothers Tr    4.00   5/17/2010     USD       4.83
Lehman Brothers Tr    2.25   5/12/2009     USD       4.83
Lehman Brothers Tr    7.50   6/15/2017     USD       4.83
Leonteq Securities    6.00    1/7/2016     EUR      31.58
Lehman Brothers Tr    6.00  12/30/2017     EUR       4.83
Lehman Brothers Tr    3.50   6/20/2011     EUR       4.83
Lehman Brothers Tr    7.50   2/14/2010     AUD       4.83
Lehman Brothers Tr    5.50   6/22/2010     USD       4.83
LBI HF                5.44    9/3/2018     EUR       0.01
Lehman Brothers Tr    5.50    7/8/2013     EUR       4.83
Kaupthing Bank Hf     6.50   10/8/2010     ISK      14.25
Lehman Brothers Tr    3.10    6/4/2010     USD       4.83
Kaupthing Bank Hf     7.50   12/5/2014     ISK      14.25
Lehman Brothers Tr    2.30   6/27/2013     USD       4.83
Lehman Brothers Tr    2.37   7/15/2013     USD       4.83
Lehman Brothers Tr   16.00  12/26/2008     USD       4.83
Lehman Brothers Tr   13.43    1/8/2009     ILS       4.83
Lehman Brothers Tr    0.50    7/2/2020     EUR       4.83
Lehman Brothers Tr    7.75    1/3/2012     AUD       4.83
Lehman Brothers Tr    8.00   3/19/2012     USD       4.83
Lehman Brothers Tr    7.05    4/8/2015     USD       4.83
Lehman Brothers Tr    7.15   3/21/2013     USD       4.83
Leonteq Securities    6.20   7/15/2016     EUR      73.06
Lehman Brothers Tr    0.50    8/1/2020     EUR       4.83
Lehman Brothers Tr    6.25  11/30/2012     EUR       4.83
Leonteq Securities    5.25   2/26/2016     CHF      57.63
Lehman Brothers Tr    7.63   7/22/2011     HKD       4.83
Leonteq Securities    3.10    3/1/2016     EUR      46.88
Leonteq Securities    3.90    3/1/2016     EUR      51.99
UBS AG               10.00  12/29/2015     EUR      70.83
UBS AG               12.50  12/29/2015     EUR      55.40
Lehman Brothers Tr    6.72  12/29/2008     EUR       4.83
Lehman Brothers Tr    7.06  12/29/2008     EUR       4.83
Kaupthing Bank Hf     5.00   11/8/2013     EUR      14.25
Lehman Brothers Tr    2.50   8/23/2012     GBP       4.83
Lehman Brothers Tr    3.00   8/13/2011     EUR       4.83
Glitnir HF            5.25    5/2/2014     ISK      14.00
Lehman Brothers Tr    6.00   9/20/2011     EUR       4.83
Lehman Brothers Tr   11.00    5/9/2020     USD       4.83
Lehman Brothers Tr    4.00    6/5/2011     USD       4.83
Societe Generale E    4.00   6/26/2017     EUR      50.25
Lehman Brothers Tr    2.50   8/15/2012     CHF       4.83
Lehman Brothers Tr    6.25    9/5/2011     EUR       4.83
Lehman Brothers Tr    5.25    7/8/2014     EUR       4.83
Lehman Brothers Tr    2.30    6/6/2013     USD       4.83
Lehman Brothers Tr    7.50   5/30/2010     AUD       4.83
Lehman Brothers Tr    4.30    6/4/2012     USD       4.83
Lehman Brothers Tr    4.00   8/11/2010     USD      19.13
Lehman Brothers Tr    4.80  11/16/2012     HKD       4.83
Lehman Brothers Tr    3.50  12/20/2027     USD       4.83
Lehman Brothers Tr    5.50  11/30/2012     CZK       4.83
Lehman Brothers Tr   14.90  11/16/2010     EUR       4.83
Lehman Brothers Tr    6.00  10/30/2012     USD       4.83
Lehman Brothers Tr    6.60    2/9/2009     EUR       4.83
Lehman Brothers Tr    1.50  10/12/2010     EUR       4.83
Lehman Brothers Tr    7.00  10/22/2010     EUR       4.83
Lehman Brothers Tr    8.00  10/23/2008     USD       4.83
LBI HF                7.43                 USD       0.00
Lehman Brothers Tr   18.25   10/2/2008     USD       4.83
Glitnir HF            6.38   9/25/2012     USD      14.00
Lehman Brothers Tr    3.40   9/21/2009     HKD       4.83
Lehman Brothers Tr    4.00  10/12/2010     USD       4.83
Leasing-Experts SA    9.00    6/5/2016     PLN      69.85
Lehman Brothers Tr   16.20   5/14/2009     USD       4.83
Lehman Brothers Tr   10.60   4/22/2014     MXN       4.83
Notenstein Privatb    6.00   5/24/2016     EUR      75.94
Lehman Brothers Tr   16.00   11/9/2008     USD       4.83
Kaupthing Bank Hf     7.50    4/2/2011     EUR      14.25
Kaupthing Bank Hf     7.50   10/2/2010     EUR      14.25
Lehman Brothers Tr    4.60    8/1/2013     EUR       4.83
Lehman Brothers Tr    8.00   5/22/2009     USD       4.83
Lehman Brothers Tr   15.00    6/4/2009     CHF       4.83
Lehman Brothers Tr    5.00   3/13/2009     EUR       4.83
UBS AG               12.75  12/29/2015     EUR      72.24
UBS AG               13.75  12/29/2015     EUR      68.56
Lehman Brothers Tr   17.00    6/2/2009     USD       4.83
Lehman Brothers Tr   10.00  10/22/2008     USD       4.83
Lehman Brothers Tr    6.60   5/23/2012     AUD       4.83
Lehman Brothers Tr    5.50   4/23/2014     EUR       4.83
UBS AG               11.50  12/29/2015     EUR      76.36
Lehman Brothers Tr   10.00   6/17/2009     USD       4.83
UBS AG               14.50  12/29/2015     EUR      66.40
UBS AG               14.25  12/29/2015     EUR      63.37
Lehman Brothers Tr    7.60    3/4/2010     NZD       4.83
Lehman Brothers Tr   13.50    6/2/2009     USD       4.83
Lehman Brothers Tr    6.45   2/20/2010     AUD       4.83
Lehman Brothers Tr    3.45   5/23/2013     USD       4.83
Lehman Brothers Tr   16.00  10/28/2008     USD       4.83
Lehman Brothers Tr    5.00   2/15/2018     EUR       4.83
Lehman Brothers Tr    8.00   3/21/2018     USD       4.83
Lehman Brothers Tr    4.00   3/10/2011     EUR       4.83
Kaupthing Bank Hf     0.69   5/21/2011     JPY      14.25
Leonteq Securities    5.60  11/20/2015     GBP      50.91
Leonteq Securities    7.60  11/20/2015     USD      34.32
Raiffeisen Centrob    2.40  12/19/2016     EUR      63.34
Gold-Zack AG          7.00  12/14/2005     EUR      12.01
Zurcher Kantonalba    3.67   1/25/2016     CHF      50.04
Lehman Brothers Tr    8.05  12/20/2010     HKD       4.83
Kaupthing Bank Hf     1.65    7/5/2010     JPY      14.25
Kaupthing Bank Hf     1.99    7/5/2012     JPY      14.25
Leonteq Securities    7.00   1/22/2016     CHF      46.31
Kaupthing Bank Hf     0.20   7/12/2009     JPY      14.25
Lehman Brothers Tr   13.00   7/25/2012     EUR       4.83
Lehman Brothers Tr   10.00    8/2/2037     JPY       4.83
Kaupthing Bank Hf     4.47  10/27/2010     EUR      14.25
Kaupthing Bank Hf     7.00   4/28/2012     ISK       0.00
Lehman Brothers Tr   12.22  11/21/2017     USD       4.83
Lehman Brothers Tr    4.60  10/11/2017     ILS      19.13
Lehman Brothers Tr    0.50  12/20/2017     USD       4.83
Lehman Brothers Tr    0.50  12/20/2017     USD       4.83
Lehman Brothers Tr    0.50  12/20/2017     USD       4.83
Lehman Brothers Tr    0.50  12/20/2017     USD       4.83
Lehman Brothers Tr    5.38    2/4/2014     USD       4.83
Lehman Brothers Tr    6.30  12/21/2018     USD       4.83
Lehman Brothers Tr    2.48   5/12/2009     USD       4.83
Lehman Brothers Tr    8.80  12/27/2009     EUR       4.83
Glitnir HF            7.32  12/19/2012     USD      14.00
Lehman Brothers Tr   11.00  12/20/2017     AUD       4.83
Lehman Brothers Tr   11.00  12/20/2017     AUD       4.83
Kaupthing Bank Hf     7.00    1/3/2011     EUR      14.25
Lehman Brothers Tr    1.95   11/4/2013     EUR       4.83
Lehman Brothers Tr    5.25    4/1/2023     EUR       4.83
BNP Paribas Emissi    3.50  10/22/2015     EUR      73.17
BNP Paribas Emissi    5.00  10/22/2015     EUR      70.76
BNP Paribas Emissi    7.50  10/22/2015     EUR      67.93
BNP Paribas Emissi    4.50   1/21/2016     EUR      73.76
BNP Paribas Emissi    6.00   1/21/2016     EUR      71.85
BNP Paribas Emissi    4.50   7/21/2016     EUR      74.30
BNP Paribas Emissi    6.00   7/21/2016     EUR      72.50
Notenstein Privatb    6.80   4/15/2016     CHF      72.56
Bank Julius Baer &    5.40   4/15/2016     CHF      71.90
DZ Bank AG Deutsch    5.00   3/29/2016     EUR      72.90
Deutsche Bank AG      7.20   3/22/2016     EUR      75.70
Deutsche Bank AG      6.20   9/20/2016     EUR      71.00
Deutsche Bank AG      7.20   9/20/2016     EUR      69.00
Deutsche Bank AG      6.20   3/22/2016     EUR      69.90
Deutsche Bank AG      5.20   3/22/2016     EUR      69.20
Deutsche Bank AG      6.20   6/21/2016     EUR      74.70
Deutsche Bank AG      6.20   6/21/2016     EUR      72.20
Deutsche Bank AG      7.20   6/21/2016     EUR      73.20
Deutsche Bank AG      6.20   9/20/2016     EUR      67.80
Deutsche Bank AG      7.20   9/20/2016     EUR      72.20
Deutsche Bank AG      6.20   3/22/2016     EUR      66.50
Deutsche Bank AG      5.20   9/20/2016     EUR      74.50
Deutsche Bank AG      5.20   9/20/2016     EUR      72.10
LBBW                  5.50  12/29/2015     EUR      76.04
HSBC Trinkaus & Bu   12.40   6/24/2016     EUR      67.45
HSBC Trinkaus & Bu   12.40   6/24/2016     EUR      67.45
HSBC Trinkaus & Bu    8.20   6/24/2016     EUR      69.21
HSBC Trinkaus & Bu   10.60   1/22/2016     EUR      66.76
HSBC Trinkaus & Bu    9.20   4/22/2016     EUR      68.03
Commerzbank AG       10.25   3/24/2016     EUR      68.39
Commerzbank AG       12.00   3/24/2016     EUR      67.20
LBBW                  2.50   9/25/2015     EUR      72.14
LBBW                  3.00   9/25/2015     EUR      74.23
LBBW                  4.00   9/25/2015     EUR      72.07
LBBW                  3.00   9/23/2016     EUR      76.49
LBBW                  4.50   9/23/2016     EUR      73.99
LBBW                  3.50   9/23/2016     EUR      74.34
LBBW                  4.50   9/23/2016     EUR      71.96
LBBW                  4.00   8/25/2017     EUR      72.38
LBBW                  3.00   9/28/2018     EUR      75.27
LBBW                  5.00   3/24/2017     EUR      74.43
LBBW                  4.00   4/22/2016     EUR      73.52
LBBW                  3.00  12/29/2015     EUR      77.36
LBBW                  4.50  12/29/2015     EUR      72.58
LBBW                  4.00  12/23/2016     EUR      75.35
LBBW                  2.50   8/28/2015     EUR      70.55
LBBW                  4.00   8/28/2015     EUR      67.31
LBBW                  5.00   3/29/2016     EUR      76.88
LBBW                  2.50   6/24/2016     EUR      76.85
LBBW                  4.00   6/24/2016     EUR      72.21
LBBW                  2.00   7/24/2015     EUR      75.49
LBBW                  3.50   7/24/2015     EUR      71.11
LBBW                  5.00   7/24/2015     EUR      67.60
LBBW                  2.50   7/24/2015     EUR      53.16
LBBW                  3.55   8/25/2017     EUR      75.50
LBBW                  3.75   9/22/2017     EUR      73.24
Commerzbank AG        6.75   4/21/2016     EUR      75.43
Commerzbank AG        9.25   4/21/2016     EUR      73.48
Bank Julius Baer &    4.90    5/6/2016     CHF      71.70
DZ Bank AG Deutsch   10.50  10/23/2015     EUR      68.43
DZ Bank AG Deutsch   15.00  10/23/2015     EUR      63.59
Przedsiebiorstwo P    9.01   3/31/2016     PLN      50.00
Lehman Brothers Tr    8.00  12/27/2032     JPY       4.83
Lehman Brothers Tr    1.50    2/8/2012     CHF       4.83
Lehman Brothers Tr    3.63    3/2/2012     EUR       4.83
Deutsche Bank AG      7.20  12/22/2015     EUR      74.30
Deutsche Bank AG      7.20  12/22/2015     EUR      69.10
Deutsche Bank AG      5.20  12/22/2015     EUR      73.40
Deutsche Bank AG      6.20  12/22/2015     EUR      73.90
Deutsche Bank AG      6.20  12/22/2015     EUR      68.60
Deutsche Bank AG      5.20   3/22/2016     EUR      74.30
Deutsche Bank AG      7.20   3/22/2016     EUR      73.10
Deutsche Bank AG      5.20   3/22/2016     EUR      71.70
Deutsche Bank AG      6.20   6/21/2016     EUR      66.60
Deutsche Bank AG      5.20   6/21/2016     EUR      65.60
Deutsche Bank AG      7.20   6/21/2016     EUR      67.50
Deutsche Bank AG      6.20   9/20/2016     EUR      73.30
Deutsche Bank AG      5.20   3/22/2016     EUR      65.80
Deutsche Bank AG      5.20   6/21/2016     EUR      73.80
Deutsche Bank AG      5.20   6/21/2016     EUR      71.30
Deutsche Bank AG      5.20   9/20/2016     EUR      69.80
Deutsche Bank AG      5.20  12/22/2015     EUR      68.20
Deutsche Bank AG      6.20  12/22/2015     EUR      65.10
Deutsche Bank AG      5.20  12/22/2015     EUR      64.60
Deutsche Bank AG      7.20  12/22/2015     EUR      65.50
Deutsche Bank AG      7.20   3/22/2016     EUR      67.20
Deutsche Bank AG      7.20   6/21/2016     EUR      70.80
Deutsche Bank AG      6.20   6/21/2016     EUR      69.90
Deutsche Bank AG      6.20   9/20/2016     EUR      75.70
Deutsche Bank AG      6.20   3/22/2016     EUR      75.00
Deutsche Bank AG      6.20   3/22/2016     EUR      72.40
Deutsche Bank AG      7.20   3/22/2016     EUR      70.60
Deutsche Bank AG      7.20   6/21/2016     EUR      75.70
Deutsche Bank AG      7.20   9/20/2016     EUR      74.50
Deutsche Bank AG      5.20   9/20/2016     EUR      66.60
Lehman Brothers Tr    7.75   2/21/2016     EUR       4.83
DZ Bank AG Deutsch    5.50   7/10/2015     EUR      71.08
Societe Generale S    5.50   7/27/2015     EUR      49.55
Vontobel Financial    6.80   9/11/2015     EUR      75.43
Vontobel Financial    7.95   9/11/2015     EUR      75.62
Vontobel Financial    6.05  12/11/2015     EUR      76.23
HSBC Trinkaus & Bu   11.00   9/23/2016     EUR      68.63
HSBC Trinkaus & Bu    7.60   9/23/2016     EUR      70.33
HSBC Trinkaus & Bu    9.90   2/26/2016     EUR      67.26
HSBC Trinkaus & Bu   10.00   5/27/2016     EUR      68.34
HSBC Trinkaus & Bu   10.00  11/27/2015     EUR      69.66
UniCredit Bank AG     5.00   3/24/2016     EUR      74.45
UniCredit Bank AG     4.80   3/24/2016     EUR      75.66
HSBC Trinkaus & Bu   21.60   9/25/2015     EUR      70.25
HSBC Trinkaus & Bu   16.90  12/28/2015     EUR      73.59
RegionEnergoInvest    8.50   5/30/2016     RUB      60.00
Medved-Finans OOO    12.50   8/22/2016     RUB      61.43
Agrokompleks OOO     10.00   7/29/2019     RUB      91.13
UBS AG/London         7.50    5/9/2016     CHF      72.54
Commerzbank AG        8.75   3/24/2016     EUR      75.00
Commerzbank AG       10.50   3/24/2016     EUR      73.52
Commerzbank AG       12.25   3/24/2016     EUR      72.19
Commerzbank AG        7.00   3/24/2016     EUR      72.01
Commerzbank AG       10.25   3/24/2016     EUR      69.39
UBS AG/London         4.00   3/29/2016     CHF      64.95
UniCredit Bank AG     4.60   3/24/2016     EUR      68.45
UniCredit Bank AG     5.00   3/24/2016     EUR      65.96
UniCredit Bank AG     4.80   3/24/2016     EUR      67.44
UniCredit Bank AG     4.50   3/24/2016     EUR      69.08
UniCredit Bank AG     4.00   6/24/2016     EUR      67.51
Leonteq Securities    9.00   2/16/2016     EUR      71.66
Bank Julius Baer &   12.80   1/29/2016     USD      61.75
HSBC Trinkaus & Bu   19.70   9/25/2015     EUR      70.34
HSBC Trinkaus & Bu   14.70   9/25/2015     EUR      73.48
HSBC Trinkaus & Bu   15.60  12/28/2015     EUR      73.44
HSBC Trinkaus & Bu   11.80  10/23/2015     EUR      76.02
HSBC Trinkaus & Bu   16.60   9/25/2015     EUR      71.98
HSBC Trinkaus & Bu   13.20  12/28/2015     EUR      74.45
HSBC Trinkaus & Bu   11.30  10/23/2015     EUR      76.01
DZ Bank AG Deutsch   12.50   8/28/2015     EUR      73.57
DZ Bank AG Deutsch   10.25   8/28/2015     EUR      58.35
Commerzbank AG       14.50  10/22/2015     EUR      70.76
Commerzbank AG       13.50   1/21/2016     EUR      72.76
LBBW                  3.00  10/28/2016     EUR      72.30
Commerzbank AG       14.75   1/21/2016     EUR      74.04
Commerzbank AG       10.25   1/21/2016     EUR      65.30
Commerzbank AG        7.25   1/21/2016     EUR      68.49
DZ Bank AG Deutsch   10.50   9/23/2015     EUR      69.32
Commerzbank AG        2.00    2/3/2016     EUR      59.53
BNP Paribas Emissi   13.00   9/24/2015     EUR      73.90
BNP Paribas Emissi   16.00   9/24/2015     EUR      71.66
BNP Paribas Emissi   19.00   9/24/2015     EUR      69.63
BNP Paribas Emissi   11.00  12/24/2015     EUR      75.89
BNP Paribas Emissi   15.00  12/24/2015     EUR      72.42
BNP Paribas Emissi   10.00   6/23/2016     EUR      75.93
Vontobel Financial   14.20   9/25/2015     EUR      74.21
HSBC Trinkaus & Bu   10.70   2/26/2016     EUR      69.94
Deutsche Bank AG      5.50  12/22/2015     EUR      70.90
Deutsche Bank AG      5.50  12/22/2015     EUR      64.80
Deutsche Bank AG      5.50   3/22/2016     EUR      66.70
Deutsche Bank AG      5.50   6/21/2016     EUR      71.60
DZ Bank AG Deutsch   11.25  10/23/2015     EUR      67.23
UBS AG/London         6.75  12/28/2015     CHF      74.70
Deutsche Bank AG      5.50   3/22/2016     EUR      72.60
Deutsche Bank AG      5.50   6/21/2016     EUR      66.60
Deutsche Bank AG      5.50  12/22/2015     EUR      70.00
Deutsche Bank AG      5.50  12/22/2015     EUR      65.90
Deutsche Bank AG      5.50   3/22/2016     EUR      71.70
Deutsche Bank AG      5.50   3/22/2016     EUR      67.70
Deutsche Bank AG      5.50   6/21/2016     EUR      70.40
Deutsche Bank AG      5.50   6/21/2016     EUR      66.70
Oesterreichische V    5.03   6/11/2019     EUR      66.50
Oesterreichische V    5.20    4/1/2020     EUR      59.88
LBI HF                7.25    4/2/2011     EUR       2.77
LBI HF                7.00    4/2/2010     EUR       2.77
Oesterreichische V    5.23   12/5/2022     EUR      41.50
Oesterreichische V    5.21   12/6/2022     EUR      41.38
Oesterreichische V    5.00  12/12/2018     EUR      71.38
LBI HF                4.28  11/19/2010     EUR       2.77
LBI HF                4.53   4/24/2012     EUR       2.77
LBI HF                4.75   5/31/2013     EUR       2.77
Banca di Cividale     0.09   10/2/2036     EUR      62.04
Oesterreichische V    5.10    7/5/2022     EUR      43.50
NIBC Bank NV         25.98    5/7/2029     EUR      59.35
LBI HF                4.32   1/31/2010     EUR       2.77
LBI HF                2.14    2/3/2020     JPY       2.77
Municipality Finan    0.50   3/17/2025     CAD      72.06
LBI HF                4.08   3/16/2015     EUR       2.77
LBI HF                4.00   9/23/2015     EUR       2.77
Landeskreditbank B    0.50   5/10/2027     CAD      74.43
Eksportfinans ASA     0.25   7/14/2033     CAD      20.38
Oesterreichische V    1.93   7/20/2018     EUR      67.38
Oesterreichische V    1.29    3/1/2018     EUR      71.63
LBI HF                4.34    3/1/2011     EUR       2.77
Hypothekenbank Fra    0.26   6/30/2051     EUR      69.03
HSBC Bank PLC         0.50   11/9/2018     IDR      73.04
Arizk                 3.00  12/20/2030     RUB      39.36
Barclays Bank PLC     1.99   12/1/2040     USD      71.78
HSBC Bank PLC         0.50   2/24/2023     AUD      71.67
Barclays Bank PLC     1.64    6/3/2041     USD      68.80
Klaebu Sparebank      2.57                 NOK      69.58
Oesterreichische V    5.21   2/13/2026     EUR      29.00
Oesterreichische V    1.39   1/28/2019     EUR      61.13
Oesterreichische V    4.50  10/21/2020     EUR      53.38
Skue Sparebank        2.45                 NOK      75.33
LBI HF                1.68  12/22/2014     JPY       2.77
Oesterreichische V    1.55   5/18/2020     EUR      49.13
Oesterreichische V    1.55   5/18/2020     EUR      48.63
HSBC Bank PLC         0.50   7/30/2019     IDR      67.43
LBI HF                3.34   5/11/2012     EUR       2.77
LBI HF                6.75   2/18/2015     EUR       2.77
Haltdalen Spareban    2.55                 NOK      58.23
HSBC Bank PLC         0.50  12/20/2018     RUB      66.92
Societe Generale S    0.50  11/29/2022     AUD      74.30
HSBC Bank PLC         0.50    2/2/2023     AUD      69.93
HSBC Bank PLC         0.50    6/9/2023     MXN      64.69
Kommunalbanken AS     0.50   8/15/2018     BRL      71.41
Cooperatieve Centr    0.50   8/21/2028     MXN      45.65
Kommunalbanken AS     0.50   9/20/2018     BRL      70.14
Goldman Sachs & Co    7.00   1/20/2016     EUR      74.82
DZ Bank AG Deutsch   15.75   8/28/2015     EUR      74.51
HSBC Trinkaus & Bu    7.00  12/28/2015     EUR      69.77
HSBC Trinkaus & Bu    7.50   8/28/2015     EUR      67.57
HSBC Trinkaus & Bu    8.00   8/28/2015     EUR      55.12
HSBC Trinkaus & Bu    6.00   9/25/2015     EUR      74.28
HSBC Trinkaus & Bu    8.50   8/28/2015     EUR      68.14
Commerzbank AG       10.25   7/23/2015     EUR      69.45
Goldman Sachs & Co    9.00   8/26/2015     EUR      69.93
Goldman Sachs & Co    8.00   8/26/2015     EUR      67.49
Goldman Sachs & Co   10.00   8/26/2015     EUR      67.72
Goldman Sachs & Co   11.00   8/26/2015     EUR      67.84
Goldman Sachs & Co   11.00   8/26/2015     EUR      67.84
Goldman Sachs & Co   11.00   7/22/2015     EUR      66.81
Goldman Sachs & Co   11.00   7/22/2015     EUR      66.81
UniCredit Bank AG     4.25   8/14/2015     EUR      52.47
DZ Bank AG Deutsch    9.50   8/28/2015     EUR      69.61
Commerzbank AG        7.00   7/23/2015     EUR      74.98
Commerzbank AG        8.00   7/23/2015     EUR      73.03
Commerzbank AG        9.25   7/23/2015     EUR      71.21
Goldman Sachs & Co    6.00   7/22/2015     EUR      76.95
Goldman Sachs & Co    7.00   8/26/2015     EUR      74.79
Goldman Sachs & Co   14.00   8/26/2015     EUR      64.06
Goldman Sachs & Co   11.00   7/22/2015     EUR      66.81
Goldman Sachs & Co    5.00   8/26/2015     EUR      67.14
Goldman Sachs & Co    6.00   8/26/2015     EUR      67.25
DZ Bank AG Deutsch   10.75   8/28/2015     EUR      67.89
DZ Bank AG Deutsch    8.00  12/28/2015     EUR      71.40
Commerzbank AG       16.00   7/23/2015     EUR      52.43
Commerzbank AG       12.75   7/23/2015     EUR      74.12
HSBC Trinkaus & Bu    6.30   9/25/2015     EUR      73.10
HSBC Trinkaus & Bu   10.40  12/28/2015     EUR      67.78
HSBC Trinkaus & Bu    6.60  12/28/2015     EUR      73.70
HSBC Trinkaus & Bu   13.20  11/27/2015     EUR      64.75
HSBC Trinkaus & Bu   20.20   9/25/2015     EUR      75.43
Leonteq Securities   11.00  12/15/2015     USD      54.58
Commerzbank AG        7.50  12/24/2015     EUR      76.26
Commerzbank AG        9.50  12/24/2015     EUR      73.50
Goldman Sachs & Co    6.00   1/20/2016     EUR      71.92
Goldman Sachs & Co    6.00   1/20/2016     EUR      71.92
Goldman Sachs & Co    8.00   1/20/2016     EUR      72.96
Goldman Sachs & Co   10.00   1/20/2016     EUR      74.00
Goldman Sachs & Co   10.00   1/20/2016     EUR      74.00
Goldman Sachs & Co   10.00   1/20/2016     EUR      74.00
Goldman Sachs & Co    6.00   6/22/2016     EUR      71.86
Goldman Sachs & Co    8.00   6/22/2016     EUR      73.73
Goldman Sachs & Co    7.00   6/22/2016     EUR      72.80
Goldman Sachs & Co   10.00   6/22/2016     EUR      75.61
UniCredit Bank AG     4.50  12/24/2015     EUR      72.00
DZ Bank AG Deutsch    6.00   3/29/2016     EUR      69.29
LBBW                  2.50   7/22/2016     EUR      59.99
LBBW                  3.50   7/22/2016     EUR      58.02
LBBW                  4.00   7/22/2016     EUR      73.59
LBBW                  3.90   9/22/2017     EUR      71.94
LBBW                  4.50  10/23/2015     EUR      75.86
LBBW                  4.50  10/23/2015     EUR      75.75
Goldman Sachs Inte    1.00   12/5/2017     SEK      11.41
Commerzbank AG        3.00   12/3/2015     EUR      63.61
Atomenergoprom JSC   11.90   6/25/2025     RUB     130.00
Lehman Brothers Tr    1.28   11/6/2010     JPY      19.13
Lehman Brothers Tr    8.60   7/31/2013     GBP       4.83
Lehman Brothers Tr    8.28   7/31/2013     GBP       4.83
Lehman Brothers Tr    7.50   7/31/2013     GBP       4.83
Lehman Brothers Tr    7.32   7/31/2013     GBP       4.83
UBS AG/London        24.50   3/29/2016     EUR      72.70
UBS AG/London        22.25   6/24/2016     EUR      59.82
UBS AG/London        23.00  12/29/2015     EUR      75.05
UBS AG/London         7.75  12/22/2017     EUR      73.30
UBS AG/London        24.75   3/29/2016     EUR      57.60
UBS AG/London        18.50  12/29/2015     EUR      59.70
UBS AG/London         5.75   6/24/2016     EUR      76.09
UBS AG/London         9.00  12/29/2015     EUR      59.42
UBS AG/London        14.75   9/25/2015     EUR      59.44
Vontobel Financial    6.55    9/4/2015     EUR      78.90
HSBC Trinkaus & Bu   13.00   9/25/2015     EUR      61.41
HSBC Trinkaus & Bu    9.00   9/25/2015     EUR      66.29
Raiffeisen Centrob   10.59   7/22/2015     EUR      77.54
Raiffeisen Centrob    6.95   1/20/2016     EUR      73.11
Commerzbank AG        7.25   6/23/2016     EUR      75.08
Commerzbank AG        8.00   6/23/2016     EUR      74.18
DZ Bank AG Deutsch    7.10    8/7/2015     EUR      66.74
DZ Bank AG Deutsch    9.10    8/7/2015     EUR      63.06
Leonteq Securities   13.00    9/2/2015     CHF      51.34
Notenstein Privatb    9.10   8/29/2016     CHF      59.80
Bank Julius Baer &    7.00   8/28/2015     USD      55.40
Commerzbank AG        9.00   7/23/2015     EUR      58.55
Vontobel Financial    8.00   8/28/2015     EUR      63.79
DZ Bank AG Deutsch    6.50   8/28/2015     EUR      64.21
DZ Bank AG Deutsch    5.00   8/28/2015     EUR      67.69
DZ Bank AG Deutsch    6.00   8/28/2015     EUR      64.56
Vontobel Financial    9.20   9/25/2015     EUR      73.05
Commerzbank AG        6.75   6/23/2016     EUR      76.29
UBS AG/London         7.50   8/13/2015     CHF      37.78
Commerzbank AG        7.00   8/13/2015     EUR      65.10
Vontobel Financial    5.00   9/23/2016     EUR      70.39
DZ Bank AG Deutsch    5.25   9/25/2015     EUR      68.10
DZ Bank AG Deutsch    5.25  12/28/2015     EUR      68.46
Leonteq Securities   15.20   12/2/2015     CHF      50.28
Leonteq Securities   20.00   12/8/2015     USD      35.77
BNP Paribas Emissi    5.00   9/24/2015     EUR      72.18
BNP Paribas Emissi    6.00   9/24/2015     EUR      68.16
BNP Paribas Emissi    6.00  12/24/2015     EUR      68.70
BNP Paribas Emissi    7.25  12/24/2015     EUR      65.71
BNP Paribas Emissi    8.50  12/24/2015     EUR      63.01
BNP Paribas Emissi    6.75   9/24/2015     EUR      75.35
Credit Suisse AG/N   10.25   8/28/2015     USD      50.02
HSBC Trinkaus & Bu   10.00   9/25/2015     EUR      68.64
HSBC Trinkaus & Bu    6.50  12/28/2015     EUR      74.22
HSBC Trinkaus & Bu    7.00   8/28/2015     EUR      72.27
HSBC Trinkaus & Bu    8.50   8/28/2015     EUR      61.19
DekaBank Deutsche     3.40   6/10/2016     EUR      64.97
Credit Suisse AG/L    7.00   8/27/2015     CHF      75.48
Credit Suisse AG/N    8.50   2/29/2016     USD      63.16
HSBC Trinkaus & Bu    6.50   9/25/2015     EUR      64.89
Commerzbank AG        8.50   7/23/2015     EUR      67.71
BNP Paribas Emissi    7.50   9/24/2015     EUR      64.64
BNP Paribas Emissi    9.00   9/24/2015     EUR      61.50
BNP Paribas Emissi    5.00  12/24/2015     EUR      72.08
BNP Paribas Emissi    6.25  12/24/2015     EUR      76.69
Commerzbank AG        7.25   7/23/2015     EUR      65.35
Bank Julius Baer &    6.90   8/14/2015     EUR      70.50
Goldman Sachs & Co    7.00   8/26/2015     EUR      69.66
Notenstein Privatb    9.10   8/29/2016     CHF      42.79
Credit Suisse AG/L   11.00   8/28/2015     USD      40.72
Commerzbank AG       24.25   7/23/2015     EUR      51.28
Leonteq Securities   11.00   8/25/2015     USD      55.15
Lehman Brothers Tr    3.20   3/19/2018     JPY       4.83
HSBC Trinkaus & Bu    7.60   9/25/2015     EUR      70.30
HSBC Trinkaus & Bu    7.10  12/28/2015     EUR      71.92
HSBC Trinkaus & Bu    6.50  12/28/2015     EUR      71.64
HSBC Trinkaus & Bu    6.10  12/28/2015     EUR      71.46
HSBC Trinkaus & Bu    7.80   9/25/2015     EUR      58.34
HSBC Trinkaus & Bu    6.90   9/25/2015     EUR      58.16
HSBC Trinkaus & Bu    8.10  12/28/2015     EUR      60.09
HSBC Trinkaus & Bu    6.10  12/28/2015     EUR      59.17
HSBC Trinkaus & Bu    8.40   9/25/2015     EUR      71.46
HSBC Trinkaus & Bu    7.80   9/25/2015     EUR      71.34
HSBC Trinkaus & Bu    7.90  12/28/2015     EUR      72.79
HSBC Trinkaus & Bu    7.50  12/28/2015     EUR      72.61
HSBC Trinkaus & Bu    7.00  12/28/2015     EUR      72.38
HSBC Trinkaus & Bu    5.90  12/28/2015     EUR      71.87
Leonteq Securities    4.68   8/29/2017     CHF      74.42
Deutsche Bank AG      7.20   8/26/2015     EUR      75.00
Deutsche Bank AG      5.20   8/26/2015     EUR      72.10
Deutsche Bank AG      7.20   8/26/2015     EUR      72.40
Deutsche Bank AG      5.20  10/21/2015     EUR      75.40
Deutsche Bank AG      7.20  10/21/2015     EUR      76.00
Deutsche Bank AG      6.20  10/21/2015     EUR      73.10
Deutsche Bank AG      5.20  10/21/2015     EUR      72.80
Commerzbank AG        6.50   8/27/2015     EUR      73.61
Commerzbank AG        7.50   8/27/2015     EUR      71.81
Commerzbank AG        8.50   8/27/2015     EUR      70.10
Commerzbank AG        9.75   8/27/2015     EUR      68.54
HSBC Trinkaus & Bu    8.70   7/24/2015     EUR      73.46
HSBC Trinkaus & Bu   11.50   9/25/2015     EUR      69.36
Vontobel Financial    6.45   9/11/2015     EUR      62.24
Vontobel Financial    8.05   9/11/2015     EUR      60.38
Vontobel Financial    5.10   9/11/2015     EUR      64.30
Vontobel Financial    5.10   9/11/2015     EUR      74.67
Vontobel Financial    7.00  12/11/2015     EUR      71.66
BNP Paribas Emissi    5.10  10/21/2015     EUR      69.99
Leonteq Securities    9.50    9/8/2016     USD      58.41
Leonteq Securities    8.64    9/8/2016     CHF      58.94
DZ Bank AG Deutsch    5.00   9/25/2015     EUR      75.05
DZ Bank AG Deutsch    8.50   9/25/2015     EUR      69.75
UBS AG/London        11.25   8/27/2015     CHF      38.30
Commerzbank AG        8.75   8/27/2015     EUR      57.81
Commerzbank AG       10.75   8/27/2015     EUR      55.21
Commerzbank AG       10.25   8/27/2015     EUR      71.81
Commerzbank AG       14.00   8/27/2015     EUR      69.61
Commerzbank AG       17.25   8/27/2015     EUR      61.56
Commerzbank AG       20.50   8/27/2015     EUR      55.20
Commerzbank AG       23.75   8/27/2015     EUR      49.89
Commerzbank AG        6.25   8/27/2015     EUR      63.79
Commerzbank AG        8.25   8/27/2015     EUR      60.79
Bank Julius Baer &    7.00   9/12/2016     CHF      75.75
UniCredit Bank AG     4.50   9/24/2015     EUR      62.68
UniCredit Bank AG     4.00   9/24/2015     EUR      64.49
UniCredit Bank AG     5.60   9/24/2015     EUR      60.23
UniCredit Bank AG     4.25   9/24/2015     EUR      67.85
UniCredit Bank AG     4.50   9/24/2015     EUR      66.64
UniCredit Bank AG     4.00   9/24/2015     EUR      69.16
UniCredit Bank AG     5.20   9/24/2015     EUR      64.33
UniCredit Bank AG     5.60   9/24/2015     EUR      63.28
UniCredit Bank AG     6.25   9/24/2015     EUR      61.22
Commerzbank AG        6.75   8/27/2015     EUR      60.72
Vontobel Financial    6.40   9/25/2015     EUR      72.50
DZ Bank AG Deutsch    5.70    9/7/2015     EUR      62.63
Notenstein Privatb    5.04   8/28/2017     CHF      74.28
Notenstein Privatb   10.00    9/5/2016     CHF      57.97
Commerzbank AG        6.50   8/27/2015     EUR      68.68
Goldman Sachs & Co   16.00   7/22/2015     EUR      62.78
Goldman Sachs & Co    8.00   8/26/2015     EUR      72.29
HSBC Trinkaus & Bu    6.70   9/25/2015     EUR      70.12
HSBC Trinkaus & Bu    6.00   9/25/2015     EUR      69.98
HSBC Trinkaus & Bu    8.50   9/25/2015     EUR      58.47
HSBC Trinkaus & Bu    7.60  12/28/2015     EUR      59.86
HSBC Trinkaus & Bu    7.00  12/28/2015     EUR      59.58
HSBC Trinkaus & Bu    7.10   9/25/2015     EUR      71.20
Deutsche Bank AG      6.20   8/26/2015     EUR      72.20
Deutsche Bank AG      6.20  10/21/2015     EUR      75.70
Deutsche Bank AG      7.20  10/21/2015     EUR      73.40
Commerzbank AG        5.50   8/27/2015     EUR      75.52
HSBC Trinkaus & Bu    6.00  12/28/2015     EUR      65.11
HSBC Trinkaus & Bu    6.00  12/28/2015     EUR      71.45
Commerzbank AG        6.00   8/27/2015     EUR      76.13
Commerzbank AG        9.25   8/27/2015     EUR      72.64
Commerzbank AG       11.75   8/27/2015     EUR      69.40
Notenstein Privatb    7.20    9/3/2015     EUR      48.03
Credit Suisse AG/L    7.50   9/10/2015     CHF      75.28
Vontobel Financial    7.80   9/11/2015     EUR      70.01
DZ Bank AG Deutsch    7.75   9/25/2015     EUR      61.53
DZ Bank AG Deutsch    7.00  12/28/2015     EUR      63.34
Commerzbank AG        5.75   8/27/2015     EUR      67.12
Commerzbank AG        7.75   8/27/2015     EUR      63.86
Commerzbank AG       10.00   8/27/2015     EUR      60.99
Bank Julius Baer &    7.40    9/9/2015     CHF      39.30
UniCredit Bank AG     5.00   9/24/2015     EUR      65.50
UniCredit Bank AG     6.00   9/24/2015     EUR      62.25
UniCredit Bank AG     5.00   9/24/2015     EUR      61.85
UniCredit Bank AG     6.00   9/24/2015     EUR      59.45
UniCredit Bank AG     4.25   9/24/2015     EUR      63.58
Vontobel Financial    5.80  12/28/2015     EUR      73.85
HSBC Trinkaus & Bu    6.00  12/28/2015     EUR      77.32
HSBC Trinkaus & Bu    6.00  12/28/2015     EUR      58.06
HSBC Trinkaus & Bu    8.90   7/24/2015     EUR      69.20
HSBC Trinkaus & Bu    8.00  10/23/2015     EUR      71.13
HSBC Trinkaus & Bu    7.40  12/28/2015     EUR      72.22
HSBC Trinkaus & Bu    6.00  12/28/2015     EUR      40.69
Lehman Brothers Tr    3.00   9/13/2010     JPY      19.13
Lehman Brothers Tr    9.25   6/20/2012     USD       4.83
BNP Paribas Emissi    7.25  10/22/2015     EUR      64.91
BNP Paribas Emissi    7.00   1/21/2016     EUR      65.99
Goldman Sachs & Co   11.00   9/23/2015     EUR      64.58
Goldman Sachs & Co   11.00   9/23/2015     EUR      64.58
Goldman Sachs & Co   11.00   9/23/2015     EUR      64.58
Goldman Sachs & Co   11.00  10/21/2015     EUR      65.43
Goldman Sachs & Co   11.00  10/21/2015     EUR      65.43
Goldman Sachs & Co    9.00   3/23/2016     EUR      68.59
Goldman Sachs & Co    9.00   3/23/2016     EUR      68.59
Goldman Sachs & Co    9.00   3/23/2016     EUR      68.59
Notenstein Privatb    5.50   9/26/2016     CHF      60.21
Notenstein Privatb    5.00   9/26/2016     CHF      61.28
DZ Bank AG Deutsch    5.50   2/26/2016     EUR      66.39
UBS AG               21.75  12/29/2015     EUR      59.86
UBS AG               18.75   3/29/2016     EUR      70.19
Credit Suisse AG/L    7.00   11/2/2015     CHF      68.45
Credit Suisse AG/N    8.63   11/2/2015     CHF      75.55
UBS AG               11.50   6/24/2016     EUR      71.04
UBS AG               17.25   6/24/2016     EUR      72.94
Zurcher Kantonalba   14.00   7/29/2015     EUR      66.93
UBS AG               21.50   3/29/2016     EUR      73.74
UBS AG               23.75  12/29/2015     EUR      66.61
UBS AG               10.25   6/24/2016     EUR      73.74
UBS AG               16.25   6/24/2016     EUR      74.89
UBS AG               13.25   6/24/2016     EUR      73.74
Leonteq Securities   11.60   8/12/2015     USD      54.19
LBBW                  6.00  10/23/2015     EUR      75.19
HSBC Trinkaus & Bu    6.50   9/25/2015     EUR      75.12
UBS AG               13.25  12/29/2015     EUR      57.09
UBS AG                8.75   9/25/2015     EUR      69.61
Credit Suisse AG/N    7.50  11/16/2015     CHF      71.73
UBS AG                6.50  12/29/2015     EUR      75.24
Raiffeisen Centrob   10.78   7/22/2015     EUR      71.91
Raiffeisen Centrob    9.12   7/22/2015     EUR      69.66
Raiffeisen Centrob    8.24   1/20/2016     EUR      70.11
HSBC Trinkaus & Bu    6.00   12/6/2016     EUR      69.76
DZ Bank AG Deutsch    7.25   9/11/2015     EUR      68.46
DZ Bank AG Deutsch    7.75   9/11/2015     EUR      68.54
Credit Suisse AG/N    7.50  11/23/2015     CHF      72.25
Vontobel Financial    6.50   9/11/2015     EUR      72.26
Vontobel Financial    8.90   9/11/2015     EUR      67.89
Vontobel Financial   10.45   9/11/2015     EUR      62.75
Vontobel Financial    8.65   9/11/2015     EUR      65.69
Vontobel Financial    6.95   9/11/2015     EUR      69.00
Vontobel Financial    5.35   9/11/2015     EUR      72.74
Vontobel Financial    4.00   9/11/2015     EUR      76.99
Vontobel Financial    7.80   9/11/2015     EUR      64.59
Notenstein Privatb    6.60   5/19/2016     CHF      74.83
Vontobel Financial    4.55   9/11/2015     EUR      68.78
Zurcher Kantonalba    9.20   8/24/2015     CHF      72.15
Leonteq Securities    6.70    6/6/2016     USD      60.40
DZ Bank AG Deutsch    7.00   9/25/2015     EUR      68.87
HSBC Trinkaus & Bu    7.00   9/25/2015     EUR      65.80
Raiffeisen Centrob    7.24   7/22/2015     EUR      73.02
Bank Julius Baer &    7.30   1/19/2016     CHF      65.25
Raiffeisen Centrob    9.87   7/22/2015     EUR      67.38
Deutsche Bank AG      7.20   9/22/2015     EUR      75.90
Deutsche Bank AG      5.20   9/22/2015     EUR      71.30
Goldman Sachs & Co    8.00   9/23/2015     EUR      69.47
Credit Suisse AG/L    7.60  10/15/2015     CHF      60.08
Raiffeisen Centrob    8.56   7/22/2015     EUR      67.13
Bank Julius Baer &    7.50   1/19/2016     USD      65.00
Raiffeisen Centrob    7.90   7/22/2015     EUR      74.02
Deutsche Bank AG      6.20   9/22/2015     EUR      75.70
DZ Bank AG Deutsch    6.00   7/10/2015     EUR      69.62
UBS AG               24.00  12/29/2015     EUR      57.05
UBS AG               19.25   3/29/2016     EUR      63.59
UBS AG               19.75   6/24/2016     EUR      63.99
UBS AG               18.00   6/24/2016     EUR      66.10
Goldman Sachs & Co    9.00   9/23/2015     EUR      73.59
Goldman Sachs & Co   12.00   9/23/2015     EUR      66.55
UBS AG               17.50   6/24/2016     EUR      62.54
UBS AG               21.75   3/29/2016     EUR      56.98
UBS AG               24.50   9/25/2015     EUR      69.32
UBS AG               24.50  12/29/2015     EUR      69.56
UBS AG               22.00  12/29/2015     EUR      64.26
UBS AG               19.75   3/29/2016     EUR      68.21
UBS AG               22.50  12/29/2015     EUR      69.80
UBS AG               23.75  12/29/2015     EUR      49.17
UBS AG               22.25   3/29/2016     EUR      66.99
UBS AG               20.00  12/29/2015     EUR      52.92
UBS AG               24.50   9/25/2015     EUR      74.78
UBS AG               22.75   9/25/2015     EUR      48.13
UBS AG               21.25   3/29/2016     EUR      64.33
UBS AG               25.00  12/29/2015     EUR      62.59
UBS AG               25.00   9/25/2015     EUR      59.01
UBS AG               23.00  12/29/2015     EUR      53.54
UBS AG               24.25  12/29/2015     EUR      69.52
UBS AG               16.50   6/24/2016     EUR      63.87
UBS AG               21.25   3/29/2016     EUR      61.17
Goldman Sachs & Co    5.00   7/22/2015     EUR      76.34
Goldman Sachs & Co    7.00   7/22/2015     EUR      71.88
Goldman Sachs & Co    8.00   7/22/2015     EUR      67.70
Goldman Sachs & Co   10.00   7/22/2015     EUR      64.17
Goldman Sachs & Co   12.00   7/22/2015     EUR      60.99
Goldman Sachs & Co    6.00  12/23/2015     EUR      74.46
Goldman Sachs & Co    8.00  12/23/2015     EUR      71.46
Goldman Sachs & Co   10.00  12/23/2015     EUR      65.60
Raiffeisen Centrob    5.60   6/15/2016     EUR      73.16
Goldman Sachs & Co    7.00   7/22/2015     EUR      74.14
Goldman Sachs & Co    8.00   7/22/2015     EUR      71.52
Goldman Sachs & Co    9.00   7/22/2015     EUR      69.09
DZ Bank AG Deutsch    8.00   9/11/2015     EUR      67.35
Goldman Sachs & Co   11.00   7/22/2015     EUR      66.83
DZ Bank AG Deutsch    6.75   9/11/2015     EUR      67.15
Goldman Sachs & Co    6.00  12/23/2015     EUR      76.61
Goldman Sachs & Co    7.00  12/23/2015     EUR      74.50
Goldman Sachs & Co    8.00  12/23/2015     EUR      72.54
Goldman Sachs & Co    9.00  12/23/2015     EUR      70.71
DZ Bank AG Deutsch    5.25   9/11/2015     EUR      68.10
DZ Bank AG Deutsch    4.20   9/11/2015     EUR      76.65
DZ Bank AG Deutsch    4.90   9/11/2015     EUR      74.31
DZ Bank AG Deutsch    5.80   9/11/2015     EUR      72.01
DZ Bank AG Deutsch    5.75   9/25/2015     EUR      68.95
Vontobel Financial    6.05   9/25/2015     EUR      64.27
Vontobel Financial    4.40   9/25/2015     EUR      68.60
Barclays Bank PLC     4.17    1/5/2017     EUR      69.00
Leonteq Securities   12.20   7/22/2015     USD      59.70
Vontobel Financial    5.00    5/6/2016     EUR      71.20
Goldman Sachs & Co    6.00   9/23/2015     EUR      70.06
Goldman Sachs & Co    5.00   9/23/2015     EUR      77.32
Goldman Sachs & Co    6.00   9/23/2015     EUR      73.07
Goldman Sachs & Co    7.00   9/23/2015     EUR      69.28
BNP Paribas Emissi   10.00   7/23/2015     EUR      57.24
BNP Paribas Emissi    8.00   7/23/2015     EUR      57.80
Leonteq Securities    6.89  12/30/2015     USD      64.05
Goldman Sachs & Co   10.00   9/23/2015     EUR      63.04
Goldman Sachs & Co   11.00   9/23/2015     EUR      60.32
UBS AG                8.50   6/24/2016     EUR      76.33
UBS AG                9.50  12/29/2015     EUR      60.01
UBS AG               14.75   3/29/2016     EUR      62.89
UBS AG               12.25   9/25/2015     EUR      73.49
UniCredit Bank AG     5.50   7/23/2015     EUR      41.31
UniCredit Bank AG     5.00   7/23/2015     EUR      42.84
UniCredit Bank AG     5.50   7/23/2015     EUR      66.44
UniCredit Bank AG     5.20   7/23/2015     EUR      68.27
UniCredit Bank AG     4.80   7/23/2015     EUR      70.20
UBS AG                8.50  12/29/2015     EUR      71.69
UniCredit Bank AG     5.50   7/23/2015     EUR      71.62
DekaBank Deutsche     3.20   5/20/2016     EUR      73.24
UBS AG                7.25  12/29/2015     EUR      71.24
UBS AG               10.75  12/29/2015     EUR      67.45
Goldman Sachs & Co    6.00  11/25/2015     EUR      71.07
Goldman Sachs & Co    7.00  11/25/2015     EUR      71.43
Goldman Sachs & Co   10.00  11/25/2015     EUR      72.53
Goldman Sachs & Co   12.00  11/25/2015     EUR      71.12
Leonteq Securities   12.40   4/27/2016     CHF      58.59
Leonteq Securities   10.40   4/27/2016     CHF      64.06
Bank Julius Baer &   11.00  10/14/2015     CHF      46.60
UBS AG/London         7.50  10/15/2015     CHF      47.69
Commerzbank AG        9.50  10/22/2015     EUR      76.22
Commerzbank AG       10.50  10/22/2015     EUR      74.65
Leonteq Securities    5.20   11/7/2016     CHF      58.55
UniCredit Bank AG     5.00  11/26/2015     EUR      74.38
UniCredit Bank AG     5.50  11/26/2015     EUR      72.05
UniCredit Bank AG     4.65  11/26/2015     EUR      76.87
UniCredit Bank AG     4.75  11/26/2015     EUR      76.23
Commerzbank AG        5.50   7/23/2015     EUR      57.57
Commerzbank AG        9.00   7/23/2015     EUR      53.06
HSBC Trinkaus & Bu   12.00   9/25/2015     EUR      68.63
Leonteq Securities   13.40   1/14/2016     CHF      75.52
Zurcher Kantonalba    7.02   10/9/2015     CHF      53.15
Zurcher Kantonalba   11.03    8/7/2015     CHF      48.20
Commerzbank AG        6.75   7/23/2015     EUR      58.83
Vontobel Financial    7.05  10/23/2015     EUR      68.45
Vontobel Financial    9.75  10/23/2015     EUR      65.02
Vontobel Financial    4.75  10/23/2015     EUR      72.54
Notenstein Privatb    4.00    2/1/2016     EUR      58.30
Leonteq Securities   13.60    1/6/2016     CHF      61.60
UBS AG/London         5.00   7/31/2015     CHF      63.06
Vontobel Financial    7.30   7/10/2015     EUR      71.82
Vontobel Financial    4.10  12/11/2015     EUR      75.45
Vontobel Financial    4.05   3/11/2016     EUR      76.28
Vontobel Financial   27.40   9/25/2015     EUR      76.51
Vontobel Financial   27.95   9/25/2015     EUR      70.00
Leonteq Securities    8.00   8/15/2016     CHF      71.62
Leonteq Securities    9.60  11/18/2015     CHF      58.97
Leonteq Securities    9.00    4/8/2016     USD      14.32
Deutsche Bank AG      3.20   9/22/2015     EUR      74.70
Deutsche Bank AG      3.20   9/22/2015     EUR      72.10
Deutsche Bank AG      3.20   9/22/2015     EUR      69.60
Deutsche Bank AG      3.20  12/22/2015     EUR      75.30
Deutsche Bank AG      3.20  12/22/2015     EUR      72.70
Deutsche Bank AG      3.20  12/22/2015     EUR      70.30
UBS AG/London        24.25  12/29/2015     EUR      72.39
UBS AG/London         9.00   9/25/2015     EUR      54.18
UBS AG/London        14.00  12/23/2016     EUR      69.75
UBS AG/London        23.75   6/24/2016     EUR      70.25
UBS AG/London         9.00  12/29/2015     EUR      75.73
UBS AG/London        13.25   6/24/2016     EUR      71.82
UniCredit Bank AG     6.00   9/24/2015     EUR      67.75
DZ Bank AG Deutsch    5.60   10/7/2015     EUR      53.31
UniCredit Bank AG     5.50   9/24/2015     EUR      69.96
UniCredit Bank AG     6.50   9/24/2015     EUR      65.71
UniCredit Bank AG     5.00   9/24/2015     EUR      72.29
Credit Suisse AG/N    8.38  10/15/2015     USD      69.26
UniCredit Bank AG     4.50   9/24/2015     EUR      74.81
DZ Bank AG Deutsch    7.50   9/25/2015     EUR      55.66
DZ Bank AG Deutsch    5.75   8/28/2015     EUR      68.75
DZ Bank AG Deutsch   10.00   8/28/2015     EUR      63.27
DZ Bank AG Deutsch    8.25   7/24/2015     EUR      53.17
DZ Bank AG Deutsch    7.25   9/25/2015     EUR      71.71
Vontobel Financial    9.70   9/11/2015     EUR      69.87
Vontobel Financial    7.25  12/11/2015     EUR      73.92
Vontobel Financial    8.65  12/11/2015     EUR      71.67
Vontobel Financial    5.50   8/14/2015     EUR      57.58
Commerzbank AG        5.00   9/24/2015     EUR      72.95
Vontobel Financial    7.25  12/28/2015     EUR      74.51
Vontobel Financial    7.00  10/30/2015     EUR      75.10
Commerzbank AG        5.75   9/24/2015     EUR      76.60
Commerzbank AG        6.75   9/24/2015     EUR      74.74
Commerzbank AG        7.75   9/24/2015     EUR      73.01
Commerzbank AG        7.75   9/24/2015     EUR      75.30
Commerzbank AG        9.50   9/24/2015     EUR      56.35
Commerzbank AG       11.50   9/24/2015     EUR      53.88
Commerzbank AG       13.75   9/24/2015     EUR      51.74
BNP Paribas Emissi    9.00   1/21/2016     EUR      58.18
Deutsche Bank AG     10.00   7/22/2015     EUR      62.80
Deutsche Bank AG     10.00   8/26/2015     EUR      63.80
Deutsche Bank AG     10.00   9/22/2015     EUR      64.50
Deutsche Bank AG     10.00  10/21/2015     EUR      65.30
Deutsche Bank AG     10.00  11/25/2015     EUR      66.20
Deutsche Bank AG     10.00  12/22/2015     EUR      67.00
UBS AG/London        10.25   9/25/2015     EUR      49.44
UBS AG/London        24.75   9/25/2015     EUR      65.90
Leonteq Securities   14.00  10/20/2015     CHF      68.47
Leonteq Securities    9.00  10/20/2015     CHF      53.97
HSBC Trinkaus & Bu   17.10   9/25/2015     EUR      43.51
HSBC Trinkaus & Bu   13.40   9/25/2015     EUR      45.97
HSBC Trinkaus & Bu   12.80   7/24/2015     EUR      45.52
HSBC Trinkaus & Bu   11.30  10/23/2015     EUR      48.06
Goldman Sachs & Co   15.00   7/22/2015     EUR      77.16
Goldman Sachs & Co   17.00   7/22/2015     EUR      74.36
Goldman Sachs & Co   16.00   8/26/2015     EUR      75.86
Goldman Sachs & Co   15.00   9/23/2015     EUR      76.96
Commerzbank AG        8.50  10/22/2015     EUR      75.71
DZ Bank AG Deutsch   10.00   9/25/2015     EUR      74.18
DZ Bank AG Deutsch    7.75  12/28/2015     EUR      75.43
DZ Bank AG Deutsch    7.75  11/27/2015     EUR      61.73
Leonteq Securities    9.07    5/3/2016     GBP      66.05
UBS AG/London         9.06  10/23/2015     CHF      52.00
UBS AG/London        12.88  10/23/2015     CHF      53.15
UBS AG/London         7.54  10/23/2015     CHF      61.65
Commerzbank AG        8.00  10/22/2015     EUR      74.76
HSBC Trinkaus & Bu   11.00   7/24/2015     EUR      74.36
HSBC Trinkaus & Bu    9.50  10/23/2015     EUR      76.60
HSBC Trinkaus & Bu   13.50   7/24/2015     EUR      51.97
HSBC Trinkaus & Bu   11.60  10/23/2015     EUR      54.69
Leonteq Securities   12.40    2/3/2016     CHF      62.82
Deutsche Bank AG      6.20   9/22/2015     EUR      74.20
Deutsche Bank AG      5.20   9/22/2015     EUR      70.90
Deutsche Bank AG      5.20   9/22/2015     EUR      57.90
Deutsche Bank AG      7.20   9/22/2015     EUR      58.30
Deutsche Bank AG      6.20   9/22/2015     EUR      58.10
Deutsche Bank AG      5.20   9/22/2015     EUR      55.10
Deutsche Bank AG      7.20   9/22/2015     EUR      52.90
Vontobel Financial    5.05   7/10/2015     EUR      54.91
Deutsche Bank AG      3.20   7/22/2015     EUR      77.00
Deutsche Bank AG      3.20   7/22/2015     EUR      74.20
Deutsche Bank AG      3.20   8/26/2015     EUR      77.30
Deutsche Bank AG      3.20   8/26/2015     EUR      74.50
Deutsche Bank AG      3.20  10/21/2015     EUR      74.90
Deutsche Bank AG      3.20  11/25/2015     EUR      75.10
UniCredit Bank AG     4.40  10/22/2015     EUR      70.06
DZ Bank AG Deutsch    8.75  10/23/2015     EUR      76.15
DZ Bank AG Deutsch    7.00  10/23/2015     EUR      58.23
Bank Julius Baer &   14.20  10/28/2015     CHF      51.45
Credit Suisse AG/N    5.00    6/6/2016     CHF      73.20
DZ Bank AG Deutsch    7.30   9/11/2015     EUR      70.05
UniCredit Bank AG     5.50   7/23/2015     EUR      53.80
UniCredit Bank AG     4.50   7/23/2015     EUR      58.37
UniCredit Bank AG     4.00   7/23/2015     EUR      60.07
Goldman Sachs & Co    6.00   7/22/2015     EUR      71.86
UniCredit Bank AG     5.50   7/23/2015     EUR      72.75
Goldman Sachs & Co    7.00  12/23/2015     EUR      71.01
UniCredit Bank AG     5.20   7/23/2015     EUR      75.48
Goldman Sachs & Co   11.00  12/23/2015     EUR      63.14
Goldman Sachs & Co   11.00  12/23/2015     EUR      67.46
Goldman Sachs & Co    4.00   7/22/2015     EUR      66.66
Goldman Sachs & Co    6.00   7/22/2015     EUR      66.70
Goldman Sachs & Co    7.00   7/22/2015     EUR      66.72
Goldman Sachs & Co   10.00   7/22/2015     EUR      66.79
Goldman Sachs & Co   10.00   7/22/2015     EUR      66.79
Goldman Sachs & Co   10.00   7/22/2015     EUR      66.79
Goldman Sachs & Co    5.00  12/23/2015     EUR      68.79
Goldman Sachs & Co    6.00  12/23/2015     EUR      69.23
Goldman Sachs & Co    7.00  12/23/2015     EUR      69.67
Goldman Sachs & Co    8.00  12/23/2015     EUR      70.11
Goldman Sachs & Co    8.00  12/23/2015     EUR      70.11
Goldman Sachs & Co    9.00  12/23/2015     EUR      70.56
Goldman Sachs & Co    9.00  12/23/2015     EUR      70.56
DZ Bank AG Deutsch    5.50   9/11/2015     EUR      76.25
Notenstein Privatb    6.10  12/30/2015     EUR      62.59
Credit Suisse AG/N    6.50   1/11/2016     CHF      72.23
Notenstein Privatb    6.50    7/2/2018     USD      73.65
DZ Bank AG Deutsch    7.25   7/24/2015     EUR      56.03
DZ Bank AG Deutsch    6.75   7/24/2015     EUR      71.95
DZ Bank AG Deutsch   16.00   7/24/2015     EUR      32.56
Vontobel Financial    5.50   7/24/2015     EUR      65.01
Credit Suisse AG/N    8.25   1/11/2016     CHF      42.38
Leonteq Securities    5.25    1/4/2016     CHF      71.57
Leonteq Securities    8.00    7/7/2016     USD      61.83
Vontobel Financial    7.60   9/11/2015     EUR      75.66
Vontobel Financial    9.35   9/11/2015     EUR      72.76
Vontobel Financial    5.85   9/25/2015     EUR      67.65
Notenstein Privatb    8.00   1/11/2016     EUR      68.53
Vontobel Financial    5.85   9/25/2015     EUR      72.39
UniCredit Bank AG     4.00   9/24/2015     EUR      80.00
UniCredit Bank AG     4.00   9/24/2015     EUR      38.00
UniCredit Bank AG     4.00   9/24/2015     EUR      72.11
UniCredit Bank AG     4.00   9/24/2015     EUR      38.87
Deutsche Bank AG      7.20  12/22/2015     EUR      71.40
Deutsche Bank AG      7.20  12/22/2015     EUR      67.90
Deutsche Bank AG      5.20  12/22/2015     EUR      67.00
Deutsche Bank AG      6.20   9/22/2015     EUR      65.90
Deutsche Bank AG      7.20   9/22/2015     EUR      69.70
Deutsche Bank AG      7.20   9/22/2015     EUR      62.90
Deutsche Bank AG      6.20  12/22/2015     EUR      71.00
Deutsche Bank AG      7.20  12/22/2015     EUR      64.70
Deutsche Bank AG      5.20  12/22/2015     EUR      70.50
Deutsche Bank AG      6.20   9/22/2015     EUR      62.70
Deutsche Bank AG      5.20   7/22/2015     EUR      72.50
Deutsche Bank AG      5.20   9/22/2015     EUR      62.50
Deutsche Bank AG      5.20   8/26/2015     EUR      77.50
Deutsche Bank AG      5.20   8/26/2015     EUR      68.90
Deutsche Bank AG      5.20   9/22/2015     EUR      69.30
Deutsche Bank AG      5.20   9/22/2015     EUR      65.70
Deutsche Bank AG      6.20  12/22/2015     EUR      67.50
Deutsche Bank AG      5.20  12/22/2015     EUR      63.80
Deutsche Bank AG      5.20   7/22/2015     EUR      77.00
Deutsche Bank AG      6.20   7/22/2015     EUR      77.00
Deutsche Bank AG      6.20   7/22/2015     EUR      72.50
Deutsche Bank AG      5.20  12/22/2015     EUR      68.90
Deutsche Bank AG      6.20   7/22/2015     EUR      68.50
Deutsche Bank AG      6.20   8/26/2015     EUR      73.10
Deutsche Bank AG      6.20  12/22/2015     EUR      64.20
Deutsche Bank AG      7.20   9/22/2015     EUR      66.10
Deutsche Bank AG      6.20  12/22/2015     EUR      69.40
Deutsche Bank AG      7.20   9/22/2015     EUR      70.40
Deutsche Bank AG      5.20   9/22/2015     EUR      67.70
Deutsche Bank AG      6.20  12/22/2015     EUR      71.70
Deutsche Bank AG      6.20  12/22/2015     EUR      76.60
Deutsche Bank AG      7.20  12/22/2015     EUR      69.80
Deutsche Bank AG      6.20   9/22/2015     EUR      67.90
Deutsche Bank AG      5.20  12/22/2015     EUR      76.20
Deutsche Bank AG      5.20   9/22/2015     EUR      70.00
Deutsche Bank AG      5.20  12/22/2015     EUR      71.20
Deutsche Bank AG      7.20  12/22/2015     EUR      74.50
Deutsche Bank AG      5.20  12/22/2015     EUR      73.60
Deutsche Bank AG      7.20   9/22/2015     EUR      68.10
Deutsche Bank AG      5.20   7/22/2015     EUR      68.40
Deutsche Bank AG      7.20  12/22/2015     EUR      77.10
Deutsche Bank AG      6.20   8/26/2015     EUR      77.60
Deutsche Bank AG      6.20  12/22/2015     EUR      74.10
Deutsche Bank AG      5.20   8/26/2015     EUR      72.90
Deutsche Bank AG      6.20   8/26/2015     EUR      69.10
Deutsche Bank AG      7.20  12/22/2015     EUR      72.10
Deutsche Bank AG      6.20   9/22/2015     EUR      70.20
Deutsche Bank AG      5.20   7/22/2015     EUR      74.20
Deutsche Bank AG      6.20   8/26/2015     EUR      74.90
Deutsche Bank AG      6.20   7/22/2015     EUR      74.30
Deutsche Bank AG      5.20   8/26/2015     EUR      74.70
Deutsche Bank AG      6.20   7/22/2015     EUR      77.10
Deutsche Bank AG      5.20   7/22/2015     EUR      77.10
Deutsche Bank AG      6.20   9/22/2015     EUR      69.50
Vontobel Financial    5.40   9/25/2015     EUR      75.70
Credit Suisse AG/N    8.50   7/20/2015     USD      54.39
Leonteq Securities    6.00   7/14/2015     USD      42.51
Deutsche Bank AG      5.20   9/22/2015     EUR      50.00
Deutsche Bank AG      5.20  12/22/2015     EUR      51.30
Deutsche Bank AG      6.20   9/22/2015     EUR      50.20
Deutsche Bank AG      7.20   9/22/2015     EUR      50.40
Deutsche Bank AG      7.20  12/22/2015     EUR      56.00
Deutsche Bank AG      7.20  12/22/2015     EUR      52.20
Deutsche Bank AG      6.20   9/22/2015     EUR      54.00
Deutsche Bank AG      5.20   9/22/2015     EUR      53.80
Deutsche Bank AG      7.20   9/22/2015     EUR      54.20
Deutsche Bank AG      5.20  12/22/2015     EUR      55.10
Bank Julius Baer &    6.00   7/17/2015     USD      74.85
Deutsche Bank AG      6.20  12/22/2015     EUR      51.80
Deutsche Bank AG      7.20   9/22/2015     EUR      55.50
Deutsche Bank AG      6.20   9/22/2015     EUR      55.30
BNP Paribas Emissi    7.00  10/22/2015     EUR      43.85
BNP Paribas Emissi    9.00  10/22/2015     EUR      58.95
Notenstein Privatb    7.50   6/23/2016     CHF      76.34
Raiffeisen Centrob    7.55   1/20/2016     EUR      64.06
Raiffeisen Centrob    5.98   1/20/2016     EUR      66.82
Raiffeisen Centrob    6.29   1/20/2016     EUR      61.80
Goldman Sachs & Co    8.00   7/22/2015     EUR      69.04
Goldman Sachs & Co   10.00   7/22/2015     EUR      76.45
Goldman Sachs & Co   13.00   7/22/2015     EUR      72.01
Goldman Sachs & Co   12.00   9/23/2015     EUR      74.23
Goldman Sachs & Co   11.00  12/23/2015     EUR      76.67
UniCredit Bank AG     5.25   9/24/2015     EUR      43.25
UniCredit Bank AG     4.25   9/24/2015     EUR      45.24
UniCredit Bank AG     5.40   9/24/2015     EUR      42.78
UniCredit Bank AG     6.75   9/24/2015     EUR      74.59
UniCredit Bank AG     5.20   9/24/2015     EUR      77.68
UniCredit Bank AG     4.00   9/24/2015     EUR      61.64
UniCredit Bank AG     4.50   9/24/2015     EUR      60.00
UniCredit Bank AG     6.50   9/24/2015     EUR      56.40
UniCredit Bank AG     5.50   9/24/2015     EUR      57.73
UniCredit Bank AG     5.75   9/24/2015     EUR      41.84
UniCredit Bank AG     7.50   9/24/2015     EUR      73.67
UniCredit Bank AG     6.00   9/24/2015     EUR      75.54
UniCredit Bank AG     4.80   9/24/2015     EUR      44.22
UniCredit Bank AG     5.00   9/24/2015     EUR      58.43
UniCredit Bank AG     5.50   9/24/2015     EUR      76.58
UniCredit Bank AG     4.90   9/24/2015     EUR      43.97
UniCredit Bank AG     4.75   9/24/2015     EUR      44.49
DZ Bank AG Deutsch    7.00   9/11/2015     EUR      76.88
DZ Bank AG Deutsch    6.25   9/11/2015     EUR      76.76
DZ Bank AG Deutsch    5.50   9/11/2015     EUR      76.64
Vontobel Financial    5.40   3/11/2016     EUR      70.09
Zurcher Kantonalba    8.80   1/14/2016     CHF      54.83
UBS AG                9.00    7/3/2017     CHF      63.67
UBS AG/London         3.80  12/23/2015     EUR      75.82
UBS AG/London         5.00  12/23/2015     EUR      72.31
Leonteq Securities    9.40   10/8/2015     USD      69.63
Banque Cantonale V    1.00    7/7/2016     CHF      26.09
Credit Suisse AG/L    4.00    1/4/2016     EUR      68.71
DZ Bank AG Deutsch    5.25   7/24/2015     EUR      68.18
DZ Bank AG Deutsch    9.25   7/24/2015     EUR      62.28
HSBC Trinkaus & Bu   10.50   9/25/2015     EUR      71.27
HSBC Trinkaus & Bu   12.00   9/25/2015     EUR      76.39
HSBC Trinkaus & Bu   11.00   9/25/2015     EUR      74.45
HSBC Trinkaus & Bu   12.50   9/25/2015     EUR      58.05
HSBC Trinkaus & Bu    8.50   9/25/2015     EUR      62.29
HSBC Trinkaus & Bu    6.50   7/24/2015     EUR      64.69
HSBC Trinkaus & Bu   15.00   9/25/2015     EUR      47.89
HSBC Trinkaus & Bu   12.00   9/25/2015     EUR      51.58
HSBC Trinkaus & Bu    7.50   9/25/2015     EUR      58.44
HSBC Trinkaus & Bu    9.00   7/24/2015     EUR      54.43
HSBC Trinkaus & Bu    9.00   9/25/2015     EUR      76.16
HSBC Trinkaus & Bu   13.00   9/25/2015     EUR      70.51
HSBC Trinkaus & Bu    9.50   9/25/2015     EUR      75.68
HSBC Trinkaus & Bu   14.50   9/25/2015     EUR      69.30
HSBC Trinkaus & Bu   11.00   9/25/2015     EUR      75.00
HSBC Trinkaus & Bu   10.00   7/24/2015     EUR      75.54
HSBC Trinkaus & Bu   12.50   9/25/2015     EUR      62.13
HSBC Trinkaus & Bu   10.00   9/25/2015     EUR      66.39
HSBC Trinkaus & Bu    7.00   9/25/2015     EUR      71.35
HSBC Trinkaus & Bu    8.50   7/24/2015     EUR      67.36
Credit Suisse AG/N    7.00   11/2/2015     CHF      67.90
UBS AG               16.75   6/24/2016     EUR      75.22
UBS AG               24.50  12/29/2015     EUR      52.75
UBS AG               13.50   6/24/2016     EUR      67.87
UBS AG               23.50  12/29/2015     EUR      48.40
UBS AG               14.75   6/24/2016     EUR      70.49
UBS AG               13.25   9/25/2015     EUR      55.02
Deutsche Bank AG      7.20   9/22/2015     EUR      71.70
Deutsche Bank AG      7.20   9/22/2015     EUR      67.90
Deutsche Bank AG      6.20   9/22/2015     EUR      71.50
Deutsche Bank AG      7.20   9/22/2015     EUR      75.50
Deutsche Bank AG      6.20   9/22/2015     EUR      75.30
Deutsche Bank AG      6.20   9/22/2015     EUR      72.70
Deutsche Bank AG      4.20   9/22/2015     EUR      77.60
Deutsche Bank AG      3.20   9/22/2015     EUR      77.40
Vontobel Financial    9.20   9/25/2015     EUR      62.92
Vontobel Financial    5.90   9/25/2015     EUR      69.07
Commerzbank AG        1.88   4/22/2016     EUR      73.18
UniCredit Bank AG     4.85  11/26/2015     EUR      75.60
UniCredit Bank AG     5.25  11/26/2015     EUR      73.20
Commerzbank AG        7.50   9/24/2015     EUR      69.58
Commerzbank AG        9.50   9/24/2015     EUR      66.51
Commerzbank AG       11.25   9/24/2015     EUR      73.86
Commerzbank AG       20.50   9/24/2015     EUR      74.68
Commerzbank AG       23.75   9/24/2015     EUR      68.78
Commerzbank AG       26.75   9/24/2015     EUR      63.18
Zurcher Kantonalba    5.75   11/6/2015     CHF      59.48
Goldman Sachs & Co   15.00   7/22/2015     EUR      77.14
DZ Bank AG Deutsch    5.50   3/29/2016     EUR      70.63
DZ Bank AG Deutsch    8.50   3/29/2016     EUR      70.37
HSBC Trinkaus & Bu   17.30  12/28/2015     EUR      67.06
HSBC Trinkaus & Bu   23.10   9/25/2015     EUR      63.83
HSBC Trinkaus & Bu   14.40   3/25/2016     EUR      69.00
HSBC Trinkaus & Bu   10.10   1/22/2016     EUR      70.85
HSBC Trinkaus & Bu    9.10   4/22/2016     EUR      72.26
Vontobel Financial    5.00   4/22/2016     EUR      66.44
BNP Paribas Emissi    8.00   1/21/2016     EUR      72.90
BNP Paribas Emissi    9.50   1/21/2016     EUR      71.15
BNP Paribas Emissi    6.50   1/21/2016     EUR      74.81
BNP Paribas Emissi    8.50   7/21/2016     EUR      73.60
Zurcher Kantonalba    6.28   9/23/2016     CHF      70.20
BNP Paribas Emissi    6.50   7/21/2016     EUR      75.46
BNP Paribas Emissi   11.00   7/23/2015     EUR      71.70
BNP Paribas Emissi    6.50  10/22/2015     EUR      73.99
BNP Paribas Emissi    9.00  10/22/2015     EUR      71.85
BNP Paribas Emissi   11.00  10/22/2015     EUR      68.88
BNP Paribas Emissi    7.00   7/21/2016     EUR      74.40
DZ Bank AG Deutsch    7.90  12/28/2015     EUR      72.54
DZ Bank AG Deutsch    6.90   3/29/2016     EUR      73.48
HSBC Trinkaus & Bu    9.00   2/26/2016     EUR      71.01
DZ Bank AG Deutsch    9.40   9/25/2015     EUR      70.78
DZ Bank AG Deutsch    9.30   9/25/2015     EUR      67.44
DZ Bank AG Deutsch    5.50   3/29/2016     EUR      69.09
UBS AG/London        10.50   7/16/2015     CHF      62.21
UBS AG/London         7.00   7/16/2015     CHF      39.20
HSBC Trinkaus & Bu    6.60   9/25/2015     EUR      70.25
HSBC Trinkaus & Bu    8.60   7/24/2015     EUR      66.90
HSBC Trinkaus & Bu    7.70  10/23/2015     EUR      68.76
Deutsche Bank AG      4.50  12/22/2015     EUR      66.12
Bank Julius Baer &    8.85   9/25/2015     CHF      43.00
Bank Julius Baer &    7.00   10/2/2015     USD      65.85
Credit Suisse AG/N    8.00   1/29/2016     CHF      41.58
DZ Bank AG Deutsch    5.25   9/25/2015     EUR      55.87
Banque Cantonale V   13.10   7/21/2015     CHF      72.74
Commerzbank AG        5.50   7/23/2015     EUR      72.04
Commerzbank AG        7.25   7/23/2015     EUR      68.31
Commerzbank AG        9.50   7/23/2015     EUR      64.96
Zurcher Kantonalba    6.60   7/29/2015     CHF      41.12
EFG International     7.30   7/22/2015     USD      68.69
Deutsche Bank AG      5.20   8/26/2015     EUR      69.60
Deutsche Bank AG      6.20   8/26/2015     EUR      67.50
Deutsche Bank AG      5.20   7/22/2015     EUR      69.10
Deutsche Bank AG      6.20   7/22/2015     EUR      69.20
Deutsche Bank AG      5.20   7/22/2015     EUR      66.80
Deutsche Bank AG      7.20   7/22/2015     EUR      66.90
DZ Bank AG Deutsch   16.00   8/28/2015     EUR      37.80
Deutsche Bank AG      6.20  10/21/2015     EUR      68.40
Deutsche Bank AG      5.20  10/21/2015     EUR      70.40
Zurcher Kantonalba    6.30    8/6/2015     EUR      66.22
Zurcher Kantonalba    7.50    8/6/2015     EUR      66.99
Bank Julius Baer &    5.40    8/5/2015     CHF      76.20
Bank Julius Baer &    8.25   10/9/2015     USD      51.00
UniCredit Bank AG     4.00  10/22/2015     EUR      72.39
UniCredit Bank AG     4.20  10/22/2015     EUR      71.21
UniCredit Bank AG     4.80  10/22/2015     EUR      66.80
HSBC Trinkaus & Bu    8.50   9/25/2015     EUR      73.81
HSBC Trinkaus & Bu    6.50   7/24/2015     EUR      75.72
HSBC Trinkaus & Bu   12.50   9/25/2015     EUR      59.63
HSBC Trinkaus & Bu    8.50   9/25/2015     EUR      64.18
HSBC Trinkaus & Bu   14.00   9/25/2015     EUR      49.85
HSBC Trinkaus & Bu   10.50   9/25/2015     EUR      53.62
HSBC Trinkaus & Bu   13.00   9/25/2015     EUR      60.10
HSBC Trinkaus & Bu   10.00   9/25/2015     EUR      63.92
UniCredit Bank AG     5.00  10/22/2015     EUR      65.80
HSBC Trinkaus & Bu   14.50   9/25/2015     EUR      73.44
UniCredit Bank AG     4.60  10/22/2015     EUR      67.81
UniCredit Bank AG     4.50  10/22/2015     EUR      68.93
UniCredit Bank AG     5.20  10/22/2015     EUR      63.85
DZ Bank AG Deutsch    5.40   7/23/2015     EUR      74.29
DZ Bank AG Deutsch    4.10   7/23/2015     EUR      74.26
DZ Bank AG Deutsch    5.40   7/23/2015     EUR      67.54
DZ Bank AG Deutsch    5.40  10/23/2015     EUR      75.50
DZ Bank AG Deutsch    4.40  10/23/2015     EUR      75.22
DZ Bank AG Deutsch    5.60  10/23/2015     EUR      68.92
DZ Bank AG Deutsch    4.70   7/23/2015     EUR      52.52
DZ Bank AG Deutsch    3.90  10/23/2015     EUR      57.94
DZ Bank AG Deutsch    6.10   7/23/2015     EUR      64.09
DZ Bank AG Deutsch    7.60   7/22/2015     EUR      74.39
DZ Bank AG Deutsch    6.30   7/23/2015     EUR      53.16
DZ Bank AG Deutsch    4.90   7/23/2015     EUR      53.13
DZ Bank AG Deutsch    4.40   7/23/2015     EUR      48.28
DZ Bank AG Deutsch    5.90  10/23/2015     EUR      56.19
DZ Bank AG Deutsch    5.80  10/23/2015     EUR      53.57
DZ Bank AG Deutsch    3.10   7/22/2015     EUR      58.82
DZ Bank AG Deutsch    6.00   7/22/2015     EUR      54.78
DZ Bank AG Deutsch    5.60  10/22/2015     EUR      57.66
DZ Bank AG Deutsch    7.80   7/22/2015     EUR      69.94
Zurcher Kantonalba    8.60   7/23/2015     CHF      58.36
Leonteq Securities    4.05   7/23/2015     CHF      68.45
DZ Bank AG Deutsch    7.75   9/25/2015     EUR      73.73
DZ Bank AG Deutsch    7.75  12/28/2015     EUR      75.43
Vontobel Financial    3.70   9/25/2015     EUR      74.59
Deutsche Bank AG      4.20  12/22/2015     EUR      64.40
Deutsche Bank AG      5.20  12/22/2015     EUR      64.80
Deutsche Bank AG      4.20   9/22/2015     EUR      63.30
Deutsche Bank AG      4.20   9/22/2015     EUR      67.50
Deutsche Bank AG      5.20   9/22/2015     EUR      63.50
Deutsche Bank AG      4.20  12/22/2015     EUR      70.80
Leonteq Securities    4.20   7/23/2015     EUR      68.12
Vontobel Financial    7.50   9/25/2015     EUR      75.87
UniCredit Bank AG     4.10   9/24/2015     EUR      64.70
UniCredit Bank AG     4.00   9/24/2015     EUR      68.25
Deutsche Bank AG      5.20   3/22/2016     EUR      70.10
Deutsche Bank AG      6.20   3/22/2016     EUR      70.80
Deutsche Bank AG      5.20   6/21/2016     EUR      72.20
Deutsche Bank AG      6.20   6/21/2016     EUR      73.10
Deutsche Bank AG      5.20   6/21/2016     EUR      69.30
Bank Julius Baer &   13.30   7/31/2015     USD      59.75
Deutsche Bank AG      7.20   9/22/2015     EUR      70.00
Deutsche Bank AG      5.20   9/22/2015     EUR      69.60
Deutsche Bank AG      7.20  12/22/2015     EUR      71.60
Deutsche Bank AG      5.20  12/22/2015     EUR      70.70
UBS AG/London        15.00   7/23/2015     CHF      59.45
Deutsche Bank AG      6.20  12/22/2015     EUR      65.30
Commerzbank AG        5.00   9/24/2015     EUR      70.47
Commerzbank AG        9.25   9/24/2015     EUR      64.37
Leonteq Securities   11.52  10/28/2015     CHF      49.54
Notenstein Privatb   13.40   7/28/2015     USD      54.27
HSBC Trinkaus & Bu    5.65   2/22/2016     EUR      72.51
Commerzbank AG        7.50   9/24/2015     EUR      62.65
HSBC Trinkaus & Bu    4.90   7/10/2015     EUR      53.99
DZ Bank AG Deutsch    9.50   7/24/2015     EUR      62.02
DZ Bank AG Deutsch   10.00   7/24/2015     EUR      53.98
DZ Bank AG Deutsch    6.25   9/25/2015     EUR      58.68
DZ Bank AG Deutsch    5.75   9/25/2015     EUR      68.42
Vontobel Financial    6.90   6/10/2016     EUR      68.68
Vontobel Financial    4.75   6/10/2016     EUR      73.16
DZ Bank AG Deutsch    4.60   9/23/2015     EUR      53.27
DZ Bank AG Deutsch    5.10  12/23/2015     EUR      62.04
DZ Bank AG Deutsch    5.10  12/23/2015     EUR      59.23
DZ Bank AG Deutsch    5.80   9/23/2015     EUR      69.15
Commerzbank AG        8.75   8/27/2015     EUR      66.95
Commerzbank AG       10.75   8/27/2015     EUR      53.09
Commerzbank AG       10.00   8/27/2015     EUR      74.45
Commerzbank AG        8.50   8/27/2015     EUR      55.54
Zurcher Kantonalba    7.00   7/24/2015     CHF      56.10
Notenstein Privatb   11.00   1/25/2016     USD      62.85
Vontobel Financial    7.60   9/25/2015     EUR      64.42
Vontobel Financial    7.45  12/28/2015     EUR      74.32
Vontobel Financial    8.50   9/25/2015     EUR      72.92
Credit Suisse AG/N    6.00   1/29/2016     CHF      52.76
Leonteq Securities   11.20  12/29/2015     CHF      46.36
Leonteq Securities    8.20  12/29/2015     CHF      56.63
Deutsche Bank AG      7.20   8/26/2015     EUR      67.60
Deutsche Bank AG      7.20   7/22/2015     EUR      69.20
Deutsche Bank AG      6.20   7/22/2015     EUR      66.90
Deutsche Bank AG      5.20   8/26/2015     EUR      67.30
UniCredit Bank AG     4.00  12/28/2015     EUR      67.26
Deutsche Bank AG      6.20   8/26/2015     EUR      69.80
Deutsche Bank AG      7.20   8/26/2015     EUR      69.90
DZ Bank AG Deutsch    6.75   8/28/2015     EUR      58.29
DZ Bank AG Deutsch    5.25   8/28/2015     EUR      58.25
Deutsche Bank AG      7.20  10/21/2015     EUR      68.70
Deutsche Bank AG      5.20  10/21/2015     EUR      68.10
Notenstein Finance    8.68    4/1/2016     USD      56.74
Deutsche Bank AG      7.20  10/21/2015     EUR      71.00
Deutsche Bank AG      6.20  10/21/2015     EUR      70.70
Credit Suisse AG/N    8.00    2/8/2016     USD      61.02
UBS AG/London         7.20   1/20/2016     EUR      55.10
UniCredit Bank AG     5.00  10/22/2015     EUR      78.22
HSBC Trinkaus & Bu    6.50  12/28/2015     EUR      67.41
HSBC Trinkaus & Bu    9.00   7/24/2015     EUR      64.69
DZ Bank AG Deutsch    5.70   7/23/2015     EUR      50.30
DZ Bank AG Deutsch    4.90  10/23/2015     EUR      55.17
DZ Bank AG Deutsch    5.80  10/23/2015     EUR      53.13
DZ Bank AG Deutsch    7.10   7/23/2015     EUR      67.19
DZ Bank AG Deutsch    3.70   7/23/2015     EUR      55.46
DZ Bank AG Deutsch    4.20   7/23/2015     EUR      61.10
DZ Bank AG Deutsch    6.50  10/23/2015     EUR      72.41
DZ Bank AG Deutsch    6.00  10/23/2015     EUR      69.15
DZ Bank AG Deutsch    4.70  10/23/2015     EUR      65.77
DZ Bank AG Deutsch    4.70  10/23/2015     EUR      50.90
DZ Bank AG Deutsch    5.70   7/22/2015     EUR      73.56
DZ Bank AG Deutsch    6.60  10/22/2015     EUR      75.16
DZ Bank AG Deutsch    5.00  10/23/2015     EUR      69.42
DZ Bank AG Deutsch    8.75  10/23/2015     EUR      64.45
Bank Julius Baer &    8.75   7/31/2015     EUR      62.70
Deutsche Bank AG      4.20  12/22/2015     EUR      68.50
Deutsche Bank AG      4.20   9/22/2015     EUR      69.80
Deutsche Bank AG      5.20   3/22/2016     EUR      73.10
Deutsche Bank AG      6.20   3/22/2016     EUR      73.80
Deutsche Bank AG      6.20   6/21/2016     EUR      70.30
Bank Julius Baer &    6.50   7/31/2015     USD      56.20
Deutsche Bank AG      6.20   9/22/2015     EUR      69.80
Deutsche Bank AG      6.20  12/22/2015     EUR      71.20
Deutsche Bank AG      6.20   9/22/2015     EUR      63.70
Bank Julius Baer &    6.60   7/27/2015     EUR      63.55
Commerzbank AG        6.00   9/24/2015     EUR      68.80
Commerzbank AG        7.00   9/24/2015     EUR      67.21
Commerzbank AG        8.25   9/24/2015     EUR      65.77
Commerzbank AG        9.25   9/24/2015     EUR      59.80
Commerzbank AG       11.25   9/24/2015     EUR      57.31
Bank Julius Baer &    3.75   7/22/2015     CHF      71.45
Vontobel Financial    3.30   7/10/2015     EUR      57.74
Vontobel Financial    7.20   7/10/2015     EUR      52.52
Vontobel Financial    9.60   7/10/2015     EUR      50.25
DZ Bank AG Deutsch   10.25   9/25/2015     EUR      62.55
DZ Bank AG Deutsch    7.10   9/23/2015     EUR      75.81
DZ Bank AG Deutsch    2.10   9/23/2015     EUR      73.24
DZ Bank AG Deutsch    3.50   9/23/2015     EUR      69.82
DZ Bank AG Deutsch    5.40   9/23/2015     EUR      60.89
DZ Bank AG Deutsch    2.10  12/23/2015     EUR      74.95
DZ Bank AG Deutsch    3.30  12/23/2015     EUR      71.89
DZ Bank AG Deutsch    5.70   9/23/2015     EUR      58.77
DZ Bank AG Deutsch    5.70   9/23/2015     EUR      55.99
DZ Bank AG Deutsch    4.40  12/23/2015     EUR      56.29
DZ Bank AG Deutsch    3.90   9/23/2015     EUR      72.59
DZ Bank AG Deutsch    2.20  12/23/2015     EUR      70.02
DZ Bank AG Deutsch    3.50  12/23/2015     EUR      66.75
DZ Bank AG Deutsch    5.10  12/23/2015     EUR      71.48
DZ Bank AG Deutsch    2.60   9/23/2015     EUR      58.77
DZ Bank AG Deutsch    3.10   9/23/2015     EUR      56.21
DZ Bank AG Deutsch    4.80   9/23/2015     EUR      56.54
DZ Bank AG Deutsch    2.70  12/23/2015     EUR      60.89
DZ Bank AG Deutsch    4.60  12/23/2015     EUR      59.04
DZ Bank AG Deutsch    3.20  12/23/2015     EUR      58.42
DZ Bank AG Deutsch    7.60   9/23/2015     EUR      73.49
DZ Bank AG Deutsch    6.60   9/23/2015     EUR      74.84
DZ Bank AG Deutsch    6.00   9/23/2015     EUR      69.94
Commerzbank AG        6.50   8/27/2015     EUR      70.25
UniCredit Bank AG     6.00   7/23/2015     EUR      40.36
UniCredit Bank AG     4.50   7/23/2015     EUR      43.92
UniCredit Bank AG     4.00   7/23/2015     EUR      45.06
UniCredit Bank AG     4.40   7/23/2015     EUR      72.25
UniCredit Bank AG     4.00   7/23/2015     EUR      74.43
UniCredit Bank AG     5.20   7/23/2015     EUR      74.15
DZ Bank AG Deutsch    7.50   9/11/2015     EUR      68.85
UBS AG               14.75   9/25/2015     EUR      55.74
Deutsche Bank AG      5.20   9/22/2015     EUR      75.50
Deutsche Bank AG      5.20   9/22/2015     EUR      67.50
Leonteq Securities   11.80   7/21/2015     EUR      76.36
Deutsche Bank AG      6.20   9/22/2015     EUR      67.70
Deutsche Bank AG      5.20   9/22/2015     EUR      72.50
Deutsche Bank AG      7.20   9/22/2015     EUR      72.90
Deutsche Bank AG      5.20   9/22/2015     EUR      75.10
DZ Bank AG Deutsch    6.25   7/10/2015     EUR      63.28
DZ Bank AG Deutsch    6.75   7/10/2015     EUR      63.28
DZ Bank AG Deutsch    7.25   7/10/2015     EUR      63.29
Commerzbank AG        7.00   7/23/2015     EUR      55.21
Commerzbank AG        9.25   7/23/2015     EUR      64.12
Bank Julius Baer &   10.60   10/9/2015     USD      63.95
Commerzbank AG        7.00   7/23/2015     EUR      69.79
Commerzbank AG       10.00   7/23/2015     EUR      58.05
Commerzbank AG       13.00   7/23/2015     EUR      49.72
Commerzbank AG       16.25   7/23/2015     EUR      43.77
Commerzbank AG       19.75   7/23/2015     EUR      38.69
Commerzbank AG       23.25   7/23/2015     EUR      35.10
Commerzbank AG        7.00   7/23/2015     EUR      57.51
Commerzbank AG       10.00   7/23/2015     EUR      53.20
Goldman Sachs & Co    8.00   9/23/2015     EUR      64.00
Commerzbank AG        5.00   7/23/2015     EUR      62.04
Commerzbank AG        9.00   7/23/2015     EUR      55.94
Vontobel Financial    6.80   9/25/2015     EUR      64.93
DZ Bank AG Deutsch   10.25   9/25/2015     EUR      63.30
Goldman Sachs & Co   10.00  10/21/2015     EUR      69.40
Goldman Sachs & Co    8.00   3/23/2016     EUR      74.43
Goldman Sachs & Co    8.00   3/23/2016     EUR      72.21
Commerzbank AG        8.50   8/27/2015     EUR      68.52
Commerzbank AG        9.75   8/27/2015     EUR      66.55
Vontobel Financial    6.25  12/28/2015     EUR      68.71
Vontobel Financial    7.45   9/25/2015     EUR      67.41
Commerzbank AG        6.25   8/27/2015     EUR      71.85
Commerzbank AG        7.25   8/27/2015     EUR      70.06
Commerzbank AG       10.75   8/27/2015     EUR      65.30
Goldman Sachs & Co    8.00  10/21/2015     EUR      71.15
Goldman Sachs & Co    7.00   3/23/2016     EUR      73.76
Goldman Sachs & Co    8.00  10/21/2015     EUR      68.77
Goldman Sachs & Co    9.00  10/21/2015     EUR      69.04
Goldman Sachs & Co    7.00   3/23/2016     EUR      71.28
Goldman Sachs & Co    8.00   3/23/2016     EUR      71.97
Vontobel Financial    8.10  12/28/2015     EUR      66.09
Vontobel Financial    9.45   9/25/2015     EUR      64.20
Leonteq Securities    8.00  12/15/2015     CHF      55.04
Commerzbank AG        6.00   8/27/2015     EUR      66.82
Commerzbank AG        6.00   8/27/2015     EUR      74.28
Credit Suisse AG/N    8.00   3/16/2016     USD      65.32
Commerzbank AG        6.50   8/27/2015     EUR      59.70
Commerzbank AG        6.00   8/27/2015     EUR      67.47
Goldman Sachs & Co    6.00  10/21/2015     EUR      75.67
Goldman Sachs & Co   13.00  10/21/2015     EUR      66.04
Goldman Sachs & Co   10.00   3/23/2016     EUR      69.51
BNP Paribas Emissi    6.25   9/24/2015     EUR      69.09
BNP Paribas Emissi    6.00  12/24/2015     EUR      71.48
HSBC Trinkaus & Bu   10.20  10/23/2015     EUR      56.86
HSBC Trinkaus & Bu   13.80   9/25/2015     EUR      74.42
Vontobel Financial    6.95  12/28/2015     EUR      69.70
Commerzbank AG        5.50   8/27/2015     EUR      73.78
Commerzbank AG        8.50   8/27/2015     EUR      68.40
Commerzbank AG        9.50   8/27/2015     EUR      66.78
Goldman Sachs & Co    7.00  10/21/2015     EUR      73.33
Goldman Sachs & Co    5.00  10/21/2015     EUR      67.96
Goldman Sachs & Co    6.00  10/21/2015     EUR      68.23
Goldman Sachs & Co    7.00  10/21/2015     EUR      68.50
Goldman Sachs & Co    9.00  10/21/2015     EUR      69.04
Goldman Sachs & Co    9.00  10/21/2015     EUR      69.04
Goldman Sachs & Co    5.00   3/23/2016     EUR      69.90
Goldman Sachs & Co    6.00   3/23/2016     EUR      70.59
Goldman Sachs & Co    7.00   3/23/2016     EUR      71.28
Goldman Sachs & Co    8.00   3/23/2016     EUR      71.97
Goldman Sachs & Co    8.00   3/23/2016     EUR      71.97
Bank Julius Baer &    8.20   9/23/2015     CHF      41.80
HSBC Trinkaus & Bu    9.50   7/24/2015     EUR      57.29
HSBC Trinkaus & Bu   10.80   9/25/2015     EUR      56.25
HSBC Trinkaus & Bu    7.10   9/25/2015     EUR      61.50
HSBC Trinkaus & Bu    8.80  10/23/2015     EUR      59.31
HSBC Trinkaus & Bu    6.00  12/28/2015     EUR      34.45
UniCredit Bank AG     5.20   9/24/2015     EUR      60.99
Bank Julius Baer &   11.50    3/4/2016     USD      64.10
HSBC Trinkaus & Bu   22.50   9/25/2015     EUR      61.74
HSBC Trinkaus & Bu   11.20  11/27/2015     EUR      67.60
Vontobel Financial    5.15  12/28/2015     EUR      67.12
Banque Cantonale V    4.25   8/28/2015     CHF      53.04
LBBW                  4.25   8/28/2015     EUR      57.83
LBBW                  5.25   8/28/2015     EUR      53.89
LBBW                  6.50   8/28/2015     EUR      50.04
LBBW                  3.50   8/28/2015     EUR      56.03
DZ Bank AG Deutsch   16.00   9/25/2015     EUR      68.33
Commerzbank AG        8.25   2/25/2016     EUR      76.33
Commerzbank AG        7.00   2/25/2016     EUR      65.07
BNP Paribas Emissi    9.50   6/23/2016     EUR      73.12
BNP Paribas Emissi   13.00   6/23/2016     EUR      70.13
BNP Paribas Emissi    8.50   9/22/2016     EUR      73.93
BNP Paribas Emissi   10.00   9/22/2016     EUR      72.53
BNP Paribas Emissi    6.50   9/22/2016     EUR      76.19
BNP Paribas Emissi    8.00   9/22/2016     EUR      75.60
BNP Paribas Emissi   13.00  12/24/2015     EUR      76.20
BNP Paribas Emissi   18.00  10/22/2015     EUR      71.33
BNP Paribas Emissi   12.00   6/23/2016     EUR      75.70
DZ Bank AG Deutsch   14.00   9/25/2015     EUR      57.83
DZ Bank AG Deutsch   15.50   9/25/2015     EUR      66.60
HSBC Trinkaus & Bu   15.60   9/25/2015     EUR      75.93
HSBC Trinkaus & Bu   15.80   9/25/2015     EUR      64.48
HSBC Trinkaus & Bu   16.90  12/28/2015     EUR      64.92
HSBC Trinkaus & Bu   12.60  12/28/2015     EUR      67.01
HSBC Trinkaus & Bu   14.20   3/25/2016     EUR      66.76
HSBC Trinkaus & Bu   10.90   3/25/2016     EUR      68.50
Leonteq Securities   15.00    3/9/2016     USD      64.90
UBS AG               20.50   6/24/2016     EUR      66.74
UniCredit Bank AG     4.80   3/24/2016     EUR      71.16
DZ Bank AG Deutsch    6.25   10/9/2015     EUR      69.80
Raiffeisen Centrob    7.33   8/21/2015     EUR      61.47
Commerzbank AG        7.00   2/26/2016     EUR      73.78
Credit Suisse AG/N    8.75   8/24/2015     CHF      64.70
Credit Suisse AG/N   10.25   8/14/2015     CHF      65.52
Notenstein Privatb   10.00   8/14/2015     CHF      70.08
Notenstein Privatb   11.00   8/14/2015     CHF      56.27
DZ Bank AG Deutsch    5.75   8/14/2015     EUR      75.24
UBS AG               14.25   9/25/2015     EUR      65.01
UBS AG               16.75  12/23/2016     EUR      73.54
Vontobel Financial    7.45   3/11/2016     EUR      73.11
Vontobel Financial    5.90   3/11/2016     EUR      74.72
Vontobel Financial    8.40  12/11/2015     EUR      71.85
UBS AG               24.75   9/25/2015     EUR      64.41
HSBC Trinkaus & Bu    7.00   9/25/2015     EUR      67.74
UBS AG               23.25   9/25/2015     EUR      62.89
UBS AG               11.00  12/29/2015     EUR      76.86
UBS AG               20.75  12/29/2015     EUR      58.47
DekaBank Deutsche     3.10   2/26/2018     EUR      73.81
UBS AG               23.00   9/25/2015     EUR      56.24
UBS AG               22.75  12/29/2015     EUR      60.30
UBS AG               22.75  12/29/2015     EUR      76.50
UBS AG                9.75   9/25/2015     EUR      70.82
Credit Suisse AG/N    8.50   10/8/2015     USD      69.89
LBBW                  5.00   3/29/2016     EUR      75.70
Credit Suisse AG/N    8.00   10/5/2015     CHF      69.86
DZ Bank AG Deutsch    8.00   9/11/2015     EUR      66.13
UBS AG               20.00   9/25/2015     EUR      68.41
UBS AG               24.75   9/25/2015     EUR      60.52
HSBC Trinkaus & Bu    7.00   9/25/2015     EUR      72.79
UBS AG               18.50  12/29/2015     EUR      61.70
UBS AG               16.50   9/25/2015     EUR      64.38
UBS AG               13.50   9/25/2015     EUR      70.61
UBS AG               19.75  12/29/2015     EUR      65.57
UBS AG               20.50  12/29/2015     EUR      61.22
Goldman Sachs & Co    8.00   9/23/2015     EUR      70.45
UBS AG               19.75  12/29/2015     EUR      60.06
Goldman Sachs & Co    8.00   9/23/2015     EUR      75.58
UBS AG               13.50  12/29/2015     EUR      70.58
UBS AG               24.25   9/25/2015     EUR      75.07
UBS AG               18.00   9/25/2015     EUR      68.68
UBS AG               14.75   9/25/2015     EUR      58.02
Leonteq Securities    6.58   3/29/2016     EUR      67.90
DZ Bank AG Deutsch    7.25   8/14/2015     EUR      66.60
Vontobel Financial   10.45   3/29/2016     EUR      69.66
Vontobel Financial   12.80  12/28/2015     EUR      68.13
Vontobel Financial   17.00   9/25/2015     EUR      65.70
Vontobel Financial    9.30   9/25/2015     EUR      70.41
DekaBank Deutsche     3.40    3/5/2018     EUR      73.28
Goldman Sachs & Co    7.00   9/23/2015     EUR      70.27
Goldman Sachs & Co    7.00   9/23/2015     EUR      70.27
Goldman Sachs & Co   10.00   9/23/2015     EUR      70.86
Goldman Sachs & Co   11.00   9/23/2015     EUR      68.80
HSBC Trinkaus & Bu    7.50   9/25/2015     EUR      70.43
HSBC Trinkaus & Bu    6.50   9/25/2015     EUR      69.48
UBS AG                7.25  12/29/2015     EUR      69.68
UBS AG               16.00   9/25/2015     EUR      47.91
UBS AG               23.75   9/25/2015     EUR      38.20
UBS AG                7.50   9/25/2015     EUR      68.40
UBS AG               21.75   9/25/2015     EUR      75.25
UBS AG               10.00  12/29/2015     EUR      61.04
UBS AG                8.25  12/29/2015     EUR      66.55
UBS AG               19.25   9/25/2015     EUR      66.04
UBS AG               11.50   9/25/2015     EUR      70.97
UBS AG               22.50   9/25/2015     EUR      53.43
UBS AG               23.75   9/25/2015     EUR      76.33
UBS AG               22.50   9/25/2015     EUR      72.50
UBS AG               19.50  12/29/2015     EUR      66.47
UBS AG               12.50   9/25/2015     EUR      73.15
UBS AG               16.50   9/25/2015     EUR      65.47
UBS AG               23.50   9/25/2015     EUR      51.98
UBS AG                6.25  12/29/2015     EUR      71.93
UBS AG               14.00   9/25/2015     EUR      72.98
UBS AG               24.50   9/25/2015     EUR      57.48
UBS AG               21.50  12/29/2015     EUR      75.31
UBS AG               23.25  12/29/2015     EUR      73.15
UBS AG               12.50  12/29/2015     EUR      72.58
UBS AG                9.50  12/29/2015     EUR      61.31
Goldman Sachs & Co   11.00   9/23/2015     EUR      71.03
UBS AG               22.75   9/25/2015     EUR      73.04
UBS AG               21.75  12/29/2015     EUR      62.71
Credit Suisse AG/L    7.25   10/9/2015     CHF      68.60
UBS AG               18.50   9/25/2015     EUR      74.42
UBS AG               24.00  12/29/2015     EUR      75.55
UBS AG                5.75  12/29/2015     EUR      74.69
DekaBank Deutsche     3.40   6/24/2016     EUR      72.00
UBS AG               17.50   9/25/2015     EUR      45.58
UBS AG               24.25   9/25/2015     EUR      69.42
UBS AG               23.00  12/29/2015     EUR      55.51
Goldman Sachs & Co   11.00   9/23/2015     EUR      71.03
UBS AG               11.25  12/29/2015     EUR      74.94
Societe Generale S    4.00   3/29/2016     EUR      58.91
Vontobel Financial    6.60   3/29/2016     EUR      72.84
Vontobel Financial    7.70  12/28/2015     EUR      71.88
Goldman Sachs & Co   10.00   9/23/2015     EUR      70.85
Goldman Sachs & Co   10.00   9/23/2015     EUR      70.90
UBS AG                6.50  12/29/2015     EUR      73.19
LBBW                  4.25   4/22/2016     EUR      75.64
UBS AG               22.75  12/29/2015     EUR      42.04
UBS AG               24.50   9/25/2015     EUR      50.54
UBS AG               21.00  12/29/2015     EUR      76.44
Leonteq Securities    7.07   9/21/2015     CHF      40.76
UBS AG               20.25   9/25/2015     EUR      42.33
UBS AG               12.75  12/29/2015     EUR      54.71
UBS AG                6.50   9/25/2015     EUR      72.46
UBS AG               19.75  12/29/2015     EUR      44.89
UBS AG               20.50  12/29/2015     EUR      67.80
UBS AG               18.25   9/25/2015     EUR      71.67
Bank Julius Baer &    9.00   10/8/2015     CHF      38.70
DZ Bank AG Deutsch    5.25   3/29/2016     EUR      75.07
BNP Paribas Emissi    4.75   7/23/2015     EUR      76.77
UBS AG               23.25   9/25/2015     EUR      75.31
Notenstein Privatb    8.75   9/14/2015     EUR      69.69
UBS AG               14.50   9/25/2015     EUR      74.94
BNP Paribas Emissi    8.00   7/23/2015     EUR      41.60
BNP Paribas Emissi    6.75   7/23/2015     EUR      44.22
UBS AG                8.25  12/22/2017     EUR      72.89
UBS AG               11.25   6/24/2016     EUR      75.62
Credit Suisse AG/N    7.00    9/7/2015     CHF      64.34
DZ Bank AG Deutsch    5.00   8/14/2015     EUR      72.73
LBBW                  4.30   9/23/2016     EUR      69.84
UBS AG               13.75   9/25/2015     EUR      62.37
UBS AG                7.75   6/24/2016     EUR      76.75
UniCredit Bank AG     4.60   3/24/2016     EUR      71.65
UBS AG               13.25  12/22/2017     EUR      70.54
UniCredit Bank AG     5.00   3/24/2016     EUR      70.66
Notenstein Privatb   11.00   8/28/2015     CHF      48.88
Leonteq Securities   25.00   3/16/2016     CHF      59.66
UniCredit Bank AG     4.50   3/24/2016     EUR      72.89
UBS AG               22.50   3/29/2016     EUR      63.48
Landesbank Berlin     6.00  11/27/2015     EUR      72.21
Credit Suisse AG/N    7.75   8/28/2015     CHF      64.90
Leonteq Securities   13.72   8/14/2015     AUD      60.48
Landesbank Hessen-    4.15   8/27/2015     EUR      76.20
e-Kancelaria Grupa    9.00   12/4/2015     PLN       1.11
DZ Bank AG Deutsch    7.00   2/26/2016     EUR      68.47
e-Kancelaria Grupa    9.00  12/23/2015     PLN       2.00
Commerzbank AG       10.00   2/25/2016     EUR      73.86
Commerzbank AG       12.25   2/25/2016     EUR      71.99
Commerzbank AG       10.00   2/25/2016     EUR      62.24
Vontobel Financial    7.25  12/28/2015     EUR      68.06
UBS AG               24.25  12/29/2015     EUR      60.68
UBS AG               16.00  12/23/2016     EUR      66.11
Notenstein Privatb   10.12   8/26/2015     USD      59.43
Notenstein Privatb    7.40  10/31/2016     CHF      40.72
Commerzbank AG        6.00   7/23/2015     EUR      71.75
Commerzbank AG       11.75   7/23/2015     EUR      63.20
Commerzbank AG        7.25   7/23/2015     EUR      66.21
Commerzbank AG        9.50   7/23/2015     EUR      62.97
Commerzbank AG       10.50   7/23/2015     EUR      78.04
Lehman Brothers Tr    5.25  11/21/2009     USD       4.83
Commerzbank AG        6.75   7/23/2015     EUR      68.90
Commerzbank AG        8.50   7/23/2015     EUR      65.67
Commerzbank AG       10.75   7/23/2015     EUR      62.74
Notenstein Privatb   10.00   8/14/2015     USD      38.04
Leonteq Securities    5.00   8/22/2016     CHF      56.91
Leonteq Securities   13.00   8/25/2015     CHF      32.92
DZ Bank AG Deutsch    5.00   9/25/2015     EUR      72.33
DZ Bank AG Deutsch    5.00  12/28/2015     EUR      71.70
TGK-1 OAO            12.90   2/14/2022     RUB     100.00
Intertekhelektro-N    8.50   4/21/2020     RUB      60.00
e-Kancelaria Grupa    9.00   8/19/2016     PLN       2.01
HSBC Trinkaus & Bu   19.60   9/25/2015     EUR      67.51
HSBC Trinkaus & Bu   15.20  12/28/2015     EUR      70.43
HSBC Trinkaus & Bu   12.80   3/25/2016     EUR      71.84
HSBC Trinkaus & Bu   11.20   3/25/2016     EUR      73.26
HSBC Trinkaus & Bu   13.60   3/25/2016     EUR      75.55
HSBC Trinkaus & Bu   19.00   9/25/2015     EUR      72.21
HSBC Trinkaus & Bu   14.80  12/28/2015     EUR      75.04
HSBC Trinkaus & Bu   11.50  11/27/2015     EUR      72.79
HSBC Trinkaus & Bu    9.90   2/26/2016     EUR      74.02
e-Kancelaria Grupa    9.00  10/25/2016     PLN       1.00
Veniti SA             9.70   3/28/2016     PLN      50.00
Zurcher Kantonalba    4.50   9/25/2015     CHF      56.96
Leonteq Securities   10.00   9/17/2015     USD      61.73
Bank Julius Baer &    8.10   9/25/2015     USD      68.75
Bank Julius Baer &    8.25   9/18/2015     CHF      39.20
Goldman Sachs & Co   11.00   3/23/2016     EUR      66.58
Leonteq Securities   12.00  12/15/2015     CHF      57.40
DZ Bank AG Deutsch    5.60   3/30/2017     EUR      69.56
Leonteq Securities   20.00  12/29/2015     CHF      44.17
Leonteq Securities    5.05   9/22/2015     CHF      54.23
Vontobel Financial    8.00  12/28/2015     EUR      67.08
e-Kancelaria Grupa   10.00  10/23/2015     PLN       1.00
Glitnir HF            6.20  12/20/2009     ISK       0.02
Glitnir HF            5.00    2/1/2011     ISK      14.00
Glitnir HF            5.00    2/1/2016     ISK      14.00
Glitnir HF            6.00    8/1/2010     ISK      14.00
Kaupthing Bank Hf     7.00   7/24/2009     ISK      14.25
Lehman Brothers Tr   10.00  10/23/2008     USD       4.83
Lehman Brothers Tr    3.00   12/3/2012     EUR       4.83
Lehman Brothers Tr   11.00   2/16/2009     CHF       4.83
Lehman Brothers Tr   10.00   2/16/2009     CHF       4.83
Lehman Brothers Tr   13.00   2/16/2009     CHF       4.83
Lehman Brothers Tr    9.30  12/21/2010     EUR       4.83
Lehman Brothers Tr    8.00  12/31/2010     USD       4.83
Glitnir HF            2.00   1/30/2009     CHF      14.00
Lehman Brothers Tr    5.00    9/1/2011     EUR       4.83
Glitnir HF            6.84  12/15/2015     EUR       0.02
Lehman Brothers Tr    6.00   3/17/2011     EUR       4.83
Leonteq Securities    4.50    4/4/2016     EUR      48.09
Lehman Brothers Tr    4.25   5/15/2010     EUR       4.83
Lehman Brothers Tr    1.68    3/5/2015     EUR       4.83
Lehman Brothers Tr    3.35  10/13/2016     EUR       4.83
Lehman Brothers Tr    3.00    6/3/2010     EUR       4.83
Lehman Brothers Tr   12.40   6/12/2009     USD       4.83
Lehman Brothers Tr    1.00   2/26/2010     USD       4.83
Leonteq Securities    5.00   5/23/2016     CHF      61.00
Lehman Brothers Tr   11.00    7/4/2011     USD       4.83
Lehman Brothers Tr   11.00    7/4/2011     CHF       4.83
Lehman Brothers Tr   12.00    7/4/2011     EUR       4.83
Lehman Brothers Tr    2.30   4/28/2014     JPY       4.83
Lehman Brothers Tr    6.00    8/7/2013     EUR       4.83
Glitnir HF            5.24  12/22/2010     USD      14.00
Lehman Brothers Tr   14.10  11/12/2008     USD       4.83
Lehman Brothers Tr    2.00   5/17/2010     EUR       4.83
Leonteq Securities   20.00   2/23/2016     USD      36.54
BNP Paribas Emissi    7.50  10/22/2015     EUR      73.31
BNP Paribas Emissi   10.00  10/22/2015     EUR      71.20
BNP Paribas Emissi   11.00  10/22/2015     EUR      68.88
BNP Paribas Emissi   16.00  10/22/2015     EUR      66.68
BNP Paribas Emissi   19.00  10/22/2015     EUR      64.28
BNP Paribas Emissi   22.00  10/22/2015     EUR      63.14
BNP Paribas Emissi    6.50  12/24/2015     EUR      73.89
BNP Paribas Emissi   17.00  12/24/2015     EUR      66.63
BNP Paribas Emissi    7.50   6/23/2016     EUR      76.05
BNP Paribas Emissi    8.00   6/23/2016     EUR      74.05
BNP Paribas Emissi   14.00  12/24/2015     EUR      68.47
BNP Paribas Emissi    6.50   3/24/2016     EUR      75.14
BNP Paribas Emissi    8.00   3/24/2016     EUR      73.59
BNP Paribas Emissi    9.50   3/24/2016     EUR      72.17
BNP Paribas Emissi   16.00   3/24/2016     EUR      68.24
UBS AG               24.25   9/25/2015     EUR      38.06
UBS AG               23.25   9/25/2015     EUR      72.74
UBS AG               24.75   9/25/2015     EUR      51.64
Deutsche Bank AG      9.00   9/11/2015     EUR      50.37
Credit Suisse AG/N    7.50   9/25/2015     CHF      67.89
UBS AG                7.00  12/29/2015     EUR      69.48
UBS AG                9.75   9/25/2015     EUR      59.16
UBS AG               22.25  12/29/2015     EUR      67.78
UBS AG               21.25  12/29/2015     EUR      74.51
UBS AG               12.00  12/29/2015     EUR      55.35
UBS AG               22.25  12/29/2015     EUR      73.55
UBS AG               23.50   9/25/2015     EUR      58.91
UBS AG                9.20   7/22/2015     EUR      70.54
Commerzbank AG        5.60   9/29/2015     EUR      64.75
Leonteq Securities   10.00   1/22/2016     USD      55.01
Credit Suisse AG/N    8.25   7/31/2015     USD      55.28
Credit Suisse AG/L    2.75   1/29/2019     SEK      65.60
Deutsche Bank AG      6.20   9/22/2015     EUR      52.70
Deutsche Bank AG      5.20   9/22/2015     EUR      52.50
Deutsche Bank AG      7.20   9/22/2015     EUR      50.60
Deutsche Bank AG      6.20   9/22/2015     EUR      50.40
Deutsche Bank AG      5.20   9/22/2015     EUR      50.20
Credit Suisse AG/N    6.00   1/22/2016     CHF      73.99
Raiffeisen Centrob    9.41   1/20/2016     EUR      72.36
Vontobel Financial    3.95   3/11/2016     EUR      73.81
Vontobel Financial    4.05  12/11/2015     EUR      72.89
Vontobel Financial    5.80  12/11/2015     EUR      68.89
Vontobel Financial    7.05   3/11/2016     EUR      67.09
Vontobel Financial    7.70  12/11/2015     EUR      65.53
Vontobel Financial    8.50   9/11/2015     EUR      63.67
Vontobel Financial   10.75   7/10/2015     EUR      73.63
Vontobel Financial   12.30   7/10/2015     EUR      68.56
JP Morgan Structur   12.20   9/30/2015     USD      63.37
Leonteq Securities   10.00  11/10/2015     CHF      69.10
Commerzbank AG       10.50  10/22/2015     EUR      75.61
Commerzbank AG        9.25  10/22/2015     EUR      76.13
Commerzbank AG       10.25  10/22/2015     EUR      74.60
Commerzbank AG       11.50  10/22/2015     EUR      73.15
Commerzbank AG       12.50  10/22/2015     EUR      71.71
Vontobel Financial   11.65   9/25/2015     EUR      70.87
Vontobel Financial    8.55  12/28/2015     EUR      72.32
DZ Bank AG Deutsch    9.50   9/25/2015     EUR      74.08
DZ Bank AG Deutsch    7.25  12/28/2015     EUR      75.20
Notenstein Finance    7.00  10/23/2015     USD      53.24
Leonteq Securities    3.00   9/19/2019     CHF      77.98
Vontobel Financial    7.95  12/28/2015     EUR      66.67
Efesk Group          13.25   6/14/2016     RUB      60.01
TransFin-M OJSC      10.50  11/11/2024     RUB      60.01
MORTGAGE AGENT AHM    9.00    9/9/2045     RUB      69.63
Reso-Leasing OOO     10.40   9/21/2023     RUB      60.01
Totens Sparebank      3.01                 NOK      58.01
SAir Group            2.75   7/30/2004     CHF      11.88
HSBC Bank PLC         0.50    3/1/2018     RUB      73.31
BNP Paribas SA        0.50   1/31/2018     RUB      74.16
Societe Generale S    0.50   5/22/2024     MXN      58.53
Societe Generale S    0.50    4/4/2024     MXN      59.15
Kommunalbanken AS     0.50    2/2/2018     BRL      74.18


                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers'
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than US$3 per
share in public markets.  At first glance, this list may look
like the definitive compilation of stocks that are ideal to sell
short.  Don't be fooled.  Assets, for example, reported at
historical cost net of depreciation may understate the true value
of a firm's assets.  A company may establish reserves on its
balance sheet for liabilities that may never materialize.  The
prices at which equity securities trade in public market are
determined by more than a balance sheet solvency test.

Each Friday's edition of the TCR includes a review about a book
of interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/booksto order any title today.


                            *********


S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter-Europe is a daily newsletter co-
published by Bankruptcy Creditors' Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.
Valerie U. Pascual, Marites O. Claro, Rousel Elaine T. Fernandez,
Joy A. Agravante, Ivy B. Magdadaro, and Peter A. Chapman,
Editors.

Copyright 2015.  All rights reserved.  ISSN 1529-2754.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.

Information contained herein is obtained from sources believed to
be reliable, but is not guaranteed.

The TCR Europe subscription rate is US$775 per half-year,
delivered via e-mail.  Additional e-mail subscriptions for
members of the same firm for the term of the initial subscription
or balance thereof are US$25 each.  For subscription information,
contact Peter Chapman at 215-945-7000 or Nina Novak at
202-362-8552.


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