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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, December 28, 2015, Vol. 16, No. 254

                            Headlines

G E O R G I A

GEORGIAN RAILWAYS: Fitch Affirms 'BB-' LT Foreign Currency IDR


H U N G A R Y

MAGYAR TAKAREKSZOVETKEZETI: S&P Raises CCR to 'BB'


I R E L A N D

ALLIED IRISH: Fitch Hikes LT Issuer Default Rating to 'BB+'


I T A L Y

CANTIERI NAVALI: February 10 Deadline Set for Shipyard Bids
CASSA DI RISPARMIO: FIDT Bailout Incompatible Use of State Aid


L U X E M B O U R G

OXEA SARL: Moody's Raises Corporate Family Rating to B2
OXEA SARL: S&P Revises Outlook to Stable & Affirms 'B+' CCR


N E T H E R L A N D S

HARBOURMASTER CLO 6: Fitch Cuts Ratings on 3 Note Classes to 'CC'
MACINTOSH: Fails to Find Buyer, Files for Creditor Protection
V&D GROUP: Court Suspends Payments to Creditors
WOOD STREET CLO V: S&P Raises Ratings on 2 Note Classes to BB+


P O R T U G A L

BANIF BANCO FUNCHAL: Moody's Reviews B3(cr) Counterparty Risk
PORTUGUESE BANKS: Moody's Takes Actions on Various Institutions


R U S S I A

FIRST CZECH RUSSIAN: Moody's Withdraws Caa1 Deposit Ratings
FIRST CZECH RUSSIAN: Moody's Withdraws Ba3.ru Natl. Scale Rating
KOKS JSC: Moody's Puts 'B2' CFR on Review for Downgrade
RUSPOLYMET JSC: Fitch Assigns 'B-' LT Issuer Default Rating
URAL FEDERAL: Fitch Affirms 'B' Short-Term Foreign Currency IDR

VNESHPROMBANK: S&P Lowers Counterparty Credit Ratings to 'R/R'


S E R B I A

SRPSKA FABRIKA: Court Rejects Novoplast's Bankruptcy Petition


S W E D E N

SSAB AB: S&P Puts 'BB-' CCR on CreditWatch Negative


U K R A I N E

BANK FINANCE: Moody's Lowers Long-Term Deposit Ratings to C
KYIV CITY: Moody's Affirms Ca Ratings & Changes Outlook to Stable
RD BANK: Liquidation Procedure Extended Until January 2017
UKRINBANK: Declared Insolvent by National Bank of Ukraine


U N I T E D   K I N G D O M

CNH INDUSTRIAL: S&P Affirms 'BB+' CCR, Outlook Stable
CONSOLIDATED MINERALS: Moody's Cuts Corp Family Rating to Caa1
GLOBAL CLOSURE: S&P Puts 'B' CCR on CreditWatch Positive
HELLERMANNTYTON GROUP: Moody's Withdraws Ba2 Corp. Family Rating
INDIVIOR PLC: S&P Raises Rating on Sr. Secured Debt to 'B+'

LOTUS F1: London's High Court Halts Insolvency Proceedings
R&R ICE CREAM: Moody's Affirms B2 CFR & Revises Outlook to Stable
RBS CAPITAL: Moody's Corrects Ratings of Hybrid Secs. to B1(hyb)
TULLOW OIL: Moody's Lowers CFR to B2/B2-PD, Outlook Negative


X X X X X X X X

* BOND PRICING: For the Week Dec. 21, 2015 to Dec. 25, 2015


                            *********


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G E O R G I A
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GEORGIAN RAILWAYS: Fitch Affirms 'BB-' LT Foreign Currency IDR
--------------------------------------------------------------
Fitch Ratings has affirmed Georgian Railway JSC's (GR) Long-term
foreign currency Issuer Default Ratings (IDR) at 'BB-' with a
Stable Outlook.

GR's ratings continue to be driven by its standalone
creditworthiness, which is higher than that derived from the top-
down approach. Fitch assesses GR's standalone profile at 'BB-',
underpinned by its sound financial profile, strategic and
dominant market position, liberal tariff setting policy and
importance for the local economy. However, GR's standalone
profile is constrained by its small size compared with rated
peers and dependence on traffic from other countries with slowing
economies.

KEY RATING DRIVERS

Standalone Profile Drives Rating

"Fitch assesses the links between GR and Georgia (BB-/Stable),
its indirect parent (through JSC Partnership Fund, BB-/Stable) as
moderate. Material dividend payments during a high capex period,
staff cost increases and our perception of a reduction in
government backing for key investment projects, led us to change
the rating approach under Fitch's Parent and Subsidiary Rating
Linkage criteria in 2013. We apply a top-down one-notch rating
approach, reflecting the company's importance to the local
economy as the largest taxpayer and employer and its role in
Georgia's regional transit corridor. GR's standalone 'BB-'
creditworthiness is higher than that derived from the top-down
rating approach, which results in a 'BB-' IDR," Fitch said.

GR's standalone credit profile is underpinned by the company's
sound financial profile, liberal tariff setting policy and
strategic position in the transit corridor in the region.
However, the ratings are limited by the company's small size
compared with other former Soviet Union railways, and its
reliance on the transportation of transit volumes by a single
transit route, which heightens event risk.

Volumes Under Pressure

"GR's freight transportation volumes and turnover continued to
decline in 9M15 by 13.4% and 11.9% yoy, respectively. This was
mainly driven by the decrease of crude oil, construction related
freight and ores transportation by 47%, 33% and 19.3%,
respectively. The company managed to slightly increase more
profitable oil products transportation volumes by 4% driven by
the increased volumes of heavy black oil from Kazakhstan. We do
not expect freight transportation volume and turnover to improve
significantly over 2016-2018 on the back of slowing economies in
the region. From 2017 freight railway traffic may increase
following the commissioning of Baku-Tbilisi-Kars rail link,
although the commissioning of this rail link has been already
delayed several times," Fitch said.

Lari Depreciation Offset Lower Volumes

In 9M15, GR reported freight transportation revenue of GEL399
million, up by 23% yoy. This accounted for over 92% of total
revenue, up from 87% in 9M14 and EBITDA of GEL249 million, up by
about 30% yoy. This was mainly driven by the Georgian lari
depreciation by 27% yoy on average as well as 7.8% average
revenue per tons-km in US dollars increase. Combined with the
fact that the majority of GR's expenses are denominated in local
currency, this resulted in the improvement of EBITDA margin to
57% from 51% in 9M14. However, we note that in US dollar terms,
GR's freight transportation revenue declined by about 5%.

FX Fluctuations in Debt

"GR is subject to FX fluctuations as all of its outstanding debt
(GEL1,017 million at end-2014) is denominated in US dollars, made
up by two unsecured bonds. In July 2015, GR repaid bonds of
GEL53m upon maturity, the remaining amount to be repaid in 2022.
We expect GR's debt to increase by about GEL277 million (using
the Fitch expected exchange rate of GEL/USD of 2.4) by end-2015
as a result of lari depreciation. Foreign currency risk is
mitigated by its natural hedge as the majority of GR's freight
transportation tariffs are denominated in US dollars, and by some
foreign cash currency holdings. At end-3Q15, about 45% of total
cash and cash equivalents (or GEL130 million out of GEL290
million) was held in USD and CHF," Fitch said.

Limited Headroom in Credit Metrics

"At end-2014 the company reported funds from operations (FFO)
adjusted net leverage of 2.3x, down from 4.1x in 2013 and FFO
fixed charge coverage of 3.8x, up from 2.3x. We expect GR's FFO
adjusted net leverage to deteriorate to around 2.8x and fixed
charge coverage to around 3.5x on average over 2015-2018, as a
result of the lari depreciation and continued pressure on
volumes," Fitch said.

Capex-Driven Negative FCF Expected

Fitch expects GR to continue to generate healthy cash flows from
operations of about GEL270 million on average over 2015-2018.
However, its free cash flow (FCF) may turn negative in 2016
driven by the ambitious capex program, averaging about USD235
million annually (using average 9M15 exchange rate) over 2015-
2018. Although GR has some flexibility in capex implementation
and could delay some of the projects to moderate credit metrics,
there is a risk of assets being left stranded should the Tbilisi
Bypass project (GEL354 million spent by end-2012) remain
unfinished.

Total capex commitments at end-3Q15 were GEL676 million (end-
3Q14: GEL576 million), mainly relating to the mainline connecting
Tbilisi to the Black Sea modernization of GEL450 million and
Tbilisi Bypass project of GEL220 million. The Baku-Tbilisi-Kars
project is fully funded by the Azerbaijan government and not
executed by GR.

KEY ASSUMPTIONS

Fitch's key assumptions within our rating case for the issuer
include:

-- Freight transportation volumes to decline by about 13% in
    2015, flat volumes growth in 2016 and low single digit
    increase thereafter.

-- Freight tariffs in local currency equivalent increase
    following the lari depreciation in 2015 and a single digit
    increase thereafter.

-- Inflation driven cost increase.

-- Capex in line with management expectations of USD524 million.

-- GEL/$US exchange rate of 2.4 at end-2015 and 2.27 average for
    2015, 2.37 average and year end for 2016 and 2.35 for 2017
    and onwards.

RATING SENSITIVITIES

Positive: Fitch does not anticipate an upgrade as GR's IDR would
be above the sovereign's current rating, and cannot be upgraded
unless Georgia's sovereign IDR is upgraded. If Georgia's
sovereign rating is higher, future developments that could lead
to positive rating action include:

-- A sustainable improvement in GR's standalone rating to 'BB',
    including FFO adjusted net leverage to below 2.5x and FFO
    fixed charge cover greater than 3.5x.

-- Stronger links with the government, such as government
    guarantees for a material portion of GR's debt, which could
    also result in Fitch aligning GR's rating with the sovereign.

Negative: Future developments that could lead to negative rating
action include:

-- Negative sovereign rating action.

-- A sustained increase of FFO adjusted net leverage above 3x
    and/or FFO fixed charge cover below 3x that results in a
    weaker standalone creditworthiness. A downgrade for this
    reason would be limited to a one-notch differential below the
    sovereign rating.

-- Weakening links with the government, such as privatization of
    a majority stake may result in wider notching down from the
    sovereign rating."

LIQUIDITY

At end-3Q15, GR's gross debt was GEL1,208 million, including
short-term maturities of GEL20 million, which were comfortably
covered by cash and cash equivalents of GEL290 million together
with undrawn credit facilities of GEL43 million. Fitch notes that
cash and cash equivalents as well as undrawn credit facilities
are mostly held by Georgian banks, with non-investment grade
ratings. We expect GR's FCF to revert to negative over 2016-2018
following continuation of the suspended Tbilisi bypass project.
GR may postpone certain capex projects or delay them where
necessary.

FULL LIST OF RATING ACTIONS

Long-term foreign currency IDR affirmed at 'BB-', Outlook Stable
Long-term local currency IDR affirmed at 'BB-'; Outlook Stable
Short-term foreign currency IDR affirmed at 'B'
Short-term local currency IDR affirmed at 'B'
Foreign currency senior unsecured rating affirmed at 'BB-'
Local currency senior unsecured rating affirmed at 'BB-'



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H U N G A R Y
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MAGYAR TAKAREKSZOVETKEZETI: S&P Raises CCR to 'BB'
--------------------------------------------------
Standard & Poor's Ratings Services raised its long-term
counterparty credit rating on Hungary-based Magyar
Takarekszovetkezeti Bank ZRt. (Takarekbank) to 'BB' from 'BB-'
and affirmed the 'B' short-term rating.  The outlook is stable.

"Our rating action reflects our view that Takarekbank has a
highly integrated role within the saving cooperative group
following the restructuring that took place in 2014 and 2015.  We
equalize the ratings on Takarekbank with the 'bb' group credit
profile (GCP) based on its core status.  The new cooperative
banking sector structure incorporates joint and several liability
between Takarekbank and all other group member banks.  The group
is now regulated and reports on a consolidated basis.  The
ratings on Takarekbank reflect the franchise and creditworthiness
of the wider savings cooperatives sector in Hungary, comprising
of about 93 member cooperative banks as of Nov. 30, 2015.
Takarekbank acts as the cooperative's central bank and treasury
department, and large corporate entities within the group bank
with it," S&P said.

The group has a stronger funding and liquidity profile than the
Hungarian banking system average.  Despite demonstrating better
resilience through the recent economic downturn, weak efficiency
and operating conditions in Hungary constrain profitability and
growth, leading to weak capacity to generate internal capital.
The group strategy has been to strengthen the integration of the
savings cooperatives sector under Takarekbank's control, while
improving IT, corporate governance, creditworthiness, risk
management, and marketing during the past 12 months.

The integrated savings cooperatives directly and indirectly own
most of Takarekbank.  Following a radical integration program
during late 2014 and early 2015, all of the group's member
cooperative banks, as well as Takarekbank itself, now operate as
a single entity for regulatory purposes under a joint and several
guarantee scheme established under Hungarian law.  Given
Takarekbank's integration and role vis-a-vis the savings
cooperatives, S&P views the bank as core to the group.

The stable outlook balances the improving economic environment in
Hungary and Takarekbank's tighter integration into the group of
Hungarian savings bank cooperatives with limited business
prospects given that demand for credit remains subdued.  However,
as a niche bank with weaker earnings capacity than the sector
average, S&P also expects the group will benefit less from
further improvement in the country's economic growth prospects
than private banks.  The bank's business now operates more
integrally within the savings cooperatives' group strategy, with
harmonized marketing, products, and IT systems.  S&P thinks that
this could create stronger risk management, better efficiency,
and wider business opportunities, which S&P already factors into
the ratings.  Therefore, S&P expects these factors will help the
group maintain a financial and business profile that it considers
commensurate with current ratings over the next year.



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I R E L A N D
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ALLIED IRISH: Fitch Hikes LT Issuer Default Rating to 'BB+'
-----------------------------------------------------------
Fitch Ratings has upgraded AIB Mortgage Bank's (AIBMB) and EBS
Mortgage Finance's (EBSMF) mortgage covered securities (CvB) to
'A+' from 'A'. The Rating Outlook is Positive for both AIBMB's
CvB and EBSMF's CvB.

KEY RATING DRIVERS

The upgrades reflect the upgrade of the Long-term Issuer Default
Rating (IDR) of Allied Irish Banks, plc (AIB) to 'BB+'/Positive
from 'BB'/Positive.  AIB's IDR is used as the reference IDR for
both CvB programs since both issuers are specialized wholly-owned
subsidiaries (either directly or indirectly) of AIB.

The CvB ratings are based on AIB's Long-term IDR of 'BB+', an
unchanged IDR uplift of 1, an unchanged D-Cap of 3 notches and
the over-collateralization (OC) that Fitch considers in its
analysis, which supports the 'A+' breakeven OC for AIBMB at 36.0%
and for EBSMF at 48%. The respective 'A+' breakeven OC support
timely payments in a 'A-' scenario and a two-notch recovery
uplift in a 'A+' scenario. The Positive Outlook on the CvB
ratings reflects that of AIB.

For AIBMB, the 36.0% 'A+' breakeven OC is largely driven by an
asset disposal loss component of 34.0%, due to large maturity
mismatches (the weighted average life or WAL, of assets at 11
years versus bonds' at three years) and the high refinancing
spreads applied. This is followed by the cover pool's credit loss
of 15.3% in a 'A+' scenario. A cash flow valuation component of -
9.8% reduces the 'A+' breakeven OC due to high excess spread and
the longer WAL of the assets versus the liabilities.

Similarly, the 48% 'A+' breakeven OC in EBSMF is primarily driven
by an asset disposal loss component of 43.2%. This is followed by
the cover pool's credit loss of 22.7% in a 'A+' scenario. A cash
flow valuation component of -12.9% reduces the 'A+' breakeven OC.

Following the upgrade of the IDR, AIB and EBS Limited (EBS,
BB+/Positive, a subsidiary of AIB) become eligible swap
counterparties in AIBMB and EBSMF programs respectively, taking
into account the swap collateral posting mechanism under the
interest rate swaps. Fitch thus has modelled the swaps in its
cash flows model. This has a beneficial impact on the cash flow
valuation.

EBSMF intends to mitigate the risk of the account bank, BNP
Paribas (BNP, A+/Stable) in this program with a rating trigger
and remedy in line with Fitch's counterparty criteria within a
set time frame. BNP holds a reserve fund to cover timely interest
and receives mortgage payments directed from the collection bank.
EBSMF has another account bank, KBC Bank (KBC, A-/Stable) and
does not intend to place the reserve fund or direct the mortgage
payments to KBC. Therefore, the ratings of BNP and KBC are not
constraining the CvB's rating.

The D-Cap of 3 is due to the weak link of the liquidity risk and
systemic risk component that is assessed as moderate high risk.
The CvB has a 12-month maturity extension and both programs have
liquidity reserve coverage for timely interest payment, although
the rating of EBSMF's CvB is linked to BNP because the account
bank risk is not fully mitigated.

The unchanged IDR uplift of 1 reflects the CvB's exemption from
bail-in, and that AIB is one of two pillar banks in Ireland.
Fitch considers resolution of AIB by other means than liquidation
as likely due to AIB's systemic importance in its domestic
market.

Fitch takes into account of the issuers' publicly committed OC of
39.0% for AIBMB and 48.0% for EBSMF.

RATING SENSITIVITIES

For both programs, the 'A+' rating could be upgraded if (i) the
IDR of AIB is upgraded by one or more notches to 'BBB-' or
higher; or (ii) the number of notches represented by the IDR
uplift and the D-Cap is increased to five or more; and (iii) the
OC that Fitch considers in its analysis is higher than Fitch's
breakeven OC given the CvB's rating at that time.

Both programs would be downgraded should (i) AIB be downgraded by
one notch or (ii) the sum of the IDR uplift and the D-Cap is
revised downwards or (iii) the OC that Fitch gives credit to is
below the breakeven OC for the rating of each program.

The Fitch breakeven OC for the covered bond rating will be
affected, among others, by the profile of the cover assets
relative to outstanding covered bonds, which can change over
time, even in the absence of new issuance. Therefore the
breakeven OC to maintain the covered bond rating cannot be
assumed to remain stable over time.



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I T A L Y
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CANTIERI NAVALI: February 10 Deadline Set for Shipyard Bids
-----------------------------------------------------------
The approved composition proceeding "Cantieri Navali C.M. S.p.A.
now S.r.l., in liquidation" N. 23/10 R.C., intends to carry out a
competitive sale of the industrial complex, "l'Azienda" at Pisa,
Via della Darsena, n. 2 - localita Navicelli, with activities of
commercial and luxury shipbuilding, comprising tangible and
intangible assets.

The sale will take place on February 11, 2016 at 11:00 a.m. in
the studio of Dott. Roberto Dell'Omodarme, the judicial
liquidator, in Pisa, Galleria G.B. Gerace, n. 7 with the
following modalities:

   -- Competitive sale of the business in a sole lot, at the
      starting price of EUR6,000,000;

   -- All offers equal or higher than 75% of the starting price
      will be considered valid;

   -- In case of competitive bids, minimum increment is
EUR10,000.

All bids, together with a cashier's check over the deposit of 10%
of the offer, to be made out to "Conc. Prev. Cantieri Navali C.M.
S.p.A., ora S.r.l., in liquidazione", must be submitted in a
sealed envelope to the to the studio of the judicial liquidator
by 1:00 p.m. on February 10, 2016.

The delegated judge for the liquidation is Dott. Giovanni
Zucconi.

For further information, interested parties may contact the
judicial liquidator at:

          Dott. Roberto Dell'Omodarme
          E-mail: picp232010@procedurepec.it
          Telephone: 0039-050-970742-9711330
          Fax: 0039-050-3157671


CASSA DI RISPARMIO: FIDT Bailout Incompatible Use of State Aid
--------------------------------------------------------------
ANSA reports that the European Commission on Dec. 23 said the use
of the deposit guarantee fund (FIDT) to rescue troubled Cassa di
Risparmio di Teramo (Tercas) bank constituted "incompatible use
of State aid" because FIDT "acted on behalf of the Italian
State".

According to ANSA, the European Commission found that Italy also
failed to submit a restructuring plan for the lender that went
bust in October 2013.

Several bank executives were arrested in the EUR226 million
Tercas crack-up that led to the Teramo-based lender to be placed
under special receivership by the Bank of Italy, ANSA relates.

In September, a Rome judge indicted 14 suspects including former
Tercas general manager Antonio Di Matteo (head of the bank from
June 2005 to September 2011) and lawyer and financier Giampiero
Samori', who among other activities, founded a center-right
political movement called Moderates in Revolution (MIR), ANSA
recounts.

Trial begins January 13, ANSA discloses.



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L U X E M B O U R G
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OXEA SARL: Moody's Raises Corporate Family Rating to B2
-------------------------------------------------------
Moody's Investors Service upgraded to B2 from B3, the Corporate
Family Rating and to B2-PD from B3-PD the Probability of Default
Rating of Oxea S.ar.l., the ultimate holding company of the
subsidiary guarantors to the group's senior secured credit
facilities.  In addition, Moody's affirmed at B2 the rating on
the first-lien senior secured credit facility at Oxea's
subsidiary Oxea Finance & Cy S.C.A.  The outlook on all ratings
remains stable.

RATINGS RATIONALE

The upgrade of Oxea's CFR to B2 reflects Oxea's improved credit
metrics after its second-lien senior secured credit facility due
2020 was repaid with a $325 million cash injection from its
shareholder, Oman Oil Company (OOC, unrated), leading to an
approximately $27 million reduction in interest expense going
forward.  It also reflects the credit positive support from OOC
in the context of Oxea's continued weak operating performance
since the completion of its acquisition from private-equity firm
Advent International Corporation.  Despite the repayment of $325
million of second lien debt in December, credit metrics are weak
for the current rating, with Moody's expecting Moody's adjusted
debt/EBITDA to only fall to approximately 6.5x at the end of this
year from 8.3x for the last-twelve-months (LTM) to September
2015.

However, more positively, the B2 CFR also reflects Moody's view
that (1) Oxea is a leading pure-play merchant producer of oxo
chemicals for the global chemicals market; (2) Oxea had a proven
ability to generate solid cash flows through global and European
economic cycles and currently has adequate liquidity; and (3)
OOC's recent support is credit positive for Oxea.

On the other hand, the B2 CFR is negatively impacted by (1) a
challenging oversupplied oxo market due to capacity additions in
Asia over the past few years as well as weak European demand; (2)
the company's exposure to cyclical industries and highly variable
raw material costs; and (3) Moody's expectation that despite
reduced interest costs after the repayment of the second lien
facility, the company will still generate slightly negative free
cash flow in 2016 due to high capital expenditures related to
capacity expansion in its US Bay City plant next year.

Performance has suffered this year as a result of customer
destocking, continued higher propylene prices in Europe compared
to Asia and unplanned outages, only partly mitigated by margin
expansion in its derivatives segment from raw material price
declines.  Moody's expects limited improvement next year as the
oxo-chemicals market is expected to remain long through most of
2016, leading to only slight deleveraging but with Moody's
adjusted debt/EBITDA ending the year still above 6.0x.

OOC was pursuing investments in the wider energy sector that are
consistent with the long-term strategy of its owner, the
Government of Oman (A1 negative).  Moody's views OOC's support of
Oxea as credit positive but does not uplift the B2 ratings (by a
notch or more).  Although the rating agency understands that OOC
views Oxea as strategically important for its growth plans in
downstream chemicals and has just injected $325 million in cash
(in the form of a shareholder loan that Moody's views as equity),
Moody's questions its willingness and ability to do so
meaningfully going forward, considering the rating agency still
views Oxea as highly leveraged.

Moody's views Oxea's liquidity as adequate over the next 12-18
months.  As of Sept. 30, 2015, it had EUR110 million of cash on
balance sheet but drawings on its EUR110 million revolving credit
facility (RCF) due 2018, are restricted to 25% as Moody's does
not expect it to meet a springing leverage covenant in 2016,
which steps down to 4.75x from 5.25x.  However, the rating agency
still expects Oxea's liquidity is sufficient to cover limited
negative free cash flow, largely due to high capital expenditure
related to its capacity expansion in the US.  Absent the RCF
maturity in July 2018, there are no significant debt repayments
due before early 2020.

RATING OUTLOOK

The stable outlook assumes that Oxea maintains adequate liquidity
and that operational performance improves, with the company
continuing to deleverage towards 6.0x.

WHAT COULD CHANGE THE RATING UP/DOWN

Positive pressure is unlikely at this time due to Oxea's weak
positioning at the current rating.  However, it could materialise
if Oxea were to sustainably achieve a Moody's-adjusted
debt/EBITDA ratio below 5.0x and retained cash flow/debt in the
high single digit percentage terms, whilst maintaining good
liquidity.

Conversely, Moody's would consider downgrading Oxea's ratings if
(1) the company sustains debt/EBITDA above 6.0x and its retained
cash flow/debt falls below 5%; (2) there is a change in ownership
or (3) liquidity deteriorates.

The principal methodology used in these ratings was Global
Chemical Industry Rating Methodology published in December 2013.

Incorporated in Luxembourg, Oxea S.ar.l. is a leading global
producer of oxo intermediates and derivatives with a key product
portfolio of oxo chemical products and well-established market
positions in Europe, North America, Asia-Pacific, and South
America.  Oxo chemicals are critical to the production of other
chemicals used in a variety of industries such as automotive,
construction, industrial goods, consumer and retail,
pharmaceuticals, cosmetics, agriculture and packaging.  As of
financial year-end (FYE) December 2014, Oxea reported revenues
and EBITDA of EUR1.4 billion and EUR155 million, respectively and
on a Moody's-adjusted basis.


OXEA SARL: S&P Revises Outlook to Stable & Affirms 'B+' CCR
-----------------------------------------------------------
Standard & Poor's Ratings Services said that it has revised its
outlook on oxo intermediates and derivatives producer OXEA
S.a.r.l. (Luxembourg) to stable from negative.  At the same time,
S&P affirmed its long-term corporate credit rating on OXEA at
'B+'.

S&P also affirmed its issue ratings on OXEA's senior secured
revolving credit facility (RCF) and first-lien term loans at
'B+'. S&P is also withdrawing its issue rating of 'B-' and the
recovery of '6' on the second-lien facility, which S&P
understands has been repaid using a shareholder loan from OXEA's
owner, Oman Oil Company (OOC).

The rating action reflects OXEA's material reduction in leverage
following the repayment of its $325 million second-lien loan with
proceeds from a shareholder loan, which S&P views as a
significant demonstration of OXEA's importance to its parent,
OOC.  Following S&P's review of the shareholder loan agreement,
it views the $325 million loan put in place by OOC as equity
under its criteria.

S&P anticipates OXEA to report moderately improved operating
performance in 2015, with EBITDA of about EUR150 million on a
margin of about 11.5%, compared with EBITDA of EUR128 million on
a 9.4% margin in 2014.  S&P recognizes that this reflects
improved results from the derivatives segment, which benefited
from investments in new capacities, and a supportive EUR/$
exchange rate.  OXEA also saw some margin expansion due to lower
raw material costs, notwithstanding low export sales to Asia,
constraints in the supply of syngas (an intermediate used in the
production of synthetic natural gas) in the U.S., and delayed
purchases by some customers due to raw material price deflation.

S&P expects that the recent decline in oil prices could encourage
customers to reduce their stock and take a wait-and-see approach
in the fourth quarter of 2015 and possibly in the first quarter
of 2016.  Even so, S&P believes OXEA should sustain at least part
of the improvements to its operating performance it achieved in
2015 into 2016.

Under S&P's base-case scenario, it anticipates OXEA to report
EBITDA of about EUR160 million-EUR170 million in 2016, moderately
improving on EBITDA of about EUR150 million in 2015.  S&P's
projections include these assumptions:

   -- Low single-digit revenue growth, balancing the good
      performance of OXEA's derivatives segment, thanks to
      investments in new capacity, with the pass-through of lower
      feedstock prices to customers.

   -- EBITDA margins recovering to about 12%-13%, mainly due to
      lower raw material costs and assuming no production
      outages. Capital expenditure (capex) of about EUR100
      million, although S&P understands from management that
      investments are highly flexible and capex could be reduced
      to as little as EUR40 million-EUR50 million.

   -- No acquisitions, dividends, or disposals.

Under these assumptions, OXEA's Standard & Poor's-adjusted debt
to EBITDA should approach about 6x by year-end 2016, down from
the 6.2x-6.4x S&P anticipates in 2015, a level that it views as
commensurate with the 'b' stand-alone credit profile of the
company.

S&P assesses OXEA's liquidity as adequate under its criteria.
S&P estimates that liquidity sources should cover liquidity uses
by more than 1.2x over the 12 months from Sept. 30, 2015.

S&P's base-case operating scenario forecasts these liquidity
sources in the 12 months from September 2015:

   -- About EUR110 million in cash as of September 2015;
   -- About EUR80 million-EUR90 million of funds from operations
      (FFO); and
   -- EUR110 million revolving credit facility, of which 25% can
      be drawn without triggering the covenant test.

S&P's base-case scenario assumes these liquidity uses over the
same period:

   -- EUR90 million-EUR100 million of capex;
   -- Minimal mandatory debt repayments due to modest 1%
      contractual debt amortization under the first-lien
      facilities, which mature in 2020; and
   -- Intra-year working capital requirements of EUR30 million.

The stable outlook on OXEA reflects S&P's view that its EBITDA
will remain resilient in 2016, notwithstanding the challenging
environment for oxo chemicals.  Additionally, S&P's stable
outlook factors in its assumption that the improvement in
operating performance, coupled with lower debt and interest costs
following repayment of the second-lien loan, will lead to neutral
FOCF and adjusted debt to EBITDA of about 6x in 2016.  S&P views
OXEA's adequate liquidity as an important factor supporting the
rating.

S&P could consider a negative rating action if OXEA's adjusted
debt to EBITDA ratio remained above 6x in 2016 without near-term
prospects of recovery, or if its liquidity weakened.  In S&P's
view, this could happen as a result of EBITDA remaining at about
EUR150 million in 2016, of if the company increased its capital
expenditure above EUR100 million.  Further demonstration of
support from OOC, notably in the event of weakening liquidity,
would be important in S&P's rating considerations.

S&P do not expect to raise the ratings over the next 12-18 months
given its view of OXEA's highly leveraged capital structure and
its assumption of relatively limited EBITDA upside in 2016.  An
upgrade could materialize over time, however, if OXEA
demonstrates a track record of sustainable improvement in
operating performance, with EBITDA of at least EUR180 million-
EUR190 million and adjusted debt to EBITDA of less than 5x.



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


HARBOURMASTER CLO 6: Fitch Cuts Ratings on 3 Note Classes to 'CC'
-----------------------------------------------------------------
Fitch Ratings has upgraded Harbourmaster CLO 6 B.V.'s classes A3,
A4E, A4F and B1 notes, and downgraded the class B2, S4 and S6
notes, as follows:

  Class A3 (XS0233875227): upgraded to 'A+sf' from 'BBBsf';
  Outlook Stable

  Class A4E (XS0233876209): upgraded to 'BBB+sf' from 'BBsf';
  Outlook Stable

  Class A4F (XS0233876381): upgraded to' BBB+sf' from 'BBsf'';
  Outlook Stable

  Class B1 (XS0233876621): upgraded to' BBsf' from 'B-f'; Outlook
  Stable

  Class B2 (XS0233877603): downgraded to 'CCsf' from 'CCCsf';
  Recovery Estimate revised to 60% from 0%

  Class S4 combo (XS0234648375): downgraded to 'CCsf' from
  'CCCsf'; Recovery Estimate revised to 80% from 75%

  Class S6 combo (XS0234649852): downgraded to 'CCsf' from
  'CCCsf'; Recovery Estimate revised to 40% from 0%

Harbourmaster CLO 6 B.V. is a securitization of a portfolio of
mainly European senior secured and unsecured loans.

KEY RATING DRIVERS

The upgrade of the class A3, A4E, A4F and B1 notes reflects the
increase in credit enhancement as a result of natural
amortization over the past year. The class A2 notes have fully
amortized. As a result, credit enhancement for the class A3 notes
has increased to 59.1% from 31.4%, to 42.5% from 22.5% for the
class A4E and A4F notes and to 21.9% from 11.4% for the class B1
notes. The amortization of the class B2 notes is a result of the
over-collateralization (OC) test having been breached and
additional excess spread being diverted towards the sequential
payment of the notes.

The transaction has been unable to reinvest any unscheduled
proceeds since January 2013 and all proceeds are being used to
amortize the notes. Sales have been limited to defaulted and
credit risk assets over the past year. The current portfolio
doesn't include any defaulted obligations.

Overall, the portfolio credit quality has slightly deteriorated.
The weighted average rating factor has increased to 32.5 from 31,
indicating a worsening of the portfolio credit quality. The 'CCC'
and below assets have increased to 12.8% from 12.2%. Furthermore,
the portfolio is very concentrated, with 20 assets issued by 12
issuers, of which the 10 largest issuers account for 95.78% of
the portfolio. Hence the class A3 note upgrade was limited to
'A+sf'.

The downgrade of the class B2 notes reflects low credit
enhancement, which is currently at 3.5%, below the level at
closing in November 2005. The downgrade of the class S4 and S6
combination notes reflects the downgrade of class B2. The class
S4 comprises the class B1 and B2 notes. Therefore the lowest
rated class B2 notes drives the rating of the combination note.
The class S6 comprises the class B2 and subordinated notes.

Fitch downgraded Deutsche Bank on December 8, 2015 to 'A-'/
Stable/'F1' from 'A'/Negative/'F1'. Deutsche Bank is the account
bank for Harbourmaster CLO 6 and no longer meets required ratings
of 'AA-'/'F1' for the account bank role accordingly to the
transaction documentation. The issuer is required to find a
replacement account bank with the requisite ratings within 30
days of this downgrade.

RATING SENSITIVITIES

A 25% increase in the obligor default probability would not
impact the rated notes.

A 25% reduction in expected recovery rates would lead to a
downgrade of up to three notches for the rated notes.

DUE DILIGENCE USAGE

No third party due diligence was provided or reviewed in relation
to this rating action.

DATA ADEQUACY

Fitch has checked the consistency and plausibility of the
information it has received about the performance of the asset
pool and the transaction. There were no findings that were
material to this analysis. Fitch has not reviewed the results of
any third party assessment of the asset portfolio information or
conducted a review of origination files as part of its ongoing
monitoring.

The majority of the underlying assets have ratings or credit
opinions from Fitch and/or other Nationally Recognized
Statistical Rating Organizations and/or European Securities and
Markets Authority registered rating agencies. Fitch has relied on
the practices of the relevant Fitch groups and/or other rating
agencies to assess the asset portfolio information.

Overall, Fitch's assessment of the information relied upon for
the agency's rating analysis according to its applicable rating
methodologies indicates that it is adequately reliable.


MACINTOSH: Fails to Find Buyer, Files for Creditor Protection
-------------------------------------------------------------
DutchNews.nl reports that Macintosh on Dec. 22 said it had
applied for court protection from creditors after failing to find
a buyer for all or part of the concern.

The request for suspension of payments affects the holding
company, not its subsidiaries, DutchNews.nl notes.

According to DutchNews.nl, after reviewing the sales progress,
the company's management and supervisory boards have "come to the
conclusion that none of the potential options will result in a
viable, comprehensive solution for Macintosh's current
situation".

"Filing for suspension of payments is therefore the only
remaining option."

The company, as cited by DutchNews.nl, said it will work together
with the administrators, when appointed, to see if the sale of
parts of the company is still a feasible option.

In March, Macintosch announced a net loss of EUR102 million in
2014, compared with a year earlier loss of EUR12 million, putting
it further into the red, DutchNews.nl recounts.

Macintosh has a total workforce of over 10,400, many of which are
part time jobs, DutchNews.nl discloses.

Macintosh is a high street retail group based in the Netherlands.


V&D GROUP: Court Suspends Payments to Creditors
-----------------------------------------------
Celeste Perri and Elco Van Groningen at Bloomberg News report
that Sun Capital Partners Inc.'s V&D Group said it won court
permission to suspend payments to creditors after the Dutch
department-store owner withdrew its support for further financing
in the wake of a sales decline.

According to Bloomberg, V&D said in a statement on its website
the chain suffered "unexpected circumstances" in the past few
months, including warmer-than-expected weather in November and
December.

An Amsterdam court announced the decision earlier on Dec. 23,
Bloomberg relates.

V&D Group is a Dutch department store chain.  It has more than 60
stores in the Netherlands and employs 10,000 people.


WOOD STREET CLO V: S&P Raises Ratings on 2 Note Classes to BB+
--------------------------------------------------------------
Standard & Poor's Ratings Services raised its credit ratings on
Wood Street CLO V B.V.'s class A-2, B, C-1, C-2, D, E-1, E-2, and
P-Combo notes.  At the same time, S&P has affirmed its ratings on
the class A-T, A-D, and A-R notes.

The rating actions follow S&P's review of the transaction's
performance under its updated criteria for rating corporate
collateralized loan obligation (CLO) transactions.  S&P performed
a credit and cash flow analysis and assessed the support that
each participant provides to the transaction by applying its
current counterparty criteria.  In S&P's analysis, it used data
from the latest available trustee report dated Nov. 2, 2015.

S&P's corporate CLO criteria incorporate supplemental tests
intended to address both event risk and model risk that may be
present in rated transactions.  These consist of (1) the "largest
obligor default test," which assesses whether a CLO tranche has
sufficient credit enhancement to withstand specified combinations
of underlying asset defaults based on the ratings on the
underlying assets, and (2) the "largest industry test," which
assesses whether or not it can withstand the default of all the
obligors in the largest industry category.

The updated criteria do not change the calculation of the loss
amounts for the supplemental tests.  However, the criteria now
allow the loss amounts calculated for the largest obligor default
test to be run through S&P's cash flow model to take into account
excess spread and to ensure that the tranche subject to the test
receives timely interest and ultimate principal in S&P's
analysis.

S&P subjected the capital structure to a cash flow analysis to
determine the break-even default rate for each rated class of
notes at each rating level.  In S&P's analysis, it used the
reported portfolio balance that we considered to be performing
(EUR389.6 million), the weighted-average spread, and the
weighted-average recovery rates for the performing portfolio.
S&P applied various cash flow stress scenarios, using its
standard default patterns in conjunction with different interest
stress scenarios for each liability rating category.

The exposure to obligors based in countries rated below 'A-' is
greater than 10% of the aggregate collateral balance (15.6%).
Therefore, S&P has also applied additional stresses in accordance
with its nonsovereign ratings criteria.

Non-euro-denominated assets comprise 15.7% of the aggregate
collateral balance, which are hedged by cross-currency options
and an asset swap agreement.  In S&P's opinion, the documentation
for these derivative agreements does not fully reflect its
current counterparty criteria.  In S&P's cash flow analysis, for
ratings above the issuer credit rating plus one notch on the
counterparty, S&P considered scenarios where the options and swap
counterparty do not perform.

S&P's review of the transaction highlights that the class A-T, A-
D, and A-R notes have paid down by EUR32.5 million since S&P's
April 27, 2015, review.  This has increased the available credit
enhancement for all of the rated classes of notes.

S&P's credit and cash flow analysis, together with the
application of its nonsovereign ratings criteria and current
counterparty criteria, indicates that the available credit
enhancement for the class A-T, A-D, and A-R notes is commensurate
with their currently assigned ratings.  Therefore, S&P has
affirmed its ratings on these classes of notes.

S&P's analysis indicates that the available credit enhancement
for the class A-2 and B notes is now commensurate with higher
ratings than those currently assigned.  Therefore, S&P has raised
its ratings on the class A-2 and B notes.

In S&P's April 2015 review of the transaction, its credit and
cash flow analysis indicated that the available credit
enhancement for the class C-1, C-2, D, E-1, E-2, and P-Combo
notes was commensurate with higher ratings.  However, the
application of the largest obligor default test constrained S&P's
ratings on these classes of notes.  Upon publishing S&P's updated
corporate CLO criteria, it placed these ratings "under criteria
observation".

Following the application of the largest obligor default test
under S&P's updated corporate CLO criteria, and taking into
account the results of its credit and cash flow analysis, the
transaction can now support higher ratings on the class C-1, C-2,
D, E-1, E-2, and P-Combo notes.  Therefore, S&P has raised its
ratings on the class C-1, C-2, D, E-1, E-2, and P-Combo notes.
These ratings are also no longer under criteria observation.

Wood Street CLO V is a cash flow CLO transaction that securitizes
loans granted to primarily European speculative-grade corporate
firms.  Alcentra Ltd. manages the transaction.  The transaction
closed in June 2007 and entered its amortization period in
November 2014.

RATINGS LIST

Class                Rating
              To               From

Wood Street CLO V B.V.
EUR515 Million Senior Secured And Subordinated Floating-Rate
Notes

Ratings Affirmed

A-T           AA+ (sf)
A-D           AA+ (sf)
A-R           AA+ (sf)

Ratings Raised

A-2           AA+ (sf)         AA (sf)
B             AA (sf)          A+ (sf)
C-1           A (sf)           BBB+ (sf)
C-2           A (sf)           BBB+ (sf)
D             BBB+ (sf)        BB+ (sf)
E-1           BB+ (sf)         B- (sf)
E-2           BB+ (sf)         B- (sf)
P Combo       A+ (sf)          BBB+ (sf)



===============
P O R T U G A L
===============


BANIF BANCO FUNCHAL: Moody's Reviews B3(cr) Counterparty Risk
-------------------------------------------------------------
Moody's Investors Service placed on review for upgrade the Baa2
ratings on the mortgage covered bonds issued by Banif - Banco
Internacional do Funchal, S.A. (Banif; (deposits WR, adjusted
baseline credit assessment ca, Counterparty Risk (CR) assessment
B3(cr) on review with direction uncertain)).

RATINGS RATIONALE

The rating review follows the Bank of Portugal's announcement of
the sale of the business of Banif and most of its assets and
liabilities to Banco Santander Totta S.A. (deposits Baa3,
adjusted baseline credit assessment ba1, counterparty risk (CR)
assessment Baa3(cr)). Banif covered bonds are placed on review
for upgrade as a result of the higher CR Assessment of Banco
Santander Totta S.A.

As per the announcement, the sale is intended to protect the
savings of households and companies that are entrusted to Banif,
both deposits and senior bonds. In addition, Banif has confirmed
that Banco Santander Totta S.A. will acquire Banif's covered
bonds. As a result, Banif's covered bondholders will have direct
recourse to Banco Santander Totta S.A. once the transfer is
complete. During the review, Moody's will follow the details of
the transfer process.

KEY RATING ASSUMPTIONS/FACTORS

Moody's determines covered bond ratings using a two-step process:
an expected loss analysis and a TPI framework analysis.

EXPECTED LOSS: Moody's uses its Covered Bond Model (COBOL) to
determine a rating based on the expected loss on the bond. COBOL
determines expected loss as (1) a function of the probability
that the issuer will cease making payments under the covered
bonds (a CB anchor event); and (2) the stressed losses on the
cover pool assets following a CB anchor event.

The CB anchor for this program is the CR Assessment plus one
notch. The CR Assessment reflects an issuer's ability to avoid
defaulting on certain senior bank operating obligations and
contractual commitments, including covered bonds. Moody's may use
a CB anchor of CR assessment plus one notch in the European
Union, or otherwise, where an operational resolution regime is
particularly likely to ensure continuity of covered bond
payments.

The cover pool losses for Banif's Mortgage covered bonds are
22.4%. This is an estimate of the losses Moody's currently models
following a CB anchor event. Moody's splits cover pool losses
between market risk of 13.3% and collateral risk of 9.1%. Market
risk measures losses stemming from refinancing risk and risks
related to interest-rate and currency mismatches (these losses
may also include certain legal risks). Collateral risk measures
losses resulting directly from cover pool assets' credit quality.
Moody's derives collateral risk from the collateral score, which
for this program is currently 13.6%.

The over-collateralization (OC) in the cover pool is 22.5%, of
which the issuer provides 22.5% on a "committed" basis. The
minimum OC level consistent with the Baa2 rating target is 10%.
These numbers show that Moody's is not relying on "uncommitted"
OC in its expected loss analysis.

All numbers in this section are based on Moody's most recent
modelling (based on data, as per 30 September 2015). For further
details on cover pool losses, collateral risk, market risk,
collateral score and TPI Leeway across covered bond programs
rated by Moody's, please refer to "Moody's Global Covered Bonds
Monitoring Overview", published quarterly.

TPI FRAMEWORK: Moody's assigns a TPI, which measures the
likelihood of timely payments to covered bondholders following a
CB anchor event. The TPI framework limits the covered bond rating
to a certain number of notches above the CB anchor.

For Banif's Mortgage covered bonds, Moody's has assigned a TPI of
"Probable-High".

Factors That Would Lead to an Upgrade or Downgrade of the Rating:

The CB anchor is the main determinant of a covered bond program's
rating robustness. A change in the level of the CB anchor could
lead to an upgrade or downgrade of the covered bonds. The TPI
Leeway measures the number of notches by which Moody's might
lower the CB anchor before the rating agency downgrades the
covered bonds because of TPI framework constraints.

The TPI Leeway for this program is 0 notches.

A multiple-notch downgrade of the covered bonds might occur in
certain circumstances, such as (1) a country ceiling or sovereign
downgrade capping a covered bond rating or negatively affecting
the CB anchor and the TPI; (2) a multiple-notch downgrade of the
CB anchor; or (3) a material reduction of the value of the cover
pool.


PORTUGUESE BANKS: Moody's Takes Actions on Various Institutions
---------------------------------------------------------------
Moody's Investors Service has taken rating actions on Portuguese
banks Banco Santander Totta S.A. (BST) and BANIF-Banco
Internacional do Funchal, S.A., following the announcement by the
Bank of Portugal on Dec. 21, 2015, that, under the resolution
procedures of Banif, the bank will be liquidated following the
sale of major operations, assets and liabilities to BST.

In more detail, the rating agency has affirmed BST's and its
supported entities' Baa3/Prime-3 deposit ratings, Ba1/Not Prime
senior debt ratings, the (P)Ba2 subordinated debt, the (P)Ba3
junior subordinated debt, the bank's baseline credit assessment
(BCA) of ba3 and its counterparty risk assessment (CRA) of
Baa3(cr)/Prime-3(cr).  The outlook on BST's deposit and senior
debt ratings is stable.

The affirmation of the bank's ratings reflects Moody's views that
BST's credit profile remains resilient after the acquisition of a
large portion of the assets and liabilities from Banif.

At the same time, Moody's has upgraded Banif's deposit ratings to
Baa3/Prime-3 from Caa2/Not-Prime.  Subsequently, Moody's has
withdrawn Banif's deposit ratings.  The upgrade and withdrawal
have been triggered by the acquisition of Banif's deposits by BST
as part of the transaction.

The rating agency has also downgraded Banif's subordinated debt
rating to C from Ca and the bank's BCA to ca from caa3, prompted
by the Bank of Portugal's announcement that Banif will be
liquidated as part of the resolution of the bank, which was
approved in conjunction with the European authorities.  Moody's
has also affirmed Banif's supported entities' backed junior
subordinated debt rating and backed preferred shares at C(hyb).

Banif's long-term Counterparty Risk Assessment (CRA) of B3(cr)
has been placed on review with direction uncertain (from review
for downgrade previously) and its short-term CRA of Not-Prime(cr)
on review for upgrade.  The review reflects the continued
uncertainties in relation to the performance of Banif's senior
operating obligations and other contractual commitments.  In
Moody's view there is a significant possibility that these have
also been assumed by BST in the context of the transfer of the
majority of Banif's assets and liabilities.  Moody's review will
look to establish whether this was indeed the case.

RATINGS RATIONALE

   -- RATIONALE FOR THE AFFIRMATION OF BST'S RATIN

The affirmation of BST's BCA follows Moody's assessment of the
impact on BST's credit profile of the acquisition of EUR11.1
billion of assets and liabilities from Banif for an amount of
EUR150 million.  Despite Banif's very weak financial profile,
Moody's views that BST's significantly stronger financial
fundamentals provide it with sufficient capacity to absorb such
an acquisition without a major deterioration of its credit
profile.

In affirming the BCA, Moody's has taken into consideration the
mitigating effect on BST's asset risk profile (post-acquisition)
of the substantial aid measures (EUR2.255 billion) approved by
the European Commission (EC) and granted to Banif by the
Portuguese government in order to support the sale of its assets
and liabilities.  An additional buffer of around EUR300 million
in the form of a state guarantee has also been approved by the EC
to offset changes in the value of the portion acquired by BST.
Furthermore, Moody's expects that the impact of the transaction
on BST's capital will be at least partly mitigated by the
recently approved EUR300 million capital increase (provided by
BST's parent, Banco Santander S.A. (A3/A3 positive, baa1)) that
will conclude on Dec. 30, 2015.

Moody's also notes that any impact on BST's liquidity and/or
capital position as a consequence of integrating the major
operations of a resolved entity such as Banif, is expected to be
ultimately addressed by its parent in case of need.

Moody's has assessed the impact of BST's acquisition based on
available information.  The rating agency will assess any further
impact on the bank's credit profile that could arise once full
disclosure of the transaction is made available, including any
additional execution risk to the integration of Banif's asset and
liabilities.

BST's Baa3/Prime-3 deposit ratings and its Ba1/Not Prime senior
debt ratings, with a stable outlook, reflect (1) the bank's ba3
BCA; (2) the high probability of support from its parent, Banco
Santander, resulting in a two-notch uplift and an adjusted BCA of
ba1; and (3) the result from the rating agency's advanced loss-
given failure (LGF) analysis after considering the impact of the
transaction, leading to one notch of additional ratings uplift
for the deposit ratings and no further uplift for the debt
ratings.

The outlook on the deposit and senior debt ratings is stable
reflecting BST's resilient credit profile after the anticipated
assumption of the assets and liabilities acquired from Banif,
despite the expected pressure on some of BST's key financial
metrics such as asset risk and capital.

RATIONALE FOR ACTIONS ON BANIF'S RATINGS

The upgrade and withdrawal of Banif's deposit ratings reflects
the fact that these liabilities have been acquired and therefore
fully assumed by BST.

The downgrade of Banif's BCA to ca from caa3 is prompted by the
Bank of Portugal's announcement of the sale of a large part of
Banif's assets and liabilities to BST and the transfer of EUR2.2
billion of the bank's problematic assets to an asset management
vehicle owned by the Portuguese Resolution fund.  According to
the Bank of Portugal, Banif will maintain a very limited set of
assets that will be wound up in the future, as well as the
shareholders' positions, subordinated credit and related
entities.

The rating agency has also downgraded Banif's subordinated debt
rating to C from Ca and affirmed the junior subordinated debt
rating and preferred shares at C(hyb).  In addition to the above
mentioned aid measures granted by the Portuguese government, the
EC has approved a further EUR422 million of public support to
cover the transfer of impaired assets to the asset management
vehicle.  The EC approved these measures in compliance with EU
state aid rules; Banif's shareholders and subordinated debt
holders fully contributed to the cost of resolution reducing the
need for state aid, in line with burden-sharing principles.

Banif's long-term CRA of B3(cr) has been placed on review with
direction uncertain and its short-term CRA of Not-Prime(cr) on
review for upgrade.  The review reflects Moody's assessment that
there is a certain likelihood that Banif's operational
liabilities will be transferred to BST as part of the transaction
with subsequent risk mitigating implications for related
creditors.

WHAT COULD CHANGE THE RATINGS UP/DOWN

Upward pressure on BST's BCA is unlikely, given the expected
pressures on the bank's credit fundamentals following Banif's
transaction.  Upward pressure on the BCA could result once BST
completes the integration and materially improves its key
financial metrics, namely capital and asset risk.

Downward pressure on BST's BCA could develop if the bank's
financial profile deteriorates further than anticipated, as a
result of the Banif deal.

As the bank's debt and deposit ratings are linked to the
standalone BCA, any change to the BCA would likely also affect
these ratings.  Furthermore, BST's deposit and senior debt
ratings could be affected as a result of an upgrade/downgrade of
the standalone BCA of the parent (Banco Santander).

BST's senior unsecured debt and deposit ratings could also change
due to changes in the loss-given failure faced by these
securities.

LIST OF AFFECTED RATINGS

Upgrades:

Issuer: BANIF-Banco Internacional do Funchal, S.A.

  Long-Term Deposit Rating, Upgraded to Baa3 stable from Caa2
  Short-Term Deposit Rating, Upgraded to P-3 from NP

Downgrades:

Issuer: Banif Finance, Limited

  Backed Subordinate Regular Bond/Debenture, Downgraded to C from
   Ca

Issuer: BANIF-Banco Internacional do Funchal, S.A.

  Adjusted Baseline Credit Assessment, Downgraded to ca from caa3
  Baseline Credit Assessment, Downgraded to ca from caa3
  Subordinate Regular Bond/Debenture, Downgraded to C from Ca

Affirmations:

Issuer: Banco Santander Totta S.A.

  Long-Term Deposit Rating, Affirmed Baa3 stable
  Short-Term Deposit Ratings, Affirmed P-3
  Adjusted Baseline Credit Assessment, Affirmed ba1
  Baseline Credit Assessment, Affirmed ba3
  Short-Term Counterparty Risk Assessment, Affirmed P-3(cr)
  Long-Term Counterparty Risk Assessment, Affirmed Baa3(cr)
  Long-Term Senior Unsecured Medium-Term Note Program , Affirmed
   (P)Ba1
  Short-Term Senior Unsecured Medium-Term Note Program, Affirmed
   (P)NP
  Senior Unsecured Regular Bond/Debenture, Affirmed Ba1 stable
  Senior Unsecured Commercial Paper, Affirmed NP

Issuer: Banco Santander Totta S.A., London

  Short-Term Counterparty Risk Assessment, Affirmed P-3(cr)
  Long-Term Counterparty Risk Assessment, Affirmed Baa3(cr)
  Long-Term Senior Unsecured Medium-Term Note Program, Affirmed
   (P)Ba1
  Short-Term Senior Unsecured Medium-Term Note Program, Affirmed
   (P)NP
  Junior Subordinate Medium-Term Note Program, Affirmed (P)Ba3
  Subordinate Medium-Term Note Program, Affirmed (P)Ba2

Issuer: Banif Finance, Limited

  Backed Junior Subordinated Regular Bond/Debenture, Affirmed C
   (hyb)
  Backed Pref. Stock Non-cumulative Preferred Stock , Affirmed
   C (hyb)

Issuer: TOTTA (IRELAND) p.l.c.

  Backed Senior Unsecured Commercial Paper, Affirmed NP

On Review for Upgrade:

Issuer: BANIF-Banco Internacional do Funchal, S.A.

  Short-Term Counterparty Risk Assessment, Placed on Review for
   Upgrade, currently NP(cr)

On Review Direction Uncertain:

Issuer: BANIF-Banco Internacional do Funchal, S.A.

  Long-Term Counterparty Risk Assessment, Placed on Review
   Direction Uncertain, currently B3(cr)

Outlook Actions:

Issuer: Banco Santander Totta S.A.
  Outlook, Remains Stable

Issuer: Banif Finance, Limited
  Outlook, Changed To No Outlook From Rating Under Review

Issuer: BANIF-Banco Internacional do Funchal, S.A.

  Outlook, Changed To Stable From Rating Under Review



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


FIRST CZECH RUSSIAN: Moody's Withdraws Caa1 Deposit Ratings
-----------------------------------------------------------
Moody's Investors Service has withdrawn the Caa1/Not-Prime local
and foreign-currency deposit ratings, caa1 baseline credit
assessment (BCA)/Adjusted BCA and the B3(cr)/Not-Prime(cr)
Counterparty Risk Assessments of First Czech Russian Bank (FCRB),
based in Russia (Ba1 stable).  At the time of the withdrawal, the
bank's long-term deposit ratings carried a negative outlook.

Headquartered in Moscow, Russia, FCRB reported total assets of
RUB37.9 billion ($682 million) and total equity of RUB3.0 billion
($53.9 million) under unaudited IFRS as of July 1, 2015.


FIRST CZECH RUSSIAN: Moody's Withdraws Ba3.ru Natl. Scale Rating
----------------------------------------------------------------
Moody's Interfax Rating Agency has withdrawn the Ba3.ru national
scale rating (NSR) of First Czech Russian Bank.

RATINGS RATIONALE

Moody's has withdrawn the rating for its own business reasons.

Headquartered in Moscow, Russia, FCRB reported total assets of
RUB37.9 billion ($682 million) and total equity of RUB3.0 billion
($53.9 million) under unaudited IFRS as of July 1, 2015.


KOKS JSC: Moody's Puts 'B2' CFR on Review for Downgrade
-------------------------------------------------------
Moody's Investors Service placed on review for downgrade the B2
corporate family rating and B2-PD probability of default rating
of JSC KOKS, and the B3 (LGD 4) senior unsecured rating assigned
to loan participation notes issued by KOKS Finance Limited to
finance loans to KOKS.

RATINGS RATIONALE

The rating action reflects heightened refinancing risk related to
KOKS's significant short-term debt maturities, resulting from the
company's aggressive liquidity management amid the weakening
market environment for pig iron and coke, which are the company's
key products.

As of Sept. 30, 2015, KOKS's liquidity comprised RUB489 million
in cash and equivalents, RUB9.6 billion in available committed
credit facilities maturing beyond the following 12 months, and
around RUB3 billion in operating cash flow, which Moody's expects
the company to generate over the same period.

This liquidity was insufficient to cover the company's short-term
debt maturities of more than RUB34 billion (including the $199
million (RUB13.2 billion) Eurobond due June 2016) and capex of
around RUB3.4 billion over the following 12 months.  Moody's
estimates the current liquidity gap for the next 12 months to be
around RUB26 billion.

Moody's understands that KOKS is negotiating several new credit
facilities with both domestic and foreign banks, which, if signed
in a timely fashion, would address the liquidity shortage and
allow for short-term debt maturities to be met on time.  However,
as of now, no legally binding documents are signed.

As a result, this review for downgrade will focus on KOKS's
ability to procure the necessary funding and improve its
liquidity to meet its debt maturities in the coming 12 months.

Apart from liquidity issues, Moody's views the company's
operating and financial performance as commensurate with its B2
rating.  The rating agency expects that despite the weak market
environment for pig iron and coke, the company will be able to
maintain its Moody's-adjusted debt/EBITDA below 3.5x, solid
margins and continue generating positive free cash flow, owing to
its low-cost position, improved product mix, reduced capex and
conservative dividend policy.

The rating takes into account the company's (1) low-cost position
owing to material rouble depreciation and operational
enhancements; (2) robust financial metrics and positive free cash
flow generation; (3) significant degree of vertical integration,
with a 39% and 66% self-sufficiency in coking coal and iron ore,
respectively; (4) diversified global customer base; and (5) large
coking coal and iron ore reserves.

KOKS's B2 rating also continues to factor in the company's (1)
small size and limited operational and geographic
diversification; (2) debt-financed expansionary capex program,
although substantially reduced during 2015; and (3) low product
diversification.

WHAT COULD CHANGE RATINGS UP/DOWN

Moody's would stabilize the outlook on the ratings subject to
KOKS promptly addressing its liquidity shortage and refinancing
risk over the next few months.  KOKS's upgrade potential is
limited as a result of the company's sensitivity to volatile
commodity prices, which are currently low, and aggressive
liquidity management.  Positive pressure could be exerted on the
rating if KOKS's Moody's-adjusted debt/EBITDA remains below 3.0x
on a sustainable basis, with improving debt maturity profile,
liquidity and liquidity management.

The rating could be downgraded if KOKS fails to materially
improve its liquidity over the next few months, elevating a
default risk on its short-term debt obligations.  Downward
pressure could also be exerted on the rating as a result of an
unanticipated significant increase in leverage or a sharp
contraction in global demand or prices for pig iron and coke.

PRINCIPAL METHODOLOGY

The principal methodology used in these ratings was Global Steel
Industry published in October 2012.

KOKS is a small Russia-based producer of coking coal, coke, iron
ore and pig iron.  In 2014, the company produced 1.75 million
tonnes of coking coal, 2.6 million tonnes of coke, 2.18 million
tonnes of iron ore concentrate and 2.18 million tonnes of pig
iron.  In the last 12 months to June 30, 2015, the company
generated revenues of RUB55.2 billion (2014: RUB47.2 billion) and
Moody's-adjusted EBITDA of RUB16.4 billion (2014: RUB12.5
billion).  KOKS is majority-owned by the Zubitsky family, which
holds an 86% stake in the company.


RUSPOLYMET JSC: Fitch Assigns 'B-' LT Issuer Default Rating
-----------------------------------------------------------
Fitch Ratings has assigned JSC Ruspolymet a Long-term Issuer
Default Rating (IDR) of 'B-'. Fitch has also assigned a
'BB+(rus)' National Long-term rating and an expected senior
unsecured rating of 'B-(EXP)'/RR4 to the company's upcoming RUB3
billion rouble bond issue. The Outlook for the Long-term ratings
is Positive.

The ratings reflect Ruspolymet's small scale, low operational and
end-market diversification versus other Fitch-rated steel
companies. The ratings also reflect the company's position as
Russia's leading producer of specialty steel ring blanks used in
the aviation, machinery, nuclear and oil industries. The company
controls 30%-70% of Russian alloyed steel rings market. Being a
supplier to leading Russian manufacturers of engines for military
and civil aircraft, Ruspolymet meets the high quality
requirements for steel products used in aviation as evidenced by
the quality certificates obtained by the company.

"Profitability has recently improved as the company replaced
purchases of steel from third party suppliers with its own
production. Higher margins and moderate capital spending are
expected to help funds from operations (FFO) adjusted gross
leverage (leverage) reduce to 3.4x by end-2015 from 4.8x at end-
2014. We expect the placement of RUB3 billion bonds and
utilization of the new RUB3bn VTB loan to substitute the
company's short-term bank loans, considerably improving the
company's liquidity position. The Positive Outlook reflects our
expectation that the company will successfully expand sales in
markets other than aerospace and improve its liquidity position,"
Fitch said.

KEY RATING DRIVERS

Small but Established Niche Producer

Ruspolymet is a Russia-based integrated steel rings producer. It
is small on a global scale with around 40 thousand tonnes (kt) of
annual steel products capacity against the 1.6 billion tonnes of
global steel output. However, it is an established player in
Russian steel rings, which are a value-added sub-segment of the
steel market representing less than 3% of global steel
production.

The group's single site operations in European Russia produce
specialty steel products and account for over 80% of the group's
turnover and EBITDA. Other group activities include low-margin
carbon steel scrap collection, manufacturing industrial knives
and other industrial steel products.

Weak but Improving Liquidity

Fitch views the liquidity position of Ruspolymet as weak as its
short-term debt has remained above RUB3 billion (60%-70% of total
debt) throughout most of 2H15. The expected refinancing of some
short-term debt with new three-year credit facilities and the new
RUB3 billion eight-year VTB facility will improve liquidity in
2016.

A successful placement of the RUB3 billion rouble bonds, allowing
the company to refinance more expensive short-term debt, should
result in a further improvement of liquidity. If the bonds are
not placed, and given the company's low cash cushion, undrawn
credit lines and neutral FCF, this would leave liquidity limited
until 2017 when Ruspolymet would have utilized most of the VTB
loan to replace more expensive short-term loans.

Segment Concentration

Ruspolymet's high dependence of the company on a particular
industry segment is a constraint on the operational profile.
Revenue from the aviation segment accounted for 63% of total
sales in 2014 and grew to almost 70% in 1H15. This part of the
business has remained relatively strong, and its share has grown
marginally since 2011 as a result of increased military spending
by the Russian State in recent years.

The deteriorating Russian economy has had limited immediate
impact on Ruspolymet's aviation segment as military spending has
remained stable. However, sustained budgetary pressure could
translate into military spending cuts and weaker performance in
the aviation sector. "We expect Ruspolymet to diversify its sales
towards forgings and ingots, which will have broader applications
by 2017, helped with a new Danieli forging mill to be
commissioned in early 2016."

Strong Market Position

The CIS aviation specialty steel market totals RUB40 billion. The
market is competitive but is controlled by nine main producers
most of which have high concentration in a particular type of
alloyed steel. Ruspolymet's market share is 70% in heat-proof
nickel alloyed steel rings and 10% in titanium and aluminium
alloyed steel rings. Ruspolymet is the only Russian company
present in aviation steel products with all main alloy
components: aluminium, nickel, titanium and chromium. It sells
ring blanks and disks to all major engine producers in Russia and
Ukraine. It also supplies ring blanks to global jet engine
producers as Honeywell and Pratt & Whitney Canada, although those
sales accounted for only 2.5% of 2014 total sales.

CapEx to Peak in 2016

Since 2009, Ruspolymet has been executing an extensive
modernisation program to upgrade production facilities with new
equipment supplied by leading international producers. In
particular, the company launched a new 19kt capacity ring rolling
mill in 2010, a Danieli 35kt capacity electric arc furnace in
2011, a Danieli 15kt capacity forging machine in 2012, and a
number of refining melting furnaces in 2015. These new facilities
allow the company to be self-sufficient in steel production and
increase capacity in forged rolled steel, which will contribute
to sales starting from 2016.

The company's capex will peak in 2016 at RUB1.5 billion, driven
by the ongoing modernization program as well as recently approved
new RUB3 billion debt funding for the project to produce rolls
for steel rolling mills that are widely used by Russian steel
majors and mini-mills. The company has secured RUB3 billion
funding from VTB bank fully guaranteed by the Russian State, and
plans to utilize it during 2016-2018.

Profitability Improvement

Ruspolymet's average EBITDA margin during 2011-2014 amounted to
11%, which is adequate for a small-scale steel producer with no
vertical integration. 1H15 IFRS and 9M15 Russian accounting
standards results showed a material improvement in the EBITDA
margin to 24%, as a result of production ramp-up of own steel-
making in replacement of purchases from third-party steel
producers.

"We expect Ruspolymet to be able to sustain EBITDAR margins at a
higher 18%-20% level over the next three years given its ability
to pass on its nickel-related and FX-related costs for its
specialty steel product cost to its customers. This is based on
the assumption that volume risk will be limited over the next
three years."

Leverage to Moderate after 2016

Fitch expects the company's leverage to decline to 3.4x in 2015-
2016 from 4.8x in 2014. "We expect further deleveraging towards
3x in 2017, due to growing scale, improving margins and
moderating capex to below RUB1 billion. We assume no dividends
during the 2016-2018 forecast period, which coupled with post-
2016 capex reduction, will translate into positive free cash flow
(FCF) and reduced total debt," Fitch said.

KEY ASSUMPTIONS

Fitch's key assumptions for the issuer rating case are as
follows:

-- 9% sales drop in 2015 due to aviation rings sales reduction,
    followed by 11% sales recovery in 2016 as rolled steel sales
    double;

-- EBITDA margin rebased at 18%-20% level starting from 2015 due
    to new equipment being commissioned in 2015 and 1Q16;

-- Capex to moderate to RUB0.5 billion in 2017 as the high
    investment cycle completes, no dividends over the next two to
    three years;

-- Leverage to reduce to 3.1x in 2016 (2015E: 3.5x) on sales and
    EBITDAR growth, and to below 3x in 2017 on positive FCF.

RATING SENSITIVITIES

Positive: Future developments that may, individually or
collectively, lead to positive rating action include:

-- Revenue diversification and increasing revenue share of new
    markets in line with management's expectations;

-- Deleveraging with leverage moving to below 3x;

-- Improving liquidity position with liquidity ratio sustained
    above 1.0x (2014: below 0.1x)

Negative: Future developments that may, individually or
collectively, lead to negative rating action include:

-- Further liquidity pressure with liquidity ratio sustained
    below 1.0x or leverage materially exceeding 4x;

-- EBIT margin falling below 3%.


URAL FEDERAL: Fitch Affirms 'B' Short-Term Foreign Currency IDR
---------------------------------------------------------------
Fitch Ratings has affirmed the Russian Ural Federal University
(UrFU) Long-term foreign and local currency Issuer Default
Ratings (IDRs) at 'BB', a National Long-term rating at 'AA-(rus)'
and a Short-term foreign currency IDR at 'B'. The Outlooks on the
Long-term ratings are Negative, reflecting that on the sovereign
(Russian Federation; BBB-/Negative).

The affirmation reflects UrFU's unchanged legal status, which
implies a strong link with its sponsor (Russian Federation), and
continuously strong reliance on public funding.

KEY RATING DRIVERS

Fitch has classified UrFU as a credit-linked public-sector entity
under its public-sector criteria. The two-notch difference
between UrFU and its sponsor is a result of the university's
moderate integration into the federal budget and the fact that
the higher education is a discretionary responsibility of the
federal government. Thus, Fitch considers strategic importance a
moderately supportive factor for UrFU.

UrFU was created through the decree of the federal government,
and is one of the 10 federal universities in Russia. UrFU is
located in the City of Ekaterinburg, the capital of Sverdlovsk
region, which is part of the Ural federal district.

UrFU's legal status of state-owned autonomous establishment
implies strong control from the federal government. The latter
controls UrFU's activity and property management and closely
monitors the use of public funding. The state also approves all
large-scale transactions -- all purchases for cash and all
borrowing over 10% of the total assets' book value -- through a
supervisory board.

Fitch expects the proportion of public funding will remain sound
and stable over the medium term, accounting for around 60% of
university's operating revenue. UrFU strongly relies on public
funding, and its financial performance is largely supported by
state grants. In 2014, public funding accounted for more than 60%
of UrFU's operating revenue supporting the improvement of its
operating balance. Overall, UrFU is a non-for-profit organization
and aims at breakeven.

The majority of current grants from the state (around 70%) is
earmarked for education service delivery. The remainder is used
to finance research activity and social events. The bulk of
UrFU's investment needs are financed through state grants as
well. UrFU continues to develop its own revenue base, which
mostly comprises tuition fees and income from research activity.

According to Fitch's base case scenario, UrFU will not incur debt
financing over the medium term maintaining its debt-free status.
As of end-2015, UrFU was totally free from any type financial
debt. The only RUB38 million quasi-debt obligation was settled in
2015 in accordance with local regulation.

RATING SENSITIVITIES

A downgrade of the sovereign's ratings would lead to UrFU's
downgrade. Weakening links with the sponsor visible primarily in
material rise of commercial debt not guaranteed by the government
or decline of state support as a result of legal status change,
which is unlikely, could also lead to a downgrade.


VNESHPROMBANK: S&P Lowers Counterparty Credit Ratings to 'R/R'
--------------------------------------------------------------
Standard & Poor's Ratings Services said that it had lowered its
long- and short-term counterparty credit ratings on Russia-based
Foreign Economic Industrial Bank (Vneshprombank) to 'R/R' from
'B+/B'.  S&P also lowered its Russia national scale rating to 'R'
from 'ruA'.

At the same time, S&P lowered the ratings on the bank's senior
unsecured debt to 'CC' from 'B+', and placed them on CreditWatch
with negative implications.

The downgrade reflects the regulatory risk related to the CBR's
intervention and introduction of temporary administration for
Vneshprombank for the next six months.  S&P understands that the
CBR has also suspended the authority of the bank's shareholders
and managers.  S&P considers this evidence that Vneshprombank is
under financial stress and will face difficulties meeting its
financial obligations.

"In our opinion under such a scenario, the Russian regulators
(the CBR or the Deposit Insurance Agency [DIA]) would likely
execute the power to favor one class of the bank's obligations
over others or suspend payment of the bank's outstanding
liabilities.  This is in line with our definition of the 'R'
(under regulatory supervision) rating category.  In this sense,
although the CBR didn't announce a moratorium on payments to
creditors, we downgraded the bank's outstanding senior unsecured
debt to 'CC', because we consider that default is a virtual
certainty in the near term.  Any further rating actions on
Vneshprombank will depend largely on the future decisions of the
CBR, and our opinion of the bank's business and financial
prospects once this information is made available," S&P said.

In S&P's opinion, based on similar situations in Russia, the
outcome of the placement could be:

   -- A total or partial sale to a strategic investor that is
      willing to take over the bank;

   -- A potential bail-in by the bank's creditors;

   -- Transfer of the bank for long-term management under the
      DIA's rehabilitation plan; and

   -- Run-off of the bank's operations if it appears that its
      business model is not viable.

At this stage, it is not clear how the placement under temporary
administration will be resolved.  S&P will continue to monitor
the CBR's actions with regard to Vneshprombank.  Resolution of
the CreditWatch status on the debt ratings is also subject to the
CBR's decisions.

Vneshprombank is a midsize Russian bank with total assets of
about RUB280 billion (about equivalent to US$4.2 billion) as of
Dec. 1, 2015.  The bank is owned by 19 entities and individuals.



===========
S E R B I A
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SRPSKA FABRIKA: Court Rejects Novoplast's Bankruptcy Petition
-------------------------------------------------------------
SeeNews reports that the petition filed by Belgrade-based company
Novoplast with a court in the central town of Kragujvac for the
initiation of bankruptcy proceedings against Srpska Fabrika
Stakla (SFS) has been rejected because the indebted company is
still liquid.

The court ruled against Novoplast's petition, saying that SFS's
bank accounts have not been blocked for longer than 30-days and,
at this point, the company is liquid, SeeNews relays, citing news
broadcaster RTS.

In November, local media reported Novoplast filed a petition for
the initiation of bankruptcy proceedings against the glass maker
over claims exceeding EUR1 million (US$1.09 million), SeeNews
relates.

According to SeeNews, RTS said SFS earlier settled a debt towards
the Belgrade-based company in the amount of 112 million dinars
(US$998,760/EUR916,060) for capital works on water supply
facilities, but the incurred interest remains at the center of
dispute.

Srpska Fabrika Stakla is a Serbian glass maker.


===========
S W E D E N
===========


SSAB AB: S&P Puts 'BB-' CCR on CreditWatch Negative
---------------------------------------------------
Standard & Poor's Ratings Services placed its 'BB-' long-term
corporate credit rating on Swedish steelmaker SSAB AB on
CreditWatch with negative implications and affirmed the 'B'
short-term rating.  S&P also placed on CreditWatch negative its
'BB-' issue ratings on SSAB's senior unsecured debt.  The '3'
recovery rating on this debt is unchanged, indicating S&P's
expectation of meaningful recovery, in the lower half of the 50%-
70% range, in the event of a payment default.

The CreditWatch placement follows the company's profit warning
for the fourth quarter of 2015 of less than Swedish krona (SEK)
250 million (about EUR27 million) EBITDA.  S&P understands that
Chinese, Russian, and Korean exports into Europe and the U.S. are
putting significant downward pressure on prices and that key
buyers have adopted a wait-and-see approach in view of rapidly
falling iron ore prices.

"Consequently, our adjusted EBITDA projection for 2015 may stand
at about SEK4 billion (about EUR0.43 billion), falling markedly
short of our previous expectation of about SEK6 billion.
Although the company expects to see better results in the first
quarter of 2016, we think the extent of market improvements
remain unclear. Furthermore, the prolonged downturn in the global
steel markets has created hurdles for SSAB in meeting the rating
threshold of funds from operations (FFO) to debt of about 15% in
2016.  We expect that the company's FFO to debt will likely be a
mere 12% for 2015 (corresponding to debt to EBITDA above 6x).
Still, we anticipate benefits of more than SEK1 billion year on
year in 2016 thanks to synergies from the merger with Finnish
steelmaker Rautaruukki Oyj (Ruukki) and from other cost
efficiency measures," S&P said.

SSAB's credit metrics are currently weak for S&P's aggressive
financial risk category.  S&P acknowledges that the company has
generated positive discretionary cash flow over the past three
years.  Also, shareholders have been supportive of lower dividend
payments in times of weak cash generation, and S&P revised SSAB's
liquidity to strong from adequate following the extension of the
company's debt maturities.

SSAB operates in the highly cyclical steel industry, with end
markets such as heavy transportation, construction, machinery,
and mining.  Volumes typically move in line with GDP over the
long term, and can be volatile in the short term.

SSAB's strong market position in special-grade steel products is
a key strength of its business risk profile.  For example, SSAB
has a global market share of about 40% in quenched and tempered,
along with about 5% in some advanced high strength steels, and
20%-25% market share in heavy plates in North and South America,
according to company estimates.  Also, following the merger with
Ruukki, SSAB has a 40%-50% share in the flat carbon steels and
tubes market in the Nordic region.

In S&P's opinion, key challenges for SSAB are the risk of new
specialty-grade steel capacity from competitors and the pace of
take-up of special-grade steel products by equipment
manufacturers.

"The CreditWatch reflects the risk of a one-notch downgrade if we
observe that SSAB is unlikely to achieve FFO to debt of about 15%
in 2016, the threshold for our 'BB-' rating.  We believe volumes
are key to SSAB's performance, and we will closely monitor market
conditions -- including any upside from recently announced price
increases -- and order intake over the coming quarters.  Once we
can evaluate the extent of EBITDA recovery in the first quarter
of 2016, we aim to resolve the CreditWatch, most likely in the
second quarter of 2016.  Rating downside could, however, also
stem from a reassessment of SSAB's business risk profile, given
the protracted depressed steel market conditions globally and
SSAB's highly volatile and difficult-to-predict earnings," S&P
said.



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


BANK FINANCE: Moody's Lowers Long-Term Deposit Ratings to C
-----------------------------------------------------------
Moody's Investors Service has downgraded Bank Finance and Credit
JSC's long-term local- and foreign-currency deposit ratings to C
from Ca, the bank's baseline credit assessment (BCA) and adjusted
BCA to c from ca and its National Scale deposit Rating to C.ua
from Ca.ua.  The rating agency also affirmed the bank's Not-Prime
short-term local and foreign currency deposit ratings.

Moody's also downgraded the bank's long-term Counterparty Risk
Assessment (CR Assessment) to C(cr) from Caa3(cr) and affirmed
the bank's short-term CR Assessment of Not-Prime(cr).

Moody's will withdraw all the bank's ratings following the
withdrawal of its banking license by the National Bank of Ukraine
(NBU).

RATINGS RATIONALE

The rating action and subsequent rating withdrawals follow the
NBU's announcement on Dec. 18, 2015, that it had revoked Bank
Finance and Credit banking license in connection with the
entity's violation of the banking license requirements, its
insolvency and inability to improve its liquidity profile.

The downgrade of Bank Finance and Credit's deposit ratings to C
reflects Moody's expectation that as a result of liquidation,
uninsured depositors are likely to suffer losses larger than
would be commensurate with the Ca rating range.

Moody's notes that on Sept. 17, 2015, the NBU declared Bank
Finance and Credit insolvent and placed it under temporary
administration of the Deposit Guarantee Fund.

According to Moody's, Bank Finance and Credit had no rated debt
outstanding at the time of the rating withdrawal, and customer
deposits represented the main source of the bank's non-equity
funding.

Moody's National Scale Credit Ratings (NSRs) are intended as
relative measures of creditworthiness among debt issues and
issuers within a country, enabling market participants to better
differentiate relative risks.  NSRs differ from Moody's global
scale credit ratings in that they are not globally comparable
with the full universe of Moody's rated entities, but only with
NSRs for other rated debt issues and issuers within the same
country. NSRs are designated by a ".nn" country modifier
signifying the relevant country, as in ".za" for South Africa.

Domiciled in Ukraine, Bank Finance and Credit JSC reported total
assets of UAH28.0 billion as of Oct. 1, 2015, (in accordance with
unaudited local GAAP financials).


KYIV CITY: Moody's Affirms Ca Ratings & Changes Outlook to Stable
-------------------------------------=---------------------------
Moody's Investors Service has changed to stable from negative the
outlook on the City of Kyiv's foreign- and local-currency
ratings. At the same time, it has affirmed the city's Ca ratings.

The main drivers of the City of Kyiv's outlook change are the
substantial progress in negotiations with creditors to
restructure its foreign-currency debt as well as the decrease in
systemic risk, given the Ukrainian government's improved credit
profile, as reflected by Moody's recent upgrade of the
sovereign's government bond rating to Caa3 stable from Ca
negative.

Moody's notes that it will automatically withdraw the Ca rating
of the City of Kyiv's USD300 million Eurobond after the
restructuring is completed (expected by the end of 2015) and the
bond ceases to exist.

RATINGS RATIONALE

The affirmation with the outlook change primarily reflects
reduced downside pressure on the ratings given 1) Moody's
expectation that the losses to creditors are unlikely to exceed
those incorporated in the current Ca rating, especially after the
substantial progress in negotiations with creditors about the
city's foreign-currency debt restructuring; and 2) decrease in
systemic pressure.

Under Moody's definitions, the Ca rating is consistent with
losses up to 65%.

In December 2015, the City of Kyiv agreed with its creditors to
restructure its USD300 million bond maturing in 2016 and
approximately 60% of its USD250 million bond which is in default
since November 2015.  In total, around half of Kyiv's direct debt
is being restructured.  The restructuring terms envisage the
conversion of the bonds into sovereign debt with a 25% haircut to
be applied to the principal, a four-year extension of maturity,
and a reduced interest rate of 7.75%.  These developments will
significantly relieve the City's refinancing pressure: Moody's
estimates that the restructuring will reduce the nominal value of
the direct debt by approximately 13% while the short-term debt
will decline by more than 2.5 times.

The decrease in systemic pressure, as reflected in the
improvement in Ukraine's credit profile, also has direct
implications for the ratings of the City of Kyiv given its
institutional, financial and macroeconomic linkages with the
central government.  Such linkages are reflected in the fact that
the Ukrainian government exerts wide control over the Ukrainian
cities' finances, which are exposed to possible reductions in
state funding, and the withdrawal of liquidity from municipal
treasury accounts as has occurred in the past.

The macroeconomic linkages between the central government and
Kyiv are explained by the exposure of the city's tax revenues to
domestic economic conditions.  Personal income tax, which is
exposed to business cycles, accounts for the majority of the
city's tax revenues.

The refinancing of all foreign-currency-denominated bonds would
significantly ease pressure on the city's finances, however
Moody's notes that risks remain, as short-term debt (local-
currency bonds due in 2016) will still account for around 18% of
2014 operating revenues.

WHAT COULD CHANGE THE RATINGS UP/DOWN

The successful restructuring of all of the city's foreign-
currency-denominated debt, which significantly eases Kyiv's
refinancing pressure, is likely to result in a rating upgrade for
its issuer and debt ratings.  Downward pressure could be exerted
on Kyiv's ratings if losses to the creditors exceed those
commensurate with a Ca range.  A weakening of the sovereign
credit profile, as captured by a sharp downgrade of the sovereign
rating could also exert negative rating pressure.

Progress in Kyiv's debt restructuring and the sovereign action
required the publication of this credit rating action on a date
that deviates from the previously scheduled release date in the
sovereign release calendar.

The specific economic indicators, as required by EU regulation,
are not available for Kyiv, City of.

This national economic indicators are relevant to the sovereign
rating, which was used as an input to this credit rating action.

Sovereign Issuer: Ukraine, Government of

  GDP per capita (PPP basis, US$): 8,681 (2014 Actual) (also
   known as Per Capita Income)

  Real GDP growth (% change): -6.8% (2014 Actual) (also known as
   GDP Growth)

  Inflation Rate (CPI, % change Dec/Dec): 24.9% (2014 Actual)

  Gen. Gov. Financial Balance/GDP: -4.5% (2014 Actual) (also
   known as Fiscal Balance)

  Current Account Balance/GDP: -4% (2014 Actual) (also known as
   External Balance)

  External debt/GDP: 95.8% (2014 Actual)

  Level of economic development: Very Low level of economic
   resilience

  Default history: At least one default event (on bonds and/or
   loans) has been recorded since 1983.

On Dec. 21, 2015, a rating committee was called to discuss the
rating of the Kyiv, City of.  The main points raised during the
discussion were: The systemic risk in which the issuer operates
has materially decreased.  Recent developments of debt
restructuring process lowered the downside pressure on the
ratings.

The principal methodology used in these ratings was Regional and
Local Governments published in January 2013.

The weighting of all rating factors is described in the
methodology used in this credit rating action, if applicable.


RD BANK: Liquidation Procedure Extended Until January 2017
----------------------------------------------------------
Interfax-Ukraine reports that the Individuals' Deposit Guarantee
Fund said on its website it has prolonged the terms of the
liquidation procedure for RD Bank for one year -- until
January 8, 2017.

According to Interfax-Ukraine, liquidation powers were delegated
to Artem Krachentsev until January 8, 2017.

In January 2013, the National Bank of Ukraine decided to
liquidate RD Bank, Interfax-Ukraine relates.

RD Bank is based in Kyiv.  As of July 1, 2012 the bank ranked
64th among the 176 operating banks in Ukraine in terms of overall
assets with UAH2.566 billion, according to NBU.


UKRINBANK: Declared Insolvent by National Bank of Ukraine
---------------------------------------------------------
Interfax-Ukraine reports that the National Bank of Ukraine has
declared Ukrinbank insolvent.

The decision is outlined in NBU resolution No. 934 of
December 24, 2015, Interfax-Ukraine discloses.

The NBU explained that operation of Ukrinbank was not in line
with the requirements of banking laws and the central bank's
acts, its indicators and financial state has worsened and the
bank did not fulfill the plans to improve its financial state.
Interfax-Ukraine relates.

According to Interfax-Ukraine, the NBU said that on October 1,
2015, the central bank decided to place Ukrinbank to the category
of troubled banks as the bank failed to observe instant liquidity
requirement in September.

Ukrinbank registered a loan contract in the NBU to raise funds
from a nonresident investor, although the money did not arrive,
Interfax-Ukraine states.

Despite of stirring up work on returning debts, including bad
debts, and searching for investors, the bank failed to stop
outflow of funds and stabilize its liquidity, Interfax-Ukraine
relays.

Ukrinbank was founded in 1989.  It ranked 27th among 123
operating banks in the country on October 1, 2015 by total assets
(UAH5.832 billion), according to the NBU.



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


CNH INDUSTRIAL: S&P Affirms 'BB+' CCR, Outlook Stable
-----------------------------------------------------
Standard & Poor's Ratings Services said that it affirmed its
corporate credit rating on London-based CNH Industrial N.V. and
its captive finance subsidiary Racine, Wis.-based CNH Industrial
Capital LLC, including the 'BB+' long-term corporate credit
ratings and 'B' short-term ratings.  The outlook is stable.

The affirmation reflects S&P's view that CNH's financial risk
profile remains "significant" under the new criteria.  S&P now
analyzes the financial risk of the industrial company using
deconsolidated financial statements.

"We expect CNH Industrial N.V. to maintain credit measures
consistent with a 'significant' financial risk profile, as
defined in our criteria, including debt-to-EBITDA leverage at or
below 4x," said Standard & Poor's credit analyst Sarah Wyeth.
"We expect weakening demand for agricultural equipment to be
modestly offset by improving operating performance in CNH's truck
and construction equipment segments."

S&P could lower the rating if the company's end markets,
especially the agricultural equipment market, weaken more than
expected.  This could pressure margins more and, in turn, result
in weaker cash generation, causing credit measures to deteriorate
such that debt to EBITDA is more than 4x for an extended period.

S&P could raise the rating if CNH reports sustainable improvement
in its operating performance, including margins in its truck and
construction businesses and higher free cash flow generation.
Alternatively, S&P could raise the rating if the company adheres
to disciplined financial policies such that S&P expects debt to
EBITDA to improve to well below 2x under good market conditions
to allow for cushion in cyclical downturns.


CONSOLIDATED MINERALS: Moody's Cuts Corp Family Rating to Caa1
--------------------------------------------------------------
Moody's Investors Service downgraded by one notch the corporate
family rating (CFR) and the probability of default rating (PDR)
of Consolidated Minerals Limited (Consmin) to Caa1 from B3 and to
Caa1-PD from B3-PD, respectively. Concurrently, the rating agency
has downgraded the ratings on the senior secured notes issued by
Consmin due in 2020 to Caa1 from B3. The outlook on all ratings
is negative.

"Our downgrade reflects the knock on impact on Consmin of a
significantly reduced FOB manganese price of $2.42/dmtu in Q3-
2015 from $3.83/dmtu in Q3-2014 and that its EBIT generation no
longer covers its interest expense", said Douglas Rowlings,
Moody's Analyst and local market analyst for Consmin.

"The negative outlook on the ratings factors our view that the
manganese price could weaken further in 2016 and is unlikely to
recover significantly from current levels. Furthermore the
outlook consider that unless there are initiatives to materially
improve Consmin's liquidity profile, it could face challenges in
meeting its interest payments in late 2016 as liquidity is
gradually eroded", Mr. Rowlings added.

RATINGS RATIONALE

Moody's expects that a weak or potential further weakening
manganese price will continue to weigh on Consmin's liquidity
profile, placing the company under pressure to meet its ongoing
interest payments on its bonds due 2020. Failing any material
form of intervention to improve liquidity, headroom will continue
to erode until such time that the company runs out of cash
resources, which is expected in the second half of 2016.

The rating agency sees limited scope at this point for a material
improvement in the manganese price environment. This is
predicated by limited observed reductions to production supply to
date and that this is likely to continue for some time. Consmin's
Australian Woodie Woodie mine is also seen to have higher costs
than many larger producing manganese mines and therefore will
come under pressure first before other mines. The rating also
reflects the fact that EBIT generation has been below that of
Consmin's interest expense for the year to date.

RATIONALE FOR THE NEGATIVE OUTLOOK

The negative outlook factors in the near-term challenges that
Consmin's liquidity profile will continue to face in the
prevailing weak manganese price environment and whether the
company will be able to introduce any form of corrective measures
to prevent a potential default occurring on interest payments in
the second half of 2016.

WHAT COULD CHANGE THE RATING -- UP/DOWN

Consmin's rating could be downgraded further should it become
apparent that the company will no longer be able to prospectively
meet its interest payments as and when they become due over the
next 18 months. This will be informed by a recovery analysis and
subsequent alignment of the rating to factor a potential default
or capital restructuring event.

An upgrade at this point is unlikely given the challenges that
the company will continue to face in the prevailing weak
manganese price environment which will constrain its liquidity
profile.

The principal methodology used in these ratings was Global Mining
Industry published in August 2014.

The Local Market analyst for this rating is Douglas Rowlings,
971-4-237-9543.

Consmin headquartered in Jersey, is a leading producer of
manganese ore. Mining operations are carried out from Australia
(Woodie Woodie mine) and from Ghana (Nsuta mine). Consmin was
formed through the acquisition of Consolidated Minerals Pty
Limited in 2007/08 for a total consideration of USD1.1 billion
and subsequently combined with Ghana International Manganese
Corporation. Consmin is ultimately wholly owned by Gennady
Bogolyubov, a Ukrainian citizen. For the last twelve months ended
30 September 2015, Consmin reported sales of USD321 million and
Moody's adjusted EBITDA of USD55 million.


GLOBAL CLOSURE: S&P Puts 'B' CCR on CreditWatch Positive
--------------------------------------------------------
Standard & Poor's Ratings Services said that it has placed its
'B' long-term corporate credit rating on Financiere Daunou 5
S.a.r.l. and its debt-issuing subsidiary GCS Holdco Finance I
S.A. (together referred to as Global Closure Systems or GCS) on
CreditWatch with positive implications.

At the same time, S&P placed its 'B' issue rating on GCS' EUR350
million senior unsecured notes due 2018 on CreditWatch with
positive implications.

The CreditWatch placement follows the announcement by RPC Group,
a leading U.K.-based plastic products design and engineering
company specializing in polymer conversion, that it intends to
acquire GCS from its current owner, private equity firm PAI
Partners.  RPC and PAI are about to sign a sale and purchase
agreement, but the transaction will have to pass certain
regulatory checks before it is completed.  RPC expects the
transaction to close in the first quarter of 2016.

Based on S&P's preliminary assessment of RPC's credit quality,
S&P believes that the consolidation of GCS within the larger and
less-leveraged RPC Group would be likely to improve GCS'
creditworthiness.  For the financial year ending March 31, 2015,
RPC Group reported net debt to EBITDA of 3.5x (before Standard &
Poor's adjustments), compared with GCS' unadjusted reported net
debt to EBITDA of around 8x for the financial year ending
December 2014.

Before the transaction closes, S&P expects to meet with the GCS
and RPC management teams and to assess the enlarged RPC Group's
creditworthiness, including its capital structure, and the level
of GCS' integration within the group.

The ratings on GCS reflect S&P's view of the group's financial
risk profile as highly leveraged and business risk profile as
fair.  S&P bases its business risk assessment on the group's good
competitive position in the niche and fragmented plastic closures
markets.  The group is concentrated in Western Europe where
economic recovery, though gaining momentum, will likely remain
somewhat subdued throughout 2016.  This is mitigated by the
fairly robust demand for GCS' products, given the essential
nature of most of the group's end-markets: food, beverages, and
pharmaceuticals.  Further support for the ratings stems from
resin-cost pass-through clauses in about 85% of its contracts,
the contracts' moderately long-term nature, and ongoing cost-
saving initiatives.  However, like other packaging companies, the
group is exposed to high energy costs that are difficult to pass
on to customers.

"On a stand-alone basis, we expect GCS' revenues to grow across
all regions, albeit more prominently in Asia, on the back of
secured contracts in its beverage segment.  Given that these
contracts relate to high value-added, high-margin products, we
expect improving volumes and product mix to bolster EBITDA
margins.  We also expect any inflation in non-resin input costs
or wages to be offset by ongoing cost-saving initiatives and
better fixed-cost recovery, further supporting margins.  In our
view, there will be only momentary benefits from lower oil
prices -- the main driver of resin prices -- as price drops will
be passed on to customers.  Overall, we now foresee EBITDA
margins improving to about 15%-16% on an adjusted basis in 2015
and 2016," S&P said.

The CreditWatch positive placement reflects S&P's view that GCS'
credit quality will likely be enhanced by its acquisition by the
larger and less-leveraged RPC Group, potentially supporting a
multiple-notch upgrade.  That said, there remain a number of open
questions about the capital structure and strategy of the
resulting consolidated entity, as well as the extent of GCS'
integration.

S&P aims to resolve the CreditWatch when the acquisition is
finalized, which is expected during the first quarter of 2016.

In the unlikely event of the transaction not going ahead, S&P
would probably affirm the ratings with a stable outlook, all
other things being equal.


HELLERMANNTYTON GROUP: Moody's Withdraws Ba2 Corp. Family Rating
----------------------------------------------------------------
Moody's Investors Service withdrawn the Ba2 corporate family
rating and the Ba2-PD probability of default rating of
HellermannTyton Group PLC, following the announcement by Delphi
Automotive PLC that it has completed the acquisition of
HellermannTyton with the transaction valued at GBP1.07 billion on
a cash and debt free basis.

RATINGS RATIONALE

This rating action concludes the review for upgrade process,
initiated on July 31, 2015, after all necessary requirements have
been obtained for the transaction to become effective with the
final step of a successful sanction of the court on 18 December
2015 in respect of a scheme arrangement under Part 26 of the
Companies Act 2006.


INDIVIOR PLC: S&P Raises Rating on Sr. Secured Debt to 'B+'
-----------------------------------------------------------
Standard & Poor's Ratings Services revised its recovery rating on
Indivior's senior secured debt to '2' from '3' and raised the
issue-level rating to 'B+' from 'B'.  The '2' recovery rating
reflects S&P's expectation for substantial recovery in the event
of default at the low end of the 70% to 90% range.  Indivior's
senior secured debt comprises a revolving credit facility issued
by RBP Global Holdings Ltd. and a $750 million senior secured
term loan that was jointly issued by Indivior Finance S.a.r.l and
Indivior Finance LLC.

At the same time, S&P affirmed the 'B' corporate credit rating.
The outlook is stable.

"The actions on Indivior's debt follow the company's repurchase
of $75 million of its senior secured term loan in the secondary
market.  We view this open-market debt repurchase as
opportunistic given the relatively small repurchase amount and
our view that Indivior's debt is not traded at distressed level.
Indivior's $550 million cash balance, available for debt
repayment if needed, further supports our opinion," said credit
analyst Maryna Kandrukhin.  "While we don't expect the company to
further use its available cash for debt reduction, we think this
substantial cash balance could cushion the company in case of
adversities."

The stable outlook reflects S&P's belief that Indivior will
continue to generate more than $150 million in free operating
cash flow, despite S&P's expectation of revenue and EBITDA
declines in 2016.  At the same time, S&P don't expect any
improvement in the company's credit measures, despite strong cash
flow generation. Given Indivior's heavy reliance on its main
product for the majority of revenue, S&P expects the company to
use a combination of internally generated cash and new debt
issuance to expand its narrow product portfolio through
acquisitions.

Downside scenario

S&P could downgrade Indivior if intensifying generic competition
or a successful patent challenge leads to a major market share
loss and EBITDA contraction with limited prospects for
improvement, resulting in leverage around 5.0x and negative cash
flow generation.

Upside scenario

Upside scenario would be predicated on a meaningful improvement
to the company's business risk profile through portfolio
expansion and diversification while maintaining leverage below
5.0x.  At the same time, S&P would have to be confident that the
company's financial policy would be committed to sustaining
leverage below 5.0x in the long run.


LOTUS F1: London's High Court Halts Insolvency Proceedings
----------------------------------------------------------
Jan Colley at Press Association reports that insolvency
proceedings brought against Formula One team Lotus have come to
an end.

The announcement at London's High Court followed the completion
of a share purchase agreement and the repayment in full of the
debts owed to HM Revenue & Customs and other creditors, Press
Association relates.

HMRC had applied to put the Oxfordshire-based F1 team into
administration over unpaid bills relating to PAYE (income tax and
National Insurance), Press Association discloses.

But on Dec. 21 the taxman was given permission to withdraw the
application by Mr. Justice Birss, who also dismissed three
winding-up petitions, Press Association notes.



R&R ICE CREAM: Moody's Affirms B2 CFR & Revises Outlook to Stable
-----------------------------------------------------------------
Moody's Investors Service has affirmed the B2 corporate family
rating, B1-PD probability of default rating of R&R Ice Cream
plc's.  Concurrently, Moody's has affirmed the B2 rating of the
GBP315 million senior secured notes due 2020, the B2 rating of
the Euro and Australian Dollar denominated EUR255 million
equivalent senior secured notes due 2020 raised by R&R and the
Caa1 rating of the EUR253 million senior PIK Toggle notes due
2018 raised by R&R PIK plc.  Moody's has revised the outlook on
all ratings to stable from negative.

RATINGS RATIONALE

The change of the outlook to stable reflects Moody's view that
Peters Food Group Limited acquired in June 2014 has been
successfully integrated into the group, benefitting geographic
diversification, branded product mix and smoothing the impact of
seasonality to some extent.  Moreover, Moody's positively notes
the steady improvement in operating metrics including reported
gross and EBITDA margins, and positive underlying free cash flow.
The rating assessment excludes the impact of a potential JV with
Nestle S.A. (Aa2 stable) announced on Oct. 5, 2015, due to
uncertainty surrounding the details of the JV capital structure
and ownership.  The transaction, if successful, is expected to be
completed in 2016.

R&R has an established track record of revenue and profitability
growth, fuelled by acquisitions, most recently Peters in
Australia, but also organically (primarily in EBITDA).  After a
particularly strong Q3 YTD September 2015 sales increased year-
on-year by 14% or by 1% proforma Peters.  YTD company's reported
EBITDA rose by 27% (or 14% proforma Peters) leading to
improvement in EBITDA margin to 19.3% from 17.4%.  The underlying
free cash flow generation of the company has also been solid and
Moody's expects these positive trends to continue.  Moody's
adjusted leverage declined to 5.6x LTM September 2015 from 7.1x
as of financial year ended December 2014 (FY14) as a result of
strong EBITDA growth with full year contribution from Peters.

R&R's B2 CFR principally reflects (i) R&R's limited size and its
narrow product focus; (ii) the price competitive nature of the
industry, with the considerable bargaining power of retailers;
and (iii) the potential for margin volatility, partly on the back
of weather conditions, promotions and input price fluctuations
which may not always be entirely mitigated by price increases;
and (iv) high leverage due to the company's strategy of debt-
financed acquisitions.

Conversely, the B2 rating is supported by: (i) R&R's strong
position within the private label ice cream sector as well as
strong portfolio of brands; (ii) its wide product offering and
ability to innovate; (iii) broadly stable market fundamentals in
the rather low-cyclical food industry; (iv) well-established
customer relationships with only moderate concentration among
both retailers and discounters; and (v) an improved geographic
spread following the acquisitions in France and Italy as well as
recent acquisition of Peters in Australia.

The B2 rating further reflects Moody's assumption that R&R would
maintain an adequate liquidity cushion including access to a
EUR60 million revolving credit facility (RCF), extendable to
EUR75 million, which, together with factoring facilities in its
core markets, can be used to finance its seasonal sizeable
working capital needs.

RATING OUTLOOK RATIONALE

Stable outlook reflects Moody's expectation that the company
continues its steady growth in topline and profitability leading
to gradual deleveraging.

WHAT COULD CHANGE THE RATING UP/DOWN

The company's ratings could be upgraded if R&R were to reduce its
Moody's adjusted debt/EBITDA metric below 5.0x and its
EBIT/interest expense ratio increased to above 2x, on a
sustainable basis.

The company's ratings could be downgraded if Moody's adjusted
gross debt to EBITDA increases towards 6.5x or its EBIT/Interest
expense ratio declines towards 1.0x, on a sustainable basis.
Furthermore, a downgrade could be possible if R&R were to
generate negative free cash flows for an extended period of time
or if there was any deterioration in the company's liquidity
position.

The principal methodology used in these ratings was Global
Packaged Goods published in June 2013.

Headquartered in Northallerton, UK, R&R Ice Cream plc is the
largest European private label ice cream manufacturer with a
primary focus on take-home ice cream products and a smaller
presence in the impulse purchases markets.  The company now also
has a leading presence in the Australian market following the
acquisition of Peters Food Group Limited on June 30, 2014.  R&R's
product portfolio includes both private label production and
branded ice cream such as Kelly's, Peters and Connoisseur as well
as products sold under the Nestle, Mondelez and Cadbury brands.
Total sales in 2014 were EUR837 million.


RBS CAPITAL: Moody's Corrects Ratings of Hybrid Secs. to B1(hyb)
----------------------------------------------------------------
Moody's Investors Service corrected the ratings of hybrid
securities issued by RBS Capital Funding Trusts V, VI and VII,
which resulted in a downgrade of these ratings to B1(hyb) from
Ba3(hyb).

RATINGS RATIONALE

In the July 5, 2013 and subsequent rating actions, Moody's rated
these instruments on the understanding that the guarantor was
Royal Bank of Scotland N.V. (LT deposits A3 positive, LT senior
unsecured A3 positive, BCA ba1). In fact the guarantor is the
intermediate holding company RBS Holdings N.V. (LT senior
unsecured shelf programme rating (P)Ba1). As such, the
instruments were rated one notch higher than they should have
been. The error has now been corrected, and the rating action
reflects that change.

LIST OF AFFECTED RATINGS

Issuer: RBS Capital Funding Trust V

-- BACKED Pref. Shelf (Local Currency), Downgraded to (P)B1 from
    (P)Ba3

-- BACKED Pref. Stock Non-cumulative (Local Currency), ISIN
    US74928K2087, Downgraded to B1(hyb) from Ba3(hyb)

Issuer: RBS Capital Funding Trust VI

-- BACKED Pref. Shelf (Local Currency), Downgraded to (P)B1 from
    (P)Ba3

-- BACKED Pref. Stock Non-cumulative Preferred Stock (Local
    Currency), ISIN US74928M2044, Downgraded to B1(hyb) from
    Ba3(hyb)

Issuer: RBS Capital Funding Trust VII

-- BACKED Pref. Shelf (Local Currency), Downgraded to (P)B1 from
    (P)Ba3

-- BACKED Pref. Stock Non-cumulative Preferred Stock (Local
    Currency), ISIN US74928P2074, Downgraded to B1(hyb) from
    Ba3(hyb)


TULLOW OIL: Moody's Lowers CFR to B2/B2-PD, Outlook Negative
------------------------------------------------------------
Moody's Investors Service has downgraded the corporate family
rating and probability of default rating (PDR) of Tullow Oil plc
to B2/B2-PD from B1/B1-PD.  The ratings on its USD650 million
2020 and USD650 million 2022 senior notes were downgraded to Caa1
(LGD 6) from B3(LGD 6).  The outlook on all Tullow's ratings
remains negative.

RATINGS RATIONALE

The principal catalyst for the rating action is the rating
agency's reduced outlook for oil prices in 2016/2017.  On
Dec. 15, 2015, Moody's has lowered its Brent oil price assumption
by around $10/boe from $53/boe to $43/boe in 2016 and from
$60/boe to $48/boe in 2017.

Lower oil prices mean that Tullow will face a larger funding
requirement and will add more debt next year, while it continues
to invest to complete the new TEN field, confirmed for first oil
in mid-2016.  Lower prices also mean that the leverage will
likely peak next year at a higher level of close to 5x
debt/EBITDA, and even as additional low cost production at TEN
would come on board in 2016 and ramp up in 2017, the pace of
deleveraging will be slower than earlier expected by Moody's at
higher oil price assumptions.  Moody's leverage assessment does
not assume any divestments.  The company, however, retains
sufficient operating diversity and flexibility to divest or
reduce stakes in production assets in Moody's view, if necessary.

Tullow's fundamental business position remains solid, supported
by (a) its sizeable oil and gas resource base, which it continues
to enhance, including via the additional development of its core
Jubilee field and largely de-risked development of the TEN field,
(b) its growing low cost production off shore Ghana, with group
production set to exceed 100kboed in 2017; (c) successful
exploration programme and strong execution track-record, that led
to the opening of new hydrocarbon basins and significant oil
discoveries, including in Ghana, Uganda and Kenya, that underpin
the company's long-term production growth trajectory.  Low
operating costs and low development costs continue to underpin
strong profitability of the business.

In 2015, the company has materially reduced its exploration
budget, suspended the dividends and is implementing a number of
measures to reduce fixed and operating costs, as well as
development costs, to adjust the operations to the lower oil
price environment.  It is managing oil price risks proactively
and its cash flows will continue to be materially supported by
the existing hedging arrangements for 2016, 2017 and 2018, that
cover approximately 36 kbd, 22.5kbd and 9 kbd of annual oil sales
entitlements respectively with average floor prices of $75.45,
$73.44 and $62.67/bbl.  The mark to market value of Tullow's
hedge portfolio was approximately $450 million including deferred
premium as at Oct. 30, 2015.  Tullow's conservative financial
policies and strong project execution continue to support its
ratings.

Negative outlook

The negative outlook on the ratings reflects heightened market
risk and continued pressure on oil prices.  It also reflects some
refinancing risk, as we look towards the redetermination of the
lending base under the RBL facility in April 2016 and its
amortization from 4Q'16 onward, as well as the maturing of the
currently undrawn corporate facility in April 2017.  Moody's
expects that the company is well positioned to maintain access to
its credit facilities.

Liquidity position

Tullow reported $282 million in cash at the end of September
2015, had full availability under its $1 billion 2017 corporate
facility, and approximately $1 billion available under its $3.7
billion RBL facilities.

The rating assumes that the company will proactively manage its
refinancing profile next year, when its RBL facility will start
to amortize in 4Q 2016 and in 2017 when its corporate facility is
scheduled to mature.

What Could Take the Rating UP

In spite of the profitable organic growth, an upgrade of the
rating will remain constrained by the sizable country exposure to
Ghana (B3 negative).  However, a strong sustained liquidity
position, return to positive FCF generation and deleveraging,
with RCF/Debt improving towards 25-30%, will put positive
pressure on the B2 rating.

What Could Take the Rating DOWN

The B2 ratings could come under pressure should Tullow suffer
significant delays in progressing with the ramp up of its major
TEN project in 2016/17.  Ongoing negative FCF generation in 2017
and further increase of leverage in 2017, as well as a weak
liquidity position may also drive the downgrade of the ratings.
The rating may also be downgraded if we lower our rating of Ghana
(B3 negative).

The principal methodology used in these ratings was Global
Independent Exploration and Production Industry published in
December 2011.



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


* BOND PRICING: For the Week Dec. 21, 2015 to Dec. 25, 2015
-----------------------------------------------------------

Issuer                 Coupon    Maturity  Currency    Price
------                 ------    --------  --------    -----
Portugal Telecom Int     4.63    5/8/2020     EUR      45.91
Petrobras Global Fin     5.38   1/27/2021     USD      75.00
Portugal Telecom Int     5.88   4/17/2018     EUR      50.80
Petrobras Global Fin     6.25   3/17/2024     USD      74.33
Glencore Finance Eur     1.25   3/17/2021     EUR      72.47
Oi Brasil Holdings C     5.75   2/10/2022     USD      46.50
Oi Brasil Holdings C     5.63   6/22/2021     EUR      44.95
Grupo Isolux Corsan      6.63   4/15/2021     EUR      22.94
Portugal Telecom Int     5.00   11/4/2019     EUR      56.09
Petrobras Global Fin     4.38   5/20/2023     USD      66.00
Petrobras Global Fin     6.85    6/5/2115     USD      64.26
Abengoa Finance SAU      8.88    2/5/2018     EUR      14.50
Abengoa Finance SAU      6.00   3/31/2021     EUR      11.00
ArcelorMittal            8.00  10/15/2039     USD      67.99
Anglo American Capit     3.25    4/3/2023     EUR      67.74
Abengoa Finance SAU      7.00   4/15/2020     EUR      12.50
Eramet                   4.50   11/6/2020     EUR      64.38
Vedanta Resources PL     6.00   1/31/2019     USD      63.84
Portugal Telecom Int     4.50   6/16/2025     EUR      46.37
Glencore Finance Eur     1.75   3/17/2025     EUR      62.64
Petrobras Global Fin     3.25    4/1/2019     EUR      72.07
Anglo American Capit     2.88  11/20/2020     EUR      72.71
Casino Guichard Perr     1.93                 EUR      59.48
Anglo American Capit     2.50   4/29/2021     EUR      69.34
Glencore Finance Eur     1.63   1/18/2022     EUR      69.79
Anglo American Capit     1.50    4/1/2020     EUR      70.96
Scholz Holding Gmbh      8.50    3/8/2017     EUR      37.38
Intelsat Luxembourg      7.75    6/1/2021     USD      47.00
Abengoa Greenfield S     5.50   10/1/2019     EUR      12.13
CSN Resources SA         6.50   7/21/2020     USD      49.75
CHC Helicopter SA        9.25  10/15/2020     USD      45.64
Vedanta Resources PL     8.25    6/7/2021     USD      60.50
Petrobras Global Fin     4.88   3/17/2020     USD      74.40
Anglo American Capit     3.50   3/28/2022     EUR      69.65
ArcelorMittal            7.75    3/1/2041     USD      68.50
Anglo American Capit     4.88   5/14/2025     USD      64.00
Petrobras Global Fin     4.75   1/14/2025     EUR      62.59
Petrobras Global Fin     6.75   1/27/2041     USD      66.36
Anglo American Capit     4.13   4/15/2021     USD      67.01
ArcelorMittal            6.13    6/1/2025     USD      71.85
Anglo American Capit     3.63   5/14/2020     USD      68.20
Petrobras Global Fin     5.63   5/20/2043     USD      61.00
Algeco Scotsman Glob    10.75  10/15/2019     USD      39.50
Petrobras Global Fin     5.88    3/7/2022     EUR      70.02
Norske Skogindustrie     7.00   6/26/2017     EUR      38.25
OAS Investments GmbH     8.25  10/19/2019     USD       5.25
Vallourec SA             2.25   9/30/2024     EUR      60.79
Petrobras Global Fin     4.25   10/2/2023     EUR      62.90
Waste Italia SpA        10.50  11/15/2019     EUR      39.38
Abengoa Finance SAU      8.88   11/1/2017     USD      12.50
CGG SA                   6.50    6/1/2021     USD      44.75
Petrobras Global Fin     7.25   3/17/2044     USD      67.25
Hema Bondco I BV         6.25   6/15/2019     EUR      73.63
Petrobras Global Fin     6.25  12/14/2026     GBP      63.49
Gol LuxCo SA             8.88   1/24/2022     USD      42.10
Heta Asset Resolutio     4.38   1/24/2017     EUR      67.00
Ajecorp BV               6.50   5/14/2022     USD      40.00
Petrobras Global Fin     3.75   1/14/2021     EUR      66.60
Petrobras Global Fin     6.88   1/20/2040     USD      63.75
Vedanta Resources PL     7.13   5/31/2023     USD      53.96
Faurecia                 3.25    1/1/2018     EUR      37.59
Ensco PLC                5.20   3/15/2025     USD      70.68
EnQuest PLC              5.50   2/15/2022     GBP      40.06
Premier Oil PLC          5.00  12/11/2020     GBP      47.88
Anglo American Capit     4.13   9/27/2022     USD      65.92
Metinvest BV             8.75   2/14/2018     USD      44.25
Offshore Drilling Ho     8.38   9/20/2020     USD      71.00
Abengoa SA               5.13    3/5/2017     USD      16.13
QGOG Constellation S     6.25   11/9/2019     USD      46.50
Anglo American Capit     4.88   5/14/2025     USD      63.70
Banque Federative du     1.00                 EUR      57.83
Peugeot SA               4.45    1/1/2016     EUR      25.58
EnQuest PLC              7.00   4/15/2022     USD      37.00
Metinvest BV            10.25   1/31/2016     USD      48.00
Nordea Bank AB           1.05                 EUR      64.78
CGG SA                   6.88   1/15/2022     USD      41.00
Aegon NV                 0.85                 EUR      71.53
Tonon Luxembourg SA      7.25   1/24/2020     USD       9.63
Anglo American Capit     3.63   5/14/2020     USD      70.00
CIMPOR Financial Ope     5.75   7/17/2024     USD      68.53
Alcatel-Lucent           4.25    7/1/2018     EUR       4.54
Intelsat Jackson Hol     6.63  12/15/2022     USD      61.88
Brunswick Rail Finan     6.50   11/1/2017     USD      50.04
Intelsat Luxembourg      6.75    6/1/2018     USD      74.00
Takko Luxembourg 2 S     9.88   4/15/2019     EUR      54.13
Abengoa SA               6.25   1/17/2019     EUR       8.45
Pacific Drilling SA      5.38    6/1/2020     USD      40.50
Indo Energy Finance      7.00    5/7/2018     USD      59.67
Glencore Finance Eur     3.75    4/1/2026     EUR      72.90
Tullow Oil PLC           6.25   4/15/2022     USD      67.00
Ensco PLC                4.50   10/1/2024     USD      68.10
Tonon Luxembourg SA     10.50   5/14/2024     USD      50.00
Alcatel-Lucent           0.13   1/30/2020     EUR       4.63
Bluewater Holding BV    10.00  12/10/2019     USD      51.63
Intelsat Luxembourg      8.13    6/1/2023     USD      44.50
Etablissements Maure     1.63    7/1/2019     EUR      10.65
Far East Capital Ltd     8.00    5/2/2018     USD      63.03
Heta Asset Resolutio     4.25  10/31/2016     EUR      66.50
Petrobras Global Fin     6.63   1/16/2034     GBP      60.66
Abengoa Finance SAU      7.75    2/1/2020     USD      14.00
Banca delle Marche S     0.84    6/1/2017     EUR       1.77
Bank of New York Mel     4.40  12/15/2050     EUR      55.25
Ferrexpo Finance PLC    10.38    4/7/2019     USD      55.00
Privatbank CJSC Via     10.25   1/23/2018     USD      73.63
AXA SA                   1.05                 EUR      72.83
Ensco PLC                5.75   10/1/2044     USD      68.56
HSH Nordbank AG/Luxe     2.31                 EUR      22.00
Petrobras Global Fin     3.41   3/17/2020     USD      69.67
Virgolino de Oliveir    10.50   1/28/2018     USD       3.00
Yuksel Insaat AS         9.50  11/10/2015     USD      64.50
ING Groep NV             1.35                 EUR      67.75
DTEK Finance PLC         7.88    4/4/2018     USD      38.75
AXA SA                   0.92                 EUR      69.00
AXA SA                   1.30                 EUR      71.58
Indo Energy Finance      6.38   1/24/2023     USD      43.50
CGG SA                   1.75    1/1/2020     EUR       6.28
Hema Bondco II BV        8.50  12/15/2019     EUR      43.67
IMMOFINANZ AG            4.25    3/8/2018     EUR       4.50
BIM SAS                  2.50  11/13/2020     EUR      25.03
ING Groep NV             0.95                 EUR      65.88
CNP Assurances           1.03                 EUR      57.98
Codere Finance Luxem     8.25   6/15/2015     EUR      72.13
HSH Nordbank AG          7.25                 USD      39.38
Afren PLC                6.63   12/9/2020     USD       1.50
CHC Helicopter SA        9.38    6/1/2021     USD      20.50
Abengoa Finance SAU      8.88   11/1/2017     USD      13.50
Heta Asset Resolutio     2.75   5/31/2016     CHF      67.13
Credit Agricole SA       0.71                 EUR      60.25
Abengoa Greenfield S     6.50   10/1/2019     USD      38.75
Talvivaara Mining Co     4.00  12/16/2015     EUR       2.23
Singulus Technologie     7.75   3/23/2017     EUR      19.38
Mriya Agro Holding P     9.45   4/19/2018     USD      14.75
Norske Skog Holding      8.00   2/24/2021     EUR      27.38
Petrobras Global Fin     5.38   10/1/2029     GBP      57.48
DTEK Finance PLC        10.38   3/28/2018     USD
Capital Funding GmbH     2.27                 EUR      78.38
Tullow Oil PLC           6.00   11/1/2020     USD      66.50
TiZir Ltd                9.00   9/28/2017     USD      72.00
OGX Austria GmbH         8.50    6/1/2018     USD       0.00
Abengoa Finance SAU      7.75    2/1/2020     USD      10.50
UKRLANDFARMING PLC      10.88   3/26/2018     USD      50.25
OSX 3 Leasing BV        13.00   3/20/2015     USD      25.00
Immigon Portfolioabb    10.00                 EUR       5.50
Bank of New York Mel     4.20  12/30/2099     EUR      17.91
WPE International Co    10.38   9/30/2020     USD      10.00
CaixaBank SA             4.50  11/22/2016     EUR      63.38
Norwegian Energy Co      6.50    3/6/2018     NOK      80.13
Transcapitalbank JSC    10.00   9/18/2020     USD      63.50
Oi Brasil Holdings C     5.75   2/10/2022     USD      44.80
Fred Olsen Energy AS     4.16   2/28/2019     NOK      46.63
Virgolino de Oliveir    11.75    2/9/2022     USD       3.00
CGG SA                   1.25    1/1/2019     EUR      22.41
Rothschilds Continua     1.19                 EUR      55.63
Neopost SA               3.38                 EUR      46.51
Metinvest BV            10.50  11/28/2017     USD      44.44
Hema Bondco I BV         5.12   6/15/2019     EUR      71.09
Banque Federative du     0.83                 EUR      57.88
Matalan Finance PLC      8.88    6/1/2020     GBP      71.34
Afren PLC               10.25    4/8/2019     USD       2.25
KCA Deutag UK Financ     7.25   5/15/2021     USD      68.00
Abengoa Greenfield S     6.50   10/1/2019     USD      39.00
Afren PLC               11.50    2/1/2016     USD       1.75
Abengoa SA               5.13    3/5/2017     USD      19.25
Aegon NV                 1.51                 NLG      53.62
Paragon Offshore PLC     6.75   7/15/2022     USD      14.25
Paragon Offshore PLC     7.25   8/15/2024     USD      14.25
Candyking Holding AB     5.00   1/29/2018     SEK      40.13
Finance and Credit B     9.25   1/25/2019     USD       8.63
Rothschilds Continua     0.81                 USD      48.13
Lambay Capital Secur     6.25                 GBP       1.58
Volstad Shipping AS      7.16   5/30/2018     NOK      25.00
Cofinoga Funding Two     2.17                 EUR      74.58
World Wide Supply AS     7.75   5/26/2017     USD      38.50
Nuova Banca delle Ma     1.02   6/15/2016     EUR       1.16
Etablissements Maure     2.75    7/1/2021     EUR       6.97
Aralco Finance SA       10.13    5/7/2020     USD       0.75
Asya Sukuk Co Ltd        7.50   3/28/2023     USD      71.00
Tullow Oil PLC           6.25   4/15/2022     USD      66.50
HSBC Bank PLC            0.75                 USD      60.38
Banco Espirito Santo     2.61                 EUR       7.50
Pescanova SA             5.13   4/20/2017     EUR       2.63
Privatbank CJSC Via     10.88   2/28/2018     USD      64.95
Ageasfinlux SA           1.28                 EUR      62.41
First Ukrainian Inte    11.00  12/31/2018     USD      70.50
Far East Capital Ltd     8.75    5/2/2020     USD      61.25
NIBC Bank NV             2.13                 USD      63.38
EnQuest PLC              7.00   4/15/2022     USD      38.00
Hybrid Raising GmbH      6.63                 EUR      12.13
Santander Finance Pr     1.05                 EUR      61.13
Havila Shipping ASA      9.66   8/30/2016     NOK      29.00
RESO-Garantia Insura     9.20   3/24/2023     RUB      60.01
Viking Supply Ships      9.42   3/21/2017     NOK      42.75
Praktiker AG             5.88   2/10/2016     EUR       0.13
Espirito Santo Finan     6.88  10/21/2019     EUR       0.31
Santander Internatio     2.00                 USD      39.98
Vneshprombank Ltd       14.00   6/22/2018     RUB      17.01
Jyske Bank A/S           1.13                 EUR      58.63
Caisse Federale du C     1.10                 EUR      58.13
ESFIL-Espirito Santo     5.25   6/12/2015     EUR       2.67
HSBC Bank PLC            0.81                 USD      60.63
Caixa Terrassa Socie     1.18                 EUR      59.00
Bank Nadra via NDR F     8.25   7/31/2018     USD       5.00
Assystem                 4.50                 EUR      28.23
Banco Bilbao Vizcaya     1.19                 EUR      73.05
NTRP Via Interpipe L    10.25    8/2/2017     USD      31.13
OGX Austria GmbH         8.38    4/1/2022     USD       0.00
Noreco Norway AS         6.50    3/6/2018     NOK      62.00
CIMPOR Financial Ope     5.75   7/17/2024     USD      68.49
Koninklijke Luchtvaa     0.75                 CHF      36.50
Farstad Shipping ASA     5.36   2/15/2017     NOK      61.38
BNP Paribas SA           1.15                 EUR      63.00
Farstad Shipping ASA     4.56   5/29/2018     NOK      52.00
Scandinavian Airline     2.38                 CHF      27.00
Takko Luxembourg 2 S     6.95   4/15/2019     EUR      50.01
Tonon Luxembourg SA      7.25   1/24/2020     USD       9.63
Breeze Finance SA        6.71   4/19/2027     EUR      39.00
Popular Capital SA       1.12                 EUR      39.05
Danske Bank Oyj          1.15                 EUR      60.38
Ferrexpo Finance PLC    10.38    4/7/2019     USD      53.38
Vedanta Resources PL     6.00   1/31/2019     USD      63.61
Credit Mutuel Arkea      1.33                 EUR      57.83
Air France-KLM           2.03   2/15/2023     EUR      10.70
Songa Offshore           8.40   5/17/2018     NOK      70.46
SOITEC                   6.75   9/18/2018     EUR       1.58
Econocom Group SA/NV     1.50   1/15/2019     EUR      11.51
Tonon Luxembourg SA     10.50   5/14/2024     USD      67.00
Pescanova SA             8.75   2/17/2019     EUR       3.02
Gol LuxCo SA             8.88   1/24/2022     USD      59.25
Banco Espanol de Cre     0.99                 EUR      63.25
Espirito Santo Finan     9.75  12/19/2025     EUR       1.19
Rena GmbH                7.00  12/15/2015     EUR       8.63
Espirito Santo Finan     3.13   12/2/2018     EUR       0.57
HSBC Bank PLC            0.93                 USD      59.75
Vedanta Resources PL     8.25    6/7/2021     USD      60.45
Codere Finance Luxem     9.25   2/15/2019     USD      70.00
ATF Capital BV          10.00                 USD      61.63
Cooperatieve Central     0.50  11/26/2021     ZAR      54.98
Ukreximbank Via Biz      7.51    2/9/2023     USD      72.75
Banco Espirito Santo     0.04                 EUR      13.75
Island Offshore Ship     6.37    4/5/2016     NOK      68.62
Pohjola Bank Oyj         0.64                 EUR      59.77
Eurobank Ergasias SA     1.49    6/8/2017     EUR      73.25
Nexans SA                4.00    1/1/2016     EUR      55.23
Pierre & Vacances SA     3.50   10/1/2019     EUR      36.15
DOF ASA                  5.84    2/7/2018     NOK      64.38
BPCE SA                  0.95                 EUR      60.25
Jyske Bank A/S           1.38                 EUR      58.63
Grupo Isolux Corsan      6.63   4/15/2021     EUR      23.38
Capital Raising GmbH     7.50                 EUR      11.88
Barclays Bank PLC        0.75                 USD      60.38
Laurel GmbH              7.13  11/16/2017     EUR      25.13
Mriya Agro Holding P    10.95   3/30/2016     USD      15.00
Virgolino de Oliveir    10.88   1/13/2020     USD      19.38
Phosphorus Holdco PL    10.00    4/1/2019     GBP       1.79
Atlantic Offshore AS     8.60   5/16/2018     NOK      41.18
BOA OCV AS               6.75   10/7/2019     NOK      63.86
Island Drilling Co A     9.50    4/3/2018     USD      30.00
Sydbank A/S              1.05                 EUR      60.13
Electromagnetic Geos     7.23   6/27/2019     NOK      59.49
SNS Bank NV              6.25  10/26/2020     EUR       3.19
Vedanta Resources PL     7.13   5/31/2023     USD      75.00
Barclays Bank PLC        1.56                 GBP      70.00
Royal Bank of Scotla     3.96  11/16/2030     USD      74.00
Songa Offshore           7.50  12/11/2018     NOK      65.00
Union Fenosa Prefere     1.61                 EUR      67.75
Afren PLC                6.63   12/9/2020     USD       1.50
Renaissance Credit L    13.50   5/22/2019     USD      79.63
GNB - Cia de Seguros     3.37                 EUR      68.00
BLT Finance BV           7.50   5/15/2014     USD       2.99
Pacific Drilling SA      5.38    6/1/2020     USD      53.75
Nordea Bank Norge AS     0.81                 USD      60.00
Barclays Bank PLC        0.69                 USD      60.38
Alpine Holding GmbH      6.00   5/22/2017     EUR       0.21
Abengoa Finance SAU      6.00   3/31/2021     EUR      11.50
Eramet                   5.10   5/28/2026     EUR      58.50
E Forland AS             7.91    9/4/2018     NOK      65.75
Barclays Bank PLC       10.00   3/28/2034     USD      74.25
Barclays Bank PLC        1.78   5/31/2033     USD      69.00
Lloyds Bank PLC          1.90   2/22/2033     USD      65.00
International Indust     9.00    7/6/2011     EUR       0.49
Global PVQ SE            6.75  10/21/2015     EUR       0.94
Dexia SA                 4.89                 EUR       9.13
Eniro AB                 6.00   4/14/2020     SEK      55.00
Novo Banco SA            3.50    1/2/2043     EUR      68.88
Societe Generale SA      0.44                 USD      58.75
SiC Processing GmbH      7.13    3/1/2016     EUR       1.13
QGOG Constellation S     6.25   11/9/2019     USD      51.00
Solstad Offshore ASA     4.73   6/24/2019     NOK      66.25
Touax SA                 6.00   7/10/2020     EUR      18.36
Lehman Brothers UK C     5.13                 EUR       0.00
Barclays Bank PLC        2.62   4/19/2033     USD      63.75
Travel24.com AG          7.50   9/17/2017     EUR      37.00
DOF ASA                  8.08   9/12/2019     NOK      64.75
Lloyds Bank PLC          1.06                 USD      61.00
Dexia Credit Local S     1.64                 EUR      11.75
Danske Bank Oyj          1.47                 EUR      69.50
Bank Nederlandse Gem     0.50   7/12/2022     ZAR      54.22
Societe Generale SA      1.60    1/9/2020     GBP       1.00
Mobylife Holding A/S     7.25   5/23/2018     SEK      75.00
Heta Asset Resolutio     0.71   1/24/2017     EUR      16.50
Dexia Kommunalbank D     5.63  12/31/2017     EUR      16.75
EDOB Abwicklungs AG      7.50    4/1/2012     EUR       0.50
Barclays Bank PLC        2.97   6/17/2033     USD      71.00
Nexity SA                0.63    1/1/2020     EUR      49.77
friedola Gebr Holzap     7.25   4/11/2017     EUR      13.25
Dexia Kommunalbank D     4.88  12/31/2016     EUR      24.00
Hellenic Republic Go     5.20   7/17/2034     EUR      74.13
Barclays Bank PLC        2.77   3/28/2033     USD      63.00
Phones4u Finance PLC     9.50    4/1/2018     GBP      37.50
Minicentrales Dos SA     6.45   4/14/2028     EUR      62.38
JZ Capital Partners      6.00   7/30/2021     GBP      10.62
Dannemora Mineral AB    11.75   3/22/2016     USD       0.09
Cirio Holding Luxemb     6.25   2/16/2004     EUR       1.95
Waste Italia SpA        10.50  11/15/2019     EUR      39.38
Heta Asset Resolutio     1.91   9/29/2016     JPY      66.38
Lehman Brothers UK C     5.75                 EUR       0.01
getgoods.de AG           7.75   10/2/2017     EUR       0.17
MS Deutschland Betei     6.88  12/18/2017     EUR      15.10
Metinvest BV            10.50  11/28/2017     USD      44.34
More & More AG           8.13   6/11/2018     EUR      43.13
Windreich GmbH           6.50   7/15/2016     EUR      10.88
Standard Chartered P     0.81                 GBP      56.61
Elli Investments Ltd    12.25   6/15/2020     GBP      36.88
BNP Paribas SA           0.61                 USD      59.75
EFG International AG     1.20                 EUR      63.90
Oi Brasil Holdings C     5.63   6/22/2021     EUR      45.25
Alpha Bank AE            1.63    2/1/2017     EUR      70.00
Rem Offshore ASA         6.48   9/25/2019     NOK      39.25
Bank Nederlandse Gem     0.50    8/9/2022     MXN      70.09
Codere Finance Luxem     8.25   6/15/2015     EUR      72.50
KCA Deutag UK Financ     7.25   5/15/2021     USD      67.88
Sazka AS                 9.00   7/12/2021     EUR       0.00
Societe Air France S     2.75    4/1/2020     EUR      20.92
Rena GmbH                8.25   7/11/2018     EUR       8.63
IGas Energy PLC         10.00  12/11/2018     USD      52.38
BOA Offshore AS          7.81  12/18/2018     NOK      28.00
Kaupthing Bank Hf        9.00                 USD       0.13
Western Bulk ASA         7.87   4/19/2017     NOK      75.00
Abengoa Greenfield S     5.50   10/1/2019     EUR      12.13
IM Skaugen SE           10.11   4/11/2017     NOK      38.88
Strenesse AG             9.00   3/15/2017     EUR      38.50
BNP Paribas SA           2.46   4/30/2033     USD      67.50
Lloyds Bank PLC          2.62   4/26/2033     USD      67.13
CGG SA                   6.88   1/15/2022     USD      43.25
IKB Deutsche Industr     5.63   3/31/2017     EUR      22.00
Petromena ASA            9.75   5/24/2016     NOK       0.54
Bank of Scotland PLC     0.94                 USD      60.75
RENE LEZARD Mode Gmb     7.25  11/25/2017     EUR      24.90
Mox Telecom AG           7.25   11/2/2017     EUR       2.98
Codere Finance Luxem     9.25   2/15/2019     USD      72.38
Societe Generale SA      1.03                 EUR      64.02
Algeco Scotsman Glob    10.75  10/15/2019     USD      55.00
LBI HF                   6.25                 EUR       0.00
Vseukrainsky Aktsine    10.90   6/14/2019     USD       1.60
Barclays Bank PLC        0.26  12/28/2040     EUR      62.53
Petrol AD                8.38   1/26/2017     EUR      13.25
Norske Skog Holding      8.00   2/24/2023     USD      30.00
Barclays Bank PLC        3.45  11/29/2030     USD      73.70
NIBC Bank NV             0.67                 EUR      52.00
Olympic Ship AS          6.06   6/18/2019     NOK      42.22
Abengoa Finance SAU      7.00   4/15/2020     EUR      12.25
Abanka Vipa DD Via A     1.83                 EUR       0.42
Minicentrales Dos SA     4.81  11/29/2034     EUR      65.38
National Westminster     0.75                 USD
Lloyds Bank PLC          4.44    7/5/2033     USD      75.00
Aralco Finance SA       10.13    5/7/2020     USD       0.65
Den Norske Creditban     0.69                 USD      61.13
Sidetur Finance BV      10.00   4/20/2016     USD       9.00
Lehman Brothers Trea     6.00   11/2/2035     EUR      16.25
Abengoa SA               6.25   1/17/2019     EUR       8.13
Glitnir HF               8.00                 EUR       0.50
Virgolino de Oliveir    10.50   1/28/2018     USD       1.65
Abengoa Finance SAU      8.88    2/5/2018     EUR      14.50
Le Noble Age             4.88    1/3/2016     EUR      25.25
Belfius Bank SA/NV       1.86                 FRF      69.88
Nuova Banca delle Ma     7.20   6/30/2018     EUR       1.18
Centrosolar Group AG     7.00   2/15/2016     EUR       2.15
Lehman Brothers Trea     7.25   10/5/2035     EUR      13.75
Commerzbank Holdings     1.06                 USD      64.50
Glitnir HF               6.69   6/15/2016     USD       0.02
Barclays Bank PLC        2.75   3/21/2033     USD      65.50
National Westminster     0.81                 USD      60.75
Talvivaara Mining Co     9.75    4/4/2017     EUR       0.09
Corporate Commercial     8.25    8/8/2014     USD       1.06
Afren PLC               10.25    4/8/2019     USD       0.59
OGX Austria GmbH         8.50    6/1/2018     USD       0.01
PA Resources AB         13.50    3/3/2016     SEK       0.26
Standard Chartered P     1.09                 USD
Vestland Offshore In    11.12   1/15/2016     NOK      68.66
Frey                     6.00  11/15/2022     EUR      22.00
Ekotechnika GmbH         9.75   5/10/2018     EUR       9.50
Eramet                   5.29   4/22/2026     EUR      70.75
Standard Chartered P     0.94                 USD      58.23
Assystem                 4.00    1/1/2017     EUR      24.91
DOF ASA                  8.34    2/7/2017     NOK      74.25
RWE AG                   3.80    4/5/2033     USD      75.00
Ideal Standard Inter    11.75    5/1/2018     EUR      15.00
Cirio Finanziaria Sp     8.00  12/21/2005     EUR       2.13
Olympic Ship AS          7.22   9/21/2017     NOK      52.75
Ajecorp BV               6.50   5/14/2022     USD      50.06
DTEK Finance PLC         7.88    4/4/2018     USD      38.50
Sairgroup Finance BV     4.38    6/8/2006     EUR      17.13
Turkey Government Bo     2.40    5/8/2024     TRY      10.00
AgroGeneration           8.00    4/1/2019     EUR      73.01
Paragon Offshore PLC     7.25   8/15/2024     USD      17.88
Alpine Holding GmbH      5.25   6/10/2016     EUR       3.12
Kaupthing Bank Hf        5.75   10/4/2011     USD      17.50
Barclays Bank PLC        0.88                 USD      59.63
Takko Luxembourg 2 S     9.88   4/15/2019     EUR      54.13
Brunswick Rail Finan     6.50   11/1/2017     USD      45.00
Banca delle Marche S     6.00    5/8/2018     EUR       1.52
Afren PLC               11.50    2/1/2016     USD       0.54
Credit Suisse AG/Gue     0.63                 USD
Hellas Telecommunica     8.50  10/15/2013     EUR       0.01
Norske Skog Holding      8.00   2/24/2021     EUR      27.38
Deutsche Bank AG/Lon     2.00   3/15/2033     USD      64.80
SAG Solarstrom AG        6.25  12/14/2015     EUR      45.00
Espirito Santo Finan     5.13   5/30/2016     EUR       3.17
Alpha Bank AE            1.54    3/8/2017     EUR      67.00
BDT Media Automation     8.13   10/9/2017     EUR      62.63
Empik Media & Fashio     9.80  11/17/2017     PLN      60.00
Golden Gate AG           6.50  10/11/2014     EUR      41.26
Nationwide Building      1.08                 GBP      70.00
Glitnir HF               6.00    3/5/2012     GBP      27.13
Indo Energy Finance      7.00    5/7/2018     USD      57.00
International Financ     0.50   6/29/2020     ZAR      64.14
Kaupthing Bank Hf        7.13   5/19/2016     USD       0.00
Heta Asset Resolutio     0.33  12/18/2030     EUR      18.38
Lloyds Bank PLC         10.13  12/16/2021     CAD     106.79
Novo Banco SA            3.50   1/23/2043     EUR      68.88
Ferrexpo Finance PLC    10.38    4/7/2019     USD      53.38
Offshore Drilling Ho     8.38   9/20/2020     USD      79.05
Metinvest BV             8.75   2/14/2018     USD      63.00
TGC-2 OJSC              12.00  10/10/2018     RUB      59.74
Espirito Santo Finan     5.05  11/15/2025     EUR       1.04
Pescanova SA             6.75    3/5/2015     EUR       1.95
UBS AG                   6.10   7/29/2016     GBP      50.62
International Financ     0.50   6/24/2024     ZAR      40.70
CARPEVIGO AG             2.50   6/30/2016     EUR      22.50
KPNQwest NV             10.00   3/15/2012     EUR       0.54
International Indust    11.00   2/19/2013     USD       0.24
Lloyds Bank PLC          0.63                 USD      60.00
Karlie Group GmbH        6.75   6/25/2018     EUR      28.50
Heta Asset Resolutio     5.92   2/22/2022     EUR      16.88
Norske Skogindustrie     7.13  10/15/2033     USD      31.25
CSN Resources SA         6.50   7/21/2020     USD      49.27
Lloyds Bank PLC          0.63                 USD      61.00
Hellenic Bank PCL       10.00                 EUR      47.00
LBI HF                   6.10   8/25/2011     USD      11.00
KA Finanz AG             5.43   2/13/2024     EUR      60.13
IT Holding Finance S     9.88  11/15/2012     EUR       0.22
Teksid Aluminum Luxe    11.38   7/15/2011     EUR       0.05
Sachsen Bank             0.35   1/22/2041     EUR      74.60
Hema Bondco I BV         6.25   6/15/2019     EUR      74.25
Heta Asset Resolutio     0.18   9/11/2017     EUR      16.75
Royal Bank of Scotla     4.24   1/12/2046     EUR      72.50
DeloPorts LLC           13.80  11/14/2025     RUB      60.30
National Westminster     0.69                 USD      60.50
CHC Helicopter SA        9.25  10/15/2020     USD      88.00
Global PVQ Netherlan     1.38   4/30/2012     EUR      26.88
Hellenic Republic Go     2.09   7/25/2057     EUR      30.50
Artea                    6.00    8/4/2019     EUR      14.03
Alpine Holding GmbH      5.25    7/1/2015     EUR       1.73
Royal Bank of Scotla     1.13                 USD
OGX Austria GmbH         8.38    4/1/2022     USD       0.00
Banca delle Marche S     6.00   6/12/2018     EUR       1.15
Societe Generale SA      1.75   6/28/2033     USD      70.85
DNB Bank ASA             0.69                 USD      60.95
PA Resources AB          3.00  12/27/2017     NOK       0.32
Ferrexpo Finance PLC    10.38    4/7/2019     USD      54.38
Baltijskij Bereg ZAO     8.25  12/22/2017     RUB      20.00
Kezizalog Zrt            7.75   10/1/2018     EUR       0.51
Heta Asset Resolutio     4.35   11/3/2016     EUR      18.13
Den Norske Creditban     0.71                 USD      61.00
Norske Skog Holding      8.00   2/24/2023     USD      30.00
Solarworld AG            6.13   1/21/2017     EUR      43.00
Cirio Finance Luxemb     7.50   11/3/2002     EUR       8.88
Depfa Funding II LP      6.50                 EUR      56.38
Northland Resources      4.00  10/15/2020     USD       0.42
Astana Finance BV        7.88    6/8/2010     EUR      16.00
Orient Express Bank     13.60    8/9/2018     RUB      36.00
Standard Chartered P     0.56                 USD      57.00
A-TEC Industries AG      8.75  10/27/2014     EUR       2.00
Indo Energy Finance      6.38   1/24/2023     USD      45.50
Societe Generale SA      1.04   2/28/2034     USD      66.90
Phones4u Finance PLC     9.50    4/1/2018     GBP      37.50
Lehman Brothers Trea     8.25   3/16/2035     EUR      13.75
APP International Fi    11.75   10/1/2005     USD       0.50
Global PVQ Netherlan     5.75   5/26/2014     EUR      27.50
Mechel                  15.00   2/25/2020     RUB      69.50
Lehman Brothers Trea     7.00   5/17/2035     EUR      13.75
Northland Resources     15.00   7/15/2019     USD       0.33
Metinvest BV            10.25   1/31/2016     USD      67.25
Raiffeisenlandesbank     5.00    7/1/2026     EUR      71.75
Mriya Agro Holding P     9.45   4/19/2018     USD      12.00
Cirio Del Monte NV       7.75   3/14/2005     EUR       2.14
Federal Grid Co Unif     8.00    1/7/2028     RUB      70.01
Virgolino de Oliveir    11.75    2/9/2022     USD       2.98
Commerzbank AG           5.00   9/27/2019     EUR      29.50
Nordea Bank Finland      4.35   4/20/2020     SEK      52.25
Mechel                  15.00   2/25/2020     RUB      69.51
Gazprom PAO             16.60  10/21/2043     RUB       9.94
Far East Capital Ltd     8.00    5/2/2018     USD      61.38
Del Monte Finance Lu     6.63   5/24/2006     EUR       8.50
OAS Investments GmbH     8.25  10/19/2019     USD       5.03
Banco Pastor SA          2.28                 EUR      35.88
Region of Piemont It     0.12  11/27/2036     EUR      61.91
Banco Espirito Santo    10.00   12/6/2021     EUR       3.26
Rem Offshore ASA         6.83   3/14/2018     NOK      43.88
Banco Pinto & Sotto      0.85                 EUR      30.30
Municipality Finance     0.50   3/28/2018     BRL      75.10
Mifa Mitteldeutsche      7.50   8/12/2018     EUR       3.30
Paragon Offshore PLC     6.75   7/15/2022     USD      17.75
State of Carinthia       0.78   7/20/2017     CHF       0.20
Saphir Finance PLC       6.85                 GBP       1.38
Province of Milan It     0.05  12/20/2042     EUR      76.60
Kaupthing Bank Hf        7.63   2/28/2015     USD      17.50
Lehman Brothers Trea     6.00   2/15/2035     EUR      13.75
KPNQwest NV              8.88    2/1/2008     EUR       0.54
Sairgroup Finance BV     6.63   10/6/2010     EUR      18.63
Region of Abruzzo It     0.38   11/7/2036     EUR      60.88
Banco Espirito Santo     2.76                 EUR      13.75
Lloyds Bank PLC          2.41   1/31/2033     USD      65.50
Gunther Zamek Produk     7.75   5/15/2017     EUR       0.94
Lehman Brothers Trea     5.10    5/8/2017     HKD      13.75
Solon SE                 1.38   12/6/2012     EUR       0.33
Standard Chartered P     0.65                 USD      56.98
Heta Asset Resolutio     4.25   5/31/2016     EUR      66.25
Societe Alsacienne e     1.63    1/1/2022     EUR      59.91
DZ Bank AG Deutsche      3.05   9/25/2023     EUR      63.88
IVG Immobilien AG        5.71                 EUR       0.00
Societe Generale SA      8.88    6/1/2017     USD      67.56
Hypo Tirol Bank AG       0.41   7/23/2026     EUR      61.63
Novo Banco SA            3.50   2/19/2043     EUR      68.50
eno energy GmbH          7.38   6/30/2016     EUR      68.20
Kaupthing Bank Hf        5.75   10/4/2011     USD      17.50
Nordea Bank Finland      1.61  10/20/2019     SEK      73.39
Novo Banco SA            3.50   3/18/2043     EUR      68.25
Solen AG                 7.50    4/8/2016     EUR       1.31
Depfa Funding III LP     1.35                 EUR
Accentro Real Estate     6.25   3/27/2019     EUR       2.90
Hema Bondco II BV        8.50  12/15/2019     EUR      45.00
Finmek International     7.00   12/3/2004     EUR       0.13
Societe Generale SA      1.35   3/31/2034     USD      65.75
Nuova Banca delle Ma     8.00   6/30/2018     EUR       1.18
Bank Nederlandse Gem     0.50    6/7/2022     ZAR      53.44
Windreich GmbH           6.50    3/1/2015     EUR      10.88
CRC Breeze Finance S     6.11    5/8/2016     EUR      54.38
Kerdos Group SA          8.00  12/15/2017     PLN       6.90
CHC Helicopter SA        9.25  10/15/2020     USD      47.25
OL Groupe SA             7.00  12/28/2015     EUR       7.72
Bulgaria Steel Finan    12.00    5/4/2013     EUR       0.59
HSBC Trinkaus & Burk     5.10    6/2/2016     EUR      63.17
Virgolino de Oliveir    10.88   1/13/2020     USD      18.75
Mechel                   8.40   5/27/2021     RUB      59.50
IKB Deutsche Industr     4.70   3/31/2017     EUR      22.30
Landesbank Hessen-Th     0.34    5/3/2041     EUR      70.98
SU-155 KAPITAL OOO      13.25   2/23/2016     RUB      10.33
ADLER Real Estate AG     6.00   6/30/2017     EUR      12.75
Lehman Brothers Trea     2.88   3/14/2013     CHF      16.25
Governo Portugues Co     2.75                 EUR      63.00
KPNQwest NV              7.13    6/1/2009     EUR       0.54
Heta Asset Resolutio     7.50   5/27/2024     ATS      16.88
Immigon Portfolioabb     3.55   4/12/2022     EUR      74.70
Mechel                   8.40   5/27/2021     RUB      59.16
Norske Skogindustrie     7.13  10/15/2033     USD      31.25
UniCredit Bank Austr     0.43   8/20/2033     EUR      65.88
Kaupthing Bank Hf        5.25   7/18/2017     BGN      17.50
Governo Portugues Co     3.00                 EUR      75.00
UBS AG/London           23.75   6/24/2016     EUR      46.54
UniCredit Bank Austr     0.35  12/27/2031     EUR      67.75
Northland Resources      4.00  10/15/2020     NOK       0.41
Lloyds Bank PLC          4.98   7/29/2033     USD      75.00
Heta Asset Resolutio     0.78   5/31/2016     EUR      66.38
UniCredit Bank Austr     0.37  12/31/2031     EUR      68.50
Cooperatieve Central     0.50   7/30/2043     MXN      14.19
PNE Wind AG              3.75  10/10/2019     EUR       2.95
Agroton Public Ltd       6.00   7/14/2019     USD      10.00
BLT Finance BV          12.00   2/10/2015     USD      10.50
A-TEC Industries AG      2.75   5/10/2014     EUR       2.00
ING Bank Eurasia ZAO    12.00   5/27/2020     RUB      61.00
Nordea Bank Finland      2.91  10/20/2019     SEK      54.05
Stroika Finance Ltd      7.70   6/25/2019     RUB      12.00
Heta Asset Resolutio     0.45  11/29/2032     EUR      16.88
Takko Luxembourg 2 S     6.95   4/15/2019     EUR      50.01
DEMIRE Real Estate A     6.00  12/30/2018     EUR       4.00
Ideal Standard Inter    11.75    5/1/2018     EUR      15.00
Deutsche Bank AG/Lon     5.65   6/30/2034     USD      74.75
DEIKON GmbH              1.00    7/1/2016     EUR      18.05
Mechel                   8.40    6/1/2021     RUB      58.15
Burovoya Kompaniya E     8.40   6/20/2018     RUB      58.82
Transaero Airlines      16.00  10/25/2018     RUB       1.39
Vnesheconombank         11.90   9/23/2032     RUB      70.00
Enemona AD-Kozloduy     10.00   4/28/2017     BGN       0.12
Nuova Banca delle Ma     7.75   6/30/2018     EUR       1.18
Solarworld AG            6.38   7/13/2016     EUR      40.38
Atari SA                 7.50   2/17/2020     EUR       0.19
Hema Bondco I BV         5.12   6/15/2019     EUR      71.09
Lehman Brothers Trea     6.00   3/14/2011     EUR      13.75
Kaupthing Bank Hf        6.13   10/4/2016     USD      17.50
Heta Asset Resolutio     4.88   9/18/2017     EUR      17.00
SAG Solarstrom AG        7.50   7/10/2017     EUR      45.00
DZ Bank AG Deutsche      2.52   6/23/2022     EUR      66.79
DeltaCredit Bank        12.10   7/28/2025     RUB      60.66
Hamburgische Landesb     0.33   1/22/2041     EUR      61.30
Raiffeisen Bank Inte     4.50   9/28/2035     EUR      70.63
LBI HF                   2.25   2/14/2011     CHF       8.50
Locko-Bank ZAO          13.75    4/2/2020     RUB      60.01
Glitnir HF               6.38   9/25/2012     USD      27.13
ffk environment GmbH     7.25    6/1/2016     EUR       3.25
Cooperatieve Central     0.50  10/29/2027     MXN      44.44
Cooperatieve Central     0.50  11/30/2027     MXN      44.52
CBo Territoria           6.00    1/1/2020     EUR       3.96
Santander Finance Ca     2.00                 EUR      33.50
HSBC Bank PLC            0.50   7/30/2027     NZD      52.71
Immigon Portfolioabb     6.00   3/30/2017     EUR       1.00
Federal Grid Co Unif     7.75   9/15/2020     RUB      55.01
Immigon Portfolioabb     5.27    2/8/2027     EUR      62.75
Heta Asset Resolutio     5.73  12/10/2021     EUR      16.00
LBI HF                   7.43                 USD       0.00
Societe Generale SA      2.21   2/28/2033     USD      71.16
Privatbank CJSC Via     10.88   2/28/2018     USD      66.88
DZ Bank AG Deutsche      8.25  12/28/2015     EUR      66.60
Marine Subsea AS         9.00  12/16/2019     USD       0.50
La Veggia Finance SP     7.13  11/14/2004     EUR       0.00
Lehman Brothers Trea     5.00   2/16/2015     EUR      13.75
Portigon AG              7.46  12/31/2019     EUR      12.46
Landesbank Hessen-Th     0.36   4/23/2041     EUR      71.19
LBI HF                   3.00   12/7/2010     CHF       8.50
DekaBank Deutsche Gi     2.70   6/25/2020     EUR      72.88
KIT Finance Capital     10.00  12/22/2016     RUB      58.85
Hellas Telecommunica     8.50  10/15/2013     EUR       0.01
Kaupthing Bank Hf        7.13   5/19/2016     USD       0.00
Geotech Seismic Serv    10.50  10/17/2018     RUB      72.71
Banque Cantonale Vau     6.00   5/26/2016     CHF      36.89
Kalvebod PLC             2.00    5/1/2016     DKK      75.00
Kaupthing Bank Hf        7.50    2/1/2045     USD       0.00
Lehman Brothers Trea     8.25   12/3/2015     EUR      13.75
Freshwater Finance P     6.06  10/17/2036     GBP      61.38
SV Patrimonia            4.00   4/19/2016     EUR      74.00
Vnesheconombank         11.20  11/23/2017     RUB      60.16
Raiffeisen-Landesban     0.25   9/10/2033     EUR      76.32
Lehman Brothers Trea     7.00  11/26/2013     EUR      13.75
LBBW                     5.00   3/24/2016     EUR      54.38
Heta Asset Resolutio     5.27    4/7/2028     EUR      17.25
Codere Finance Luxem     8.25   6/15/2015     EUR      72.50
HSBC Bank PLC            0.50  12/29/2026     AUD      67.69
HSBC Bank PLC            0.50   9/28/2018     IDR      76.24
Heta Asset Resolutio     4.63    3/4/2018     EUR      67.00
Elli Investments Ltd    12.25   6/15/2020     GBP      36.88
LBI HF                   4.65                 EUR       0.00
DekaBank Deutsche Gi     2.67   11/7/2016     EUR      67.10
SAir Group               6.25   4/12/2005     CHF      10.88
Heta Asset Resolutio     0.06   1/24/2017     EUR      66.88
Bremer Landesbank Kr     0.41    4/5/2041     EUR      78.59
UniCredit Bank Austr     0.43  10/31/2031     EUR      68.25
Cooperatieve Central     0.50  10/30/2043     MXN      11.87
Far East Capital Ltd     8.75    5/2/2020     USD      60.75
Banque Cantonale Vau     8.20    3/3/2016     EUR      54.19
Solarwatt GmbH           7.00   11/1/2015     EUR      14.50
Lehman Brothers Trea     4.00   2/16/2017     EUR      16.25
SU-155 KAPITAL OOO      13.25   2/23/2016     RUB       7.00
Lehman Brothers Trea     5.00   9/22/2014     EUR      13.75
Kaupthing Bank Hf        6.13   10/4/2016     USD      17.50
Ignition Finance BV      3.90   5/16/2017     EUR      68.00
Glitnir HF               6.33   7/28/2011     USD      27.13
Matalan Finance PLC      8.88    6/1/2020     GBP      72.25
Volkswagen Bank Rus     11.30  10/19/2019     RUB      60.01
Exane Finance            2.70   9/26/2016     USD      37.37
Lehman Brothers Trea    11.00  12/20/2017     AUD       3.01
DeltaCredit Bank        11.10   10/1/2024     RUB      60.01
Societe Centrale des     9.00    7/1/2016     EUR       6.75
SG Option Europe SA      7.00    5/5/2017     EUR      56.13
Petromena ASA           10.85  11/19/2014     USD       0.54
WPE International Co    10.38   9/30/2020     USD      10.25
EXER D GmbH              5.70    2/1/2016     EUR      66.50
Cyprus Popular Bank      1.65   5/26/2016     EUR       1.39
Depfa Funding IV LP      5.03                 EUR      57.00
Municipality Finance     0.25   6/28/2040     CAD      29.25
Kommunekredit            0.50  12/14/2020     ZAR      62.25
A-TEC Industries AG      5.75   11/2/2010     EUR       2.00
Deutsche Morgan Gren     0.81                 USD      58.75
Kommunekredit            0.50   7/30/2027     TRY      25.73
Svensk Exportkredit      0.50   2/22/2022     ZAR      52.94
Svensk Exportkredit      0.50   3/15/2022     ZAR      53.23
Bank Nederlandse Gem     0.50   5/12/2021     ZAR      61.32
Kommunekredit            0.50  10/22/2019     BRL      59.18
Heta Asset Resolutio     0.24   8/12/2017     EUR      64.63
Absolut Bank PAO        11.50   7/27/2016     RUB      60.01
Lehman Brothers Trea     1.00    5/9/2012     EUR       3.01
UniCredit Bank Austr     0.30   1/25/2031     EUR      69.88
SNS Bank NV              6.63   5/14/2018     EUR       3.19
wige MEDIA AG            6.00   3/17/2019     EUR       1.88
Lehman Brothers Trea     4.50    5/2/2017     EUR       3.01
Mechel                   8.00    2/9/2021     RUB      51.00
Nota-Bank OJSC          13.50  10/13/2016     RUB       1.78
Lehman Brothers Trea     5.25   5/26/2026     EUR       3.01
Lehman Brothers Trea     5.00   2/27/2014     EUR      13.75
Svensk Exportkredit      0.50   1/31/2022     ZAR      54.59
Hellenic Bank PCL       11.00                 EUR      47.00
Mechel                   8.00    2/9/2021     RUB      55.00
BNP Paribas SA           0.50  10/19/2018     TRY
JP Morgan Structured    14.00  11/23/2029     ZMW
BNP Paribas SA           0.50   2/13/2024     NZD      69.72
Region of Abruzzo It     0.22   11/7/2031     EUR      72.65
Raiffeisen-Holding N     5.10                 EUR      69.95
Credit Suisse AG/Lon    11.00   7/25/2016     USD      33.60
Mortgage Agent KHMB-     9.20   8/25/2045     RUB      56.30
UniCredit Bank AG        4.25   9/12/2017     EUR      66.89
Kommunalbanken AS        0.50   5/27/2022     ZAR      53.72
Lehman Brothers Trea     4.00   12/2/2012     EUR       3.01
Lehman Brothers Trea     3.03   1/31/2015     EUR       3.01
Lehman Brothers Trea     4.00  10/24/2012     EUR       3.01
Transgazservice LLP     10.50   11/8/2019     RUB       0.01
Lehman Brothers Trea     6.00  10/30/2012     EUR       3.01
DeltaCredit Bank         8.40  10/21/2023     RUB      59.01
RZD Rasvytie vokzalo    12.50  10/21/2016     RUB      16.30
Hamburgische Landesb     0.31  10/30/2040     EUR      62.62
Lehman Brothers Trea     7.00    6/6/2017     EUR       3.01
Credit Suisse AG/Lon    13.00    6/6/2016     USD      59.20
HSBC Bank PLC            0.50  12/29/2022     AUD      75.46
Heta Asset Resolutio     0.25   9/26/2043     EUR      66.38
Deutsche Bank AG         3.20   3/22/2016     EUR      67.70
JP Morgan Structured    13.00  11/25/2024     ZMW
UBS AG/London            6.50   3/11/2016     GBP      64.09
Ukreximbank Via Biz      7.51    2/9/2023     USD      73.46
Federal Grid Co Unif     7.50  10/16/2020     RUB      60.02
Santander Finance Ca     2.00                 EUR      31.50
Heta Asset Resolutio     1.61   6/30/2019     CHF      66.38
Nordea Bank Finland      1.96  10/20/2019     SEK      74.64
SAir Group               6.25  10/27/2002     CHF      12.13
Banco Espirito Santo     1.45   5/27/2018     EUR       3.26
Bank Nederlandse Gem     0.50   6/22/2021     ZAR      59.12
Barclays Bank PLC        8.00   4/29/2016     USD       5.19
BLT Finance BV           7.50   5/15/2014     USD       2.99
Reso-Leasing OOO        13.75   10/3/2025     RUB      60.03
Heta Asset Resolutio     0.17    4/9/2043     EUR      60.00
SAir Group               4.25    2/2/2007     CHF      11.00
Deutsche Bank AG         1.78   6/28/2033     USD      70.50
Immigon Portfolioabb     0.91   5/20/2025     EUR      37.13
Kaupthing Bank Hf        9.75   9/10/2015     USD      17.50
Penell GmbH Elektrog     7.75   6/10/2019     EUR       5.11
Ecureuil Vie Develop     0.82                 EUR      23.50
International Financ     0.50   6/29/2027     ZAR      26.49
hkw personalkonzepte     8.25  11/15/2016     EUR       4.01
ADLER Real Estate AG     6.00  12/27/2018     EUR      12.75
Kommunalbanken AS        0.50    3/2/2018     BRL      74.82
Muehl Product & Serv     6.75   3/10/2005     DEM       1.71
UBS AG/London           24.75   3/29/2016     EUR      31.20
Immigon Portfolioabb     7.00   7/24/2022     EUR      63.69
Tatfondbank OAO         13.50   5/28/2025     RUB      60.00
Russian Railways JSC    16.00   5/29/2035     RUB      15.56
Absolut Bank PAO        12.00   5/28/2018     RUB      60.00
UniCredit Bank AG        5.20   5/24/2016     EUR      59.04
Svensk Exportkredit      0.50   4/24/2029     AUD      57.65
Cooperatieve Central     0.50   1/31/2033     MXN      27.93
World of Building Te     7.70   6/25/2019     RUB       1.30
Glitnir HF               6.38   9/25/2012     USD      27.13
Dayli Polska Sp zoo      8.50    9/5/2016     PLN      10.11
Russian Railways JSC    17.90   9/20/2039     RUB       8.09
Montepio Holding SGP     5.00                 EUR      50.00
EFG International Fi     6.48   5/29/2018     EUR      20.93
Raiffeisen Centroban     2.80  11/14/2016     EUR      41.31
Banco Comercial Port     5.00                 EUR      61.00
Jasper Explorer PLC     13.50   5/27/2016     USD       4.86
Comune di Verona         0.09   12/1/2026     EUR      65.10
DEIKON GmbH              1.00  11/16/2016     EUR      36.03
Heta Asset Resolutio     5.03   1/26/2017     EUR      15.50
City of Hunedoara Ro     1.43   8/15/2026     RON      64.50
Credit Suisse AG/Lon     8.25    7/6/2016     USD      55.72
Lehman Brothers Trea     1.75    2/7/2010     EUR       3.26
Moscow Industrial ba    15.50  11/24/2020     RUB      60.15
DeltaCredit Bank         8.45   8/30/2018     RUB      59.03
Glitnir HF               6.69   6/15/2016     USD       0.02
EFG International Fi    11.12  12/12/2016     USD      44.68
Bank J Safra Sarasin    11.30   3/24/2016     CHF      74.68
Santander Finance Ca     2.00                 USD      47.63
Dolomite Capital Ltd    12.50  12/20/2019     ZAR      56.94
Bank Otkritie Financ    12.25   1/13/2022     RUB      60.01
Fast Finance SA          8.80   9/27/2016     PLN      70.00
HSBC Bank PLC            0.50    4/3/2023     AUD      74.48
Heta Asset Resolutio     3.42   11/7/2016     EUR      65.13
Northland Resources     12.25   3/26/2016     USD       0.33
Sovcombank ICB JSC      12.50   6/20/2016     RUB      60.01
DeltaCredit Bank        11.75   11/2/2016     RUB      60.20
Kommunekredit            0.50   2/20/2020     BRL      57.08
Erste Group Bank AG      2.90  10/20/2022     EUR      70.40
Kommunalbanken AS        0.50   2/23/2018     BRL      74.79
Lehman Brothers Trea     6.30  12/21/2018     USD       1.72
JP Morgan Structured    12.00  11/24/2021     ZMW
Vontobel Financial P     6.70   4/22/2016     EUR      68.62
MORTGAGE AGENT AHML      8.50    9/9/2045     RUB      57.00
Province of Milan It     0.30  12/22/2033     EUR      73.14
KPNQwest NV              8.13    6/1/2009     USD       0.54
Lehman Brothers Trea     1.46   2/19/2012     JPY      13.75
DZ Bank AG Deutsche      3.00  12/28/2015     EUR      58.24
HSBC Bank PLC            0.50   12/8/2026     AUD      61.87
HSBC Bank PLC            0.50  10/30/2026     NZD      56.10
UniCredit Bank Austr     0.46  12/27/2026     EUR      73.13
Lehman Brothers Trea     5.00    5/2/2022     EUR       3.01
Barclays Bank PLC        8.50   9/16/2016     USD       8.53
Bayerische Landesban     5.00  10/17/2016     EUR      59.80
Bank UralSib PJSC       14.00   8/25/2017     RUB      70.31
Municipality Finance     0.50   2/22/2019     IDR      72.22
UKRLANDFARMING PLC      10.88   3/26/2018     USD      48.75
Municipality Finance     0.50   6/19/2024     ZAR      43.67
Lehman Brothers Trea     6.00   3/18/2015     USD      13.75
Vnesheconombank          2.00   6/18/2021     RUB      55.26
Codere Finance Luxem     8.25   6/15/2015     EUR      72.13
Glitnir HF               4.75  10/15/2010     USD      27.13
KA Finanz AG             4.90   6/23/2031     EUR      64.13
Landesbank Hessen-Th     5.50   5/27/2016     EUR      64.40
Municipiul Timisoara     1.03   5/15/2026     RON      65.12
Credit Suisse AG/Lon     8.25   1/28/2016     USD      57.60
Glitnir HF               5.44  12/22/2015     USD      27.13
MT-Energie GmbH & Co     8.25    4/4/2017     EUR      10.15
Transcapitalbank JSC    12.50   3/15/2016     RUB      60.01
Pongs & Zahn AG          8.50                 EUR       0.50
Cerruti Finance SA       6.50   7/26/2004     EUR       1.28
Czerwona Torebka SA      6.81   4/15/2016     PLN      60.01
WGF Westfaelische Gr     6.35   12/1/2016     EUR       6.80
HSBC Bank PLC            0.50   2/24/2027     NZD      55.01
Banque Cantonale Vau     6.13   9/20/2016     USD      59.66
Credit Suisse AG/Lon     9.50  12/29/2015     USD      60.00
Novikombank ZAO         14.25   6/12/2020     RUB      60.00
HSBC Bank PLC            0.50   5/31/2019     IDR      70.83
Espirito Santo Finan     5.05  11/15/2025     EUR       0.92
Salvator Grundbesitz     9.50  12/31/2021     EUR      10.00
Mobile TeleSystems P     5.00   6/29/2021     RUB      67.75
Region of Molise Ita     0.36  12/15/2033     EUR      67.25
Vontobel Financial P    17.75   1/22/2016     EUR      72.90
HSBC Bank PLC            0.50   12/2/2022     AUD      76.39
HSBC Bank PLC            0.50    2/2/2023     AUD      75.94
Rusfinans Bank OOO      12.10   9/29/2020     RUB      61.01
Barclays Bank PLC        9.00   5/31/2016     USD       2.69
Rusfinans Bank OOO      11.40   10/2/2019     RUB      60.20
KPNQwest NV              7.13    6/1/2009     EUR       0.54
Bank Julius Baer & C     7.76   3/24/2016     CHF      73.05
Deutsche Bank AG/Lon     0.50   10/5/2021     IDR      53.92
AK BARS Bank PJSC       15.00   3/16/2016     RUB      60.67
Heta Asset Resolutio     0.83   5/28/2017     EUR      66.38
DekaBank Deutsche Gi     0.12   6/23/2034     EUR      67.02
Heta Asset Resolutio     0.21    4/9/2018     EUR      66.38
Locko-Bank ZAO          14.00   7/17/2018     RUB      60.00
UBS AG/London            9.00   2/11/2016     CHF      73.92
Societe Generale SA     12.80  12/30/2015     USD      20.87
Leonteq Securities A    15.00    3/9/2016     USD      73.23
DekaBank Deutsche Gi     3.80   9/25/2024     EUR      64.51
Municipality Finance     0.50    8/8/2029     NZD      56.15
Eksportfinans ASA        0.50    5/9/2030     CAD      22.13
Deutsche Bank AG/Lon     0.60    2/1/2016     EUR      67.00
Astana Finance BV        9.00  11/16/2011     USD      16.00
Heta Asset Resolutio     0.22   3/10/2018     EUR      66.38
Rinol AG                 5.50  10/15/2006     DEM       0.00
Exane Finance            5.00  12/20/2019     SEK      60.44
Glitnir HF              10.00   6/28/2017     USD      27.13
Heta Asset Resolutio     0.37   3/29/2017     EUR      66.38
Lehman Brothers Trea     5.50   6/22/2010     USD      16.25
Barclays Bank PLC       11.00   5/31/2016     USD       6.38
Lehman Brothers Trea     3.20   3/19/2018     JPY       3.01
Lehman Brothers Trea     5.00   5/12/2011     CHF       3.01
Heta Asset Resolutio     0.69   9/20/2017     EUR      16.88
Societe Generale SA      0.50   6/12/2023     RUB      47.31
Svensk Exportkredit      0.50   8/28/2020     TRY      59.68
Lehman Brothers Trea     1.28   11/6/2010     JPY      13.75
Santander Finance Ca     2.00                 USD      40.13
Lehman Brothers Trea     6.00   2/14/2012     EUR       3.01
HSBC Trinkaus & Burk     5.00    7/1/2016     EUR      63.64
HC Finance OOO           8.25  11/26/2021     RUB      59.01
Atari SA                 0.10    4/1/2020     EUR       2.50
RSL Communications P    10.13    3/1/2008     USD       0.00
Deutsche Bank AG         6.20   6/21/2016     EUR      63.10
WGF Westfaelische Gr     6.35    8/1/2017     EUR       2.07
Russian Railways JSC    12.40   2/28/2040     RUB      60.01
Municipiul Timisoara     1.03   5/12/2026     RON      64.50
Rusfinans Bank OOO      12.00   6/30/2020     RUB      61.01
Ashinskiy metallurgi    16.50   6/17/2024     RUB      60.16
Glitnir HF               6.84  12/15/2015     EUR       0.02
KPNQwest NV              8.88    2/1/2008     EUR       0.54
Espirito Santo Finan     5.63   7/28/2017     EUR       3.16
Wlodarzewska SA          9.23   5/15/2016     PLN      20.00
Credit Suisse AG/Lon    10.50   6/20/2016     USD      35.55
HSBC Bank PLC            0.50   1/29/2027     NZD      54.83
Svensk Exportkredit      0.50   4/25/2019     BRL      62.10
Societe Generale SA      0.50   4/30/2023     RUB      47.94
BKN biostrom AG          7.50    6/5/2016     EUR       2.01
Mriya Agro Holding P    10.95   3/30/2016     USD      13.75
Heta Asset Resolutio     4.54   9/22/2017     EUR      66.38
Lehman Brothers Trea     6.65   8/24/2011     AUD      13.75
Kommunekredit            0.50   9/19/2019     BRL      61.23
KPNQwest NV              8.88    2/1/2008     EUR       0.54
Bank Nederlandse Gem     0.50   8/15/2022     ZAR      53.81
Credit Agricole Corp     0.50    3/6/2023     RUB      48.80
SAir Group               0.13    7/7/2005     CHF      11.00
Immigon Portfolioabb     4.26   3/22/2024     EUR      54.50
SU-155 KAPITAL OOO      13.25   2/23/2016     RUB       8.05
Southern Urals Co fo    10.00   2/23/2016     RUB      60.01
EFG International Fi     7.20   2/25/2019     EUR      53.07
Ingra DD                 6.13   12/6/2016     HRK      12.99
KPNQwest NV              7.13    6/1/2009     EUR       0.54
Fonciere Volta SA        4.50   7/30/2020     EUR       2.52
SG Issuer SA             3.40   7/10/2019     EUR      74.77
Heta Asset Resolutio     6.94   6/10/2017     EUR      66.38
Bulgaria Steel Finan    12.00    5/4/2013     EUR       0.59
Europlan PAO            12.50  10/31/2017     RUB      60.04
Windreich GmbH           6.75    3/1/2015     EUR      10.88
Salvator Grundbesitz     9.50                 EUR      38.00
Immigon Portfolioabb     5.45    8/2/2019     EUR      72.70
Lehman Brothers Trea     8.25    2/3/2016     EUR       3.01
Glitnir HF               5.86   7/28/2016     GBP      27.13
Nordea Bank Finland      8.00   9/10/2016     SEK      72.50
Heta Asset Resolutio     0.21    3/4/2018     EUR      66.38
Immigon Portfolioabb     0.41   3/14/2020     EUR      70.41
Heta Asset Resolutio     0.07   2/17/2017     EUR      64.50
MirLand Development      7.21   5/31/2020     ILS      26.34
Immigon Portfolioabb     0.83   2/11/2019     EUR      66.38
Vontobel Financial P     5.60  12/29/2015     EUR      39.39
Locko-Bank ZAO          14.50   9/22/2025     RUB      60.00
Medved-Finans OOO       15.00   8/22/2016     RUB      60.10
Barclays Bank PLC        0.50   3/13/2023     RUB      48.80
OT-Optima Telekom DD     5.25   5/30/2022     HRK      50.00
Anglian Water Servic     1.09   1/26/2057     GBP      70.05
Heta Asset Resolutio     0.37   3/29/2017     EUR      66.38
BNP Paribas Emission     2.35   6/30/2021     EUR      71.38
KIT Finance Capital     10.00  10/26/2016     RUB      60.01
Immigon Portfolioabb     3.50   5/23/2022     EUR      55.50
Heta Asset Resolutio     3.72   3/15/2017     EUR      66.38
Lehman Brothers Trea     4.00   4/13/2011     CHF       3.01
Union Technologies I     0.10    1/1/2020     EUR       5.30
UBS AG                   5.25  12/29/2015     EUR      66.06
RSL Communications P    10.50  11/15/2008     USD       0.00
Barclays Bank PLC        3.50    2/5/2016     EUR      63.18
Ipotechny Agent AK B     3.00   5/10/2047     RUB      52.34
Exane Finance            6.25  12/20/2019     SEK      67.88
Russian Railways JSC    12.40   5/30/2040     RUB       8.65
LBBW                     4.00   4/22/2016     EUR      70.97
Lehman Brothers Trea    10.00    1/3/2012     BRL       3.01
SAir Group               2.13   11/4/2004     CHF      10.88
Raiffeisenbank AO       11.35   6/11/2018     RUB      60.01
Rena Lange Holding G     8.00  12/12/2017     EUR       0.63
Province of Treviso      0.18  12/31/2034     EUR      71.24
Landeskreditbank Bad     0.50   5/10/2027     CAD      75.21
Province of Rovigo I     0.20  12/28/2035     EUR      71.40
Lehman Brothers Trea     4.35    8/8/2016     SGD      13.75
LBI HF                   6.10   8/25/2011     USD      11.38
Kommunalkredit Austr     0.47  10/25/2021     EUR      43.88
Lehman Brothers Trea     4.10   5/20/2009     USD       3.01
Orient Express Bank     15.00   7/17/2018     RUB      60.01
Credit Suisse AG/Lon    10.25   5/31/2016     USD      34.30
Societe Generale SA     16.40   1/12/2016     USD      42.53
Heta Asset Resolutio     0.24   3/12/2043     EUR      62.88
Lehman Brothers Trea     8.00   3/19/2012     USD       3.01
Municipality Finance     0.50  11/25/2020     ZAR      62.88
Heta Asset Resolutio     4.07   3/21/2017     EUR      66.38
Immigon Portfolioabb     4.50    9/7/2020     EUR      25.00
Immigon Portfolioabb     4.90   8/18/2025     EUR      61.30
Agrokompleks OOO        12.50   12/8/2022     RUB      60.10
COFIDUR SA               0.10  12/31/2024     EUR      15.00
Lloyds Bank PLC          0.50   7/26/2028     MXN      43.56
Northland Resources     15.00   7/15/2019     USD       0.33
Banque Cantonale Vau     7.25    3/3/2016     CHF      53.42
Banque Cantonale Vau     8.20    3/3/2016     USD      54.37
UBS AG                  18.25   3/29/2016     EUR      49.92
Raiffeisen Versicher     5.08                 EUR      26.50
Rosselkhozbank OJSC     11.90    2/9/2018     RUB      61.01
Norddeutsche Landesb     5.00    6/3/2016     EUR      59.55
Rostelecom PJSC         11.70   5/20/2025     RUB      60.01
UniCredit Bank AG        5.00  10/18/2024     EUR      71.27
Sidetur Finance BV      10.00   4/20/2016     USD       5.88
Credit Suisse AG/Lon     8.00  11/29/2019     USD       6.30
Lehman Brothers Trea     4.00   2/28/2010     EUR       3.01
DekaBank Deutsche Gi     5.15   12/9/2016     EUR      66.34
UniCredit Bank AG        4.00   6/24/2016     EUR      62.80
Rusfinans Bank OOO      13.90   4/24/2018     RUB      63.01
Societe Generale SA     13.25  12/29/2015     USD      19.42
MirLand Development      6.50   1/31/2016     ILS      35.00
Societe Generale SA     11.00   5/11/2016     USD      62.58
Landesbank Hessen-Th     3.83   8/18/2016     EUR      72.75
Cooperatieve Central     0.50  12/29/2027     MXN      44.35
Windreich GmbH           6.25    3/1/2015     EUR      10.88
Sviaz Bank OAO          12.25   4/13/2022     RUB      60.31
Glitnir HF               4.75  10/15/2010     USD      27.13
Lehman Brothers Trea     5.00    9/1/2011     EUR       3.01
Province of Brescia      0.35   6/30/2036     EUR      70.91
HSBC Bank PLC            0.50   11/9/2018     IDR      75.42
Vontobel Financial P    12.15  12/28/2015     EUR      52.43
HSBC Trinkaus & Burk    11.50   6/24/2016     EUR      67.84
United Confectioners    10.50    4/3/2023     RUB      59.03
Commerzbank AG           7.00   9/13/2016     EUR      71.20
Lehman Brothers Trea     5.00   8/16/2017     EUR      13.75
LBI HF                   7.43                 USD       0.00
Nutritek Internation     8.75  12/11/2008     USD       2.00
BNP Paribas Emission    29.00   3/24/2016     EUR      70.44
Lehman Brothers Trea    13.00   2/16/2009     CHF       3.01
Norddeutsche Landesb     3.50    1/4/2016     EUR      51.55
Sovcombank ICB JSC      13.50    2/7/2019     RUB      60.40
Svensk Exportkredit      0.50   6/29/2029     AUD      67.17
Heta Asset Resolutio     0.11   5/17/2017     EUR      66.38
EDOB Abwicklungs AG      7.50    4/1/2012     EUR       0.50
Lehman Brothers Trea     7.38   9/20/2008     EUR       3.01
Dresdner Bank AG         0.58  11/19/2029     EUR      66.38
Province of Brescia      0.25  12/22/2036     EUR      70.21
Societe Generale SA     12.50   4/29/2016     USD      46.60
Vontobel Financial P    20.00   6/24/2016     EUR      65.52
Commerzbank AG          10.00   5/26/2016     EUR      64.59
Societe Generale SA      0.50    4/3/2023     RUB      48.52
Societe Generale SA     13.05   1/14/2016     USD      21.17
Svensk Exportkredit      0.50   8/28/2018     BRL      68.55
Immigon Portfolioabb     3.50   1/14/2019     EUR      75.75
Heta Asset Resolutio     5.04   2/15/2023     EUR      66.38
Lehman Brothers Trea     4.10   6/10/2014     SGD      16.25
Lehman Brothers Trea     4.00   7/20/2012     EUR       3.01
Lehman Brothers Trea     4.00   7/27/2011     EUR       3.01
Lehman Brothers Trea     2.50   11/9/2011     CHF       3.01
Vontobel Financial P     6.00   5/27/2016     EUR      42.78
Araratbank OJSC          8.00   6/10/2018     USD      25.36
Lehman Brothers Trea     5.55   3/12/2015     EUR       3.01
HSBC Bank PLC            0.50  12/20/2018     RUB      73.23
Heta Asset Resolutio     3.90   1/24/2017     EUR      64.75
Lehman Brothers Trea     5.00   3/18/2015     EUR      13.75
Freshwater Finance P     6.18   4/20/2035     GBP      64.00
Heta Asset Resolutio     5.80   6/17/2017     EUR      66.38
Haltdalen Sparebank      2.41                 NOK      55.71
Lehman Brothers Trea    10.44  11/22/2008     CHF       3.01
Vontobel Financial P     6.00    9/2/2016     EUR      72.47
Property Lease Fund      9.00   9/17/2016     PLN      15.10
Svensk Exportkredit      0.50   8/25/2021     ZAR      57.75
Barclays Bank PLC        7.30   4/16/2029     USD      74.00
BNP Paribas SA           0.50    5/6/2021     MXN      71.02
Kerdos Group SA          8.00   3/31/2016     PLN      47.50
Russian Highways        12.40   4/22/2042     RUB       7.78
Lehman Brothers Trea     4.10   2/19/2010     EUR       3.01
Lehman Brothers Trea     5.00   4/24/2017     EUR       3.01
DekaBank Deutsche Gi     2.10   3/25/2020     EUR      71.13
Banque Cantonale Vau     1.00    7/7/2016     CHF      11.43
Credit Suisse AG/Lon    10.00   8/29/2016     USD      51.00
ENEL RUSSIA PJSC        12.10   5/22/2025     RUB      60.01
HSBC Bank PLC            0.50  10/30/2018     IDR      75.44
Svensk Exportkredit      0.50   8/29/2029     AUD      67.59
Lehman Brothers Trea     7.75   2/21/2016     EUR       3.01
HSBC Bank PLC            0.50   4/27/2027     NZD      54.16
Municipality Finance     0.50   5/31/2022     ZAR      51.26
Credit Suisse AG/Lon     1.64    6/1/2042     USD      53.45
Lehman Brothers Trea     3.86   9/21/2011     SGD      16.25
Leonteq Securities A     6.89  12/30/2015     USD      48.39
Heta Asset Resolutio     0.20   8/28/2017     EUR      66.38
UniCredit Bank AG        0.61  11/19/2029     EUR      73.00
Societe Generale SA      0.50   5/30/2023     MXN      62.92
Societe Generale Eff     2.50   10/7/2016     EUR      59.14
Svensk Exportkredit      0.50  12/17/2027     USD      73.58
UniCredit Bank AG        4.80   3/24/2016     EUR      64.84
HSBC Bank PLC            0.50   4/11/2023     MXN      63.48
Nota-Bank OJSC          13.50    4/1/2016     RUB       4.40
Leonteq Securities A     8.25   2/23/2016     EUR      57.51
Bank Julius Baer & C     6.80    1/6/2016     EUR      45.60
Heta Asset Resolutio     0.20    4/2/2018     EUR      66.38
Lehman Brothers Trea    15.00   3/30/2011     EUR       3.01
Lehman Brothers Trea     4.25   5/15/2010     EUR       3.01
SAir Group               5.50   7/23/2003     CHF      10.88
Lehman Brothers Trea     7.60   3/26/2009     EUR       3.01
Property Lease Fund      9.01    6/5/2016     PLN      21.00
Immigon Portfolioabb     0.77  10/15/2019     EUR      63.50
Immigon Portfolioabb     4.81   7/29/2025     EUR      61.00
Lehman Brothers Trea     7.00   4/14/2009     EUR       3.01
Barclays Bank PLC        0.50   4/24/2023     MXN      61.50
RSL Communications P     9.13    3/1/2008     USD       0.00
UBS AG                  22.25   3/29/2016     EUR      43.87
Heta Asset Resolutio     0.20   7/28/2017     EUR      66.38
HSBC Bank PLC            0.50   7/30/2019     IDR      69.59
Lehman Brothers Trea    16.80   8/21/2009     USD       3.01
Raiffeisen Centroban     7.00   8/22/2016     EUR      43.60
KA Finanz AG             4.44  12/20/2030     EUR      60.38
Credit Suisse AG/Lon     7.50   3/21/2016     EUR      73.16
Landesbank Hessen-Th     4.00    8/5/2016     EUR      69.20
UBS AG/London            6.50   6/10/2016     USD      63.77
Raiffeisen Centroban     6.70   3/13/2017     EUR      64.29
UBS AG                   8.88   2/26/2016     USD       8.55
Bank Julius Baer & C    11.50    3/4/2016     USD      73.70
UniCredit Bank AO       10.50    8/6/2019     RUB      60.01
Deutsche Bank AG         5.20   3/23/2016     EUR      74.64
ECM Real Estate Inve     5.00   10/9/2011     EUR      10.38
Lehman Brothers Trea     8.80  12/27/2009     EUR       3.01
Lehman Brothers Trea     7.50    5/2/2017     EUR       3.01
Akademiska Hus AB        2.08   4/17/2045     SEK      68.09
Lehman Brothers Trea     7.00   2/15/2010     CHF       3.01
Vontobel Financial P     5.00    7/1/2016     EUR      55.21
iMoneyBank KB OOO       16.00  10/27/2016     RUB      60.00
Lehman Brothers Trea     3.00   9/13/2010     JPY      13.75
Heta Asset Resolutio     0.07   7/18/2017     EUR      66.38
Heta Asset Resolutio     0.04    8/1/2017     EUR      66.38
Societe Generale SA      5.99    2/9/2016     USD      51.64
RESO-Garantia Insura    14.00   9/13/2022     RUB      61.01
Oberoesterreichische     0.32   11/6/2030     EUR      65.75
UniCredit Bank AG        4.00   3/21/2017     EUR      72.88
Heta Asset Resolutio     0.22   2/10/2018     EUR      66.38
Heta Asset Resolutio     4.70    4/2/2018     EUR      66.38
Heta Asset Resolutio     0.20    7/1/2017     EUR      66.38
HSBC Bank PLC            0.50   5/29/2020     IDR      64.32
Lehman Brothers Trea     5.50    7/8/2013     EUR       3.01
UBS AG/London           16.50   6/24/2016     EUR      72.67
Leonteq Securities A    20.00    2/5/2016     CHF      49.57
Leonteq Securities A     3.22   11/8/2016     USD      68.18
Bank J Safra Sarasin    11.02  12/30/2015     EUR      39.42
Bank Nederlandse Gem     0.50   9/20/2022     ZAR      52.66
Banque Cantonale Vau     6.00   2/19/2016     CHF      72.08
DekaBank Deutsche Gi     3.90   5/18/2016     EUR      61.10
Municipality Finance     0.50  12/15/2020     BRL      53.64
Melhus Sparebank         2.70   9/16/2024     NOK      75.36
Kerdos Group SA          8.00   4/30/2016     PLN      49.00
Heta Asset Resolutio     5.68    7/5/2017     EUR      66.38
Lehman Brothers Trea    12.22  11/21/2017     USD       3.01
Bank Otkritie Financ    12.20    4/7/2020     RUB      60.42
Credit Suisse AG/Nas     5.50   6/13/2016     CHF      68.79
Notenstein Finance G     4.00   9/14/2016     EUR      67.57
Credit Suisse AG/Nas     8.25   1/11/2016     CHF      24.27
SG Issuer SA             6.65  10/10/2021     EUR      67.37
DekaBank Deutsche Gi     2.50   6/25/2020     EUR      72.22
DekaBank Deutsche Gi     3.17   9/23/2022     EUR      69.45
Kommunalbanken AS        0.50   11/8/2018     BRL      68.81
Lehman Brothers Trea     5.50   4/23/2014     EUR       3.01
Polski Bank Spoldzie     5.30   9/14/2027     PLN      60.00
KFW                      0.25   10/6/2036     CAD      38.91
Skue Sparebank           2.27                 NOK      74.98
Konservenfabrik Zach     8.00    4/1/2016     EUR       0.00
Leonteq Securities A     6.00   9/26/2016     CHF      72.67
Lehman Brothers Trea     7.25   10/6/2008     EUR       3.01
Lehman Brothers Trea     7.59  11/22/2009     MXN      13.75
DekaBank Deutsche Gi     7.15  10/27/2017     EUR      49.51
Immigon Portfolioabb     3.09  10/15/2020     EUR      63.75
NIBC Bank NV            25.98    5/7/2029     EUR      67.34
UniCredit Bank Austr     0.34   1/24/2031     EUR      66.50
Heta Asset Resolutio     0.21   8/21/2017     EUR      66.38
Societe Generale Eff     5.00   11/7/2016     EUR      69.73
Vontobel Financial P     7.00   4/22/2016     EUR      45.87
DZ Bank AG Deutsche      6.75   6/20/2016     EUR      71.62
Goldman Sachs & Co W    24.00   1/20/2016     EUR      40.89
Goldman Sachs & Co W     9.00   1/20/2016     EUR      57.11
Barclays Bank PLC        0.50   1/28/2033     MXN      30.25
Immigon Portfolioabb     4.21   1/25/2033     EUR      35.00
Vontobel Financial P     9.00  12/30/2015     EUR      70.13
Lehman Brothers Trea     2.40   6/20/2011     JPY       3.01
Lehman Brothers Trea     1.60   6/21/2010     JPY       3.01
Svensk Exportkredit      0.50   3/28/2029     AUD      66.91
Kerdos Group SA          8.00   5/31/2016     PLN      59.00
Lehman Brothers Trea     7.63   7/22/2011     HKD       3.01
DekaBank Deutsche Gi     4.05   5/13/2016     EUR      52.20
DekaBank Deutsche Gi     3.05   3/25/2025     EUR      60.65
Lehman Brothers Trea     6.00    3/4/2015     USD       3.01
SG Issuer SA             5.05   4/10/2025     EUR      55.56
SAir Group               5.13    3/1/2003     CHF      11.00
Delta-Finance OOO       10.00   1/19/2021     RUB      55.25
BNP Paribas SA           0.50  11/16/2032     MXN      32.14
Glitnir HF               5.86   7/28/2016     GBP      27.13
Glitnir HF               6.31   7/28/2011     USD      27.13
Province of Teramo I     0.15  12/30/2030     EUR      75.59
UBS AG                  14.50  12/29/2015     EUR      60.97
UBS AG                  23.75  12/29/2015     EUR      44.86
UBS AG                  25.00  12/29/2015     EUR      36.80
Heta Asset Resolutio     0.16   5/17/2017     EUR      66.38
Heta Asset Resolutio     4.40   6/20/2017     EUR      66.38
Efesk Group             13.25   6/14/2016     RUB      31.00
HSBC Bank PLC            0.50    6/9/2023     MXN      62.69
HSBC Bank PLC            0.50   6/28/2019     IDR      70.73
Leonteq Securities A    29.61  10/26/2017     EUR      14.77
Lehman Brothers Trea     4.05   9/16/2008     EUR       3.01
Bamble Sparebank         2.36                 NOK      56.38
DekaBank Deutsche Gi     3.00  10/12/2020     EUR      72.30
Credit Suisse AG/Lon     7.00   2/16/2016     USD      66.78
Commerzbank AG           4.40   4/29/2019     EUR      73.82
UBS AG/London            6.00    6/3/2016     EUR      57.26
UniCredit Bank AG        4.95   3/24/2016     EUR      67.12
UBS AG/London            7.00   5/22/2017     CHF      62.91
Zurcher Kantonalbank    10.90    6/3/2016     CHF      62.49
UniCredit Bank AG        5.40   6/30/2017     EUR      68.81
Municipality Finance     0.50  11/21/2018     TRY      72.83
Municipality Finance     0.50    5/8/2029     AUD      56.73
Commerzbank AG           2.00    2/3/2016     EUR      39.38
Societe Generale Eff     4.08    1/6/2016     EUR      60.29
Societe Generale Eff     5.32    7/1/2016     EUR      64.38
Immigon Portfolioabb     2.00   4/24/2020     EUR      63.13
EFG International Fi     8.99    9/4/2017     EUR      49.67
EFG International Fi     7.20   2/25/2019     EUR      47.48
Heta Asset Resolutio     0.20   4/22/2018     EUR      66.38
Araratbank OJSC          8.50   6/13/2016     USD      25.24
Kaupthing Bank Hf        3.75   2/15/2024     ISK      17.50
ECM Real Estate Inve     5.00   10/9/2011     EUR      10.38
Lehman Brothers Trea     5.50  11/30/2012     CZK       3.01
Credit Suisse AG/Nas     5.00    6/6/2016     CHF      66.08
Kardan NV                6.33   2/25/2018     ILS      70.00
Lehman Brothers Trea     8.00   2/16/2016     EUR       3.01
Lehman Brothers Trea     7.05    4/8/2015     USD       3.01
UniCredit Bank AG        5.00   6/23/2016     EUR      63.91
UniCredit Bank AG        6.21    7/4/2016     EUR      63.84
Otkritie Holding OAO    12.50    8/2/2018     RUB      60.11
Municipality Finance     0.50   5/29/2018     BRL      73.90
Delta-Finance OOO       10.00  12/17/2020     RUB      60.02
SG Issuer SA             3.00   7/10/2020     EUR      73.38
Immigon Portfolioabb     1.26    2/8/2019     EUR      69.25
Immigon Portfolioabb     1.52   2/19/2018     EUR      78.00
Lehman Brothers Trea    10.00   5/22/2009     USD       3.01
Lehman Brothers Trea     4.60    8/1/2013     EUR       3.01
Strommen Sparebank       2.37                 NOK      47.31
Glitnir HF               5.24  12/22/2010     USD      27.13
Municipality Finance     0.50   4/26/2022     ZAR      52.07
Svensk Exportkredit      0.50   6/28/2022     ZAR      50.95
Heta Asset Resolutio     0.08   8/11/2017     EUR      66.38
Province of Treviso      0.28  12/31/2034     EUR      72.88
Lehman Brothers Trea     2.75  10/28/2009     EUR       3.01
Lehman Brothers Trea     4.70   3/23/2016     EUR       3.01
Lehman Brothers Trea     5.10   6/22/2046     EUR       3.01
Lehman Brothers Trea     5.00  10/24/2008     CHF       3.01
Province of Treviso      0.05  12/31/2034     EUR      69.74
Lehman Brothers Trea     8.05  12/20/2010     HKD       3.01
Heta Asset Resolutio     0.17   5/10/2017     EUR      66.38
Glitnir HF               6.00  12/10/2009     ISK       0.02
Heta Asset Resolutio     0.08    2/9/2017     EUR      66.38
Lehman Brothers Trea     5.22    3/1/2024     EUR       3.01
RSL Communications P     9.88  11/15/2009     USD       0.00
Raiffeisen Centroban     5.00   4/18/2016     EUR      63.08
Immigon Portfolioabb     1.75    9/9/2020     EUR      59.75
Municipiul Timisoara     1.03   5/15/2026     RON      64.50
Lehman Brothers Trea     7.25   6/20/2010     USD       3.01
DZ Bank AG Deutsche      8.00   9/23/2016     EUR      70.59
Lehman Brothers Trea     8.00   5/22/2009     USD       3.01
Lehman Brothers Trea    23.30   9/16/2008     USD       3.01
DekaBank Deutsche Gi     4.15   1/28/2016     EUR      73.27
Leonteq Securities A     4.40   8/28/2017     CHF      69.21
Raiffeisen Centroban     7.25   9/26/2016     EUR      41.69
DZ Bank AG Deutsche      4.00    5/6/2016     EUR      67.94
Bank Julius Baer & C     5.50   4/22/2016     USD      73.60
Western High-Speed D     9.15    2/6/2032     RUB      58.00
Bank Julius Baer & C    12.50   6/20/2016     USD      53.90
Bank Julius Baer & C    10.00   6/13/2016     USD      62.80
WGZ-Bank AG Westdeut     6.00   2/22/2016     EUR      59.44
Landesbank Hessen-Th     3.30  10/10/2016     EUR      74.70
Araratbank OJSC          7.25   6/27/2018     USD      25.30
Leonteq Securities A    13.40  12/29/2015     USD      69.47
Leonteq Securities A    14.00  10/24/2016     CHF      72.41
Immigon Portfolioabb     4.20   2/22/2033     EUR      34.88
Leonteq Securities A    10.00   7/28/2016     EUR      73.69
Credit Suisse AG/Lon     7.80   7/31/2020     USD       9.06
Commerzbank AG           5.24   2/16/2017     EUR      68.15
Bank Julius Baer & C    14.00   2/26/2016     USD      42.30
BNP Paribas Emission     2.10  12/30/2020     EUR      72.42
Lehman Brothers Trea     6.60    2/9/2009     EUR       3.01
Oberoesterreichische     0.30   4/25/2042     EUR      51.00
Glitnir HF               6.00  12/15/2012     GBP      27.13
Emova Group              4.30    5/2/2022     EUR       4.72
Lehman Brothers Trea     0.50  12/20/2017     AUD       3.01
Lehman Brothers Trea     0.50  12/20/2017     AUD       3.01
Lehman Brothers Trea     9.30  12/21/2010     EUR       3.01
Lehman Brothers Trea    14.90   9/15/2008     EUR       3.01
Lehman Brothers Trea     7.50   6/15/2017     USD       3.01
Credit Europe Bank L    15.00   3/22/2018     RUB      60.30
PKVIT OOO               11.00  10/14/2020     RUB      63.20
SG Option Europe SA      7.00   9/22/2017     EUR      73.94
Vontobel Financial P     9.55   5/27/2016     EUR      62.98
Credit Suisse AG/Lon     9.00   7/11/2016     USD      33.20
Credit Suisse AG        11.00   3/28/2016     USD       5.71
Kommunalbanken AS        0.50   9/20/2018     BRL      69.86
Phosphorus Holdco PL    10.00    4/1/2019     GBP       1.79
Municipality Finance     0.50   3/17/2025     CAD      74.97
Glitnir HF               5.35   5/11/2010     USD      27.13
Kommunekredit            0.50   5/11/2029     CAD      68.88
Lehman Brothers Trea     4.50  12/30/2010     USD       3.01
Lehman Brothers Trea     5.00    8/1/2025     EUR       3.01
Lehman Brothers Trea     8.50    7/5/2016     EUR      13.75
Glitnir HF               6.31   7/28/2011     USD      27.13
Credit Suisse AG/Nas     7.38   3/18/2016     CHF      72.05
Lehman Brothers Trea     7.50  10/24/2008     USD       3.01
Bayerische Landesban     3.70    6/3/2016     EUR      54.20
Cooperatieve Central     0.50   8/21/2028     MXN      41.87
Nesset Sparebank         2.42                 NOK      57.21
Lehman Brothers Trea     2.00   6/21/2011     EUR       3.01
Lehman Brothers Trea     5.25    4/1/2023     EUR       3.01
DekaBank Deutsche Gi     9.60   7/29/2016     EUR      49.67
Bayerische Landesban     2.20   5/20/2016     EUR      71.86
Reso-Leasing OOO        13.25  10/30/2025     RUB      60.08
Leonteq Securities A    11.00   7/20/2016     EUR      60.17
Leonteq Securities A    11.00    5/4/2016     USD      36.45
SAir Group               2.75   7/30/2004     CHF      10.88
Bayerische Landesban     3.10   11/4/2016     EUR      71.52
Leonteq Securities A     3.50   4/10/2018     EUR      61.51
UniCredit Bank AG        4.00   6/24/2016     EUR      57.21
ECA                      2.50    1/1/2018     EUR      12.00
Commerzbank AG           4.60    4/7/2016     EUR      71.28
DekaBank Deutsche Gi     3.20   1/14/2019     EUR      59.18
UBS AG/London           13.50   2/18/2016     CHF      39.53
DekaBank Deutsche Gi     3.33  10/12/2020     EUR      74.87
Bank Nederlandse Gem     0.50   9/20/2022     MXN      69.92
Lehman Brothers Trea    18.25   10/2/2008     USD       3.01
Lehman Brothers Trea     3.35  10/13/2016     EUR       3.01
Bank MIA OAO            15.00    3/7/2025     RUB      61.01
SG Issuer SA             4.30   7/10/2020     EUR      46.52
Lehman Brothers Trea     6.45   2/20/2010     AUD       3.01
Leonteq Securities A    20.00   9/21/2016     CHF      73.99
Kerdos Group SA          8.00    3/9/2018     PLN      59.00
DekaBank Deutsche Gi     2.70  10/12/2020     EUR      71.30
Svensk Exportkredit      0.50   6/26/2019     TRY      67.35
Ladya Finans LLC        12.00  10/29/2021     RUB      60.00
Deutsche Bank AG         7.20   8/24/2016     EUR      74.60
Lehman Brothers Trea     3.00    8/8/2017     EUR       3.01
Bank Julius Baer & C     5.20   9/25/2017     EUR      73.80
Lehman Brothers Trea     7.00  11/28/2008     CHF       3.01
HSBC Trinkaus & Burk    17.50  12/28/2015     EUR      35.81
UBS AG                   9.00  12/29/2015     EUR      49.48
UBS AG                  14.75  12/29/2015     EUR      72.05
UBS AG                  17.50   3/29/2016     EUR      69.94
Gold-Zack AG             7.00  12/14/2005     EUR      12.30
UBS AG                  21.75   3/29/2016     EUR      30.94
Glitnir HF               5.31  12/24/2012     USD      27.13
Immigon Portfolioabb     1.19    3/1/2018     EUR      77.50
Goldman Sachs & Co W    25.00   1/20/2016     EUR      55.53
UBS AG/London           15.00   6/24/2016     EUR      73.48
UBS AG/London           25.00   3/29/2016     EUR      72.52
Vontobel Financial P    13.45  12/28/2015     EUR      59.29
Vontobel Financial P    18.75  12/28/2015     EUR      52.88
DZ Bank AG Deutsche      6.50  12/28/2015     EUR      65.10
Totens Sparebank         2.75                 NOK      54.81
LBBW                     4.50  12/29/2015     EUR      57.62
Goldman Sachs & Co W    16.00   9/21/2016     EUR      57.83
UTair-Finans OOO         9.50   7/21/2016     RUB       1.00
UniCredit Bank AG        4.00  12/22/2016     EUR      66.73
HSBC Trinkaus & Burk    10.00   3/25/2016     EUR      61.36
Goldman Sachs & Co W    21.00   3/23/2016     EUR      63.81
Goldman Sachs & Co W    14.00  12/21/2016     EUR      67.56
Vontobel Financial P    15.60  12/23/2016     EUR      64.87
UBS AG                   7.50  12/29/2015     EUR      70.97
Commerzbank AG          10.50   6/23/2016     EUR      66.60
Deutsche Bank AG         5.34   6/30/2016     EUR      47.56
Goldman Sachs & Co W    21.00   2/24/2016     EUR      45.72
HSBC Trinkaus & Burk    10.50  12/28/2015     EUR      56.00
HSBC Trinkaus & Burk    15.60  12/28/2015     EUR      67.75
Goldman Sachs & Co W    20.00   1/20/2016     EUR      61.05
Vontobel Financial P     6.00   2/26/2016     EUR      66.72
DZ Bank AG Deutsche      5.00    2/6/2018     EUR      72.78
UBS AG/London            6.10   1/20/2016     EUR      72.14
LBBW                     4.00  10/28/2016     EUR      64.50
Deutsche Bank AG         8.20   6/21/2016     EUR      74.20
HSBC Trinkaus & Burk    17.00   1/27/2017     EUR      70.78
UBS AG                   8.00  12/23/2016     EUR      70.78
Immigon Portfolioabb     5.00  12/12/2018     EUR      79.38
2C Partners SA           9.50   3/17/2017     PLN      70.00
UniCredit Bank AG        4.45   6/23/2016     EUR      66.80
Credit Suisse AG/Nas     8.00  11/21/2016     EUR      66.03
Credit Suisse AG/Nas     8.25    9/5/2016     CHF      67.75
Lehman Brothers Trea     8.28   3/26/2009     USD       3.01
Lehman Brothers Trea     6.85  12/22/2008     EUR       3.01
Lehman Brothers Trea     7.55  12/29/2008     USD       3.01
BNP Paribas Emission     5.30   3/29/2024     EUR      70.36
BNP Paribas SA           0.50   9/29/2029     AUD      59.71
Zapsibcombank PAO       14.85  12/12/2019     RUB      50.00
Eiendomskreditt          4.53                 NOK      68.28
Municipality Finance     0.50   7/30/2029     AUD      64.94
ING Bank NV              5.05   10/7/2024     EUR      54.24
Barclays Bank PLC        2.33    1/2/2041     USD      75.52
Immigon Portfolioabb     1.33   1/28/2019     EUR      69.75
Lehman Brothers Trea    12.00   7/13/2037     JPY       3.01
Lehman Brothers Trea    10.00   6/11/2038     JPY       3.01
Immigon Portfolioabb     5.26    2/5/2025     EUR      56.25
Lehman Brothers Trea     6.60   5/23/2012     AUD       3.01
Lehman Brothers Trea    16.20   5/14/2009     USD       3.01
Lehman Brothers Trea    16.00   11/9/2008     USD       3.01
Immigon Portfolioabb     1.24    3/1/2022     EUR      51.25
Lehman Brothers Trea     9.75   6/22/2018     USD       3.01
Lehman Brothers Trea    17.00    6/2/2009     USD       3.01
Lehman Brothers Trea    13.50    6/2/2009     USD       3.01
Lehman Brothers Trea     3.00    6/3/2010     EUR       3.01
Lehman Brothers Trea    12.40   6/12/2009     USD       3.01
Lehman Brothers Trea     7.60   5/21/2013     USD       3.01
Lehman Brothers Trea    10.00   6/17/2009     USD       3.01
Lehman Brothers Trea     0.50    6/2/2020     EUR       3.01
Lehman Brothers Trea    12.00    7/4/2011     EUR       3.01
Lehman Brothers Trea    16.00  12/26/2008     USD       3.01
Lehman Brothers Trea    13.15  10/30/2008     USD       3.01
Lehman Brothers Trea    14.10  11/12/2008     USD       3.01
Immigon Portfolioabb     0.96    7/3/2019     EUR      66.75
Lehman Brothers Trea     4.10   8/23/2010     USD       3.01
Lehman Brothers Trea     5.12   4/30/2027     EUR       3.01
Lehman Brothers Trea     8.00  12/27/2032     JPY       3.01
Lehman Brothers Trea     1.50    2/8/2012     CHF       3.01
Immigon Portfolioabb     5.05    8/5/2030     EUR      43.13
MirLand Development      8.50   8/31/2016     ILS      39.10
Immigon Portfolioabb     4.50  10/21/2020     EUR      69.50
Lehman Brothers Trea     0.01   9/20/2011     USD       3.01
Lehman Brothers Trea     9.25   6/20/2012     USD       3.01
Immigon Portfolioabb     1.47   5/18/2020     EUR      62.00
HSBC Trinkaus & Burk     3.00   1/29/2016     EUR      67.27
Deutsche Bank AG         5.20   8/24/2016     EUR      73.30
Deutsche Bank AG         5.20  11/23/2016     EUR      74.10
Deutsche Bank AG         5.20   7/26/2017     EUR      74.30
Commerzbank AG           1.00  11/28/2016     EUR      49.81
Barclays Bank PLC        1.64    6/3/2041     USD      70.76
Lehman Brothers Trea     3.82  10/20/2009     USD       3.01
IT Holding Finance S     9.88  11/15/2012     EUR       0.22
Lehman Brothers Trea     5.00   12/6/2011     EUR       3.01
Lehman Brothers Trea     3.63    3/2/2012     EUR       3.01
Lehman Brothers Trea     0.75   3/29/2012     EUR       3.01
Lehman Brothers Trea     4.50    3/7/2015     EUR       3.01
Raiffeisenverband Sa     0.01   2/28/2031     EUR      69.37
Eksportfinans ASA        0.25   7/14/2033     CAD      14.75
Lehman Brothers Trea     7.00   7/11/2010     EUR       3.01
Lehman Brothers Trea     6.00   7/28/2010     EUR       3.01
Lehman Brothers Trea     6.00   7/28/2010     EUR       3.01
Lehman Brothers Trea     7.50    8/1/2035     EUR       3.01
Lehman Brothers Trea     4.90   7/28/2020     EUR       3.01
Lehman Brothers Trea     4.15   8/25/2020     EUR       3.01
Lehman Brothers Trea     6.00   12/6/2016     USD       3.01
Lehman Brothers Trea     6.50   5/16/2015     EUR       3.01
Lehman Brothers Trea     3.50   9/29/2017     EUR       3.01
Lehman Brothers Trea     3.00   8/15/2017     EUR       3.01
Lehman Brothers Trea     3.50   9/19/2017     EUR       3.01
Lehman Brothers Trea    10.00    1/4/2010     USD       3.01
Lehman Brothers Trea     0.50   2/16/2009     EUR       3.01
Lehman Brothers Trea     4.25   3/13/2021     EUR       3.01
Lehman Brothers Trea     6.00   3/17/2011     EUR       3.01
Lehman Brothers Trea     4.70   3/23/2016     EUR       3.01
Lehman Brothers Trea     8.00   4/20/2009     EUR       3.01
Lehman Brothers Trea     2.00  11/16/2009     EUR       3.01
Lehman Brothers Trea     3.70    6/6/2009     EUR       3.01
Lehman Brothers Trea     8.50    7/6/2009     CHF       3.01
Lehman Brothers Trea     4.60    7/6/2016     EUR       3.26
Lehman Brothers Trea     7.50   9/13/2009     CHF       3.01
Lehman Brothers Trea     6.50   7/24/2026     EUR       3.01
Lehman Brothers Trea     4.50    8/2/2009     USD       3.01
Glitnir HF               6.33   7/28/2011     USD      27.13
Leonteq Securities A     4.68   8/29/2017     CHF      49.09
Credit Suisse AG/Nas     7.00    3/9/2016     CHF      68.76
Leonteq Securities A     9.50    9/8/2016     USD      67.22
Leonteq Securities A     8.64    9/8/2016     CHF      71.02
Notenstein La Roche      8.04    3/1/2016     CHF      70.85
DZ Bank AG Deutsche      5.50  12/28/2015     EUR      59.54
DZ Bank AG Deutsche      7.00  12/28/2015     EUR      74.10
Vontobel Financial P     5.60  12/28/2015     EUR      70.04
Vontobel Financial P     7.55  12/28/2015     EUR      66.29
Bank Julius Baer & C     7.00   9/12/2016     CHF      43.20
DZ Bank AG Deutsche      5.50  12/28/2015     EUR      71.56
HSBC Trinkaus & Burk     6.00  12/28/2015     EUR      33.36
HSBC Trinkaus & Burk     5.10  12/28/2015     EUR      33.33
Vontobel Financial P     4.95  12/28/2015     EUR      66.07
Vontobel Financial P     6.30  12/28/2015     EUR      74.76
Vontobel Financial P     5.80  12/28/2015     EUR      40.37
HSBC Trinkaus & Burk     6.00  12/28/2015     EUR      26.59
HSBC Trinkaus & Burk     6.00  12/28/2015     EUR      57.78
HSBC Trinkaus & Burk     6.40  12/28/2015     EUR      63.87
HSBC Trinkaus & Burk     6.00  12/28/2015     EUR      39.19
HSBC Trinkaus & Burk     7.40  12/28/2015     EUR      39.10
HSBC Trinkaus & Burk     6.00  12/28/2015     EUR      21.68
HSBC Trinkaus & Burk     6.00  12/28/2015     EUR      39.48
HSBC Trinkaus & Burk     6.00  12/28/2015     EUR      51.24
Leonteq Securities A     5.99   9/11/2017     EUR      49.60
Vontobel Financial P     5.65   3/11/2016     EUR      65.02
Credit Suisse AG/Nas     8.00   3/16/2016     USD      54.11
Goldman Sachs & Co W     8.00   3/23/2016     EUR      65.98
Goldman Sachs & Co W     6.00   3/23/2016     EUR      70.38
Goldman Sachs & Co W    10.00   3/23/2016     EUR      62.21
Goldman Sachs & Co W     5.00   3/23/2016     EUR      47.05
Goldman Sachs & Co W     6.00   3/23/2016     EUR      45.58
Goldman Sachs & Co W     8.00   3/23/2016     EUR      43.00
Goldman Sachs & Co W     8.00   3/23/2016     EUR      41.48
Goldman Sachs & Co W    10.00   3/23/2016     EUR      39.46
Vontobel Financial P     5.84    9/9/2016     EUR      24.71
Credit Suisse AG/Nas     7.30   3/10/2016     CHF      69.45
Vontobel Financial P     6.95  12/28/2015     EUR      37.70
Notenstein La Roche      6.50   9/19/2016     CHF      74.95
Goldman Sachs & Co W     7.00   3/23/2016     EUR      65.75
Goldman Sachs & Co W     7.00   3/23/2016     EUR      42.76
Goldman Sachs & Co W     5.00   3/23/2016     EUR      65.16
Goldman Sachs & Co W     6.00   3/23/2016     EUR      65.39
Goldman Sachs & Co W     7.00   3/23/2016     EUR      65.63
Goldman Sachs & Co W     5.00   3/23/2016     EUR      40.91
Goldman Sachs & Co W     6.00   3/23/2016     EUR      41.14
Goldman Sachs & Co W     7.00   3/23/2016     EUR      41.38
Goldman Sachs & Co W     7.00   3/23/2016     EUR      41.38
Goldman Sachs & Co W     8.00   3/23/2016     EUR      41.61
Goldman Sachs & Co W     8.00   3/23/2016     EUR      41.61
Goldman Sachs & Co W     8.00   3/23/2016     EUR      41.61
Vontobel Financial P     9.55  12/28/2015     EUR      73.27
Vontobel Financial P     6.15  12/28/2015     EUR      61.37
Vontobel Financial P     8.10  12/28/2015     EUR      35.36
Notenstein La Roche      6.28   3/16/2016     CHF      70.30
BNP Paribas Emission     7.00   1/21/2016     EUR      49.88
BNP Paribas Emission     4.25   1/21/2016     EUR      72.66
Goldman Sachs & Co W    11.00   3/23/2016     EUR      37.49
Goldman Sachs & Co W     9.00   3/23/2016     EUR      39.36
Goldman Sachs & Co W     9.00   3/23/2016     EUR      39.36
Goldman Sachs & Co W     9.00   3/23/2016     EUR      39.36
Notenstein La Roche      5.50   9/26/2016     CHF      66.02
Notenstein La Roche      5.00   9/26/2016     CHF      65.40
DZ Bank AG Deutsche      5.60   3/30/2017     EUR      43.29
Leonteq Securities A    20.00  12/29/2015     CHF      25.39
UniCredit Bank AG        4.00  10/14/2019     EUR      53.89
Vontobel Financial P     6.95  12/28/2015     EUR      61.06
Vontobel Financial P     8.00  12/28/2015     EUR      35.91
Vontobel Financial P     7.65  12/28/2015     EUR      59.10
HSBC Trinkaus & Burk     6.40  12/28/2015     EUR      61.66
HSBC Trinkaus & Burk     8.40  12/28/2015     EUR      73.60
Notenstein La Roche      8.00   10/3/2016     CHF      35.52
Vontobel Financial P     6.30  12/28/2015     EUR      73.58
Vontobel Financial P     4.55  12/28/2015     EUR      73.48
Vontobel Financial P     7.45  12/28/2015     EUR      30.55
Vontobel Financial P     7.20  12/28/2015     EUR      74.05
Vontobel Financial P     7.10  12/28/2015     EUR      69.86
Vontobel Financial P     7.20  12/28/2015     EUR      71.25
Vontobel Financial P     6.00  12/28/2015     EUR      67.68
Vontobel Financial P     3.30  12/28/2015     EUR      66.08
Vontobel Financial P     6.45  12/28/2015     EUR      72.11
Vontobel Financial P     5.40  12/28/2015     EUR      74.28
Leonteq Securities A    16.00  12/29/2015     CHF      65.98
Leonteq Securities A    11.20  12/29/2015     CHF      40.49
Leonteq Securities A     8.20  12/29/2015     CHF      60.94
Deutsche Bank AG         6.20   3/22/2016     EUR      68.10
Deutsche Bank AG         5.20   3/22/2016     EUR      67.80
Deutsche Bank AG         6.20   3/22/2016     EUR      65.70
Deutsche Bank AG         5.20   3/22/2016     EUR      65.50
Deutsche Bank AG         5.20   6/21/2016     EUR      66.00
Deutsche Bank AG         6.20   6/21/2016     EUR      66.50
Deutsche Bank AG         5.20   6/21/2016     EUR      63.80
Deutsche Bank AG         6.20   6/21/2016     EUR      64.30
Deutsche Bank AG         5.20   3/22/2016     EUR      42.50
Deutsche Bank AG         6.20   3/22/2016     EUR      42.70
Deutsche Bank AG         5.20   3/22/2016     EUR      41.10
Deutsche Bank AG         6.20   3/22/2016     EUR      41.30
Deutsche Bank AG         5.20   6/21/2016     EUR      42.40
Deutsche Bank AG         6.20   6/21/2016     EUR      42.90
Deutsche Bank AG         5.20   6/21/2016     EUR      41.10
Deutsche Bank AG         6.20   6/21/2016     EUR      41.60
UniCredit Bank AG        4.00  12/28/2015     EUR      59.94
UniCredit Bank AG        4.00  12/28/2015     EUR      53.52
UniCredit Bank AG        4.00  12/28/2015     EUR      49.25
UniCredit Bank AG        4.20  12/28/2015     EUR      51.94
UniCredit Bank AG        4.10  12/28/2015     EUR      47.44
UniCredit Bank AG        4.00  12/28/2015     EUR      33.16
UniCredit Bank AG        4.40  12/28/2015     EUR      58.45
UniCredit Bank AG        4.20  12/28/2015     EUR      59.19
Notenstein Finance G     8.68    4/1/2016     USD      25.65
Bank Julius Baer & C     4.75  10/10/2016     CHF      74.90
Goldman Sachs & Co W     8.00   3/23/2016     EUR      61.63
Leonteq Securities A    13.60    1/6/2016     CHF      51.63
Leonteq Securities A    12.60    1/6/2016     USD      46.67
Vontobel Financial P     4.05   3/11/2016     EUR      44.99
Vontobel Financial P     3.30   3/11/2016     EUR      46.54
Credit Suisse AG/Nas     7.00   4/14/2016     EUR      60.36
Leonteq Securities A    10.94    4/7/2016     USD      50.23
DZ Bank AG Deutsche      8.50  12/28/2015     EUR      65.14
Leonteq Securities A     9.00    4/8/2016     USD       3.44
Credit Suisse AG/Lon     7.00   4/20/2016     USD      72.32
Notenstein La Roche      8.20  10/20/2016     USD      58.23
Vontobel Financial P     7.25  12/28/2015     EUR      40.39
Lehman Brothers Trea     4.50    3/6/2013     CHF       3.01
Lehman Brothers Trea     4.00   4/24/2009     USD       3.01
Lehman Brothers Trea     9.00   6/13/2009     USD       3.01
Lehman Brothers Trea     9.00   3/17/2009     GBP       3.01
Lehman Brothers Trea     3.85   4/24/2009     USD       3.01
Lehman Brothers Trea    10.50    8/9/2010     EUR       3.01
Lehman Brothers Trea     8.00   5/22/2009     USD       3.01
Lehman Brothers Trea     4.50   7/24/2014     EUR       3.01
Lehman Brothers Trea     5.75   6/15/2009     CHF       3.01
Lehman Brothers Trea    10.00   3/27/2009     USD       3.01
Lehman Brothers Trea     6.00  10/24/2008     EUR       3.01
Lehman Brothers Trea     7.75   1/30/2009     EUR       3.01
Lehman Brothers Trea     0.25   7/21/2014     EUR       3.01
Lehman Brothers Trea     4.95  10/25/2036     EUR       3.01
Lehman Brothers Trea    11.00   6/29/2009     EUR       3.01
Lehman Brothers Trea     8.00    8/3/2009     USD       3.01
Lehman Brothers Trea     5.50   6/15/2009     CHF       3.01
Lehman Brothers Trea     1.50  10/25/2011     EUR       3.01
Lehman Brothers Trea     2.50  12/15/2011     GBP       3.01
Lehman Brothers Trea     4.00  11/24/2016     EUR       3.01
Lehman Brothers Trea    11.00  12/19/2011     USD       3.01
BNP Paribas Emission     9.00   1/21/2016     EUR      42.59
Leonteq Securities A     8.04   4/21/2016     USD      60.36
Leonteq Securities A    12.40   4/27/2016     CHF      50.45
Leonteq Securities A    10.40   4/27/2016     CHF      28.28
Leonteq Securities A    13.60   4/27/2016     USD      53.16
Leonteq Securities A     5.20   11/7/2016     CHF      65.26
Vontobel Financial P     7.95  12/28/2015     EUR      66.12
Vontobel Financial P     6.75  12/28/2015     EUR      45.22
HSBC Trinkaus & Burk     8.70  12/28/2015     EUR      41.80
Leonteq Securities A    12.40    2/3/2016     CHF      26.40
Vontobel Financial P     8.70  12/28/2015     EUR      44.58
Notenstein La Roche     10.00   4/29/2016     CHF      55.79
Goldman Sachs & Co W     4.00   3/23/2016     EUR      69.78
Goldman Sachs & Co W     7.00   3/23/2016     EUR      47.51
Goldman Sachs & Co W    10.00   3/23/2016     EUR      71.32
Goldman Sachs & Co W     5.00   3/23/2016     EUR      57.96
Goldman Sachs & Co W     6.00   3/23/2016     EUR      55.63
Goldman Sachs & Co W     7.00   3/23/2016     EUR      53.51
Goldman Sachs & Co W    10.00   3/23/2016     EUR      48.22
Goldman Sachs & Co W    11.00   3/23/2016     EUR      46.76
DZ Bank AG Deutsche      9.00  12/28/2015     EUR      69.19
Leonteq Securities A     9.07    5/3/2016     GBP      70.14
DekaBank Deutsche Gi     4.00  10/21/2016     EUR      54.21
Leonteq Securities A     3.00   9/19/2019     CHF      69.99
Vontobel Financial P     8.80  12/28/2015     EUR      35.17
Vontobel Financial P     5.45  12/28/2015     EUR      39.00
BNP Paribas Emission     6.25   6/23/2016     EUR      49.16
BNP Paribas Emission     6.75   6/23/2016     EUR      74.25
BNP Paribas Emission     5.75   6/23/2016     EUR      67.56
BNP Paribas Emission     3.75   6/23/2016     EUR      59.75
BNP Paribas Emission     5.00   6/23/2016     EUR      55.25
BNP Paribas Emission     6.75   6/23/2016     EUR      51.76
Vontobel Financial P    10.10  12/28/2015     EUR      67.79
DekaBank Deutsche Gi     8.50  10/27/2016     EUR      45.97
HSBC Trinkaus & Burk    14.20  12/28/2015     EUR      30.71
HSBC Trinkaus & Burk    10.30  12/28/2015     EUR      33.62
HSBC Trinkaus & Burk     6.80  12/28/2015     EUR      36.96
HSBC Trinkaus & Burk    14.40  12/28/2015     EUR      57.71
HSBC Trinkaus & Burk     6.60  12/28/2015     EUR      69.06
HSBC Trinkaus & Burk     7.40   3/25/2016     EUR      70.69
HSBC Trinkaus & Burk     6.30  12/28/2015     EUR      45.30
HSBC Trinkaus & Burk     8.10   3/25/2016     EUR      46.24
HSBC Trinkaus & Burk    17.00  12/28/2015     EUR      33.04
HSBC Trinkaus & Burk    11.90  12/28/2015     EUR      37.60
HSBC Trinkaus & Burk     8.70  12/28/2015     EUR      41.47
HSBC Trinkaus & Burk    14.40  12/28/2015     EUR      73.79
HSBC Trinkaus & Burk    13.50  12/28/2015     EUR      68.06
HSBC Trinkaus & Burk    12.60  12/28/2015     EUR      66.83
HSBC Trinkaus & Burk     7.30  12/28/2015     EUR      74.36
HSBC Trinkaus & Burk    16.10  12/28/2015     EUR      73.35
HSBC Trinkaus & Burk    14.20  12/28/2015     EUR      63.54
HSBC Trinkaus & Burk     8.80  12/28/2015     EUR      69.95
HSBC Trinkaus & Burk    11.90  12/28/2015     EUR      72.38
Goldman Sachs & Co W     4.00   3/23/2016     EUR      45.10
Goldman Sachs & Co W     6.00   3/23/2016     EUR      45.57
Goldman Sachs & Co W     8.00   3/23/2016     EUR      46.04
Goldman Sachs & Co W     9.00   3/23/2016     EUR      46.28
Goldman Sachs & Co W     9.00   3/23/2016     EUR      46.28
Goldman Sachs & Co W     9.00   3/23/2016     EUR      46.28
Goldman Sachs & Co W     6.00   3/23/2016     EUR      70.25
Goldman Sachs & Co W     8.00   3/23/2016     EUR      70.72
Goldman Sachs & Co W     9.00   3/23/2016     EUR      70.96
Goldman Sachs & Co W    11.00   3/23/2016     EUR      66.70
Vontobel Financial P     7.40  12/28/2015     EUR      66.15
UBS AG/London            9.50  12/29/2015     EUR      29.54
UBS AG/London            9.00  12/23/2016     EUR      46.62
UBS AG/London            9.00   3/29/2016     EUR      36.76
UBS AG/London            9.75   3/29/2016     EUR      40.08
UBS AG/London            8.25   3/29/2016     EUR      39.68
UBS AG/London           14.50  12/29/2015     EUR      35.59
UBS AG/London           13.25  12/29/2015     EUR      37.89
UBS AG/London            8.50  12/29/2015     EUR      32.16
UBS AG/London           10.25  12/29/2015     EUR      37.82
Notenstein La Roche      6.20  11/14/2016     CHF      74.86
Goldman Sachs & Co W     7.00   3/23/2016     EUR      70.49
DekaBank Deutsche Gi     3.00   5/15/2018     EUR      74.95
DZ Bank AG Deutsche      5.00   3/29/2016     EUR      70.24
HSBC Trinkaus & Burk    14.50  12/28/2015     EUR      55.85
HSBC Trinkaus & Burk     7.40   3/25/2016     EUR      68.26
HSBC Trinkaus & Burk    14.70  12/28/2015     EUR      35.39
HSBC Trinkaus & Burk     6.20  12/28/2015     EUR      43.56
HSBC Trinkaus & Burk     8.00   3/25/2016     EUR      44.70
HSBC Trinkaus & Burk    12.50  12/28/2015     EUR      68.59
HSBC Trinkaus & Burk    13.70  12/28/2015     EUR      39.50
HSBC Trinkaus & Burk    10.00  12/28/2015     EUR      43.78
HSBC Trinkaus & Burk     6.60  12/28/2015     EUR      49.15
HSBC Trinkaus & Burk    16.10  12/28/2015     EUR      68.56
HSBC Trinkaus & Burk    13.70  12/28/2015     EUR      66.23
HSBC Trinkaus & Burk     9.50  12/28/2015     EUR      71.97
HSBC Trinkaus & Burk    13.40  12/28/2015     EUR      64.63
Credit Suisse AG/Lon     7.00  11/15/2019     USD       9.12
Goldman Sachs & Co W    16.00   3/23/2016     EUR      72.69
Goldman Sachs & Co W    16.00   3/23/2016     EUR      38.67
Goldman Sachs & Co W    14.00   3/23/2016     EUR      70.84
Credit Suisse AG/Nas    14.00   5/12/2016     USD      67.98
BNP Paribas Emission     9.00   1/21/2016     EUR      53.93
BNP Paribas Emission     5.00   6/23/2016     EUR      73.41
BNP Paribas Emission     7.00   6/23/2016     EUR      69.22
BNP Paribas Emission     9.00   6/23/2016     EUR      65.59
BNP Paribas Emission     5.00   6/23/2016     EUR      50.92
BNP Paribas Emission     6.00   6/23/2016     EUR      49.49
BNP Paribas Emission     7.00   6/23/2016     EUR      48.19
BNP Paribas Emission     7.50   6/23/2016     EUR      46.78
BNP Paribas Emission     9.50   6/23/2016     EUR      44.78
Vontobel Financial P     6.05  12/28/2015     EUR      66.09
Vontobel Financial P     8.55  12/28/2015     EUR      40.41
Vontobel Financial P     5.30  12/28/2015     EUR      63.39
Deutsche Bank AG         6.20   6/21/2016     EUR      45.90
Deutsche Bank AG         7.20   6/21/2016     EUR      51.50
Deutsche Bank AG         7.20   6/21/2016     EUR      46.40
Deutsche Bank AG         6.20   6/21/2016     EUR      51.00
Zurcher Kantonalbank     6.50   5/30/2016     CHF      73.22
Leonteq Securities A     6.75   12/5/2016     CHF      72.25
Societe Generale Eff     5.30  12/29/2015     EUR      71.11
Societe Generale Eff     2.76  12/29/2015     EUR      72.85
Societe Generale Eff     4.31  12/29/2015     EUR      68.88
Societe Generale Eff     4.32   3/29/2016     EUR      73.79
Societe Generale Eff     6.15   3/29/2016     EUR      70.16
Notenstein La Roche      8.50  11/28/2016     CHF      31.96
Notenstein La Roche      8.20   5/27/2016     CHF      31.75
Leonteq Securities A     6.00  11/28/2016     CHF      65.78
Credit Suisse AG/Nas     8.25   5/20/2016     USD      70.23
Goldman Sachs & Co W    17.00   3/23/2016     EUR      60.13
Goldman Sachs & Co W     8.00   3/23/2016     EUR      47.75
DZ Bank AG Deutsche      6.50  12/28/2015     EUR      66.55
DZ Bank AG Deutsche      5.50   3/29/2016     EUR      70.37
LBBW                     3.50   9/23/2016     EUR      62.28
LBBW                     5.00   3/29/2016     EUR      47.95
UBS AG                   6.75  12/29/2015     EUR      61.68
Barclays Bank PLC       11.50  10/10/2018     SEK      51.67
DZ Bank AG Deutsche      3.50   9/30/2016     EUR      51.48
LBBW                     5.30   7/22/2016     EUR      72.27
LBBW                     4.80   7/22/2016     EUR      45.62
LBBW                     4.50   6/24/2016     EUR      44.66
LBBW                     5.20   6/24/2016     EUR      67.93
Zurcher Kantonalbank     5.02  10/28/2016     CHF      74.42
Notenstein La Roche      7.40  10/31/2016     CHF      36.58
LBBW                     4.60   6/24/2016     EUR      69.65
UBS AG                  14.75  12/29/2015     EUR      68.09
UBS AG                  13.00  12/29/2015     EUR      72.54
LBBW                     4.45   6/24/2016     EUR      70.59
UBS AG                  14.00  12/29/2015     EUR      63.67
UBS AG                  14.75  12/29/2015     EUR      72.60
LBBW                     4.25   6/24/2016     EUR      71.96
UBS AG                   6.50  12/29/2015     EUR      52.88
UBS AG                  13.50  12/29/2015     EUR      70.37
UBS AG                  22.75  12/29/2015     EUR      24.06
UBS AG                  22.50  12/29/2015     EUR      70.26
UBS AG                  21.00  12/29/2015     EUR      55.87
UBS AG                  10.00  12/29/2015     EUR      41.93
UBS AG                  17.25  12/29/2015     EUR      59.08
UBS AG                  19.75  12/29/2015     EUR      27.05
UBS AG                  20.50  12/29/2015     EUR      40.46
UBS AG                  12.25  12/29/2015     EUR      74.11
UBS AG                  12.00  12/29/2015     EUR      66.64
UBS AG                  20.75  12/29/2015     EUR      56.43
UBS AG                  19.75  12/29/2015     EUR      51.91
UBS AG                  13.50  12/29/2015     EUR      73.74
UBS AG                  11.50  12/29/2015     EUR      73.70
UBS AG                  15.25  12/29/2015     EUR      72.42
UBS AG                   7.00  12/29/2015     EUR      57.88
UBS AG                  12.75  12/29/2015     EUR      67.85
UBS AG                  12.00  12/29/2015     EUR      43.67
UBS AG                  22.25  12/29/2015     EUR      68.88
UBS AG                  19.50  12/29/2015     EUR      65.55
UBS AG                   6.25  12/29/2015     EUR      60.36
UBS AG                  16.25  12/29/2015     EUR      54.68
UBS AG                  15.25  12/29/2015     EUR      57.46
UBS AG                  20.75  12/29/2015     EUR      62.74
UBS AG                   4.25  12/29/2015     EUR      72.96
UBS AG                  15.00  12/29/2015     EUR      64.31
UBS AG                  17.25  12/29/2015     EUR      74.04
LBBW                     4.30   7/22/2016     EUR      65.54
LBBW                     3.80   8/26/2016     EUR      72.72
RSL Communications P    12.00   11/1/2008     USD       0.00
Bank Julius Baer & C     7.30   1/19/2016     CHF      38.95
Bank Julius Baer & C     7.50   1/19/2016     USD      38.95
Credit Suisse AG/Lon     2.75   1/29/2019     SEK      41.40
UBS AG                  24.00  12/29/2015     EUR      36.17
UBS AG                  19.25   3/29/2016     EUR      44.28
UBS AG                  19.75   6/24/2016     EUR      46.26
UBS AG                  18.00   6/24/2016     EUR      48.37
UBS AG                   4.50   6/24/2016     EUR      57.28
UBS AG                  24.50  12/29/2015     EUR      44.47
UBS AG                  19.75   3/29/2016     EUR      51.39
UBS AG                  22.50  12/29/2015     EUR      66.10
UBS AG                  23.00  12/29/2015     EUR      57.88
UBS AG                  16.50   6/24/2016     EUR      37.47
UBS AG                  19.25   6/24/2016     EUR      73.25
UBS AG                   5.50   3/29/2016     EUR      74.71
UBS AG                  14.00   6/24/2016     EUR      63.08
UBS AG                   8.50   3/29/2016     EUR      63.99
UBS AG                  21.25   3/29/2016     EUR      41.82
UBS AG                  15.50   6/24/2016     EUR      74.47
UBS AG                   6.00   6/24/2016     EUR      73.78
UBS AG                   9.50   3/29/2016     EUR      61.17
UBS AG                  23.25  12/29/2015     EUR      70.38
UBS AG                  21.75  12/29/2015     EUR      39.05
UBS AG                  22.50  12/29/2015     EUR      73.30
UBS AG                  11.50   6/24/2016     EUR      42.13
UBS AG                   9.25   3/29/2016     EUR      69.47
UBS AG                  17.25   6/24/2016     EUR      56.38
UBS AG                  13.25   3/29/2016     EUR      56.41
UBS AG                   9.50   6/24/2016     EUR      63.55
UBS AG                  10.25   6/24/2016     EUR      62.39
UBS AG                  11.75   3/29/2016     EUR      59.30
LBBW                     5.00   2/26/2016     EUR      51.50
LBBW                     5.00   2/26/2016     EUR      74.36
UBS AG                   7.00   6/24/2016     EUR      44.95
UBS AG                   5.75   6/24/2016     EUR      51.15
UBS AG                   5.25  12/29/2015     EUR      29.45
UBS AG                   6.50   3/29/2016     EUR      39.22
UBS AG                   9.75  12/29/2015     EUR      71.81
UBS AG                   6.50   3/29/2016     EUR      57.46
UBS AG                  10.00   6/24/2016     EUR      72.75
UBS AG                  11.75  12/29/2015     EUR      70.30
UBS AG                   5.00   6/24/2016     EUR      50.76
UBS AG                  13.25   6/24/2016     EUR      54.47
UBS AG                   5.75   3/29/2016     EUR      44.32
UBS AG                   4.50   6/24/2016     EUR      54.81
UBS AG                  14.75  12/29/2015     EUR      51.56
UBS AG                   4.50  12/29/2015     EUR      71.88
UniCredit Bank Austr     0.44   1/22/2031     EUR      69.13
Lehman Brothers Trea     6.72  12/29/2008     EUR       3.01
Lehman Brothers Trea     7.06  12/29/2008     EUR       3.01
UBS AG                   9.50  12/22/2017     EUR      67.31
UBS AG                  11.75   6/24/2016     EUR      61.66
UBS AG                  20.50   6/24/2016     EUR      50.21
UBS AG                  12.00  12/23/2016     EUR      68.17
UBS AG                  16.75  12/23/2016     EUR      58.59
UBS AG                  11.75  12/22/2017     EUR      70.62
UBS AG                   7.00   3/29/2016     EUR      72.62
UBS AG                  17.00   6/24/2016     EUR      53.31
UBS AG                   7.75  12/22/2017     EUR      73.94
UBS AG                   7.00  12/22/2017     EUR      71.55
UBS AG                   6.75  12/23/2016     EUR      72.37
UBS AG                  10.25  12/22/2017     EUR      69.88
UBS AG                  13.00  12/23/2016     EUR      60.41
UBS AG                   8.50  12/22/2017     EUR      73.00
UBS AG                  11.75  12/22/2017     EUR      66.79
UBS AG                   8.00   3/29/2016     EUR      69.45
UBS AG                  24.25  12/29/2015     EUR      42.38
UBS AG                   9.00   6/24/2016     EUR      67.95
UBS AG                  18.75   6/24/2016     EUR      50.79
UBS AG                   7.25   6/24/2016     EUR      73.27
UBS AG                   4.00  12/23/2016     EUR      58.93
UBS AG                   4.50  12/23/2016     EUR      57.14
UBS AG                  12.50  12/23/2016     EUR      60.82
UBS AG                  10.25  12/22/2017     EUR      66.28
UBS AG                  10.25  12/23/2016     EUR      64.38
UBS AG                  10.25  12/23/2016     EUR      73.51
UBS AG                  13.00  12/22/2017     EUR      74.04
UBS AG                   7.75  12/22/2017     EUR      53.27
UBS AG                  22.50   3/29/2016     EUR      46.47
UBS AG                  10.50  12/22/2017     EUR      73.04
UBS AG                   7.75  12/23/2016     EUR      69.12
LBBW                     4.00   8/26/2016     EUR      69.50
UBS AG                  10.25   3/29/2016     EUR      67.09
UBS AG                   9.50   3/29/2016     EUR      71.46
UBS AG                   7.75   6/24/2016     EUR      37.03
UBS AG                   8.25  12/23/2016     EUR      60.60
UBS AG                  10.00   6/24/2016     EUR      68.27
UBS AG                  10.00  12/29/2015     EUR      68.50
UBS AG                  11.00  12/29/2015     EUR      63.99
Kaupthing Bank Hf        7.00   7/24/2009     ISK      17.50
LBI HF                   8.65    5/1/2011     ISK       8.50
UBS AG                  13.50   6/24/2016     EUR      68.68
UBS AG                   7.75  12/22/2017     EUR      67.70
UBS AG                  10.50  12/22/2017     EUR      67.82
UBS AG                   6.25  12/23/2016     EUR      73.01
UBS AG                   9.50  12/23/2016     EUR      57.98
UBS AG                  12.75  12/29/2015     EUR      54.97
UBS AG                  10.50  12/22/2017     EUR      62.15
UBS AG                   8.25   3/29/2016     EUR      54.23
UBS AG                  11.25   6/24/2016     EUR      57.82
UBS AG                   8.25   6/24/2016     EUR      57.47
UBS AG                   8.25   6/24/2016     EUR      63.28
Banque Cantonale Vau     4.80   3/10/2017     CHF      33.63
Immigon Portfolioabb     6.60    5/6/2023     EUR      68.00
Kaupthing Bank Hf        6.50   10/8/2010     ISK      17.50
Kaupthing Bank Hf        7.50   12/5/2014     ISK      17.50
Lehman Brothers Trea     2.30   6/27/2013     USD       3.01
Lehman Brothers Trea     2.37   7/15/2013     USD       3.01
Raiffeisen-Landesban     0.42   3/10/2033     EUR      77.55
Raiffeisen-Landesban     0.38   3/18/2033     EUR      77.09
Raiffeisen-Landesban     0.37   3/26/2033     EUR      77.17
Raiffeisen-Landesban     0.37    4/1/2033     EUR      76.95
Raiffeisen-Landesban     0.34   4/14/2033     EUR      76.51
Lehman Brothers Trea     4.87   10/8/2013     USD       3.01
Lehman Brothers Trea     1.95   11/4/2013     EUR       3.01
Lehman Brothers Trea     3.00   6/23/2009     EUR      13.75
Lehman Brothers Trea     2.30   4/28/2014     JPY       3.01
Lehman Brothers Trea     2.00   5/17/2010     EUR       3.01
UBS AG                   5.75  12/29/2015     EUR      56.60
UBS AG                   5.00  12/29/2015     EUR      60.92
UBS AG                  12.75  12/29/2015     EUR      36.36
UBS AG                  15.75  12/29/2015     EUR      58.50
UBS AG                  18.50  12/29/2015     EUR      61.18
UBS AG                  12.50  12/29/2015     EUR      71.81
UBS AG                   4.00  12/29/2015     EUR      43.78
UBS AG                  14.50  12/29/2015     EUR      64.51
UBS AG                  20.50  12/29/2015     EUR      52.67
UBS AG                  19.75  12/29/2015     EUR      58.71
UBS AG                  22.75  12/29/2015     EUR      46.00
UBS AG                  22.75  12/29/2015     EUR      54.77
UBS AG                  23.00  12/29/2015     EUR      65.09
UBS AG                  22.25  12/29/2015     EUR      56.16
UBS AG                  15.00  12/29/2015     EUR      72.96
UBS AG                  22.25  12/29/2015     EUR      39.52
UBS AG                  14.50  12/29/2015     EUR      60.65
UBS AG                  16.25  12/29/2015     EUR      56.11
UBS AG                   4.75  12/29/2015     EUR      69.34
UBS AG                  24.00  12/29/2015     EUR      54.94
UBS AG                  23.25  12/29/2015     EUR      61.00
UBS AG                   5.75  12/29/2015     EUR      63.08
UBS AG                   9.50  12/29/2015     EUR      49.76
UBS AG                  23.00  12/29/2015     EUR      46.15
LBBW                     4.00   7/22/2016     EUR      66.26
LBBW                     4.20   7/22/2016     EUR      66.49
LBBW                     4.00   7/22/2016     EUR      71.16
Housing Financing Fu     2.70    1/1/2020     ISK      69.05
Leonteq Securities A     7.28   1/29/2016     EUR      63.90
LBBW                     4.00   8/26/2016     EUR      68.93
LBBW                     3.55   6/23/2017     EUR      73.14
UBS AG                   8.50   3/29/2016     EUR      66.40
UBS AG                  10.00   3/29/2016     EUR      62.55
UBS AG                  17.50   6/24/2016     EUR      36.60
UBS AG                  22.00  12/29/2015     EUR      46.26
UBS AG                  11.75   6/24/2016     EUR      69.30
UBS AG                  21.25   3/29/2016     EUR      55.35
UBS AG                   8.75   3/29/2016     EUR      45.19
UBS AG                   5.00   6/24/2016     EUR      55.10
UBS AG                  11.25   3/29/2016     EUR      72.08
UBS AG                  14.00   3/29/2016     EUR      64.21
UBS AG                  12.25   6/24/2016     EUR      74.92
UBS AG                  24.25  12/29/2015     EUR      51.81
UBS AG                  13.00   6/24/2016     EUR      66.03
UBS AG                   8.50   6/24/2016     EUR      66.11
UBS AG                   7.25   6/24/2016     EUR      69.34
UBS AG                  16.75   6/24/2016     EUR      51.54
UBS AG                  24.50  12/29/2015     EUR      24.27
UBS AG                  23.50  12/29/2015     EUR      16.76
UBS AG                  12.50   3/29/2016     EUR      74.44
UBS AG                  18.75   3/29/2016     EUR      53.42
UBS AG                  19.50   3/29/2016     EUR      73.53
UBS AG                   7.00   6/24/2016     EUR      70.58
UBS AG                  12.75   3/29/2016     EUR      67.89
UBS AG                  21.50   3/29/2016     EUR      56.55
UBS AG                   7.00   3/29/2016     EUR      70.87
UBS AG                  10.25   6/24/2016     EUR      43.90
UBS AG                  11.75   6/24/2016     EUR      59.64
UBS AG                  16.25   6/24/2016     EUR      58.36
UBS AG                  13.25   6/24/2016     EUR      55.71
LBBW                     4.00   2/26/2016     EUR      54.77
LBBW                     4.50   2/26/2016     EUR      73.89
LBBW                     5.50   2/26/2016     EUR      69.75
UBS AG                  10.25   3/29/2016     EUR      52.65
UBS AG                   5.25  12/29/2015     EUR      71.91
UBS AG                   6.50  12/29/2015     EUR      54.87
UBS AG                   5.75   3/29/2016     EUR      63.13
UBS AG                  11.75   6/24/2016     EUR      48.94
UBS AG                   5.75  12/29/2015     EUR      60.61
UBS AG                  10.25   3/29/2016     EUR      62.52
UBS AG                   6.75   6/24/2016     EUR      59.22
UBS AG                   6.50  12/29/2015     EUR      35.37
UBS AG                  12.75  12/29/2015     EUR      60.00
UBS AG                  14.75   6/24/2016     EUR      55.07
UBS AG                   4.75   3/29/2016     EUR      74.38
Leonteq Securities A    10.58    2/3/2017     USD      41.70
UniCredit Bank AG        3.79  12/19/2016     EUR      48.26
DZ Bank AG Deutsche      5.30   3/21/2016     EUR      74.88
DZ Bank AG Deutsche      5.80   3/21/2016     EUR      73.51
DZ Bank AG Deutsche      7.25   3/21/2016     EUR      68.82
DZ Bank AG Deutsche      9.25   3/21/2016     EUR      69.28
DZ Bank AG Deutsche      5.25   3/21/2016     EUR      66.57
DZ Bank AG Deutsche      5.75   3/21/2016     EUR      66.68
DZ Bank AG Deutsche      7.00   3/21/2016     EUR      70.96
DZ Bank AG Deutsche      6.00   3/21/2016     EUR      72.19
UBS AG/London           24.50   3/29/2016     EUR      70.18
EFG International Fi    12.86  10/30/2017     EUR      51.87
EFG International Fi     6.00  11/30/2017     EUR      42.14
Raiffeisen Centroban     2.40  12/19/2016     EUR      42.05
Leonteq Securities A     6.11    1/7/2016     EUR      20.62
Leonteq Securities A     6.00    1/7/2016     EUR      23.85
Leonteq Securities A     7.00   1/22/2016     CHF      22.62
Leonteq Securities A     5.50   1/25/2016     EUR      68.86
Zurcher Kantonalbank     3.78   1/25/2016     CHF      44.61
UniCredit Bank AG        5.25   2/26/2016     EUR      74.83
Leonteq Securities A     5.25   2/26/2016     CHF      52.93
Leonteq Securities A     3.90    3/1/2016     EUR      43.50
Leonteq Securities A     3.10    3/1/2016     EUR      18.16
UniCredit Bank AG        5.00   6/16/2016     EUR      71.99
Vontobel Financial P     4.45   4/15/2016     EUR      55.20
Leonteq Securities A     4.50    4/4/2016     EUR      20.89
Zurcher Kantonalbank     4.25   4/19/2016     CHF      72.41
LBBW                     3.00   6/24/2016     EUR      59.40
Leonteq Securities A     5.00   5/23/2016     CHF      50.72
Leonteq Securities A     5.80   5/23/2016     CHF      30.91
Notenstein La Roche      6.00   5/24/2016     EUR      48.52
Kommunalbanken AS        0.50   8/15/2018     BRL      71.91
IFK Soyuz OAO           14.00   7/18/2028     RUB      60.00
Europlan PAO             9.78   9/25/2019     RUB      56.68
Lehman Brothers Trea     4.68  12/12/2045     EUR       3.01
Lehman Brothers Trea    13.00  12/14/2012     USD       3.01
Municipiul Timisoara     1.03   5/15/2026     RON      65.10
Lehman Brothers Trea     4.82  12/18/2036     EUR       3.01
Immigon Portfolioabb     1.61   7/20/2018     EUR      74.38
DZ Bank AG Deutsche     12.00   9/23/2016     EUR      65.05
DZ Bank AG Deutsche      7.00  12/23/2016     EUR      69.80
DZ Bank AG Deutsche      9.00  12/23/2016     EUR      66.02
DZ Bank AG Deutsche     12.00  12/23/2016     EUR      66.82
DZ Bank AG Deutsche      7.00   3/24/2017     EUR      70.91
DZ Bank AG Deutsche      9.00   3/24/2017     EUR      65.72
DZ Bank AG Deutsche      8.00   6/24/2016     EUR      65.63
DZ Bank AG Deutsche      8.00   6/24/2016     EUR      68.68
DZ Bank AG Deutsche      8.00  12/23/2016     EUR      72.46
DZ Bank AG Deutsche     10.00   6/24/2016     EUR      62.44
DZ Bank AG Deutsche      7.00   9/23/2016     EUR      69.85
DZ Bank AG Deutsche      9.00   9/23/2016     EUR      65.15
Commerzbank AG          30.00   3/24/2016     EUR      64.37
Commerzbank AG          21.00   8/25/2016     EUR      69.25
Commerzbank AG          17.00  11/24/2016     EUR      70.23
Commerzbank AG          10.00  11/24/2016     EUR      74.57
Commerzbank AG          13.25  11/24/2016     EUR      71.70
Commerzbank AG          17.00  11/24/2016     EUR      70.06
Lehman Brothers Trea     4.00   8/11/2010     USD      13.75
Lehman Brothers Trea     2.30    6/6/2013     USD       3.01
Lehman Brothers Trea    11.00    5/9/2020     USD       3.01
Lehman Brothers Trea     4.30    6/4/2012     USD       3.01
Lehman Brothers Trea     6.70   4/21/2011     USD       3.01
Lehman Brothers Trea     3.00   9/12/2036     JPY      13.75
Lehman Brothers Trea     5.25    7/8/2014     EUR       3.01
Immigon Portfolioabb     5.50   8/26/2025     EUR      56.00
Lehman Brothers Trea     7.50   5/30/2010     AUD       3.01
Lehman Brothers Trea     4.00    6/5/2011     USD       3.01
Lehman Brothers Trea     6.00   6/21/2011     EUR       3.01
Immigon Portfolioabb     4.78    6/7/2030     EUR      41.88
Lehman Brothers Trea     7.00   9/20/2011     USD       3.01
Lehman Brothers Trea     3.45   5/23/2013     USD       3.01
Lehman Brothers Trea    16.00  10/28/2008     USD       3.01
Lehman Brothers Trea     5.00   2/15/2018     EUR       3.01
Lehman Brothers Trea     9.00    5/6/2011     CHF       3.01
Lehman Brothers Trea    10.60   4/22/2014     MXN       3.01
Immigon Portfolioabb     0.89    3/1/2021     EUR      55.38
Lehman Brothers Trea    15.00    6/4/2009     CHF       3.01
Lehman Brothers Trea     7.60    3/4/2010     NZD       3.01
Lehman Brothers Trea     2.00   6/28/2011     EUR       3.01
Lehman Brothers Trea    11.00    7/4/2011     USD       3.01
Lehman Brothers Trea    11.00    7/4/2011     CHF       3.01
Lehman Brothers Trea    13.43    1/8/2009     ILS       3.01
Lehman Brothers Trea     0.50    7/2/2020     EUR       3.01
Lehman Brothers Trea     7.75    1/3/2012     AUD       3.01
Lehman Brothers Trea     3.10    6/4/2010     USD       3.01
Lehman Brothers Trea     2.50   8/15/2012     CHF       3.01
Lehman Brothers Trea     5.00  11/22/2012     EUR       3.01
Lehman Brothers Trea     0.50    8/1/2020     EUR       3.76
Lehman Brothers Trea     6.00    8/7/2013     EUR       3.01
Lehman Brothers Trea     6.25    9/5/2011     EUR       3.01
DZ Bank AG Deutsche      7.60   6/22/2016     EUR      73.99
DZ Bank AG Deutsche      8.75   6/24/2016     EUR      71.63
DZ Bank AG Deutsche      8.25   6/24/2016     EUR      53.04
DZ Bank AG Deutsche      5.00   6/24/2016     EUR      69.63
DZ Bank AG Deutsche      5.50   3/21/2016     EUR      72.39
DZ Bank AG Deutsche      4.80   6/20/2016     EUR      74.77
DZ Bank AG Deutsche      5.40   9/19/2016     EUR      73.21
Vontobel Financial P     5.50   7/22/2016     EUR      65.37
Vontobel Financial P    18.20   9/23/2016     EUR      62.76
Commerzbank AG           8.50   3/24/2016     EUR      74.19
Commerzbank AG           5.50   3/24/2016     EUR      67.60
Commerzbank AG           8.50   3/24/2016     EUR      64.16
Commerzbank AG           4.50   4/21/2016     EUR      69.28
Commerzbank AG           7.00   4/21/2016     EUR      65.84
Commerzbank AG           7.75   5/26/2016     EUR      65.77
Commerzbank AG          10.50   5/26/2016     EUR      63.15
Commerzbank AG           5.50   3/24/2016     EUR      71.62
Commerzbank AG           8.75   3/24/2016     EUR      68.06
Commerzbank AG           4.50   4/21/2016     EUR      73.36
Commerzbank AG           7.00   4/21/2016     EUR      69.71
Commerzbank AG           6.25   5/26/2016     EUR      72.12
Commerzbank AG           9.75   5/26/2016     EUR      68.57
Commerzbank AG           9.00   3/24/2016     EUR      71.89
Commerzbank AG           7.50   4/21/2016     EUR      73.74
Commerzbank AG          10.50   5/26/2016     EUR      71.69
UBS AG                   6.88   6/15/2016     EUR      66.15
LBBW                     3.30  11/25/2016     EUR      70.18
Bank Julius Baer & C    10.30   6/16/2016     CHF      63.80
Bank Julius Baer & C     6.00   6/27/2016     EUR      64.65
Commerzbank AG          13.50   5/26/2016     EUR      74.44
Commerzbank AG           7.50   1/21/2016     EUR      65.46
Commerzbank AG          12.00   1/21/2016     EUR      60.84
Commerzbank AG           8.00   2/25/2016     EUR      65.64
Commerzbank AG          12.00   2/25/2016     EUR      61.43
Commerzbank AG           8.25   3/24/2016     EUR      65.89
Commerzbank AG           9.50   3/24/2016     EUR      64.19
Commerzbank AG          11.25   3/24/2016     EUR      62.44
Commerzbank AG           7.50   4/21/2016     EUR      66.88
Commerzbank AG           8.75   4/21/2016     EUR      65.30
Commerzbank AG          10.00   4/21/2016     EUR      63.79
Commerzbank AG           9.75   5/26/2016     EUR      63.75
Commerzbank AG          11.25   5/26/2016     EUR      62.56
Commerzbank AG          12.50   5/26/2016     EUR      61.35
Vontobel Financial P     5.95   9/23/2016     EUR      74.91
Vontobel Financial P     6.70   6/24/2016     EUR      74.02
Vontobel Financial P    11.15   3/29/2016     EUR      74.77
Credit Suisse AG/Nas     7.00   6/27/2016     EUR      66.14
Commerzbank AG           7.25   4/21/2016     EUR      73.93
Commerzbank AG           9.25   4/21/2016     EUR      71.68
Commerzbank AG           8.00   5/26/2016     EUR      73.42
Commerzbank AG           9.75   5/26/2016     EUR      71.39
UBS AG/London            7.00   6/17/2016     EUR      62.31
UBS AG/London            8.00   6/17/2016     CHF      74.80
Notenstein La Roche      6.50   6/26/2017     EUR      70.49
LBBW                     3.00   6/24/2016     EUR      54.17
LBBW                     4.50   6/24/2016     EUR      51.96
LBBW                     4.00   6/24/2016     EUR      73.11
LBBW                     5.00   6/24/2016     EUR      71.46
LBBW                     6.00   6/24/2016     EUR      70.06
LBBW                     2.50   6/24/2016     EUR      71.56
LBBW                     3.50   6/24/2016     EUR      69.16
LBBW                     4.50   6/24/2016     EUR      67.59
Bank Julius Baer & C     9.80   6/27/2016     USD      73.40
Bank Julius Baer & C     9.90   6/27/2016     USD      68.00
BNP Paribas Emission    12.00   6/23/2016     EUR      70.27
BNP Paribas Emission     8.00   9/22/2016     EUR      72.91
BNP Paribas Emission     8.00  12/22/2016     EUR      74.67
BNP Paribas Emission     9.00  12/22/2016     EUR      72.97
BNP Paribas Emission     8.50   9/22/2016     EUR      68.30
BNP Paribas Emission     9.00   9/22/2016     EUR      66.72
BNP Paribas Emission    11.00   9/22/2016     EUR      66.33
BNP Paribas Emission    12.00   9/22/2016     EUR      64.48
BNP Paribas Emission     5.50  12/22/2016     EUR      73.16
BNP Paribas Emission     6.00  12/22/2016     EUR      70.48
BNP Paribas Emission     7.50  12/22/2016     EUR      68.98
BNP Paribas Emission     9.50  12/22/2016     EUR      67.28
BNP Paribas Emission     4.00   3/24/2016     EUR      74.68
BNP Paribas Emission     5.50   3/24/2016     EUR      72.27
BNP Paribas Emission     8.00   3/24/2016     EUR      69.05
BNP Paribas Emission     9.50   3/24/2016     EUR      65.95
BNP Paribas Emission    12.00   3/24/2016     EUR      64.41
BNP Paribas Emission    13.00   3/24/2016     EUR      62.66
BNP Paribas Emission     5.00   6/23/2016     EUR      74.35
BNP Paribas Emission     5.50   6/23/2016     EUR      72.04
BNP Paribas Emission     7.00   6/23/2016     EUR      69.19
BNP Paribas Emission     9.50   6/23/2016     EUR      67.11
BNP Paribas Emission    14.00   6/23/2016     EUR      62.66
BNP Paribas Emission    13.00   3/24/2016     EUR      74.76
BNP Paribas Emission     5.00   9/22/2016     EUR      74.58
BNP Paribas Emission     5.50   9/22/2016     EUR      72.58
BNP Paribas Emission     7.00   9/22/2016     EUR      70.32
BNP Paribas Emission    12.00   3/24/2016     EUR      65.80
BNP Paribas Emission    16.00   3/24/2016     EUR      63.24
BNP Paribas Emission     8.00   6/23/2016     EUR      68.64
BNP Paribas Emission     9.00   6/23/2016     EUR      65.37
BNP Paribas Emission    13.00   6/23/2016     EUR      63.94
BNP Paribas Emission     5.00  12/22/2016     EUR      72.49
BNP Paribas Emission     6.00  12/22/2016     EUR      69.67
BNP Paribas Emission    10.00  12/22/2016     EUR      66.90
BNP Paribas Emission     4.50   3/24/2016     EUR      70.90
BNP Paribas Emission     6.00   3/24/2016     EUR      67.53
BNP Paribas Emission     8.50   3/24/2016     EUR      64.71
BNP Paribas Emission     5.50   6/23/2016     EUR      69.98
BNP Paribas Emission     7.00   6/23/2016     EUR      67.32
BNP Paribas Emission     8.50   6/23/2016     EUR      64.91
BNP Paribas Emission    13.00   6/23/2016     EUR      61.51
BNP Paribas Emission     6.00   9/22/2016     EUR      67.75
BNP Paribas Emission     7.50   9/22/2016     EUR      65.87
BNP Paribas Emission    11.00   9/22/2016     EUR      63.09
BNP Paribas Emission     6.00  12/22/2016     EUR      68.44
BNP Paribas Emission     7.50  12/22/2016     EUR      67.08
BNP Paribas Emission    16.00   3/24/2016     EUR      69.53
BNP Paribas Emission    14.00   6/23/2016     EUR      71.68
BNP Paribas Emission    12.00   9/22/2016     EUR      73.21
BNP Paribas Emission     7.00   6/23/2016     EUR      69.66
BNP Paribas Emission     5.50  12/22/2016     EUR      72.41
BNP Paribas Emission     6.00  12/22/2016     EUR      71.44
BNP Paribas Emission     4.00   3/24/2016     EUR      52.79
BNP Paribas Emission     9.00   3/24/2016     EUR      48.24
BNP Paribas Emission    13.00   3/24/2016     EUR      44.58
BNP Paribas Emission     6.00   6/23/2016     EUR      54.61
BNP Paribas Emission     9.00   6/23/2016     EUR      50.48
BNP Paribas Emission    13.00   6/23/2016     EUR      47.87
BNP Paribas Emission     7.00   9/22/2016     EUR      50.91
BNP Paribas Emission     7.00  12/22/2016     EUR      52.35
BNP Paribas Emission    10.00   3/24/2016     EUR      70.40
BNP Paribas Emission    18.00   3/24/2016     EUR      63.05
BNP Paribas Emission    10.00   6/23/2016     EUR      70.11
BNP Paribas Emission    10.00   9/22/2016     EUR      70.57
BNP Paribas Emission    15.00   9/22/2016     EUR      66.57
BNP Paribas Emission    10.00  12/22/2016     EUR      72.28
BNP Paribas Emission    10.00  12/22/2016     EUR      51.04
BNP Paribas Emission    15.00   3/24/2016     EUR      69.23
BNP Paribas Emission    12.00   6/23/2016     EUR      70.98
BNP Paribas Emission    19.00   3/24/2016     EUR      73.01
BNP Paribas Emission     9.00   3/24/2016     EUR      73.93
BNP Paribas Emission    15.00   3/24/2016     EUR      66.84
BNP Paribas Emission     9.00   6/23/2016     EUR      74.87
BNP Paribas Emission    10.00   6/23/2016     EUR      71.38
BNP Paribas Emission    12.00   6/23/2016     EUR      68.64
BNP Paribas Emission    10.00   9/22/2016     EUR      72.54
BNP Paribas Emission    12.00   9/22/2016     EUR      70.58
BNP Paribas Emission    13.00   9/22/2016     EUR      69.16
BNP Paribas Emission    15.00   9/22/2016     EUR      68.58
BNP Paribas Emission    10.00  12/22/2016     EUR      73.81
BNP Paribas Emission    15.00   3/24/2016     EUR      69.06
BNP Paribas Emission    10.00   6/23/2016     EUR      73.41
BNP Paribas Emission    13.00   9/22/2016     EUR      72.02
BNP Paribas Emission    10.00   9/22/2016     EUR      72.82
BNP Paribas Emission    11.00   9/22/2016     EUR      71.28
BNP Paribas Emission     9.00  12/22/2016     EUR      73.83
BNP Paribas Emission     9.50   3/24/2016     EUR      73.75
BNP Paribas Emission    16.00   3/24/2016     EUR      67.70
BNP Paribas Emission     8.00   6/23/2016     EUR      74.84
BNP Paribas Emission     9.50   6/23/2016     EUR      72.92
BNP Paribas Emission    13.00   6/23/2016     EUR      69.72
BNP Paribas Emission     8.50   9/22/2016     EUR      74.12
BNP Paribas Emission    10.00   6/23/2016     EUR      74.98
Vontobel Financial P     9.25   3/29/2016     EUR      47.86
Vontobel Financial P     8.85   6/24/2016     EUR      49.78
Vontobel Financial P     8.50   7/22/2016     EUR      67.17
Leonteq Securities A    18.00   9/19/2016     CHF      53.58
Credit Suisse AG/Nas     8.25    7/1/2016     EUR      64.33
Vontobel Financial P     7.30   6/24/2016     EUR      67.36
Vontobel Financial P     6.55   3/29/2016     EUR      67.74
DZ Bank AG Deutsche     16.00  12/28/2015     EUR      63.10
DZ Bank AG Deutsche      5.75   3/29/2016     EUR      71.89
DZ Bank AG Deutsche      6.00   6/24/2016     EUR      72.35
DZ Bank AG Deutsche      5.25   9/23/2016     EUR      72.71
Vontobel Financial P     7.55   9/23/2016     EUR      69.96
Vontobel Financial P     8.80   6/24/2016     EUR      68.87
Vontobel Financial P     9.20   3/29/2016     EUR      67.85
Vontobel Financial P     6.50   9/23/2016     EUR      68.11
Credit Suisse AG/Lon     7.00    1/6/2016     USD      65.01
Deutsche Bank AG         6.50   9/20/2016     EUR      72.27
Deutsche Bank AG         6.50   6/21/2016     EUR      71.09
Deutsche Bank AG         6.50  12/20/2016     EUR      73.34
Deutsche Bank AG         6.50   3/22/2016     EUR      72.99
Deutsche Bank AG         4.50  12/20/2016     EUR      71.35
Deutsche Bank AG         6.50   3/22/2016     EUR      65.08
Deutsche Bank AG         4.50   3/22/2016     EUR      72.49
Deutsche Bank AG         4.50   6/21/2016     EUR      70.10
Deutsche Bank AG         4.50   9/20/2016     EUR      70.78
Deutsche Bank AG         4.50   3/22/2016     EUR      64.58
Deutsche Bank AG         4.50   9/20/2016     EUR      65.49
Deutsche Bank AG         4.50  12/20/2016     EUR      66.28
Deutsche Bank AG         4.50   6/21/2016     EUR      64.71
DZ Bank AG Deutsche      5.90   3/21/2016     EUR      68.52
DZ Bank AG Deutsche      7.50   3/21/2016     EUR      66.79
DZ Bank AG Deutsche      5.10   6/20/2016     EUR      69.20
DZ Bank AG Deutsche      6.40   6/20/2016     EUR      67.83
DZ Bank AG Deutsche      7.80   6/20/2016     EUR      66.58
DZ Bank AG Deutsche      5.00   9/19/2016     EUR      69.47
DZ Bank AG Deutsche      5.40   9/19/2016     EUR      67.90
DZ Bank AG Deutsche      6.60   9/19/2016     EUR      66.97
DZ Bank AG Deutsche      5.90   3/21/2016     EUR      72.48
Deutsche Bank AG         8.50   6/21/2016     EUR      72.08
Deutsche Bank AG         8.50   3/22/2016     EUR      64.51
Deutsche Bank AG         8.50   6/21/2016     EUR      64.21
Deutsche Bank AG         8.50   9/20/2016     EUR      65.77
Deutsche Bank AG         8.50  12/20/2016     EUR      67.35
Deutsche Bank AG         8.50   3/22/2016     EUR      65.58
Deutsche Bank AG         8.50   6/21/2016     EUR      66.70
Deutsche Bank AG         8.50   9/20/2016     EUR      68.47
Deutsche Bank AG         8.50  12/20/2016     EUR      70.26
Landesbank Hessen-Th     5.00  10/24/2016     EUR      69.60
Vontobel Financial P     5.30   6/24/2016     EUR      72.99
Vontobel Financial P     5.85   3/29/2016     EUR      66.85
Leonteq Securities A    10.60    7/6/2016     CHF      41.04
LBBW                     4.70   7/22/2016     EUR      62.41
Vontobel Financial P     3.60   6/24/2016     EUR      73.92
UBS AG                   5.00   6/24/2016     EUR      66.02
Goldman Sachs & Co W    15.00   4/20/2016     EUR      74.62
Goldman Sachs & Co W     4.00   1/20/2016     EUR      74.71
Goldman Sachs & Co W     6.00   1/20/2016     EUR      70.45
Goldman Sachs & Co W     9.00   1/20/2016     EUR      66.74
Goldman Sachs & Co W    12.00   1/20/2016     EUR      63.44
Goldman Sachs & Co W    16.00   1/20/2016     EUR      60.54
Goldman Sachs & Co W     4.00   2/24/2016     EUR      74.96
Goldman Sachs & Co W     8.00   2/24/2016     EUR      67.61
Goldman Sachs & Co W    15.00   2/24/2016     EUR      61.98
Goldman Sachs & Co W    18.00   2/24/2016     EUR      59.62
Goldman Sachs & Co W    22.00   2/24/2016     EUR      57.66
Goldman Sachs & Co W     4.00   3/23/2016     EUR      74.87
Goldman Sachs & Co W     6.00   3/23/2016     EUR      71.30
Goldman Sachs & Co W    20.00   3/23/2016     EUR      58.92
Goldman Sachs & Co W    24.00   3/23/2016     EUR      57.50
Goldman Sachs & Co W     4.00   4/20/2016     EUR      74.81
Goldman Sachs & Co W     6.00   4/20/2016     EUR      71.52
Goldman Sachs & Co W    10.00   4/20/2016     EUR      65.74
Goldman Sachs & Co W    13.00   4/20/2016     EUR      63.62
Goldman Sachs & Co W    19.00   4/20/2016     EUR      60.13
Goldman Sachs & Co W    22.00   4/20/2016     EUR      58.72
Goldman Sachs & Co W     5.00   5/25/2016     EUR      73.27
Goldman Sachs & Co W     7.00   5/25/2016     EUR      70.44
Goldman Sachs & Co W     9.00   5/25/2016     EUR      67.63
Goldman Sachs & Co W    20.00   5/25/2016     EUR      60.78
Goldman Sachs & Co W    23.00   5/25/2016     EUR      59.74
Goldman Sachs & Co W     9.00   6/22/2016     EUR      68.08
Goldman Sachs & Co W    13.00   6/22/2016     EUR      63.97
Goldman Sachs & Co W    18.00   6/22/2016     EUR      61.27
Goldman Sachs & Co W    21.00   6/22/2016     EUR      60.46
Goldman Sachs & Co W    15.00   7/20/2016     EUR      63.37
Goldman Sachs & Co W    20.00   7/20/2016     EUR      61.50
Goldman Sachs & Co W     5.00   9/21/2016     EUR      73.52
Goldman Sachs & Co W     6.00   9/21/2016     EUR      70.87
Goldman Sachs & Co W    10.00   9/21/2016     EUR      67.49
Goldman Sachs & Co W    15.00   9/21/2016     EUR      63.44
Goldman Sachs & Co W    17.00   9/21/2016     EUR      62.70
Goldman Sachs & Co W    15.00  12/21/2016     EUR      64.89
Goldman Sachs & Co W     5.00   3/22/2017     EUR      74.46
Goldman Sachs & Co W     6.00   3/22/2017     EUR      72.48
Goldman Sachs & Co W     7.00   3/22/2017     EUR      70.80
Goldman Sachs & Co W     8.00   3/22/2017     EUR      69.29
Goldman Sachs & Co W     9.00   3/22/2017     EUR      67.95
Goldman Sachs & Co W    13.00   3/22/2017     EUR      66.12
Goldman Sachs & Co W     5.00   6/21/2017     EUR      73.71
Goldman Sachs & Co W     6.00   6/21/2017     EUR      72.23
Goldman Sachs & Co W     7.00   6/21/2017     EUR      70.91
Goldman Sachs & Co W     8.00   6/21/2017     EUR      69.76
Goldman Sachs & Co W    10.00   6/21/2017     EUR      70.24
Goldman Sachs & Co W    13.00   6/21/2017     EUR      68.28
Goldman Sachs & Co W     9.00   4/20/2016     EUR      70.25
Goldman Sachs & Co W    20.00   4/20/2016     EUR      62.40
Goldman Sachs & Co W     7.00   3/22/2017     EUR      73.77
Goldman Sachs & Co W     3.00   1/20/2016     EUR      62.94
Goldman Sachs & Co W    10.00   1/20/2016     EUR      63.38
Goldman Sachs & Co W    12.00   1/20/2016     EUR      63.51
Goldman Sachs & Co W    12.00   1/20/2016     EUR      63.51
Goldman Sachs & Co W     3.00   2/24/2016     EUR      63.23
Goldman Sachs & Co W    10.00   2/24/2016     EUR      64.34
Goldman Sachs & Co W    11.00   2/24/2016     EUR      64.50
Goldman Sachs & Co W    11.00   2/24/2016     EUR      64.50
Goldman Sachs & Co W     3.00   3/23/2016     EUR      63.38
Goldman Sachs & Co W    10.00   3/23/2016     EUR      65.02
Goldman Sachs & Co W    11.00   3/23/2016     EUR      65.26
Goldman Sachs & Co W     4.00   4/20/2016     EUR      63.78
Goldman Sachs & Co W     5.00   4/20/2016     EUR      64.09
Goldman Sachs & Co W     7.00   4/20/2016     EUR      64.71
Goldman Sachs & Co W    10.00   4/20/2016     EUR      65.65
Goldman Sachs & Co W    10.00   4/20/2016     EUR      65.65
Goldman Sachs & Co W     4.00   5/25/2016     EUR      62.23
Goldman Sachs & Co W     6.00   5/25/2016     EUR      63.04
Goldman Sachs & Co W     7.00   5/25/2016     EUR      63.45
Goldman Sachs & Co W    10.00   5/25/2016     EUR      64.67
Goldman Sachs & Co W    11.00   5/25/2016     EUR      65.08
Goldman Sachs & Co W    11.00   5/25/2016     EUR      65.08
Goldman Sachs & Co W     5.00   6/22/2016     EUR      62.87
Goldman Sachs & Co W     8.00   6/22/2016     EUR      64.32
Goldman Sachs & Co W    10.00   6/22/2016     EUR      65.29
Goldman Sachs & Co W    11.00   6/22/2016     EUR      65.77
Goldman Sachs & Co W    11.00   6/22/2016     EUR      65.77
Goldman Sachs & Co W    10.00   7/20/2016     EUR      65.86
Goldman Sachs & Co W    10.00   7/20/2016     EUR      65.86
Goldman Sachs & Co W    10.00   7/20/2016     EUR      65.86
Goldman Sachs & Co W     5.00   9/21/2016     EUR      63.49
Goldman Sachs & Co W     6.00   9/21/2016     EUR      64.22
Goldman Sachs & Co W     7.00   9/21/2016     EUR      64.95
Goldman Sachs & Co W    10.00   9/21/2016     EUR      67.14
Goldman Sachs & Co W    10.00   9/21/2016     EUR      67.14
Goldman Sachs & Co W     6.00  12/21/2016     EUR      65.08
Goldman Sachs & Co W     8.00  12/21/2016     EUR      67.04
Goldman Sachs & Co W     9.00  12/21/2016     EUR      68.01
Goldman Sachs & Co W     9.00  12/21/2016     EUR      68.01
Goldman Sachs & Co W     5.00   3/22/2017     EUR      64.77
Goldman Sachs & Co W     6.00   3/22/2017     EUR      66.00
Goldman Sachs & Co W     7.00   3/22/2017     EUR      67.22
Goldman Sachs & Co W     8.00   3/22/2017     EUR      68.45
Goldman Sachs & Co W     8.00   3/22/2017     EUR      68.45
Goldman Sachs & Co W     8.00   3/22/2017     EUR      68.45
Goldman Sachs & Co W     6.00   6/21/2017     EUR      65.73
Goldman Sachs & Co W     7.00   6/21/2017     EUR      67.20
Goldman Sachs & Co W     7.00   6/21/2017     EUR      67.20
Goldman Sachs & Co W     8.00   6/21/2017     EUR      68.67
Goldman Sachs & Co W     8.00   6/21/2017     EUR      68.67
Goldman Sachs & Co W     8.00   6/21/2017     EUR      68.67
Goldman Sachs & Co W     3.00   2/24/2016     EUR      64.52
Goldman Sachs & Co W     3.00   3/23/2016     EUR      64.67
Goldman Sachs & Co W    12.00   3/23/2016     EUR      66.79
Goldman Sachs & Co W    12.00   3/23/2016     EUR      66.79
Goldman Sachs & Co W     3.00   4/20/2016     EUR      64.81
Goldman Sachs & Co W     8.00   4/20/2016     EUR      66.37
Goldman Sachs & Co W    10.00   4/20/2016     EUR      66.99
Goldman Sachs & Co W    11.00   4/20/2016     EUR      67.30
Goldman Sachs & Co W    11.00   4/20/2016     EUR      67.30
Goldman Sachs & Co W    11.00   4/20/2016     EUR      67.30
Goldman Sachs & Co W     4.00   5/25/2016     EUR      64.76
Goldman Sachs & Co W     7.00   5/25/2016     EUR      65.98
Goldman Sachs & Co W    10.00   5/25/2016     EUR      67.20
Goldman Sachs & Co W     4.00   6/22/2016     EUR      64.88
Goldman Sachs & Co W     4.00   7/20/2016     EUR      65.09
Goldman Sachs & Co W     8.00   7/20/2016     EUR      67.33
Goldman Sachs & Co W    10.00   7/20/2016     EUR      68.45
Goldman Sachs & Co W    10.00   7/20/2016     EUR      68.45
Goldman Sachs & Co W    11.00   7/20/2016     EUR      69.01
Goldman Sachs & Co W    11.00   7/20/2016     EUR      69.01
Goldman Sachs & Co W     4.00   9/21/2016     EUR      65.56
Goldman Sachs & Co W     7.00   9/21/2016     EUR      67.75
Goldman Sachs & Co W     8.00   9/21/2016     EUR      68.48
Goldman Sachs & Co W    10.00   9/21/2016     EUR      69.94
Goldman Sachs & Co W    10.00   9/21/2016     EUR      69.94
Goldman Sachs & Co W    10.00   9/21/2016     EUR      69.94
Goldman Sachs & Co W     4.00  12/21/2016     EUR      66.09
Goldman Sachs & Co W     7.00  12/21/2016     EUR      69.02
Goldman Sachs & Co W     8.00  12/21/2016     EUR      70.00
Goldman Sachs & Co W     8.00  12/21/2016     EUR      70.00
Goldman Sachs & Co W     9.00  12/21/2016     EUR      70.98
Goldman Sachs & Co W     9.00  12/21/2016     EUR      70.98
Goldman Sachs & Co W     9.00  12/21/2016     EUR      70.98
Goldman Sachs & Co W     5.00   3/22/2017     EUR      67.96
Goldman Sachs & Co W     7.00   3/22/2017     EUR      70.41
Goldman Sachs & Co W     7.00   3/22/2017     EUR      70.41
Goldman Sachs & Co W     8.00   3/22/2017     EUR      71.63
Goldman Sachs & Co W     8.00   3/22/2017     EUR      71.63
Goldman Sachs & Co W     8.00   3/22/2017     EUR      71.63
Goldman Sachs & Co W     8.00   3/22/2017     EUR      71.63
Goldman Sachs & Co W     5.00   6/21/2017     EUR      68.04
Goldman Sachs & Co W     7.00   6/21/2017     EUR      70.98
Goldman Sachs & Co W     7.00   6/21/2017     EUR      70.98
Goldman Sachs & Co W     8.00   6/21/2017     EUR      72.45
Goldman Sachs & Co W     8.00   6/21/2017     EUR      72.45
Goldman Sachs & Co W     8.00   6/21/2017     EUR      72.45
Goldman Sachs & Co W     8.00   6/21/2017     EUR      72.45
UBS AG/London            7.00   6/26/2017     EUR      70.68
Bank Julius Baer & C     8.20    7/5/2016     USD      71.50
Vontobel Financial P     7.55   7/22/2016     EUR      66.19
Vontobel Financial P     7.55   7/22/2016     EUR      66.62
Deutsche Bank AG         6.50   3/22/2016     EUR      64.00
Deutsche Bank AG         6.50  12/20/2016     EUR      70.60
Deutsche Bank AG         4.50   6/21/2016     EUR      61.80
Deutsche Bank AG         6.50   9/20/2016     EUR      63.90
Deutsche Bank AG         4.50   9/20/2016     EUR      62.40
Deutsche Bank AG         6.50  12/20/2016     EUR      65.00
DZ Bank AG Deutsche      6.00   8/26/2016     EUR      64.28
DZ Bank AG Deutsche      5.50   8/26/2016     EUR      72.40
DZ Bank AG Deutsche      5.25  12/23/2016     EUR      72.12
DZ Bank AG Deutsche      5.75  12/23/2016     EUR      62.46
Commerzbank AG           7.75   6/23/2016     EUR      74.44
Commerzbank AG          15.50   6/23/2016     EUR      65.64
Commerzbank AG           9.75   6/23/2016     EUR      67.07
Commerzbank AG          14.25   7/21/2016     EUR      64.60
Commerzbank AG          12.25   7/21/2016     EUR      72.83
DekaBank Deutsche Gi     3.20    7/1/2016     EUR      72.16
Commerzbank AG           6.00   7/21/2016     EUR      68.01
Commerzbank AG           7.50   7/21/2016     EUR      66.40
Commerzbank AG           9.25   7/21/2016     EUR      65.10
Commerzbank AG           7.75   7/21/2016     EUR      73.58
Commerzbank AG           8.25   7/21/2016     EUR      74.72
Commerzbank AG          11.50   1/21/2016     EUR      74.58
Commerzbank AG           5.00   7/21/2016     EUR      61.10
Commerzbank AG           8.75   7/21/2016     EUR      57.62
Commerzbank AG           8.75   7/21/2016     EUR      68.28
Commerzbank AG           6.50   7/21/2016     EUR      74.88
Commerzbank AG           7.00   6/23/2016     EUR      74.41
Commerzbank AG          10.75   6/23/2016     EUR      70.74
Vontobel Financial P     5.00  12/16/2016     EUR      72.29
Goldman Sachs & Co W     5.00   8/24/2016     EUR      68.91
Goldman Sachs & Co W    10.00   8/24/2016     EUR      72.19
Goldman Sachs & Co W     5.00   9/21/2016     EUR      69.16
Vontobel Financial P    11.90  12/28/2015     EUR      59.58
Vontobel Financial P     9.45   6/24/2016     EUR      65.26
Vontobel Financial P    12.25  12/28/2015     EUR      67.17
Vontobel Financial P    12.25  12/28/2015     EUR      67.23
Commerzbank AG           7.50   2/25/2016     EUR      74.97
Commerzbank AG           7.50   7/21/2016     EUR      72.93
Commerzbank AG          17.00   1/21/2016     EUR      59.48
LBBW                     5.50   8/26/2016     EUR      74.33
LBBW                     3.00   8/26/2016     EUR      61.61
LBBW                     2.50   8/26/2016     EUR      70.55
LBBW                     4.50   8/26/2016     EUR      67.21
LBBW                     2.50   8/26/2016     EUR      72.62
LBBW                     2.50   8/25/2017     EUR      70.73
LBBW                     4.50   8/25/2017     EUR      67.41
LBBW                     3.00   8/25/2017     EUR      63.07
LBBW                     3.00   8/25/2017     EUR      72.24
Vontobel Financial P     4.15  12/23/2016     EUR      69.31
Leonteq Securities A    15.00   11/7/2016     CHF      43.85
Notenstein La Roche      4.00   1/31/2017     EUR      70.55
Credit Suisse AG/Nas     8.00   1/29/2016     CHF      24.03
Notenstein La Roche      4.70   7/21/2016     EUR      70.45
Credit Suisse AG/Nas     6.00   1/29/2016     CHF      58.22
Leonteq Securities A    10.00   1/22/2016     USD      21.80
Leonteq Securities A     8.04   7/25/2016     CHF      55.72
Leonteq Securities A     8.08   7/25/2016     EUR      56.23
Vontobel Financial P     9.30   6/24/2016     EUR      72.70
HSBC Trinkaus & Burk     5.65   2/22/2016     EUR      42.32
Credit Suisse AG/Nas     7.13    2/5/2016     CHF      69.26
Vontobel Financial P     4.65  12/28/2015     EUR      64.03
Credit Suisse AG/Nas     8.00    2/8/2016     USD      49.93
UBS AG/London            7.20   1/20/2016     EUR      65.24
HSBC Trinkaus & Burk     6.00  12/28/2015     EUR      59.73
HSBC Trinkaus & Burk     6.50  12/28/2015     EUR      36.57
Notenstein La Roche      4.00    2/1/2016     EUR      39.20
Vontobel Financial P     4.05  12/28/2015     EUR      57.84
Credit Suisse AG/Nas     7.50   2/15/2016     EUR      60.11
Leonteq Securities A     8.00    8/5/2016     USD      67.89
Leonteq Securities A     8.00   8/15/2016     CHF      49.31
UBS AG/London            4.25  12/23/2016     EUR      72.07
UBS AG/London           19.50  12/29/2015     EUR      63.30
UBS AG/London            5.75   3/29/2016     EUR      61.06
UBS AG/London           24.75  12/29/2015     EUR      73.98
UBS AG/London           15.75   6/24/2016     EUR      73.49
UBS AG/London           22.00  12/29/2015     EUR      60.00
UBS AG/London            4.50   6/24/2016     EUR      70.39
UBS AG/London            8.00  12/29/2015     EUR      59.77
UBS AG/London           10.75   6/24/2016     EUR      42.97
UBS AG/London           12.50  12/29/2015     EUR      59.36
UBS AG/London           17.25   3/29/2016     EUR      71.31
UBS AG/London           23.00   3/29/2016     EUR      63.07
UBS AG/London           20.75   3/29/2016     EUR      62.93
UBS AG/London           24.25  12/29/2015     EUR      46.54
UBS AG/London           14.00  12/23/2016     EUR      50.24
UBS AG/London            7.50   6/24/2016     EUR      62.90
UBS AG/London           13.25   6/24/2016     EUR      49.63
UBS AG/London            6.00   6/24/2016     EUR      66.37
UBS AG/London            4.00  12/22/2017     EUR      71.18
UBS AG/London           13.75   3/29/2016     EUR      73.57
UBS AG/London           24.50   3/29/2016     EUR      73.50
UBS AG/London            6.75  12/23/2016     EUR      66.07
UBS AG/London           20.75   6/24/2016     EUR      65.59
UBS AG/London           24.50   6/24/2016     EUR      72.59
UBS AG/London           15.25   6/24/2016     EUR      73.21
UBS AG/London           24.25  12/29/2015     EUR      57.03
UBS AG/London           10.75  12/29/2015     EUR      38.80
UBS AG/London            5.00  12/22/2017     EUR      69.33
UBS AG/London            6.50  12/29/2015     EUR      33.67
UBS AG/London           18.25  12/29/2015     EUR      70.66
UBS AG/London            9.00  12/29/2015     EUR      49.61
UBS AG/London           23.25   6/24/2016     EUR      62.81
UBS AG/London           11.00  12/29/2015     EUR      56.38
UBS AG/London           15.75  12/29/2015     EUR      69.04
UBS AG/London           15.75   6/24/2016     EUR      72.00
HSBC Trinkaus & Burk     7.00  12/28/2015     EUR      37.79
UBS AG/London           24.50   3/29/2016     EUR      43.64
UBS AG/London           15.25   3/29/2016     EUR      74.60
UBS AG/London            6.75  12/29/2015     EUR      60.10
UBS AG/London           24.25  12/29/2015     EUR      67.42
UBS AG/London           19.00   6/24/2016     EUR      73.92
UBS AG/London            6.50   6/24/2016     EUR      61.69
UBS AG/London           22.25   6/24/2016     EUR      34.62
UBS AG/London           22.50   6/24/2016     EUR      57.58
UBS AG/London           23.00  12/29/2015     EUR      62.64
UBS AG/London           15.50  12/29/2015     EUR      67.47
UBS AG/London            5.25   6/24/2016     EUR      64.44
UBS AG/London            4.25   3/29/2016     EUR      68.18
UBS AG/London           23.50   6/24/2016     EUR      67.97
UBS AG/London           23.00  12/29/2015     EUR      56.92
UBS AG/London            7.75  12/22/2017     EUR      49.00
UBS AG/London           19.25   6/24/2016     EUR      61.20
UBS AG/London           23.50  12/29/2015     EUR      70.39
UBS AG/London           22.50  12/29/2015     EUR      73.00
UBS AG/London           24.50  12/29/2015     EUR      55.22
UBS AG/London           18.50  12/29/2015     EUR      29.47
UBS AG/London            5.75   6/24/2016     EUR      45.86
UBS AG/London           10.00   3/29/2016     EUR      56.36
Credit Suisse AG/Lon     7.00   2/22/2016     EUR      72.07
Vontobel Financial P     5.75  12/28/2015     EUR      35.14
DZ Bank AG Deutsche      8.00  12/28/2015     EUR      38.42
Vontobel Financial P     5.35  12/28/2015     EUR      67.72
Vontobel Financial P     8.05  12/28/2015     EUR      67.66
Leonteq Securities A     5.00   8/22/2016     CHF      63.12
Vontobel Financial P     4.95  12/28/2015     EUR      45.21
Vontobel Financial P     4.90  12/28/2015     EUR      71.58
Commerzbank AG           5.00   6/23/2016     EUR      73.44
Commerzbank AG           5.75   6/23/2016     EUR      72.08
Commerzbank AG           6.25   6/23/2016     EUR      70.61
Commerzbank AG           6.75   6/23/2016     EUR      69.19
Commerzbank AG           7.50   6/23/2016     EUR      68.01
Commerzbank AG           5.00   6/23/2016     EUR      49.04
Commerzbank AG           5.75   6/23/2016     EUR      47.63
Commerzbank AG           6.25   6/23/2016     EUR      46.58
Commerzbank AG           6.75   6/23/2016     EUR      45.79
Commerzbank AG           7.25   6/23/2016     EUR      44.94
Commerzbank AG           8.00   6/23/2016     EUR      44.29
Notenstein La Roche      4.90   8/15/2017     CHF      69.60
Vontobel Financial P     5.00   9/23/2016     EUR      40.25
Credit Suisse AG/Nas     8.50   2/29/2016     USD      51.84
Zurcher Kantonalbank     7.50    9/1/2016     CHF      74.23
HSBC Trinkaus & Burk     6.00  12/28/2015     EUR      66.59
HSBC Trinkaus & Burk     6.50  12/28/2015     EUR      40.47
Notenstein La Roche      9.10   8/29/2016     CHF      46.67
Notenstein La Roche      9.10   8/29/2016     CHF      32.26
Commerzbank AG           5.50   6/23/2016     EUR      68.88
Commerzbank AG           6.00   6/23/2016     EUR      67.54
Commerzbank AG           6.50   6/23/2016     EUR      66.18
Commerzbank AG           7.25   6/23/2016     EUR      65.00
Notenstein La Roche      6.90   8/25/2016     CHF      74.92
DZ Bank AG Deutsche      6.50  12/28/2015     EUR      60.42
Vontobel Financial P     6.70  12/28/2015     EUR      63.69
Leonteq Securities A     8.04   8/29/2016     EUR      72.54
Bank Julius Baer & C     8.20   8/29/2016     CHF      66.35
Notenstein La Roche      5.12   2/29/2016     EUR      69.04
Notenstein La Roche      5.04   8/28/2017     CHF      49.29
Notenstein La Roche     10.00    9/5/2016     CHF      45.91
Credit Suisse AG/Nas     5.50    8/3/2017     EUR      73.82
Vontobel Financial P     9.50   6/24/2016     EUR      73.93
Vontobel Financial P     8.00   9/23/2016     EUR      74.92
Zurcher Kantonalbank     5.75    2/6/2017     EUR      71.93
Vontobel Financial P     8.15   12/9/2016     EUR      74.88
Vontobel Financial P    14.90   12/9/2016     EUR      71.88
Vontobel Financial P     6.40   3/18/2016     EUR      59.79
Vontobel Financial P     9.70   3/18/2016     EUR      56.72
Vontobel Financial P    12.50   6/17/2016     EUR      56.85
Vontobel Financial P     5.15   3/11/2016     EUR      61.09
Vontobel Financial P     6.90   6/10/2016     EUR      60.94
Vontobel Financial P     4.75    9/9/2016     EUR      64.20
Vontobel Financial P    15.95   6/13/2016     EUR      70.45
DZ Bank AG Deutsche     12.50  12/28/2015     EUR      66.66
DZ Bank AG Deutsche      6.00   8/26/2016     EUR      72.62
Vontobel Financial P    10.20   3/11/2016     EUR      72.74
Vontobel Financial P    12.20   3/11/2016     EUR      71.37
UniCredit Bank AG        5.90   9/22/2016     EUR      74.76
UniCredit Bank AG        6.70   9/22/2016     EUR      72.77
UniCredit Bank AG        6.40   9/22/2016     EUR      73.50
UniCredit Bank AG        6.80   9/22/2016     EUR      72.53
UniCredit Bank AG        6.10   9/22/2016     EUR      74.25
UniCredit Bank AG        6.30   9/22/2016     EUR      73.75
UniCredit Bank AG        6.60   9/22/2016     EUR      73.01
UniCredit Bank AG        6.90   9/22/2016     EUR      72.29
UniCredit Bank AG        6.50   9/22/2016     EUR      73.25
Commerzbank AG           6.00   2/25/2016     EUR      68.25
Commerzbank AG          12.00   1/21/2016     EUR      63.40
Commerzbank AG          10.00   7/21/2016     EUR      65.23
Commerzbank AG           8.00   7/21/2016     EUR      74.33
Vontobel Financial P    17.80   9/16/2016     EUR      71.71
UniCredit Bank AG        5.00  12/22/2016     EUR      74.59
UniCredit Bank AG        5.50  12/22/2016     EUR      73.92
DZ Bank AG Deutsche      6.10   6/20/2016     EUR      73.34
DZ Bank AG Deutsche      5.30   3/21/2016     EUR      71.47
Vontobel Financial P     5.75   6/10/2016     EUR      74.09
DZ Bank AG Deutsche      7.75   6/20/2016     EUR      65.83
DZ Bank AG Deutsche      7.25   9/19/2016     EUR      67.12
DZ Bank AG Deutsche      9.50   6/20/2016     EUR      70.76
DZ Bank AG Deutsche      9.75   9/19/2016     EUR      72.80
UBS AG                   6.00   9/23/2016     EUR      65.65
UBS AG                   4.50   9/23/2016     EUR      74.82
UBS AG                   7.00   9/23/2016     EUR      73.10
Vontobel Financial P     9.25   6/24/2016     EUR      68.32
Vontobel Financial P     4.55   6/24/2016     EUR      73.07
Vontobel Financial P     6.45   7/22/2016     EUR      70.64
Vontobel Financial P     6.05   9/23/2016     EUR      71.00
Vontobel Financial P     5.35   9/23/2016     EUR      74.26
Vontobel Financial P     6.20   6/24/2016     EUR      73.60
BNP Paribas Emission    15.00   3/24/2016     EUR      70.79
BNP Paribas Emission     6.50  12/22/2016     EUR      74.14
BNP Paribas Emission    11.00  12/22/2016     EUR      68.75
BNP Paribas Emission     7.50   3/24/2016     EUR      72.73
BNP Paribas Emission    17.00   3/24/2016     EUR      63.58
BNP Paribas Emission     9.00   6/23/2016     EUR      70.05
BNP Paribas Emission    15.00   6/23/2016     EUR      65.70
BNP Paribas Emission     8.00   9/22/2016     EUR      71.04
BNP Paribas Emission    18.00   3/24/2016     EUR      67.19
BNP Paribas Emission    10.00   3/24/2016     EUR      68.45
BNP Paribas Emission    13.00   3/24/2016     EUR      65.75
BNP Paribas Emission     6.00   6/23/2016     EUR      73.70
BNP Paribas Emission     7.50   6/23/2016     EUR      70.82
BNP Paribas Emission    16.00   6/23/2016     EUR      65.50
BNP Paribas Emission     9.00   9/22/2016     EUR      69.93
BNP Paribas Emission     6.50  12/22/2016     EUR      71.93
BNP Paribas Emission     9.50  12/22/2016     EUR      69.04
BNP Paribas Emission    16.00   3/24/2016     EUR      70.89
BNP Paribas Emission    13.00   6/23/2016     EUR      74.01
BNP Paribas Emission     9.00   3/24/2016     EUR      61.17
BNP Paribas Emission    13.00   6/23/2016     EUR      57.88
BNP Paribas Emission    12.00   9/22/2016     EUR      72.98
BNP Paribas Emission     7.00   9/22/2016     EUR      62.61
BNP Paribas Emission    10.00  12/22/2016     EUR      60.38
BNP Paribas Emission    13.00   3/24/2016     EUR      70.40
BNP Paribas Emission    21.00   3/24/2016     EUR      63.48
BNP Paribas Emission    16.00   6/23/2016     EUR      73.41
UniCredit Bank AG        4.00  12/22/2016     EUR      67.63
Credit Suisse AG/Nas     7.00   8/12/2016     EUR      73.14
Vontobel Financial P     8.10   6/24/2016     EUR      74.96
Vontobel Financial P     8.90   7/22/2016     EUR      74.30
Vontobel Financial P     9.10   9/23/2016     EUR      74.14
Vontobel Financial P     8.50    9/2/2016     EUR      69.29
Vontobel Financial P     9.45    9/9/2016     EUR      74.06
Vontobel Financial P     8.40   3/11/2016     EUR      57.75
Vontobel Financial P     4.60   6/10/2016     EUR      63.88
Vontobel Financial P     6.65    9/9/2016     EUR      61.83
DZ Bank AG Deutsche     13.50   3/29/2016     EUR      65.91
DZ Bank AG Deutsche     10.25   6/24/2016     EUR      67.63
DZ Bank AG Deutsche     10.25   8/26/2016     EUR      69.24
DZ Bank AG Deutsche      8.00   9/23/2016     EUR      68.32
Vontobel Financial P     8.30   3/11/2016     EUR      74.20
DZ Bank AG Deutsche     11.00   8/26/2016     EUR      73.28
Vontobel Financial P    14.35   3/11/2016     EUR      70.12
UniCredit Bank AG        6.00   9/22/2016     EUR      74.50
UniCredit Bank AG        6.20   9/22/2016     EUR      74.00
Commerzbank AG           8.50   7/21/2016     EUR      64.64
Vontobel Financial P     9.85   9/16/2016     EUR      67.22
UniCredit Bank AG        6.00  12/22/2016     EUR      73.30
DZ Bank AG Deutsche      5.20   3/21/2016     EUR      74.41
DZ Bank AG Deutsche      5.30   9/19/2016     EUR      73.79
DZ Bank AG Deutsche      8.25   3/21/2016     EUR      66.63
DZ Bank AG Deutsche      8.50   6/20/2016     EUR      66.19
DZ Bank AG Deutsche      8.00   9/19/2016     EUR      67.67
DZ Bank AG Deutsche      8.50   6/20/2016     EUR      70.28
UBS AG                   5.50   6/24/2016     EUR      64.88
Vontobel Financial P     6.75   6/24/2016     EUR      70.50
Vontobel Financial P     8.80   7/22/2016     EUR      68.64
Vontobel Financial P     4.45   7/22/2016     EUR      73.08
Vontobel Financial P     8.05   9/23/2016     EUR      69.26
Vontobel Financial P     4.30   9/23/2016     EUR      73.13
Vontobel Financial P     7.35   9/23/2016     EUR      72.81
Vontobel Financial P     8.80   6/24/2016     EUR      71.83
BNP Paribas Emission     5.00  12/22/2016     EUR      74.88
BNP Paribas Emission    10.00  12/22/2016     EUR      69.55
BNP Paribas Emission     9.00   3/24/2016     EUR      69.28
BNP Paribas Emission     6.00   6/23/2016     EUR      74.73
BNP Paribas Emission     7.50   6/23/2016     EUR      72.90
BNP Paribas Emission    11.00   6/23/2016     EUR      67.73
BNP Paribas Emission     6.50   9/22/2016     EUR      73.31
BNP Paribas Emission     9.50   9/22/2016     EUR      69.02
BNP Paribas Emission    13.00   3/24/2016     EUR      69.93
BNP Paribas Emission     9.00   6/23/2016     EUR      73.19
BNP Paribas Emission    15.00   6/23/2016     EUR      68.16
BNP Paribas Emission     7.00   9/22/2016     EUR      72.89
BNP Paribas Emission    10.00   9/22/2016     EUR      71.13
BNP Paribas Emission     7.00  12/22/2016     EUR      74.45
BNP Paribas Emission    12.00  12/22/2016     EUR      72.06
BNP Paribas Emission     6.50   3/24/2016     EUR      71.36
BNP Paribas Emission    10.00   6/23/2016     EUR      68.64
BNP Paribas Emission    13.00   6/23/2016     EUR      66.95
BNP Paribas Emission     5.00   9/22/2016     EUR      73.53
BNP Paribas Emission    11.00   9/22/2016     EUR      68.42
BNP Paribas Emission     5.00  12/22/2016     EUR      73.63
BNP Paribas Emission     8.00  12/22/2016     EUR      70.39
BNP Paribas Emission    12.00   3/24/2016     EUR      73.41
BNP Paribas Emission    12.00   9/22/2016     EUR      74.46
BNP Paribas Emission    16.00   3/24/2016     EUR      55.58
BNP Paribas Emission    18.00   3/24/2016     EUR      69.94
BNP Paribas Emission    15.00   6/23/2016     EUR      72.33
BNP Paribas Emission     7.00  12/22/2016     EUR      63.47
BNP Paribas Emission    16.00   6/23/2016     EUR      68.15
BNP Paribas Emission    18.00   6/23/2016     EUR      66.94
BNP Paribas Emission    19.00   3/24/2016     EUR      65.31
UniCredit Bank AG        4.00  12/22/2016     EUR      69.21
UniCredit Bank AG        4.00  12/22/2016     EUR      73.61
UniCredit Bank AG        4.00  12/22/2016     EUR      64.53
HSBC Trinkaus & Burk     6.30  12/28/2015     EUR      63.98
HSBC Trinkaus & Burk     5.10  12/28/2015     EUR      63.95
HSBC Trinkaus & Burk     7.00  12/28/2015     EUR      41.40
HSBC Trinkaus & Burk     6.10  12/28/2015     EUR      41.37
HSBC Trinkaus & Burk     8.90  12/28/2015     EUR      74.47
HSBC Trinkaus & Burk     7.90  12/28/2015     EUR      74.44
HSBC Trinkaus & Burk     7.00  12/28/2015     EUR      59.53
HSBC Trinkaus & Burk     5.90  12/28/2015     EUR      59.54
City of Alba Iulia R     2.50   4/15/2025     RON      66.00
Kaupthing Bank Hf        5.00    1/4/2027     SKK      17.50
Banque Cantonale Vau     3.50   6/12/2017     USD      63.94
Raiffeisen Centroban     7.55   1/20/2016     EUR      66.25
Raiffeisen Centroban     5.98   1/20/2016     EUR      65.12
Raiffeisen Centroban     6.29   1/20/2016     EUR      64.44
Raiffeisen Centroban     5.03   1/20/2016     EUR      73.58
Deutsche Bank AG         6.20   3/22/2016     EUR      73.00
Deutsche Bank AG         6.20   9/20/2016     EUR      74.50
Deutsche Bank AG         6.20   6/21/2016     EUR      73.20
Deutsche Bank AG         4.20   6/21/2016     EUR      72.20
Deutsche Bank AG         4.20  12/20/2016     EUR      73.70
Deutsche Bank AG         4.20  12/20/2016     EUR      71.40
Deutsche Bank AG         4.20   3/22/2016     EUR      68.60
Deutsche Bank AG         6.20   9/20/2016     EUR      72.00
Deutsche Bank AG         4.20  12/20/2016     EUR      71.70
Deutsche Bank AG         6.20   3/22/2016     EUR      73.40
Deutsche Bank AG         4.20   9/20/2016     EUR      70.60
Deutsche Bank AG         4.20  12/20/2016     EUR      74.20
Deutsche Bank AG         4.20   3/22/2016     EUR      73.00
Deutsche Bank AG         4.20   6/21/2016     EUR      73.90
Deutsche Bank AG         4.20   6/21/2016     EUR      69.60
Deutsche Bank AG         4.20   9/20/2016     EUR      74.70
Deutsche Bank AG         4.20  12/20/2016     EUR      73.40
Deutsche Bank AG         6.20   3/22/2016     EUR      69.10
Deutsche Bank AG         6.20   6/21/2016     EUR      70.60
Deutsche Bank AG         6.20   6/21/2016     EUR      74.90
Deutsche Bank AG         6.20  12/20/2016     EUR      73.40
Deutsche Bank AG         4.20   6/21/2016     EUR      72.70
Deutsche Bank AG         6.20   9/20/2016     EUR      74.70
Deutsche Bank AG         6.20  12/20/2016     EUR      73.90
Deutsche Bank AG         6.20  12/20/2016     EUR      60.40
Deutsche Bank AG         6.20  12/20/2016     EUR      54.00
Deutsche Bank AG         4.20  12/20/2016     EUR      58.40
Deutsche Bank AG         4.20  12/20/2016     EUR      52.00
Deutsche Bank AG         4.20  12/20/2016     EUR      73.80
Deutsche Bank AG         4.20  12/20/2016     EUR      71.90
Deutsche Bank AG         6.20  12/20/2016     EUR      52.20
Deutsche Bank AG         6.20   6/21/2016     EUR      73.70
Deutsche Bank AG         4.20  12/20/2016     EUR      50.20
Deutsche Bank AG         4.20   9/20/2016     EUR      73.20
Deutsche Bank AG         7.20   6/21/2016     EUR      62.30
Deutsche Bank AG         4.20  12/20/2016     EUR      57.00
Deutsche Bank AG         6.20   6/21/2016     EUR      69.40
Deutsche Bank AG         7.20   9/20/2016     EUR      67.40
Deutsche Bank AG         7.20   6/21/2016     EUR      69.90
Deutsche Bank AG         6.20   3/22/2016     EUR      69.30
Deutsche Bank AG         5.20   6/21/2016     EUR      68.90
Deutsche Bank AG         5.20   9/20/2016     EUR      69.80
Deutsche Bank AG         7.20   3/22/2016     EUR      61.60
Deutsche Bank AG         7.20   6/21/2016     EUR      59.10
Deutsche Bank AG         7.20   6/21/2016     EUR      56.20
Deutsche Bank AG         6.20   9/20/2016     EUR      70.50
Deutsche Bank AG         7.20   9/20/2016     EUR      63.90
Deutsche Bank AG         7.20   9/20/2016     EUR      57.90
Deutsche Bank AG         7.20   3/22/2016     EUR      69.50
Deutsche Bank AG         7.20   3/22/2016     EUR      58.30
Deutsche Bank AG         7.20   3/22/2016     EUR      55.30
Deutsche Bank AG         7.20   9/20/2016     EUR      71.30
Deutsche Bank AG         6.20  12/20/2016     EUR      58.90
Deutsche Bank AG         5.20   3/22/2016     EUR      69.00
Deutsche Bank AG         7.20   6/21/2016     EUR      65.90
Deutsche Bank AG         4.20  12/20/2016     EUR      66.50
Deutsche Bank AG         7.20   3/22/2016     EUR      65.40
Deutsche Bank AG         7.20   9/20/2016     EUR      60.80
Vontobel Financial P     7.30  12/28/2015     EUR      69.85
Vontobel Financial P     5.85   6/27/2016     EUR      71.35
Vontobel Financial P     8.95   3/29/2016     EUR      51.96
Vontobel Financial P    10.00  12/28/2015     EUR      61.47
Vontobel Financial P     9.40   3/29/2016     EUR      74.40
Vontobel Financial P    11.50  12/28/2015     EUR      73.35
Vontobel Financial P     9.50  12/28/2015     EUR      68.54
Vontobel Financial P     8.10   3/29/2016     EUR      71.75
Vontobel Financial P     9.15   6/24/2016     EUR      52.70
Vontobel Financial P     8.90   6/24/2016     EUR      57.59
Vontobel Financial P     8.35   6/24/2016     EUR      69.28
Vontobel Financial P    10.50  12/28/2015     EUR      70.26
Vontobel Financial P     8.60   3/29/2016     EUR      74.69
Vontobel Financial P    10.00  12/28/2015     EUR      74.59
Vontobel Financial P     9.15   6/24/2016     EUR      73.08
Vontobel Financial P    11.00   6/24/2016     EUR      50.84
Vontobel Financial P    14.55  12/28/2015     EUR      39.19
Vontobel Financial P     6.05   3/29/2016     EUR      71.29
Vontobel Financial P     8.10   6/24/2016     EUR      73.53
Vontobel Financial P    10.65  12/28/2015     EUR      47.18
Vontobel Financial P    11.20  12/28/2015     EUR      73.02
Vontobel Financial P    11.90   3/29/2016     EUR      48.53
Vontobel Financial P     9.00  12/28/2015     EUR      74.98
LBBW                     2.00  12/23/2016     EUR      57.99
LBBW                     3.00  12/23/2016     EUR      55.22
LBBW                     4.00  12/23/2016     EUR      73.04
LBBW                     4.00  12/23/2016     EUR      53.06
LBBW                     3.00   8/24/2018     EUR      61.57
LBBW                     3.00   1/22/2016     EUR      66.61
LBBW                     4.50   1/22/2016     EUR      62.23
LBBW                     6.00   1/22/2016     EUR      59.28
LBBW                     3.40   6/22/2018     EUR      55.59
LBBW                     3.35   6/24/2016     EUR      73.09
LBBW                     3.90   6/24/2016     EUR      53.55
LBBW                     2.70   7/27/2018     EUR      73.89
LBBW                     4.00  12/29/2015     EUR      73.36
LBBW                     5.00  12/29/2015     EUR      71.02
LBBW                     2.50  12/29/2015     EUR      43.83
LBBW                     3.50  12/29/2015     EUR      41.77
LBBW                     2.50  12/29/2015     EUR      45.81
LBBW                     4.00  12/29/2015     EUR      42.84
LBBW                     5.50  12/29/2015     EUR      40.93
LBBW                     3.00  12/29/2015     EUR      62.61
LBBW                     4.00  12/29/2015     EUR      60.37
LBBW                     5.00  12/29/2015     EUR      58.34
LBBW                     3.19   7/22/2016     EUR      72.79
LBBW                     3.40   8/24/2018     EUR      65.76
LBBW                     2.50  10/28/2016     EUR      66.76
LBBW                     2.50  10/28/2016     EUR      72.86
LBBW                     4.50  10/28/2016     EUR      67.58
LBBW                     3.00  10/28/2016     EUR      71.14
LBBW                     3.00  10/28/2016     EUR      57.42
LBBW                     3.00  10/28/2016     EUR      72.00
LBBW                     3.00  10/28/2016     EUR      74.24
LBBW                     5.00  10/28/2016     EUR      74.14
LBBW                     5.00  10/28/2016     EUR      70.21
LBBW                     5.00  10/28/2016     EUR      60.87
LBBW                     5.50  10/28/2016     EUR      53.20
LBBW                     5.50  10/28/2016     EUR      65.77
LBBW                     3.50  10/28/2016     EUR      63.98
LBBW                     3.50  10/28/2016     EUR      69.75
LBBW                     6.00  10/28/2016     EUR      72.53
LBBW                     3.00  10/27/2017     EUR      71.81
LBBW                     5.00  10/27/2017     EUR      67.80
LBBW                     4.00  10/27/2017     EUR      69.90
LBBW                     2.50   3/29/2016     EUR      62.55
LBBW                     2.50   3/29/2016     EUR      69.82
LBBW                     4.00   3/29/2016     EUR      59.07
LBBW                     4.00   3/29/2016     EUR      66.36
LBBW                     5.50   3/29/2016     EUR      56.52
LBBW                     5.50   3/29/2016     EUR      63.81
LBBW                     7.00   3/29/2016     EUR      54.71
LBBW                     7.00   3/29/2016     EUR      61.79
LBBW                     4.00   3/29/2016     EUR      73.86
LBBW                     5.50   3/29/2016     EUR      70.93
LBBW                     4.50   3/29/2016     EUR      74.93
LBBW                     4.00   3/29/2016     EUR      50.71
LBBW                     4.00   3/29/2016     EUR      71.36
LBBW                     2.50   2/24/2017     EUR      73.90
LBBW                     2.50   2/24/2017     EUR      66.72
LBBW                     3.50   2/24/2017     EUR      72.23
LBBW                     3.50   2/24/2017     EUR      74.56
LBBW                     3.50   2/24/2017     EUR      63.90
LBBW                     4.50   2/24/2017     EUR      73.01
LBBW                     4.50   2/24/2017     EUR      58.92
LBBW                     4.50   2/24/2017     EUR      72.68
LBBW                     4.50   2/24/2017     EUR      61.44
LBBW                     4.50   2/24/2017     EUR      73.21
LBBW                     5.50   2/24/2017     EUR      71.03
LBBW                     5.50   2/24/2017     EUR      59.54
LBBW                     5.50   2/24/2017     EUR      71.46
LBBW                     3.00   2/24/2017     EUR      61.45
LBBW                     6.00   2/24/2017     EUR      56.80
LBBW                     2.60   7/22/2016     EUR      73.72
LBBW                     2.50   2/26/2016     EUR      63.73
LBBW                     4.50   2/26/2016     EUR      58.19
LBBW                     4.50   2/26/2016     EUR      72.12
LBBW                     4.50   2/26/2016     EUR      74.93
LBBW                     4.50   2/26/2016     EUR      73.08
LBBW                     3.00   2/26/2016     EUR      68.09
LBBW                     4.00   2/26/2016     EUR      65.01
LBBW                     5.00   2/26/2016     EUR      62.54
LBBW                     5.50   2/26/2016     EUR      71.03
LBBW                     6.00   2/26/2016     EUR      60.56
LBBW                     4.15   9/23/2016     EUR      63.07
LBBW                     3.90   7/28/2017     EUR      50.49
LBBW                     4.70  10/28/2016     EUR      58.40
LBBW                     4.50  12/29/2015     EUR      72.79
LBBW                     5.50  12/29/2015     EUR      71.13
LBBW                     5.00   3/24/2017     EUR      55.35
LBBW                     3.00  12/29/2015     EUR      55.21
LBBW                     4.50  12/29/2015     EUR      52.63
LBBW                     6.00  12/29/2015     EUR      50.98
LBBW                     2.50  12/29/2015     EUR      61.27
LBBW                     3.50  12/29/2015     EUR      59.28
LBBW                     3.00   3/24/2017     EUR      58.91
LBBW                     3.00   3/24/2017     EUR      74.19
LBBW                     4.00   3/24/2017     EUR      71.73
LBBW                     5.00   3/24/2017     EUR      70.35
LBBW                     2.50   3/24/2017     EUR      73.00
LBBW                     4.00   3/24/2017     EUR      70.60
LBBW                     3.00   3/24/2017     EUR      67.17
LBBW                     3.00   3/24/2017     EUR      71.65
LBBW                     5.00   3/24/2017     EUR      67.88
LBBW                     3.00   3/24/2017     EUR      62.37
LBBW                     4.00   3/24/2017     EUR      60.36
LBBW                     5.00   3/24/2017     EUR      58.84
LBBW                     6.00   3/24/2017     EUR      57.54
LBBW                     3.00   3/24/2017     EUR      68.42
LBBW                     4.00   3/24/2017     EUR      65.99
LBBW                     5.50   3/24/2017     EUR      63.39
LBBW                     4.50  10/28/2016     EUR      60.20
LBBW                     3.00   4/22/2016     EUR      61.48
LBBW                     7.00   4/22/2016     EUR      54.87
LBBW                     5.00   4/22/2016     EUR      74.31
LBBW                     3.00   4/22/2016     EUR      67.19
LBBW                     4.00   4/22/2016     EUR      64.77
LBBW                     5.00   4/22/2016     EUR      62.82
LBBW                     6.00   4/22/2016     EUR      61.54
LBBW                     3.00   4/22/2016     EUR      66.02
LBBW                     5.00   4/22/2016     EUR      62.45
LBBW                     5.00   5/27/2016     EUR      59.38
LBBW                     7.00   5/27/2016     EUR      56.58
LBBW                     3.00   4/22/2016     EUR      71.81
LBBW                     5.00   4/22/2016     EUR      67.75
LBBW                     3.00   5/27/2016     EUR      63.27
LBBW                     4.00   6/24/2016     EUR      72.60
LBBW                     3.00   6/24/2016     EUR      53.64
LBBW                     4.50   6/24/2016     EUR      49.73
LBBW                     3.50   6/24/2016     EUR      43.24
LBBW                     3.00  12/29/2015     EUR      44.13
LBBW                     2.50  12/29/2015     EUR      66.07
LBBW                     3.50  12/29/2015     EUR      63.09
LBBW                     3.00  12/29/2015     EUR      73.37
LBBW                     4.00  12/29/2015     EUR      69.89
LBBW                     3.25   7/28/2017     EUR      70.82
LBBW                     2.00   3/29/2016     EUR      52.76
LBBW                     3.50   3/29/2016     EUR      48.37
LBBW                     5.00   3/29/2016     EUR      45.58
LBBW                     3.00   6/24/2016     EUR      44.69
LBBW                     2.50   6/24/2016     EUR      46.72
LBBW                     4.00   6/24/2016     EUR      43.41
LBBW                     2.00   6/24/2016     EUR      70.03
LBBW                     3.00   6/24/2016     EUR      66.53
LBBW                     3.55   8/25/2017     EUR      44.76
LBBW                     3.75   9/22/2017     EUR      44.56
LBBW                     2.50   7/22/2016     EUR      74.14
LBBW                     3.50   7/22/2016     EUR      70.99
LBBW                     2.50   7/22/2016     EUR      47.80
LBBW                     4.00   7/22/2016     EUR      44.46
LBBW                     2.75   7/22/2016     EUR      70.00
LBBW                     3.50   7/22/2016     EUR      67.94
LBBW                     4.50   7/22/2016     EUR      65.27
LBBW                     3.00   7/22/2016     EUR      45.74
LBBW                     3.90   9/22/2017     EUR      43.83
LBBW                     3.00   6/22/2018     EUR      56.50
LBBW                     3.50  11/24/2017     EUR      57.30
LBBW                     3.40   6/23/2017     EUR      53.34
LBBW                     5.00   4/22/2016     EUR      53.83
LBBW                     2.00   4/22/2016     EUR      62.15
LBBW                     3.50   4/22/2016     EUR      57.24
LBBW                     4.00   3/29/2016     EUR      72.73
LBBW                     5.00   3/29/2016     EUR      69.76
LBBW                     3.85  10/27/2017     EUR      48.46
LBBW                     3.00  11/24/2017     EUR      54.27
LBBW                     3.40  11/24/2017     EUR      45.68
LBBW                     3.00   9/23/2016     EUR      44.80
LBBW                     4.50   9/23/2016     EUR      42.79
LBBW                     3.00   9/23/2016     EUR      68.95
LBBW                     4.00   9/23/2016     EUR      66.01
LBBW                     2.50   9/23/2016     EUR      47.45
LBBW                     3.50   9/23/2016     EUR      45.37
LBBW                     4.50   9/23/2016     EUR      43.75
Vontobel Financial P     8.00  11/25/2016     EUR      54.06
Vontobel Financial P     6.50  11/25/2016     EUR      59.05
LBBW                     3.45   3/22/2019     EUR      61.93
LBBW                     4.50   3/23/2018     EUR      56.49
LBBW                     2.50   6/28/2019     EUR      69.36
LBBW                     3.00   6/28/2019     EUR      72.52
LBBW                     3.50   6/22/2018     EUR      67.10
LBBW                     4.00   8/25/2017     EUR      44.25
LBBW                     3.00   9/28/2018     EUR      49.02
LBBW                     3.75  10/27/2017     EUR      48.72
LBBW                     3.00    1/4/2019     EUR      54.08
Commerzbank AG           5.50   3/24/2016     EUR      67.74
Commerzbank AG           7.00   3/24/2016     EUR      55.54
Commerzbank AG           6.00   3/24/2016     EUR      57.52
Commerzbank AG           7.00   3/24/2016     EUR      49.54
Commerzbank AG          10.50   3/24/2016     EUR      73.89
DZ Bank AG Deutsche      7.75   6/24/2016     EUR      74.45
DZ Bank AG Deutsche      7.50   3/29/2016     EUR      72.78
DZ Bank AG Deutsche      6.25   3/29/2016     EUR      66.31
DZ Bank AG Deutsche      5.50   6/24/2016     EUR      55.98
DZ Bank AG Deutsche      8.75   3/29/2016     EUR      73.71
DZ Bank AG Deutsche      6.00   3/29/2016     EUR      55.29
Goldman Sachs & Co W    22.00   1/20/2016     EUR      65.81
Goldman Sachs & Co W    20.00   2/24/2016     EUR      67.65
Goldman Sachs & Co W    25.00   3/23/2016     EUR      64.97
Goldman Sachs & Co W    17.00   4/20/2016     EUR      69.80
Goldman Sachs & Co W    23.00   4/20/2016     EUR      66.30
Goldman Sachs & Co W    23.00   5/25/2016     EUR      66.56
Goldman Sachs & Co W    21.00   6/22/2016     EUR      67.38
Goldman Sachs & Co W    14.00   9/21/2016     EUR      72.64
Goldman Sachs & Co W    18.00   9/21/2016     EUR      70.40
Goldman Sachs & Co W    24.00   2/24/2016     EUR      64.06
Goldman Sachs & Co W    14.00   9/21/2016     EUR      73.42
Goldman Sachs & Co W    12.00   3/23/2016     EUR      68.60
Goldman Sachs & Co W    10.00   5/25/2016     EUR      73.89
Goldman Sachs & Co W     7.00   5/25/2016     EUR      71.66
Goldman Sachs & Co W    24.00   3/23/2016     EUR      73.87
Goldman Sachs & Co W    20.00   3/23/2016     EUR      66.58
Vontobel Financial P     5.95  12/28/2015     EUR      73.16
Vontobel Financial P     7.60  12/28/2015     EUR      74.39
Vontobel Financial P     7.05  12/28/2015     EUR      68.39
Vontobel Financial P     6.55   3/29/2016     EUR      71.20
Vontobel Financial P    28.75  12/28/2015     EUR      55.17
Vontobel Financial P     6.60   6/24/2016     EUR      64.01
Vontobel Financial P     6.25  12/28/2015     EUR      61.27
Vontobel Financial P    10.25  12/28/2015     EUR      45.18
Vontobel Financial P     7.45   6/24/2016     EUR      49.81
Zurcher Kantonalbank     9.30    5/4/2016     CHF      67.13
Credit Suisse AG/Nas     6.25  10/31/2016     EUR      62.28
DZ Bank AG Deutsche      5.75   3/21/2016     EUR      72.21
DZ Bank AG Deutsche      6.50   3/21/2016     EUR      60.61
DZ Bank AG Deutsche      6.25   3/21/2016     EUR      69.99
DZ Bank AG Deutsche      6.50   6/20/2016     EUR      71.41
Commerzbank AG          11.25   3/24/2016     EUR      62.43
Commerzbank AG          11.75   3/24/2016     EUR      71.36
Commerzbank AG          13.25   3/24/2016     EUR      70.73
Zurcher Kantonalbank     7.30    5/6/2016     USD      61.32
Vontobel Financial P     6.75    1/5/2016     EUR      74.71
Goldman Sachs & Co W    12.00   1/20/2016     EUR      74.68
Goldman Sachs & Co W    12.00   1/20/2016     EUR      74.68
Goldman Sachs & Co W     8.00   5/25/2016     EUR      74.71
Goldman Sachs & Co W     7.00   2/24/2016     EUR      70.92
Goldman Sachs & Co W     8.00   3/23/2016     EUR      71.69
Goldman Sachs & Co W     7.00   5/25/2016     EUR      72.55
Goldman Sachs & Co W     8.00   6/22/2016     EUR      73.48
Goldman Sachs & Co W     6.00   4/20/2016     EUR      61.59
Goldman Sachs & Co W    13.00   2/24/2016     EUR      61.82
Goldman Sachs & Co W     8.00   4/20/2016     EUR      62.21
Goldman Sachs & Co W     7.00   5/25/2016     EUR      62.50
Goldman Sachs & Co W    12.00   6/22/2016     EUR      62.72
Goldman Sachs & Co W    12.00   6/22/2016     EUR      62.72
Goldman Sachs & Co W     6.00   5/25/2016     EUR      48.71
Goldman Sachs & Co W     8.00   5/25/2016     EUR      49.52
UBS AG/London           11.25   4/22/2016     CHF      73.51
Leonteq Securities A    12.40    5/6/2016     CHF      35.71
Notenstein La Roche      5.20   11/4/2016     EUR      61.92
Vontobel Financial P     5.10   5/27/2016     EUR      57.36
Vontobel Financial P     6.50   5/27/2016     EUR      60.42
LBBW                     3.00   6/28/2019     EUR      73.29
Banque Cantonale Vau     5.85    5/6/2016     CHF      74.74
DZ Bank AG Deutsche      4.90   3/21/2016     EUR      64.30
DZ Bank AG Deutsche      5.75   6/24/2016     EUR      65.92
DZ Bank AG Deutsche      5.75   3/29/2016     EUR      65.29
Landesbank Hessen-Th     4.00   8/15/2016     EUR      70.10
Landesbank Hessen-Th     4.00    6/5/2019     EUR      71.88
Vontobel Financial P     7.00   5/27/2016     EUR      60.32
Deutsche Bank AG         5.14   4/26/2016     EUR      70.60
DZ Bank AG Deutsche     10.00   3/21/2016     EUR      56.11
DZ Bank AG Deutsche     10.25   6/20/2016     EUR      58.20
DZ Bank AG Deutsche      4.80   6/20/2016     EUR      70.19
DZ Bank AG Deutsche      6.90   6/20/2016     EUR      65.73
Vontobel Financial P     7.05    1/5/2016     EUR      65.53
Commerzbank AG           3.25   4/21/2016     EUR      74.39
Commerzbank AG           4.00   4/21/2016     EUR      72.63
Commerzbank AG           5.00   4/21/2016     EUR      71.08
Commerzbank AG           9.75   4/21/2016     EUR      74.21
Commerzbank AG           5.75   4/21/2016     EUR      69.49
Commerzbank AG           6.75   4/21/2016     EUR      68.06
Commerzbank AG           8.00   4/21/2016     EUR      66.67
Commerzbank AG           9.00   4/21/2016     EUR      65.53
Commerzbank AG           6.75   4/21/2016     EUR      73.63
Commerzbank AG           3.50   4/21/2016     EUR      60.98
Commerzbank AG           4.25   4/21/2016     EUR      59.50
Commerzbank AG           5.00   4/21/2016     EUR      58.09
Commerzbank AG           6.00   4/21/2016     EUR      56.88
Commerzbank AG           7.00   4/21/2016     EUR      55.71
Commerzbank AG           8.00   4/21/2016     EUR      54.65
Commerzbank AG           9.00   4/21/2016     EUR      53.63
Commerzbank AG          10.25   4/21/2016     EUR      52.79
Commerzbank AG           4.50   4/21/2016     EUR      68.85
Commerzbank AG           5.25   4/21/2016     EUR      67.32
Commerzbank AG           6.25   4/21/2016     EUR      65.88
Commerzbank AG           7.25   4/21/2016     EUR      64.57
Commerzbank AG           8.25   4/21/2016     EUR      63.33
Commerzbank AG           9.25   4/21/2016     EUR      62.16
Commerzbank AG           4.00   4/21/2016     EUR      68.82
Commerzbank AG           5.00   4/21/2016     EUR      67.31
Commerzbank AG           5.75   4/21/2016     EUR      65.81
Commerzbank AG           6.75   4/21/2016     EUR      64.47
Commerzbank AG           7.75   4/21/2016     EUR      63.21
Commerzbank AG           9.00   4/21/2016     EUR      62.11
HSBC Trinkaus & Burk    10.00    7/1/2016     EUR      59.41
Leonteq Securities A     7.00   5/18/2016     CHF      59.78
Vontobel Financial P    11.35  12/28/2015     EUR      61.46
Vontobel Financial P     9.25   6/24/2016     EUR      65.56
Vontobel Financial P     9.25   6/24/2016     EUR      65.56
Vontobel Financial P     6.05   5/27/2016     EUR      66.90
Vontobel Financial P     9.90  12/28/2015     EUR      73.07
Vontobel Financial P     9.15   3/29/2016     EUR      66.30
Vontobel Financial P     8.25  12/28/2015     EUR      73.72
Vontobel Financial P     8.15   3/29/2016     EUR      56.27
Vontobel Financial P     9.90  12/28/2015     EUR      51.45
Vontobel Financial P    12.85  12/28/2015     EUR      58.25
Vontobel Financial P    10.30   3/29/2016     EUR      62.35
Vontobel Financial P     8.60   6/24/2016     EUR      56.83
Vontobel Financial P    12.60  12/28/2015     EUR      58.25
Commerzbank AG          12.25   4/21/2016     EUR      72.63
Commerzbank AG          16.00   4/21/2016     EUR      67.53
Commerzbank AG          15.75   4/21/2016     EUR      73.61
Commerzbank AG           7.25   4/21/2016     EUR      69.37
Commerzbank AG           9.25   4/21/2016     EUR      66.53
Commerzbank AG          11.50   4/21/2016     EUR      64.12
Commerzbank AG          13.00   4/21/2016     EUR      74.00
Commerzbank AG           6.75   4/21/2016     EUR      45.39
Commerzbank AG          11.00   1/21/2016     EUR      74.96
Commerzbank AG           9.25   4/21/2016     EUR      43.61
Commerzbank AG           7.50   4/21/2016     EUR      75.00
Commerzbank AG           5.25   4/21/2016     EUR      56.06
Commerzbank AG           7.75   4/21/2016     EUR      52.56
Commerzbank AG          11.00   4/21/2016     EUR      49.95
Commerzbank AG           6.75   4/21/2016     EUR      67.95
Commerzbank AG           8.50   4/21/2016     EUR      65.78
Commerzbank AG          10.50   4/21/2016     EUR      63.91
Commerzbank AG           6.00   4/21/2016     EUR      65.57
Commerzbank AG           8.00   4/21/2016     EUR      63.02
Commerzbank AG           9.25   4/21/2016     EUR      74.32
Bank Julius Baer & C    13.70   5/13/2016     USD      41.75
Vontobel Financial P    14.35  12/28/2015     EUR      39.16
Vontobel Financial P    10.95   6/24/2016     EUR      50.81
Goldman Sachs & Co W    12.00   4/20/2016     EUR      62.13
Goldman Sachs & Co W    12.00   5/25/2016     EUR      62.64
Goldman Sachs & Co W    12.00   5/25/2016     EUR      62.64
Goldman Sachs & Co W    12.00   6/22/2016     EUR      63.43
Goldman Sachs & Co W     8.00   5/25/2016     EUR      72.07
Goldman Sachs & Co W     8.00   5/25/2016     EUR      58.38
Leonteq Securities A    10.04   3/16/2016     EUR      60.78
DZ Bank AG Deutsche      7.25   9/19/2016     EUR      58.44
Vontobel Financial P     6.60   6/24/2016     EUR      74.69
DZ Bank AG Deutsche      5.90   9/19/2016     EUR      68.91
DZ Bank AG Deutsche      5.50   6/20/2016     EUR      63.81
DZ Bank AG Deutsche      4.90   9/19/2016     EUR      64.51
Deutsche Bank AG         5.20   3/22/2016     EUR      62.10
Deutsche Bank AG         5.20   6/21/2016     EUR      68.40
Deutsche Bank AG         5.20   6/21/2016     EUR      65.40
Deutsche Bank AG         5.20   6/21/2016     EUR      62.60
Deutsche Bank AG         5.20  12/20/2016     EUR      70.30
Deutsche Bank AG         8.20   6/21/2016     EUR      65.30
Deutsche Bank AG         8.20   6/21/2016     EUR      64.10
Deutsche Bank AG         3.20   3/22/2016     EUR      67.30
Deutsche Bank AG         3.20   6/21/2016     EUR      72.50
Deutsche Bank AG         3.20   6/21/2016     EUR      62.80
Deutsche Bank AG         4.20   8/24/2016     EUR      66.10
Deutsche Bank AG         4.20   8/24/2016     EUR      73.40
Deutsche Bank AG         4.20   3/22/2016     EUR      61.90
Deutsche Bank AG         3.20   6/21/2016     EUR      61.60
Deutsche Bank AG         4.20   7/20/2016     EUR      65.70
Deutsche Bank AG         4.20   8/24/2016     EUR      62.70
Deutsche Bank AG         5.20   6/21/2016     EUR      70.90
Deutsche Bank AG         5.20   9/20/2016     EUR      71.80
Deutsche Bank AG         5.20   9/20/2016     EUR      65.00
Deutsche Bank AG         5.20  12/20/2016     EUR      70.40
Deutsche Bank AG         6.20  12/20/2016     EUR      69.20
Vontobel Financial P     4.70   3/29/2016     EUR      65.02
Deutsche Bank AG         5.20   8/24/2016     EUR      71.50
Deutsche Bank AG         6.20   8/24/2016     EUR      69.80
Deutsche Bank AG         6.20   8/24/2016     EUR      65.30
Vontobel Financial P    12.00  12/28/2015     EUR      73.14
Deutsche Bank AG         6.20   8/24/2016     EUR      72.20
Deutsche Bank AG         6.20   8/24/2016     EUR      67.50
Deutsche Bank AG         5.20   8/24/2016     EUR      64.60
Deutsche Bank AG         6.20   7/20/2016     EUR      61.00
Deutsche Bank AG         5.20   7/20/2016     EUR      57.80
Deutsche Bank AG         6.20   8/24/2016     EUR      61.40
Deutsche Bank AG         5.20   8/24/2016     EUR      60.70
DZ Bank AG Deutsche      4.70   6/20/2016     EUR      69.94
Deutsche Bank AG         5.20   7/20/2016     EUR      65.70
Deutsche Bank AG         5.20   7/20/2016     EUR      68.70
Deutsche Bank AG         5.20   8/24/2016     EUR      69.10
HSBC Trinkaus & Burk     9.90   4/22/2016     EUR      46.74
HSBC Trinkaus & Burk    13.40   3/25/2016     EUR      72.87
HSBC Trinkaus & Burk     8.70   1/22/2016     EUR      50.44
HSBC Trinkaus & Burk    11.00   3/25/2016     EUR      58.82
HSBC Trinkaus & Burk     7.20   6/24/2016     EUR      63.90
HSBC Trinkaus & Burk     7.50   1/22/2016     EUR      61.63
HSBC Trinkaus & Burk    15.30   1/22/2016     EUR      60.81
HSBC Trinkaus & Burk     7.80   1/22/2016     EUR      64.55
Deutsche Bank AG         6.20   5/25/2016     EUR      60.20
Deutsche Bank AG         6.20   5/25/2016     EUR      55.10
HSBC Trinkaus & Burk    15.00  12/28/2015     EUR      54.71
Deutsche Bank AG         6.20   5/25/2016     EUR      65.50
HSBC Trinkaus & Burk     8.70   1/22/2016     EUR      62.78
Deutsche Bank AG         4.20   5/25/2016     EUR      65.50
Deutsche Bank AG         4.20   5/25/2016     EUR      71.00
HSBC Trinkaus & Burk    13.50  12/28/2015     EUR      73.09
Deutsche Bank AG         8.20   5/25/2016     EUR      64.50
Deutsche Bank AG         8.20   5/25/2016     EUR      61.00
Deutsche Bank AG         8.20   4/20/2016     EUR      69.10
Deutsche Bank AG         8.20   4/20/2016     EUR      64.60
Deutsche Bank AG         8.20   4/20/2016     EUR      54.60
Deutsche Bank AG         8.20   4/20/2016     EUR      58.50
UBS AG/London            4.50    9/9/2016     EUR      68.05
Deutsche Bank AG         5.20   4/20/2016     EUR      70.70
Deutsche Bank AG         6.20   4/20/2016     EUR      68.50
Deutsche Bank AG         5.20   4/20/2016     EUR      65.80
Deutsche Bank AG         6.20   4/20/2016     EUR      61.60
Deutsche Bank AG         6.20   4/20/2016     EUR      65.70
Deutsche Bank AG         6.20   4/20/2016     EUR      62.90
Deutsche Bank AG         6.20   4/20/2016     EUR      60.20
Deutsche Bank AG         5.20   5/25/2016     EUR      72.70
Deutsche Bank AG         6.20   5/25/2016     EUR      68.10
UBS AG                   7.50   6/24/2016     EUR      62.88
UBS AG                  13.50   6/24/2016     EUR      74.42
UBS AG                  12.25   6/24/2016     EUR      68.55
DZ Bank AG Deutsche      7.50   3/29/2016     EUR      58.37
UBS AG                  10.00   6/24/2016     EUR      53.54
DZ Bank AG Deutsche     10.00   6/24/2016     EUR      52.55
DZ Bank AG Deutsche     11.00   6/24/2016     EUR      67.43
DZ Bank AG Deutsche     11.25  12/28/2015     EUR      46.49
DZ Bank AG Deutsche      8.25   3/29/2016     EUR      59.23
DZ Bank AG Deutsche     11.50   3/29/2016     EUR      56.69
Landesbank Hessen-Th     5.10   4/15/2016     EUR      46.70
HSBC Trinkaus & Burk    12.60   3/25/2016     EUR      56.78
HSBC Trinkaus & Burk     9.70   3/25/2016     EUR      68.77
HSBC Trinkaus & Burk    10.60   3/25/2016     EUR      72.34
Credit Suisse AG/Lon     8.00    6/6/2016     USD      61.02
Vontobel Financial P     8.00   4/22/2016     EUR      64.81
DZ Bank AG Deutsche      5.50   3/29/2016     EUR      40.82
DZ Bank AG Deutsche      6.70  12/28/2015     EUR      69.87
WGZ-Bank AG Westdeut     2.25   6/29/2016     EUR      68.36
WGZ-Bank AG Westdeut     5.50   6/29/2016     EUR      60.76
DZ Bank AG Deutsche      5.80   3/29/2016     EUR      58.61
DZ Bank AG Deutsche      8.00  12/28/2015     EUR      71.29
DZ Bank AG Deutsche      9.25   6/24/2016     EUR      66.54
DZ Bank AG Deutsche      5.30   3/21/2016     EUR      67.16
Vontobel Financial P    10.35   3/11/2016     EUR      43.07
Vontobel Financial P     9.65   6/10/2016     EUR      45.32
DZ Bank AG Deutsche      4.60   6/20/2016     EUR      63.34
DZ Bank AG Deutsche      5.30   6/20/2016     EUR      62.41
Vontobel Financial P     3.65   12/9/2016     EUR      73.63
Vontobel Financial P     5.30   6/17/2016     EUR      70.61
Vontobel Financial P     5.55    9/9/2016     EUR      61.43
Vontobel Financial P     8.40    9/9/2016     EUR      58.44
Vontobel Financial P     9.90   6/10/2016     EUR      73.39
Vontobel Financial P     4.60   6/10/2016     EUR      67.63
Vontobel Financial P     7.35   6/10/2016     EUR      63.53
Vontobel Financial P     6.55    9/9/2016     EUR      64.73
Vontobel Financial P     5.55    9/9/2016     EUR      66.00
Vontobel Financial P     4.00  12/12/2016     EUR      69.44
Vontobel Financial P     6.40   6/10/2016     EUR      73.52
Vontobel Financial P     5.70    9/9/2016     EUR      74.34
DZ Bank AG Deutsche      5.00   6/24/2016     EUR      64.82
DZ Bank AG Deutsche      5.75  12/28/2015     EUR      34.70
Goldman Sachs & Co W     7.00   4/20/2016     EUR      66.11
Goldman Sachs & Co W     5.00   9/21/2016     EUR      64.42
DZ Bank AG Deutsche      4.60   9/19/2016     EUR      68.01
Goldman Sachs & Co W    11.00   4/20/2016     EUR      53.08
Goldman Sachs & Co W     5.00   9/21/2016     EUR      51.57
Goldman Sachs & Co W    10.00   9/21/2016     EUR      55.22
Goldman Sachs & Co W     6.00   4/20/2016     EUR      60.26
Goldman Sachs & Co W     9.00   4/20/2016     EUR      61.20
Goldman Sachs & Co W     9.00   6/22/2016     EUR      61.98
Goldman Sachs & Co W     9.00   6/22/2016     EUR      61.98
Goldman Sachs & Co W     8.00   9/21/2016     EUR      63.32
Vontobel Financial P     4.50   6/24/2016     EUR      60.80
Landesbank Hessen-Th     8.90   10/6/2020     EUR      60.47
Vontobel Financial P     5.05    9/9/2016     EUR      55.79
Vontobel Financial P     3.95   12/9/2016     EUR      70.84
DZ Bank AG Deutsche      5.90   6/20/2016     EUR      61.39
Commerzbank AG           7.75   3/24/2016     EUR      67.95
Commerzbank AG           9.75   3/24/2016     EUR      65.58
Vontobel Financial P     2.60   3/11/2016     EUR      72.70
Commerzbank AG           3.00   3/24/2016     EUR      62.26
DZ Bank AG Deutsche      4.50   6/22/2016     EUR      68.40
Commerzbank AG           9.75   3/24/2016     EUR      73.85
Commerzbank AG           6.50   3/24/2016     EUR      60.70
Commerzbank AG           4.75   3/24/2016     EUR      63.79
Commerzbank AG           5.75   3/24/2016     EUR      62.40
UBS AG/London           17.25   3/29/2016     EUR      59.55
UBS AG/London            9.75   3/29/2016     EUR      64.34
UniCredit Bank AG        5.44    7/1/2016     EUR      48.57
UniCredit Bank AG        6.00   6/23/2016     EUR      63.82
UniCredit Bank AG        4.50   6/23/2016     EUR      60.71
UniCredit Bank AG        4.50   6/23/2016     EUR      67.13
UniCredit Bank AG        4.25   6/23/2016     EUR      68.56
UniCredit Bank AG        4.45   6/23/2016     EUR      67.41
Notenstein La Roche      6.50   9/27/2016     CHF      73.40
UniCredit Bank AG        4.50   6/23/2016     EUR      72.76
UniCredit Bank AG        4.25   6/23/2016     EUR      74.56
Leonteq Securities A     9.00   6/27/2016     CHF      71.67
UniCredit Bank AG        4.40   6/23/2016     EUR      67.69
UniCredit Bank AG        4.15   6/23/2016     EUR      69.11
UniCredit Bank AG        4.40   6/23/2016     EUR      73.35
UniCredit Bank AG        4.80   6/23/2016     EUR      58.79
Vontobel Financial P    12.35  12/28/2015     EUR      73.03
Vontobel Financial P     9.35   6/24/2016     EUR      57.75
UBS AG/London           10.00    6/3/2016     CHF      69.12
LBBW                     3.00   6/23/2017     EUR      53.57
LBBW                     3.50   6/23/2017     EUR      71.21
DZ Bank AG Deutsche      8.25   6/20/2016     EUR      57.71
DZ Bank AG Deutsche      5.10   9/19/2016     EUR      71.64
DZ Bank AG Deutsche      5.60   3/21/2016     EUR      63.14
DZ Bank AG Deutsche      6.00   9/19/2016     EUR      62.78
Deutsche Bank AG         6.20   3/22/2016     EUR      65.30
Deutsche Bank AG         5.20   3/22/2016     EUR      65.00
Deutsche Bank AG         6.20   6/21/2016     EUR      65.90
Deutsche Bank AG         5.20   9/20/2016     EUR      69.30
Deutsche Bank AG         5.20   9/20/2016     EUR      63.70
Deutsche Bank AG         6.20  12/20/2016     EUR      71.30
Deutsche Bank AG         5.20  12/20/2016     EUR      67.50
Vontobel Financial P     3.95   5/27/2016     EUR      58.18
Deutsche Bank AG         8.20   3/22/2016     EUR      64.00
Deutsche Bank AG         8.20   6/21/2016     EUR      63.20
Deutsche Bank AG         8.20   3/22/2016     EUR      60.30
Deutsche Bank AG         8.20   6/21/2016     EUR      61.50
Deutsche Bank AG         4.20   3/22/2016     EUR      65.20
Deutsche Bank AG         4.20   6/21/2016     EUR      70.40
Deutsche Bank AG         3.20   6/21/2016     EUR      69.90
Deutsche Bank AG         3.20   6/21/2016     EUR      65.00
Deutsche Bank AG         4.20   6/21/2016     EUR      65.50
Deutsche Bank AG         4.20   8/24/2016     EUR      70.90
Deutsche Bank AG         3.20   3/22/2016     EUR      71.10
Deutsche Bank AG         3.20   3/22/2016     EUR      64.50
Deutsche Bank AG         4.20   3/22/2016     EUR      64.80
Deutsche Bank AG         3.20   6/21/2016     EUR      70.70
Deutsche Bank AG         3.20   6/21/2016     EUR      67.40
Deutsche Bank AG         3.20   6/21/2016     EUR      64.40
Deutsche Bank AG         4.20   6/21/2016     EUR      62.10
Deutsche Bank AG         4.20   7/20/2016     EUR      62.70
Deutsche Bank AG         4.20   8/24/2016     EUR      71.60
Deutsche Bank AG         5.20   9/20/2016     EUR      69.40
Deutsche Bank AG         5.20  12/20/2016     EUR      72.70
Deutsche Bank AG         6.20  12/20/2016     EUR      71.40
Deutsche Bank AG         5.20  12/20/2016     EUR      66.10
Deutsche Bank AG         6.20  12/20/2016     EUR      68.50
Deutsche Bank AG         6.20  12/20/2016     EUR      65.80
Vontobel Financial P     7.25  12/28/2015     EUR      61.32
Deutsche Bank AG         5.20   7/20/2016     EUR      64.20
Deutsche Bank AG         5.20   8/24/2016     EUR      66.80
Deutsche Bank AG         5.20   8/24/2016     EUR      55.80
Deutsche Bank AG         6.20   7/20/2016     EUR      63.80
Deutsche Bank AG         5.20   7/20/2016     EUR      63.20
Deutsche Bank AG         6.20   8/24/2016     EUR      56.40
Deutsche Bank AG         6.20   8/24/2016     EUR      58.80
Deutsche Bank AG         5.20   8/24/2016     EUR      60.90
DZ Bank AG Deutsche      8.50   3/29/2016     EUR      65.50
Deutsche Bank AG         6.20   8/24/2016     EUR      66.80
HSBC Trinkaus & Burk    12.10   3/25/2016     EUR      44.17
HSBC Trinkaus & Burk    12.70   3/25/2016     EUR      74.73
HSBC Trinkaus & Burk    13.70   4/22/2016     EUR      63.06
HSBC Trinkaus & Burk    12.00   3/25/2016     EUR      60.82
HSBC Trinkaus & Burk     7.70   6/24/2016     EUR      65.24
Deutsche Bank AG         5.20   5/25/2016     EUR      57.10
Deutsche Bank AG         6.20   5/25/2016     EUR      57.60
Deutsche Bank AG         5.20   5/25/2016     EUR      54.70
HSBC Trinkaus & Burk     9.40  12/28/2015     EUR      70.12
Deutsche Bank AG         4.20   5/25/2016     EUR      75.00
Deutsche Bank AG         4.20   5/25/2016     EUR      72.30
Deutsche Bank AG         6.20   5/25/2016     EUR      62.70
Deutsche Bank AG         5.20   5/25/2016     EUR      59.70
Deutsche Bank AG         6.20   5/25/2016     EUR      60.10
HSBC Trinkaus & Burk    11.60   3/25/2016     EUR      74.10
Deutsche Bank AG         8.20   5/25/2016     EUR      68.90
Deutsche Bank AG         8.20   5/25/2016     EUR      53.70
Deutsche Bank AG         8.20   5/25/2016     EUR      74.80
HSBC Trinkaus & Burk    12.90   3/25/2016     EUR      69.20
Deutsche Bank AG         8.20   4/20/2016     EUR      56.90
Deutsche Bank AG         8.20   4/20/2016     EUR      60.90
Deutsche Bank AG         6.20   4/20/2016     EUR      73.60
Deutsche Bank AG         6.20   4/20/2016     EUR      66.20
Deutsche Bank AG         5.20   4/20/2016     EUR      58.50
Deutsche Bank AG         6.20   4/20/2016     EUR      56.30
Deutsche Bank AG         5.20   4/20/2016     EUR      65.40
Deutsche Bank AG         5.20   4/20/2016     EUR      62.50
Vontobel Financial P     9.00   4/22/2016     EUR      61.22
Deutsche Bank AG         5.20   7/20/2016     EUR      63.00
Deutsche Bank AG         5.20   8/24/2016     EUR      66.10
Deutsche Bank AG         6.20   5/25/2016     EUR      65.80
Deutsche Bank AG         6.20   5/25/2016     EUR      70.50
Deutsche Bank AG         5.20   5/25/2016     EUR      67.20
Deutsche Bank AG         5.20   5/25/2016     EUR      65.40
Zurcher Kantonalbank    10.00   3/24/2016     EUR      55.14
UBS AG                  13.75   6/24/2016     EUR      70.89
DZ Bank AG Deutsche      5.25   3/29/2016     EUR      55.15
DZ Bank AG Deutsche     11.50  12/28/2015     EUR      62.32
DZ Bank AG Deutsche      8.75   3/29/2016     EUR      66.72
DZ Bank AG Deutsche      5.75   3/29/2016     EUR      61.96
DZ Bank AG Deutsche      7.75   6/24/2016     EUR      60.39
HSBC Trinkaus & Burk     6.30   6/24/2016     EUR      56.08
HSBC Trinkaus & Burk     9.70  12/28/2015     EUR      69.96
HSBC Trinkaus & Burk     6.80   2/26/2016     EUR      62.12
Leonteq Securities A     9.92   5/29/2017     EUR      70.37
UBS AG/London            6.25   5/30/2016     CHF      33.54
UBS AG/London            7.50  11/28/2016     EUR      61.60
UBS AG/London            7.50   5/30/2016     CHF      69.49
HSBC Trinkaus & Burk    12.00  12/28/2015     EUR      71.38
Vontobel Financial P     1.70  12/31/2015     EUR      73.57
Bank Julius Baer & C     6.30    6/6/2016     USD      67.20
Leonteq Securities A    13.00    9/8/2016     USD      68.33
DZ Bank AG Deutsche      5.75   6/20/2016     EUR      71.14
DZ Bank AG Deutsche      5.75   6/20/2016     EUR      56.05
DZ Bank AG Deutsche      8.80  12/28/2015     EUR      50.96
DZ Bank AG Deutsche      8.90  12/28/2015     EUR      63.94
WGZ-Bank AG Westdeut     3.00   6/29/2016     EUR      73.11
WGZ-Bank AG Westdeut     5.00   6/29/2016     EUR      67.73
DZ Bank AG Deutsche      5.40  12/28/2015     EUR      58.53
DZ Bank AG Deutsche      4.50   3/29/2016     EUR      61.63
DZ Bank AG Deutsche     10.25   6/24/2016     EUR      69.96
DZ Bank AG Deutsche      5.40   6/20/2016     EUR      67.37
Vontobel Financial P     5.10    9/9/2016     EUR      69.85
Vontobel Financial P     6.85    9/9/2016     EUR      67.21
Vontobel Financial P     4.15   12/9/2016     EUR      63.85
Vontobel Financial P     5.25   6/17/2016     EUR      69.06
Vontobel Financial P     6.30   12/9/2016     EUR      60.70
Vontobel Financial P     7.55   12/9/2016     EUR      59.57
Vontobel Financial P     9.10    9/9/2016     EUR      74.73
Vontobel Financial P     7.50  12/12/2016     EUR      64.89
Vontobel Financial P     4.25    9/9/2016     EUR      68.28
DZ Bank AG Deutsche      4.75   3/21/2016     EUR      54.90
DZ Bank AG Deutsche      5.75   6/20/2016     EUR      56.05
DZ Bank AG Deutsche      6.25   9/23/2016     EUR      57.77
Goldman Sachs & Co W     5.00   4/20/2016     EUR      65.49
Goldman Sachs & Co W    10.00   4/20/2016     EUR      67.05
Goldman Sachs & Co W     7.00   9/21/2016     EUR      65.88
Goldman Sachs & Co W     9.00   9/21/2016     EUR      67.34
DZ Bank AG Deutsche      5.00   9/19/2016     EUR      73.23
Vontobel Financial P     3.60    9/9/2016     EUR      61.22
Goldman Sachs & Co W     8.00   4/20/2016     EUR      52.15
Goldman Sachs & Co W    11.00   4/20/2016     EUR      53.08
Goldman Sachs & Co W     8.00   9/21/2016     EUR      53.76
Goldman Sachs & Co W    10.00   9/21/2016     EUR      55.22
Goldman Sachs & Co W    10.00   9/21/2016     EUR      55.22
Goldman Sachs & Co W     5.00   4/20/2016     EUR      59.95
Goldman Sachs & Co W     6.00   6/22/2016     EUR      60.53
Goldman Sachs & Co W     6.00   9/21/2016     EUR      61.86
Goldman Sachs & Co W     6.00   9/21/2016     EUR      61.86
Goldman Sachs & Co W     8.00   9/21/2016     EUR      63.32
UBS AG                   9.15   9/16/2016     CHF      61.17
Commerzbank AG           6.75   3/11/2016     EUR      47.66
Vontobel Financial P     9.50   6/24/2016     EUR      57.27
Vontobel Financial P     9.40   3/29/2016     EUR      56.59
Vontobel Financial P     2.95   6/10/2016     EUR      70.93
Vontobel Financial P     6.50   6/24/2016     EUR      65.82
Landesbank Hessen-Th     6.75   4/17/2020     EUR      70.49
LBBW                     3.50   7/27/2018     EUR      64.44
Commerzbank AG           5.75   3/24/2016     EUR      70.99
Vontobel Financial P     3.15    9/9/2016     EUR      69.63
Vontobel Financial P     2.75   6/10/2016     EUR      69.08
Commerzbank AG           4.00   3/24/2016     EUR      74.07
Commerzbank AG           6.00   3/24/2016     EUR      70.92
DZ Bank AG Deutsche     10.10   6/22/2016     EUR      66.59
DZ Bank AG Deutsche      6.10   6/22/2016     EUR      70.01
Commerzbank AG           5.00   3/24/2016     EUR      58.22
Commerzbank AG           7.00   3/24/2016     EUR      55.36
Commerzbank AG          11.00   3/24/2016     EUR      51.61
Commerzbank AG           8.50   3/24/2016     EUR      58.25
Commerzbank AG           3.75   3/24/2016     EUR      65.63
Commerzbank AG           7.75   3/24/2016     EUR      59.85
UBS AG                   3.60   12/9/2016     EUR      70.10
UniCredit Bank AG        5.25   6/23/2016     EUR      65.65
UniCredit Bank AG        4.20   6/23/2016     EUR      67.22
UniCredit Bank AG        4.20   6/23/2016     EUR      62.74
UniCredit Bank AG        5.00   6/23/2016     EUR      57.59
UniCredit Bank AG        4.20   6/23/2016     EUR      74.87
UniCredit Bank AG        4.40   6/23/2016     EUR      65.10
Notenstein La Roche      4.50   3/27/2018     EUR      61.94
UniCredit Bank AG        4.10   6/23/2016     EUR      68.32
UniCredit Bank AG        4.80   6/23/2016     EUR      63.17
UniCredit Bank AG        4.40   6/23/2016     EUR      61.37
UniCredit Bank AG        4.30   6/23/2016     EUR      74.29
UniCredit Bank AG        4.25   6/23/2016     EUR      66.12
UniCredit Bank AG        4.60   6/23/2016     EUR      60.03
UniCredit Bank AG        4.20   6/23/2016     EUR      68.85
UniCredit Bank AG        5.50   6/23/2016     EUR      64.66
UniCredit Bank AG        5.00   6/23/2016     EUR      66.65
UniCredit Bank AG        4.00   6/23/2016     EUR      69.46
UniCredit Bank AG        4.35   6/23/2016     EUR      67.98
UniCredit Bank AG        4.00   6/23/2016     EUR      70.01
UniCredit Bank AG        4.60   6/23/2016     EUR      64.13
UniCredit Bank AG        4.75   6/23/2016     EUR      67.71
Vontobel Financial P    10.00   3/29/2016     EUR      56.34
LBBW                     2.50   6/23/2017     EUR      73.41
LBBW                     4.50   6/23/2017     EUR      69.66
DZ Bank AG Deutsche      4.75  12/28/2015     EUR      56.87
DZ Bank AG Deutsche      6.50   9/19/2016     EUR      58.72
DZ Bank AG Deutsche      8.00   9/19/2016     EUR      58.98
DZ Bank AG Deutsche      6.50   9/19/2016     EUR      57.89
DZ Bank AG Deutsche      6.70   9/19/2016     EUR      67.61
DZ Bank AG Deutsche      6.50   3/21/2016     EUR      62.00
DZ Bank AG Deutsche      5.40   9/19/2016     EUR      63.61
Bank J Safra Sarasin     5.00   5/26/2016     CHF      65.66
Deutsche Bank AG         6.20   3/22/2016     EUR      62.40
Deutsche Bank AG         6.20   6/21/2016     EUR      68.90
Deutsche Bank AG         5.20   9/20/2016     EUR      66.40
Deutsche Bank AG         8.20   3/22/2016     EUR      66.20
Deutsche Bank AG         8.20   3/22/2016     EUR      62.90
Deutsche Bank AG         3.20   3/22/2016     EUR      69.80
Deutsche Bank AG         3.20   3/22/2016     EUR      65.00
Deutsche Bank AG         3.20   6/21/2016     EUR      67.40
Deutsche Bank AG         4.20   6/21/2016     EUR      63.30
Deutsche Bank AG         4.20   8/24/2016     EUR      68.40
Deutsche Bank AG         4.20   3/22/2016     EUR      67.90
Deutsche Bank AG         3.20   3/22/2016     EUR      61.70
Deutsche Bank AG         4.20   6/21/2016     EUR      67.90
Deutsche Bank AG         4.20   6/21/2016     EUR      64.90
Societe Generale SA      0.52   5/20/2016     USD      66.86
Deutsche Bank AG         4.20   8/24/2016     EUR      60.10
Deutsche Bank AG         4.20   7/20/2016     EUR      68.20
Deutsche Bank AG         4.20   8/24/2016     EUR      57.50
Deutsche Bank AG         4.20   8/24/2016     EUR      62.90
Deutsche Bank AG         4.20   8/24/2016     EUR      65.90
Deutsche Bank AG         4.20   7/20/2016     EUR      71.40
Deutsche Bank AG         4.20   8/24/2016     EUR      65.50
Deutsche Bank AG         4.20   7/20/2016     EUR      59.80
Deutsche Bank AG         4.20   8/24/2016     EUR      68.40
Deutsche Bank AG         6.20   6/21/2016     EUR      71.40
Deutsche Bank AG         5.20   9/20/2016     EUR      67.10
Deutsche Bank AG         6.20  12/20/2016     EUR      73.70
Deutsche Bank AG         5.20  12/20/2016     EUR      68.20
Deutsche Bank AG         6.20  12/20/2016     EUR      67.10
Deutsche Bank AG         5.20  12/20/2016     EUR      64.80
Deutsche Bank AG         5.20   7/20/2016     EUR      66.40
Deutsche Bank AG         5.20   7/20/2016     EUR      68.70
Deutsche Bank AG         5.20   7/20/2016     EUR      71.20
Deutsche Bank AG         5.20   8/24/2016     EUR      69.10
Deutsche Bank AG         5.20   7/20/2016     EUR      60.40
Deutsche Bank AG         6.20   8/24/2016     EUR      64.20
Deutsche Bank AG         5.20   8/24/2016     EUR      63.50
Deutsche Bank AG         5.20   7/20/2016     EUR      55.40
Deutsche Bank AG         5.20   8/24/2016     EUR      58.20
Deutsche Bank AG         5.20   8/24/2016     EUR      63.40
DZ Bank AG Deutsche      5.50   3/29/2016     EUR      42.06
Deutsche Bank AG         5.20   7/20/2016     EUR      74.10
Deutsche Bank AG         6.20   7/20/2016     EUR      74.70
Deutsche Bank AG         5.20   7/20/2016     EUR      60.40
Deutsche Bank AG         6.20   8/24/2016     EUR      64.10
HSBC Trinkaus & Burk     5.03   3/24/2016     EUR      54.02
HSBC Trinkaus & Burk    14.30   3/25/2016     EUR      42.93
HSBC Trinkaus & Burk    10.90   1/22/2016     EUR      44.22
Deutsche Bank AG         5.20   8/24/2016     EUR      74.40
Deutsche Bank AG         6.20   7/20/2016     EUR      69.30
Deutsche Bank AG         6.20   8/24/2016     EUR      61.50
HSBC Trinkaus & Burk    11.70  12/28/2015     EUR      73.49
HSBC Trinkaus & Burk     7.90   4/22/2016     EUR      52.39
HSBC Trinkaus & Burk    10.20  12/28/2015     EUR      56.64
HSBC Trinkaus & Burk     6.90   4/22/2016     EUR      63.22
HSBC Trinkaus & Burk     6.20  12/28/2015     EUR      64.14
HSBC Trinkaus & Burk     7.10   4/22/2016     EUR      66.34
HSBC Trinkaus & Burk     8.30   6/24/2016     EUR      52.51
Deutsche Bank AG         5.20   5/25/2016     EUR      59.80
Deutsche Bank AG         5.20   5/25/2016     EUR      65.10
HSBC Trinkaus & Burk    12.50   3/25/2016     EUR      59.45
Deutsche Bank AG         5.20   5/25/2016     EUR      62.30
HSBC Trinkaus & Burk     7.70   4/22/2016     EUR      64.43
HSBC Trinkaus & Burk    10.50  12/28/2015     EUR      63.94
Deutsche Bank AG         4.20   5/25/2016     EUR      62.30
Deutsche Bank AG         4.20   5/25/2016     EUR      67.70
HSBC Trinkaus & Burk    16.40  12/28/2015     EUR      69.47
HSBC Trinkaus & Burk    13.80   3/25/2016     EUR      71.32
Deutsche Bank AG         8.20   5/25/2016     EUR      66.10
Deutsche Bank AG         8.20   5/25/2016     EUR      58.60
HSBC Trinkaus & Burk    17.30  12/28/2015     EUR      73.12
HSBC Trinkaus & Burk    15.70  12/28/2015     EUR      72.84
HSBC Trinkaus & Burk    13.20   3/25/2016     EUR      74.08
Deutsche Bank AG         8.20   5/25/2016     EUR      55.90
Deutsche Bank AG         8.20   4/20/2016     EUR      66.80
Deutsche Bank AG         8.20   4/20/2016     EUR      74.10
Deutsche Bank AG         5.20   4/20/2016     EUR      73.30
Deutsche Bank AG         6.20   4/20/2016     EUR      71.00
Deutsche Bank AG         5.20   4/20/2016     EUR      68.20
Deutsche Bank AG         5.20   4/20/2016     EUR      61.30
Deutsche Bank AG         6.20   4/20/2016     EUR      58.80
Deutsche Bank AG         5.20   4/20/2016     EUR      55.90
Deutsche Bank AG         5.20   4/20/2016     EUR      59.90
Deutsche Bank AG         6.20   8/24/2016     EUR      69.80
Deutsche Bank AG         5.20   5/25/2016     EUR      70.10
Deutsche Bank AG         6.20   5/25/2016     EUR      73.10
UBS AG                   8.25   6/24/2016     EUR      62.43
DZ Bank AG Deutsche      7.50   3/29/2016     EUR      74.34
UBS AG                   7.25   6/24/2016     EUR      70.05
DZ Bank AG Deutsche     10.75  12/28/2015     EUR      74.90
DZ Bank AG Deutsche     10.25   3/29/2016     EUR      51.63
DZ Bank AG Deutsche      5.25   3/29/2016     EUR      68.52
DZ Bank AG Deutsche     10.25   3/29/2016     EUR      68.85
DZ Bank AG Deutsche     10.50  12/28/2015     EUR      55.37
HSBC Trinkaus & Burk     8.90   2/26/2016     EUR      65.62
HSBC Trinkaus & Burk    12.50   3/25/2016     EUR      71.96
HSBC Trinkaus & Burk    13.70   3/25/2016     EUR      68.46
Vontobel Financial P    10.50   3/29/2016     EUR      73.03
DZ Bank AG Deutsche      6.00   3/21/2016     EUR      72.27
DZ Bank AG Deutsche      5.25   3/21/2016     EUR      55.02
DZ Bank AG Deutsche     11.60  12/28/2015     EUR      48.75
Vontobel Financial P     7.00   6/24/2016     EUR      66.06
WGZ-Bank AG Westdeut     4.00   6/29/2016     EUR      70.32
WGZ-Bank AG Westdeut     6.00   6/29/2016     EUR      66.78
WGZ-Bank AG Westdeut     3.25   6/29/2016     EUR      65.58
WGZ-Bank AG Westdeut     4.25   6/29/2016     EUR      62.98
WGZ-Bank AG Westdeut     6.50   6/29/2016     EUR      59.95
DZ Bank AG Deutsche      8.70   3/29/2016     EUR      72.11
DZ Bank AG Deutsche      5.25   6/24/2016     EUR      44.62
Commerzbank AG           6.76   6/22/2017     EUR      65.38
Leonteq Securities A    20.00   2/29/2016     USD      48.36
Vontobel Financial P     5.40   12/9/2016     EUR      70.50
Vontobel Financial P     8.80    9/9/2016     EUR      65.06
Vontobel Financial P     5.15   12/9/2016     EUR      62.10
Vontobel Financial P     4.25    9/9/2016     EUR      63.32
Vontobel Financial P     6.90    9/9/2016     EUR      59.79
Vontobel Financial P     6.20   6/10/2016     EUR      65.05
BNP Paribas Emission     6.50   1/21/2016     EUR      71.54
UniCredit Bank AG        5.10    7/1/2016     EUR      64.85
DZ Bank AG Deutsche      5.75   9/19/2016     EUR      57.34
DZ Bank AG Deutsche      9.00  12/28/2015     EUR      52.15
Goldman Sachs & Co W    10.00   4/20/2016     EUR      67.05
Goldman Sachs & Co W     6.00   9/21/2016     EUR      65.15
Goldman Sachs & Co W     9.00   9/21/2016     EUR      67.34
Goldman Sachs & Co W     8.00   9/21/2016     EUR      66.61
DZ Bank AG Deutsche      5.10   3/21/2016     EUR      74.22
DZ Bank AG Deutsche      5.50   9/19/2016     EUR      66.20
Goldman Sachs & Co W    10.00   4/20/2016     EUR      52.77
Goldman Sachs & Co W    11.00   4/20/2016     EUR      53.08
Goldman Sachs & Co W    10.00   9/21/2016     EUR      55.22
Goldman Sachs & Co W     8.00   4/20/2016     EUR      60.88
Goldman Sachs & Co W     9.00   4/20/2016     EUR      61.20
Goldman Sachs & Co W     9.00   4/20/2016     EUR      61.20
Goldman Sachs & Co W     5.00   6/22/2016     EUR      60.05
Goldman Sachs & Co W     9.00   6/22/2016     EUR      61.98
Goldman Sachs & Co W     5.00   9/21/2016     EUR      61.13
Goldman Sachs & Co W     8.00   9/21/2016     EUR      63.32
Goldman Sachs & Co W     8.00   9/21/2016     EUR      63.32
Vontobel Financial P     6.55   9/23/2016     EUR      70.38
Vontobel Financial P     8.30   9/23/2016     EUR      58.69
BNP Paribas Emission     3.25  11/24/2017     EUR      71.02
Vontobel Financial P     8.20   6/24/2016     EUR      63.06
Vontobel Financial P     8.20   3/29/2016     EUR      61.83
Vontobel Financial P     7.15   9/23/2016     EUR      64.27
Vontobel Financial P     6.05    9/9/2016     EUR      56.48
Vontobel Financial P     1.95   3/18/2016     EUR      71.34
Vontobel Financial P     3.55    9/9/2016     EUR      70.81
DZ Bank AG Deutsche      5.20   3/21/2016     EUR      60.36
Vontobel Financial P     7.00   6/24/2016     EUR      66.15
LBBW                     3.40   7/27/2018     EUR      69.64
Commerzbank AG           4.75   3/24/2016     EUR      73.04
Commerzbank AG           6.75   3/24/2016     EUR      69.43
Commerzbank AG           8.75   3/24/2016     EUR      66.60
Vontobel Financial P     8.15   6/24/2016     EUR      61.51
Commerzbank AG           5.00   3/24/2016     EUR      72.44
Commerzbank AG           4.00   3/24/2016     EUR      59.99
Commerzbank AG           6.00   3/24/2016     EUR      56.89
Commerzbank AG           8.00   3/24/2016     EUR      54.20
Commerzbank AG           9.00   3/24/2016     EUR      53.38
Commerzbank AG          10.00   3/24/2016     EUR      52.35
Commerzbank AG           4.25   3/24/2016     EUR      64.05
Commerzbank AG           5.25   3/24/2016     EUR      62.30
Commerzbank AG           7.50   3/24/2016     EUR      59.45
Commerzbank AG           9.25   3/24/2016     EUR      57.34
Commerzbank AG           6.75   3/24/2016     EUR      61.09
UBS AG                   3.30   12/9/2016     EUR      66.50
UBS AG                   2.60   12/9/2016     EUR      72.90
DekaBank Deutsche Gi     3.15    2/3/2017     EUR      61.39
UBS AG                   3.70   6/10/2016     EUR      65.88
UniCredit Bank AG        4.35   6/23/2016     EUR      73.95
UniCredit Bank AG        4.30   6/23/2016     EUR      62.03
UniCredit Bank AG        4.30   6/23/2016     EUR      68.26
UniCredit Bank AG        4.10   6/23/2016     EUR      69.44
UniCredit Bank AG        4.90   6/23/2016     EUR      58.16
UniCredit Bank AG        4.50   6/23/2016     EUR      68.81
UniCredit Bank AG        4.25   6/23/2016     EUR      69.97
UniCredit Bank AG        5.00   6/23/2016     EUR      62.27
UniCredit Bank AG        4.70   6/23/2016     EUR      59.40
UniCredit Bank AG        4.05   6/23/2016     EUR      69.74
Vontobel Financial P    10.15   3/29/2016     EUR      74.54
LBBW                     4.50   6/23/2017     EUR      51.69
Notenstein La Roche      4.20   4/10/2018     EUR      63.47
UBS AG/London            6.75    4/1/2016     CHF      57.24
HSBC Trinkaus & Burk     6.00   4/26/2016     EUR      73.00
UBS AG/London            3.20   12/9/2016     EUR      64.73
UBS AG/London            4.10   3/11/2016     EUR      64.21
Notenstein Finance G     9.00    4/1/2019     EUR      50.64
Vontobel Financial P     7.70   6/10/2016     EUR      58.90
Vontobel Financial P     6.30   6/10/2016     EUR      60.64
Vontobel Financial P     5.00   6/10/2016     EUR      62.62
Vontobel Financial P     3.85   6/10/2016     EUR      64.87
Vontobel Financial P    10.80   6/10/2016     EUR      56.07
Vontobel Financial P    12.45   6/10/2016     EUR      54.92
Vontobel Financial P     2.80   6/17/2016     EUR      67.43
Vontobel Financial P     9.25   6/10/2016     EUR      57.40
Vontobel Financial P    13.50   3/11/2016     EUR      52.56
Vontobel Financial P    11.40   3/11/2016     EUR      54.06
Vontobel Financial P     9.40   3/11/2016     EUR      55.72
Vontobel Financial P     7.55   3/11/2016     EUR      57.59
Vontobel Financial P     5.85   3/11/2016     EUR      59.68
Vontobel Financial P     4.40   3/11/2016     EUR      62.04
Vontobel Financial P     3.15   3/11/2016     EUR      64.68
Vontobel Financial P    12.15    4/6/2016     EUR      55.89
Vontobel Financial P     8.50   3/11/2016     EUR      73.65
Vontobel Financial P     9.90   3/11/2016     EUR      71.72
Vontobel Financial P    11.35   3/11/2016     EUR      69.90
Vontobel Financial P    10.70   6/10/2016     EUR      72.35
Vontobel Financial P     9.60   6/10/2016     EUR      73.93
Vontobel Financial P     3.30   6/10/2016     EUR      62.17
Vontobel Financial P     7.30   6/10/2016     EUR      59.02
Vontobel Financial P     9.40   6/10/2016     EUR      57.04
Vontobel Financial P     8.05   6/10/2016     EUR      58.09
Vontobel Financial P     5.40   6/10/2016     EUR      61.41
Vontobel Financial P     3.70   6/10/2016     EUR      64.26
Vontobel Financial P     6.50   6/10/2016     EUR      59.92
Vontobel Financial P     3.10   3/11/2016     EUR      64.26
Vontobel Financial P     5.00   3/11/2016     EUR      60.90
Vontobel Financial P     7.25   3/11/2016     EUR      58.03
Vontobel Financial P     8.30   3/11/2016     EUR      57.01
Vontobel Financial P     9.95   3/11/2016     EUR      55.60
Vontobel Financial P     8.25   6/10/2016     EUR      69.85
Vontobel Financial P     8.55    9/9/2016     EUR      67.06
Vontobel Financial P     6.35    9/9/2016     EUR      69.98
Vontobel Financial P     4.45    9/9/2016     EUR      73.64
Vontobel Financial P     4.90   3/11/2016     EUR      72.63
Vontobel Financial P     7.80   3/11/2016     EUR      67.96
Vontobel Financial P     5.75   6/10/2016     EUR      73.11
Vontobel Financial P     4.45   6/10/2016     EUR      59.77
Vontobel Financial P     5.90    9/9/2016     EUR      61.89
Vontobel Financial P     4.80    9/9/2016     EUR      63.63
Vontobel Financial P     3.80    9/9/2016     EUR      65.62
Vontobel Financial P     2.90    9/9/2016     EUR      67.92
Vontobel Financial P     8.30    9/9/2016     EUR      59.08
Vontobel Financial P     9.55    9/9/2016     EUR      57.94
Vontobel Financial P     7.05    9/9/2016     EUR      60.37
DZ Bank AG Deutsche     10.30   3/23/2016     EUR      69.43
WGZ-Bank AG Westdeut     4.50   9/27/2016     EUR      66.91
Vontobel Financial P     5.80   6/10/2016     EUR      55.66
Goldman Sachs & Co W     7.00   4/20/2016     EUR      71.95
Goldman Sachs & Co W    11.00   4/20/2016     EUR      73.20
Goldman Sachs & Co W    11.00   4/20/2016     EUR      73.20
Goldman Sachs & Co W    11.00   4/20/2016     EUR      73.20
Goldman Sachs & Co W     7.00   2/24/2016     EUR      57.16
Vontobel Financial P     3.55   3/11/2016     EUR      71.66
Vontobel Financial P     6.50   3/11/2016     EUR      73.77
Vontobel Financial P     6.50   6/10/2016     EUR      55.98
Vontobel Financial P     5.75   3/11/2016     EUR      54.85
Goldman Sachs & Co W    10.00   3/23/2016     EUR      58.37
Goldman Sachs & Co W    10.00   3/23/2016     EUR      58.37
Vontobel Financial P     4.85   6/10/2016     EUR      74.96
Vontobel Financial P     4.80   3/11/2016     EUR      68.24
Vontobel Financial P     6.60   3/11/2016     EUR      70.91
Vontobel Financial P     5.60   6/10/2016     EUR      71.89
DekaBank Deutsche Gi     2.80   9/16/2016     EUR      68.14
Commerzbank AG           6.00   3/24/2016     EUR      50.82
Vontobel Financial P    12.95  12/23/2016     EUR      72.73
Vontobel Financial P    13.90  12/23/2016     EUR      69.58
Vontobel Financial P    13.95  12/23/2016     EUR      71.73
Vontobel Financial P    12.85  12/23/2016     EUR      57.27
Vontobel Financial P     7.50   4/22/2016     EUR      70.40
Vontobel Financial P    10.00   4/22/2016     EUR      69.34
DekaBank Deutsche Gi     2.50   3/31/2017     EUR      69.49
DZ Bank AG Deutsche      5.00  12/28/2015     EUR      74.51
DZ Bank AG Deutsche      6.70  12/28/2015     EUR      70.32
DZ Bank AG Deutsche      7.30  12/28/2015     EUR      69.03
DZ Bank AG Deutsche      5.30   3/29/2016     EUR      74.23
DZ Bank AG Deutsche      6.00  12/28/2015     EUR      71.28
DZ Bank AG Deutsche      6.50  12/28/2015     EUR      69.92
DZ Bank AG Deutsche      7.25   9/23/2016     EUR      51.63
DZ Bank AG Deutsche      8.25   9/23/2016     EUR      52.37
DZ Bank AG Deutsche      8.50   3/29/2016     EUR      71.33
DZ Bank AG Deutsche      8.25   6/24/2016     EUR      73.23
DZ Bank AG Deutsche      6.75   9/23/2016     EUR      73.94
DZ Bank AG Deutsche      7.50   9/23/2016     EUR      74.49
DZ Bank AG Deutsche      5.00   9/23/2016     EUR      68.39
DZ Bank AG Deutsche      7.00   9/23/2016     EUR      52.56
DZ Bank AG Deutsche      7.50   6/24/2016     EUR      61.69
Zurcher Kantonalbank     7.12   4/15/2016     EUR      66.41
Credit Suisse AG/Nas     6.25  10/17/2016     EUR      56.90
Bank Julius Baer & C     8.90   4/15/2016     CHF      72.35
DZ Bank AG Deutsche      5.25   3/29/2016     EUR      68.23
DZ Bank AG Deutsche      5.25   3/29/2016     EUR      73.37
DZ Bank AG Deutsche     16.00   3/29/2016     EUR      25.45
DZ Bank AG Deutsche      5.50   3/29/2016     EUR      64.64
DZ Bank AG Deutsche      9.25   3/29/2016     EUR      66.50
Notenstein La Roche      8.30  10/17/2016     USD      51.10
Notenstein La Roche      7.30  10/17/2016     EUR      59.78
Notenstein La Roche      7.24  10/13/2016     EUR      61.56
Leonteq Securities A    12.00   7/20/2016     CHF      40.95
Leonteq Securities A    10.00   7/20/2016     CHF      72.96
Leonteq Securities A    10.00   1/20/2016     USD      62.57
Deutsche Bank AG         7.20   3/22/2016     EUR      74.60
Deutsche Bank AG         6.20   3/22/2016     EUR      74.40
Deutsche Bank AG         5.20   9/20/2016     EUR      74.00
Deutsche Bank AG         6.20   9/20/2016     EUR      74.70
Deutsche Bank AG         7.20   6/21/2016     EUR      73.80
Deutsche Bank AG         5.20   3/22/2016     EUR      74.10
Deutsche Bank AG         6.20   6/21/2016     EUR      73.30
Deutsche Bank AG         5.20   6/21/2016     EUR      72.80
Vontobel Financial P     9.00   3/29/2016     EUR      53.46
Vontobel Financial P    10.40  12/28/2015     EUR      44.00
Vontobel Financial P    13.75  12/28/2015     EUR      41.47
Vontobel Financial P     9.85  12/28/2015     EUR      74.10
Vontobel Financial P    11.40   3/29/2016     EUR      51.08
Zurcher Kantonalbank     6.50   4/10/2018     CHF      67.27
Vontobel Financial P    11.00  12/28/2015     EUR      72.65
Vontobel Financial P     9.60   3/29/2016     EUR      68.17
Vontobel Financial P    11.25  12/28/2015     EUR      67.78
Vontobel Financial P    10.90  12/28/2015     EUR      72.93
Landesbank Hessen-Th     9.50   5/15/2020     EUR      74.13
Deutsche Bank AG         6.20   3/22/2016     EUR      65.10
Deutsche Bank AG         5.20   3/22/2016     EUR      64.90
Deutsche Bank AG         5.20   3/22/2016     EUR      61.10
Deutsche Bank AG         6.20   3/22/2016     EUR      61.40
Deutsche Bank AG         6.20   3/22/2016     EUR      58.10
Deutsche Bank AG         5.20   3/22/2016     EUR      57.80
Deutsche Bank AG         5.20   3/22/2016     EUR      54.80
Deutsche Bank AG         6.20   3/22/2016     EUR      55.10
Deutsche Bank AG         6.20   6/21/2016     EUR      65.40
Deutsche Bank AG         5.20   6/21/2016     EUR      64.90
Deutsche Bank AG         6.20   6/21/2016     EUR      61.80
Deutsche Bank AG         5.20   6/21/2016     EUR      61.30
Deutsche Bank AG         6.20   6/21/2016     EUR      58.60
Deutsche Bank AG         5.20   6/21/2016     EUR      58.10
Deutsche Bank AG         5.20   6/21/2016     EUR      55.20
Deutsche Bank AG         6.20   6/21/2016     EUR      55.70
Deutsche Bank AG         6.20   9/20/2016     EUR      66.70
Deutsche Bank AG         5.20   9/20/2016     EUR      65.90
Deutsche Bank AG         6.20   9/20/2016     EUR      63.20
Deutsche Bank AG         5.20   9/20/2016     EUR      62.40
Deutsche Bank AG         5.20   9/20/2016     EUR      59.30
Deutsche Bank AG         6.20   9/20/2016     EUR      60.00
Deutsche Bank AG         5.20   9/20/2016     EUR      56.40
Deutsche Bank AG         6.20   9/20/2016     EUR      57.20
Goldman Sachs & Co W    20.00   3/23/2016     EUR      69.17
Goldman Sachs & Co W    14.00   5/25/2016     EUR      74.30
Goldman Sachs & Co W    19.00   5/25/2016     EUR      70.13
Goldman Sachs & Co W    18.00   5/25/2016     EUR      70.65
Goldman Sachs & Co W    21.00   5/25/2016     EUR      67.85
Goldman Sachs & Co W    22.00   4/20/2016     EUR      62.81
Goldman Sachs & Co W    13.00   5/25/2016     EUR      71.06
Goldman Sachs & Co W    18.00   5/25/2016     EUR      66.22
Goldman Sachs & Co W    21.00   5/25/2016     EUR      64.50
Goldman Sachs & Co W    22.00   4/20/2016     EUR      59.73
Goldman Sachs & Co W     9.00   5/25/2016     EUR      72.48
Goldman Sachs & Co W    15.00   5/25/2016     EUR      65.96
Goldman Sachs & Co W    18.00   5/25/2016     EUR      63.49
Goldman Sachs & Co W    22.00   5/25/2016     EUR      61.84
Goldman Sachs & Co W     8.00   9/21/2016     EUR      71.50
Goldman Sachs & Co W    22.00   2/24/2016     EUR      61.05
Goldman Sachs & Co W     6.00   5/25/2016     EUR      74.70
Goldman Sachs & Co W     8.00   5/25/2016     EUR      71.73
Goldman Sachs & Co W    10.00   5/25/2016     EUR      69.14
Goldman Sachs & Co W    15.00   5/25/2016     EUR      65.27
Goldman Sachs & Co W    18.00   5/25/2016     EUR      63.92
Goldman Sachs & Co W     5.00   5/25/2016     EUR      62.80
Goldman Sachs & Co W     6.00   5/25/2016     EUR      60.26
Goldman Sachs & Co W     9.00   5/25/2016     EUR      56.31
Goldman Sachs & Co W    14.00   5/25/2016     EUR      52.06
Goldman Sachs & Co W    20.00   5/25/2016     EUR      49.54
Goldman Sachs & Co W    22.00   5/25/2016     EUR      49.02
Goldman Sachs & Co W    21.00   6/22/2016     EUR      49.95
Goldman Sachs & Co W    14.00   5/25/2016     EUR      73.53
Goldman Sachs & Co W    22.00   3/23/2016     EUR      67.05
Goldman Sachs & Co W    14.00   5/25/2016     EUR      74.26
Goldman Sachs & Co W    19.00   5/25/2016     EUR      69.59
Goldman Sachs & Co W     5.00   5/25/2016     EUR      68.45
Goldman Sachs & Co W    10.00   5/25/2016     EUR      59.92
Goldman Sachs & Co W    15.00   5/25/2016     EUR      55.83
Goldman Sachs & Co W    19.00   5/25/2016     EUR      54.06
Goldman Sachs & Co W    23.00   3/23/2016     EUR      65.70
Goldman Sachs & Co W    15.00   5/25/2016     EUR      73.83
Vontobel Financial P     3.85   6/24/2016     EUR      62.42
Vontobel Financial P     3.05   3/29/2016     EUR      63.46
Vontobel Financial P     3.55  12/23/2016     EUR      63.33
Vontobel Financial P     3.70   9/23/2016     EUR      63.03
Vontobel Financial P     3.25  12/23/2016     EUR      68.78
Vontobel Financial P     3.45   9/23/2016     EUR      68.42
Vontobel Financial P     3.70   6/24/2016     EUR      67.91
Vontobel Financial P     3.00   3/29/2016     EUR      67.89
Societe Generale Eff     2.21  12/29/2015     EUR      72.14
Societe Generale Eff     2.90  12/29/2015     EUR      70.06
Societe Generale Eff     3.65  12/29/2015     EUR      68.13
Societe Generale Eff     4.51  12/29/2015     EUR      66.27
Societe Generale Eff     5.43  12/29/2015     EUR      64.53
Societe Generale Eff     2.65    1/6/2016     EUR      74.44
Societe Generale Eff     3.24    1/6/2016     EUR      72.16
Societe Generale Eff     3.94    1/6/2016     EUR      70.08
Societe Generale Eff     4.70    1/6/2016     EUR      68.12
Societe Generale Eff     5.55    1/6/2016     EUR      66.31
Societe Generale Eff     6.48    1/6/2016     EUR      64.96
Societe Generale Eff     3.96   3/29/2016     EUR      74.68
Societe Generale Eff     4.78   3/29/2016     EUR      72.66
Societe Generale Eff     5.68   3/29/2016     EUR      70.92
Societe Generale Eff     6.64   3/29/2016     EUR      69.33
Societe Generale Eff     5.22    4/7/2016     EUR      74.91
Societe Generale Eff     6.06    4/7/2016     EUR      73.24
Societe Generale Eff     6.97    4/7/2016     EUR      71.40
Societe Generale Eff     7.95    4/7/2016     EUR      69.99
Societe Generale Eff     5.15   6/24/2016     EUR      74.81
Societe Generale Eff     6.03   6/24/2016     EUR      73.33
Societe Generale Eff     6.98   6/24/2016     EUR      71.81
Societe Generale Eff     7.98   6/24/2016     EUR      70.28
Societe Generale Eff     7.13    7/7/2016     EUR      73.69
Societe Generale Eff     8.09    7/7/2016     EUR      72.39
Societe Generale Eff     9.09    7/7/2016     EUR      70.96
Societe Generale Eff     7.36   9/23/2016     EUR      74.74
Societe Generale Eff     8.35   9/23/2016     EUR      73.28
Societe Generale Eff     9.37   9/23/2016     EUR      72.20
Societe Generale Eff     8.47  10/10/2016     EUR      74.09
Societe Generale Eff     9.45  10/10/2016     EUR      72.82
Societe Generale Eff    10.48  10/10/2016     EUR      71.22
Goldman Sachs & Co W    10.00   3/23/2016     EUR      72.16
Goldman Sachs & Co W     6.00   5/25/2016     EUR      72.14
Goldman Sachs & Co W    10.00   5/25/2016     EUR      73.77
Goldman Sachs & Co W     8.00   5/25/2016     EUR      72.95
Goldman Sachs & Co W    11.00   5/25/2016     EUR      74.17
Goldman Sachs & Co W     6.00   6/22/2016     EUR      72.51
Goldman Sachs & Co W    11.00   4/20/2016     EUR      67.36
Goldman Sachs & Co W    11.00   4/20/2016     EUR      67.36
Goldman Sachs & Co W     5.00   5/25/2016     EUR      65.86
Goldman Sachs & Co W     6.00   5/25/2016     EUR      66.27
Goldman Sachs & Co W     8.00   5/25/2016     EUR      67.08
Goldman Sachs & Co W    10.00   5/25/2016     EUR      67.90
Goldman Sachs & Co W    12.00   5/25/2016     EUR      68.72
Goldman Sachs & Co W     7.00   4/20/2016     EUR      51.84
Goldman Sachs & Co W     5.00   5/25/2016     EUR      50.22
Goldman Sachs & Co W     7.00   5/25/2016     EUR      51.04
Goldman Sachs & Co W    10.00   5/25/2016     EUR      52.26
Goldman Sachs & Co W    12.00   5/25/2016     EUR      53.07
Goldman Sachs & Co W    12.00   5/25/2016     EUR      53.07
Goldman Sachs & Co W    12.00   5/25/2016     EUR      53.07
Goldman Sachs & Co W     5.00   5/25/2016     EUR      57.41
Goldman Sachs & Co W     6.00   5/25/2016     EUR      57.82
Goldman Sachs & Co W     7.00   5/25/2016     EUR      58.22
Goldman Sachs & Co W    10.00   5/25/2016     EUR      59.44
Goldman Sachs & Co W     8.00   5/25/2016     EUR      58.63
Goldman Sachs & Co W    10.00   5/25/2016     EUR      59.44
Goldman Sachs & Co W    10.00   5/25/2016     EUR      59.44
Vontobel Financial P     6.90  12/28/2015     EUR      69.32
Vontobel Financial P     5.85   3/29/2016     EUR      71.83
UBS AG/London            9.75   4/11/2016     CHF      51.55
UBS AG/London            7.00   4/11/2016     CHF      55.56
DZ Bank AG Deutsche     13.50  12/28/2015     EUR      66.16
DZ Bank AG Deutsche     10.25   6/24/2016     EUR      71.95
DZ Bank AG Deutsche     10.00  12/28/2015     EUR      52.10
DZ Bank AG Deutsche      8.50   3/29/2016     EUR      55.93
DZ Bank AG Deutsche     12.25   3/29/2016     EUR      53.51
Vontobel Financial P     6.75   4/11/2016     EUR      65.37
DekaBank Deutsche Gi     4.30   10/7/2016     EUR      74.61
DekaBank Deutsche Gi     4.20   10/7/2016     EUR      57.52
DekaBank Deutsche Gi     3.00    4/1/2016     EUR      67.76
Bank Julius Baer & C     9.10   4/14/2016     CHF      73.00
Bank Julius Baer & C    11.10   4/14/2016     EUR      48.05
Vontobel Financial P     8.30   3/29/2016     EUR      58.66
Vontobel Financial P     7.05  12/28/2015     EUR      57.70
Vontobel Financial P    11.60   4/14/2016     EUR      48.00
Vontobel Financial P    10.25  12/28/2015     EUR      54.55
Vontobel Financial P     3.95   3/29/2016     EUR      64.62
DZ Bank AG Deutsche      6.50   3/21/2016     EUR      72.93
DZ Bank AG Deutsche      6.50   6/20/2016     EUR      74.43
DZ Bank AG Deutsche     10.50   3/29/2016     EUR      60.34
BNP Paribas Emission    10.00   1/21/2016     EUR      70.39
BNP Paribas Emission     4.00   1/21/2016     EUR      74.24
BNP Paribas Emission     4.00   7/21/2016     EUR      73.89
BNP Paribas Emission     5.50   7/21/2016     EUR      72.24
DZ Bank AG Deutsche      6.50   3/29/2016     EUR      68.45
Commerzbank AG          15.00   3/24/2016     EUR      61.43
Commerzbank AG           8.50   3/24/2016     EUR      67.51
Commerzbank AG          11.00   1/21/2016     EUR      67.80
Commerzbank AG           9.50   3/24/2016     EUR      69.36
Vontobel Financial P    17.90    4/6/2016     EUR      58.92
Vontobel Financial P     8.50    4/6/2016     EUR      69.72
Commerzbank AG           7.75   3/24/2016     EUR      73.86
Commerzbank AG          10.00   3/24/2016     EUR      70.76
Commerzbank AG           5.00   3/24/2016     EUR      71.94
Commerzbank AG           7.00   3/24/2016     EUR      68.79
Commerzbank AG           9.25   3/24/2016     EUR      66.04
Commerzbank AG           5.75   3/24/2016     EUR      72.61
Commerzbank AG           5.00   3/24/2016     EUR      56.39
Commerzbank AG           7.00   3/24/2016     EUR      53.91
Commerzbank AG           9.25   3/24/2016     EUR      51.79
Commerzbank AG           5.00   3/24/2016     EUR      61.97
Commerzbank AG           7.00   3/24/2016     EUR      59.30
Commerzbank AG           9.25   3/24/2016     EUR      56.98
Commerzbank AG           5.00   3/24/2016     EUR      60.91
Commerzbank AG           7.25   3/24/2016     EUR      58.42
Leonteq Securities A     7.20   4/24/2017     EUR      65.48
HSBC Trinkaus & Burk    13.00   6/24/2016     EUR      49.64
HSBC Trinkaus & Burk    11.00   6/24/2016     EUR      51.10
HSBC Trinkaus & Burk     9.00   6/24/2016     EUR      52.61
HSBC Trinkaus & Burk    13.00   1/22/2016     EUR      46.97
HSBC Trinkaus & Burk    11.20   4/22/2016     EUR      49.55
HSBC Trinkaus & Burk    12.50  12/28/2015     EUR      73.17
HSBC Trinkaus & Burk    13.00   6/24/2016     EUR      72.63
HSBC Trinkaus & Burk    13.20  12/28/2015     EUR      64.71
HSBC Trinkaus & Burk     7.60  12/28/2015     EUR      71.05
HSBC Trinkaus & Burk    13.00   6/24/2016     EUR      68.45
HSBC Trinkaus & Burk    10.70   6/24/2016     EUR      70.96
HSBC Trinkaus & Burk     8.60   9/23/2016     EUR      73.87
HSBC Trinkaus & Burk    10.80   1/22/2016     EUR      68.47
HSBC Trinkaus & Burk     9.50   4/22/2016     EUR      70.53
HSBC Trinkaus & Burk    13.20   6/24/2016     EUR      62.05
HSBC Trinkaus & Burk    11.80   6/24/2016     EUR      63.21
HSBC Trinkaus & Burk     7.70   6/24/2016     EUR      67.45
HSBC Trinkaus & Burk     8.10   9/23/2016     EUR      67.29
HSBC Trinkaus & Burk    13.50   6/24/2016     EUR      49.86
HSBC Trinkaus & Burk    11.90   6/24/2016     EUR      50.66
HSBC Trinkaus & Burk     9.20   9/23/2016     EUR      53.32
HSBC Trinkaus & Burk    11.40   1/22/2016     EUR      48.63
HSBC Trinkaus & Burk     9.90   4/22/2016     EUR      51.03
HSBC Trinkaus & Burk    11.90  12/28/2015     EUR      67.12
HSBC Trinkaus & Burk    12.20   6/24/2016     EUR      72.27
HSBC Trinkaus & Burk    12.70  12/28/2015     EUR      52.36
HSBC Trinkaus & Burk    12.00   6/24/2016     EUR      57.06
HSBC Trinkaus & Burk     7.40   6/24/2016     EUR      61.40
HSBC Trinkaus & Burk     8.00   9/23/2016     EUR      61.37
HSBC Trinkaus & Burk     9.70   1/22/2016     EUR      56.68
HSBC Trinkaus & Burk     8.60   4/22/2016     EUR      58.68
HSBC Trinkaus & Burk    15.90   6/24/2016     EUR      62.44
HSBC Trinkaus & Burk    13.70   6/24/2016     EUR      65.04
HSBC Trinkaus & Burk    13.20   6/24/2016     EUR      71.91
HSBC Trinkaus & Burk    10.50   1/22/2016     EUR      74.88
HSBC Trinkaus & Burk    10.80   6/24/2016     EUR      67.07
HSBC Trinkaus & Burk     8.50   6/24/2016     EUR      69.33
HSBC Trinkaus & Burk     7.20   1/22/2016     EUR      70.45
HSBC Trinkaus & Burk     6.40   4/22/2016     EUR      71.92
HSBC Trinkaus & Burk    15.80  12/28/2015     EUR      71.99
HSBC Trinkaus & Burk    13.20   6/24/2016     EUR      71.92
HSBC Trinkaus & Burk    12.00   6/24/2016     EUR      73.18
HSBC Trinkaus & Burk    11.90  12/28/2015     EUR      52.13
HSBC Trinkaus & Burk    12.20  12/28/2015     EUR      59.75
HSBC Trinkaus & Burk     9.30   3/25/2016     EUR      65.87
HSBC Trinkaus & Burk    16.40  12/28/2015     EUR      71.42
HSBC Trinkaus & Burk    16.70  12/28/2015     EUR      71.32
HSBC Trinkaus & Burk    16.90  12/28/2015     EUR      66.73
HSBC Trinkaus & Burk    13.90   6/24/2016     EUR      68.32
HSBC Trinkaus & Burk    12.20   6/24/2016     EUR      70.03
HSBC Trinkaus & Burk     8.90   9/23/2016     EUR      74.90
HSBC Trinkaus & Burk    11.80   1/22/2016     EUR      70.73
HSBC Trinkaus & Burk    10.20   4/22/2016     EUR      72.95
Bank Julius Baer & C     6.40   4/18/2016     CHF      69.75
Landesbank Hessen-Th     5.00  11/15/2016     EUR      62.00
Deutsche Bank AG         4.20   9/20/2016     EUR      73.00
Deutsche Bank AG         4.20   3/22/2016     EUR      72.50
Goldman Sachs & Co W    10.00   1/20/2016     EUR      59.08
Goldman Sachs & Co W     6.00   2/24/2016     EUR      59.44
Goldman Sachs & Co W    11.00   2/24/2016     EUR      60.23
Goldman Sachs & Co W    11.00   3/23/2016     EUR      61.03
Vontobel Financial P     3.30   6/10/2016     EUR      70.92
Vontobel Financial P     3.90   6/10/2016     EUR      69.51
Vontobel Financial P     3.90   6/10/2016     EUR      69.51
Vontobel Financial P     2.80   6/10/2016     EUR      72.43
Goldman Sachs & Co W    18.00   1/20/2016     EUR      74.95
Goldman Sachs & Co W    19.00   2/24/2016     EUR      73.92
Goldman Sachs & Co W    20.00   2/24/2016     EUR      72.09
Leonteq Securities A     7.35   3/23/2016     EUR      57.34
Vontobel Financial P     3.60   3/11/2016     EUR      70.43
Vontobel Financial P     3.05   6/10/2016     EUR      70.61
Goldman Sachs & Co W     8.00   1/20/2016     EUR      74.13
Zurcher Kantonalbank    12.03   3/11/2016     EUR      44.10
Leonteq Securities A    11.50    6/1/2016     CHF      71.57
Notenstein La Roche      9.00  11/22/2016     CHF      35.65
UBS AG/London            9.75   5/13/2016     CHF      55.82
Bank Julius Baer & C     7.00   5/25/2016     USD      67.10
Bank Julius Baer & C     6.70   5/25/2016     EUR      63.15
Banque Cantonale Vau     9.10   5/27/2016     EUR      68.28
Leonteq Securities A    10.40    3/9/2016     USD      49.66
Notenstein La Roche      6.50   3/13/2017     EUR      71.39
Leonteq Securities A     9.60    3/9/2016     USD      65.85
Leonteq Securities A    11.00   5/26/2016     EUR      66.67
UniCredit Bank AG        5.50   3/24/2016     EUR      63.94
UniCredit Bank AG        4.30   3/24/2016     EUR      71.34
UniCredit Bank AG        5.20   3/24/2016     EUR      65.63
UniCredit Bank AG        4.65   3/24/2016     EUR      69.01
UniCredit Bank AG        5.35   3/24/2016     EUR      64.78
UniCredit Bank AG        5.00   3/24/2016     EUR      66.82
UniCredit Bank AG        4.10   3/24/2016     EUR      72.74
DZ Bank AG Deutsche      5.60   6/20/2016     EUR      74.63
UniCredit Bank AG        5.10   3/24/2016     EUR      66.22
UniCredit Bank AG        4.80   3/24/2016     EUR      68.05
UniCredit Bank AG        4.25   3/24/2016     EUR      71.68
Vontobel Financial P     5.50   6/24/2016     EUR      61.17
UniCredit Bank AG        4.80   3/24/2016     EUR      73.45
UniCredit Bank AG        4.80   3/24/2016     EUR      68.95
UniCredit Bank AG        4.40   3/24/2016     EUR      72.75
UniCredit Bank AG        5.95   3/24/2016     EUR      61.57
UniCredit Bank AG        5.80   3/24/2016     EUR      62.34
UniCredit Bank AG        4.45   3/24/2016     EUR      70.33
UniCredit Bank AG        4.20   3/24/2016     EUR      72.03
UniCredit Bank AG        4.50   3/24/2016     EUR      71.42
Vontobel Financial P     7.65   5/27/2016     EUR      67.05
UniCredit Bank AG        5.40   3/24/2016     EUR      64.50
UniCredit Bank AG        5.30   3/24/2016     EUR      65.06
UniCredit Bank AG        4.90   3/24/2016     EUR      67.43
UniCredit Bank AG        4.40   3/24/2016     EUR      70.66
UniCredit Bank AG        6.00   3/24/2016     EUR      61.28
UniCredit Bank AG        4.50   3/24/2016     EUR      69.99
Credit Suisse AG/Nas     7.00   9/16/2016     CHF      36.12
UBS AG/London            7.25    3/4/2016     CHF      63.06
DZ Bank AG Deutsche      2.00  12/16/2016     EUR      72.11
HSBC Trinkaus & Burk     4.60   3/25/2016     EUR      65.08
Vontobel Financial P     5.00   9/30/2016     EUR      63.95
Vontobel Financial P     5.70   5/27/2016     EUR      61.72
HSBC Trinkaus & Burk     3.50   3/25/2016     EUR      61.97
DZ Bank AG Deutsche     10.00   3/29/2016     EUR      71.78
DZ Bank AG Deutsche      7.00   3/29/2016     EUR      50.68
HSBC Trinkaus & Burk     4.20  12/28/2015     EUR      73.79
HSBC Trinkaus & Burk     3.70   3/25/2016     EUR      74.51
DZ Bank AG Deutsche      8.50   6/20/2016     EUR      57.36
Bank Julius Baer & C     9.50   5/27/2016     EUR      60.45
WGZ-Bank AG Westdeut     6.00   6/22/2016     EUR      71.19
UniCredit Bank AG        4.00    7/4/2016     EUR      67.28
Vontobel Financial P     2.40   2/26/2016     EUR      73.14
HSBC Trinkaus & Burk    11.10   9/23/2016     EUR      49.23
HSBC Trinkaus & Burk    10.90   5/27/2016     EUR      47.84
DZ Bank AG Deutsche      4.90   6/20/2016     EUR      64.77
HSBC Trinkaus & Burk    13.60   3/25/2016     EUR      69.34
HSBC Trinkaus & Burk    12.10   6/24/2016     EUR      70.83
HSBC Trinkaus & Burk    12.70   9/23/2016     EUR      70.69
HSBC Trinkaus & Burk    10.90   9/23/2016     EUR      72.58
HSBC Trinkaus & Burk    11.00   2/26/2016     EUR      71.93
HSBC Trinkaus & Burk     9.90   5/27/2016     EUR      73.55
HSBC Trinkaus & Burk    11.50   9/23/2016     EUR      61.79
HSBC Trinkaus & Burk    11.40   2/26/2016     EUR      74.31
Leonteq Securities A    10.00   6/20/2016     CHF      74.90
HSBC Trinkaus & Burk     8.40   6/24/2016     EUR      69.12
Goldman Sachs & Co W    11.00   6/22/2016     EUR      65.50
DZ Bank AG Deutsche      8.25   6/24/2016     EUR      46.55
DZ Bank AG Deutsche      6.75   3/29/2016     EUR      55.51
LBBW                     3.00   6/24/2016     EUR      55.38
LBBW                     3.00   6/24/2016     EUR      73.76
Vontobel Financial P    12.90  12/28/2015     EUR      73.15
LBBW                     4.00   6/24/2016     EUR      60.24
Vontobel Financial P     4.35   6/24/2016     EUR      72.86
LBBW                     3.00   6/24/2016     EUR      69.98
LBBW                     4.00   6/24/2016     EUR      67.86
LBBW                     6.00   6/24/2016     EUR      64.82
Notenstein La Roche      6.30  11/29/2016     GBP      73.57
Notenstein La Roche      6.00  11/29/2016     EUR      63.40
Vontobel Financial P    10.80   6/24/2016     EUR      51.65
Vontobel Financial P     6.65   6/24/2016     EUR      55.87
Vontobel Financial P     4.50   3/29/2016     EUR      68.24
Vontobel Financial P     4.80   6/24/2016     EUR      68.35
Leonteq Securities A    11.20   8/29/2016     CHF      66.83
Leonteq Securities A    10.40    9/1/2016     CHF      39.10
Goldman Sachs & Co W    21.00   6/22/2016     EUR      60.66
Goldman Sachs & Co W    23.00   2/24/2016     EUR      49.46
Goldman Sachs & Co W    15.00   4/20/2016     EUR      54.38
Goldman Sachs & Co W    10.00   9/21/2016     EUR      59.79
Goldman Sachs & Co W    17.00   9/21/2016     EUR      55.50
Zurcher Kantonalbank     3.80   5/22/2017     EUR      65.34
Goldman Sachs & Co W    21.00   1/20/2016     EUR      72.19
Goldman Sachs & Co W    21.00   2/24/2016     EUR      72.25
Goldman Sachs & Co W    18.00   4/20/2016     EUR      74.55
Goldman Sachs & Co W    15.00   4/20/2016     EUR      74.54
UBS AG/London            5.50   5/23/2016     CHF      72.02
Goldman Sachs & Co W     9.00   4/20/2016     EUR      66.90
Goldman Sachs & Co W    19.00   4/20/2016     EUR      58.79
Goldman Sachs & Co W     5.00   9/21/2016     EUR      74.25
Goldman Sachs & Co W     9.00   9/21/2016     EUR      67.80
Goldman Sachs & Co W    16.00   9/21/2016     EUR      62.36
Goldman Sachs & Co W    13.00   9/21/2016     EUR      63.28
Goldman Sachs & Co W     7.00   2/24/2016     EUR      74.88
Goldman Sachs & Co W    19.00   3/23/2016     EUR      64.79
Goldman Sachs & Co W    15.00   4/20/2016     EUR      67.91
Goldman Sachs & Co W    17.00   4/20/2016     EUR      65.66
Goldman Sachs & Co W     8.00   9/21/2016     EUR      74.28
Goldman Sachs & Co W     5.00   4/20/2016     EUR      61.12
Goldman Sachs & Co W     7.00   4/20/2016     EUR      56.39
Goldman Sachs & Co W    15.00   4/20/2016     EUR      48.86
Goldman Sachs & Co W    19.00   4/20/2016     EUR      47.05
Goldman Sachs & Co W     6.00   9/21/2016     EUR      59.24
Goldman Sachs & Co W    10.00   9/21/2016     EUR      53.67
Goldman Sachs & Co W    16.00   9/21/2016     EUR      51.60
Goldman Sachs & Co W    19.00   4/20/2016     EUR      72.43
Goldman Sachs & Co W     5.00   4/20/2016     EUR      68.75
Goldman Sachs & Co W    15.00   4/20/2016     EUR      58.86
Bank Julius Baer & C     9.75   3/11/2016     EUR      50.40
Vontobel Financial P     6.60   5/27/2016     EUR      71.36
DZ Bank AG Deutsche      5.75   3/29/2016     EUR      74.64
DZ Bank AG Deutsche      5.00   3/29/2016     EUR      68.01
DZ Bank AG Deutsche      4.75   3/21/2016     EUR      62.00
DZ Bank AG Deutsche      5.50   6/20/2016     EUR      60.65
DZ Bank AG Deutsche      7.25   6/20/2016     EUR      56.77
DZ Bank AG Deutsche      5.00   9/23/2016     EUR      64.23
Bank Julius Baer & C     4.30    6/2/2016     CHF      70.70
Commerzbank AG           9.00   2/25/2016     EUR      61.14
Commerzbank AG          10.00   2/25/2016     EUR      50.80
Commerzbank AG           9.75   2/25/2016     EUR      63.93
Vontobel Financial P    21.15   3/29/2016     EUR      69.08
Raiffeisen Centroban     6.88   3/30/2017     EUR      57.90
Vontobel Financial P     9.00   9/23/2016     EUR      47.61
Leonteq Securities A    10.00   6/20/2016     CHF      66.43
Vontobel Financial P     6.30   9/23/2016     EUR      72.03
Vontobel Financial P     7.35   6/24/2016     EUR      71.12
Vontobel Financial P     7.05   3/29/2016     EUR      72.14
Credit Suisse AG/Lon     7.00   3/21/2016     CHF      71.69
Commerzbank AG          23.00   3/24/2016     EUR      70.09
Vontobel Financial P     8.00   9/29/2017     EUR      58.66
SAir Group               2.75   7/30/2004     CHF      11.00
Lehman Brothers Trea     5.25  11/21/2009     USD       3.01
Municipality Finance     0.50  12/14/2018     TRY      72.35
Western High-Speed D     9.15    2/6/2032     RUB      56.01
LBBW                     2.50   2/26/2016     EUR      72.77
LBBW                     3.50   2/26/2016     EUR      70.68
LBBW                     4.50   2/26/2016     EUR      69.25
LBBW                     2.50   2/26/2016     EUR      69.79
LBBW                     4.00   2/26/2016     EUR      66.91
LBBW                     2.50   2/26/2016     EUR      67.94
LBBW                     4.50   2/26/2016     EUR      65.03
LBBW                     2.50   2/26/2016     EUR      61.43
LBBW                     3.50   2/26/2016     EUR      59.78
LBBW                     4.50   2/26/2016     EUR      58.24
LBBW                     2.50   2/26/2016     EUR      68.03
LBBW                     3.50   2/26/2016     EUR      66.01
LBBW                     4.50   2/26/2016     EUR      64.64
LBBW                     2.50   6/23/2017     EUR      64.72
LBBW                     4.00   6/23/2017     EUR      61.72
LBBW                     5.50   6/23/2017     EUR      59.81
LBBW                     3.00   6/23/2017     EUR      71.27
LBBW                     4.00   6/23/2017     EUR      69.28
LBBW                     5.00   6/23/2017     EUR      67.67
LBBW                     6.00   6/23/2017     EUR      66.59
Leonteq Securities A    16.40   9/15/2016     CHF      59.38
Leonteq Securities A    10.40   9/15/2016     CHF      63.81
Notenstein La Roche      7.00  12/12/2016     EUR      68.32
UniCredit Bank AG        4.00  12/22/2016     EUR      65.48
UniCredit Bank AG        4.00  12/22/2016     EUR      64.90
UniCredit Bank AG        4.00  12/22/2016     EUR      59.01
UniCredit Bank AG        4.00  12/22/2016     EUR      66.09
UniCredit Bank AG        4.00  12/22/2016     EUR      56.43
UniCredit Bank AG        4.00  12/22/2016     EUR      67.35
UniCredit Bank AG        4.00  12/22/2016     EUR      61.74
Commerzbank AG           8.25   5/26/2016     EUR      66.35
DZ Bank AG Deutsche      4.70   3/21/2016     EUR      58.90
Commerzbank AG          10.00   5/26/2016     EUR      45.82
Commerzbank AG          11.50   5/26/2016     EUR      68.73
Commerzbank AG          12.00   5/26/2016     EUR      70.70
Commerzbank AG           7.75   5/26/2016     EUR      69.66
Commerzbank AG          11.50   5/26/2016     EUR      64.69
Commerzbank AG           6.75   5/26/2016     EUR      73.02
Commerzbank AG           9.50   5/26/2016     EUR      70.15
Commerzbank AG           6.50   5/26/2016     EUR      61.32
Commerzbank AG           7.25   5/26/2016     EUR      60.42
Commerzbank AG           8.00   5/26/2016     EUR      59.57
Vontobel Financial P    17.15   6/24/2016     EUR      71.85
Vontobel Financial P    16.10   6/24/2016     EUR      74.32
Vontobel Financial P    11.00   4/22/2016     EUR      69.53
Commerzbank AG           5.75   5/26/2016     EUR      66.65
Commerzbank AG           8.25   5/26/2016     EUR      63.84
Commerzbank AG           6.25   5/26/2016     EUR      68.33
Commerzbank AG           9.25   5/26/2016     EUR      64.77
Bank Julius Baer & C     7.30   6/13/2016     USD      60.85
Credit Suisse AG/Nas     6.38   6/12/2017     EUR      66.88
DZ Bank AG Deutsche      6.75   6/24/2016     EUR      69.63
EFG International Fi     9.10   3/23/2016     USD      42.60
Vontobel Financial P    10.35   3/29/2016     EUR      74.56
Landesbank Hessen-Th     6.30  10/17/2016     EUR      69.20
Bank Julius Baer & C     9.00   3/24/2016     USD      73.10
HSBC Trinkaus & Burk    14.10   9/23/2016     EUR      63.98
HSBC Trinkaus & Burk    13.30   5/27/2016     EUR      63.77
WGZ-Bank AG Westdeut     5.50   2/22/2016     EUR      60.85
WGZ-Bank AG Westdeut     3.00   2/22/2016     EUR      66.96
WGZ-Bank AG Westdeut     5.50   2/22/2016     EUR      60.81
DZ Bank AG Deutsche      8.00   3/21/2016     EUR      73.37
DZ Bank AG Deutsche      8.00   6/20/2016     EUR      72.25
DZ Bank AG Deutsche      8.25   3/21/2016     EUR      55.70
Vontobel Financial P     9.50   6/24/2016     EUR      60.08
Vontobel Financial P    10.25   3/29/2016     EUR      58.64
Vontobel Financial P    12.25  12/28/2015     EUR      54.63
DZ Bank AG Deutsche      8.75   3/29/2016     EUR      65.32
DZ Bank AG Deutsche      4.60   3/21/2016     EUR      69.53
Vontobel Financial P     6.90   9/23/2016     EUR      62.61
Vontobel Financial P     7.60   3/29/2016     EUR      61.52
Vontobel Financial P     3.05  12/23/2016     EUR      68.58
Vontobel Financial P     8.40   9/23/2016     EUR      54.41
Goldman Sachs & Co W    11.00   9/21/2016     EUR      54.08
Goldman Sachs & Co W    11.00   9/21/2016     EUR      54.08
Goldman Sachs & Co W    10.00   3/23/2016     EUR      74.33
UBS AG                  10.50   6/24/2016     EUR      71.07
Goldman Sachs & Co W     9.00   9/21/2016     EUR      61.74
Goldman Sachs & Co W     9.00   9/21/2016     EUR      61.74
Leonteq Securities A    12.20    7/7/2016     EUR      63.13
Goldman Sachs & Co W    18.00   4/20/2016     EUR      73.97
Goldman Sachs & Co W    14.00   2/24/2016     EUR      72.07
Goldman Sachs & Co W     8.00   4/20/2016     EUR      71.42
Goldman Sachs & Co W     6.00   9/21/2016     EUR      74.98
Goldman Sachs & Co W    22.00   1/20/2016     EUR      58.77
Goldman Sachs & Co W     5.00   6/22/2016     EUR      74.68
Goldman Sachs & Co W     9.00   4/20/2016     EUR      54.67
Goldman Sachs & Co W    24.00   1/20/2016     EUR      62.49
Vontobel Financial P     6.65   6/24/2016     EUR      62.92
Goldman Sachs & Co W     6.00   4/20/2016     EUR      65.95
UBS AG                  18.00   6/24/2016     EUR      64.72
UBS AG                  14.00   6/24/2016     EUR      62.71
Vontobel Financial P     6.70   6/24/2016     EUR      63.28
Societe Generale Eff    15.68  10/10/2016     EUR      56.61
Societe Generale Eff    12.62    7/7/2016     EUR      49.57
Societe Generale Eff     8.26  10/10/2016     EUR      55.76
Societe Generale Eff     6.54    7/7/2016     EUR      70.80
Deutsche Bank AG         4.20   6/21/2016     EUR      71.70
Deutsche Bank AG         4.20   9/20/2016     EUR      72.60
Deutsche Bank AG         6.20   9/20/2016     EUR      74.10
Deutsche Bank AG         6.20   9/20/2016     EUR      65.70
Deutsche Bank AG         4.40   6/27/2016     EUR      71.26
Deutsche Bank AG         6.20   9/20/2016     EUR      67.90
Goldman Sachs & Co W     4.00  12/21/2016     EUR      64.37
Goldman Sachs & Co W    10.00  12/21/2016     EUR      70.24
Goldman Sachs & Co W     5.00  12/21/2016     EUR      59.03
Goldman Sachs & Co W     6.00  12/21/2016     EUR      65.45
Goldman Sachs & Co W    21.00   6/22/2016     EUR      73.47
Deutsche Bank AG         6.20   3/22/2016     EUR      73.40
Deutsche Bank AG         6.20   3/22/2016     EUR      71.30
Deutsche Bank AG         4.20   6/21/2016     EUR      74.10
Goldman Sachs & Co W     9.00   7/20/2016     EUR      70.74
Goldman Sachs & Co W    19.00   7/20/2016     EUR      64.31
Deutsche Bank AG         4.20   6/21/2016     EUR      67.00
Goldman Sachs & Co W    10.00  12/21/2016     EUR      70.92
Deutsche Bank AG         4.20   9/20/2016     EUR      71.40
Deutsche Bank AG         4.20   9/20/2016     EUR      68.00
Goldman Sachs & Co W    21.00   5/25/2016     EUR      70.53
Goldman Sachs & Co W    10.00   7/20/2016     EUR      60.57
Goldman Sachs & Co W     6.00  12/21/2016     EUR      65.67
Goldman Sachs & Co W     9.00  12/21/2016     EUR      63.46
Deutsche Bank AG         6.20   6/21/2016     EUR      51.20
Deutsche Bank AG         6.20   9/20/2016     EUR      56.80
Deutsche Bank AG         6.20   9/20/2016     EUR      52.60
Goldman Sachs & Co W    21.00   6/22/2016     EUR      71.98
Goldman Sachs & Co W    20.00   7/20/2016     EUR      72.86
Goldman Sachs & Co W     7.00   7/20/2016     EUR      70.05
Goldman Sachs & Co W     9.00   7/20/2016     EUR      68.21
Deutsche Bank AG         4.20   3/22/2016     EUR      59.30
Deutsche Bank AG         6.20   3/22/2016     EUR      57.30
Deutsche Bank AG         4.20   3/22/2016     EUR      54.60
Deutsche Bank AG         4.20   6/21/2016     EUR      59.60
Deutsche Bank AG         6.20   6/21/2016     EUR      58.20
Deutsche Bank AG         4.20   6/21/2016     EUR      57.20
Deutsche Bank AG         4.20   6/21/2016     EUR      55.00
Deutsche Bank AG         4.20   9/20/2016     EUR      63.00
Deutsche Bank AG         6.20   9/20/2016     EUR      64.50
Deutsche Bank AG         4.20   9/20/2016     EUR      60.50
Deutsche Bank AG         6.20   9/20/2016     EUR      61.90
Deutsche Bank AG         6.20   9/20/2016     EUR      59.60
Deutsche Bank AG         4.20   9/20/2016     EUR      58.10
Deutsche Bank AG         5.50   3/22/2016     EUR      43.00
Deutsche Bank AG         5.50   6/21/2016     EUR      42.70
Deutsche Bank AG         5.50   3/22/2016     EUR      65.90
Deutsche Bank AG         5.50   6/21/2016     EUR      64.60
LBBW                     3.15  11/25/2016     EUR      52.75
Deutsche Bank AG         5.50   6/21/2016     EUR      68.40
Deutsche Bank AG         5.50   3/22/2016     EUR      64.90
Deutsche Bank AG         5.50   3/22/2016     EUR      61.20
Deutsche Bank AG         5.50   6/21/2016     EUR      65.10
Bank J Safra Sarasin     9.70   6/15/2016     CHF      60.52
Commerzbank AG          12.00   3/24/2016     EUR      65.85
Commerzbank AG           9.00   3/24/2016     EUR      73.05
Commerzbank AG          12.25   3/24/2016     EUR      73.40
Commerzbank AG          10.25   3/24/2016     EUR      40.53
Commerzbank AG           4.75   3/24/2016     EUR      73.12
Commerzbank AG           7.25   3/24/2016     EUR      66.34
Commerzbank AG           5.00   3/24/2016     EUR      53.74
UBS AG/London            6.00   3/29/2016     CHF      71.95
UBS AG/London            4.00   3/29/2016     CHF      73.65
UniCredit Bank AG        5.60   3/24/2016     EUR      57.03
UniCredit Bank AG        5.05   3/24/2016     EUR      59.53
UniCredit Bank AG        4.70   3/24/2016     EUR      74.25
UniCredit Bank AG        5.80   3/24/2016     EUR      56.18
UniCredit Bank AG        4.50   3/24/2016     EUR      72.82
UniCredit Bank AG        5.00   3/24/2016     EUR      63.80
UniCredit Bank AG        6.00   3/24/2016     EUR      55.36
DZ Bank AG Deutsche      7.50   6/20/2016     EUR      69.93
DZ Bank AG Deutsche      6.25   6/20/2016     EUR      69.33
DZ Bank AG Deutsche      6.25   9/19/2016     EUR      70.58
UniCredit Bank AG        4.80   3/24/2016     EUR      73.11
UniCredit Bank AG        5.50   3/24/2016     EUR      70.10
UniCredit Bank AG        4.40   3/24/2016     EUR      73.58
DZ Bank AG Deutsche      6.25   6/20/2016     EUR      69.69
DZ Bank AG Deutsche      5.75   9/19/2016     EUR      70.43
UniCredit Bank AG        5.30   3/24/2016     EUR      58.37
UniCredit Bank AG        4.80   3/24/2016     EUR      60.72
UniCredit Bank AG        4.95   3/24/2016     EUR      60.02
UniCredit Bank AG        4.50   3/24/2016     EUR      71.44
UniCredit Bank AG        5.85   3/24/2016     EUR      55.97
UniCredit Bank AG        4.50   3/24/2016     EUR      67.03
DZ Bank AG Deutsche      6.00   3/29/2016     EUR      68.64
UniCredit Bank AG        5.45   3/24/2016     EUR      57.69
UniCredit Bank AG        5.90   3/24/2016     EUR      55.77
UniCredit Bank AG        4.80   3/24/2016     EUR      71.74
UniCredit Bank AG        4.60   3/24/2016     EUR      65.93
Commerzbank AG           9.00   3/24/2016     EUR      73.74
Credit Suisse AG/Nas     8.05   9/27/2016     CHF      36.59
DZ Bank AG Deutsche      4.10   3/21/2016     EUR      62.79
Vontobel Financial P    17.20   4/22/2016     EUR      48.50
HSBC Trinkaus & Burk     6.70  12/28/2015     EUR      47.10
HSBC Trinkaus & Burk     7.30   3/25/2016     EUR      51.42
HSBC Trinkaus & Burk     6.30   3/25/2016     EUR      55.30
HSBC Trinkaus & Burk     9.80   3/25/2016     EUR      61.31
HSBC Trinkaus & Burk     4.30   3/25/2016     EUR      70.80
HSBC Trinkaus & Burk     6.10   3/25/2016     EUR      68.52
HSBC Trinkaus & Burk     8.20  12/28/2015     EUR      72.53
HSBC Trinkaus & Burk     6.90   3/25/2016     EUR      72.33
Vontobel Financial P     5.40   4/22/2016     EUR      56.59
Vontobel Financial P     5.65   4/22/2016     EUR      70.32
DZ Bank AG Deutsche      7.00   6/24/2016     EUR      53.37
DZ Bank AG Deutsche      5.50   3/29/2016     EUR      55.21
Bank Julius Baer & C     9.40  10/14/2016     EUR      60.45
BNP Paribas Emission    11.00   3/24/2016     EUR      72.29
BNP Paribas Emission    10.00   3/24/2016     EUR      66.32
BNP Paribas Emission     6.50   6/23/2016     EUR      71.49
BNP Paribas Emission    10.00   6/23/2016     EUR      66.06
BNP Paribas Emission     7.00   9/22/2016     EUR      70.64
BNP Paribas Emission     5.00  12/22/2016     EUR      74.55
BNP Paribas Emission    12.00   3/24/2016     EUR      72.31
BNP Paribas Emission     9.00   9/22/2016     EUR      74.26
BNP Paribas Emission     5.50   3/24/2016     EUR      72.83
BNP Paribas Emission     7.50  12/22/2016     EUR      70.19
BNP Paribas Emission     9.50  12/22/2016     EUR      68.11
BNP Paribas Emission    13.00   3/24/2016     EUR      74.99
BNP Paribas Emission     7.00   3/24/2016     EUR      71.50
BNP Paribas Emission    10.00   3/24/2016     EUR      68.70
BNP Paribas Emission     7.00   6/23/2016     EUR      71.98
BNP Paribas Emission     5.00   3/24/2016     EUR      72.44
BNP Paribas Emission     9.00   3/24/2016     EUR      65.10
BNP Paribas Emission     7.00   9/22/2016     EUR      65.34
BNP Paribas Emission    10.00   6/23/2016     EUR      62.50
BNP Paribas Emission     5.00   9/22/2016     EUR      71.43
BNP Paribas Emission    12.00   3/24/2016     EUR      72.99
BNP Paribas Emission     6.50   3/24/2016     EUR      58.35
BNP Paribas Emission     9.50   3/24/2016     EUR      54.12
BNP Paribas Emission     8.00   6/23/2016     EUR      56.68
BNP Paribas Emission     9.50   6/23/2016     EUR      55.15
BNP Paribas Emission     8.00   9/22/2016     EUR      58.54
BNP Paribas Emission     7.00  12/22/2016     EUR      59.18
BNP Paribas Emission     8.50  12/22/2016     EUR      58.51
BNP Paribas Emission    10.00   9/22/2016     EUR      60.44
BNP Paribas Emission     9.00  12/22/2016     EUR      62.11
HSBC Trinkaus & Burk    12.40   3/25/2016     EUR      46.61
HSBC Trinkaus & Burk    10.40   2/26/2016     EUR      47.59
HSBC Trinkaus & Burk    12.90  12/28/2015     EUR      74.70
HSBC Trinkaus & Burk    13.00   3/25/2016     EUR      74.23
HSBC Trinkaus & Burk    13.90  12/28/2015     EUR      66.65
HSBC Trinkaus & Burk    13.40   3/25/2016     EUR      68.97
HSBC Trinkaus & Burk    11.80   3/25/2016     EUR      70.57
HSBC Trinkaus & Burk     9.20   2/26/2016     EUR      73.47
HSBC Trinkaus & Burk    13.00   3/25/2016     EUR      53.07
HSBC Trinkaus & Burk    10.60   3/25/2016     EUR      65.42
HSBC Trinkaus & Burk     8.90   6/24/2016     EUR      57.76
HSBC Trinkaus & Burk    14.40  12/28/2015     EUR      74.20
Bank Julius Baer & C     6.00   3/31/2016     CHF      70.75
Vontobel Financial P    10.10   3/30/2016     EUR      55.95
Vontobel Financial P     6.00   4/22/2016     EUR      69.95
Deutsche Bank AG         5.20   3/22/2016     EUR      71.00
Credit Suisse AG/Lon    10.00   4/22/2016     USD      73.30
Deutsche Bank AG         5.20   6/21/2016     EUR      61.70
Deutsche Bank AG         5.20   9/20/2016     EUR      62.90
Deutsche Bank AG         5.20   3/22/2016     EUR      73.20
DZ Bank AG Deutsche      6.25   3/21/2016     EUR      71.58
DZ Bank AG Deutsche      6.25   6/20/2016     EUR      74.26
DZ Bank AG Deutsche      7.00   3/21/2016     EUR      55.73
DZ Bank AG Deutsche      6.25   6/20/2016     EUR      56.73
DZ Bank AG Deutsche      4.20   3/21/2016     EUR      73.49
Deutsche Bank AG         5.20   3/22/2016     EUR      74.90
Deutsche Bank AG         5.20   6/21/2016     EUR      74.60
Deutsche Bank AG         5.20   6/21/2016     EUR      67.50
Deutsche Bank AG         5.20   9/20/2016     EUR      68.80
Deutsche Bank AG         5.20   6/21/2016     EUR      48.80
Deutsche Bank AG         5.20   9/20/2016     EUR      58.40
Deutsche Bank AG         5.20   9/20/2016     EUR      53.90
Deutsche Bank AG         5.20   9/20/2016     EUR      51.90
Deutsche Bank AG         5.20   3/22/2016     EUR      59.50
Deutsche Bank AG         5.20   3/22/2016     EUR      54.90
Deutsche Bank AG         5.20   6/21/2016     EUR      57.70
Deutsche Bank AG         4.20   9/20/2016     EUR      65.70
Deutsche Bank AG         5.20   9/20/2016     EUR      58.90
Deutsche Bank AG         4.20   7/20/2016     EUR      75.00
Deutsche Bank AG         6.20   7/20/2016     EUR      73.10
Deutsche Bank AG         4.20   7/20/2016     EUR      72.00
Deutsche Bank AG         4.20   7/20/2016     EUR      65.80
Deutsche Bank AG         6.20   7/20/2016     EUR      64.80
Deutsche Bank AG         6.20   7/20/2016     EUR      62.70
Deutsche Bank AG         4.20   7/20/2016     EUR      73.20
Deutsche Bank AG         6.20   7/20/2016     EUR      74.00
Deutsche Bank AG         6.20   7/20/2016     EUR      71.80
Deutsche Bank AG         4.20   7/20/2016     EUR      68.10
Deutsche Bank AG         6.20   7/20/2016     EUR      69.30
Deutsche Bank AG         4.20   7/20/2016     EUR      75.00
Deutsche Bank AG         4.20   7/20/2016     EUR      74.40
Deutsche Bank AG         6.20   7/20/2016     EUR      68.50
Deutsche Bank AG         6.20   7/20/2016     EUR      58.40
Deutsche Bank AG         6.20   7/20/2016     EUR      53.70
Deutsche Bank AG         4.20   7/20/2016     EUR      48.60
Deutsche Bank AG         4.20   7/20/2016     EUR      65.20
Deutsche Bank AG         6.20   7/20/2016     EUR      56.50
Deutsche Bank AG         4.20  12/20/2016     EUR      69.40
Deutsche Bank AG         4.20  12/20/2016     EUR      72.30
Deutsche Bank AG         6.20  12/20/2016     EUR      58.10
Deutsche Bank AG         5.20  12/20/2016     EUR      57.10
Deutsche Bank AG         6.20  12/20/2016     EUR      56.00
Deutsche Bank AG         4.20  12/20/2016     EUR      63.80
Deutsche Bank AG         5.20  12/20/2016     EUR      62.40
Deutsche Bank AG         5.20  12/20/2016     EUR      60.10
Deutsche Bank AG         4.20  12/20/2016     EUR      59.10
Societe Generale Eff     2.39  12/29/2015     EUR      69.93
Societe Generale Eff     3.10    1/6/2016     EUR      72.76
Societe Generale Eff     5.57   6/24/2016     EUR      73.59
Societe Generale Eff     3.20    1/6/2016     EUR      65.97
Societe Generale Eff     3.55    4/7/2016     EUR      74.88
Societe Generale Eff     5.30   6/24/2016     EUR      70.05
Societe Generale Eff     5.99    7/7/2016     EUR      71.23
Societe Generale Eff     7.35  10/10/2016     EUR      70.97
Societe Generale Eff     4.65  12/29/2015     EUR      51.50
Societe Generale Eff     5.44    1/6/2016     EUR      53.30
Societe Generale Eff     5.89   3/29/2016     EUR      57.09
Societe Generale Eff     6.71    4/7/2016     EUR      57.92
Societe Generale Eff     8.43   6/24/2016     EUR      57.13
Societe Generale Eff     9.25    7/7/2016     EUR      58.08
Societe Generale Eff    10.26  10/10/2016     EUR      59.25
Societe Generale Eff     4.04  12/29/2015     EUR      58.84
Societe Generale Eff     3.42    1/6/2016     EUR      66.04
Societe Generale Eff     3.59   3/29/2016     EUR      67.13
Societe Generale Eff     4.41    4/7/2016     EUR      68.19
Societe Generale Eff     5.24   6/24/2016     EUR      67.32
Societe Generale Eff     6.06    7/7/2016     EUR      68.77
Societe Generale Eff     6.94  10/10/2016     EUR      69.60
Societe Generale Eff     8.67  10/10/2016     EUR      66.95
Vontobel Financial P     7.90   4/22/2016     EUR      66.45
Vontobel Financial P     3.65   4/22/2016     EUR      60.70
Vontobel Financial P     5.00   4/22/2016     EUR      62.63
BNP Paribas Emission     8.00   3/24/2016     EUR      67.51
BNP Paribas Emission     8.00   6/23/2016     EUR      68.86
BNP Paribas Emission     7.00   3/24/2016     EUR      71.28
BNP Paribas Emission    10.00   3/24/2016     EUR      71.96
BNP Paribas Emission     9.00   6/23/2016     EUR      73.91
BNP Paribas Emission     7.00   6/23/2016     EUR      64.35
BNP Paribas Emission     4.00   3/24/2016     EUR      64.95
BNP Paribas Emission     3.00   6/23/2016     EUR      62.45
BNP Paribas Emission     3.00   3/24/2016     EUR      70.59
BNP Paribas Emission     5.00   6/23/2016     EUR      71.02
BNP Paribas Emission     7.00   6/23/2016     EUR      71.76
BNP Paribas Emission     7.00   3/24/2016     EUR      51.29
BNP Paribas Emission     3.00   6/23/2016     EUR      49.96
BNP Paribas Emission    10.00   6/23/2016     EUR      53.09
BNP Paribas Emission     7.00   3/24/2016     EUR      74.13
BNP Paribas Emission     6.00   6/23/2016     EUR      74.46
UniCredit Bank AG        4.00   6/24/2016     EUR      58.66
Goldman Sachs & Co W    25.00   1/20/2016     EUR      69.84
Goldman Sachs & Co W    21.00   3/23/2016     EUR      73.27
Goldman Sachs & Co W    20.00   1/20/2016     EUR      63.31
Goldman Sachs & Co W    19.00   4/20/2016     EUR      64.81
Goldman Sachs & Co W    16.00   9/21/2016     EUR      70.62
Goldman Sachs & Co W    21.00   4/20/2016     EUR      47.68
UniCredit Bank AG        4.00  12/22/2016     EUR      64.29
Commerzbank AG           6.25   5/26/2016     EUR      67.49
Commerzbank AG           6.00   5/26/2016     EUR      48.67
DZ Bank AG Deutsche      5.40   3/21/2016     EUR      57.72
Commerzbank AG           8.25   5/26/2016     EUR      74.25
Commerzbank AG          15.25   5/26/2016     EUR      64.40
Commerzbank AG          16.25   5/26/2016     EUR      66.37
Commerzbank AG           8.00   5/26/2016     EUR      47.20
Commerzbank AG           7.75   5/26/2016     EUR      72.05
Commerzbank AG           5.75   5/26/2016     EUR      62.26
Commerzbank AG           9.75   5/26/2016     EUR      58.08
Vontobel Financial P    21.10   6/24/2016     EUR      66.26
Vontobel Financial P    17.40   6/24/2016     EUR      73.81
Vontobel Financial P    18.40   6/24/2016     EUR      68.73
Commerzbank AG           7.25   5/26/2016     EUR      64.68
Commerzbank AG           9.25   5/26/2016     EUR      63.07
Commerzbank AG           5.25   5/26/2016     EUR      69.66
Commerzbank AG           8.25   5/26/2016     EUR      65.89
DZ Bank AG Deutsche      7.00   3/29/2016     EUR      70.96
DZ Bank AG Deutsche      6.00   3/29/2016     EUR      68.51
HSBC Trinkaus & Burk    16.30   3/25/2016     EUR      41.42
HSBC Trinkaus & Burk    10.90   9/23/2016     EUR      47.19
HSBC Trinkaus & Burk    10.50   5/27/2016     EUR      45.63
HSBC Trinkaus & Burk     7.50   5/27/2016     EUR      69.41
HSBC Trinkaus & Burk    10.80   9/23/2016     EUR      58.36
HSBC Trinkaus & Burk     7.10  12/23/2016     EUR      61.60
HSBC Trinkaus & Burk     8.10   2/26/2016     EUR      58.26
HSBC Trinkaus & Burk    14.00   1/22/2016     EUR      69.08
HSBC Trinkaus & Burk    10.90   6/24/2016     EUR      60.96
WGZ-Bank AG Westdeut     3.00   2/22/2016     EUR      66.27
WGZ-Bank AG Westdeut     4.00   2/22/2016     EUR      63.39
WGZ-Bank AG Westdeut     6.00   2/22/2016     EUR      59.63
WGZ-Bank AG Westdeut     4.00   2/22/2016     EUR      63.68
HSBC Trinkaus & Burk     7.90   6/24/2016     EUR      65.29
DZ Bank AG Deutsche      6.75   3/21/2016     EUR      72.44
DZ Bank AG Deutsche      7.75   3/21/2016     EUR      55.59
Vontobel Financial P     6.95    7/1/2016     EUR      56.82
DZ Bank AG Deutsche      6.25   6/24/2016     EUR      74.21
DZ Bank AG Deutsche      5.25   6/24/2016     EUR      63.76
DZ Bank AG Deutsche      6.10   9/19/2016     EUR      67.88
DZ Bank AG Deutsche      6.20   9/19/2016     EUR      72.64
Vontobel Financial P    12.95  12/28/2015     EUR      73.23
Vontobel Financial P     6.70    7/1/2016     EUR      57.26
Vontobel Financial P     7.95   6/24/2016     EUR      61.63
Vontobel Financial P     9.30  12/28/2015     EUR      56.59
Vontobel Financial P     8.85   6/24/2016     EUR      66.03
Vontobel Financial P    11.55  12/28/2015     EUR      60.94
Vontobel Financial P     8.20   9/23/2016     EUR      74.41
Vontobel Financial P     7.35  12/23/2016     EUR      68.28
Vontobel Financial P     3.85  12/23/2016     EUR      73.90
Vontobel Financial P     4.25   9/23/2016     EUR      73.65
Vontobel Financial P     7.45  12/23/2016     EUR      60.64
Vontobel Financial P     8.30   9/23/2016     EUR      59.41
Vontobel Financial P     3.75  12/23/2016     EUR      60.84
Vontobel Financial P     4.05   9/23/2016     EUR      60.50
Goldman Sachs & Co W     7.00   9/21/2016     EUR      51.16
Goldman Sachs & Co W    10.00   2/24/2016     EUR      73.86
UBS AG                  13.50   6/24/2016     EUR      67.28
Goldman Sachs & Co W     7.00   4/20/2016     EUR      58.16
Goldman Sachs & Co W     9.00   9/21/2016     EUR      61.74
UBS AG                  11.50   6/24/2016     EUR      61.89
Goldman Sachs & Co W    19.00   6/22/2016     EUR      71.61
Goldman Sachs & Co W    21.00   4/20/2016     EUR      70.98
Goldman Sachs & Co W    17.00   2/24/2016     EUR      68.45
Goldman Sachs & Co W    21.00   2/24/2016     EUR      65.43
Goldman Sachs & Co W    18.00   1/20/2016     EUR      61.32
Goldman Sachs & Co W    13.00   2/24/2016     EUR      65.23
Goldman Sachs & Co W    13.00   6/22/2016     EUR      65.47
UBS AG                   7.50   6/24/2016     EUR      70.09
Goldman Sachs & Co W    21.00   3/23/2016     EUR      46.05
Goldman Sachs & Co W    19.00   4/20/2016     EUR      65.45
UBS AG                  11.50   6/24/2016     EUR      68.98
UBS AG                  12.00   6/24/2016     EUR      58.72
Societe Generale Eff    12.39  10/10/2016     EUR      59.79
Societe Generale Eff    10.57    7/7/2016     EUR      50.88
Societe Generale Eff     9.99  10/10/2016     EUR      53.99
Societe Generale Eff     4.87    7/7/2016     EUR      73.75
Societe Generale Eff     8.47    7/7/2016     EUR      68.32
Societe Generale Eff     9.39  10/10/2016     EUR      69.52
Deutsche Bank AG         4.20   6/21/2016     EUR      74.30
Deutsche Bank AG         4.20   3/22/2016     EUR      70.70
Deutsche Bank AG         6.20   3/22/2016     EUR      71.20
Zurcher Kantonalbank    10.03   6/17/2016     EUR      60.96
Deutsche Bank AG         4.20   3/22/2016     EUR      63.00
Deutsche Bank AG         4.20   6/21/2016     EUR      61.20
Deutsche Bank AG         6.20   9/20/2016     EUR      72.60
Deutsche Bank AG         6.20   9/20/2016     EUR      70.10
Deutsche Bank AG         4.20   9/20/2016     EUR      68.70
Deutsche Bank AG         4.20   9/20/2016     EUR      66.40
DZ Bank AG Deutsche      4.60   6/20/2016     EUR      72.25
Goldman Sachs & Co W     4.00   7/20/2016     EUR      63.10
Goldman Sachs & Co W    12.00   7/20/2016     EUR      67.58
Goldman Sachs & Co W     8.00  12/21/2016     EUR      68.28
Goldman Sachs & Co W     6.00   7/20/2016     EUR      58.09
Goldman Sachs & Co W     7.00   7/20/2016     EUR      64.03
Deutsche Bank AG         4.20   3/22/2016     EUR      72.90
Deutsche Bank AG         4.20   6/21/2016     EUR      74.80
Deutsche Bank AG         4.20   6/21/2016     EUR      70.70
Deutsche Bank AG         4.20   3/22/2016     EUR      67.30
Goldman Sachs & Co W     6.00   7/20/2016     EUR      74.15
Goldman Sachs & Co W    15.00   7/20/2016     EUR      65.59
Deutsche Bank AG         6.20   6/21/2016     EUR      71.40
Deutsche Bank AG         4.20   9/20/2016     EUR      75.00
Goldman Sachs & Co W    18.00   7/20/2016     EUR      72.08
Goldman Sachs & Co W     8.00   4/20/2016     EUR      62.06
Goldman Sachs & Co W    11.00   5/25/2016     EUR      59.60
Goldman Sachs & Co W    23.00   5/25/2016     EUR      53.94
Goldman Sachs & Co W    21.00   6/22/2016     EUR      54.70
Goldman Sachs & Co W     7.00   7/20/2016     EUR      64.38
Goldman Sachs & Co W     5.00  12/21/2016     EUR      67.54
Goldman Sachs & Co W    15.00  12/21/2016     EUR      59.42
Deutsche Bank AG         6.20   6/21/2016     EUR      49.30
Deutsche Bank AG         4.20   9/20/2016     EUR      55.30
Deutsche Bank AG         4.20   9/20/2016     EUR      53.10
Goldman Sachs & Co W    23.00   5/25/2016     EUR      71.22
Commerzbank AG           8.50   4/21/2016     EUR      63.81
Commerzbank AG          12.50   4/21/2016     EUR      70.66
Deutsche Bank AG         5.50   6/21/2016     EUR      73.00
Deutsche Bank AG         6.20   3/22/2016     EUR      55.10
Deutsche Bank AG         6.20   6/21/2016     EUR      56.00
Deutsche Bank AG         6.20   9/20/2016     EUR      57.50
Deutsche Bank AG         5.50   6/21/2016     EUR      40.20
Deutsche Bank AG         5.50   3/22/2016     EUR      71.70
Deutsche Bank AG         5.50   3/22/2016     EUR      62.90
Commerzbank AG           7.00   3/24/2016     EUR      42.81
Commerzbank AG           8.75   3/24/2016     EUR      66.96
Commerzbank AG           9.25   3/24/2016     EUR      72.81
Commerzbank AG           9.00   3/24/2016     EUR      64.10
Commerzbank AG          11.00   3/24/2016     EUR      62.10
Commerzbank AG           9.75   1/21/2016     EUR      70.30
Commerzbank AG           7.75   3/24/2016     EUR      50.22
Bayerische Landesban     3.70   11/4/2016     EUR      61.58
UniCredit Bank AG        5.00   3/24/2016     EUR      70.93
UniCredit Bank AG        5.65   3/24/2016     EUR      56.82
UniCredit Bank AG        5.75   3/24/2016     EUR      56.39
UniCredit Bank AG        5.10   3/24/2016     EUR      59.29
UniCredit Bank AG        5.00   3/24/2016     EUR      71.07
UniCredit Bank AG        5.55   3/24/2016     EUR      57.25
UniCredit Bank AG        4.80   3/24/2016     EUR      68.46
UniCredit Bank AG        5.15   3/24/2016     EUR      59.06
UniCredit Bank AG        5.20   3/24/2016     EUR      58.83
UniCredit Bank AG        4.45   3/24/2016     EUR      73.20
UniCredit Bank AG        5.95   3/24/2016     EUR      55.56
DZ Bank AG Deutsche      7.00   9/19/2016     EUR      71.12
DZ Bank AG Deutsche      5.25   9/19/2016     EUR      69.85
DZ Bank AG Deutsche      6.00   6/20/2016     EUR      69.08
UniCredit Bank AG        4.90   3/24/2016     EUR      71.41
UniCredit Bank AG        4.85   3/24/2016     EUR      60.51
UniCredit Bank AG        5.10   3/24/2016     EUR      70.73
UniCredit Bank AG        4.40   3/24/2016     EUR      74.72
UniCredit Bank AG        4.60   3/24/2016     EUR      69.59
UniCredit Bank AG        5.35   3/24/2016     EUR      58.14
UniCredit Bank AG        5.00   3/24/2016     EUR      59.77
UniCredit Bank AG        5.20   3/24/2016     EUR      70.38
UniCredit Bank AG        4.30   3/24/2016     EUR      74.35
UniCredit Bank AG        4.25   3/24/2016     EUR      74.74
UniCredit Bank AG        5.00   3/24/2016     EUR      67.34
DZ Bank AG Deutsche      6.40   3/21/2016     EUR      74.91
HSBC Trinkaus & Burk     5.30  12/28/2015     EUR      73.27
HSBC Trinkaus & Burk     5.20  12/28/2015     EUR      73.26
HSBC Trinkaus & Burk     6.30  12/28/2015     EUR      72.71
HSBC Trinkaus & Burk     8.60  12/28/2015     EUR      52.21
HSBC Trinkaus & Burk     5.40  12/28/2015     EUR      52.13
HSBC Trinkaus & Burk     9.90  12/28/2015     EUR      56.21
Societe Generale Eff     6.10    7/7/2016     EUR      63.83
Commerzbank AG           8.50   5/26/2016     EUR      65.25
Commerzbank AG           8.75   5/26/2016     EUR      73.19
Landesbank Hessen-Th     6.35   3/18/2016     EUR      49.40
Commerzbank AG           6.50   5/26/2016     EUR      68.32
DZ Bank AG Deutsche      5.10   6/20/2016     EUR      73.88
Commerzbank AG           4.25   5/26/2016     EUR      50.60
Commerzbank AG           8.00   5/26/2016     EUR      47.16
DZ Bank AG Deutsche      5.60   6/20/2016     EUR      59.94
Commerzbank AG           9.50   5/26/2016     EUR      66.96
Commerzbank AG          10.50   5/26/2016     EUR      45.62
Commerzbank AG           6.00   5/26/2016     EUR      74.13
Commerzbank AG           8.50   5/26/2016     EUR      71.03
Credit Suisse AG/Nas     6.00   10/3/2016     EUR      58.33
Commerzbank AG           5.00   5/26/2016     EUR      63.25
Commerzbank AG           9.00   5/26/2016     EUR      58.87
Vontobel Financial P    21.75   6/24/2016     EUR      58.17
Vontobel Financial P    17.35   6/24/2016     EUR      72.27
Commerzbank AG           4.25   5/26/2016     EUR      68.84
Commerzbank AG           5.00   5/26/2016     EUR      67.67
Commerzbank AG           6.50   5/26/2016     EUR      65.63
Commerzbank AG           4.25   5/26/2016     EUR      71.08
Commerzbank AG           7.25   5/26/2016     EUR      67.07
DZ Bank AG Deutsche      5.00   3/29/2016     EUR      72.15
DZ Bank AG Deutsche      7.00   3/29/2016     EUR      71.03
DZ Bank AG Deutsche      6.00   3/29/2016     EUR      67.80
DZ Bank AG Deutsche      6.50   6/24/2016     EUR      56.47
Banque Cantonale Vau     6.70    6/8/2016     EUR      64.87
Landesbank Hessen-Th     5.00   4/24/2019     EUR      50.73
HSBC Trinkaus & Burk    14.30   6/24/2016     EUR      44.25
HSBC Trinkaus & Burk    12.20   6/24/2016     EUR      45.18
HSBC Trinkaus & Burk    12.50   9/23/2016     EUR      46.63
HSBC Trinkaus & Burk    11.40   2/26/2016     EUR      43.25
HSBC Trinkaus & Burk     7.10  12/23/2016     EUR      70.15
HSBC Trinkaus & Burk     6.20   9/23/2016     EUR      62.22
HSBC Trinkaus & Burk     8.60   5/27/2016     EUR      58.99
HSBC Trinkaus & Burk     9.40  12/23/2016     EUR      74.83
HSBC Trinkaus & Burk    13.20   2/26/2016     EUR      70.05
HSBC Trinkaus & Burk    11.50   5/27/2016     EUR      72.32
Zurcher Kantonalbank     7.65   3/24/2016     CHF      71.23
DZ Bank AG Deutsche      8.75   3/21/2016     EUR      73.54
DZ Bank AG Deutsche      7.75   6/20/2016     EUR      57.01
HSBC Trinkaus & Burk     8.25   3/24/2016     EUR      62.34
Landesbank Hessen-Th     6.20   7/24/2020     EUR      70.42
Vontobel Financial P     4.45   6/24/2016     EUR      68.27
Vontobel Financial P     4.45   3/29/2016     EUR      68.25
Vontobel Financial P     4.85  12/28/2015     EUR      65.39
DZ Bank AG Deutsche      6.40   3/21/2016     EUR      56.61
Vontobel Financial P    10.45  12/28/2015     EUR      66.19
DZ Bank AG Deutsche      6.75   6/24/2016     EUR      65.35
DZ Bank AG Deutsche      5.50   9/23/2016     EUR      65.79
DZ Bank AG Deutsche      4.80   9/19/2016     EUR      70.44
Vontobel Financial P     7.60   9/23/2016     EUR      67.12
Vontobel Financial P     9.00   3/29/2016     EUR      64.80
Vontobel Financial P     6.80   9/23/2016     EUR      70.16
Vontobel Financial P     8.30   9/23/2016     EUR      67.22
Vontobel Financial P     3.15   9/23/2016     EUR      68.20
Vontobel Financial P     7.50  12/23/2016     EUR      55.63
LBBW                     2.75   7/26/2019     EUR      70.20
Goldman Sachs & Co W     6.00   4/20/2016     EUR      49.54
Goldman Sachs & Co W    11.00   9/21/2016     EUR      54.08
Goldman Sachs & Co W     8.00   2/24/2016     EUR      73.54
Goldman Sachs & Co W     7.00   9/21/2016     EUR      60.28
Goldman Sachs & Co W     9.00   9/21/2016     EUR      61.74
Vontobel Financial P     6.20    7/1/2016     EUR      56.69
UBS AG                   8.50   6/24/2016     EUR      55.98
UBS AG                   9.75   6/24/2016     EUR      62.61
Goldman Sachs & Co W    23.00   2/24/2016     EUR      68.12
Goldman Sachs & Co W    19.00   3/23/2016     EUR      72.80
Goldman Sachs & Co W    16.00   9/21/2016     EUR      74.88
UBS AG                   5.00   6/24/2016     EUR      71.09
Goldman Sachs & Co W    23.00   1/20/2016     EUR      63.50
Goldman Sachs & Co W    19.00   3/23/2016     EUR      66.61
Goldman Sachs & Co W    17.00   6/22/2016     EUR      70.34
UBS AG                  11.75   6/24/2016     EUR      72.97
Goldman Sachs & Co W    20.00   2/24/2016     EUR      60.73
Goldman Sachs & Co W    15.00   3/23/2016     EUR      63.85
Goldman Sachs & Co W    10.00   4/20/2016     EUR      73.66
Goldman Sachs & Co W    21.00   4/20/2016     EUR      73.03
UBS AG                  13.25   6/24/2016     EUR      69.80
UBS AG                   6.50   6/24/2016     EUR      62.98
Commerzbank AG           6.90   3/18/2016     EUR      48.57
Bank Julius Baer & C     9.35   6/10/2016     USD      60.65
Societe Generale Eff    10.85  10/10/2016     EUR      61.85
Societe Generale Eff     8.68    7/7/2016     EUR      52.54
Societe Generale Eff    13.91  10/10/2016     EUR      51.49
Societe Generale Eff     5.73  10/10/2016     EUR      74.33
Deutsche Bank AG         6.20   6/21/2016     EUR      72.70
Deutsche Bank AG         4.20   9/20/2016     EUR      62.20
Deutsche Bank AG         6.20   9/20/2016     EUR      63.70
Deutsche Bank AG         6.20   3/22/2016     EUR      63.50
Deutsche Bank AG         6.20   6/21/2016     EUR      62.20
Deutsche Bank AG         4.20   9/20/2016     EUR      71.10
Deutsche Bank AG         4.20   9/20/2016     EUR      64.20
Goldman Sachs & Co W     6.00   7/20/2016     EUR      64.22
Goldman Sachs & Co W     5.00   3/23/2016     EUR      57.95
Goldman Sachs & Co W     5.00   7/20/2016     EUR      57.53
Goldman Sachs & Co W     8.00   7/20/2016     EUR      59.21
Goldman Sachs & Co W    10.00   7/20/2016     EUR      60.33
Goldman Sachs & Co W     7.00  12/21/2016     EUR      60.99
Goldman Sachs & Co W     7.00  12/21/2016     EUR      60.99
Goldman Sachs & Co W     9.00  12/21/2016     EUR      62.95
Goldman Sachs & Co W    20.00   7/20/2016     EUR      74.41
Deutsche Bank AG         6.20   6/21/2016     EUR      71.70
Deutsche Bank AG         6.20   9/20/2016     EUR      72.80
Deutsche Bank AG         4.20   9/20/2016     EUR      71.30
Deutsche Bank AG         4.20   3/22/2016     EUR      74.70
Deutsche Bank AG         4.20   3/22/2016     EUR      70.80
Deutsche Bank AG         6.20   3/22/2016     EUR      67.80
Deutsche Bank AG         4.20   6/21/2016     EUR      70.40
Deutsche Bank AG         4.20   6/21/2016     EUR      74.80
Goldman Sachs & Co W     8.00  12/21/2016     EUR      73.25
Deutsche Bank AG         6.20   6/21/2016     EUR      68.00
Deutsche Bank AG         6.20   9/20/2016     EUR      72.90
Deutsche Bank AG         6.20   9/20/2016     EUR      69.50
Goldman Sachs & Co W    15.00   7/20/2016     EUR      73.47
Goldman Sachs & Co W    11.00   3/23/2016     EUR      59.37
Goldman Sachs & Co W    23.00   4/20/2016     EUR      53.05
Goldman Sachs & Co W    18.00   5/25/2016     EUR      55.61
Goldman Sachs & Co W     7.00   6/22/2016     EUR      63.97
Goldman Sachs & Co W    19.00   6/22/2016     EUR      55.50
Goldman Sachs & Co W     5.00   7/20/2016     EUR      66.36
Goldman Sachs & Co W     8.00   7/20/2016     EUR      62.09
Goldman Sachs & Co W    14.00   7/20/2016     EUR      58.14
Goldman Sachs & Co W    20.00   7/20/2016     EUR      55.76
Goldman Sachs & Co W     8.00   9/21/2016     EUR      63.26
Goldman Sachs & Co W     7.00  12/21/2016     EUR      63.99
Deutsche Bank AG         4.20   6/21/2016     EUR      50.20
Deutsche Bank AG         6.20   9/20/2016     EUR      54.60
Deutsche Bank AG         4.20   9/20/2016     EUR      51.10
Deutsche Bank AG         6.20   9/20/2016     EUR      50.70
Deutsche Bank AG         4.20   9/20/2016     EUR      49.20
Commerzbank AG          10.00   1/21/2016     EUR      61.89
Deutsche Bank AG         6.20   3/22/2016     EUR      59.80
Deutsche Bank AG         5.50   3/22/2016     EUR      74.20
Deutsche Bank AG         4.20   3/22/2016     EUR      56.90
Deutsche Bank AG         6.20   6/21/2016     EUR      60.50
Deutsche Bank AG         4.20   9/20/2016     EUR      56.00
Deutsche Bank AG         5.50   3/22/2016     EUR      40.40
Deutsche Bank AG         5.50   6/21/2016     EUR      70.10
Deutsche Bank AG         5.50   3/22/2016     EUR      68.40
Deutsche Bank AG         5.50   6/21/2016     EUR      63.00
Deutsche Bank AG         5.50   3/22/2016     EUR      57.90
UBS AG/London            9.25   6/10/2016     CHF      62.29
Deutsche Bank AG         5.50   6/21/2016     EUR      61.50
Deutsche Bank AG         5.50   6/21/2016     EUR      58.30
Credit Suisse AG/Nas     8.25   6/22/2016     EUR      66.88
Commerzbank AG           9.00   3/24/2016     EUR      70.17
Commerzbank AG          12.50   3/24/2016     EUR      67.26
Commerzbank AG          16.50   3/24/2016     EUR      62.14
Commerzbank AG           6.75   3/24/2016     EUR      69.84
Commerzbank AG           7.00   1/21/2016     EUR      73.74
Commerzbank AG          10.75   3/24/2016     EUR      47.38
UBS AG/London            4.50   3/29/2016     CHF      69.95
Deutsche Bank AG         5.00   3/31/2016     EUR      62.10
Vontobel Financial P     6.00   7/22/2016     EUR      58.89
UniCredit Bank AG        5.70   3/24/2016     EUR      56.60
UniCredit Bank AG        4.35   3/24/2016     EUR      73.96
UniCredit Bank AG        4.90   3/24/2016     EUR      60.23
UniCredit Bank AG        5.25   3/24/2016     EUR      58.60
UniCredit Bank AG        4.60   3/24/2016     EUR      72.46
UniCredit Bank AG        4.90   3/24/2016     EUR      72.00
DZ Bank AG Deutsche      6.50   3/21/2016     EUR      71.28
DZ Bank AG Deutsche      5.25   6/20/2016     EUR      68.85
DZ Bank AG Deutsche      6.00   9/19/2016     EUR      70.08
UniCredit Bank AG        5.50   3/24/2016     EUR      57.47
DZ Bank AG Deutsche      6.50   6/20/2016     EUR      69.72
DZ Bank AG Deutsche      6.00   9/19/2016     EUR      70.51
UniCredit Bank AG        4.70   3/24/2016     EUR      72.11
UniCredit Bank AG        5.40   3/24/2016     EUR      57.91
DZ Bank AG Deutsche      8.25   6/24/2016     EUR      61.73
HSBC Trinkaus & Burk     4.50   3/25/2016     EUR      68.13
HSBC Trinkaus & Burk     5.90   3/25/2016     EUR      72.31
HSBC Trinkaus & Burk     4.10  12/28/2015     EUR      72.49
Vontobel Financial P     6.50   4/22/2016     EUR      56.55
DZ Bank AG Deutsche      8.50  12/28/2015     EUR      53.86
DZ Bank AG Deutsche      5.00  12/28/2015     EUR      58.52
DZ Bank AG Deutsche      5.75   6/24/2016     EUR      62.68
BNP Paribas Emission    12.00   3/24/2016     EUR      68.53
BNP Paribas Emission     8.50   3/24/2016     EUR      68.32
BNP Paribas Emission     8.00   6/23/2016     EUR      69.70
BNP Paribas Emission     5.00   9/22/2016     EUR      74.08
BNP Paribas Emission     9.00   9/22/2016     EUR      67.68
BNP Paribas Emission     7.00   3/24/2016     EUR      70.49
BNP Paribas Emission     5.00   3/24/2016     EUR      74.90
BNP Paribas Emission     8.50   3/24/2016     EUR      70.06
BNP Paribas Emission     5.00   6/23/2016     EUR      74.75
BNP Paribas Emission     9.00   6/23/2016     EUR      69.55
BNP Paribas Emission     5.50   9/22/2016     EUR      74.30
BNP Paribas Emission     8.00   9/22/2016     EUR      71.00
BNP Paribas Emission     6.00   3/24/2016     EUR      68.30
BNP Paribas Emission     5.00   6/23/2016     EUR      71.37
BNP Paribas Emission     6.00   9/22/2016     EUR      68.21
BNP Paribas Emission     5.00   3/24/2016     EUR      60.82
BNP Paribas Emission     8.00   3/24/2016     EUR      56.12
BNP Paribas Emission     6.00   6/23/2016     EUR      60.83
BNP Paribas Emission     6.50   9/22/2016     EUR      59.82
BNP Paribas Emission    10.00   9/22/2016     EUR      55.75
BNP Paribas Emission     4.00   3/24/2016     EUR      68.13
BNP Paribas Emission    12.00   3/24/2016     EUR      56.62
BNP Paribas Emission     5.00   6/23/2016     EUR      68.70
HSBC Trinkaus & Burk     6.30  12/28/2015     EUR      66.60
HSBC Trinkaus & Burk    13.10  12/28/2015     EUR      50.17
HSBC Trinkaus & Burk    11.10   3/25/2016     EUR      54.53
HSBC Trinkaus & Burk     9.20  12/28/2015     EUR      66.32
HSBC Trinkaus & Burk     9.70   2/26/2016     EUR      55.54
HSBC Trinkaus & Burk    14.20   3/25/2016     EUR      74.89
HSBC Trinkaus & Burk    13.80   3/25/2016     EUR      73.35
HSBC Trinkaus & Burk     8.40  12/28/2015     EUR      55.61
HSBC Trinkaus & Burk    10.10  12/28/2015     EUR      61.54
HSBC Trinkaus & Burk    15.00  12/28/2015     EUR      68.78
HSBC Trinkaus & Burk    12.80   3/25/2016     EUR      70.48
Deutsche Bank AG         5.20   6/21/2016     EUR      74.80
Deutsche Bank AG         5.20   6/21/2016     EUR      72.20
Deutsche Bank AG         5.20   3/22/2016     EUR      63.30
Deutsche Bank AG         5.20   9/20/2016     EUR      73.30
Deutsche Bank AG         4.20   9/20/2016     EUR      73.60
Deutsche Bank AG         5.20   9/20/2016     EUR      74.40
Deutsche Bank AG         5.20   6/21/2016     EUR      71.20
DZ Bank AG Deutsche      8.00   3/21/2016     EUR      71.03
DZ Bank AG Deutsche      8.00   6/20/2016     EUR      73.02
DZ Bank AG Deutsche      7.50   3/21/2016     EUR      71.36
DZ Bank AG Deutsche      7.50   6/20/2016     EUR      73.56
DZ Bank AG Deutsche      6.00   3/21/2016     EUR      55.51
DZ Bank AG Deutsche      7.00   6/20/2016     EUR      57.02
Deutsche Bank AG         5.20   9/20/2016     EUR      72.00
Deutsche Bank AG         5.20   3/22/2016     EUR      71.10
Deutsche Bank AG         5.20   3/22/2016     EUR      67.60
Deutsche Bank AG         5.20   6/21/2016     EUR      70.90
Deutsche Bank AG         5.20   9/20/2016     EUR      72.10
Deutsche Bank AG         5.20   6/21/2016     EUR      50.70
Deutsche Bank AG         4.20   9/20/2016     EUR      57.70
Deutsche Bank AG         6.20   9/20/2016     EUR      59.20
Deutsche Bank AG         5.20   9/20/2016     EUR      56.10
Deutsche Bank AG         5.20   9/20/2016     EUR      50.00
Deutsche Bank AG         5.20   3/22/2016     EUR      57.10
Deutsche Bank AG         5.20   6/21/2016     EUR      60.00
Deutsche Bank AG         5.20   6/21/2016     EUR      55.50
Deutsche Bank AG         6.20   9/20/2016     EUR      67.20
Deutsche Bank AG         5.20   9/20/2016     EUR      61.20
Deutsche Bank AG         5.20   9/20/2016     EUR      56.70
Deutsche Bank AG         4.20   7/20/2016     EUR      74.60
Deutsche Bank AG         6.20   7/20/2016     EUR      66.90
Deutsche Bank AG         4.20   7/20/2016     EUR      63.60
Deutsche Bank AG         4.20   7/20/2016     EUR      61.50
Deutsche Bank AG         4.20   7/20/2016     EUR      70.60
Deutsche Bank AG         6.20   7/20/2016     EUR      72.00
Deutsche Bank AG         4.20   7/20/2016     EUR      70.90
Deutsche Bank AG         4.20   7/20/2016     EUR      70.70
Deutsche Bank AG         6.20   7/20/2016     EUR      71.90
Deutsche Bank AG         4.20   7/20/2016     EUR      67.30
Deutsche Bank AG         4.20   7/20/2016     EUR      57.20
Deutsche Bank AG         6.20   7/20/2016     EUR      55.90
Deutsche Bank AG         4.20   7/20/2016     EUR      54.80
Deutsche Bank AG         4.20   7/20/2016     EUR      52.60
Deutsche Bank AG         4.20   7/20/2016     EUR      50.50
Deutsche Bank AG         6.20   7/20/2016     EUR      51.70
Deutsche Bank AG         6.20   7/20/2016     EUR      49.80
Deutsche Bank AG         6.20   7/20/2016     EUR      66.30
Deutsche Bank AG         6.20   7/20/2016     EUR      63.60
Deutsche Bank AG         4.20   7/20/2016     EUR      62.40
Deutsche Bank AG         4.20   7/20/2016     EUR      59.90
Deutsche Bank AG         6.20   7/20/2016     EUR      61.00
Deutsche Bank AG         6.20   7/20/2016     EUR      58.70
Deutsche Bank AG         4.20   7/20/2016     EUR      57.50
Deutsche Bank AG         4.20   7/20/2016     EUR      55.30
Deutsche Bank AG         4.20  12/20/2016     EUR      67.20
Deutsche Bank AG         4.20  12/20/2016     EUR      65.10
Deutsche Bank AG         6.20  12/20/2016     EUR      74.30
Deutsche Bank AG         5.20  12/20/2016     EUR      73.30
Deutsche Bank AG         4.20  12/20/2016     EUR      56.10
Deutsche Bank AG         4.20  12/20/2016     EUR      54.00
Deutsche Bank AG         5.20  12/20/2016     EUR      55.00
Deutsche Bank AG         4.20  12/20/2016     EUR      61.40
Deutsche Bank AG         6.20  12/20/2016     EUR      63.40
Deutsche Bank AG         6.20  12/20/2016     EUR      61.10
Vontobel Financial P     9.25   4/22/2016     EUR      72.59
Societe Generale Eff     3.89  12/29/2015     EUR      66.15
Societe Generale Eff     4.51    1/6/2016     EUR      68.77
Societe Generale Eff     5.05   3/29/2016     EUR      72.33
Societe Generale Eff     5.67    4/7/2016     EUR      73.67
Societe Generale Eff     7.46   6/24/2016     EUR      70.61
Societe Generale Eff     8.04    7/7/2016     EUR      71.98
Societe Generale Eff     9.00  10/10/2016     EUR      72.92
Societe Generale Eff     2.47  12/29/2015     EUR      69.17
Societe Generale Eff     4.25   3/29/2016     EUR      70.39
Societe Generale Eff     4.94    4/7/2016     EUR      71.53
Societe Generale Eff     4.50    7/7/2016     EUR      74.11
Societe Generale Eff     5.75  10/10/2016     EUR      73.45
Societe Generale Eff     3.04  12/29/2015     EUR      54.45


                            *********

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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