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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 19, 2016, Vol. 17, No. 250


                            Headlines


A Z E R B A I J A N

STATE OIL: S&P Affirms 'BB' CCR, Outlook Remains Negative


C R O A T I A

BADEL 1862: Hearing Held to Determine Pre-Bankruptcy Claims


C Y P R U S

BANK OF CYPRUS: Moody's Hikes Currency Deposit Ratings to Caa2


C Z E C H   R E P U B L I C

RPG BYTY: Moody's Withdraws Ba2 Corporate Family Rating


F R A N C E

NOVASEP HOLDING: Moody's Withdraws Caa2 Corporate Family Rating
SOLOCAL GROUP: Shareholders Back EUR1.2BB Debt Restructuring


G E O R G I A

GEORGIAN WATER: Fitch Affirms 'BB-' IDR, Outlook Stable


G E R M A N Y

GIBRALTAR INDUSTRIES: To Shut European Residential Solar Racking
SC GERMANY: DBRS Raises Rating on Class D Notes to BB
GREECE: Bonus Payment for Pensioners Draws Ire From Creditors


I R E L A N D

FOURTH BELFRY: Kirby Healy Appointed as Liquidator
GLG EURO CLO II: Moody's Assigns B2 Rating to Class F Notes
GLG EURO CLO II: Fitch Assigns 'B-sf' Rating to Class F Notes


I T A L Y

MONTE DEI PASCHI: Wins Stock Market Approval to Extend Swap
ONORATO ARMATORI: Moody's Cuts Corporate Family Rating to B1


L U X E M B O U R G

PINNACLE HOLDCO: S&P Lowers CCR to 'CCC+' on Declining Liquidity


N E T H E R L A N D S

ALG BV: Moody's Puts B2 CFR on Review For Downgrade
EIGER ACQUISITION: Moody's Affirms B2 LT Corporate Family Rating
EURO GALAXY III: Fitch Assigns B-(EXP) Rating to Class F-R Notes
PEARL MORTGAGE I: Fitch Affirms 'Bsf' Rating on Class B Debt


R U S S I A

TATFONDBANK: Moody's Cuts LT Currency Deposit Ratings to Caa1


S W I T Z E R L A N D

SWISS SPACE: Declared Bankrupt by Vaud Court


U K R A I N E

ARTEM-BANK: Put Under Liquidation, License Withdrawn


U N I T E D   K I N G D O M

BIBBY OFFSHORE: S&P Lowers CCR to 'CCC+' on Weak Oil Market
DLG ACQUISITIONS: S&P Lowers CCR to 'B', Outlook Stable
EUROSAIL 2006-4NP: S&P Raises Ratings on 2 Note Classes to BB
RIVINGTON BISCUITS: In Administration, 99 Jobs Affected
UNITED BISCUITS: S&P Affirms 'B+' CCR & Revises Outlook to Neg.


X X X X X X X X

* BOND PRICING: For the Week December 12 to December 16, 2016


                            *********



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A Z E R B A I J A N
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STATE OIL: S&P Affirms 'BB' CCR, Outlook Remains Negative
---------------------------------------------------------
S&P Global Ratings said that it had affirmed its 'BB' corporate
credit rating on the State Oil Company of Azerbaijan Republic
(SOCAR).  The outlook remains negative.

At the same time, S&P affirmed the 'BB' issue rating on SOCAR's
senior unsecured debt.

Although SOCAR's financial metrics have significantly weakened,
S&P continues to see an extremely high likelihood of government
support, which underpins the rating at its current level.

"We now assess SOCAR's stand-alone credit profile at 'b+',
revised down from 'bb-', due to higher leverage.  We view SOCAR's
put option on Steas shares of Azerbaijani new manat (AZN)2.0
billion (about US$1.3 billion) as debt-like, as we do its long-
term advance payment for the deferred sale of stakes in its key
strategic projects, Shah Deniz and related pipelines (AZN2.5
billion), to SOCAR's 49%-51% joint venture with the state,
Southern Gas Corridor.  This is because the company has
accelerated monetization of its assets in lieu of borrowing.
Shah Deniz is a large internationally led gas project in
Azerbaijan that is undergoing massive expansion of its production
by about 16 billion cubic meters per year above its current level
of about 9 billion cubic meters," S&P said.

The international consortium also builds pipelines to bring new
gas volumes to the markets of Turkey and Southern Europe.
Although the deferred sale advance comes from one of Azerbaijan's
government-related entities (GREs) and helps SOCAR finance its
part of Shah Deniz capital expenditures (capex), S&P understands
that SOCAR would have to transfer its large strategic assets in
2023, and would have to use cash flow generated by Shah Deniz-1
to finance ongoing large expansion capex.  SOCAR has other debt
maturing after 2023, including a 2030 Eurobond, which effectively
ranks behind the deferred sale.  With debt adjusted for the put
option and deferred asset sale, S&P expects SOCAR's adjusted
ratio of debt to EBITDA to be about 4x and funds from operations
(FFO) to debt to be about 17%-20% in 2016-2018.

SOCAR has very large capex needs to finance a number of projects,
including expansion of the giant Shah Deniz gas field,
constructing pipelines to bring Shah Deniz gas to the markets of
Turkey and Southern Europe, as well as investments in refinery
and fertilizer plants in Turkey.  S&P expects these investments
will result in negative free operating cash flow (FOCF).  S&P
understands, however, that the state is committed to funding a
large part of SOCAR's capex on Shah Deniz and related pipelines,
which should help limit future debt increases.  Also, S&P
believes that the company aims to limit its debt growth by trying
to raise debt at the project level, as already demonstrated by
SGC issuing US$1 billion bonds in early 2016.

With S&P's oil price assumptions of Brent at US$45 per barrel
(/bbl) in 2016-2017 and US$50/bbl in 2018, S&P does not expect
any significant increases in EBITDA at least before Shah Deniz-2
comes on stream, which is scheduled for 2018.  After the fire at
SOCAR's key Azeri-Chirag-Deepwater Guneshli field in late 2015,
S&P expects SOCAR's 2016 production will be somewhat below 2015
levels.  In addition, SOCAR is exposed to difficult domestic
market conditions and currency risk.  The manat has depreciated
from AZN0.8 to US$1.0 in 2014 to AZN1.57 to US$1.0 in early 2016
and is now above 1.7.

Over 80% of SOCAR's debt is in foreign currency, as are most of
its capex, while a significant part of revenues net of trading is
generated in manat, through domestic sales of oil products and
gas, where prices have been flat.  In addition, SOCAR may be
exposed to the risks of Azerbaijan's weak banking system, where
the company keeps large cash balances.

Still, S&P continues to see an extremely high likelihood of
extraordinary state support to SOCAR.  SOCAR has a critical role
in Azerbaijan's most strategic sector -- hydrocarbons -- as a
minority shareholder and government representative in the
country's largest internationally led projects, Azeri-Chirag-
Deepwater Gunashli, Shah Deniz, and related pipelines. SOCAR is
one of Azerbaijan's largest taxpayers and employers as well as
having an important social mandate and a domestic monopoly in
refining and petrochemicals.

"We believe that, at this stage, despite the deferred sale of
SOCAR's interest to Southern Gas Corridor, SOCAR retains its
critical importance for the country's economy.  However, we will
continue to monitor any potential changes in the government's
policy toward its various GREs in the hydrocarbon sector.  In our
view, SOCAR has very strong links with its 100% shareholder, the
Azerbaijani government, which appoints the company's management
and determines its strategy.  We believe that if SOCAR were to
default, it would have severely negative consequences for the
sovereign's reputation and access to financing.  Historically,
the government has provided equity financing and loans from
state-owned banks to SOCAR.  We expect the government will
continue ongoing support for SOCAR's capex, notably on Shah
Deniz-2, which is strategic for the country.  Still, most of
SOCAR's debt does not have any state guarantees, and day-to-day
operations are managed at the corporate level," S&P said.

SOCAR is a midsize, vertically integrated hydrocarbon company,
with 2015 output of 276,000 bbl per day of oil equivalent.  It
owns legacy oil and gas production assets in Azerbaijan, minority
stakes in Azerbaijan's largest internationally led production
sharing agreement projects Azeri-Chirag-Deepwater Gunashli and
Shah Deniz, refineries in Azerbaijan, and a petrochemical plant
in Turkey.

The negative outlook on SOCAR mirrors the negative outlook on
Azerbaijan.  At the stand-alone level, S&P expects SOCAR will
maintain FFO to debt of 17%-20%, debt to EBITDA of about 4x, and
negative FOCF.  S&P expects SOCAR will retain its very strong
ties with the government and its importance as the national
hydrocarbon champion in the country's hydrocarbon-focused
economy.

S&P would likely lower the rating on SOCAR if S&P downgraded
Azerbaijan.  Although S&P could also downgrade SOCAR if its SACP
deteriorated.  However, this seems less probable and could happen
zf SOCAR sharply increases its investments or faces unexpected
material liquidity shortfalls without compensating support from
the government.  S&P would view FFO to debt of sustainably below
12% or material liquidity pressures as potentially not
commensurate with our current assessment of SOCAR's SACP.

Additional pressure on the rating could stem from a weakening of
SOCAR's role in Azerbaijan or link with the government.  This
could be the case, for example, if the ownership or operatorship
of the country's key hydrocarbon projects were to change, or if
the Azerbaijan government changed its policy on GRE support, or
if SOCAR fails to receive ongoing support to cover its large
capex needs and relatively material ongoing maturities, if
needed.  S&P do not expect these will happen in the next three to
five years.

S&P would revise the outlook to stable if it revised the outlook
on Azerbaijan to stable.  Beyond that, S&P do not see a strong
likelihood of a positive rating action in the next year or two,
given the company's substantial debt and the material uplift for
extraordinary government support S&P already factors in the
rating.



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C R O A T I A
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BADEL 1862: Hearing Held to Determine Pre-Bankruptcy Claims
-----------------------------------------------------------
SeeNews reports that Badel 1862 said a hearing was held to
determine the claims of creditors in the company's pre-bankruptcy
proceedings.

"The company will, within legal deadlines, draft an amended
financial and operational restructuring plan that will ensure the
successful completion of the pre-bankruptcy procedure and capital
adequacy", SeeNews quotes Badel 1862 as saying in a Zagreb bourse
filing on Dec. 15.

In November, the deadline for the completion of pre-bankruptcy
proceedings at Badel 1862 was extended by 90 days, SeeNews
relates.

Also in November, Badel 1862 announced a decision to invite local
chemical products maker Meteor, to aid with the company's
financial and operational restructuring as part of the
pre-bankruptcy proceedings, SeeNews recounts.

Badel 1862 is a Croatian alcoholic and soft drinks producer.



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C Y P R U S
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BANK OF CYPRUS: Moody's Hikes Currency Deposit Ratings to Caa2
--------------------------------------------------------------
Moody's Investors Service has upgraded Bank of Cyprus Public
Company Limited's (BoC) long-term local and foreign currency
deposit ratings to Caa2 from Caa3 and Hellenic Bank Public
Company Ltd's (Hellenic) to Caa1 from Caa2. The banks' Not-Prime
short-term local and foreign currency deposit and Commercial
Paper ratings have been affirmed. The rating actions are driven
by the upgrade of the banks' standalone Baseline Credit
Assessments (BCA) to caa2 from caa3 reflecting the improvement in
the operating environment which led to the improvement in the
Macro Profile for Cyprus to 'Weak' from 'Very Weak+', as well as
the banks' improved profitability, asset quality, capitalisation
and funding. Moody's notes that the ratings of these two banks
remain at low levels, reflecting, in particular, the
vulnerability of their capital buffers to the high stock of non-
performing loans (NPLs).

Hellenic's Caa1 long-term deposit ratings also incorporate one
notch of uplift from the bank's caa2 BCA. The uplift results from
the application of the rating agency's Loss Given Failure
Analysis, which considers the liability structure of the bank's
balance sheet, particularly the bank's high volume of loss
absorbing corporate deposits.

The outlook on the long-term deposit ratings for both banks
remains positive reflecting the rating agency's view that the
banks' asset quality and capitalisation will continue to improve,
supported by the economic recovery in Cyprus.

RATINGS RATIONALE

THE IMPROVEMENT IN THE MACRO PROFILE FOR CYPRUS

Moody's has changed Cyprus's Macro Profile to 'Weak' from 'Very
Weak+' to reflect the improvements in the operating conditions
mainly relating to the country's long-term growth dynamics and
its susceptibility to event risk, which are sovereign driven
inputs to the country's Macro Profile.

Moody's changed its assessment for Cyprus's economic strength to
'Low+' from 'Low', driven by the country's economic recovery,
after three years of severe economic contraction, and improving
expectations of medium-term growth.

The rating agency's assessment, however, continues to reflect the
small size and relatively undiversified nature of the Cypriot
economy, as well as the debt overhang, which constrains further
economic expansion. In addition, Moody's also changed its score
for the country's susceptibility to event risk, adjusted to
exclude the risk arising from the country's large banking sector,
to 'Low' from 'Moderate'. The rating agency's assessment is
driven by its views that both political and liquidity risk are
low for the Government of Cyprus.

SPECIFIC ANALYTICAL FACTORS FOR THE TWO BANKS

BANK OF CYPRUS

The upgrade of BoC's BCA to caa2 and long-term deposit ratings to
Caa2 reflects the improvement in the bank's financial metrics,
mainly asset quality, capitalisation and funding, as well as
Moody's expectation that the bank will be profitable in 2016
following five loss-making years. Nevertheless, given the large
stock of problematic loans, Moody's expects BoC's asset quality
metrics to remain weak for a prolonged period of time, weighing
on the bank's credit profile.

BoC's ratio of NPLs (defined as loans 90 days past due and
impaired loans) to gross loans declined to 42.6% as of September
2016 from its peak of 52.5% in September 2015, reflecting mainly
successful loan restructurings and also write-offs. Although
higher, the ratio of Non-Performing Exposures (NPEs; the European
Banking Authority's more broad definition of problematic debt) to
gross loans also declined to 57.8% from its peak of 62.2% a year
earlier. Moody's expects BoC's continued loan restructurings to
lead to further asset quality improvement. According to the bank,
an additional EUR1.9 billion of NPEs (16% of total) will be
restored to performing status over the next 12 months, provided
the borrowers maintain their current performance and meet all
exit criteria. The accelerating domestic economic recovery
(Cyprus' year-on-year real GDP growth rate for the first nine
months of 2016 was 2.9%, following 1.6% in 2015 according to the
Cyprus Statistical Agency) is supporting the improved performance
of restructured loans. The coverage ratio improved with the loan
loss reserves to NPLs ratio increasing to 53% as of September
2016 from 38% in December 2014.

After five loss-making years, Moody's expects that BoC will be
profitable in 2016 supporting internal capital generation. BoC's
profitability is driven by significantly reduced credit costs.
However, core profitability will remain under pressure due to
limited new loan growth and weak, although improving, fee income.
For the first nine months of 2016, BoC reported net profit of
EUR62 million, mainly the result of lower credit costs, at 1.96%
of gross loans (a level the rating agency expects the bank to
maintain). Although the bank's profitability also benefited from
one off gains relating to the sale of Visa Europe to Visa Inc,
the bank also reported higher costs owing to one-off costs
related to advisory costs and the bank's early retirement plan.
As of September 2016, BoC's Common Equity Tier 1 capital ratio
was 14.6%, while the leverage ratio was 13.2%.

Moody's expects BoC will repay its Emergency Liquidity Assistance
(ELA) funding in the coming quarters. BoC's ELA currently
declined to EUR400 million from its peak of EUR11.4 billion in
April 2013. The reduction in ELA was driven by strengthening
depositor confidence, with the bank's deposits growing to 70% of
total assets as of September 2016 from 47% in December 2014.

HELLENIC BANK

The upgrade of Hellenic's BCA to caa2 and long-term deposit
ratings to Caa1 reflects the improvement in the bank's financial
metrics, mainly asset quality and capitalisation as well as
Moody's expectations that the bank will continue to be profitable
in 2016 following modest profits in 2015. Nevertheless, given the
large stock of problem loans, Moody's expects Hellenic's asset
quality to remain weak for a prolonged period of time, weighing
on the bank's credit profile.

Moody's expects Hellenic Bank to maintain momentum in terms of
loan restructurings, leading to further asset quality improvement
in coming quarters. The volume of distressed loans restructured
during the first nine months of 2016 reached EUR490 million,
compared to EUR388 million during the same period in 2015,
increasing the ratio of forborne loans to 30% of gross loans. At
the same time, the economic recovery continues to support the
performance of restructured loans. As a result, the ratio of the
bank's NPEs to gross loans declined to 57.1% as of September
2016, from 61.2% in September 2015. Hellenic's NPEs coverage
ratio stood at 49.9% as of September 2016.

Hellenic Bank benefits from a deposit-based funding profile and
strong liquidity buffers. Deposits accounted for around 86% of
total assets as of September 2016. Although a large portion of
Hellenic Bank's funding consists of confidence sensitive deposits
from foreign companies, Moody's notes the stability these
deposits have displayed through challenging years. In addition,
Hellenic's high liquidity buffers allow the bank to counter
potential deposit withdrawals. Liquid assets consisting of cash
and balances with banks (mainly with the European Central Bank
and Prime-1 rated banks) stood at 38% of assets as of September
2016; adding the bank's debt investments to governments and
predominantly investment-grade banks, the ratio increases to
47.5%.

Hellenic Bank's core profitability will continue to be pressured
by the low returns on its high liquidity buffers and sustained
high operational costs. The net profit for the first nine months
of 2016 was EUR5 million mainly thanks to one-off gains from the
sale of Visa Europe to Visa Inc. The bank's bottom line will
continue to be pressured by its weaker efficiency than domestic
peers' (cost-to-income at 56.5%), the low return on its high
stock of liquid assets and sustained high credit costs. For the
first nine months of 2016, the bank reported annualised credit
costs of 2.1%. The modest profitability will give only limited
support to the bank's capital buffers with a Common Equity Tier 1
ratio of 14.4% as of September 2016 and leverage ratio of 9.4%.

WHAT COULD MOVE RATINGS UP/DOWN

Upward pressure on the ratings of both banks could develop
following improvements in their financial performance -- mainly
further sustained reductions in the volume of NPLs and increased
cash coverage of NPLs.

The outlook could be changed to stable if the banks' progress
with restructurings stagnates or if economic growth falters,
leading to a reversal in the recent improvement to the banks'
asset-quality metrics.

The principal methodology used in these ratings was Banks
published in January 2016.

List of Affected Ratings:

Upgrades:

   Issuer: Bank of Cyprus Public Company Limited

   -- LT Bank Deposits (Foreign Currency and Local Currency),
      Upgraded to Caa2 Positive from Caa3 Positive

   -- Senior Unsecured MTN, Upgraded to (P)Caa2 from (P)Caa3

   -- Subordinate MTN, Upgraded to (P)Caa3 from (P)Ca

   -- Junior Subordinate MTN, Upgraded to (P)Caa3 from (P)Ca

   -- Adjusted Baseline Credit Assessment, Upgraded to caa2 from
      caa3

   -- Baseline Credit Assessment, Upgraded to caa2 from caa3

   -- LT Counterparty Risk Assessment, Upgraded to B2(cr) from
      Caa1(cr)

   Issuer: Hellenic Bank Public Company Ltd

   -- LT Bank Deposits (Foreign Currency and Local Currency),
      Upgraded to Caa1 Positive from Caa2 Positive

   -- Adjusted Baseline Credit Assessment, Upgraded to caa2 from
      caa3

   -- Baseline Credit Assessment, Upgraded to caa2 from caa3

   -- LT Counterparty Risk Assessment, Upgraded to B2(cr) from
      B3(cr)

Affirmations:

   Issuer: Bank of Cyprus Public Company Limited

   -- ST Bank Deposits (Foreign Currency and Local Currency),
      Affirmed NP

   -- Commercial Paper, Affirmed NP

   -- ST Counterparty Risk Assessment, Affirmed NP(cr)

   Issuer: Hellenic Bank Public Company Ltd

   -- ST Bank Deposits (Foreign Currency and Local Currency),
      Affirmed NP

   -- Commercial Paper, Affirmed NP

   -- ST Counterparty Risk Assessment, Affirmed NP(cr)

Outlook Actions:

   Issuer: Bank of Cyprus Public Company Limited

   -- Outlook, Remains Positive

   Issuer: Hellenic Bank Public Company Ltd

   -- Outlook, Remains Positive



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C Z E C H   R E P U B L I C
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RPG BYTY: Moody's Withdraws Ba2 Corporate Family Rating
-------------------------------------------------------
Moody's Investors Service has withdrawn the Ba2 Corporate Family
Rating and Ba3-PD Probability of Default ratings of RPG Byty
s.r.o.

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

RPG Byty s.r.o. is an unlisted real estate company located in the
Czech Republic that invests in multifamily residential
accommodation located in and around the city of Ostrava, in the
Moravia-Silesia region of the Czech Republic.



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F R A N C E
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NOVASEP HOLDING: Moody's Withdraws Caa2 Corporate Family Rating
---------------------------------------------------------------
Moody's Investors Service has withdrawn all the ratings of French
life science contract manufacturer Novasep Holding SAS (Novasep
or the company), including its Caa2 Corporate Family Rating (CFR)
and its Caa2-PD Probability of Default Rating (PDR). At the time
of withdrawal, there was no instrument rating outstanding.

Moody's has withdrawn Novasep' ratings for its own business
reasons.

LIST OF AFFECTED RATINGS:

Withdrawals:

   Issuer: Novasep Holding SAS

   -- LT Corporate Family Rating, Withdrawn, previously rated
      Caa2

   -- Probability of Default Rating, Withdrawn, previously rated
      Caa2-PD

Outlook Actions:

   Issuer: Novasep Holding SAS

   -- Outlook, Changed To Rating Withdrawn From Stable

Headquartered in France, Novasep is a global provider of contract
manufacturing services for life sciences industries and a
manufacturer and supplier of proprietary equipment and processes
for the purification of molecules.

For the last twelve months ended 30 September 2016, Novasep
generated revenues of EUR261 million and reported an EBITDA of
EUR25 million (9% margin).


SOLOCAL GROUP: Shareholders Back EUR1.2BB Debt Restructuring
------------------------------------------------------------
Luca Casiraghi and Fabio Benedetti-Valentini at Bloomberg News
report that Solocal Group shareholders approved plans to
restructure EUR1.2 billion (US$1.3 billion) of debt, ending a
standoff that had left the French yellow-pages publisher on the
brink of insolvency.

According to Bloomberg, under the agreement, creditors will get
as much as 86% of the company and debt will be cut to EUR400
million.

More than 70% of voting shareholders supported the plan, clearing
a two-thirds requirement and averting plans by creditors to call
in debt, Bloomberg discloses.  Rebel shareholders had rallied
opposition to the accord in a bid to get better terms, Bloomberg
states.  A similar investor revolt derailed a previous agreement
in October, Bloomberg notes.

The creditors, which include Amber Capital, Monarch Alternative
Capital and Paulson & Co., approved the debt plan last month,
Bloomberg relays.

                       About SoLocal Group

Solocal Group is a French directories publisher.

                           *   *   *

As reported by the Troubled Company Reporter-Europe on Aug. 15,
2016, Fitch Ratings downgraded French media group Solocal Group
SA's (SLG) Long-Term Issuer Default Rating to 'C' from 'CC'.  At
the same time the agency has downgraded the senior secured bonds
issued by PagesJaunes Finance to 'C'/'RR4' from 'CCC-'/'RR3'. The
downgrades reflect management's announced plans to restructure
debt, include an equity rights issue of up to EUR400 mil., debt
for equity exchange and write-down of existing borrowings, the
gross amount of which currently stands at EUR1,164 mil.

The TCR-Europe reported on Aug. 11, 2016, that Moody's Investors
Service downgraded the ratings of SoLocal Group S.A.'s
("SoLocal"), including the Corporate Family Rating (CFR) to Ca
from Caa2, the Probability of Default Rating (PDR) to Ca-PD from
Caa2-PD and the rating of the EUR350 million senior secured notes
due 2018 issued by PagesJaunes Finance & Co. S.C.A. to Ca
from Caa2.  The outlook on all ratings is negative.  The
downgrade of SoLocal's ratings follows the announcement of its
Financial Restructuring Plan ("FRP") on August 1, 2016.  The FRP
proposes a reduction in gross debt to EUR400 million from
EUR1,164 million based on a mixture of prepayment, equitization
and distressed exchange.



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G E O R G I A
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GEORGIAN WATER: Fitch Affirms 'BB-' IDR, Outlook Stable
-------------------------------------------------------
Fitch Ratings has affirmed Georgian Water and Power LLC's (GWP)
Long-Term Foreign and Local Currency Issuer Default Ratings (IDR)
at 'BB-'.  The Outlook is Stable.  Fitch also affirmed GWP
foreign and local currency senior unsecured ratings of 'BB-'.

The 'BB-' ratings reflect the company's natural monopoly position
in Tblisi's water supply and sanitation sector.  The ratings are
supported by low sector risk, solid profitability, low leverage
and good receivables collection rates.  These positive attributes
are offset by regulatory uncertainty and lack of tariff
increases, heavily worn-out water infrastructure causing around
50% water losses and a risk of related-party transactions.

                        KEY RATING DRIVERS

More Transparent Ownership Structure
Ultimate ownership by BGEO Group Plc (BGEO) is credit-positive
for GWP, in our view.  It materially reduces concerns associated
with GWP's corporate governance and affords greater visibility
over the company's strategy and financial profile.  BGEO's
pursuit of value creation translates into greater focus on
efficiencies, which is likely to bring cash flow benefits over
the medium-term.  Fitch also expects full ownership by BGEO to
lead to a more diversified, cheaper and longer tenor debt
financing for GWP.

In July 2016, BGEO announced the acquisition of a 75% equity
stake in Georgian Global Utilities Limited (GGU), the ultimate
parent of GWP, which brought its ownership to 100%.  GGU is
purely a financial investment for BGEO with a planned investment
horizon of six years.  BGEO is a London Stock Exchange-listed
holding company, which controls 99.6% of Bank of Georgia
(BB-/Stable/bb-), Georgia's largest bank.

Water Loss Reduction Slow

Reported water losses in 2015 and the first nine months of 2016
were 51.5% and 50.7%, not reaching the company's target.  Fitch
conservatively reflects slower-than-expected water loss reduction
in our modelling assumptions for 2017-2019.  Slow progress is
associated with the complex and lengthy process of improving
management information systems and adopting more efficient asset
management practices.  However, GWP is confident it will deliver
substantial improvements in the future.  A cornerstone of these
efficiencies is a zoning project currently being implemented,
which would allow identifying physical location of the losses.

Reduction of water losses is important for GWP as it is the most
significant driver of EBITDA growth given uncertainty over tariff
increases.  Loss reduction has a multiplicative effect on
earnings as it reduces water production costs and frees up
electricity produced by GWP's hydro power plants for external
sales.

Favourable Regulatory Developments in Sight

Fitch views positively the envisaged changes in the regulatory
approach from 2018, which would ensure appropriate remuneration
of the regulated asset base (RAB) and incentivise infrastructure
investment and efficiencies.  The industry regulator, Georgian
National Energy and Water Supply Regulatory Commission, is
actively working on a new revenue cap tariff setting methodology
for water supply and sanitation sector.  This is planned to be
tested in 2017 and implemented in 2018.  The regulator is
considering the introduction of 2% efficiency factor for
controllable opex, operational targets including water loss
reduction and customer performance targets.

There is a potential for GWP's tariffs to be increased under the
new price control given its large investment programme.  This
would be an upside to Fitch's forecast.  The company's tariffs
were last increased in 2010.

Strong Financial Flexibility

Fitch's average forecast financial metrics funds from operations
(FFO) net-adjusted leverage of 1.3x and FFO interest cover of
4.8x in 2016-2019 position GWP very comfortably within the rating
guidance.  Although Fitch conservatively forecast EBITDA to go
down in 2018-2019 due to slow water loss reduction progress and
absence of tariff increases, the company still manages to de-
lever due to its strong free cash flow generation.  Fitch notes a
possibility of an opportunistic step-up in capex should
attractive debt financing become available.  Additionally we note
minimal exposure to foreign currency exchange rate fluctuations
as the company managed to refinance all of its borrowings in the
local currency.

Part of Larger Group

GWP is fully owned by GGU, which also owns Rustavi Water LLC,
Mtskheta Water LLC, Gardabani Sewage Treatment Plant LLC and
Saguramo Energy LLC.  Fitch's analysis concluded that the group
relationship does not give rise to downward notching of GWP's
rating at present.  This is because Fitch assess GWP's and GGU's
credit profiles similarly as in 2015 GWP generated 99% of the
group's EBITDA and held 94% of the group's debt at 30 September
2016.  Fitch will continue monitoring group relationship and
related party transactions to ensure these are appropriately
reflected in ratings.

                        DERIVATION SUMMARY

GWP is a small water company in terms of its asset base and
geography relative to the rated peer universe.  It is also an
outlier in terms of the asset quality as legacy underinvestment
in Georgia's infrastructure has led to water losses exceeding
50%, which is extremely high compared to an average of 24% in
Russia or 20% in Czech Republic.  However, GWP benefits from a
strong financial profile, including solid profitability aided by
its hydro power generation and low leverage.  For comparison,
Fitch expects average four-year forecast FFO net-adjusted
leverage of 1.3x for GWP, 1.2x for Russia's private water and
wastewater operator Ventrelt Holdings Ltd (BB-/Stable) and 5.0x
for Czech regional water and wastewater network owner and
operator Severomoravske vodovody a kanalizace Ostrava a.s.
(BB+/Stable).

                          KEY ASSUMPTIONS

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

   -- 5% average growth in the annual water consumption of
      commercial customers in 2016-2019, in line with three-year
      historical average
   -- Stable population in Tbilisi over the forecast period
   -- Zero water tariff increases for commercial and residential
      customers in 2016-2019
   -- Blended electricity price going down by 2% per annum on
      average in 2016-2019
   -- Water losses dropping from 51.1% in 2015 to 47.5% in 2019
   -- Slow pace of further water metering roll-out, to 26%
      metered residential customers by end-2018 from 22% at
      end-2015
   -- Annual cost of water and electricity production growing at
      13% and 5% CAGRs, respectively
   -- Total capital expenditures (net of customer connection
      fees) of GEL124 mil. over 2016-2019, with most to be spent
      in 2017 (GEL55 mil.)
   -- Average weighted cost of debt at 12.4%
   -- GEL14 mil. dividend in 2016 (due to the GEL13 mil. dividend
      paid to the previous shareholder) and GEL0.3 mil. in 2017-
      2019 (new shareholder favours value creation over cash
      returns)

                       RATING SENSITIVITIES

Future Developments That May, Individually or Collectively, Lead
to Positive Rating Action

A positive rating action is not anticipated in the near future.
However, these developments may collectively lead to one:

   -- Approval of a long-term tariff-setting methodology, with
      tariff increases sufficient to cover operating costs and
      incentivise infrastructure investment.
   -- A step improvement in asset quality and the amount of
      network losses.

Future Developments That May, Individually or Collectively, Lead
to Negative Rating Action:

   -- An increase in FFO net-adjusted leverage (excluding
      connection fees) towards 3.0x.
   -- A sustained reduction in profitability and cash generation
      through lack of long-term tariff increases, failure to
      reduce water losses or deterioration in cash collection
      rates.
   -- The senior unsecured rating could be notched down if the
      amount of priority debt, ranking ahead of the senior
      unsecured debt, increases towards 2.0x EBITDA.

                             LIQUIDITY

Adequate Liquidity

At Sept. 30, 2016, GWP had short-term debt of GEL15.5 mil.
against cash and cash equivalents of GEL4.6 mil. and Fitch's
projected positive free cash flow of GEL13.6 mil.  The company
does not have any available committed credit facilities, and its
liquidity profile is reliant on internal cash generation.  The
discretionary nature of GWP's investment programme means Fitch
assess the company's liquidity profile as adequate.

Most of GWP's debt is secured on the shares of its parent, GGU,
which affords creditors some control in a potential insolvency.
The local bonds issued in 2015 and 2016 are unsecured, and
therefore, have less creditor protection than the rest of the
debt.  Fitch do not notch unsecured debt ratings down from the
IDR as the amount of priority debt does not exceed Fitch's
threshold of 2.0x EBITDA.  Should the amount of prior ranking
debt exceed 2.0x EBITDA, Fitch could apply downward notching to
senior unsecured ratings.



=============
G E R M A N Y
=============


GIBRALTAR INDUSTRIES: To Shut European Residential Solar Racking
----------------------------------------------------------------
SeeNews reports that Gibraltar Industries Inc. on Dec. 9 said it
will exit its small European business that sells residential
solar racking, along with its US bar grating product line.

According to the report, Gibraltar chief executive Frank Heard
said that negative market dynamics hinder the profitability of
both product lines for the foreseeable future. The report relates
that the move is in line with the company's portfolio management
strategy to focus resources on highest-return markets. It will
see the closure of five facilities and 250 job losses over the
next 120 days.

SeeNews says the changes will affect mainly the company's
Industrial and Infrastructure Products segment. They are expected
to reduce annual revenues by USD75 million (EUR70.2 million), but
increase operating profit by more than USD6 million. The move is
also expected to lead to after-tax charges of about USD27
million, mainly non-cash write-downs in net asset values.

Gibraltar designs, manufactures and installs solar mounting
systems for commercial and utility-scale projects under the RBI
Solar brand. In 2014, RBI Solar acquired German photovoltaic (PV)
mounting systems maker Renusol GmbH from insolvent Centrosolar.


SC GERMANY: DBRS Raises Rating on Class D Notes to BB
-----------------------------------------------------
DBRS Ratings Limited taken the following rating actions on the
Notes issued by SC Germany Consumer 2015-1 UG
(haftungsbeschrankt) (the Issuer):

   -- EUR1,155,000,000 Class A Fixed-Rate Notes confirmed at AA
      (sf)

   -- EUR101,500,000 Class B Fixed-Rate Notes confirmed at A (sf)

   -- EUR39,200,000 Class C Fixed-Rate Notes upgraded to BBB
      (high) (sf) from BBB (sf)

   -- EUR45,500,000 Class D Floating-Rate Notes upgraded to BB
      (high) (sf) from BB (sf)

DBRS does not rate the EUR58,800,000 Class E Floating-Rate Notes
of the Issuer. The above-mentioned rating actions follow an
annual review of the transaction and are based on the following
analytical considerations, as described more fully below:

   -- The overall portfolio performance as of the December 2016
      payment date, in particular with regard to low levels of
      cumulative net loss and delinquencies.

   -- The ability of the transaction to withstand stressed cash
      flow assumptions and repay investors according to the terms
      and conditions of the Notes.

   -- The current levels of credit enhancement available to the
      Notes to cover expected losses assumed in line with their
      respective rating levels.

The ratings of the Notes address the timely payment of interest
and the ultimate payment of principal on or before the Final
Maturity Date in December 2028.

SC Germany Consumer 2015-1 UG (haftungsbeschrÑnkt) is a
securitisation of German auto loans originated by Santander
Consumer Bank AG (SCB), a subsidiary of Santander Consumer
Finance SA (SCF). The EUR 1,400.0 million portfolio, as of the
December 2016 payment date, consists of both secured (23.9%) and
unsecured (76.1%) loans.

The transaction envisaged an initial 12-month revolving period,
which has now matured and the Notes will start to amortise on the
January 2017 payment date.

As of the December 2016 payment date, 30-day to 60-day
delinquencies were 0.4% of the outstanding principal balance and
60-day to 90-day delinquencies were 0.2%, while delinquencies
greater than 90 days were 0.1%. The gross cumulative defaults as
a ratio of the original portfolio plus all additional receivables
are 0.9%, of which 0.8% have been recovered.

Credit Enhancement (CE) is provided by overcollateralisation and
the subordination of the respective junior obligations. As of
December 2016: CE for the Class A Notes has remained at 17.5%
since closing; CE for the Class B Notes has remained at 10.3%
since closing; CE for the Class C Notes has remained at 7.5%
since closing; and CE for the Class D Notes has remained at 4.2%
since closing.

The transaction benefits from a Liquidity Reserve available to
cover senior fees, expenses, swap payments and the interest due
on the Class A Notes. It has remained at its target level of EUR
7.0 million since closing, and has an amortising target of 0.5%
of the Aggregate Outstanding Principal Amount.

The deal is exposed to potential commingling and set-off risks
(as debtors may open accounts with the Originator). As a
mitigant, the Servicer undertakes to fund a Commingling Reserve,
as well as a Set-Off Reserve, if the DBRS rating of SCB's parent
company (SCF) falls below specific thresholds as defined in the
legal documentation. These reserves continue to be unfunded as
none of the rating triggers have been breached to date.

DBRS notes that there is a fixed-to-floating interest rate swap
related to the lowest-ranked Classes D and E Notes between the
Issuer and the swap counterparty, Unicredit Bank AG. The swap
payments (other than termination payments when the swap
counterparty is the defaulting party under the swap agreement)
rank ahead of the Notes in the waterfall. DBRS has considered the
relevant interest rate scenarios and the impact of regular swap
payments on the cash flows in accordance with its methodologies.
Unquantifiable termination payments in a scenario when the Issuer
is the defaulting party may also affect the more senior classes
of notes without hedge. However, such circumstance is expected to
be sufficiently remote for the purpose of the rating assignment,
as DBRS does not factor in additional risks related to scenarios
such as post-enforcement after an issuer default or issuer
liquidation.

The Bank of New York Mellon, Frankfurt Branch acts as the Account
Bank for the transaction. DBRS's private rating of The Bank of
New York Mellon, Frankfurt Branch complies with the minimum
institution rating given the ratings assigned to the Notes, as
described in DBRS's "Legal Criteria for European Structured
Finance Transactions" methodology.

Notes: All figures are in euros (EUR) unless otherwise noted.

The principal methodology applicable is: "Master European
Structured Finance Surveillance Methodology".

DBRS has applied the principal methodology consistently and
conducted a review of the transaction in accordance with the
principal methodology.

A review of the transaction legal documents was not conducted as
the documents have remained unchanged since the most recent
rating action.

Other methodologies referenced in this transaction are listed at
the end of this press release.

For a more detailed discussion of the sovereign risk impact on
Structured Finance ratings, please refer to DBRS commentary "The
Effect of Sovereign Risk on Securitisations in the Euro Area".

The sources of information used for this rating include monthly
investor reports provided by SCB.

DBRS does not rely upon third-party due diligence in order to
conduct its analysis.

DBRS was supplied with third party assessments at the Initial
Rating. However, this did not impact the rating analysis.

DBRS considers the information available to it for the purposes
of providing this rating to be of satisfactory quality.

DBRS does not audit the information it receives in connection
with the rating process, and it does not and cannot independently
verify that information in every instance.

The last rating action on this transaction took place on December
15, 2015, when DBRS finalised the provisional ratings assigned to
the Notes.

The lead responsibilities for this transaction have been
transferred to Joana Seara da Costa.

To assess the impact of changing the transaction parameters on
the rating, DBRS considered the following stress scenarios, as
compared to the parameters used to determine the rating (the
"Base Case"):

   -- DBRS expected a Base Case probability of default (PD) and
      loss given default (LGD) for the portfolio based on a
      review of the current assets. Adverse changes to asset
      performance may cause stresses to Base Case assumptions
      and, therefore, have a negative effect on the credit
      ratings.

   -- The Base Case of PD and LGD of the current pool of assets
      of receivables are 6.6% and 82.5%, respectively.

   -- The risk sensitivity overview below illustrates the ratings
      expected for the Notes if the PD and LGD increase by a
      certain percentage over the Base Case assumptions.

For example, if the LGD increases by 50%, the ratings for the
Class A, Class B, Class C and Class D Notes would be expected to
decrease to AA (low) (sf), A (low) (sf), BBB (sf) and BB (sf),
respectively, ceteris paribus. If the PD increases by 50%, the
ratings for the Class A, Class B, Class C and Class D Notes would
be expected to decrease to A (sf), BBB (sf), BB (high) (sf) and B
(sf), respectively, ceteris paribus. Furthermore, if both the PD
and LGD increase by 50%, the ratings for the Class A, Class B,
Class C and Class D Notes would be expected to decrease to A
(low) (sf), BB (high) (sf), BB (low) (sf) and below B (sf),
respectively, ceteris paribus.

Class A Notes risk sensitivity:

   -- 25% increase in LGD, expected rating of AA (low) (sf)

   -- 50% increase in LGD, expected rating of AA (low) (sf)

   -- 25% increase in PD, expected rating of AA (low) (sf)

   -- 25% increase in PD and 25% increase in LGD, expected rating
      of A (sf)

   -- 25% increase in PD and 50% increase in LGD, expected rating
      of A (sf)

   -- 50% increase in PD, expected rating of A (sf)

   -- 50% increase in PD and 25% increase in LGD, expected rating
      of A (low) (sf)

   -- 50% increase in PD and 50% increase in LGD, expected rating
      of A (low) (sf)

Class B Notes risk sensitivity:

   -- 25% increase in LGD, expected rating of A (low) (sf)

   -- 50% increase in LGD, expected rating of A (low) (sf)

   -- 25% increase in PD, expected rating of A (low) (sf)

   -- 25% increase in PD and 25% increase in LGD, expected rating
      of BBB (sf)

   -- 25% increase in PD and 50% increase in LGD, expected rating
      of BBB (sf)

   -- 50% increase in PD, expected rating of BBB (sf)

   -- 50% increase in PD and 25% increase in LGD, expected rating
      of BB (high) (sf)

   -- 50% increase in PD and 50% increase in LGD, expected rating
      of BB (high) (sf)

Class C Notes risk sensitivity:

   -- 25% increase in LGD, expected rating of BBB (sf)

   -- 50% increase in LGD, expected rating of BBB (sf)

   -- 25% increase in PD, expected rating of BBB (sf)

   -- 25% increase in PD and 25% increase in LGD, expected rating
      of BB (high) (sf)

   -- 25% increase in PD and 50% increase in LGD, expected rating
      of BB (high) (sf)

   -- 50% increase in PD, expected rating of BB (high) (sf)

   -- 50% increase in PD and 25% increase in LGD, expected rating
      of BB (low) (sf)

   -- 50% increase in PD and 50% increase in LGD, expected rating
      of BB (low) (sf)

Class D Notes risk sensitivity:

   -- 25% increase in LGD, expected rating of BB (sf)

   -- 50% increase in LGD, expected rating of BB (sf)

   -- 25% increase in PD, expected rating of BB (sf)

   -- 25% increase in PD and 25% increase in LGD, expected rating
      of B (sf)

   -- 25% increase in PD and 50% increase in LGD, expected rating
      of B (sf)

   -- 50% increase in PD, expected rating of B (sf)

   -- 50% increase in PD and 25% increase in LGD, expected rating
      of below B (sf)

   -- 50% increase in PD and 50% increase in LGD, expected rating
      of below B (sf)

Ratings assigned by DBRS Ratings Limited are subject to EU
regulations only.


GREECE: Bonus Payment for Pensioners Draws Ire From Creditors
-------------------------------------------------------------
The Associated Press reports that Greek lawmakers have approved a
controversial Christmas bonus payment for low-earning pensioners
that prompted bailout creditors to suspend a debt relief deal
agreed upon just recently.

The left-led government insisted again on Dec. 15 that it's not
doing anything that goes against the terms of its bailout deal
with creditors and that it's exercising its sovereign right in
providing the handout which will be funded by budget savings, the
AP relates.

But European creditors say Athens should have sought clearance
first, and on Dec. 14 froze the short-term debt relief deal that
includes a smoothing of some of Greece's repayments to prevent
debt humps and a waiving of an interest rate increase, the AP
discloses.

Prime Minister Alexis Tsipras was due to raise the issue with
other European Union leaders during a summit meeting in Brussels
on Dec. 15, the AP notes.

The article on the bonus, which Athens wants to distribute this
week, was approved by 196 votes, while 61 lawmakers from the main
opposition conservative party abstained, the AP states.

As lawmakers prepared to vote in Athens, some 5,000 pensioners
marched peacefully to Mr. Tsipras' office to protest years of
cuts to their pensions under the country's bailout commitments,
the AP relays.

Protesters, as cited by the AP, said the bonus granted to people
receiving up to EUR850 (US$885) a month was too small.

Greece has imposed income reductions, tax hikes and wide-ranging
reforms since 2010 to secure a series of rescue loans that have
prevented the country's bankruptcy and exit from the euro
currency, according to the AP.



=============
I R E L A N D
=============


FOURTH BELFRY: Kirby Healy Appointed as Liquidator
--------------------------------------------------
Irish Independent reports that insolvency expert Myles Kirby of
Kirby Healy has been appointed as liquidator of The Fourth Belfry
Properties (UK) plc, one of a series of investment vehicles put
together between 2001 and 2006 and marketed by AIB though its
branches.

He was voted in with support from investors rather than the
company's nominee, the report says.

According to the report, the funds raised money from Irish
investors which was used, alongside loans from AIB, to buy
commercial property in the UK.

Five out of six of the Belfry funds collapsed when the value of
the investments plunged after the financial crash.

Irish Independent relates that the fund had raised money in
Ireland to buy property in England but used a complex web of
Jersey-based holding companies to structure the deals.

The report says the assets were sold off at a loss from 2012
onwards, with the bank first in line to be repaid, and investors
ultimately left on the hook for a EUR54 million shortfall owed to
AIB.

The small investors who had ploughed EUR34 million into Belfry 4
are officially classed as creditors, but have no prospect of
recovering any of the original cash from the liquidation.

The bank and some investors have been locked in a long running
legal row.

According to Irish Independent, solicitor Tom Casey, who acts for
a number of investors, said the appointment of their nominee as
liquidator was a victory.

"Investors are still looking for answers," the report quotes Mr.
Casey as saying.

Liquidators of insolvent companies in Ireland must determine the
reasons the company failed and review the conduct and decisions
of the directors. There is also a statutory obligation on
liquidators to prepare a report for the Director of Corporate
Enforcement, Irish Independent notes.


GLG EURO CLO II: Moody's Assigns B2 Rating to Class F Notes
-----------------------------------------------------------
Moody's Investors Service announced that it has assigned the
following definitive ratings to notes issued by GLG Euro CLO II
D.A.C.:

   -- EUR207,000,000 Class A-1 Senior Secured Floating Rate Notes
      due 2030, Definitive Rating Assigned Aaa (sf)

   -- EUR10,000,000 Class A-2 Senior Secured Fixed Rate Notes due
      2030, Definitive Rating Assigned Aaa (sf)

   -- EUR43,900,000 Class B Senior Secured Floating Rate Notes
      due 2030, Definitive Rating Assigned Aa2 (sf)

   -- EUR17,700,000 Class C Deferrable Mezzanine Floating Rate
      Notes due 2030, Definitive Rating Assigned A2 (sf)

   -- EUR 17,300,000 Class D Deferrable Mezzanine Floating Rate
      Notes due 2030, Definitive Rating Assigned Baa2 (sf)

   -- EUR19,200,000 Class E Deferrable Junior Floating Rate Notes
      due 2030, Definitive Rating Assigned Ba2 (sf)

   -- EUR7,700,000 Class F Deferrable Junior Floating Rate Notes
      due 2030, Definitive Rating Assigned B2 (sf)

RATINGS RATIONALE

Moody's definitive rating of the rated notes addresses the
expected loss posed to noteholders by the legal final maturity of
the notes in 2030. The definitive ratings reflect the risks due
to defaults on the underlying portfolio of loans given the
characteristics and eligibility criteria of the constituent
assets, the relevant portfolio tests and covenants as well as the
transaction's capital and legal structure. Furthermore, Moody's
is of the opinion that the collateral manager, GLG Partners LP
("GLG Partners"), has sufficient experience and operational
capacity and is capable of managing this CLO.

GLO Euro CLO II D.A.C. is a managed cash flow CLO. At least 90%
of the portfolio must consist of senior secured loans and senior
secured bonds and up to 10% of the portfolio may consist of
unsecured obligations, second-lien loans, mezzanine loans and
high yield bonds. The bond bucket gives the flexibility to GLO
Euro CLO II D.A.C. to hold bonds if Volcker Rule is changed. The
portfolio is expected to be approximately 70% ramped up as of the
closing date and to be comprised predominantly of corporate loans
to obligors domiciled in Western Europe.

GLG Partners will manage the CLO. It will direct the selection,
acquisition and disposition of collateral on behalf of the Issuer
and may engage in trading activity, including discretionary
trading, during the transaction's four-year reinvestment period.
Thereafter, purchases are permitted using principal proceeds from
unscheduled principal payments and proceeds from sales of credit
risk and credit improved obligations, and are subject to certain
restrictions.

In addition to the seven classes of notes rated by Moody's, the
Issuer issued EUR41.2m of subordinated notes, which are not
rated.

The transaction incorporates interest and par coverage tests
which, if triggered, divert interest and principal proceeds to
pay down the notes in order of seniority.

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

The rated notes' performance is subject to uncertainty. The
notes' performance is sensitive to the performance of the
underlying portfolio, which in turn depends on economic and
credit conditions that may change. GLG Partners' investment
decisions and management of the transaction will also affect the
notes' performance.

Loss and Cash Flow Analysis:

Moody's modeled the transaction using CDOEdge, a cash flow model
based on the Binomial Expansion Technique, as described in
Section 2.3 of the "Moody's Global Approach to Rating
Collateralized Loan Obligations" rating methodology published in
October 2016. The cash flow model evaluates all default scenarios
that are then weighted considering the probabilities of the
binomial distribution assumed for the portfolio default rate. In
each default scenario, the corresponding loss for each class of
notes is calculated given the incoming cash flows from the assets
and the outgoing payments to third parties and noteholders.
Therefore, the expected loss or EL for each tranche is the sum
product of (i) the probability of occurrence of each default
scenario and (ii) the loss derived from the cash flow model in
each default scenario for each tranche. As such, Moody's
encompasses the assessment of stressed scenarios.

Moody's used the following base-case modeling assumptions:

   -- Par amount: EUR 350,000,000

   -- Diversity Score: 44

   -- Weighted Average Rating Factor (WARF): 2953

   -- Weighted Average Spread (WAS): 4.20%

   -- Weighted Average Recovery Rate (WARR): 44%

   -- Weighted Average Life (WAL): 8 years.

Moody's has analysed the potential impact associated with
sovereign related risk of peripheral European countries. As part
of the base case, Moody's has addressed the potential exposure to
obligors domiciled in countries with local currency country risk
ceiling of A1 or below. Following the effective date, and given
the portfolio constraints and the current sovereign ratings in
Europe, such exposure may not exceed 10% of the total portfolio.
As a result and in conjunction with the current foreign
government bond ratings of the eligible countries, as a worst
case scenario, a maximum 5% of the pool would be domiciled in
countries with A3 and a maximum of 5% of the pool would be
domiciled in countries with Baa3 local currency country ceiling
each. The remainder of the pool will be domiciled in countries
which currently have a local or foreign currency country ceiling
of Aaa or Aa1 to Aa3. Given this portfolio composition, the model
was run with different target par amounts depending on the target
rating of each class as further described in the methodology. The
portfolio haircuts are a function of the exposure size to
peripheral countries and the target ratings of the rated notes
and amount to 0.75% for the Class A-1 and A-2 notes, 0.50% for
the Class B notes, 0.38% for the Class C notes and 0% for Classes
D, E, and F.

Stress Scenarios:

Together with the set of modeling assumptions above, Moody's
conducted additional sensitivity analysis, which was an important
component in determining the definitive rating assigned to the
rated notes. This sensitivity analysis includes increased default
probability relative to the base case. Below is a summary of the
impact of an increase in default probability (expressed in terms
of WARF level) on each of the rated notes (shown in terms of the
number of notch difference versus the current model output,
whereby a negative difference corresponds to higher expected
losses), holding all other factors equal:

Percentage Change in WARF: WARF + 15% (to 3396 from 2953)

Ratings Impact in Rating Notches:

   -- Class A-1 Senior Secured Floating Rate Notes: 0

   -- Class A-2 Senior Secured Fixed Rate Notes: 0

   -- Class B Senior Secured Floating Rate Notes: -2

   -- Class C Deferrable Mezzanine Floating Rate Notes: -2

   -- Class D Deferrable Mezzanine Floating Rate Notes: -2

   -- Class E Deferrable Junior Floating Rate Notes: 0

   -- Class F Deferrable Junior Floating Rate Notes: 0

Percentage Change in WARF: WARF +30% (to 3839 from 2953)

Ratings Impact in Rating Notches:

   -- Class A-1 Senior Secured Floating Rate Notes: -1

   -- Class A-2 Senior Secured Fixed Rate Notes: -1

   -- Class B Senior Secured Floating Rate Notes: -4

   -- Class C Deferrable Mezzanine Floating Rate Notes: -4

   -- Class D Deferrable Mezzanine Floating Rate Notes: -2

   -- Class E Deferrable Junior Floating Rate Notes: -1

   -- Class F Deferrable Junior Floating Rate Notes: 0

Methodology Underlying the Rating Action:

The principal methodology used in these ratings was "Moody's
Global Approach to Rating Collateralized Loan Obligations"
published in October 2016.


GLG EURO CLO II: Fitch Assigns 'B-sf' Rating to Class F Notes
-------------------------------------------------------------
Fitch Ratings has assigned GLG Euro CLO II D.A.C's notes final
ratings, as:

  EUR207 mil. class A-1 notes due 2030: 'AAAsf'; Outlook Stable
  EUR10 mil. class A-2 notes due 2030: 'AAAsf'; Outlook Stable
  EUR43.9 mil. class B notes due 2030: 'AAsf'; Outlook Stable
  EUR17.7 mil. class C notes due 2030: 'Asf'; Outlook Stable
  EUR17.3 mil. class D notes due 2030: 'BBBsf'; Outlook Stable
  EUR19.2 mil. class E notes due 2030: 'BBsf'; Outlook Stable
  EUR7.7 mil. class F notes due 2030: 'B-sf'; Outlook Stable

GLG Euro CLO II D.A.C. is an arbitrage cash flow collateralised
loan obligation.  Net proceeds from the issue of the notes are
being used to purchase a portfolio of EUR350 mil. of mostly
European leveraged loans and bonds.  The portfolio is actively
managed by GLG Partners LP.  The transaction features a four-year
reinvestment period.

                         KEY RATING DRIVERS

'B' Portfolio Credit Quality
Fitch assesses the average credit quality of obligors to be in
the 'B' category, as demonstrated by a weighted average rating
factor (WARF) of the identified portfolio of 32.6.  Fitch has
credit opinions or public ratings on 87 of the 88 assets in the
identified portfolio.

High Recovery Expectations
At least 90% of the portfolio will comprise senior secured
obligations.  Recovery prospects for these assets are typically
more favorable than for second-lien, unsecured and mezzanine
assets.  Fitch has assigned Recovery Ratings to 87 of the 88
assets in the identified portfolio.  The weighted average
recovery rating (WARR) of the identified portfolio is 68.7%.

Diversified Asset Portfolio
The transaction contains a covenant that limits the top 10
obligors in the portfolio to 20% of the portfolio balance.  This
ensures that the asset portfolio will not be exposed to excessive
obligor concentration.

Partial Interest Rate Hedge
Between 0% and 10% of the portfolio can be invested in fixed-rate
assets while fixed-rate liabilities represent 3.1% of the rated
note balance.  At closing the issuer entered into interest rate
caps to hedge the transaction against rising interest rates.  The
notional of the caps is EUR21.3 mil., representing 6.1% of the
target par amount, and the strike rate is fixed at 4%.  The caps
will expire 6.5 years after the closing date.

Unhedged Non-Euro Assets Exposure
The manager can invest up to 2.5% of the portfolio in unhedged
non-euro assets, which are purchased in the primary market.  Any
unhedged asset in excess of the allowed limits or held for longer
than 180 days will receive a zero balance for the calculation of
the overcollateralisation tests.  Unhedged assets will be held at
50% of their par value amount after settlement and the
transaction may only purchase unhedged assets if the portfolio
notional amount is above the target par.

Hedged Non-Euro Assets Exposure
The transaction is permitted to invest up to 30% of the portfolio
in non-euro assets, provided perfect asset swaps can be entered
into.

Documentation Amendments
The transaction documents may be amended subject to rating agency
confirmation or noteholder approval.  Where rating agency
confirmation relates to risk factors, Fitch will analyse the
proposed change and may provide a rating action commentary if the
change has a negative impact on the ratings.  Such amendments may
delay the repayment of the notes as long as Fitch's analysis
confirms the expected repayment of principal at the legal final
maturity.

If in the agency's opinion the amendment is risk-neutral from a
rating perspective Fitch may decline to comment.  Noteholders
should be aware that the structure considers the confirmation to
be given if Fitch declines to comment.

                        RATING SENSITIVITIES

A 25% increase in the obligor default probability would lead to a
downgrade of up to two notches for the rated notes.  A 25%
reduction in expected recovery rates would lead to a downgrade of
up to two notches for the rated notes.



=========
I T A L Y
=========


MONTE DEI PASCHI: Wins Stock Market Approval to Extend Swap
-----------------------------------------------------------
Rachel Sanderson at The Financial Times reports that Monte dei
Paschi di Siena has gained stock market approval to extend a
voluntary debt-for-equity swap to retail investors, a key part of
the Italian bank's attempt to raise EUR5 billion in fresh capital
before Christmas and stave off a state rescue.

The last-gasp attempt by the world's oldest surviving lender
comes as regulators and the bank have revealed that long running
crisis at MPS is taking a toll on its liquidity, the FT relates.

In a regulatory filing ahead of the swap, MPS said the European
Central Bank had refused a request by the bank to extend the
period for its capital plan until January because the bank's
liquidity position had "progressively deteriorated", the FT
relays.

Under its plan to raise private capital, MPS, as cited by the FT,
said it had until the afternoon of December 21 to try to convince
institutional and retail investors to convert up to EUR4.5
billion in junior, or subordinated, debt into equity.

Should the private capital plan fail to raise EUR5 billion, Italy
plans a so-called "precautionary recapitalization of the bank", a
state-backed solution that would involve the politically
sensitive issue of forcing smaller investors to share some of the
burden of the rescue, the FT states.

In an attempt to limit the fallout of any burden sharing, Italy's
new government, headed by former foreign minister Paolo
Gentiloni, is seeking to iron out details of a compensation plan
for as many as 40,000 retail bondholders, the FT relays, citing
officials.

Still, bankers fear a rescue of MPS could have spillover on other
vulnerable bank, with a potential run on deposits and much less
investor interest in possible capital hikes at several midsized
lenders, the FT says.

According to the FT, people informed of the discussions said
against this backdrop, Italy is considering the launch of a more
substantial state backstop fund with EUR10 billion to EUR15
billion available to plug capital gaps at MPS and other
vulnerable midsized lenders which need additional capital,
including Popolare di Vicenza, Veneto Banca and Carige.

                      About Monte dei Paschi

Banca Monte dei Paschi di Siena SpA -- http://www.mps.it/-- is
an Italy-based company engaged in the banking sector.  It
provides traditional banking services, asset management and
private banking, including life insurance, pension funds and
investment trusts.  In addition, it offers investment banking,
including project finance, merchant banking and financial
advisory services.  The Company comprises more than 3,000
branches, and a structure of channels of distribution.  Banca
Monte dei Paschi di Siena Group has subsidiaries located
throughout Italy, Europe, America, Asia and North Africa.  It has
numerous subsidiaries, including Mps Sim SpA, MPS Capital
Services Banca per le Imprese SpA, MPS Banca Personale SpA, Banca
Toscana SpA, Monte Paschi Ireland Ltd. and Banca MP Belgio SpA.


ONORATO ARMATORI: Moody's Cuts Corporate Family Rating to B1
------------------------------------------------------------
Moody's Investors Service has downgraded ferry operator Onorato
Armatori S.p.A.'s ("Moby" or "the company") corporate family
rating (CFR) to B1 from Ba3 and its probability of default rating
(PDR) to B1-PD from Ba3-PD. Concurrently Moody's has downgraded
the rating assigned to the EUR300 million worth of senior secured
notes to Ba3 from Ba2. The outlook on all ratings has changed to
negative from stable.

In addition, Moody's has moved all the ratings assigned to
Onorato Armatori S.p.A. to Moby S.p.A. Following the reverse
merger completed on 8 August 2016 whereby Onorato Armatori S.p.A.
was merged into Moby S.p.A, the latter has become the top entity
of the restricted group and is the financial reporting entity of
the group. As such Moody's has assigned a B1 CFR and B1-PD PDR
with a negative outlook to Moby S.p.A., and will subsequently
withdraw the B1 CFR and B1-PD PDR assigned to Onorato Armatori
S.p.A. The Ba3 rated senior secured notes will be assumed by Moby
S.p.A.

"The downgrade reflects Moby's deteriorating operational
performance in 2016 which has translated into a higher leverage,
including Moody's adjustments, well beyond what we previously
anticipated when we first assigned ratings to the company" says
Guillaume Leglise, a Moody's analyst and lead analyst for Moby.
"The negative outlook reflects our expectations that Moby's
earnings will continue to face headwinds from the very
competitive environment, which will impede the recovery in the
company's financial profile over the next 12 to 18 months", adds
Mr Leglise.

RATINGS RATIONALE

DOWNGRADE TO B1

The rating action reflects Moby's weak operating results in the
first 9 months of its current financial year ending 31 December
2016, far below Moody's initial expectations, owing to
intensified competition in the company's core Sardinian routes.
Moby has recorded lower profitability, in absolute terms, in its
ferry transportation business in the first 9 months of 2016
compared to the same period last year, with a reported EBITDA
down by EUR25 million, or 16% year-on-year.

The decline in operating performance is the result of a sudden
increase in competition since Q1-2016, as Italian competitor
Grimaldi (unrated, EUR2.8 billion of revenues vs. EUR609 million
for Moby) opened new routes between mainland Italy and Sardinia,
both in the passenger and freight maritime transportation
segments. This increased competition translated into pressure on
prices, which resulted into a 31% decline of Moby's freight
revenues in the first 3 quarters of the current financial year.

In the passenger segment, which represents the bulk of Moby's
revenues (50% in 2015), the impact was more muted as Moby was
able to compensate lower prices by higher volumes. The passenger
volumes grew by 3.4% in the first 9 months of the year, aided by
improved consumer sentiment, more attractive prices and tourist
preference for Italy as the region has benefited from ongoing
geopolitical instability in some other Mediterranean
destinations. Favorable demand trends have mitigated the impact
on revenues, which were down 5% in the passenger segment during
the first 9 months of the year.

Moby's lower profitability translated into a higher leverage
(measured as Moody's-adjusted gross debt/EBITDA), which stood at
around 5.4x in the 12 months to 30 September 2016, well above the
rating agency's initial expectations. At the completion of the
bond issuance in February 2016, Moby's initial adjusted leverage
was estimated at around 4.2x.

Moody's does not expect a material recovery in trading conditions
in 2017 as the competitive environment will remain challenging
for Moby. While Moody's believes that Moby's current market
shares in Sardinia are defensible thanks to its extensive routes
and frequent departures schedule, intense competition is likely
to continue into 2017. This will keep the pressure on Moby's
earnings next year which in turn will hamper the pace of
deleveraging.

Moody's-adjusted leverage metric includes EUR180 million of
deferred payments due by the company in connection with the
acquisition of Tirrenia's assets from the government in July
2012. However, the first instalment of EUR55 million which was
due in April 2016 has been suspended by Moby pending the outcome
of the ongoing European Commission (EC) investigation into
Tirrenia-CIN subventions received since 2012. The non-payment of
the first instalment adds approximately 0.3x to Moby's adjusted
leverage ratio. Using a net leverage metric (before Moody's
adjustments), Moby's net debt/EBITDA ratio is expected between
4.0x and 4.4x for the full year 2016, compared to Moody's initial
expectation of around 3.0x when ratings were first assigned to
the company.

Regarding the current EC investigation, the timing and outcome of
the decision remains uncertain today, and Moody's cautions that
the proceedings could be drawn out. The rating agency will assess
the outcome of this investigation in due course. As a reminder,
should the Tirrenia-CIN subventions be reduced by less than EUR55
million (vs. EUR72.7 million under the current agreement), the
EUR180 million of deferred payments would not be paid out by
Moby.

More positively, Moby's B1 CFR is supported by the recovery in
passenger demand in the Italian market and the currently low oil
price environment, which helps mitigate Moby's declining
operating performance. In addition, Moby has achieved a positive
free cash flow generation so far in 2016 despite a significant
decline in earnings. Albeit lower than in previous years, Moby's
cash flow generation has been supported by a positive working
capital inflow and a vessel disposal (sale of Albayzin for
EUR38.4 million), which mitigated the higher capex spending
during 2016, notably to finance some vessel refurbishments.
Absent any unexpected capex, Moody's expects the company's free
cash flow generation to remain slightly positive in the next 12
to 18 months.

Moby has an adequate liquidity profile. The company had a
comfortable amount of cash on balance sheet (c. EUR202 million as
at end-September 2016). This mostly reflects the working capital
benefits achieved by the company, notably longer payment terms of
trade payables, in addition to the suspension of the first
installment of the deferred payment in connection to the
Tirrenia-CIN acquisition. To cope with the high seasonality of
its cash flows, which peak during the summer holiday season, Moby
has entered into a covenanted EUR60 million revolving credit
facility (RCF, with a maturity of five years), undrawn as at end-
September 2016. Moody's expects that the company will retain an
adequate liquidity profile thanks to a mildly positive free cash
flow generation anticipated in the next 12 to 18 months, as the
company has no new ships on order and no major replacement of
assets currently planned. However, headroom under Moby's net
leverage covenant will be very tight for the first testing period
(i.e. December 31, 2016). Moody's expects this situation will be
remedied as Moby takes all necessary steps to regain more leeway.

NEGATIVE OUTLOOK

The negative outlook reflects Moody's expectation that the
competitive environment in the Sardinian market will remain
challenging for Moby in the next 12-18 months. Moody's believes
that profitability will remain under pressure and as such,
deleveraging prospects appear limited in the next few quarters.

In addition, the B1 CFR factors in the maintenance of an adequate
liquidity profile including increased covenant headroom.

STRUCTURAL CONSIDERATIONS

The Ba3 rating (LGD3), which is one notch above the CFR, assigned
to the company's EUR300 million worth of senior secured notes,
reflects the significant amount of lower priority obligations in
the capital structure. The notes rank pari passu with the
issuer's EUR200 million worth of secured term loan due 2021 and
the EUR60 million RCF due 2021 (unrated). The notes are secured
on a first-priority basis by most of the company's assets
(including mortgages over Moby and Tirrenia-CIN's vessels) and
benefit from a guarantor package including upstream guarantees
from Moby and Tirrenia-CIN, representing around 91% of the
company's EBITDA. The EUR180 million deferred payments due by
Tirrenia-CIN are unsecured obligations and are subordinated to
the issuer's notes and credit facilities instruments with respect
to the collateral enforcement proceeds.

The PDR of B1-PD reflects the use of a 50% family recovery
assumption, consistent with a capital structure including a mix
of bond and bank debt.

WHAT COULD CHANGE THE RATINGS DOWN/UP

An upgrade is unlikely at this stage in light of today's action.
Over time, upward pressure on the rating could develop if Moby
restores its profitability and improves materially its free cash
flow generation. Quantitatively, a Moody's-adjusted Debt/EBITDA
ratio trending sustainably below 4.5x and a positive free cash
flow generation could trigger an upgrade.

Conversely, Moody's could downgrade the ratings if Moby's free
cash flow generation turns negative as a result of a further drop
in operating performance or higher-than-expected capital
expenditures. Quantitatively, a Moody's-adjusted Debt/EBITDA
sustainably above 5.5x could trigger a downgrade. Moody's expects
the company's adjusted leverage for the full year 2016 to be very
close the parameters defined to maintain a B1 rating.
Nevertheless, the company's net leverage is expected to be
substantially lower in the same period.

In addition, any weakening of the company's liquidity profile
would also exert immediate downward pressure on the rating.

PRINCIPAL METHODOLOGY

The principal methodology used in these ratings was Global
Shipping Industry published in February 2014.

Domiciled in Milan, Italy, Moby S.p.A. is a maritime
transportation operators focusing primarily on passengers and
freight transportation services in the Tyrrhenian Sea, mainly
between continental Italy and Sardinia. Through Moby and its main
subsidiary Tirrenia-CIN, the company operates a fleet of 65
ships, of which 48 are ferries and 17 tugboats. In the 12 months
to 30 September 2016, the company recorded revenues of EUR551
million and pro forma EBITDA of EUR132 million. Current Chief
Executive Officer of the company, Achille Onorato, represents the
fifth generation of ship owners with the founding family the sole
shareholder.


===================
L U X E M B O U R G
===================


PINNACLE HOLDCO: S&P Lowers CCR to 'CCC+' on Declining Liquidity
----------------------------------------------------------------
S&P Global Ratings lowered its corporate credit rating on
Luxembourg.-based Pinnacle Holdco S.a.r.l. to 'CCC+' from 'B-'.
The outlook is negative.

S&P also lowered its issue-level ratings on the company's first-
lien credit facilities to 'B-' from 'B'.  The recovery ratings
remains '2', indicating S&P's expectation for substantial (70% to
90%; lower half of the range) recovery in the event of a payment
default.  Additionally, S&P lowered its issue-level rating on the
company's second-lien term loan to 'CCC-' from 'CCC'.  The
recovery rating on the second-lien term loan remains '6',
indicating S&P's expectation for negligible (0% to 10%) recovery
in the event of a payment default.

"The downgrade reflects the substantial declines in capital
spending among Pinnacle's E&P customer base, resulting in weak
operating performance and deteriorating liquidity.  During the
past 12 months ended Sept. 31, 2016, Pinnacle experienced a 20%
decline in total revenues over the previous period, with broad
declines across license sales, maintenance fees, and professional
services," said S&P Global Ratings credit analyst Andrew Yee.

Through restructuring initiatives, the company has managed to
maintain stable EBITDA margins in the low-30% area with future
capacity to lower costs.  Nevertheless, over the past 12 months
ending the company generated negative $10 million in FOCF, down
from about breakeven from the prior period.  As of Sept. 30,
2016, cash balances declined to approximately $10 million from
about $20 million year over year.

The negative outlook on Pinnacle reflects S&P's view of a
prolonged weak selling environment within the O&G E&P industry
such that greater-than-expected declines in revenues over the
next 12 months could result in negative FOCF and a liquidity
deficit.

Over the next 12 months, S&P could lower the rating absent
material cost cuts, adequate improvement in working capital, and
moderating revenue declines or if it projects negative FOCF in
2017 or a cash balance of less than $10 million.

S&P could revise the outlook to stable if operations stabilize
with growing revenues, consistent positive FOCF and overall
improved liquidity.



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


ALG BV: Moody's Puts B2 CFR on Review For Downgrade
---------------------------------------------------
Moody's Investors Service placed ALG B.V.'s B2 Corporate Family
Rating and B2-PD Probability of Default Rating on review for
downgrade. The existing ratings on ALG B.V's bank credit
facilities remain unchanged.

The following ratings are placed on review for downgrade:

   -- Corporate Family Rating at B2

   -- Probability of Default Rating at B2-PD

The following ratings remain unchanged:

   -- Senior secured first lien bank credit facilities at B1,
      LGD 3

   -- Senior secured second lien bank credit facilities at Caa1,
      LGD 5

RATINGS RATIONALE

The review for downgrade is prompted by ALG's announcement that
KKR and an affiliate of KSL Capital Partners have agreed to
purchase the operating subsidiaries of Apple Leisure Group from
Bain Capital Private Equity. Financial terms of the transaction
have not been disclosed. The operating subsidiaries to be
acquired include all the current operating subsidiaries of ALG
B.V.'s restricted credit group which include -- AMResorts (hotel
management and marketing services), Amstar (destination
management company in Mexico and the Dominican Republic), Apple
Vacations, Travel Impressions, and Cheap Caribbbean. It also
includes the unrestricted subsidiary of ALG B.V's parent which is
currently excluded from the Restricted Group -- the Unlimited
Vacation Club ("UVC").

The review for downgrade reflects that the go-forward credit
entity may include UVC, which currently generates significant
GAAP operating losses and has a materially weaker credit profile
than ALG B.V. The inclusion of UVC in the go-forward credit
entity will result in a material decline in the credit metrics
when compared to ALG B.V. credit metrics. The review also
reflects that Moody's expects the go-forward credit entity to
have significantly higher debt levels than the current ALG B.V.
Restricted Group.

The ratings on the bank credit facilities remain unchanged as
Moody's expects that they will be repaid in full as a part of the
transaction due to the change of control provisions and also
given that KKR and KSL are acquiring UVC which is outside of the
current Restricted Group.

The review for downgrade will focus on the financial terms of the
transaction including purchase price and equity contribution. It
will also consider the components of the debt and legal structure
including which legal entities are being acquired and where the
debt and equity will reside in the legal structure. Moody's will
also review the terms of proposed debt instruments. The review
will evaluate Apple Leisure Group's go forward earnings and cash
flow generation prospects.

ALG B.V, a company formed in the Netherlands, is a wholly owned
subsidiary of ALG Intermediate Holdings B.V. which in turn is a
wholly owned subsidiary of ALG Holdings B.V. Revenues are about
$2.3 billion. ALG B.V. and ALG USA Holdings, LLC are the co-
borrowers under the rated credit facilities. The Restricted Group
includes the co-borrowers and ALG B.V.'s primary operating
subsidiaries, Apple Vacations Holdings LLC, AMSTAR Holdings,
L.P., and AMResorts.

Holdings, L.P. Apple Vacations sells wholesale and retail
vacation travel packages to the Caribbean, Mexico, Hawaii, and
Europe through three business units under the brand names "Apple
Vacations", "Travel Impressions" acquired in June 30, 2013, and
"Cheap Caribbean", acquired on August 30, 2013. AMSTAR provides
optional tours, and ground transportation services in Hawaii, the
Caribbean and Mexico. AMResorts manages 48 all-inclusive resorts
located in Mexico and the Caribbean.

ALG Holdings B.V. is currently 80% to 85% owned by affiliates of
private equity firm Bain Capital. It was acquired in December
2012. ALG Holdings B.V. has another subsidiary that is not part
of the Restricted Group, ALG UVC Holdings B.V.

The principal methodology used in these ratings was "Business and
Consumer Service Industry" published in October 2016.


EIGER ACQUISITION: Moody's Affirms B2 LT Corporate Family Rating
----------------------------------------------------------------
Moody's Investors Service has changed the outlook on Dutch
enterprise software provider Eiger Acquisition B.V. (Exact) to
negative from stable in light of the proposed EUR35 million add-
on to its senior secured first lien term loans and amid concerns
that cash flow generation will remain negative in the next 18
months.

The outlook change was driven by:

   -- Releveraging to above 6.0x adjusted debt/EBITDA, from an
      already high base

   -- Expectation of continued cash burn to fund loss-making
      unrestricted subsidiaries (CSI)

   -- Concerns over further stress on credit metrics or liquidity
      that continued funding may bring about

Concurrently, Moody's has affirmed all of Exact's ratings.

RATINGS RATIONALE

The outlook change primarily reflects Moody's concerns that
Exact's leverage will remain elevated for the rating category in
the next 18 months, taking into account the proposed EUR35
million add-on term loan, of which EUR10 million will be used to
repay drawings under the revolving credit facility (RCF) and the
remainder for general corporate purposes. Furthermore, Moody's
believes that Exact's rating is under pressure because of
negative cash flow generation since the group was acquired by
Apax in 2015 as it has continuously used cash flows from the
restricted group to fund the losses from its nascent
international cloud operations, which are unrestricted.

"The negative outlook reflects the risk that cash flows from the
restricted group continue to fund losses from unrestricted
subsidiaries beyond the next three quarters instead of being used
for debt reduction" says Frederic Duranson, a Moody's Analyst and
lead analyst for Exact. "The rating action also reflects a more
aggressive financial policy than we had anticipated when we
assigned a first-time rating to Exact, with new debt from the
restricted group partially funding losses outside of it," Mr
Duranson adds.

Including the proposed add-on first lien term loan, Exact's
Moody's adjusted debt/EBITDA stands at approximately 7.3x,
significantly above Moody's 6.0x threshold for the group's B2
CFR, however 0.7-0.8x of that is accounted for by FX and fair
value movements on derivatives included in Moody's EBITDA and
0.3x by Moody's debt being at current FX rates. These caveats
notwithstanding, Exact's leverage will likely remain at or above
6.0x at the end of 2017 even if Moody's anticipates that the
group will continue to deliver steady EBITDA growth of 3-5% per
annum in 2017-18, mainly driven by operating leverage in the fast
growing Cloud Solutions segment.

Moody's forecasts free cash flow (after interest and before
investments in unrestricted subsidiaries) of at least EUR15-20
million per annum in the next 12-18 months, but, in view of the
expanded cost base in the unrestricted subsidiaries, the group's
total cash outflow could reach up to (EUR15) million per annum in
2017-18, which will reduce Exact's liquidity headroom.

Exact's B2 CFR is supported by its track record of EBITDA growth
in the last two years, underpinned by its good position in the
niche market for small and medium enterprises (SMEs) as well as
its strong recurring revenues, supported by maintenance contracts
and a large proportion of subscriptions.

Conversely, Exact's credit profile remains challenged by a degree
of business concentration, relatively higher vulnerability to
business cycles versus other software vendors and some revenue
headwinds stemming from the shift away from the license model.

Exact's liquidity is adequate and will improve with the proposed
EUR35 million add-on term loan, which will replenish cash
balances by EUR25 million. Exact will also repay drawings under
its revolving credit facility (RCF) maturing in 2020, whose EUR30
million commitment will be fully available again. "We expect that
the group's liquidity headroom will diminish as it consumes cash
to fund the CSI losses in the next 18 months. Exact has only one
financial covenant, based on first lien net leverage and tested
if the RCF is drawn by more than 30%." Moody's said.

RATIONALE FOR NEGATIVE OUTLOOK

The negative outlook reflects Exact's very high leverage for the
rating category and the risk that it will remain above 6.0x at
the end of 2017. The rating outlook further reflects Moody's
expectation that the group will continue to record negative cash
flow due to the funding of unrestricted subsidiaries.

WHAT COULD CHANGE THE RATING UP/DOWN

In light of the negative outlook, an upgrade is unlikely at this
stage. However, Moody's could stabilise the outlook on the
ratings if Moody's adjusted leverage fell sustainably below 6.0x
and free cash flow (after funding outflows to CSI) became
positive.

Conversely, negative pressure on the ratings could materialise if
(1) deleveraging from the current high level did not occur and
adjusted leverage remained above 6.0x in 2017; (2) its liquidity
profile deteriorated, including as a result of the funding of CSI
and/or; (3) Exact incurred more debt and did not reduce overall
cash outflows in the next 12-18 months.

LIST OF AFFECTED RATINGS

Affirmations:

   Issuer: Eiger Acquisition B.V.

   -- LT Corporate Family Rating, Affirmed B2

   -- Probability of Default Rating, Affirmed B2-PD

   -- Backed Senior Secured Bank Credit Facility, Affirmed B1
      (LGD3)

   -- Backed Senior Secured Bank Credit Facility, Affirmed Caa1
      (LGD6)

Outlook Actions:

   Issuer: Eiger Acquisition B.V.

   -- Outlook, Changed To Negative From Stable

PRINCIPAL METHODOLOGY

The principal methodology used in these ratings was "Software
Industry" published in December 2015.

Headquartered in the Netherlands, Exact, for which Eiger
Acquisition B.V. is the top entity within the restricted group,
is an enterprise resource planning (ERP) software provider for
SMEs. Exact has over 300,000 clients, primarily in the
Netherlands and North America. Exact operates three segments: (1)
Business Solutions, which represents approximately half of
revenues, provides on-premises and hosted ERP solutions in the
Benelux and 120 other countries; (2) Specialized Solutions,
represents approximately a quarter of revenues, offers industry-
specific solutions in the US; and (3) Cloud Solutions, comprising
approximately a quarter of revenues, provides accountancy and
industry-specific ERP solutions in the Benelux. Exact's customer
base is concentrated on three verticals: manufacturing, wholesale
& distribution, and professional services.

In the last twelve months to September 2016, Exact generated
revenues of EUR213 million and EBITDA before exceptional items of
EUR63 million.

Exact was founded in 1984 and is ultimately controlled by funds
advised by Apax Partners following a leverage buy-out which
closed in February 2015.


EURO GALAXY III: Fitch Assigns B-(EXP) Rating to Class F-R Notes
----------------------------------------------------------------
Fitch Ratings has assigned Euro Galaxy III CLO B.V Refinancing
Notes expected ratings, as:

  EUR67 mil. Class A-R-R: 'AAA(EXP)sf'; Outlook Stable
  EUR153 mil. Class A-R: 'AAA(EXP)sf'; Outlook Stable
  EUR9.5 mil. Class B-1-R: 'AA(EXP)sf'; Outlook Stable
  EUR38.5 mil. Class B-2-R: 'AA(EXP)sf'; Outlook Stable
  EUR23.3 mil. Class C-R: 'A(EXP)sf'; Outlook Stable
  EUR20 mil. Class D-R: 'BBB(EXP)sf'; Outlook Stable
  EUR23.5 mil. Class E-R: 'BB(EXP)sf'; Outlook Stable
  EUR8.4 mil. Class F-R: 'B-(EXP)sf'; Outlook Stable

                       KEY RATING DRIVERS

Average Portfolio Credit Quality

The average credit quality of obligors in the portfolio is in the
'B' category.  Fitch has either public ratings or credit opinions
on 100% of the assets in the portfolio.  The covenanted minimum
Fitch weighted average rating factor (WARF) for assigning
expected ratings is 33.0.  The WARF of the current portfolio is
31.6 as per the November 2016 trustee report.

High Expected Recovery
At least 90% of the portfolio will comprise senior secured
obligations.  Fitch views the recovery prospects for these assets
as more favorable than for second-lien, unsecured and mezzanine
assets.  The covenanted minimum weighted average recovery rate
(WARR) for assigning expected ratings is 67%.  The WARR of the
current portfolio is 73.3% as per the November 2016 trustee
report.

Partial Interest Rate Hedge
Between 0% and 7.5% of the portfolio may be invested in fixed
rate assets while fixed rate liabilities represent 2.36% of the
total amount outstanding at origination.  The transaction
therefore has a partial hedge against rising interest rates.

Exposure to Unhedged Non-Euro-Denominated Assets
The transaction is allowed to invest up to 5% of the portfolio in
non-euro-denominated assets.  Unhedged non-euro-denominated
assets are limited to a maximum exposure of 2.5% of the portfolio
subject to principal haircuts, and any other non-euro-denominated
asset will be hedged with FX forward agreements within from
settlement date up to 90 days from of the settlement date.  The
manager can only invest in unhedged or forward hedged assets if,
after the applicable haircuts the aggregate balance of the assets
is above the reinvestment target par balance.  Investment in non-
euro-denominated assets hedged with perfect asset swaps as of the
settlement date is allowed up to 20% of the portfolio.

Limited FX Risk
Asset swaps are used to mitigate any currency risk on non-euro-
denominated assets.  Exposure to any single swap provider may not
exceed 20% of the portfolio.

                       RATING SENSITIVITIES

A 25% increase in the obligor default probability could lead to a
downgrade of up to two notches for the rated notes, while a 25%
reduction in expected recovery rates could lead to a downgrade of
up to four notches for the rated notes.


PEARL MORTGAGE I: Fitch Affirms 'Bsf' Rating on Class B Debt
------------------------------------------------------------
Fitch Ratings has affirmed PEARL Mortgage Backed Securities 1
B.V.'s ratings.

Pearl Mortgage Backed Securities 1 B.V.

  Class A (ISIN XS0265250638): affirmed at 'AAAsf'; Outlook
   Stable
  Class S (ISIN XS0715998331): affirmed at 'BBB+sf'; Outlook
   Stable
  Class B (ISIN XS0265252253): affirmed at 'Bsf'; Outlook Stable

The transaction comprises Dutch mortgages backed by the Nationale
Hypotheek Garantie (NHG) and originated by SNS Bank
(BBB+/Stable/F2).

                        KEY RATING DRIVERS

Stable Performance

Loans in arrears over one month have decreased at a greater rate
over the past year than the loans in late-stage arrears, implying
that fewer new borrowers are entering into arrears.  As of August
2016, arrears over one month stood at 0.51% of the current
collateral balance, compared with 0.87% 12 months earlier.  This
is 8bp above the average for Fitch-rated NHG transactions
(0.43%), but well below the average of all Fitch-rated Dutch RMBS
transactions (0.78%).

No Losses Reported

Since closing in 2006, no losses have been reported.  Defaulted
loans have been covered by the NHG guarantee or repurchased by
SNS Bank in accordance with its commitment to repurchase loans
ineligible for the guarantee.  Fitch expects this to remain the
case as reflected by the Stable Outlooks on the notes.

NHG Guarantee

Given the lender-specific data showing that NHG-backed loans have
performed better than non-NHG backed loans, Fitch reduced the
foreclosure frequency of the loans in the portfolio by 25%, in
line with its criteria.

NHG Compliance Ratio

The Stichting Waarborgfonds Eigen Woningen (WEW) may reject
claims from borrowers for reasons including incomplete
documentation, incorrect affordability calculations, or original
loan in excess of applicable limits.  To address this risk Fitch
applies a compliance ratio assumption when assessing the
likelihood of an NHG payment being received from the WEW.  In
this analysis a compliance ratio of 83% was applied in scenarios
of 'Asf' and above.

Given SNS Bank's rating at 'BBB+/Negative/F2' as of April 2016,
the agency applied a compliance ratio of 100% for rating
categories 'BBBsf' and below, thus giving credit to SNS Bank's
commitment to repurchase ineligible loans.

Lender-specific Adjustment

In recent transaction reviews comprising loans originated by SNS
Bank, Fitch applied a lender adjustment due to the below-average
performance of the originator's loan book.  This adjustment led
to a 20% increase in the base foreclosure frequency to the loans
in that portfolio.  As per its criteria, Fitch has applied the
same lender adjustment in this analysis.

Geographical Concentration

The mortgage pool displays geographical concentration in the
regions of Drenthe and Overijssel where the pool concentration is
over 2x the Dutch population distribution.  The agency accounted
for this by applying a 15% increase to the foreclosure frequency
for the portion of the portfolio in excess of the regional
population distribution.  Fitch's criteria do not specify a
foreclosure frequency adjustment for regional concentration in
the Netherlands, therefore the adjustment applied in this
analysis constitutes a variation from the agency's criteria.

Deposit Set-Off
SNS Bank is a deposit-taking institution and borrowers in the
portfolio can have various claims against the bank, which they
could set-off against their mortgages in case of insolvency of
the seller.  The claims can arise from current accounts, savings
accounts and long-term deposits.  The deposit set-off amounts
above the deposit guarantee scheme (DGS) of EUR100,000 have been
considered and included in the set-off risk analysis. Fitch
reduced the credit enhancement of the notes rated above SNS Bank.

Insurance Set-off

Fitch estimates that 7.39% of the pool is subject to insurance
set-off risk.  These loans have an insurance vehicle attached.
Should the insurance provider default, there is a risk that the
borrower will offset their mortgage claim against the capital
built up under the insurance product.

Fitch has analysed this risk by assuming that capital builds up
in these vehicles over 30 years at a rate of 8% p.a.  In a
'AAAsf' scenario, Fitch assumes 100% of the insurance providers
default, with a 40% recovery.  For 'AAsf', 'Asf', 'A-sf',
'BBBsf', 'BBsf' and 'Bsf' scenarios the insurance provider
default assumption is 95%, 90%, 88%, 85%, 25%, 10%, with 50%,
55%, 55%, 60%, 70%, 75% of recovery, respectively.  If the
provider is affiliated with the originator, in scenarios below
'AAAsf' the risk of set-off is assumed to be 100%, otherwise it
is 25%.  As the recovery assumptions are not specified in Fitch's
criteria, these assumptions constitute a criteria variation.

Commingling Reserve

SNS Bank has deposited funds to mitigate commingling risk in case
it defaults.  The dynamic commingling reserve is 1.5x the average
portfolio collections over the past 12 months.  As of the latest
reporting period, the funds posted at Rabobank Group
(AA-/Negative/F1+) were EUR13.92 mil.  Fitch's analysis shows
that the collateral posted is sufficient to mitigate the
commingling exposure.

Payment Interruption Risk

A liquidity facility currently at 2.31% of the notes balance is
sufficiently mitigating payment interruption risk for at least
two interest payment dates.

Data Adjustments

The loan-by-loan data of a small number of loans had been
labelled as having an interest rate type classified as 'other'.
For the purpose of this analysis, Fitch treated such loans as
'floating- rate'.

Class B Credit Enhancement
As the structure does not incorporate a reserve fund, the class B
notes have no credit enhancement and are highly reliant on 25bp
per annum excess spread generated by the total return swap to
cover for losses over the life of the transaction.  Based on the
performance to date, Fitch is of the opinion that the risk
associated with the notes remains reflective of a 'Bsf' rating
definition, resulting in the affirmation of the current rating.

                       RATING SENSITIVITIES

Deterioration in asset performance may result from macroeconomic
factors such as increased unemployment.  A corresponding increase
in new foreclosures and the associated pressure on excess spread
and liquidity facility beyond Fitch's assumptions could result in
negative rating action, particularly for the junior tranches.



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


TATFONDBANK: Moody's Cuts LT Currency Deposit Ratings to Caa1
-------------------------------------------------------------
Moody's Investors Service has downgraded Tatfondbank's long-term
foreign and local-currency deposit and debt ratings to Caa1 from
B3. At the same time, its baseline credit assessment (BCA) and
adjusted BCA were downgraded to caa3 from caa1, while the
Counterparty Risk Assessment (CRA) was downgraded to B3(cr) from
B2(cr). All above mentioned ratings were placed on review for
downgrade, reflecting the uncertainty regarding the bank's future
financial standing and support.

RATINGS RATIONALE

The rating action reflects the suspension of client servicing and
payments announced by the bank. The bank is currently
experiencing a liquidity shortage; within the past three weeks
over 10% of its deposits have been withdrawn. The bank is
currently under negotiation with the government of the Republic
of Tatarstan (Ba2, negative) and the Central Bank of Russia (CBR)
on possible support measures. More than 40% of the bank's shares
are currently owned by companies affiliated with the Republic of
Tatarstan.

Tatfondbank's liquidity has historically been volatile, subject
to market debt and/or large deposits repayments. As of
November 1, 2016, liquid assets excluding pledged securities
accounted for 12.7% of total assets or 20.8% of customer
deposits, according to local GAAP, which we consider to be low in
the context of the bank's vulnerable funding base. The bank is
mainly funded by customer deposits, which accounted for 70% of
total liabilities as of mid-2016, 76% of which are retail
accounts, prone to panic driven behavior and risk of funds
withdrawal.

GOVERNMENT SUPPORT

"We currently incorporate support for Tatfondbank's ratings from
the government of Tatarstan and its related companies, resulting
in a two-notch uplift from the bank's BCA of caa3. Our opinion is
based on Tatfondbank's notable market position in the domicile
region of Tatarstan (36% in retail deposits, 20% in assets), more
than 40% indirect ownership by the regional government through
affiliated companies, and the past track record of support,
including the recent capital injection," Moody's said.

"We will review the government support assumptions incorporated
into our ratings following the results of the negotiation
regarding the bank's further support measures," Moody's said.

WHAT COULD MOVE RATINGS UP OR DOWN

The placement on review for downgrade will be resolved when we
receive information on the bank's solvency status and support
package.

The ratings could be confirmed if the bank receives substantial
support, being able to recover and sustain its liquidity and
solvency metrics.

"We would downgrade Tatfondbank's ratings if the amount of
support provided to the bank is insufficient to restore its
liquidity and solvency to a sustainable level." Moody's said.

LIST OF AFFECTED RATINGS

Issuer: Tatfondbank

Downgrades:

   -- LT Bank Deposits (Local & Foreign Currency), Downgraded to
      Caa1 from B3; Outlook Changed To Rating Under Review From
      Negative

   -- Senior Unsecured Regular Bond/Debenture, Downgraded to Caa1
      from B3; Outlook Changed To Rating Under Review From
      Negative

   -- Adjusted Baseline Credit Assessment, Downgraded to caa3
      from caa1; Placed Under Review for further Downgrade

   -- Baseline Credit Assessment, Downgraded to caa3 from caa1;
      Placed Under Review for further Downgrade

   -- LT Counterparty Risk Assessment, Downgraded to B3(cr) from
      B2(cr); Placed Under Review for further Downgrade

Affirmations:

   -- ST Bank Deposits (Local & Foreign Currency), Affirmed NP

   -- ST Counterparty Risk Assessment, Affirmed NP(cr)

Outlook Actions:

   -- Outlook, Changed To Rating Under Review From Negative

PRINCIPAL METHODOLOGY

The principal methodology used in these ratings was Banks
published in January 2016.



=====================
S W I T Z E R L A N D
=====================


SWISS SPACE: Declared Bankrupt by Vaud Court
--------------------------------------------
The Local reports that Swiss Space Systems (S3) has been declared
bankrupt by a court in the canton of Vaud.

S3 aims to make space more accessible by creating low-cost,
reusable satellite launchers, a development not welcomed by all
in the industry, The Local discloses.  It also intended to offer
zero-gravity flights to the general public in 2017, The Local
states.

But lately the company has been beset by financial difficulties,
and on Dec. 14, the civil court of Broye and North Vaud declared
it bankrupt, The Local relays, citing news agency ATS.

The company has ten days to appeal the decision, The Local notes.

Swiss Space Systems is based in Payerne in northern Vaud.



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


ARTEM-BANK: Put Under Liquidation, License Withdrawn
----------------------------------------------------
UNIAN reports that Ukraine's Central Bank on Dec. 15 decided to
withdraw Kyiv-based Artem-Bank's license, as was proposed by the
Deposit Guarantee Fund, and liquidate the bank.

"Artem-Bank was designated as insolvent on November 15, 2016, in
keeping with Article 76 of Ukraine's law on banks and banking,"
UNIAN quotes the regulator as saying on Dec. 16.

As the National Bank of Ukraine (NBU) informed, 94% of all
depositors at Artem-Bank will have their deposits back in full,
as their size does not exceed the UAH200,000 amount guaranteed by
the Deposit Guarantee Fund, UNIAN discloses.

The Deposit Guarantee Fund introduced temporary administration to
the bank on Nov. 16 for the period until Dec. 15, UNIAN relates.

Illia Lun was appointed as interim administrator at the bank,
UNIAN discloses.



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


BIBBY OFFSHORE: S&P Lowers CCR to 'CCC+' on Weak Oil Market
-----------------------------------------------------------
S&P Global Ratings lowered its long-term corporate credit ratings
on Bibby Offshore Holdings Ltd. to 'CCC+' from 'B'.  The outlook
is negative.

At the same time, S&P lowered the issue rating on the company's
super senior revolving credit facility (SSRCF) to 'B-' from 'B+'.
The recovery rating remains '2', indicating S&P's expectation of
very high (70%-90%) recovery prospects in the event of a payment
default.

S&P also lowered its issue rating on Bibby Offshore's
GBP175 million senior secured notes to 'CCC+' from 'B'.  The
recovery rating is '4', indicating that S&P expects recovery
prospects in the lower half of the 30%-50% range for noteholders
in the event of a payment default.

The downgrade reflects S&P's expectation that oil market
conditions will remain depressed at least into 2018, especially
in the North Sea, which will make obtaining new contracts
challenging -- but even more so getting pricing on contracts that
allows for sufficient operating margins.  The recent weak results
illustrate oil and gas producers' intentions to continue seeking
opportunities to reduce costs, particularly in their offshore
operations, which results in squeezed margins and sometimes
unprofitable work for offshore service providers generally.

At end-third-quarter 2016, Bibby Offshore had a backlog of
slightly above GBP30 million compared to about GBP150 million at
end-2014.  This illustrates the high uncertainty and low
visibility of future cash flow generation, and also shows the
short-term nature of contracts signed.  Overall weak markets have
led to negative reported cash flow, before financing activities,
of minus GBP30 million.  With the cash balance getting close to
GBP50 million, S&P sees higher liquidity risks. With annual
coupon payments of about GBP13 million coupled with forecast
negative free operating cash flows at least in 2016-2017 despite
negligible capital expenditure (capex), S&P believes the capital
structure is unsustainable given the GBP175 million bond maturing
in 2021 without a reversal in market conditions and operating
performance.

In S&P's base case, it assumes:

   -- A Brent oil price of $45 per barrel (/bbl) in 2017, $50/bbl
      in 2018, and $55/bbl in 2019 and thereafter.

   -- High uncertainty about demand for Bibby Offshore's
      services, rendering forecasts difficult. Anticipated
      volatility could, given the relatively very limited
      backlog, have a material impact on EBITDA and operating
      cash flows -- both positive and negative.

   -- No signs of meaningful recovery prior to 2018, with
      revenues potentially dropping by 40% in 2016 before
      increasing in 2017, but with a high level of uncertainty.

   -- Negative FOCF in 2016 and 2017, leading to decreasing cash
      balance.

   -- No dividends.  Capex below GBP5 million per year.

Based on these assumptions, S&P arrives at these credit measures:

   -- S&P currently anticipates very weak EBITDA resulting in
      adjusted debt to EBITDA in excess of 20x in 2016 and about
      10x in 2017, albeit with a high degree of uncertainty.

   -- Adjusted EBITDA interest coverage of 1.0x-1.5x in 2017.

Despite a current liquidity position that remains significant for
an entity of Bibby Offshore's size, and also some continuing
contract wins, S&P believes there is a chance of a downgrade in
the coming 12 months.  This could occur if the contract backlog
and vessel and ROV utilization levels rapidly deteriorate
further, with continued negative EBITDA and falling cash
balances.  Weak market conditions also increase risks of
distressed exchanges, in S&P's view, which its negative outlook
reflects.

S&P could lower the ratings on Bibby Offshore by one or more
notches if negative free operating cash flow increases on the
back of operational shortfalls or a further sudden drop in oil
prices, potentially leading to a liquidity crisis.  S&P could
also lower the ratings if Bibby Offshore or the group's companies
were to engage in distressed exchange offers or debt repurchases.

S&P could revise the outlook to stable if Bibby Offshore's credit
measures stabilize or improve, and its cash balance increases, as
a consequence of higher activity and a less competitive
environment leading to a recovery in profitability.  However, S&P
views such a scenario as unlikely in the next 12 months.


DLG ACQUISITIONS: S&P Lowers CCR to 'B', Outlook Stable
-------------------------------------------------------
S&P Global Ratings said that it lowered its long-term corporate
credit rating on DLG Acquisitions Ltd., the parent of U.K.-based
TV production company All3Media Group, to 'B' from 'B+'.  The
outlook is stable.

At the same time, S&P also lowered the issue rating on the
group's GBP290 million first-lien term debt due 2020 to 'B' from
'B+'.  The recovery rating on the debt is unchanged at '3',
indicating S&P's expectation of meaningful recovery prospects (in
the lower half of the 50%-70% range) in the event of a payment
default.

S&P lowered its issue rating on All3Media's EUR100 million
second-lien term loan maturing in 2022 to 'CCC+' from 'B-'.  The
recovery rating on this instrument is '6', indicating S&P's
expectation of negligible (0%-10%) recovery in the event of a
payment default.

The downgrade reflects S&P's view of the impact on All3Media's
credit quality of its marked increase in growth spending since
2015 and over the next two years, which is causing more
variability and timing uncertainty in its profitability and cash
generation.  S&P forecasts that All3Media's S&P Global Ratings-
adjusted debt-to-EBITDA ratio will stay above 5x and its EBITDA-
to-interest-coverage ratio will remain lower than 2x over the
next 12 months.  S&P believes that the company's focus on further
investment in strategic growth over the next two-to-three years
means credit metrics are unlikely to materially improve over that
period.

In addition, S&P believes that the cash generation profile of the
growth projects will lower visibility of earnings and cash flows,
in particular due to the growing share of payments on delivery as
All3Media expands its customer base beyond traditional
broadcasters.  This is on top of the variability of cash flow
inherent to studio business related to the phasing of project
delivery and payments.

Since its acquisition by Discovery Communications Inc. and
Liberty Global PLC in September 2014, All3Media Group has been
investing in growth projects more aggressively.  These
investments include ramping up international operations,
acquisitions completed during 2015 and 2016 that diluted
All3Media's EBITDA margin, and increased advances in All3Media's
distribution business and start-ups.  This led to significantly
weaker and more volatile cash generation.

S&P estimates that All3Media will have an adjusted debt-to-EBITDA
ratio of around 5.5x-6.5x at the end of 2016, declining to about
4.5x-5.0x by the end of 2018. Our adjusted debt calculation
includes:

   -- About GBP370 million equivalent reported debt;
   -- About GBP22 million of deferred considerations; and
   -- GBP11 million of the net present value of operating leases.

S&P deducts surplus cash of about GBP46 million that it estimates
will be available to the group by the end of 2016, net of about
GBP3 million that S&P anticipates is required for ongoing
operational needs.

S&P's estimate of All3Media's 2016 EBITDA, after deducting an
estimated GBP6 million in restructuring costs and shareholder
fees, is about GBP52 million-GBP62 million.  This amount includes
an upward adjustment of GBP3.3 million for operating leases.

S&P estimates that by the end of 2016 All3Media's ratio of
adjusted EBITDA to interest coverage will be about 2x.  S&P also
anticipates that All3Media will generate free operating cash flow
(FOCF), excluding S&P's adjustments, of about GBP10 million-GBP20
million in 2016.  In S&P's forecast, FOCF is set to materially
weaken or turn negative in 2017 as the company finances
production under its Netflix contract signed in 2016.  This
compares to the negative FOCF of GBP4 million that All3Media
generated in the 16 months to Dec. 31, 2015.  S&P considers that
taking into account the high intra-year volatility of earnings
and cash flows inherent to the studio business, All3Media's
credit metrics are relatively weak compared with other companies
of similar size and carrying the same financial risk profile
assessment.

S&P's assessment of All3Media's business risk profile reflects
the group's strong positions in its main markets -- the U.K. and
Germany -- its growing presence in the U.S., and its balanced mix
of more than 300 television programs a year from 18 independent
production studios.  These positives are tempered by the group's
sole exposure to the TV program production market and its
relatively modest size.  Moreover, in S&P's view, the group
operates in a highly competitive and fragmented industry reliant
on the unpredictable tastes of TV audiences.

"Our rating includes one notch of uplift to reflect the support
that we consider All3Media is likely to receive from its
strategic owners.  We consider that both shareholders, Discovery
and Liberty Global, see their investment in the 50/50 joint
venture as part of their strategy of increasing their presence in
the content production segment of their media operations, and
broadening their international outreach.  We believe that
All3Media benefits from the expertise and industry connections of
shareholders on the board of directors and from the owners'
proven support in growth strategy, including a GBP25 million
equity contribution to part-finance the acquisition of Neal
Street in the first half of 2015. We also take a positive view of
the breadth and depth of the management talent pool that the
company can potentially draw on. At the same time, we see limited
potential for extraordinary support because none of the
shareholders exercise full control of the company, provide debt
guarantees, have cross-default provisions, or explicitly commit
to any form of support in the case of All3Media undergoing
financial distress," S&P said.

S&P expects All3Media's earnings to grow steadily over the medium
term, primarily thanks to growth in the production of television
shows and series.  Earnings will also be helped by the group's
focus on growing its secondary revenues and continuous cost-
reduction efforts, implemented in order to withstand pricing
pressures that most of the group's customers are likely to
exercise.  These positives are tempered by the group's exposure
to the television program production and distribution market,
where it generates the majority of its earnings, and its
relatively modest size compared with larger, vertically
integrated, and diverse peers, such as ITV, RTL, and some
independent film studios.

S&P's base case assumes:

   -- GDP growth of 2.1%-1.4% per year in 2016-2017 in the U.K.
      and 1.6%-2.4% in the U.S., with more subdued growth
      prospects of less than 1.5% in the eurozone.  Revenues of
      about GBP530 million in 2016, including contribution from
      acquisitions and in line with year-to-date trading.  S&P
      anticipates annual growth of 5%-10% in 2017 and 2018,
      supported by a contribution from recent start-ups as they
      mature, expansion in the U.S., and the development of the
      scripted segment and online digital business.

   -- S&P Global Ratings-adjusted EBITDA of about GBP52 million-
      GBP62 million in 2016.  S&P estimates that All3Media will
      maintain an EBITDA margin of about 10.0%-11.7% in 2016-
      2018, compared with 7.2% in the 16 months to Dec. 31, 2015,
      mainly due to a higher-margin product mix.  S&P believes
      that the company will continue to successfully exercise
      cost-control measures in order to partly offset pricing
      constraints from broadcasters and ongoing investment in
      growth projects.  S&P expects that investment in working
      capital and funding growth in the distribution business and
      scripted production will reach about GBP20 million-GBP30
      million per year.

   -- Capital expenditures (capex) of about GBP3 million-
      GBP4 million per year.

Based on these assumptions, S&P arrives at these credit measures:

   -- Adjusted debt to EBITDA of about 5.5x-6.0x in 2016,
      decreasing to about 4.5x-5.0x by Dec. 31, 2018, based
      mainly on EBITDA growth.

   -- EBITDA interest coverage of about 1.5x-2.0x in 2016,
      increasing to about 2.5x by 2018.

   -- Reported FOCF in 2016 of up to GBP20 million, following the
      outflow of about GBP4 million in 2015.  S&P forecasts FOCF
      to weaken in 2017, and possibly turn negative by up to --
      GBP5 million as All3Media self-funds its projects, for
      which clients pay on delivery of the completed series.

The stable outlook reflects S&P's opinion that, in the next 12
months, All3Media will continue reducing its leverage.  The
decline in leverage will be supported mainly by EBITDA growth.
S&P believes that the earnings will benefit from the strategic
investments reaching more mature stages; an increasing
contribution from recent acquisitions that allow All3Media to
expand the scale of purchased libraries and creative potential;
and likely further bolt-on acquisitions.  S&P believes that the
company will maintain its adjusted EBITDA to interest coverage at
about 1.5x-2x and debt to EBITDA will be about 5x-6x, while
liquidity will remain adequate even if FOCF were to turn
temporarily negative due to phasing of some scripted projects.

S&P could consider raising the rating if the company generates
sufficient EBITDA to comfortably cover its interest expenses by
at least 2x, even in case of any earnings setbacks driven by
phasing of projects; maintains debt to EBITDA of less than 5x;
and generates meaningful FOCF that offers it the flexibility to
self-finance growing investment in working capital related to
strategic growth initiatives.  This would need to be underpinned
by All3Media maintaining adequate liquidity, including ample
headroom under the springing covenant.  Any positive rating
action would be reliant on S&P's assessment that shareholder
support will continue and that All3Media's financial policy
promotes credit metrics commensurate with a 'B+' rating.

S&P could lower the rating over the next 12 months if All3Media's
EBITDA declined, such that its leverage and coverage metrics
weakened and S&P deemed the capital structure unsustainable over
the long term. A negative rating action could also be prompted by
weakened liquidity or by All3Media's FOCF turning significantly
negative for a sustained period.  S&P could also lower the rating
if it perceived a decline in the likelihood of shareholder
support.


EUROSAIL 2006-4NP: S&P Raises Ratings on 2 Note Classes to BB
-------------------------------------------------------------
S&P Global Ratings took various credit rating actions on all
rated classes of notes in Eurosail 2006-4NP PLC.

Specifically, S&P has:

   -- Affirmed its ratings on the class A3a, A3c, M1a, M1c, and
      E1c notes; and

   -- Raised to 'A- (sf)' from 'BBB+ (sf)' its rating on the
      class B1a notes, to 'BBB (sf)' from 'BB (sf)' S&P's ratings
      on the class C1a and C1c notes, and to 'BB (sf)' from
      'B (sf)' its ratings on the class D1a and D1c notes.

The rating actions follow S&P's credit and cash flow analysis
using the most recent data, and the application of its relevant
criteria.

Since S&P's previous review, total arrears have declined to 17.8%
from 20.7% while total amounts outstanding have increased.  Total
amounts outstanding now represent 35.69% of the pool, up from
33.48% in Q3 2014.

The liquidity facility, currently sized at GBP40.9 million, is
currently not amortizing due to the cumulative loss trigger
breach.

The reserve fund (GBP3.7 million) is very close (99.5%) to its
target balance and is also currently not amortizing due to the
breach of arrears, repossession, and cumulative loss triggers.

The notes in this transaction are currently amortizing
sequentially, as they have breached the pro rata payment triggers
relating to arrears and cumulative repossessions.  As the amounts
outstanding continue to increase, S&P considers that the
transaction will likely continue paying principal sequentially
and S&P has incorporated this assumption in its cash flow
analysis.

S&P's weighted-average foreclosure frequency (WAFF) assumptions
have decreased for this transaction since its August 2014 review,
primarily due to greater seasoning and lower arrears.  S&P's
weighted-average loss severity assumptions (WALS) have increased
because of higher repossession market value declines and also
because S&P expects potential losses to be higher, given the
servicer's method of allocating payments of other amounts owed
for the transaction.

Rating          WAFF           WALS         Expected
Level            (%)            (%)         loss (%)
AAA            33.87          54.19            18.35
AA             27.81          44.69            12.43
A              22.74          32.31             7.35
BBB            18.65          25.27             4.71
BB             14.09          20.18             2.84
B              12.16          17.11             2.08

The combination of the higher available credit enhancement,
helped by the sequential payment of the transaction since March
2013, and the pool's decreased credit risk have benefitted the
transaction. Taking these factors into account, S&P considers
that the available credit enhancement is now commensurate with
higher ratings for the class B1a, C1a, C1c, D1a, and D1c notes.
S&P has therefore raised to 'A- (sf)' from 'BBB+ (sf)' its rating
on the class B1a notes.  At the same time, S&P has raised to 'BBB
(sf)' from 'BB (sf)' its ratings on the C1a and C1c notes, and to
'BB (sf)' from 'B (sf)' S&P's ratings on the class D1a and D1c
notes.

The currency swap agreement between the issuer and Barclays Bank
PLC is not in line with S&P's current counterparty criteria.
Accordingly, S&P's ratings on the notes in this transaction are
capped at 'A-', the long-term issuer credit rating (ICR) on
Barclays Bank.  The class A3a, A3c, M1a, and M1c notes would have
obtained higher ratings without the ratings cap due to the
currency swap provider.  Due to the ratings cap, S&P has affirmed
its 'A- (sf)' ratings on the class A3a, A3c, M1a, and M1c notes.
It is worth noting that Danske Bank A/S, which acts as
transaction account provider and guaranteed investment contract
(GIC) provider caps the ratings in this transaction at Danske
Bank's long-term ICR of 'A'.  Currently, this cap has no effect
given the cap relating to Barclays Bank.

In S&P's view, the available credit enhancement for the class E1c
notes is commensurate with its currently assigned rating.  S&P
has therefore affirmed its 'B- (sf) rating on the class E1c
notes.

Eurosail 2006-4NP is a U.K. nonconforming residential mortgage-
backed securities (RMBS) transaction, which Southern Pacific
Mortgage Ltd., Preferred Mortgages Ltd., and GMAC Residential
Funding Co. LLC originated.

RATINGS LIST

Class           Rating
           To           From

Eurosail 2006-4NP PLC
EUR327.5 Million, GBP496.45 Million, $64 Million Mortgage-Backed
Floating-Rate Notes, Excess-Spread Backed Floating-Rate Notes

Ratings Affirmed

A3a        A- (sf)
A3c        A- (sf)
M1a        A- (sf)
M1c        A- (sf)
E1c        B- (sf)

Ratings Raised

B1a        A- (sf)      BBB+ (sf)
C1a        BBB (sf)     BB (sf)
C1c        BBB (sf)     BB (sf)
D1a        BB (sf)      B (sf)
D1c        BB (sf)      B (sf)


RIVINGTON BISCUITS: In Administration, 99 Jobs Affected
-------------------------------------------------------
Ravender Sembhy at Press Association reports that almost 100 jobs
have been lost after Rivington Biscuits collapsed into
administration, blaming the fall in the value of sterling in the
wake of the Brexit vote.

The company, the maker of Pink Panther wafers, has appointed FRP
Advisory to oversee the process, Press Association relates.

According to Press Association, FRP said in a statement:
"Rivington Biscuits experienced particularly challenging trading
conditions over the past year, resulting in significant pressure
on profit margins and cash flow.

"The problems were compounded by the sharp decline in the value
of the pound against the euro.  The company was left with no
viable alternative other than to seek the protection of
administration while a long-term solution can be explored."

Rivington employs 123 staff, of which 99 will be made redundant
with the remaining 24 staying on while a buyer for the business
is sought, Press Association discloses.

"A sustained deterioration in trading conditions and significant
additional pricing costs since the summer following the sharp
fall in the value of the pound, left the business facing
unsustainable cash-flow pressure," Press Association quotes
Russell Cash, partner at FRP Advisory, as saying.

"Rivington Biscuits continues to trade through administration but
with a reduced staff base in order to fulfill current orders into
the New Year."

Rivington Biscuits is based in Wigan.


UNITED BISCUITS: S&P Affirms 'B+' CCR & Revises Outlook to Neg.
---------------------------------------------------------------
S&P Global Ratings said it has revised to negative from stable
its outlook on U.K.-based biscuits manufacturer UMV Global Foods
Holding Co. Ltd. (United Biscuits).  S&P also affirmed its 'B+'
long-term corporate credit ratings on the company.

At the same time, S&P affirmed its 'B+' issue rating on United
Biscuits' senior loans.  The recovery rating is unchanged at '3',
indicating S&P's expectation of meaningful recovery (50%-70%;
upper half of the range) in a default scenario.

Under S&P's new base-case projections, it does not project a
covenant breach in 2016 and 2017 for United Biscuits.  However,
because of continued business headwinds, notably in its main U.K.
market, S&P sees downside risks to EBITDA growth in 2017 and an
increased possibility of tight (<15%) headroom under the debt
covenant at the end of December 2017.  For 2017, S&P forecasts
the company to generate EBITDA of about GBP160 million-GBP170
million with reported net debt of about GBP600 million following
recent debt repayments.  This leaves covenant headroom of less
than 10% in the next 12 months, absent any new measures by the
company to reduce debt levels.

"In our view, the company's operating performance in 2017 should
continue to be affected by high pricing competition in the U.K.
from large retailers and from branded competitors and private
labels in the biscuits segment.  Gross margins are likely to be
negatively affected as raw materials like cocoa and sugar are
often purchased in U.S. dollars or euros, which have strengthened
against pound sterling.  We think that United Biscuits should be
able to pass on price increases to consumers to maintain margins
but volume growth is likely to be affected.  Profitability of
some emerging markets' operations, such as Nigeria, should also
continue to be affected by the high volatility of the local
currency, which has hindered operating margins in 2016," S&P
said.

The business remains supported, in S&P's view, by the strong
market shares in biscuits in the U.K. and, to a lesser extent in
France and The Netherlands, although growth prospects in these
markets seem to have somewhat decreased.  The company owns a
portfolio of well-known international brands (McVities, Jaffa
cakes, Jacobs, etc.), has strong volume growth in Asia and North
America -- although these are still small markets -- and has
moderate working capital and capital expenditure (capex)
intensity. Profitability remains solid, with an EBITDA margin of
at about 14%-15% (versus 16% on a five-year average), driven
mostly by the high profitability of the U.K. operations.
Weaknesses, in S&P's view, are the revenue concentration to the
U.K. (>80% group EBITDA), as well as the concentration to one
product category and to one brand (McVities accounts for 40% of
revenues).  S&P understands that the business strategy is firstly
to defend its market share in the U.K. and grow in emerging
markets -- notably in Asia and Africa -- in coordination with the
Pladis group (United Biscuits, Ulker, Godiva, DeMet brands, etc.)
by using the more premium McVities brand and local brands.

The capital structure remains highly leveraged in S&P views as it
forecasts S&P Global Ratings-adjusted net debt to EBITDA to be
about 5.0x in 2017, although S&P notes that the company has been
repaying debt in 2016 with recent asset disposals.  S&P sees the
company continuing to be able to generate stable free cash flow
of about GBP40 million annually as the business is relatively
noncyclical.  S&P also notes that there are no near-term debt
maturities until 2020-2021.

S&P's base case for 2017-2018 assumes:

   -- Revenue growth of GBP1.1 billion in 2017 and GBP1.2 billion
      in 2018;

   -- U.K.: Mid-single-digit sales growth in 2017 driven by some
      price increases and volume growth following production
      interruptions in early 2016.  In 2018, S&P assumes low
      volume growth with some price inflation limited by the
      level of competition;

   -- Northern Europe: Substantially lower revenues in 2017
      versus 2016 due to the recent signed asset disposals in
      Belgium;

   -- International: S&P sees high single-digit-revenue growth
      with good volume growth thanks to the penetration in large
      consumer markets.  However, sales growth is likely to
      remain sensitive to volatile currencies, such as the
      Nigerian naira;

   -- Adjusted EBITDA of GBP160 million-GBP170 million (EBITDA
      margin of about 14.0%-14.5%);

   -- Only slightly improving profitability compared to 2016 due
      to the impact of weak currencies, such as the Nigerian
      naira, and higher raw materials costs and marketing
      spending to support the main brands;

   -- Free operating cash flows (FOCF) of about GBP40 million,
      with a stable EBITDA base, limited working capital
      outflows, and forecast capex of about 5% of revenues
      annually; and

   -- Adjusted net debt of GBP800 million-GBP825 million, after
      debt repayments from cash proceeds of asset disposals in
      Belgium, operating lease commitments, and a higher net
      pension deficit.  S&P continues to treat the shareholder
      loan provided by Yildiz Holding as 100% equity.

Based on these assumptions, S&P arrives at these credit measures:

   -- Adjusted net debt to EBITDA of about 5x;
   -- EBITDA interest coverage of about 3.1x-3.3x; and
   -- FOCF to debt of about 4%-5%.

The negative outlook reflects S&P's view that there is at least a
one-in-three chance that it could lower the ratings on United
Biscuits because it projects the company will face tight covenant
headroom in the next 12 months, absent any specific measures to
repay debt.  S&P believes that business headwinds, mainly derived
from the group's U.K. business, should make it harder for the
company to grow its EBITDA base in 2017 to levels that would
ensure adequate headroom under its debt covenants in Q4 2017.

"We could lower the ratings if, over the next few months, we see
a deterioration in our 2017 EBITDA projections or higher debt
level due to higher funding needs to grow the business in
emerging markets.  This would raise the risk of a potential
covenant breach for the Q4 2017 covenant test.  We think this
could occur if, absent any specific measures to reduce debt,
United Biscuits failed to generate reported EBITDA of at least
GBP170 million and reported net debt of GBP600 million at the end
of 2017.  We believe that a key element of generating such EBITDA
levels will be to maintain revenue growth in the U.K. while
maintaining strong profitability despite the competitive
environment, necessary investments in marketing, promotional
activity, and higher raw materials costs," S&P said.

S&P could revise the outlook back to stable if it sees that
United Biscuits is able to generate higher EBITDA over the next
few quarters thanks to improved operating performances in the
U.K. and the emerging markets, which would adequately replenish
the financial covenant headroom in 2017.  S&P could also revise
the outlook back to stable if the group took measures to reduce
its debt, also resulting in adequate covenant headroom.



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


* BOND PRICING: For the Week December 12 to December 16, 2016
-------------------------------------------------------------

Issuer                  Coupon     Maturity  Currency  Price
------                  ------     --------  --------  -----
Grupo Isolux Corsan Fi    6.63    4/15/2021   EUR      18.01
Obrascon Huarte Lain S    7.63    3/15/2020   EUR      66.97
Oi Brasil Holdings Coo    5.75    2/10/2022   USD      24.00
Obrascon Huarte Lain S    4.75    3/15/2022   EUR      57.18
Portugal Telecom Inter    4.63     5/8/2020   EUR      23.05
Portugal Telecom Inter    6.25    7/26/2016   EUR      22.83
ADLER Real Estate AG      2.50    7/19/2021   EUR      13.81
CSN Resources SA          6.50    7/21/2020   USD      66.25
Banca Monte dei Paschi    2.36    5/15/2018   EUR      65.50
Intelsat Luxembourg SA    7.75     6/1/2021   USD      28.75
Ensco PLC                 5.20    3/15/2025   USD      70.92
Fuerstenberg Capital I    5.63                EUR      61.29
Banca Monte dei Paschi    5.75    9/30/2016   GBP      85.42
Brighthouse Group PLC     7.88    5/15/2018   GBP      72.57
Bank of New York Mello    3.96   12/30/2099   EUR      12.89
Oi Brasil Holdings Coo    5.63    6/22/2021   EUR      23.56
Obrascon Huarte Lain S    5.50    3/15/2023   EUR      57.25
Portugal Telecom Inter    4.38    3/24/2017   EUR      22.63
Etablissements Maurel     1.63     7/1/2019   EUR      15.29
Ensco PLC                 5.75    10/1/2044   USD      59.50
PagesJaunes Finance &     8.88     6/1/2018   EUR      59.05
Petrobras Global Finan    5.63    5/20/2043   USD      75.63
Rickmers Holding GmbH     8.88    6/11/2018   EUR      29.75
Portugal Telecom Inter    5.00    11/4/2019   EUR      23.00
Asya Sukuk Co Ltd         7.50    3/28/2023   USD      55.00
Aldesa Financial Servi    7.25     4/1/2021   EUR      64.08
Portugal Telecom Inter    5.88    4/17/2018   EUR      23.00
Abengoa SA                8.50    3/31/2016   EUR       6.33
Intelsat Luxembourg SA    6.75     6/1/2018   USD      63.35
Gol LuxCo SA              8.88    1/24/2022   USD      51.00
Ensco PLC                 4.50    10/1/2024   USD      74.13
KTG Agrar SE              7.13     6/6/2017   EUR       6.88
Bank of New York Mello    4.24   12/15/2050   EUR      36.55
ING Groep NV              0.25                EUR      48.31
CHC Helicopter SA         9.25   10/15/2020   USD      46.50
Vallourec SA              2.25    9/30/2024   EUR      71.24
Metinvest BV              8.75    2/14/2018   USD      68.13
Abengoa Finance SA        7.00    4/15/2020   EUR       5.50
Delta Lloyd NV            4.38                EUR      73.31
Abengoa Finance SA        8.88     2/5/2018   EUR       5.88
Genel Energy Finance P    7.50    5/14/2019   USD      75.12
CGG SA                    5.88    5/15/2020   EUR      53.01
Indo Energy Finance II    6.38    1/24/2023   USD      65.50
ING Groep NV              0.65                EUR      52.11
Aegon NV                  1.43                USD      58.37
Co-Operative Bank PLC/    8.50     7/1/2025   GBP      71.60
Casino Guichard Perrac    1.33                EUR      48.10
Nordea Bank AB            0.70                EUR      48.96
Portugal Telecom Inter    4.50    6/16/2025   EUR      23.02
Sapinda Invest SARL       5.00    6/30/2019   EUR      71.91
Ajecorp BV                6.50    5/14/2022   USD      47.00
Aegon NV                  0.16                EUR      46.76
CGG SA                    1.75     1/1/2020   EUR       4.74
Intelsat Jackson Holdi    6.63   12/15/2022   USD      72.25
Fiat Chrysler Automobi    7.88   12/15/2016   USD      64.67
UkrLandFarming PLC       10.88    3/26/2018   USD      29.00
Intelsat Jackson Holdi    7.50     4/1/2021   USD      74.96
QGOG Constellation SA     6.25    11/9/2019   USD      47.50
Offshore Drilling Hold    8.38    9/20/2020   USD      48.83
Banque Federative du C    0.56                EUR      44.78
Novo Banco SA             5.00    4/23/2019   EUR      74.01
Intelsat Luxembourg SA    8.13     6/1/2023   USD      28.50
WPE International Coop   10.38    9/30/2020   USD      12.00
Johnston Press Bond Pl    8.63     6/1/2019   GBP      53.88
Far East Capital Ltd S    8.00     5/2/2018   USD      49.50
Bilt Paper BV             9.75                USD      57.94
AXA SA                    0.72                EUR      53.09
DTEK Finance PLC          7.88     4/4/2018   USD      66.50
AXA SA                    0.73                EUR      59.38
Intelsat Jackson Holdi    5.50     8/1/2023   USD      69.94
First Bank of Nigeria     8.00    7/23/2021   USD      72.50
BPCE SA                   1.76                USD      55.00
Financiere Quick SAS      7.21   10/15/2019   EUR      73.25
Etablissements Maurel     2.75     7/1/2021   EUR       9.58
Premier Oil PLC           5.00   12/11/2020   GBP      62.00
OAS Investments GmbH      8.25   10/19/2019   USD       1.00
Abengoa Finance SA        6.00    3/31/2021   EUR       5.50
KTG Energie AG            7.25    9/28/2018   EUR      52.25
Frigoglass Finance BV     8.25    5/15/2018   EUR      60.03
HSBC Bank PLC             1.19                USD      58.74
Banco Espirito Santo S    2.63     5/8/2017   EUR      25.88
Air France-KLM            2.03    2/15/2023   EUR      10.28
Banco Espirito Santo S    4.00    1/21/2019   EUR      26.00
AXA SA                    1.43                USD      65.92
Air Berlin PLC            5.63     5/9/2019   CHF      74.87
Sacyr SA                  4.00     5/8/2019   EUR      72.47
Homann Holzwerkstoffe     7.00   12/14/2017   EUR      74.25
Algeco Scotsman Global   10.75   10/15/2019   USD      63.25
CEVA Group PLC            9.00     9/1/2021   USD      74.00
CNP Assurances            0.51                EUR      43.92
Abengoa Greenfield SA     5.50    10/1/2019   EUR       4.95
Econocom Group SA/NV      1.50    1/15/2019   EUR      12.81
CGG SA                    6.50     6/1/2021   USD      45.44
DTEK Finance PLC         10.38    3/28/2018   USD      67.00
AXA SA                    0.77                EUR      55.74
AXA SA                    1.77                USD      66.50
Banco Espirito Santo S    4.75    1/15/2018   EUR      26.13
Capital Funding GmbH      2.09                EUR      61.25
Santander Internationa    2.00                USD      42.13
EnQuest PLC               7.00    4/15/2022   USD      55.00
Scholz Holding Gmbh       8.50     3/8/2017   EUR       8.05
HSH Nordbank AG/Luxemb    2.10                EUR      15.82
IMMOFINANZ AG             4.25     3/8/2018   EUR       4.40
Pacific Drilling SA       5.38     6/1/2020   USD      27.00
Travel24.com AG           7.50    9/17/2017   EUR      29.50
Immigon Portfolioabbau   10.00                EUR       3.70
Brunswick Rail Finance    6.50    11/1/2017   USD      49.00
Assystem                  4.50                EUR      29.20
Credit Agricole SA        0.68                EUR      48.38
Credit Mutuel Arkea SA    0.44                EUR      41.98
CGG SA                    6.88    1/15/2022   USD      46.00
Neopost SA                3.38                EUR      46.67
Paragon Offshore PLC      6.75    7/15/2022   USD      28.19
CGG SA                    1.25     1/1/2019   EUR      21.47
HSH Nordbank AG           7.25                USD      25.53
Nexity SA                 0.13     1/1/2023   EUR      67.85
Norske Skog Holding AS    8.00    2/24/2021   EUR      39.00
Senivita Social Estate    6.50    5/12/2020   EUR      67.51
Banque Federative du C    0.65                EUR      44.08
Banco Espirito Santo S    7.13   11/28/2023   EUR       0.28
Bluewater Holding BV     10.00   12/10/2019   USD      43.63
Barclays Bank PLC         1.50                GBP      66.14
Banco Espirito Santo S    6.88    7/15/2016   EUR      26.13
Pierre & Vacances SA      3.50    10/1/2019   EUR      42.20
Mriya Agro Holding PLC    9.45    4/19/2018   USD       6.35
Metinvest BV             10.25    9/30/2016   USD      68.25
Rudolf Woehrl AG          6.50    2/12/2018   EUR      65.90
Abengoa Finance SA        8.88    11/1/2017   USD       5.65
Enterprise Holdings LT    7.00    9/26/2017   EUR      21.63
KTG Agrar SE              7.25   10/15/2019   EUR       7.38
Ageasfinlux SA            1.05                EUR      49.33
Alno AG                   8.50    5/14/2018   EUR      61.38
Takko Luxembourg 2 SCA    9.88    4/15/2019   EUR      58.45
HSBC Bank PLC             1.19                USD      58.73
VistaJet Malta Finance    7.75     6/1/2020   USD      43.13
Aegon NV                  5.19                NLG      52.38
Barclays Bank PLC         1.25                USD      58.00
Union Fenosa Preferent    1.37                EUR      72.25
BNP Paribas Fortis SA     1.74                EUR      62.15
Sanha GmbH & Co KG        7.75     6/4/2018   EUR      49.75
KCA Deutag UK Finance     7.25    5/15/2021   USD      75.25
Aegon NV                  4.26                NLG      63.40
Jyske Bank A/S            0.49                EUR      46.70
Matalan Finance PLC       8.88     6/1/2020   GBP      68.01
Bibby Offshore Service    7.50    6/15/2021   GBP      67.25
Danske Bank Oyj           0.66                EUR      46.94
Banca Carige SpA          8.34                EUR      53.63
Santander Finance Pref    0.61                EUR      48.10
Rothschilds Continuati    0.54                EUR      42.93
Transcapitalbank JSC V   10.00    9/18/2020   USD      76.50
Alcatel-Lucent SA         0.13    1/30/2020   EUR       4.46
BNP Paribas SA            0.99                USD      54.20
Abengoa Finance SA        7.75     2/1/2020   USD       6.75
OGX Austria GmbH          8.50     6/1/2018   USD       0.00
Waste Italia SpA         10.50   11/15/2019   EUR      28.50
Petroleum Geo-Services    7.38   12/15/2018   USD      74.88
Far East Capital Ltd S    8.75     5/2/2020   USD      49.50
Yuksel Insaat AS          9.50   11/10/2015   USD      38.52
CHC Helicopter SA         9.38     6/1/2021   USD      15.75
Oi Brasil Holdings Coo    5.75    2/10/2022   USD      23.00
OSX 3 Leasing BV         13.00    3/20/2015   USD      22.25
Afren PLC                 6.63    12/9/2020   USD       0.05
Cofinoga Funding Two L    1.52                EUR      63.00
HSBC Bank PLC             1.04                USD      58.54
Lehman Brothers Treasu    6.00    2/15/2035   EUR      11.75
BPCE SA                   0.29                EUR      41.75
Hema Bondco II BV         8.50   12/15/2019   EUR      46.98
Noreco Norway AS          6.50     3/6/2018   NOK      74.00
Paragon Offshore PLC      7.25    8/15/2024   USD      27.88
Virgolino de Oliveira    10.50    1/28/2018   USD       5.29
Sydbank A/S               0.77                EUR      43.00
BNP Paribas SA            2.13                EUR      52.00
Aegon NV                  1.51                NLG      50.51
Bremer Landesbank Kred    8.50                EUR      65.00
ATF Capital BV           10.00                USD      62.00
Tonon Luxembourg SA      10.50    5/14/2024   USD      42.25
Metinvest BV             10.50   11/28/2017   USD      68.21
Ausy                      3.25     1/1/2021   EUR      61.50
Novo Banco SA             3.50     1/2/2043   EUR      49.66
Norske Skogindustrier     2.00   12/30/2115   EUR      17.00
Abengoa SA                6.25    1/17/2019   EUR       4.33
Privatbank CJSC Via UK   11.00     2/9/2021   USD      64.84
Bremer Landesbank Kred    9.50                EUR      65.00
Sequa Petroleum NV        5.00    4/29/2020   USD      65.17
Banca delle Marche SpA    0.69     6/1/2017   EUR       1.00
NTRP Via Interpipe Ltd   10.25     8/2/2017   USD      29.67
BIM SAS                   2.50   11/13/2020   EUR      25.67
Region of Abruzzo Ital    0.24    11/7/2036   EUR      60.59
Ichor Coal NV             8.00     6/7/2017   EUR      70.25
Fuerstenberg Capital E    1.45                EUR      58.00
SOITEC                    6.75    9/18/2018   EUR       2.49
Cooperatieve Rabobank     0.50   11/26/2021   ZAR      62.46
Cattles Ltd               7.13     7/5/2017   GBP       1.05
Capital Raising GmbH      7.50                EUR      14.00
Smart Solutions GmbH      8.00    12/3/2018   EUR      31.00
Nordea Bank Norge ASA     1.13                USD      53.25
Prosafe SE                4.14     9/9/2019   NOK      27.03
Banca Carige SpA          1.72   12/29/2018   EUR      50.00
Portugal Telecom Inter    5.24    11/6/2017   EUR      21.50
Caixa Terrassa Societa    1.18                EUR      46.75
Belfius Bank SA/NV        1.73                FRF      70.00
Novo Banco SA             5.00    2/24/2022   EUR      70.21
Elli Investments Ltd     12.25    6/15/2020   GBP      30.38
BLT Finance BV            7.50    5/15/2014   USD       2.25
Ekosem-Agrar GmbH         8.50    12/7/2022   EUR      58.00
Jyske Bank A/S            0.76                EUR      47.50
Banco Espirito Santo S    2.36                EUR       0.13
German Pellets GmbH       7.25   11/27/2019   EUR       0.65
Lambay Capital Securit    6.25                GBP       1.70
BNP Paribas SA            0.66    4/30/2033   USD      62.50
Fred Olsen Energy ASA     3.99    2/28/2019   NOK      48.88
Phosphorus Holdco PLC    10.00     4/1/2019   GBP       1.67
Barclays Bank PLC         1.13                USD      57.63
Rothschilds Continuati    1.19                USD      39.58
Mitchells & Butlers Fi    2.70    6/15/2036   GBP      68.25
Hema Bondco I BV          5.25    6/15/2019   EUR      72.90
Afren PLC                10.25     4/8/2019   USD       0.05
Banco Bilbao Vizcaya A    1.04                EUR      67.50
Novo Banco SA             5.00    3/15/2022   EUR      70.46
Beate Uhse AG             7.75     7/9/2019   EUR      19.75
Prosafe SE                4.85     2/8/2017   NOK      30.54
Novo Banco SA             5.00    5/14/2019   EUR      74.24
NIBC Bank NV              0.66                EUR      42.38
DOF Subsea AS             6.02    5/22/2018   NOK      73.00
NIBC Bank NV              1.84                USD      49.75
Prosafe SE                3.97   10/22/2018   NOK      28.88
Singulus Technologies     7.75    3/23/2017   EUR      39.75
Solor Bioenergi Holdin    6.25    11/2/2017   NOK      54.63
Novo Banco SA             5.00     4/4/2019   EUR      74.12
Afren PLC                11.50     2/1/2016   USD       0.05
Laurel GmbH               7.13   11/16/2017   EUR      23.63
Praktiker AG              5.88    2/10/2016   EUR       0.11
Abengoa Greenfield SA     6.50    10/1/2019   USD       5.25
Ekosem-Agrar GmbH         8.75    3/23/2021   EUR      64.50
EnQuest PLC               7.00    4/15/2022   USD      60.50
ESFIL-Espirito Santo F    5.25    6/12/2015   EUR       0.21
DOF ASA                   5.84     2/7/2018   NOK      39.63
BDT Media Automation G    8.13    10/9/2017   EUR      77.00
Novo Banco SA             3.00    6/21/2022   USD      63.63
Norske Skogindustrier     7.13   10/15/2033   USD      23.50
Abengoa Finance SA        8.88    11/1/2017   USD       5.75
Steilmann SE              6.75    6/27/2017   EUR       4.44
SeniVita Sozial gemein    7.00                EUR      65.00
Cirio Holding Luxembou    6.25    2/16/2004   EUR       0.74
Havila Shipping ASA       9.59    8/30/2016   NOK      20.88
Lloyds Bank PLC           3.03   11/27/2033   USD      72.00
Tonon Luxembourg SA       7.25    1/24/2020   USD      10.88
Iona Energy Co UK PLC    12.50    9/27/2018   USD       3.82
National Westminster B    1.38                USD      58.75
Pescanova SA              5.13    4/20/2017   EUR       1.89
Windreich GmbH            6.50    7/15/2016   EUR      10.88
Societe Alsacienne et     1.63     1/1/2022   EUR      61.19
Greene King Finance PL    2.65    3/15/2036   GBP      69.65
Abengoa Finance SA        7.75     2/1/2020   USD       1.05
German Pellets GmbH       7.25     7/9/2018   EUR       0.70
Mitchells & Butlers Fi    1.17   12/15/2033   GBP      71.33
European Directories B    7.00    12/9/2018   EUR      48.50
National Westminster B    0.94                USD      57.75
IKB Deutsche Industrie    5.63    3/31/2017   EUR      23.63
Scandinavian Airlines     0.63                CHF      25.00
Banco Santander SA        0.80                EUR      47.55
Novo Banco SA             5.00    5/21/2019   EUR      74.07
Norske Skog Holding AS    8.00    2/24/2023   USD      29.88
Touax SA                  6.00    7/10/2020   EUR      18.05
Manchester Building So    6.75                GBP      36.00
Steilmann SE              7.00    9/23/2018   EUR       7.00
Lehman Brothers UK Cap    5.13                EUR       0.27
Viking Supply Ships AS    9.28    3/21/2017   NOK      25.00
JZ Capital Partners Lt    6.00    7/30/2021   GBP      10.45
Espirito Santo Financi    3.13    12/2/2018   EUR       1.00
Bank Nadra via NDR Fin    8.25    7/31/2018   USD       0.85
Eurobank Ergasias SA      1.34     6/8/2017   EUR      72.38
CNP Assurances            2.00                EUR      60.99
TGC-2 OJSC               12.00   10/10/2018   RUB      67.90
Aralco Finance SA        10.13     5/7/2020   USD       2.13
Credit Lyonnais SA        1.81                EUR      48.00
International Industri    9.00     7/6/2011   EUR       0.44
Espirito Santo Financi    9.75   12/19/2025   EUR       1.02
Norske Skogindustrier     7.13   10/15/2033   USD      23.50
Candyking Holding AB      5.00    1/29/2018   SEK      41.25
National Westminster B    1.19                USD      57.75
Virgolino de Oliveira    11.75     2/9/2022   USD       5.38
Remy Cointreau SA         2.95    2/27/2025   EUR      73.00
Pescanova SA              8.75    2/17/2019   EUR       2.41
Steilmann SE              7.00     3/9/2017   EUR       7.00
Solarworld AG             6.13    1/21/2017   EUR      42.63
syncreon Group BV / sy    8.63    11/1/2021   USD      75.00
Windreich GmbH            6.50     3/1/2015   EUR      10.88
Dexia Kommunalbank Deu    4.88   12/31/2016   EUR      35.75
Ideal Standard Interna   11.75     5/1/2018   EUR      12.88
Pacific Drilling SA       5.38     6/1/2020   USD      29.00
Corporate Commercial B    8.25     8/8/2014   USD       0.74
Prosafe SE                4.75    1/17/2020   NOK      27.55
Grupo Isolux Corsan Fi    6.63    4/15/2021   EUR      18.25
Dexia Credit Local SA     1.47                EUR       3.16
Hellenic Republic Gove    6.14    4/14/2028   EUR      75.88
Societe Generale SA       1.06                USD      53.29
Dexia SA                  4.89                EUR       2.09
Espirito Santo Financi    6.88   10/21/2019   EUR       0.06
Gol LuxCo SA              8.88    1/24/2022   USD      24.75
Novo Banco SA             5.00    5/23/2019   EUR      73.84
Kaupthing ehf             7.63    2/28/2015   USD      17.63
Vneshprombank Ltd via     9.00   11/14/2016   USD       0.10
Hellenic Republic Gove    5.20    7/17/2034   EUR      63.13
Immigon Portfolioabbau    7.00     3/6/2021   EUR      16.00
Norske Skog Holding AS    8.00    2/24/2021   EUR      39.88
Paragon Offshore PLC      7.25    8/15/2024   USD      28.63
LBI HF                    6.25                EUR       0.00
Nexity SA                 0.63     1/1/2020   EUR      55.77
Metinvest BV              8.75    2/14/2018   USD      68.62
Cirio Finance Luxembou    7.50    11/3/2002   EUR       9.39
UniCredit Bank Austria    0.21   12/27/2031   EUR      64.25
OGX Austria GmbH          8.38     4/1/2022   USD       0.00
Phones4u Finance PLC      9.50     4/1/2018   GBP      55.13
Sazka AS                  9.00    7/12/2021   EUR       0.57
Talvivaara Mining Co P    4.00   12/16/2015   EUR       1.05
Lehman Brothers UK Cap    5.75                EUR       0.04
Novo Banco SA             3.50    2/19/2043   EUR      49.66
Cirio Finanziaria SpA     8.00   12/21/2005   EUR       6.00
Finance and Credit Ban    9.25    1/25/2019   USD       0.71
Solstad Offshore ASA      4.51    6/24/2019   NOK      62.88
Petrol AD                 8.38    1/26/2017   EUR      24.75
Paragon Offshore PLC      6.75    7/15/2022   USD      29.00
Hybrid Raising GmbH       6.63                EUR      16.63
SNS Bank NV              11.25                EUR       0.78
Minicentrales Dos SA      4.81   11/29/2034   EUR      52.13
Farstad Shipping ASA      4.39    5/29/2018   NOK      39.75
Telereal Securitisatio    1.32   12/10/2031   GBP      70.66
Popular Capital SA        0.53                EUR      41.50
Tonon Luxembourg SA       7.25    1/24/2020   USD      10.88
Farstad Shipping ASA      5.21    2/15/2017   NOK      46.63
Rem Offshore ASA          6.29    9/25/2019   NOK      35.63
BOA OCV AS                6.75    10/7/2019   NOK      45.00
Mriya Agro Holding PLC   10.95    3/30/2016   USD       6.48
Immigon Portfolioabbau    7.00    7/24/2022   EUR      12.50
Sydbank A/S               0.80                EUR      75.00
Atlantic Offshore AS      8.50    5/16/2018   NOK       1.32
DNB Bank ASA              0.94                USD      52.19
SNS Bank NV               6.25   10/26/2020   EUR       2.93
Lloyds Bank PLC           1.19                USD      60.83
Lloyds Bank PLC           0.71    1/31/2033   USD      66.75
Hellenic Republic Gove    2.09    7/25/2057   EUR      29.75
DNB Bank ASA              1.03                USD      52.09
OP Corporate Bank plc     0.61                EUR      49.22
Virgolino de Oliveira    10.88    1/13/2020   USD      21.00
Eroski S Coop             3.02                EUR      61.16
KPNQwest NV              10.00    3/15/2012   EUR       0.56
Talvivaara Mining Co P    9.75     4/4/2017   EUR       0.74
Sidetur Finance BV       10.00    4/20/2016   USD       5.75
Rem Offshore ASA          6.73    3/14/2018   NOK      36.38
Takko Luxembourg 2 SCA    6.71    4/15/2019   EUR      48.60
Alpine Holding GmbH       6.00    5/22/2017   EUR       0.36
German Pellets GmbH       7.25     4/1/2016   EUR       0.68
Heta Asset Resolution     0.46   12/31/2023   EUR      39.92
Lehman Brothers Treasu    6.00    11/2/2035   EUR      11.75
Minicentrales Dos SA      6.45    4/14/2028   EUR      67.00
Societe Generale SA       0.81                EUR      53.00
Abengoa SA                4.50     2/3/2017   EUR       7.75
Royal Bank of Scotland    1.19                USD      53.95
Havila Shipping ASA       8.60    3/30/2017   NOK      34.75
Gebr Sanders GmbH & Co    8.75   10/22/2018   EUR      60.13
Barclays Bank PLC         4.70    3/27/2029   USD      70.85
IGas Energy PLC          10.00   12/11/2018   USD      26.00
Del Monte Finance Luxe    6.63    5/24/2006   EUR       5.25
Orient Express Bank PJ   12.00    5/29/2019   USD      50.00
Metinvest BV             10.50   11/28/2017   USD      68.38
Vseukrainsky Aktsinern   10.90    6/14/2019   USD       0.94
Barclays Bank PLC         1.19                USD      56.13
La Mutuelle Generale      6.81                EUR      70.30
Lehman Brothers Treasu    5.00    2/16/2015   EUR      11.75
Brunswick Rail Finance    6.50    11/1/2017   USD      48.00
Island Drilling Co ASA    9.50     4/3/2018   USD       5.00
Abanka Vipa DD Via Afi    1.60                EUR       0.43
DNB Bank ASA              1.06                USD      52.38
Offshore Drilling Hold    8.38    9/20/2020   USD      47.00
DOF ASA                   8.34     2/7/2017   NOK      39.25
Abengoa Greenfield SA     6.50    10/1/2019   USD       5.25
IT Holding Finance SA     9.88   11/15/2012   EUR       0.12
HSBC France SA            1.03                EUR      48.00
Lloyds Bank PLC           3.12    7/26/2033   USD      60.00
International Industri   11.00    2/19/2013   USD       0.44
LBI HF                    6.10    8/25/2011   USD       9.75
Barclays Bank PLC         1.48    7/28/2034   USD      72.65
Far Eastern Shipping C   14.00   11/28/2017   RUB      65.00
getgoods.de AG            7.75    10/2/2017   EUR       0.03
Barclays Bank PLC         4.63    9/13/2028   USD      74.13
Teksid Aluminum Luxemb   11.38    7/15/2011   EUR       2.22
Sairgroup Finance BV      4.38     6/8/2006   EUR      19.25
Breeze Finance SA         6.71    4/19/2027   EUR      26.50
Koninklijke Luchtvaart    0.75                CHF      36.50
Olympic Ship AS           7.05    9/21/2017   NOK      29.50
Immigon Portfolioabbau    4.50     9/7/2020   EUR      10.00
Standard Chartered PLC    1.25                USD      57.55
GNB - Cia de Seguros d    3.24                EUR      55.88
EFG International AG      0.85                EUR      59.00
Mobylife Holding A/S      7.25    5/23/2018   SEK      67.75
Oceanteam ASA            11.96   10/24/2017   USD      48.25
EDOB Abwicklungs AG       7.50     4/1/2012   EUR       0.25
World Wide Supply AS      7.75    5/26/2017   USD      10.50
Deutsche Bank AG/Londo    2.64    6/30/2034   USD      64.50
Dannemora Mineral AB     11.75    3/22/2016   USD       0.92
RENE LEZARD Mode GmbH     7.25   11/25/2017   EUR      25.25
Banco Pastor SA           2.14                EUR      29.00
Geotech Seismic Servic   10.50   10/17/2018   RUB      58.10
Barclays Bank PLC         0.11   12/28/2040   EUR      54.38
E Forland AS              7.75     9/4/2018   NOK      59.88
APP International Fina   11.75    10/1/2005   USD       5.00
Eniro AB                  6.00    4/14/2020   SEK      31.30
Deutsche Bank AG/Londo    1.47    3/15/2033   USD      60.50
Algeco Scotsman Global   10.75   10/15/2019   USD      57.50
Cirio Del Monte NV        7.75    3/14/2005   EUR       6.00
Afren PLC                 6.63    12/9/2020   USD       0.05
Golden Gate AG            6.50   10/11/2014   EUR      43.00
Bank of Scotland PLC      1.25                USD      60.63
Novo Banco SA             3.50    3/18/2043   EUR      49.67
Mitchells & Butlers Fi    2.45    9/15/2034   GBP      68.33
Italy Government Inter    0.18    7/31/2045   EUR      73.93
Abengoa SA                5.13     3/5/2017   USD       3.25
Ajecorp BV                6.50    5/14/2022   USD      32.25
IKB Deutsche Industrie    4.70    3/31/2017   EUR      25.25
CRC Breeze Finance SA     6.11     5/8/2026   EUR      52.00
Brighthouse Group PLC     7.88    5/15/2018   GBP      72.50
Barolo Midco SpA          7.72     3/1/2023   EUR      74.07
Autonomous Community o    1.16     9/8/2024   EUR      72.01
Novo Banco SA             3.50    1/23/2043   EUR      49.64
Tonon Luxembourg SA      10.50    5/14/2024   USD      40.63
Heta Asset Resolution     5.92   12/31/2023   EUR      39.38
Bank Nederlandse Gemee    0.50    7/12/2022   ZAR      58.48
Norske Skog Holding AS    8.00    2/24/2023   USD      25.00
GNB - Cia de Seguros d    1.94   12/19/2022   EUR      60.25
Lloyds Bank PLC           1.38    2/22/2033   USD      61.75
Kaupthing ehf             5.75    10/4/2011   USD      17.63
PA Resources AB          13.50     3/3/2016   SEK       0.22
BLT Finance BV           12.00    2/10/2015   USD      10.50
Alpha Bank AE             1.40     2/1/2017   EUR      68.75
Deutsche Bank AG/Londo    2.54    8/28/2034   USD      70.25
ADLER Real Estate AG      6.00    6/30/2017   EUR      12.75
UniCredit Bank Austria    0.26    8/20/2033   EUR      63.63
Barclays Bank PLC         1.70    4/19/2033   USD      67.10
Mechel PJSC               8.00     2/9/2021   RUB      70.73
Frey                      6.00   11/15/2022   EUR      23.25
Indo Energy Finance II    6.38    1/24/2023   USD      64.80
LBI HF                    6.10    8/25/2011   USD       9.75
DOF ASA                   8.00    9/12/2019   NOK      39.25
Lloyds Bank PLC           0.88                USD      60.80
SiC Processing GmbH       7.13     3/1/2016   EUR       1.26
AgroGeneration            8.00     4/1/2019   EUR      74.50
Constellium NV            5.75    5/15/2024   USD      83.25
Hellas Telecommunicati    8.50   10/15/2013   EUR       0.00
Strenesse AG              9.00    3/15/2017   EUR      48.00
SeaBird Exploration Fi    6.00     3/3/2018   USD      19.63
Northland Resources AB   15.00    7/15/2019   USD       0.01
Cooperatieve Rabobank     0.50   10/29/2027   MXN      43.68
Barclays Bank PLC         3.87   10/10/2029   USD      74.50
Manchester Building So    8.00                GBP      61.63
CGG SA                    6.88    1/15/2022   USD      46.00
Standard Chartered PLC    1.21                USD      57.55
Lehman Brothers Treasu    8.25    3/16/2035   EUR      11.75
SNS Bank NV               2.45                EUR       0.78
Cooperatieve Rabobank     0.50    7/30/2043   MXN      16.54
Barclays Bank PLC         1.28    5/31/2033   USD      67.75
CEVA Group PLC            9.00     9/1/2021   USD      75.00
Lehman Brothers Treasu    7.25    10/5/2035   EUR       9.63
Santander Finance Capi    2.00                EUR      39.50
Global Rig Co ASA         9.00     6/3/2019   USD      75.00
Northland Resources AB    4.00   10/15/2020   USD       0.01
Rena GmbH                 8.25    7/11/2018   EUR       8.63
UkrLandFarming PLC       10.88    3/26/2018   USD      29.38
Societe Generale SA       7.72                EUR      76.50
Governo Portugues Cons    3.00                EUR      74.00
Virgolino de Oliveira    10.50    1/28/2018   USD       6.13
More & More AG            8.13    6/11/2018   EUR      38.25
Olympic Ship AS           6.03    6/18/2019   NOK      28.00
Waste Italia SpA         10.50   11/15/2019   EUR      28.50
Oi Brasil Holdings Coo    5.63    6/22/2021   EUR      23.13
HPI AG                    3.50                EUR      17.00
Lloyds Bank PLC           3.29     7/5/2033   USD      72.50
CSN Resources SA          6.50    7/21/2020   USD      65.00
DTEK Finance PLC          7.88     4/4/2018   USD      65.98
IVG Immobilien AG         5.57                EUR       0.37
Deutsche Bank AG/Londo    0.46    1/31/2033   USD      61.90
Lloyds Bank PLC           1.69    4/26/2033   USD      62.89
Heta Asset Resolution     0.20   12/31/2023   EUR      40.00
Svensk Exportkredit AB    0.50    1/31/2022   ZAR      62.36
Western Bulk Charterin    7.76    4/19/2019   NOK      71.63
OT-Optima Telekom DD      5.25    5/30/2022   HRK      45.00
Banco Espirito Santo S    2.53                EUR      10.75
Far East Capital Ltd S    8.00     5/2/2018   USD      48.48
Barclays Bank PLC         2.66    3/28/2034   USD      73.65
PNE Wind AG               3.75   10/10/2019   EUR       2.90
Hamburgische Landesban    0.08    1/22/2041   EUR      61.30
Banque Cantonale Vaudo    9.10    8/19/2016   EUR      71.75
Lloyds Bank PLC           0.98                USD      60.81
VistaJet Malta Finance    7.75     6/1/2020   USD      48.00
Kaupthing ehf             5.75    10/4/2011   USD      17.63
A-TEC Industries AG       8.75   10/27/2014   EUR       2.00
LBI HF                    2.25    2/14/2011   CHF       7.63
Veneto Banca SpA          6.95    2/25/2025   EUR      68.25
Bulgaria Steel Finance   12.00     5/4/2013   EUR       1.09
Assystem                  4.00     1/1/2017   EUR      24.95
CHC Helicopter SA         9.25   10/15/2020   USD      46.13
Minaya Capital AG         7.00     8/1/2018   EUR      66.00
Abengoa SA                5.13     3/5/2017   USD       3.25
CGG SA                    5.88    5/15/2020   EUR      52.75
Depfa Funding II LP       6.50                EUR      56.00
Banco Espirito Santo S    6.90    6/28/2024   EUR      25.25
Standard Chartered PLC    1.13                USD      57.42
Commerzbank Holdings U    1.38                USD      62.25
Mox Telecom AG            7.25    11/2/2017   EUR       2.73
OGX Austria GmbH          8.50     6/1/2018   USD       0.03
Havyard Group ASA         6.50   12/13/2018   NOK      61.00
Gunther Zamek Produkti    7.75    5/15/2017   EUR       1.55
ADLER Real Estate AG      6.00   12/27/2018   EUR      12.75
Lehman Brothers Treasu    5.10     5/8/2017   HKD       9.63
Bilt Paper BV             9.75                USD      59.25
Standard Chartered PLC    0.75                GBP      57.27
PA Resources AB           3.00   12/27/2017   NOK       0.22
Aldesa Financial Servi    7.25     4/1/2021   EUR      63.75
SAG Solarstrom AG         6.25   12/14/2015   EUR      28.50
Norddeutsche Landesban    3.00    7/16/2018   EUR      64.77
Immigon Portfolioabbau    6.00    3/30/2017   EUR      59.00
QGOG Constellation SA     6.25    11/9/2019   USD      50.73
Agroton Public Ltd        6.00    7/14/2019   USD      10.00
Lehman Brothers Treasu    2.88    3/14/2013   CHF      11.75
wige MEDIA AG             6.00    3/17/2019   EUR       2.35
Barclays Bank PLC         1.73   11/29/2030   USD      72.63
Sairgroup Finance BV      6.63    10/6/2010   EUR      20.25
Nationwide Building So    0.91                GBP      70.00
UniCredit Bank Austria    0.22   12/31/2031   EUR      67.00
UmweltBank AG             2.85                EUR      52.52
International Hotel In    5.75    5/13/2025   EUR      65.13
KPNQwest NV               7.13     6/1/2009   EUR       0.56
Santander Finance Capi    2.00                EUR      39.50
KPNQwest NV               8.88     2/1/2008   EUR       0.56
Artea                     6.00     8/4/2019   EUR      14.66
Havila Shipping ASA       4.87    11/8/2016   NOK      39.50
Banco Espirito Santo S   10.00    12/6/2021   EUR       0.26
Pescanova SA              6.75     3/5/2015   EUR       1.97
Espirito Santo Financi    5.05   11/15/2025   EUR       1.01
Alpine Holding GmbH       5.25    6/10/2016   EUR       0.36
Afren PLC                11.50     2/1/2016   USD       0.25
WGF Westfaelische Grun    6.35    12/1/2016   EUR       2.55
HSBC Bank PLC             0.50    7/30/2027   NZD      67.49
Immigon Portfolioabbau    7.00     3/8/2021   EUR       5.00
Lehman Brothers Treasu    5.00    9/22/2014   EUR      11.75
Kaupthing ehf             9.00                USD       0.13
Alpha Bank AE             1.39     3/8/2017   EUR      67.75
Dexia Kommunalbank Deu    5.63   12/31/2017   EUR      13.13
Danske Bank Oyj           1.34                EUR      66.00
Region of Piemont Ital    0.01   11/27/2036   EUR      61.24
Kommunekredit             0.50   10/22/2019   BRL      73.15
Afren PLC                10.25     4/8/2019   USD       0.05
Depfa Funding IV LP       5.03                EUR      56.25
MS Deutschland Beteili    6.88   12/18/2017   EUR       8.76
MegaFon PJSC              9.95     5/9/2019   RUB      60.56
Lehman Brothers Treasu    7.00    5/17/2035   EUR      11.75
Banco Pinto & Sotto Ma    0.75                EUR      20.51
Barclays Bank PLC         1.67    3/21/2033   USD      66.02
Mifa Mitteldeutsche Fa    7.50    8/12/2018   EUR       2.90
Heta Asset Resolution     5.73   12/31/2023   EUR      38.00
Electromagnetic Geoser    7.04    6/27/2019   NOK      40.00
Atari SA                  0.10     4/1/2020   EUR       3.68
Alno AG                   8.00    3/21/2019   EUR      74.00
Societe Generale SA       1.60     1/9/2020   GBP       1.09
LBI HF                    4.65                EUR       0.00
Abengoa Finance SA        8.88     2/5/2018   EUR       5.88
Santander Finance Capi    2.00                USD      39.63
Portigon AG               7.46   12/31/2019   EUR      18.55
LBI HF                    7.43                USD       0.00
Virgolino de Oliveira    10.88    1/13/2020   USD      23.63
SAir Group                6.25    4/12/2005   CHF      11.00
Getin Noble Bank SA       4.74    3/12/2021   PLN      75.50
LBI HF                    3.00    12/7/2010   CHF       7.63
Cooperatieve Rabobank     0.50   10/30/2043   MXN      15.92
Far East Capital Ltd S    8.75     5/2/2020   USD      48.46
Immigon Portfolioabbau    5.27     2/8/2027   EUR      62.75
CBo Territoria            6.00     1/1/2020   EUR       4.05
Petromena ASA            10.85   11/19/2014   USD       0.52
Region of Abruzzo Ital    0.08    11/7/2031   EUR      73.84
Golden Energy Offshore    5.00   12/31/2017   NOK      25.88
UniCredit Bank Austria    0.19   10/31/2031   EUR      66.25
Heta Asset Resolution     4.35   12/31/2023   EUR      40.00
Lehman Brothers Treasu    4.00    2/16/2017   EUR      11.75
Espirito Santo Financi    5.13    5/30/2016   EUR       1.35
La Veggia Finance SPA     7.13   11/14/2004   EUR       0.00
Heta Asset Resolution     0.04   12/31/2023   EUR      39.88
Rena GmbH                 7.00   12/15/2015   EUR       8.63
Atari SA                  7.50    2/17/2020   EUR       0.31
Landesbank Hessen-Thue    0.19     5/3/2041   EUR      68.93
Aralco Finance SA        10.13     5/7/2020   USD       1.80
Hellenic Republic Gove    2.27     2/7/2022   EUR      72.47
Metinvest BV             10.25    9/30/2016   USD      68.25
Standard Chartered PLC    1.21                USD      57.42
BOA Offshore AS           7.78   12/18/2018   NOK      32.00
Alpine Holding GmbH       5.25     7/1/2015   EUR       0.36
First Bank of Nigeria     8.00    7/23/2021   USD      70.75
Immigon Portfolioabbau    1.31    7/29/2018   EUR       2.00
Hypo Tirol Bank AG        0.17    7/23/2026   EUR      72.88
Region of Molise Italy    0.24   12/15/2033   EUR      66.44
IM Skaugen SE             9.98    4/11/2017   NOK      37.75
PagesJaunes Finance &     8.88     6/1/2018   EUR      58.75
Nuova Banca Popolare d    1.72    9/28/2017   EUR       0.56
Mriya Agro Holding PLC    9.45    4/19/2018   USD       5.50
Ideal Standard Interna   11.75     5/1/2018   EUR      12.88
Credit Suisse AG/Londo    7.25   11/10/2016   CHF      65.30
Virgolino de Oliveira    11.75     2/9/2022   USD       5.38
Alpha Bank AE             2.50    6/20/2022   EUR      64.62
Northland Resources AB    4.00   10/15/2020   NOK       0.01
OAS Investments GmbH      8.25   10/19/2019   USD       1.12
Barclays Bank PLC         1.52    3/28/2033   USD      67.00
ING Bank Eurasia JSC     10.45    3/30/2021   RUB     100.00
Deutsche Bank AG/Londo    0.50    3/14/2019   BRL      73.40
WPE International Coop   10.38    9/30/2020   USD      10.63
Governo Portugues Cons    2.75                EUR      65.00
Landesbank Hessen-Thue    0.20    4/23/2041   EUR      73.09
MegaFon PJSC              9.90    5/29/2026   RUB      60.03
Bibby Offshore Service    7.50    6/15/2021   GBP      67.25
International Finance     0.50    6/24/2024   ZAR      47.47
UniCredit Bank Austria    0.05    1/25/2031   EUR      66.00
Lehman Brothers Treasu    7.00   11/26/2013   EUR      11.75
HSBC Bank PLC             0.50    6/10/2021   BRL      60.30
Zurcher Kantonalbank F    1.01   12/16/2016   CHF      46.46
Abengoa Greenfield SA     5.50    10/1/2019   EUR       4.95
Orient Express Bank PJ   13.60     8/9/2018   RUB      59.01
Matalan Finance PLC       8.88     6/1/2020   GBP      67.75
Deutsche Bank AG/Londo    0.79    3/31/2034   USD      66.50
Rusfinans Bank OOO       12.10    9/29/2020   RUB      61.10
Rusfinans Bank OOO       13.90    4/24/2018   RUB      62.07
NIBC Bank NV              2.71                USD      71.67
Takko Luxembourg 2 SCA    6.71    4/15/2019   EUR      48.88
Kaupthing ehf             7.13    5/19/2016   USD       0.00
Polyus PJSC              12.10     7/3/2025   RUB      65.06
Finmek International S    7.00    12/3/2004   EUR       0.13
Podkarpacki Bank Spold    5.74    3/31/2025   PLN       0.01
CNP Assurances            5.25                EUR      66.44
Immigon Portfolioabbau    8.70    7/26/2020   EUR      15.00
TransContainer PJSC       8.35    1/26/2018   RUB      72.53
friedola Gebr Holzapfe    7.25    4/11/2017   EUR       3.67
Anglian Water Services    0.94    1/26/2057   GBP      72.95
Accentro Real Estate A    6.25    3/27/2019   EUR       5.74
Montepio Holding SGPS     5.00                EUR      50.10
Activa Resources AG       8.00   11/15/2017   EUR      53.00
Phones4u Finance PLC      9.50     4/1/2018   GBP      55.13
Royal Bank of Scotland    2.48    8/26/2031   USD      72.00
Gazprombank JSC          10.90    2/19/2021   RUB      60.03
Abengoa Finance SA        6.00    3/31/2021   EUR       5.50
Svensk Exportkredit AB    0.50    8/28/2020   TRY      66.39
Kaupthing ehf             6.13    10/4/2016   USD      17.63
Barclays Bank PLC         3.76    4/16/2029   USD      72.90
Stroika Finance Ltd Vi    7.70    6/25/2019   RUB      12.00
Uppfinnaren 1 AB         10.00                SEK      65.38
Solon SE                  1.38    12/6/2012   EUR       0.33
Municipality Finance P    0.50     8/8/2029   NZD      65.88
OGX Austria GmbH          8.38     4/1/2022   USD       0.01
SAG Solarstrom AG         7.50    7/10/2017   EUR      28.50
Raiffeisenbank AO        11.35    6/11/2018   RUB      60.03
Salvator Grundbesitz-A    9.50                EUR      25.00
SAir Group                0.13     7/7/2005   CHF       8.75
Svensk Exportkredit AB    0.50    4/25/2019   BRL      74.94
Cooperatieve Rabobank     0.50   11/30/2027   MXN      43.56
SAir Group                5.50    7/23/2003   CHF      11.00
Lillestrom Sparebank      4.48                NOK      68.37
Financiere Quick SAS      7.21   10/15/2019   EUR      73.33
Absolut Bank PAO         12.00    5/28/2018   RUB      72.30
Norddeutsche Landesban   10.50     9/2/2016   EUR      62.40
Kommunekredit             0.50    5/11/2029   CAD      74.58
Rosselkhozbank JSC       12.87   12/22/2021   RUB      60.03
State Transport Leasin   14.30   12/10/2024   RUB      60.03
A-TEC Industries AG       2.75    5/10/2014   EUR       2.00
Immigon Portfolioabbau    8.70    7/26/2025   EUR      15.00
Alpha Bank AE             2.50    6/20/2022   EUR      64.64
Getin Noble Bank SA       4.75    2/15/2021   PLN      75.50
Heta Asset Resolution     0.34   12/31/2023   EUR      39.38
DEIKON GmbH               1.00   11/16/2016   EUR      26.00
Delta Credit Bank JSC    11.10    10/1/2024   RUB      99.45
Gazprom PJSC              8.30   10/21/2043   RUB      60.03
Santander Finance Capi    2.00                USD      39.88
Lehman Brothers Treasu    7.00     6/6/2017   EUR       1.32
Societe Generale SA      25.50    3/30/2017   USD      42.71
Kaupthing ehf             6.13    10/4/2016   USD      17.63
Windreich GmbH            6.75     3/1/2015   EUR      10.88
Lehman Brothers Treasu    4.50     5/2/2017   EUR      11.75
Credit Suisse AG/Guern    0.94                USD      52.67
UniCredit Bank AO        12.00   11/20/2019   RUB     100.10
Russian Post FGUP        12.00   10/18/2019   RUB      61.12
Agentstvo po Ipotechno   11.77     2/1/2034   RUB      99.93
Salvator Grundbesitz-A    9.50   12/31/2021   EUR      11.00
Lehman Brothers Treasu    5.25    5/26/2026   EUR       1.32
Lehman Brothers Treasu   11.00   12/20/2017   AUD       1.32
Lehman Brothers Treasu    4.00   10/24/2012   EUR       1.32
Svensk Exportkredit AB    0.50    2/22/2022   ZAR      60.33
Evrofinansy-Nedvizhimo   11.00   10/23/2020   RUB      60.02
Banca Popolare di Vice    5.00     6/4/2024   EUR      68.89
Johnston Press Bond Pl    8.63     6/1/2019   GBP      53.88
Lehman Brothers Treasu    3.03    1/31/2015   EUR       1.32
Lehman Brothers Treasu    1.00     5/9/2012   EUR       1.32
MirLand Development Co    6.00   11/30/2017   ILS      22.00
Hema Bondco II BV         8.50   12/15/2019   EUR      46.50
BLT Finance BV            7.50    5/15/2014   USD       2.25
Sberbank of Russia PJS   12.27     1/2/2026   RUB      60.03
HSBC Bank PLC             0.50    7/21/2021   BRL      69.50
Kommunalbanken AS         0.50   12/16/2020   TRY      71.09
International Finance     0.50    6/29/2020   ZAR      70.39
Lehman Brothers Treasu    5.55    3/12/2015   EUR       1.32
Lehman Brothers Treasu    6.00   10/30/2012   EUR       1.32
Lehman Brothers Treasu    4.00    12/2/2012   EUR       1.32
Bank Nederlandse Gemee    0.50    9/20/2022   MXN      67.60
Astana Finance BV         7.88     6/8/2010   EUR      16.88
Ekotechnika AG            9.75    5/10/2018   EUR       9.50
Tatfondbank PJSC         14.50     2/3/2026   RUB      82.67
UniCredit Bank AG         0.48   11/19/2029   EUR      69.13
BNP Paribas SA            0.50    7/20/2021   BRL      56.66
BNP Paribas SA            0.50    9/29/2029   AUD      63.29
Bank Nederlandse Gemee    0.50     8/9/2022   MXN      67.91
DEMIRE Real Estate AG     6.00   12/30/2018   EUR       3.26
SAir Group                2.13    11/4/2004   CHF      11.00
Hamburgische Landesban    0.08   10/30/2040   EUR      63.72
COFIDUR SA                0.10   12/31/2024   EUR      15.00
Novo Banco SA             3.00   12/16/2021   EUR      59.63
Lehman Brothers Treasu    5.00    2/27/2014   EUR      11.75
DEIKON GmbH               1.00     7/1/2016   EUR      26.27
Barclays Bank PLC         2.29    6/17/2033   USD      73.80
Getin Noble Bank SA       4.74   11/30/2020   PLN      74.50
ECM Real Estate Invest    5.00    10/9/2011   EUR      10.38
SNS Bank NV               6.63    5/14/2018   EUR       2.92
Lehman Brothers Treasu    4.00    4/13/2011   CHF       1.32
Landesbank Hessen-Thue    3.85    8/10/2016   EUR      69.80
DZ Bank AG Deutsche Ze    5.50    8/31/2016   EUR      46.62
Hema Bondco I BV          5.25    6/15/2019   EUR      72.52
Lehman Brothers Treasu    8.25     2/3/2016   EUR       1.32
Commerzbank AG            8.00    7/14/2021   USD      10.77
Kommunekredit             0.50    7/30/2027   TRY      30.91
UniCredit Bank AG         4.85   12/22/2020   EUR      61.13
RSL Communications PLC    9.13     3/1/2008   USD       0.41
Deutsche Bank AG          1.56    6/28/2033   USD      59.97
German Pellets GmbH       8.00                EUR       0.33
Bashneft PJSC            12.00     5/9/2025   RUB      60.03
CaixaBank SA              0.76     2/2/2037   USD      73.91
Immigon Portfolioabbau    3.51    4/12/2022   EUR      15.00
Astana Finance BV         9.00   11/16/2011   USD      16.88
Abengoa SA                6.25    1/17/2019   EUR       4.18
Pongs & Zahn AG           8.50                EUR       0.30
SpareBank 1 SR-Bank AS    4.00   12/21/2030   EUR      71.98
City of Hunedoara Roma    1.43    8/15/2026   RON      69.00
KPNQwest NV               8.13     6/1/2009   USD       0.56
Vnesheconombank           8.35   11/24/2020   RUB      60.05
Getin Noble Bank SA       4.74    10/7/2020   PLN      75.50
Kaupthing ehf             7.50     2/1/2045   USD       0.00
Banque Cantonale Vaudo    4.00    9/19/2016   CHF      54.67
Hellas Telecommunicati    8.50   10/15/2013   EUR       0.00
Municipiul Timisoara      0.65    5/15/2026   RON      64.20
UniCredit Family Finan    0.05   12/15/2026   EUR      72.66
HSBC Bank PLC             0.50   12/29/2026   AUD      67.53
Banco Espirito Santo S    1.29    5/27/2018   EUR       0.26
Municipality Finance P    0.50     5/8/2029   AUD      67.46
Solarwatt GmbH            7.00    11/1/2015   EUR      14.50
Heta Asset Resolution     7.50   12/31/2023   ATS      39.38
syncreon Group BV / sy    8.63    11/1/2021   USD      75.00
Banco Comercial Portug    5.00                EUR      42.00
UniCredit Bank AG         7.30    1/20/2017   EUR      65.61
Svensk Exportkredit AB    0.50    6/26/2019   TRY      74.79
Espirito Santo Financi    5.05   11/15/2025   EUR       1.01
Societe Generale SA       0.50     7/6/2021   BRL      60.60
Societe Generale SA       0.50    5/30/2023   MXN      62.86
Lehman Brothers Treasu    5.00     5/2/2022   EUR       1.32
Lehman Brothers Treasu    7.59   11/22/2009   MXN      11.75
Gazprombank JSC           9.00    4/27/2048   RUB      60.03
GRAND TOYS               17.00    3/26/2018   RUB      12.37
Agentstvo po Ipotechno   12.50   11/15/2024   RUB     101.35
Metalloinvest Holding     0.01     3/7/2022   RUB      60.02
Bank Nederlandse Gemee    0.50    5/12/2021   ZAR      66.20
Banca delle Marche SpA    6.00     5/8/2018   EUR       1.00
HSBC Bank PLC             0.50    4/27/2027   NZD      68.40
RSL Communications PLC   10.50   11/15/2008   USD       0.41
Societe Generale Effek    8.47    6/23/2017   EUR      53.83
Barclays Bank PLC         1.92    8/15/2033   USD      71.25
Veneto Banca SpA          6.94    5/15/2025   EUR      66.00
hkw personalkonzepte G    8.25   11/15/2016   EUR       3.70
Svensk Exportkredit AB    0.50    6/28/2022   ZAR      59.12
Dolomite Capital Ltd     13.21   12/20/2019   ZAR      62.96
International Finance     0.50    6/29/2027   ZAR      35.34
Agentstvo po Ipotechno   10.90    11/1/2022   RUB     101.45
Rosbank PJSC              0.01    2/26/2024   RUB      60.03
Immigon Portfolioabbau    5.45     8/2/2019   EUR      72.70
Lehman Brothers Treasu    5.00    3/18/2015   EUR      11.75
Kaupthing ehf             5.25    7/18/2017   BGN      17.63
Norddeutsche Landesban    5.19   11/25/2016   EUR      64.00
Lloyds Bank PLC           0.50    7/26/2021   BRL      62.47
Deutsche Bank AG/Londo    0.50    10/5/2021   IDR      60.83
A-TEC Industries AG       5.75    11/2/2010   EUR       2.00
BANIF - Banco Internac    4.50    1/30/2025   EUR      64.13
Vnesheconombank           9.75    8/16/2029   RUB      60.03
Deutsche Bank AG/Londo    0.50    4/18/2019   BRL      72.60
Barclays Bank PLC         2.50     3/7/2017   EUR      51.13
Marine Subsea AS          9.00   12/16/2019   USD       0.50
Lehman Brothers Treasu    1.46    2/19/2012   JPY      11.75
Rosbank PJSC              0.01    2/26/2025   RUB      60.03
Bashneft PJSC            10.90    4/29/2026   RUB      60.03
Frigoglass Finance BV     8.25    5/15/2018   EUR      59.75
Immigon Portfolioabbau    4.81    7/29/2025   EUR      61.00
Eiendomskreditt           4.34                NOK      63.71
Municipiul Timisoara      0.65    5/15/2026   RON      75.00
DekaBank Deutsche Giro    0.01    6/29/2046   EUR      61.08
Heta Asset Resolution     5.03   12/31/2023   EUR      38.00
Raiffeisen Versicherun    5.08                EUR      23.02
Strommen Sparebank        2.23                NOK      35.68
Heta Asset Resolution     4.88   12/31/2023   EUR      39.75
City of Predeal Romani    1.50    5/15/2026   RON      60.00
Vnesheconombank          11.60    2/17/2025   RUB      60.05
Rosselkhozbank JSC       12.87   12/21/2021   RUB      60.03
Delta Credit Bank JSC     8.45    8/30/2018   RUB      66.40
UniCredit Family Finan    0.05   12/15/2026   EUR      72.66
HSBC Bank PLC             0.50    2/24/2027   NZD      68.91
KA Finanz AG              5.45                EUR       2.80
Oravita City Council      2.04    6/15/2027   RON      68.00
Lehman Brothers Treasu    6.00    3/18/2015   USD      11.75
Gazprombank JSC           3.00    4/27/2048   RUB      60.03
Nuova Banca Popolare d    4.25   10/30/2016   EUR       0.57
Vnesheconombank          11.80    7/10/2018   RUB      62.80
Elli Investments Ltd     12.25    6/15/2020   GBP      30.38
Vnesheconombank           2.00    6/18/2021   RUB      69.14
Mortgage Agent Absolut    8.90    8/12/2041   RUB      59.00
Lenta Center OOO         11.00   10/14/2020   RUB      62.51
Nuova Banca Popolare d    3.50    6/28/2018   EUR       0.57
Province of Milan Ital    0.07   12/22/2033   EUR      68.94
Lehman Brothers Treasu    6.00    3/14/2011   EUR      11.75
Credit Suisse AG/Londo    8.00   11/29/2019   USD       7.83
Credit Suisse AG/Londo    7.20     8/2/2019   USD       9.59
Northland Resources AB   12.25    3/26/2016   USD       0.01
Vimpel-Communications    11.90    10/3/2025   RUB      60.03
Metalloinvest Holding     0.01     3/7/2022   RUB      60.02
Bank Nederlandse Gemee    0.50     6/7/2022   ZAR      59.12
Province of Brescia It    0.14    6/30/2036   EUR      63.80
Barclays Bank PLC         0.50    3/26/2021   MXN      71.81
HSBC Bank PLC             0.50    1/31/2020   BRL      68.98
Takko Luxembourg 2 SCA    9.88    4/15/2019   EUR      58.13
Gazprom PJSC              8.20   10/21/2043   RUB      60.03
Penell GmbH Elektrogro    7.75    6/10/2019   EUR       4.60
State of Carinthia        0.73    7/20/2017   CHF       0.20
Windreich GmbH            6.25     3/1/2015   EUR      10.88
AKB Peresvet ZAO         13.25    11/6/2020   RUB      60.05
HSBC Bank PLC             0.50   12/22/2025   BRL      39.28
Lehman Brothers Treasu    4.60     7/6/2016   EUR       1.53
Leonteq Securities AG     5.00    4/17/2019   CHF      70.47
HSBC Trinkaus & Burkha   11.80    3/24/2017   EUR      70.22
Sidetur Finance BV       10.00    4/20/2016   USD       5.75
Abengoa Finance SA        7.00    4/15/2020   EUR       5.50
LBI HF                    7.43                USD       0.00
Getin Noble Bank SA       4.51   12/21/2020   PLN      70.08
Lehman Brothers Treasu    4.50   12/30/2010   USD       1.32
HSBC Trinkaus & Burkha    3.75    8/25/2017   EUR      75.63
WGF Westfaelische Grun    6.35     8/1/2017   EUR       3.81
SAir Group                5.13     3/1/2003   CHF      11.00
Mortgage Agent Petroco    8.75    12/9/2046   RUB      58.00
Landesbank Hessen-Thue    4.00    8/15/2016   EUR      62.70
Lehman Brothers Treasu    5.00    8/16/2017   EUR      11.75
Lehman Brothers Treasu    8.25    12/3/2015   EUR      11.75
Svensk Exportkredit AB    0.50    4/24/2029   AUD      63.92
SG Option Europe SA       7.00    9/22/2017   EUR      66.32
Bashneft PJSC            10.50    5/12/2026   RUB      60.03
UniCredit Bank AO         9.00    5/17/2019   RUB      60.66
BNP Paribas SA            0.50     5/6/2021   MXN      73.00
Lehman Brothers Treasu    7.00    4/14/2009   EUR       1.32
Lehman Brothers Treasu    5.00    5/12/2011   CHF       1.32
Barclays Bank PLC         0.50    3/19/2021   MXN      71.91
RZD Rasvytie vokzalov    12.50   10/21/2016   RUB      10.01
Fonciere Volta SA         4.50    7/30/2020   EUR       2.68
Mriya Agro Holding PLC   10.95    3/30/2016   USD       5.88
Zapsibcombank PAO        14.85   12/12/2019   RUB      50.00
Bank Nederlandse Gemee    0.50    6/22/2021   ZAR      64.90
Svensk Exportkredit AB    0.50    8/29/2029   AUD      63.08
Oberoesterreichische L    0.30    4/25/2042   EUR      48.75
Rinol AG                  5.50   10/15/2006   DEM       0.00
Sachsen Bank              0.10    1/22/2041   EUR      74.90
Credit Suisse AG/Londo    3.00   11/15/2025   ZAR      56.34
Credit Suisse AG/Londo    8.90    2/11/2019   USD      10.05
Immigon Portfolioabbau    4.90    8/18/2025   EUR      61.30
Banco BPI SA/Cayman Is    4.15   11/14/2035   EUR      72.25
Lehman Brothers Treasu   23.30    9/16/2008   USD       1.32
Lehman Brothers Treasu    8.00    2/16/2016   EUR       1.32
Lehman Brothers Treasu    8.00    3/19/2012   USD       1.32
Lehman Brothers Treasu    9.75    6/22/2018   USD       1.32
Svensk Exportkredit AB    0.50    3/15/2022   ZAR      60.03
City of Alba Iulia Rom    1.50    4/15/2025   RON      68.00
Lehman Brothers Treasu    6.65    8/24/2011   AUD       9.63
SAir Group                2.75    7/30/2004   CHF      11.00
Mortgage Agent Soyuzv    11.00   12/28/2041   RUB      61.00
Bashneft PJSC            12.10     6/3/2025   RUB      60.03
Phosphorus Holdco PLC    10.00     4/1/2019   GBP       1.67
Lehman Brothers Treasu    2.30    4/28/2014   JPY       1.32
Autonomous Community o    2.97     9/8/2039   JPY      66.86
Cerruti Finance SA        6.50    7/26/2004   EUR       1.22
Rosseti PJSC             10.29   10/31/2045   RUB      60.03
Transgazservice LLP      10.50    11/8/2019   RUB       0.20
Rosbank PJSC              0.01    4/30/2024   RUB      60.03
Lehman Brothers Treasu   14.90    9/15/2008   EUR       1.32
Lehman Brothers Treasu    3.86    9/21/2011   SGD       9.63
EFG International Fina    7.20    7/29/2020   EUR      58.31
MirLand Development Co    8.50    8/31/2016   ILS      23.00
SG Option Europe SA       7.00     5/5/2017   EUR      45.29
Muehl Product & Servic    6.75    3/10/2005   DEM       2.10
Otkritie Holding OAO     12.50    4/20/2028   RUB      60.13
SAir Group                4.25     2/2/2007   CHF      11.00
SpareBank 1 Nordvest      3.80    3/11/2099   NOK      61.66
KPNQwest NV               8.88     2/1/2008   EUR       0.56
Credit Suisse AG/Londo    1.64     6/1/2042   USD      52.51
DekaBank Deutsche Giro    3.00     5/4/2018   EUR      47.81
Landesbank Baden-Wuert    9.35    9/23/2016   EUR      63.73
Notenstein Finance Gue    1.00    9/17/2019   CHF      46.83
Landesbank Baden-Wuert    6.00    6/23/2017   EUR      59.91
Vontobel Financial Pro    8.00    9/29/2017   EUR      68.32
City of Hunedoara Roma    1.43    8/15/2026   RON      70.00
Municipality Finance P    0.50    6/19/2024   ZAR      49.52
Rosbank PJSC              0.04    4/30/2024   RUB      60.03
Western High-Speed Dia    9.15     2/6/2032   RUB      56.22
Lehman Brothers Treasu    4.90    7/28/2020   EUR       1.32
Lehman Brothers Treasu    7.60    5/21/2013   USD       1.32
Immigon Portfolioabbau    3.50    5/23/2022   EUR      74.63
Mobile TeleSystems PJS    5.00    6/29/2021   RUB      73.25
KPNQwest NV               8.88     2/1/2008   EUR       0.56
UniCredit Bank AO        12.35    9/16/2020   RUB     101.50
MirLand Development Co    6.50    9/30/2019   ILS      21.62
UniCredit Bank AG         5.00    9/30/2016   EUR      38.31
RSL Communications PLC   10.13     3/1/2008   USD       0.41
Mortgage Agent MKB 1 Z   10.65     6/7/2039   RUB      60.30
Vontobel Financial Pro    6.50     9/2/2016   EUR      67.92
First St Petersburg Mo    8.50    7/15/2041   RUB      57.20
Landesbank Hessen-Thue    3.99    8/29/2016   EUR      61.45
IT Holding Finance SA     9.88   11/15/2012   EUR       0.12
BNP Paribas Emissions-   12.00   12/22/2016   EUR      56.81
Bank Nederlandse Gemee    0.50    8/15/2022   ZAR      58.49
Leonteq Securities AG     3.90   12/20/2024   CHF      74.42
Nuova Banca delle Marc    7.75    6/30/2018   EUR       1.24
Podkarpacki Bank Spold    5.79     7/2/2020   PLN      48.00
UniCredit Bank AG         5.00    7/30/2018   EUR      52.88
Oberoesterreichische L    0.32    11/6/2030   EUR      67.13
MT-Energie GmbH & Co K    8.25     4/4/2017   EUR       9.35
Western High-Speed Dia   10.44    5/13/2031   RUB      60.02
Nuova Banca Popolare d    5.00   10/30/2023   EUR       0.57
ENEL RUSSIA PJSC         12.10    9/28/2018   RUB      60.03
Bank ZENIT PJSC          11.50     4/3/2026   RUB      60.05
NIBC Bank NV              2.71                USD      71.67
KPNQwest NV               7.13     6/1/2009   EUR       0.56
Lehman Brothers Treasu    7.60    1/31/2013   AUD       1.32
Societe Generale SA       0.50     4/3/2023   RUB      57.31
Barclays Bank PLC         0.50    4/24/2023   MXN      61.20
Rosbank PJSC              0.03    4/30/2024   RUB      60.03
Barclays Bank PLC         0.22    9/30/2025   USD       9.98
Biomed-Lublin Wytworni    7.25    8/14/2018   PLN      30.00
Promnefteservis OOO      10.50   11/21/2019   RUB       0.03
TGC-1 PJSC               14.40    2/14/2022   RUB      69.87
Podkarpacki Bank Spold    4.94    10/6/2021   PLN      36.00
Nikrom Tubular furnitu    7.25    3/20/2017   EUR #N/A N/A
Sistema PJSC FC          10.90   10/31/2025   RUB      60.03
Lehman Brothers Treasu   10.00     1/3/2012   BRL       1.32
Lehman Brothers Treasu    6.00     3/4/2015   USD       1.32
Lehman Brothers Treasu    2.00   11/16/2009   EUR       1.32
HSBC Bank PLC             0.50    12/8/2026   AUD      71.41
HSBC Bank PLC             0.50    1/29/2027   NZD      68.67
HSBC Bank PLC             0.50    5/29/2020   IDR      72.69
Kommunekredit             0.50    2/20/2020   BRL      71.39
Lehman Brothers Treasu    5.00   11/22/2012   EUR       1.32
Bank Nederlandse Gemee    0.50    9/20/2022   ZAR      57.92
Heta Asset Resolution     5.27   12/31/2023   EUR      40.00
Union Technologies Inf    0.10     1/1/2020   EUR       5.30
UBS AG                    9.00     7/3/2017   CHF      61.56
Zurcher Kantonalbank F    5.00    9/26/2016   CHF      59.15
Russian Railways JSC      8.20    9/19/2033   RUB #N/A N/A
Royal Bank of Scotland    1.33   10/26/2018   GBP       1.04
Enemona AD-Kozloduy      10.00    4/28/2017   BGN       0.03
DekaBank Deutsche Giro    9.65    8/22/2016   EUR      73.45
Municipality Finance P    0.50    7/30/2029   AUD      73.31
Lehman Brothers Treasu    4.68   12/12/2045   EUR       1.32
KFW                       0.25    10/6/2036   CAD      39.10
HSBC Bank PLC             0.50    4/11/2023   MXN      63.45
Lehman Brothers Treasu    8.00   12/31/2010   USD       1.32
Cooperatieve Rabobank     0.50    1/31/2033   MXN      28.49
SAir Group                6.25   10/27/2002   CHF      11.00
Podkarpacki Bank Spold    5.04    5/28/2023   PLN #N/A N/A
Bayerische Landesbank     5.00   10/17/2016   EUR      73.38
Barclays Bank PLC         3.38    1/31/2029   USD      74.50
HSBC Bank PLC             0.50   11/25/2025   BRL      39.56
Landesbank Baden-Wuert    3.43    8/26/2016   EUR      46.80
Lehman Brothers Treasu   11.75     3/1/2010   EUR       1.32
Lehman Brothers Treasu    8.00   10/17/2014   EUR       1.32
Lehman Brothers Treasu    7.50     5/2/2017   EUR       1.32
Lehman Brothers Treasu    4.95   10/25/2036   EUR       1.32
Lehman Brothers Treasu    6.72   12/29/2008   EUR       1.32
Immigon Portfolioabbau    0.74    5/20/2025   EUR      53.88
EDOB Abwicklungs AG       7.50     4/1/2012   EUR       0.25
UniCredit Bank AG         3.75    10/2/2020   EUR      53.80
Lehman Brothers Treasu    1.28    11/6/2010   JPY      11.75
Credit Suisse AG/Nassa    6.25    9/26/2016   CHF      53.55
Exane Finance             2.70    9/26/2016   USD      46.07
Societe Generale Effek    5.21     8/8/2016   EUR      69.01
Deutsche Bank AG          5.50   12/20/2016   EUR      73.37
UniCredit Bank AG         4.75    9/22/2016   EUR      42.79
PKVIT OOO                11.00   10/14/2020   RUB      62.46
Kerdos Group SA           8.00   12/15/2017   PLN #N/A N/A
IFK Soyuz OAO            14.00    7/18/2028   RUB      51.31
Polyus Perspectiva OOO   11.00   12/15/2020   RUB      68.00
Bank ZENIT PJSC           8.50    6/14/2024   RUB      60.05
Svensk Exportkredit AB    0.50    6/20/2029   AUD      74.03
Russkiy Mezhdunarodnyi   10.00   11/14/2016   RUB      60.10
Steiermaerkische Bank     1.25                EUR      52.92
Agentstvo po Ipotechno   10.99   10/15/2030   RUB     100.00
BAWAG PSK Versicherung    1.33                EUR      45.05
Lehman Brothers Treasu    7.38    9/20/2008   EUR       1.32
Barclays Bank PLC         0.50    3/13/2023   RUB      57.56
HSBC Bank PLC             0.50     6/9/2023   MXN      62.62
CHC Helicopter SA         9.25   10/15/2020   USD      46.13
Notenstein La Roche Pr    5.50   12/28/2018   CHF      61.56
Bank Julius Baer & Co     4.50   12/16/2016   USD      70.75
Kaupthing ehf             7.13    5/19/2016   USD       0.00
Russian Railways JSC      8.30    5/20/2044   RUB #N/A N/A
Deutsche Bank AG          5.50   12/20/2016   EUR      41.03
Credit Suisse AG/New Y    7.50    6/26/2018   USD      74.90
HPI AG                    4.50    12/1/2016   EUR       2.86
Lehman Brothers Treasu    5.75    6/15/2009   CHF       1.32
Lehman Brothers Treasu    6.00   10/24/2008   EUR       1.32
BNP Paribas SA            0.50   12/20/2018   BRL      74.87
UniCredit Bank AG         3.95    10/7/2019   EUR      66.77
Banque Cantonale Vaudo    6.72    8/19/2016   EUR      76.46
World of Building Tech    7.70    6/25/2019   RUB       0.08
Deutsche Bank AG          5.20    2/22/2017   EUR      69.00
Bashneft PJSC            10.90    4/29/2026   RUB      60.03
Lehman Brothers Treasu    1.68     3/5/2015   EUR       1.32
Lehman Brothers Treasu    6.00    9/20/2011   EUR       1.32
Lehman Brothers Treasu   15.00    3/30/2011   EUR       1.32
Societe Generale SA       0.50     8/4/2021   BRL      60.18
UniCredit Bank Austria    0.20    1/22/2031   EUR      66.13
Lehman Brothers Treasu   11.00   12/20/2017   AUD       1.32
Barclays Bank PLC         0.50    1/28/2033   MXN      29.05
Lloyds Bank PLC           0.50    7/26/2028   MXN      45.84
Rostelecom PJSC          11.70    5/20/2025   RUB      60.03
Kaupthing ehf             7.50    12/5/2014   ISK      17.63
Lehman Brothers Treasu    3.00    6/23/2009   EUR      11.75
Bayerische Landesbank     3.00     3/9/2018   EUR      74.01
RSL Communications PLC   12.00    11/1/2008   USD       0.41
RSL Communications PLC    9.88   11/15/2009   USD       0.41
UBS AG                    7.00   12/22/2017   EUR      53.80
Exane Finance             5.00   12/20/2019   SEK      55.74
Bayerische Landesbank     2.70     8/3/2018   EUR      71.45
Zurcher Kantonalbank F    7.50    8/11/2016   EUR      72.20
Commerzbank AG           12.58    9/22/2016   EUR      44.19
Finans-Avia OOO           8.25    7/31/2022   RUB      62.02
Finans-Avia OOO           0.01    7/31/2027   RUB      14.84
Raiffeisen-Landesbank     5.00     9/2/2024   EUR      69.32
Credit Suisse AG          0.50   12/16/2025   BRL      41.28
Araratbank OJSC           8.00    6/10/2018   USD      25.75
Leonteq Securities AG     6.10    8/12/2016   CHF      70.51
WGZ-Bank AG Westdeutsc    6.50    6/26/2017   EUR      76.64
Rosseti PJSC             11.90     6/9/2025   RUB      60.03
Lehman Brothers Treasu    7.60    3/26/2009   EUR       1.32
Lehman Brothers Treasu    0.80   12/30/2016   EUR       1.32
Nesset Sparebank          2.30                NOK      55.26
Lehman Brothers Treasu    4.15    8/25/2020   EUR       1.32
Lehman Brothers Treasu    3.50    9/29/2017   EUR       1.32
Lehman Brothers Treasu    4.70    3/23/2016   EUR       1.32
Lehman Brothers Treasu    8.00    4/20/2009   EUR       1.32
Lehman Brothers Treasu    6.50    7/24/2026   EUR       1.32
Lehman Brothers Treasu    2.00    6/28/2011   EUR       1.32
Lehman Brothers Treasu   10.00    6/11/2038   JPY       1.32
HSBC Bank PLC             0.50   10/30/2026   NZD      69.48
Credit Agricole Corpor    2.00     7/9/2020   BRL      65.99
UniCredit Bank Austria    0.09    1/24/2031   EUR      65.63
Lehman Brothers Treasu    0.50     7/2/2020   EUR       1.32
Lehman Brothers Treasu   13.50   11/28/2008   USD       1.32
Heta Asset Resolution     0.52   12/31/2023   EUR      39.38
Raiffeisen Centrobank     2.40   12/19/2016   EUR      42.80
Vontobel Financial Pro    5.50   12/23/2016   EUR      74.50
Bulgaria Steel Finance   12.00     5/4/2013   EUR       1.09
UBS AG                    9.25   12/23/2016   EUR      34.65
Credit Suisse AG/Londo    5.00     1/3/2017   CHF      70.09
Bayerische Landesbank     2.70    7/13/2018   EUR      66.82
Banque Cantonale Vaudo    8.05     9/5/2016   CHF      74.46
Credit Suisse AG/Londo    7.00    9/30/2020   USD      10.00
Banque Cantonale Vaudo    7.90   10/16/2017   CHF      69.98
Raiffeisen Centrobank     2.80   11/14/2016   EUR      41.68
Vegarshei Sparebank       5.00                NOK      58.51
Bank J Safra Sarasin A    8.30    1/30/2017   CHF      79.04
Leonteq Securities AG     9.00    12/8/2016   CHF      47.47
Lehman Brothers Treasu    5.50    6/22/2010   USD      11.75
LZMO SA                   8.75   11/22/2016   PLN      16.00
Municipiul Timisoara      0.65    5/15/2026   RON      67.00
Lehman Brothers Treasu    5.00    4/24/2017   EUR       1.32
Lehman Brothers Treasu    4.00    7/20/2012   EUR       1.32
Lehman Brothers Treasu    4.00    7/27/2011   EUR       1.32
Lehman Brothers Treasu    4.25    3/13/2021   EUR       1.32
Lehman Brothers Treasu    6.00    2/19/2023   USD       1.32
Lehman Brothers Treasu    7.60     3/4/2010   NZD       1.32
Lehman Brothers Treasu   12.40    6/12/2009   USD       1.32
Lehman Brothers Treasu    4.05    9/16/2008   EUR       1.32
Lehman Brothers Treasu   10.00   10/23/2008   USD       1.32
Lehman Brothers Treasu    5.00     8/1/2025   EUR       1.32
Cooperatieve Rabobank     0.50   12/29/2027   MXN      44.04
Cooperatieve Rabobank     0.50    8/21/2028   MXN      41.72
Mortgage Agent Absolut    9.20   11/12/2040   RUB      60.00
UniCredit Bank AG         4.10    9/28/2018   EUR      74.50
HSBC Trinkaus & Burkha   11.80    3/24/2017   EUR      73.57
Nuova Banca delle Marc    8.00    6/30/2018   EUR       1.24
Petromena ASA             9.75    5/24/2016   NOK       0.52
Lehman Brothers Treasu    4.35     8/8/2016   SGD       9.63
UBS AG/London            12.00    11/4/2016   CHF      20.97
Landesbank Hessen-Thue    4.00    1/16/2018   EUR      41.52
Leonteq Securities AG    14.40   10/31/2016   CHF      34.86
Landesbank Hessen-Thue    4.00    7/31/2019   EUR      76.41
Zurcher Kantonalbank F    9.00    7/17/2017   EUR      68.76
EFG International Fina    6.21    7/22/2019   EUR      60.07
UniCredit Bank AG         5.10    8/22/2016   EUR      49.40
Leonteq Securities AG    13.00   10/31/2016   USD      62.15
UniCredit Bank AG         6.00   12/22/2016   EUR      64.68
Bayerische Landesbank     2.40    7/20/2018   EUR      53.50
UniCredit Bank AG         8.00    11/7/2016   EUR      47.26
Leonteq Securities AG    10.20    1/26/2017   CHF      50.17
LZMO SA                   8.50    6/30/2017   PLN      40.00
Sistema PJSC FC          12.20    3/12/2018   RUB      60.03
Leonteq Securities AG    11.00    1/19/2017   CHF      60.45
Svensk Exportkredit AB    0.50    6/29/2029   AUD      63.52
Lehman Brothers Treasu    5.50   11/30/2012   CZK       1.32
Lehman Brothers Treasu    5.00   10/24/2008   CHF       1.32
Rosbank PJSC              0.02    4/30/2024   RUB      60.03
Credit Suisse AG/Nassa    8.75     9/9/2016   EUR      76.18
Leonteq Securities AG    13.80     2/1/2017   CHF      67.13
Nuova Banca Popolare d    2.24    5/21/2018   EUR       0.56
Polbrand sp zoo           9.00    10/2/2017   PLN      70.00
Province of Treviso It    0.05   12/31/2034   EUR      65.03
Caisse Federale du Cre    0.70                EUR      43.83
Lehman Brothers Treasu    0.50     6/2/2020   EUR       1.32
Lehman Brothers Treasu    6.00    5/23/2018   CZK       1.32
Lehman Brothers Treasu    6.00   12/30/2017   EUR       1.32
Lehman Brothers Treasu    4.50     3/7/2015   EUR       1.32
Lehman Brothers Treasu    3.00     8/8/2017   EUR       1.32
Lehman Brothers Treasu    3.00    8/15/2017   EUR       1.32
Province of Brescia It    0.25   12/22/2036   EUR      63.48
Lehman Brothers Treasu   10.44   11/22/2008   CHF       1.32
Lehman Brothers Treasu    3.50    9/19/2017   EUR       1.32
Lehman Brothers Treasu    1.75     2/7/2010   EUR       1.51
Lehman Brothers Treasu    2.50   12/15/2011   GBP       1.32
Lehman Brothers Treasu   11.00   12/19/2011   USD       1.32
Lehman Brothers Treasu    5.12    4/30/2027   EUR       1.32
Lehman Brothers Treasu    7.06   12/29/2008   EUR       1.32
Barclays Bank PLC         1.99    12/1/2040   USD      74.34
Lehman Brothers Treasu    6.50    5/16/2015   EUR       1.32
BNP Paribas SA            0.50   11/16/2032   MXN      33.91
Immigon Portfolioabbau    4.78     6/7/2030   EUR      66.25
Lehman Brothers Treasu    4.00     1/4/2011   USD       1.32
Municipality Finance P    0.50    5/31/2022   ZAR      58.67
Lehman Brothers Treasu    2.50    8/23/2012   GBP       1.32
Kaupthing ehf             6.50    10/8/2010   ISK      17.63
Deutsche Bank AG          5.20    9/20/2016   EUR      63.40
Deutsche Bank AG          5.20    9/20/2016   EUR      52.10
Bayerische Landesbank     2.70     7/6/2018   EUR      63.69
HSBC Trinkaus & Burkha    5.00    1/30/2018   EUR      69.91
DekaBank Deutsche Giro    3.15     2/3/2017   EUR      68.46
Bayerische Landesbank     2.60   10/19/2018   EUR      61.50
Leonteq Securities AG     3.50    4/10/2018   EUR      52.14
Bayerische Landesbank     3.10    11/4/2016   EUR      66.55
Vontobel Financial Pro    8.00    6/23/2017   EUR      70.50
Nuova Banca delle Marc    7.20    6/30/2018   EUR       1.24
Bank Julius Baer & Co     4.75   10/10/2016   CHF      53.25
Credit Suisse AG/Nassa    5.00    8/12/2016   CHF      66.53
Norddeutsche Landesban    3.75     9/2/2016   EUR      71.35
DZ Bank AG Deutsche Ze    6.60   12/23/2016   EUR      73.18
Bank J Safra Sarasin A    6.40    5/29/2017   CHF      71.51
Nutritek International    8.75   12/11/2008   USD       2.00
Driver & Bengsch AG       8.50   12/31/2027   EUR       0.00
Bank J Safra Sarasin A    8.30   11/11/2016   CHF      66.94
UBS AG/London             6.10   11/25/2016   EUR      54.45
Bank Julius Baer & Co     8.35   12/15/2016   CHF      69.55
Credit Suisse AG/Londo    7.80    7/31/2020   USD       8.91
Leonteq Securities AG    10.20   10/24/2016   USD      74.05
Lehman Brothers Treasu    4.20    12/3/2008   HKD       9.63
Bayerische Landesbank     3.10    8/10/2018   EUR      74.35
Mortgage Agent MTSB 1    10.50   11/26/2041   RUB      60.00
DZ Bank AG Deutsche Ze    8.50    8/26/2016   EUR      56.51
Raiffeisen Centrobank     9.50    7/13/2017   EUR      71.13
Bayerische Landesbank     2.70    6/22/2018   EUR      68.08
Bank J Safra Sarasin A    8.00     5/4/2017   CHF      64.59
Nota-Bank OJSC           13.50     4/1/2016   RUB      31.50
Commerzbank AG            9.50    9/22/2016   EUR      73.89
Bayerische Landesbank     2.70    7/27/2018   EUR      67.73
ECM Real Estate Invest    5.00    10/9/2011   EUR      10.38
Vontobel Financial Pro    6.15   12/23/2016   EUR      41.69
Leonteq Securities AG    16.20   11/21/2016   CHF      56.96
Lehman Brothers Treasu    4.60   10/11/2017   ILS      11.75
BNP Paribas Emissions-   27.00   12/21/2017   EUR      67.97
Lehman Brothers Treasu    0.50   12/20/2017   AUD       9.63
Kristensen Germany AG     7.00   12/31/2016   DKK       2.75
BNP Paribas Arbitrage     6.55    3/28/2025   EUR      71.18
Kommunekredit             0.50   12/14/2020   ZAR      68.99
KPNQwest NV               7.13     6/1/2009   EUR       0.56
Lehman Brothers Treasu    7.50    6/15/2017   USD       1.32
Lehman Brothers Treasu    4.00    2/28/2010   EUR       1.32
Haltdalen Sparebank       2.28                NOK      55.34
Lehman Brothers Treasu    5.00    12/6/2011   EUR       1.32
Lehman Brothers Treasu    0.50    2/16/2009   EUR       1.32
Lehman Brothers Treasu    2.37    7/15/2013   USD       1.32
Lehman Brothers Treasu    6.60     2/9/2009   EUR       1.32
Lehman Brothers Treasu    4.69    2/19/2017   EUR       1.32
Lehman Brothers Treasu    5.20    3/19/2018   EUR       1.32
Lehman Brothers Treasu    5.10    6/22/2046   EUR       1.32
Lehman Brothers Treasu    6.30   12/21/2018   USD       0.79
Lehman Brothers Treasu    5.25   11/21/2009   USD       1.32
Lehman Brothers Treasu    3.40    3/19/2018   JPY       1.32
Societe Generale SA       0.50    6/12/2023   RUB      56.16
HSBC Bank PLC             0.50    12/8/2020   BRL      64.26
SpareBank 1 Noetteroey    8.25                NOK      73.74
Credit Agricole Corpor    0.50     3/6/2023   RUB      57.35
Espirito Santo Financi    5.63    7/28/2017   EUR       1.45
Kommunekredit             0.50    9/19/2019   BRL      74.11
Russian Railways JSC      8.30   10/11/2038   RUB #N/A N/A
Gold-Zack AG              7.00   12/14/2005   EUR      12.51
Deutsche Bank AG          5.20    6/20/2017   EUR      62.90
Araratbank OJSC           7.25    6/27/2018   USD      25.32
Lehman Brothers Treasu    4.10    6/10/2014   SGD       9.63
Leonteq Securities AG     9.40   10/24/2016   EUR      63.57
Leonteq Securities AG    15.00    11/7/2016   CHF      26.28
Credit Suisse AG/Nassa    6.00    12/2/2016   EUR      56.04
Northland Resources AB   15.00    7/15/2019   USD       0.01
Credit Suisse AG/Nassa    6.38    6/12/2017   EUR      60.26
Societe Generale SA       9.50    5/21/2018   USD      48.01
Leonteq Securities AG/   29.61   10/26/2017   EUR       9.97
Landesbank Hessen-Thue    4.30    8/15/2016   EUR      46.00
Bank VTB 24 JSC           9.00     9/1/2044   RUB #N/A N/A
EFG International Fina    6.26     5/7/2018   EUR      60.45
Credit Suisse AG/Nassa    7.25    7/13/2017   CHF      55.68
Erste Group Bank AG       5.80    7/27/2020   EUR      70.71
MirLand Development Co    6.50    8/15/2016   ILS      27.00
Property Lease Fund SA    9.00    9/17/2016   PLN      13.10
UniCredit Bank AG         4.10    10/1/2020   EUR      65.63
DZ Bank AG Deutsche Ze   10.00   12/23/2016   EUR      74.77
HSBC Trinkaus & Burkha    5.00    4/28/2017   EUR      57.32
BNP Paribas Emissions-   19.00    6/22/2017   EUR      48.60
BNP Paribas Emissions-   12.00   12/21/2017   EUR      68.66
Bank ZENIT PJSC          11.00   11/20/2025   RUB      60.05
Lehman Brothers Treasu    3.82   10/20/2009   USD       1.32
Lehman Brothers Treasu    4.50    7/24/2014   EUR       1.32
Lehman Brothers Treasu    0.25    7/21/2014   EUR       1.32
Lehman Brothers Treasu    4.10    8/23/2010   USD       1.32
Societe Generale SA       0.50    4/30/2023   RUB      56.74
Lehman Brothers Treasu    5.50    6/15/2009   CHF       1.32
Deutsche Bank AG          5.20    9/20/2016   EUR      54.40
Deutsche Bank AG          5.20   12/20/2016   EUR      69.10
Landesbank Baden-Wuert    2.50   10/28/2016   EUR      53.88
Credit Suisse AG/Nassa    7.13    9/13/2016   CHF      59.34
Landesbank Hessen-Thue    6.20    7/24/2020   EUR      65.08
Credit Suisse AG/Nassa    8.05    9/27/2016   CHF      63.27
Vontobel Financial Pro    4.00    11/9/2017   EUR      57.89
Commerzbank AG            4.00    7/19/2017   EUR      42.70
UBS AG                   11.50    9/23/2016   EUR      55.69
Landesbank Baden-Wuert    3.25    1/26/2018   EUR      48.09
ECA                       2.50     1/1/2018   EUR      12.37
Deutsche Bank AG          7.50   12/20/2016   EUR      53.76
SG Issuer SA              6.65   10/10/2021   EUR      63.37
BNP Paribas Emissions-    5.00   12/22/2016   EUR      55.80
SAir Group                2.75    7/30/2004   CHF      11.00
Goldman Sachs & Co Wer   12.00   12/20/2017   EUR      60.60
Vontobel Financial Pro   20.50    3/24/2017   EUR      76.07
Vontobel Financial Pro   25.00     9/9/2016   EUR      71.88
Commerzbank AG            7.50    3/23/2017   EUR      77.44
Commerzbank AG            9.50    3/23/2017   EUR      73.47
DZ Bank AG Deutsche Ze    7.50   12/19/2016   EUR      75.81
UBS AG/London            10.40    8/11/2017   EUR      64.04
Commerzbank AG           11.75    3/23/2017   EUR      69.92
Commerzbank AG           14.00    3/23/2017   EUR      66.79
Commerzbank AG           16.75    3/23/2017   EUR      64.44
Commerzbank AG           11.25    3/23/2017   EUR      76.88
Landesbank Baden-Wuert    9.00   10/28/2016   EUR      64.81
Goldman Sachs & Co Wer   17.00   12/20/2017   EUR      75.82
Goldman Sachs & Co Wer   21.00    4/26/2017   EUR      74.00
Vontobel Financial Pro   15.00    3/24/2017   EUR      74.74
Bank Julius Baer & Co     7.60     3/8/2017   CHF      68.35
UBS AG/London            10.00    3/16/2017   CHF      38.28
Bank Julius Baer & Co    11.10   11/23/2016   CHF      69.20
Goldman Sachs & Co Wer   23.00    2/22/2017   EUR      72.10
Goldman Sachs & Co Wer   22.00    3/22/2017   EUR      73.22
Goldman Sachs & Co Wer   21.00    4/26/2017   EUR      73.19
Goldman Sachs & Co Wer   22.00    3/22/2017   EUR      75.09
HSBC Trinkaus & Burkha    6.00    6/23/2017   EUR      70.48
Goldman Sachs & Co Wer   20.00    4/26/2017   EUR      73.75
Goldman Sachs & Co Wer   23.00    6/21/2017   EUR      72.47
Goldman Sachs & Co Wer   20.00    9/20/2017   EUR      74.86
Goldman Sachs & Co Wer   22.00    3/22/2017   EUR      72.67
Goldman Sachs & Co Wer   19.00    4/26/2017   EUR      75.53
DZ Bank AG Deutsche Ze    9.70    3/20/2017   EUR      75.68
DZ Bank AG Deutsche Ze   10.40    6/19/2017   EUR      76.01
Vontobel Financial Pro   15.00    3/24/2017   EUR      76.23
Vontobel Financial Pro   10.00    3/24/2017   EUR      75.65
Societe Generale Effek   19.62    3/24/2017   EUR      73.70
Societe Generale Effek   23.02    6/23/2017   EUR      74.04
Societe Generale Effek   16.52   12/23/2016   EUR      72.37
HSBC Trinkaus & Burkha   17.20    9/23/2016   EUR      76.15
Societe Generale Effek   19.51   12/23/2016   EUR      69.64
Societe Generale Effek   14.61   12/23/2016   EUR      74.95
Societe Generale Effek   20.75    6/23/2017   EUR      76.01
Vontobel Financial Pro   21.00   12/23/2016   EUR      74.94
Vontobel Financial Pro   20.00    3/24/2017   EUR      75.68
Societe Generale Effek   15.53   12/23/2016   EUR      73.07
Societe Generale Effek   17.08    3/24/2017   EUR      75.46
Societe Generale Effek   16.37   12/23/2016   EUR      73.81
Commerzbank AG           14.00    1/26/2017   EUR      76.12
Lehman Brothers Treasu    7.50    9/13/2009   CHF       1.32
Lehman Brothers Treasu    8.05   12/20/2010   HKD       1.32
Lehman Brothers Treasu   16.00    10/8/2008   CHF       1.32
Lehman Brothers Treasu    4.50     3/6/2013   CHF       1.32
Lehman Brothers Treasu    4.00    4/24/2009   USD       1.32
Lehman Brothers Treasu    9.00    6/13/2009   USD       1.32
Lehman Brothers Treasu   11.00    2/16/2009   CHF       1.32
Lehman Brothers Treasu   11.00    6/29/2009   EUR       1.32
Lehman Brothers Treasu    1.50   10/25/2011   EUR       1.32
Sparebanken Vest Bolig    4.68                NOK      54.88
Municipality Finance P    0.50   12/15/2020   BRL      65.39
Banca di Credito Coope    2.25    2/10/2025   EUR      74.50
Credito Cooperativo In    1.75     2/4/2025   EUR      73.13
Melhus Sparebank          2.62    9/16/2024   NOK      66.60
Goldman Sachs & Co Wer   16.00    8/24/2016   EUR      67.64
Goldman Sachs & Co Wer   16.00    8/24/2016   EUR      67.64
Goldman Sachs & Co Wer   14.00   10/26/2016   EUR      69.77
Goldman Sachs & Co Wer   13.00   11/23/2016   EUR      70.49
Goldman Sachs & Co Wer   13.00   11/23/2016   EUR      70.49
Goldman Sachs & Co Wer    9.00   12/21/2016   EUR      69.74
Goldman Sachs & Co Wer   10.00    1/25/2017   EUR      64.20
Goldman Sachs & Co Wer   12.00    1/25/2017   EUR      71.88
Goldman Sachs & Co Wer    7.00    2/22/2017   EUR      69.57
Goldman Sachs & Co Wer    8.00    2/22/2017   EUR      70.16
Goldman Sachs & Co Wer   12.00    2/22/2017   EUR      72.58
Goldman Sachs & Co Wer   11.00    6/21/2017   EUR      73.28
Goldman Sachs & Co Wer   11.00    6/21/2017   EUR      73.28
Goldman Sachs & Co Wer    8.00    9/21/2016   EUR      61.01
Goldman Sachs & Co Wer    6.00   12/20/2017   EUR      65.94
Goldman Sachs & Co Wer    6.00    2/22/2017   EUR      62.78
Vontobel Financial Pro    4.50    9/23/2016   EUR      70.07
Vontobel Financial Pro    6.05    3/24/2017   EUR      65.84
Vontobel Financial Pro    7.50    3/24/2017   EUR      63.75
Vontobel Financial Pro    5.50   12/23/2016   EUR      67.62
Goldman Sachs & Co Wer   16.00    8/24/2016   EUR      59.93
Goldman Sachs & Co Wer   19.00   11/23/2016   EUR      59.27
Goldman Sachs & Co Wer   17.00    1/25/2017   EUR      61.68
Goldman Sachs & Co Wer   22.00    1/25/2017   EUR      58.87
Goldman Sachs & Co Wer   20.00    2/22/2017   EUR      59.50
Goldman Sachs & Co Wer   14.00    6/21/2017   EUR      64.67
Goldman Sachs & Co Wer   17.00    6/21/2017   EUR      62.57
Goldman Sachs & Co Wer    9.00   12/20/2017   EUR      70.34
Goldman Sachs & Co Wer    9.00   12/20/2017   EUR      71.50
Goldman Sachs & Co Wer   14.00   12/20/2017   EUR      67.19
Goldman Sachs & Co Wer    7.00   10/26/2016   EUR      67.16
Goldman Sachs & Co Wer   10.00    1/25/2017   EUR      60.97
Goldman Sachs & Co Wer    4.00    2/22/2017   EUR      75.08
Goldman Sachs & Co Wer    6.00    2/22/2017   EUR      68.72
Goldman Sachs & Co Wer   10.00    2/22/2017   EUR      61.74
Goldman Sachs & Co Wer   19.00    2/22/2017   EUR      55.74
Goldman Sachs & Co Wer   10.00    3/22/2017   EUR      62.51
Goldman Sachs & Co Wer    8.00    9/20/2017   EUR      64.94
Goldman Sachs & Co Wer    5.00   12/20/2017   EUR      70.52
Goldman Sachs & Co Wer   14.00    2/22/2017   EUR      72.98
Zurcher Kantonalbank F   11.25    4/26/2017   CHF      72.73
Vontobel Financial Pro   19.10    3/24/2017   EUR      68.65
Vontobel Financial Pro   12.00    3/24/2017   EUR      74.59
Vontobel Financial Pro   14.00    3/24/2017   EUR      72.44
Vontobel Financial Pro   15.00    3/24/2017   EUR      71.46
Vontobel Financial Pro   16.00    3/24/2017   EUR      70.55
Vontobel Financial Pro   17.00    3/24/2017   EUR      69.72
DZ Bank AG Deutsche Ze    6.00    3/24/2017   EUR      76.69
DZ Bank AG Deutsche Ze   10.00    6/19/2017   EUR      76.05
Vontobel Financial Pro   12.00   12/23/2016   EUR      75.49
Vontobel Financial Pro   10.00    3/24/2017   EUR      77.03
Vontobel Financial Pro   17.00    3/24/2017   EUR      73.79
Bank Julius Baer & Co    21.20    9/15/2016   CHF      72.70
Vontobel Financial Pro   13.50   12/23/2016   EUR      76.05
Vontobel Financial Pro   16.50    3/24/2017   EUR      73.56
Vontobel Financial Pro   20.60   12/23/2016   EUR      70.95
Vontobel Financial Pro   21.00   12/23/2016   EUR      67.64
Podkarpacki Bank Spold    5.74   10/24/2024   PLN      45.00
Deutsche Bank AG          3.20    9/20/2016   EUR      74.00
Deutsche Bank AG          5.20    9/20/2016   EUR      74.30
Deutsche Bank AG          7.20    9/20/2016   EUR      74.50
Deutsche Bank AG          3.20    9/20/2016   EUR      69.70
Deutsche Bank AG          5.20    9/20/2016   EUR      70.00
Deutsche Bank AG          7.20    9/20/2016   EUR      70.20
Deutsche Bank AG          3.20   12/20/2016   EUR      74.30
Deutsche Bank AG          5.20   12/20/2016   EUR      75.00
Deutsche Bank AG          7.20   12/20/2016   EUR      75.80
Deutsche Bank AG          5.20   12/20/2016   EUR      71.00
Deutsche Bank AG          3.20   12/20/2016   EUR      70.20
Deutsche Bank AG          7.20   12/20/2016   EUR      71.80
Deutsche Bank AG          5.20    3/21/2017   EUR      75.50
Deutsche Bank AG          3.20    3/21/2017   EUR      74.30
Deutsche Bank AG          7.20    3/21/2017   EUR      76.80
Deutsche Bank AG          3.20    3/21/2017   EUR      70.50
Deutsche Bank AG          7.20    3/21/2017   EUR      73.10
Deutsche Bank AG          5.20    3/21/2017   EUR      71.80
Deutsche Bank AG          5.20    6/20/2017   EUR      75.60
Deutsche Bank AG          5.20    6/20/2017   EUR      72.20
Deutsche Bank AG          3.20    6/20/2017   EUR      70.40
Deutsche Bank AG          7.20    6/20/2017   EUR      73.90
Deutsche Bank AG          3.20    6/20/2017   EUR      73.90
Deutsche Bank AG          9.20    9/20/2016   EUR      74.80
Deutsche Bank AG          9.20    9/20/2016   EUR      70.50
Deutsche Bank AG          9.20   12/20/2016   EUR      76.50
Deutsche Bank AG          9.20   12/20/2016   EUR      72.50
Deutsche Bank AG          9.20    3/21/2017   EUR      74.30
Deutsche Bank AG          9.20    9/20/2016   EUR      72.90
Deutsche Bank AG          9.20   12/20/2016   EUR      74.60
Deutsche Bank AG          9.20    3/21/2017   EUR      76.10
Deutsche Bank AG          9.20    9/20/2016   EUR      76.10
Deutsche Bank AG          3.20    9/20/2016   EUR      75.30
Deutsche Bank AG          3.20   12/20/2016   EUR      75.90
Deutsche Bank AG          3.20    6/20/2017   EUR      74.60
Bank Julius Baer & Co     6.80     2/9/2017   CHF      68.25
Bank Julius Baer & Co     9.40     2/9/2017   CHF      57.35
DZ Bank AG Deutsche Ze   10.00    3/24/2017   EUR      76.46
DZ Bank AG Deutsche Ze   11.00   12/23/2016   EUR      77.08
DZ Bank AG Deutsche Ze   15.25    9/23/2016   EUR      75.15
DZ Bank AG Deutsche Ze   12.25    2/24/2017   EUR      75.84
DZ Bank AG Deutsche Ze   10.00    3/24/2017   EUR      78.19
UniCredit Bank AG         5.00   12/22/2016   EUR      73.33
UniCredit Bank AG         4.50   12/22/2016   EUR      75.44
UniCredit Bank AG         4.25   12/22/2016   EUR      76.13
DZ Bank AG Deutsche Ze   10.50   12/19/2016   EUR      73.34
DZ Bank AG Deutsche Ze    8.50    3/20/2017   EUR      76.62
DZ Bank AG Deutsche Ze    9.25    3/20/2017   EUR      74.50
DZ Bank AG Deutsche Ze   10.25   12/19/2016   EUR      77.64
DZ Bank AG Deutsche Ze    9.00    3/20/2017   EUR      77.10
Vontobel Financial Pro   11.00    12/9/2016   EUR      72.89
Zurcher Kantonalbank F    6.02     9/2/2016   CHF      62.80
Leonteq Securities AG    10.00    12/8/2016   CHF      75.29
Commerzbank AG            7.25    8/25/2016   EUR      53.88
Commerzbank AG            9.75    8/25/2016   EUR      50.69
Commerzbank AG           10.25    8/25/2016   EUR      49.98
Commerzbank AG            7.75    8/25/2016   EUR      43.97
Commerzbank AG            8.50    8/25/2016   EUR      43.12
Commerzbank AG            4.50    8/25/2016   EUR      67.34
Commerzbank AG            5.25    8/25/2016   EUR      65.34
Commerzbank AG            6.00    8/25/2016   EUR      63.46
Commerzbank AG            7.00    8/25/2016   EUR      61.69
Commerzbank AG            7.75    8/25/2016   EUR      60.02
Commerzbank AG           11.50    8/25/2016   EUR      54.21
Commerzbank AG            8.00    8/25/2016   EUR      73.88
Commerzbank AG            9.00    8/25/2016   EUR      72.46
Commerzbank AG            7.50    8/25/2016   EUR      75.41
Commerzbank AG            9.75    8/25/2016   EUR      71.75
Commerzbank AG           12.25    8/25/2016   EUR      75.15
Commerzbank AG            8.75    8/25/2016   EUR      65.62
Commerzbank AG           12.75    8/25/2016   EUR      59.26
Commerzbank AG            9.00    8/25/2016   EUR      75.19
Commerzbank AG           10.00    8/25/2016   EUR      73.31
Commerzbank AG           11.00    8/25/2016   EUR      71.52
Commerzbank AG           13.75    8/25/2016   EUR      53.35
Vontobel Financial Pro    6.00   12/23/2016   EUR      75.76
Vontobel Financial Pro    4.50   12/23/2016   EUR      72.61
Vontobel Financial Pro   10.15   12/23/2016   EUR      64.60
Goldman Sachs & Co Wer   21.00    8/24/2016   EUR      70.77
Goldman Sachs & Co Wer   20.00    9/21/2016   EUR      71.94
Goldman Sachs & Co Wer   21.00    8/24/2016   EUR      35.12
Goldman Sachs & Co Wer   21.00    8/24/2016   EUR      66.89
Goldman Sachs & Co Wer   16.00   12/21/2016   EUR      72.32
Commerzbank AG            5.75    8/25/2016   EUR      56.56
HSBC Trinkaus & Burkha   12.60    9/23/2016   EUR      75.17
UBS AG/London             7.50    8/26/2016   CHF      68.65
Vontobel Financial Pro   10.65    9/23/2016   EUR      64.93
DZ Bank AG Deutsche Ze    8.20   12/19/2016   EUR      66.89
DZ Bank AG Deutsche Ze    8.80   12/19/2016   EUR      65.07
Vontobel Financial Pro    6.15    8/26/2016   EUR      54.60
Zurcher Kantonalbank F    7.30     9/8/2016   CHF      51.82
Vontobel Financial Pro    7.00    9/23/2016   EUR      74.45
Bank Julius Baer & Co     6.40     9/8/2016   CHF      45.10
Bank Julius Baer & Co     6.40     9/8/2016   CHF      69.65
DZ Bank AG Deutsche Ze    9.50    9/23/2016   EUR      48.38
DZ Bank AG Deutsche Ze    9.50    9/23/2016   EUR      56.48
DZ Bank AG Deutsche Ze    3.60    9/15/2017   EUR      56.54
UniCredit Bank AG         4.25   12/22/2016   EUR      61.89
UniCredit Bank AG         4.00   12/22/2016   EUR      62.45
UniCredit Bank AG         5.00    9/22/2016   EUR      57.35
Commerzbank AG            7.75    8/25/2016   EUR      53.02
Commerzbank AG            9.00    8/25/2016   EUR      51.47
Commerzbank AG            6.00    8/25/2016   EUR      45.78
Commerzbank AG            6.50    8/25/2016   EUR      45.32
Commerzbank AG            7.25    8/25/2016   EUR      44.42
Commerzbank AG            8.00    8/25/2016   EUR      43.53
Commerzbank AG            9.00    8/25/2016   EUR      42.70
Commerzbank AG            9.25    8/25/2016   EUR      42.29
Commerzbank AG            8.75    8/25/2016   EUR      58.45
Commerzbank AG            9.50    8/25/2016   EUR      56.96
Commerzbank AG           10.50    8/25/2016   EUR      55.56
Commerzbank AG            6.25    8/25/2016   EUR      76.94
Commerzbank AG            7.25    8/25/2016   EUR      75.39
Commerzbank AG            6.50    8/25/2016   EUR      77.39
Commerzbank AG            8.50    8/25/2016   EUR      73.53
Commerzbank AG           15.75    8/25/2016   EUR      70.89
Commerzbank AG           10.75    8/25/2016   EUR      62.27
Commerzbank AG            6.25    8/25/2016   EUR      66.23
Commerzbank AG            9.75    8/25/2016   EUR      59.04
Notenstein La Roche Pr    6.80   11/28/2016   CHF      70.04
Vontobel Financial Pro    6.35     9/9/2016   EUR      72.74
Vontobel Financial Pro    8.50   12/23/2016   EUR      70.39
Vontobel Financial Pro   12.50    9/23/2016   EUR      64.57
Vontobel Financial Pro   10.50   12/23/2016   EUR      67.03
Vontobel Financial Pro    4.00    9/23/2016   EUR      73.93
Goldman Sachs & Co Wer   16.00   12/21/2016   EUR      69.73
Goldman Sachs & Co Wer   16.00    8/24/2016   EUR      44.60
Goldman Sachs & Co Wer   21.00    8/24/2016   EUR      41.35
Goldman Sachs & Co Wer    9.00    9/21/2016   EUR      72.39
Goldman Sachs & Co Wer   11.00    9/21/2016   EUR      72.74
Goldman Sachs & Co Wer    8.00    8/24/2016   EUR      69.19
Goldman Sachs & Co Wer    7.00   12/21/2016   EUR      70.95
Commerzbank AG            6.75    8/25/2016   EUR      54.73
Credit Suisse AG/Londo    7.00    8/25/2016   CHF      66.25
HSBC Trinkaus & Burkha    8.00    9/23/2016   EUR      76.59
HSBC Trinkaus & Burkha    9.00    9/23/2016   EUR      74.83
HSBC Trinkaus & Burkha    8.80    9/23/2016   EUR      50.19
HSBC Trinkaus & Burkha    8.10    9/23/2016   EUR      43.35
HSBC Trinkaus & Burkha    7.30    9/23/2016   EUR      73.52
HSBC Trinkaus & Burkha    8.10    9/23/2016   EUR      73.35
Notenstein La Roche Pr    7.00     9/7/2016   CHF      73.85
Vontobel Financial Pro    8.20    9/23/2016   EUR      68.98
Vontobel Financial Pro   10.00    9/23/2016   EUR      68.26
DZ Bank AG Deutsche Ze    5.50   12/19/2016   EUR      54.18
DZ Bank AG Deutsche Ze    6.50   12/19/2016   EUR      52.76
DZ Bank AG Deutsche Ze    7.20   12/19/2016   EUR      51.48
DZ Bank AG Deutsche Ze    8.80    9/19/2016   EUR      65.14
DZ Bank AG Deutsche Ze   10.00    9/19/2016   EUR      63.19
DZ Bank AG Deutsche Ze    9.00   12/23/2016   EUR      50.57
DZ Bank AG Deutsche Ze    9.50   12/23/2016   EUR      60.19
UniCredit Bank AG         5.00    9/22/2016   EUR      49.85
UniCredit Bank AG         6.00    9/22/2016   EUR      54.64
UniCredit Bank AG         4.25   12/22/2016   EUR      52.97
UniCredit Bank AG         4.00   12/22/2016   EUR      54.01
DZ Bank AG Deutsche Ze    5.75   12/23/2016   EUR      73.60
DZ Bank AG Deutsche Ze    4.70    8/24/2016   EUR      42.66
DZ Bank AG Deutsche Ze    5.00    9/23/2016   EUR      76.54
DZ Bank AG Deutsche Ze    5.75   12/23/2016   EUR      42.25
Banque Cantonale Vaudo    8.25    8/17/2016   EUR      72.15
Vontobel Financial Pro    6.25    12/2/2016   EUR      74.93
Vontobel Financial Pro    5.10    12/2/2016   EUR      66.71
Vontobel Financial Pro    6.20    8/26/2016   EUR      72.32
Vontobel Financial Pro    7.85    8/26/2016   EUR      73.10
Vontobel Financial Pro    5.45    8/26/2016   EUR      69.32
Deutsche Bank AG          4.20    9/20/2016   EUR      54.40
Deutsche Bank AG          6.20    9/20/2016   EUR      54.60
Deutsche Bank AG          5.20    9/20/2016   EUR      54.50
Deutsche Bank AG          5.20   12/20/2016   EUR      55.80
Deutsche Bank AG          6.20   12/20/2016   EUR      56.20
Deutsche Bank AG          4.20   12/20/2016   EUR      55.40
Deutsche Bank AG          6.20    9/20/2016   EUR      46.10
Deutsche Bank AG          6.20    9/20/2016   EUR      44.40
Deutsche Bank AG          4.20    9/20/2016   EUR      44.20
Deutsche Bank AG          4.20   12/20/2016   EUR      45.30
Deutsche Bank AG          4.20    9/20/2016   EUR      73.20
Deutsche Bank AG          5.20    9/20/2016   EUR      73.40
Deutsche Bank AG          6.20    9/20/2016   EUR      73.50
Deutsche Bank AG          5.20    9/20/2016   EUR      69.30
Deutsche Bank AG          4.20    9/20/2016   EUR      69.20
Deutsche Bank AG          6.20    9/20/2016   EUR      69.50
Deutsche Bank AG          5.20   12/20/2016   EUR      74.50
Deutsche Bank AG          6.20   12/20/2016   EUR      74.90
Deutsche Bank AG          4.20   12/20/2016   EUR      74.10
Deutsche Bank AG          5.20   12/20/2016   EUR      70.60
Deutsche Bank AG          6.20   12/20/2016   EUR      70.90
Deutsche Bank AG          4.20   12/20/2016   EUR      70.20
Deutsche Bank AG          5.20    3/21/2017   EUR      76.70
Deutsche Bank AG          5.20    3/21/2017   EUR      57.00
Deutsche Bank AG          7.20    3/21/2017   EUR      58.30
Deutsche Bank AG          7.20    3/21/2017   EUR      53.50
Deutsche Bank AG          5.20    3/21/2017   EUR      52.20
Deutsche Bank AG          5.20    3/21/2017   EUR      48.60
Deutsche Bank AG          7.20    3/21/2017   EUR      49.90
Deutsche Bank AG          5.20    3/21/2017   EUR      47.00
Deutsche Bank AG          7.20    3/21/2017   EUR      48.20
Deutsche Bank AG          7.20    3/21/2017   EUR      46.70
Deutsche Bank AG          5.20    3/21/2017   EUR      45.40
Deutsche Bank AG          7.20    3/21/2017   EUR      45.20
Deutsche Bank AG          5.20    3/21/2017   EUR      44.00
Deutsche Bank AG          5.20    3/21/2017   EUR      42.60
Deutsche Bank AG          7.20    3/21/2017   EUR      43.90
Deutsche Bank AG          7.20    3/21/2017   EUR      76.70
Deutsche Bank AG          5.20    3/21/2017   EUR      75.40
Deutsche Bank AG          5.20    3/21/2017   EUR      71.70
Deutsche Bank AG          7.20    3/21/2017   EUR      72.90
Deutsche Bank AG          7.20    8/24/2016   EUR      74.10
Deutsche Bank AG          7.20   10/26/2016   EUR      75.30
Deutsche Bank AG          5.20   10/26/2016   EUR      74.90
Deutsche Bank AG          5.20   11/23/2016   EUR      75.20
Deutsche Bank AG          7.20   11/23/2016   EUR      75.80
Deutsche Bank AG          5.20    8/24/2016   EUR      54.10
Deutsche Bank AG          7.20    8/24/2016   EUR      54.20
Deutsche Bank AG          7.20    8/24/2016   EUR      49.30
Deutsche Bank AG          7.20   10/26/2016   EUR      55.50
Deutsche Bank AG          5.20   10/26/2016   EUR      55.00
Deutsche Bank AG          5.20   10/26/2016   EUR      50.10
Deutsche Bank AG          7.20   10/26/2016   EUR      50.60
Deutsche Bank AG          5.20   11/23/2016   EUR      55.40
Deutsche Bank AG          7.20   11/23/2016   EUR      56.00
Deutsche Bank AG          7.20   11/23/2016   EUR      51.10
Deutsche Bank AG          5.20   11/23/2016   EUR      50.50
Deutsche Bank AG          7.20    8/24/2016   EUR      76.60
Deutsche Bank AG          7.20    8/24/2016   EUR      45.70
Deutsche Bank AG          7.20    8/24/2016   EUR      44.00
Deutsche Bank AG          7.20    8/24/2016   EUR      42.50
Deutsche Bank AG          7.20    8/24/2016   EUR      41.00
Deutsche Bank AG          7.20    8/24/2016   EUR      39.70
Deutsche Bank AG          5.20   10/26/2016   EUR      46.50
Deutsche Bank AG          7.20   10/26/2016   EUR      47.00
Deutsche Bank AG          7.20   10/26/2016   EUR      45.30
Deutsche Bank AG          5.20   10/26/2016   EUR      44.80
Deutsche Bank AG          7.20   10/26/2016   EUR      43.70
Deutsche Bank AG          5.20   10/26/2016   EUR      43.30
Deutsche Bank AG          7.20   10/26/2016   EUR      42.30
Deutsche Bank AG          5.20   10/26/2016   EUR      41.80
Deutsche Bank AG          5.20   10/26/2016   EUR      40.50
Deutsche Bank AG          7.20   10/26/2016   EUR      40.90
Deutsche Bank AG          7.20   11/23/2016   EUR      47.50
Deutsche Bank AG          5.20   11/23/2016   EUR      46.90
Deutsche Bank AG          5.20   11/23/2016   EUR      45.20
Deutsche Bank AG          7.20   11/23/2016   EUR      45.80
Deutsche Bank AG          5.20   11/23/2016   EUR      43.70
Deutsche Bank AG          7.20   11/23/2016   EUR      44.30
Deutsche Bank AG          5.20   11/23/2016   EUR      42.20
Deutsche Bank AG          7.20   11/23/2016   EUR      42.80
Deutsche Bank AG          7.20   11/23/2016   EUR      41.50
Deutsche Bank AG          5.20   11/23/2016   EUR      40.90
Deutsche Bank AG          5.20    8/24/2016   EUR      77.60
Deutsche Bank AG          5.20    8/24/2016   EUR      73.00
Deutsche Bank AG          7.20    8/24/2016   EUR      73.10
Deutsche Bank AG          7.20    8/24/2016   EUR      69.10
Deutsche Bank AG          5.20    8/24/2016   EUR      69.00
Deutsche Bank AG          5.20   10/26/2016   EUR      73.80
Deutsche Bank AG          7.20   10/26/2016   EUR      74.30
Deutsche Bank AG          5.20   10/26/2016   EUR      69.80
Deutsche Bank AG          7.20   10/26/2016   EUR      70.30
Deutsche Bank AG          5.20   11/23/2016   EUR      74.20
Deutsche Bank AG          7.20   11/23/2016   EUR      74.80
Deutsche Bank AG          7.20   11/23/2016   EUR      70.80
Deutsche Bank AG          5.20   11/23/2016   EUR      70.20
DZ Bank AG Deutsche Ze    5.10    9/19/2016   EUR      75.16
DZ Bank AG Deutsche Ze    6.00    9/19/2016   EUR      62.27
DZ Bank AG Deutsche Ze    6.75    9/19/2016   EUR      62.36
Notenstein La Roche Pr    6.34    8/19/2016   CHF      69.17
Vontobel Financial Pro    5.00   12/23/2016   EUR      47.33
Vontobel Financial Pro    5.00   12/23/2016   EUR      55.72
Vontobel Financial Pro   13.40   12/23/2016   EUR      46.42
Vontobel Financial Pro    7.60   12/23/2016   EUR      49.49
Vontobel Financial Pro    5.45   12/23/2016   EUR      53.14
Vontobel Financial Pro   10.00   12/23/2016   EUR      72.12
Vontobel Financial Pro    6.00    8/26/2016   EUR      71.04
Vontobel Financial Pro    6.35    8/26/2016   EUR      73.47
Vontobel Financial Pro    6.75    8/26/2016   EUR      67.77
DekaBank Deutsche Giro    5.40    8/12/2016   EUR      62.86
Goldman Sachs & Co Wer   11.00    9/21/2016   EUR      47.15
Goldman Sachs & Co Wer   10.00    8/24/2016   EUR      65.59
Goldman Sachs & Co Wer   10.00    8/24/2016   EUR      65.59
Goldman Sachs & Co Wer   11.00    8/24/2016   EUR      65.68
Goldman Sachs & Co Wer    8.00    9/21/2016   EUR      65.97
Goldman Sachs & Co Wer   10.00    9/21/2016   EUR      66.31
Goldman Sachs & Co Wer   10.00    9/21/2016   EUR      66.31
Goldman Sachs & Co Wer    6.00   12/21/2016   EUR      66.89
Goldman Sachs & Co Wer    8.00   12/21/2016   EUR      67.73
Goldman Sachs & Co Wer    8.00   12/21/2016   EUR      67.73
Goldman Sachs & Co Wer    7.00    3/22/2017   EUR      68.92
Goldman Sachs & Co Wer    8.00    3/22/2017   EUR      69.59
Goldman Sachs & Co Wer    8.00    3/22/2017   EUR      69.59
Goldman Sachs & Co Wer    8.00    3/22/2017   EUR      69.59
Goldman Sachs & Co Wer    7.00    6/21/2017   EUR      69.96
Goldman Sachs & Co Wer    8.00    6/21/2017   EUR      70.88
Goldman Sachs & Co Wer    8.00    6/21/2017   EUR      70.88
Goldman Sachs & Co Wer    8.00    6/21/2017   EUR      70.88
Goldman Sachs & Co Wer    8.00    6/21/2017   EUR      70.88
Vontobel Financial Pro   13.95    9/23/2016   EUR      49.07
Vontobel Financial Pro    6.00   12/23/2016   EUR      59.59
Vontobel Financial Pro   10.00   12/23/2016   EUR      53.62
Vontobel Financial Pro   11.70   12/23/2016   EUR      51.77
Landesbank Baden-Wuert    5.00    8/26/2016   EUR      76.81
Landesbank Baden-Wuert    6.00    8/26/2016   EUR      74.60
Landesbank Baden-Wuert    5.00    8/26/2016   EUR      75.70
Landesbank Baden-Wuert    6.00    8/26/2016   EUR      73.55
DekaBank Deutsche Giro    5.40    8/12/2016   EUR      70.38
Landesbank Baden-Wuert    3.00    8/26/2016   EUR      54.93
Landesbank Baden-Wuert    4.50    8/26/2016   EUR      51.84
Landesbank Baden-Wuert    5.50    8/26/2016   EUR      50.39
Landesbank Baden-Wuert    6.00    8/26/2016   EUR      76.97
Landesbank Baden-Wuert    7.00    8/26/2016   EUR      75.14
Landesbank Baden-Wuert    3.00    8/26/2016   EUR      45.06
Landesbank Baden-Wuert    4.00    8/26/2016   EUR      43.13
Landesbank Baden-Wuert    5.00    8/26/2016   EUR      41.81
Landesbank Baden-Wuert    6.00    8/26/2016   EUR      40.58
Landesbank Baden-Wuert    2.50    8/26/2016   EUR      54.01
Landesbank Baden-Wuert    3.50    8/26/2016   EUR      52.42
Landesbank Baden-Wuert    4.50    8/26/2016   EUR      51.17
Landesbank Baden-Wuert    5.50    8/26/2016   EUR      77.27
Landesbank Baden-Wuert    4.50    8/26/2016   EUR      73.57
Landesbank Baden-Wuert    6.00    8/26/2016   EUR      70.51
Landesbank Baden-Wuert    3.00    8/26/2016   EUR      76.02
Landesbank Baden-Wuert    4.50    8/26/2016   EUR      71.86
Landesbank Baden-Wuert    2.50    8/26/2016   EUR      71.31
Landesbank Baden-Wuert    4.00    8/26/2016   EUR      68.09
Landesbank Baden-Wuert    5.50    8/26/2016   EUR      65.64
Landesbank Baden-Wuert    2.50    8/26/2016   EUR      76.25
Landesbank Baden-Wuert    3.50    8/26/2016   EUR      73.63
Landesbank Baden-Wuert    4.50    8/26/2016   EUR      71.44
Landesbank Baden-Wuert    5.50    8/26/2016   EUR      69.53
Landesbank Baden-Wuert    6.50    8/26/2016   EUR      67.88
UBS AG/London             8.25    2/20/2017   CHF      78.51
UBS AG/London             8.25    8/19/2016   CHF      27.55
Vontobel Financial Pro    4.75    9/23/2016   EUR      75.23
Vontobel Financial Pro   13.00    9/23/2016   EUR      63.18
Vontobel Financial Pro    8.80   12/23/2016   EUR      68.12
Vontobel Financial Pro    5.00   12/23/2016   EUR      74.11
Vontobel Financial Pro    6.85   12/23/2016   EUR      70.92
Vontobel Financial Pro   10.80   12/23/2016   EUR      65.65
Vontobel Financial Pro   15.60    9/23/2016   EUR      60.56
Leonteq Securities AG     5.40    8/28/2017   CHF      47.51
Leonteq Securities AG    10.00   11/28/2016   CHF      74.50
UBS AG                    5.00    9/23/2016   EUR      73.10
UBS AG                   10.00    9/23/2016   EUR      74.38
UBS AG                   11.50    9/23/2016   EUR      62.43
Notenstein La Roche Pr    6.90    8/28/2017   CHF      67.53
Bank J Safra Sarasin A    6.55    8/17/2016   CHF      69.04
Vontobel Financial Pro    7.05    8/26/2016   EUR      68.37
Zurcher Kantonalbank F    5.80    8/21/2017   CHF      67.70
Bank Julius Baer & Co    13.60     9/2/2016   EUR      74.45
Vontobel Financial Pro   10.80    9/23/2016   EUR      75.81
Vontobel Financial Pro   12.75    9/23/2016   EUR      72.67
Vontobel Financial Pro   10.85   12/23/2016   EUR      75.07
Vontobel Financial Pro   12.50   12/23/2016   EUR      72.37
Vontobel Financial Pro    9.00   12/23/2016   EUR      73.93
Vontobel Financial Pro   17.15    9/23/2016   EUR      55.04
Vontobel Financial Pro   14.45   12/23/2016   EUR      57.78
Vontobel Financial Pro    8.35   12/23/2016   EUR      64.24
Vontobel Financial Pro    3.35   12/23/2016   EUR      74.30
Vontobel Financial Pro    8.90    9/23/2016   EUR      57.58
Vontobel Financial Pro    9.80   12/23/2016   EUR      56.52
Vontobel Financial Pro   15.15   12/23/2016   EUR      68.88
Vontobel Financial Pro   11.15    9/23/2016   EUR      71.95
Vontobel Financial Pro    8.50   12/23/2016   EUR      76.07
Vontobel Financial Pro   10.70   12/23/2016   EUR      72.41
Vontobel Financial Pro   10.50    9/23/2016   EUR      69.45
Vontobel Financial Pro    9.00   12/23/2016   EUR      71.60
Vontobel Financial Pro    6.70   12/23/2016   EUR      75.28
Vontobel Financial Pro    8.85    9/23/2016   EUR      50.01
Vontobel Financial Pro   11.50   11/22/2016   EUR      71.33
UBS AG/London             6.65    8/24/2016   CHF      68.98
Leonteq Securities AG    10.00   11/21/2016   CHF      59.50
UniCredit Bank AG         5.70    8/19/2016   EUR      56.94
Vontobel Financial Pro    3.75    9/23/2016   EUR      56.54
Vontobel Financial Pro    4.85   12/23/2016   EUR      55.28
Vontobel Financial Pro    6.50   12/23/2016   EUR      53.46
Vontobel Financial Pro    8.35   12/23/2016   EUR      51.93
DZ Bank AG Deutsche Ze    8.00   12/23/2016   EUR      75.96
DZ Bank AG Deutsche Ze    8.25   12/23/2016   EUR      64.64
DZ Bank AG Deutsche Ze   16.00    8/26/2016   EUR       0.33
DZ Bank AG Deutsche Ze    6.25    8/26/2016   EUR      75.07
Credit Suisse AG/Nassa    7.25    2/27/2017   CHF      78.32
Credit Suisse AG/Nassa    7.00    8/25/2016   CHF      40.71
Credit Suisse AG/Nassa    7.90    2/27/2017   CHF      70.83
DZ Bank AG Deutsche Ze    7.00    9/19/2016   EUR      42.17
Vontobel Financial Pro   10.00   12/23/2016   EUR      72.70
Vontobel Financial Pro    7.85   12/23/2016   EUR      76.74
Vontobel Financial Pro   11.00    9/23/2016   EUR      58.36
Vontobel Financial Pro    8.50    9/23/2016   EUR      62.28
Vontobel Financial Pro    7.65   12/23/2016   EUR      64.16
Vontobel Financial Pro   10.00   12/23/2016   EUR      60.82
Vontobel Financial Pro   16.70    9/23/2016   EUR      75.04
DZ Bank AG Deutsche Ze    5.80    9/19/2016   EUR      46.08
DZ Bank AG Deutsche Ze    7.30   12/19/2016   EUR      45.23
DZ Bank AG Deutsche Ze    5.60   12/19/2016   EUR      61.49
DZ Bank AG Deutsche Ze    6.50   12/19/2016   EUR      58.08
DZ Bank AG Deutsche Ze    5.70   12/19/2016   EUR      76.32
DZ Bank AG Deutsche Ze    6.80   12/19/2016   EUR      74.39
Zurcher Kantonalbank F    7.50    2/27/2017   EUR      77.35
Vontobel Financial Pro   15.00   12/23/2016   EUR      74.93
Vontobel Financial Pro   12.00    9/23/2016   EUR      67.60
Vontobel Financial Pro   10.50   12/23/2016   EUR      70.08
Vontobel Financial Pro    8.00   12/23/2016   EUR      74.14
Vontobel Financial Pro    6.50   12/23/2016   EUR      76.87
UBS AG/London             7.00    8/26/2016   CHF      69.45
Commerzbank AG            9.00    8/25/2016   EUR      41.84
DZ Bank AG Deutsche Ze    5.25    8/26/2016   EUR      64.42
Vontobel Financial Pro    8.00    9/23/2016   EUR      46.81
WGZ-Bank AG Westdeutsc    3.50     2/7/2017   EUR      75.24
WGZ-Bank AG Westdeutsc    2.50    9/27/2016   EUR      53.65
WGZ-Bank AG Westdeutsc    5.00    9/27/2016   EUR      47.58
WGZ-Bank AG Westdeutsc    6.00    9/27/2016   EUR      45.94
DekaBank Deutsche Giro    4.75    1/20/2017   EUR      62.55
Landesbank Baden-Wuert    3.40    9/28/2018   EUR      52.74
Credit Suisse AG/Londo    7.25    8/15/2016   EUR      73.12
DZ Bank AG Deutsche Ze    4.90    9/19/2016   EUR      75.14
Vontobel Financial Pro    8.50    8/26/2016   EUR      48.85
DZ Bank AG Deutsche Ze    6.40    9/19/2016   EUR      38.80
Vontobel Financial Pro    7.50    8/26/2016   EUR      40.93
Vontobel Financial Pro    7.50    8/26/2016   EUR      68.43
Zurcher Kantonalbank F    6.00    8/18/2016   EUR      70.15
Credit Suisse AG/Nassa    6.00    2/20/2017   CHF      75.23
Bank Julius Baer & Co    12.20    8/18/2016   USD      61.95
DZ Bank AG Deutsche Ze    5.25    8/26/2016   EUR      73.19
DZ Bank AG Deutsche Ze    5.50    8/26/2016   EUR      71.77
DZ Bank AG Deutsche Ze    8.00    9/23/2016   EUR      69.80
DZ Bank AG Deutsche Ze   11.00    9/23/2016   EUR      58.79
DZ Bank AG Deutsche Ze    6.50    9/23/2016   EUR      51.95
DZ Bank AG Deutsche Ze    5.25    8/26/2016   EUR      66.90
DZ Bank AG Deutsche Ze    8.00    8/26/2016   EUR      71.23
DZ Bank AG Deutsche Ze    7.50    8/26/2016   EUR      67.70
DZ Bank AG Deutsche Ze    5.00    8/26/2016   EUR      68.20
Notenstein La Roche Pr    7.00    8/11/2017   CHF      66.69
Notenstein La Roche Pr    8.02    8/11/2017   EUR      66.87
Credit Suisse AG/Londo    8.00    8/22/2016   USD      58.51
HSBC Trinkaus & Burkha    3.65    9/16/2016   EUR      44.32
DekaBank Deutsche Giro    3.20    7/13/2018   EUR      75.52
Credit Suisse AG/Nassa    7.25    2/20/2017   EUR      74.52
Vontobel Financial Pro    7.35   12/23/2016   EUR      74.38
Vontobel Financial Pro    6.40   12/23/2016   EUR      73.28
Vontobel Financial Pro    5.30   12/23/2016   EUR      75.57
Vontobel Financial Pro    8.05   12/23/2016   EUR      39.93
Vontobel Financial Pro    4.45   12/23/2016   EUR      43.87
Vontobel Financial Pro    5.35   12/23/2016   EUR      50.95
Vontobel Financial Pro    7.75   12/23/2016   EUR      47.76
Vontobel Financial Pro    6.15    8/26/2016   EUR      69.84
Vontobel Financial Pro    5.30    8/26/2016   EUR      68.08
Vontobel Financial Pro   11.00    9/23/2016   EUR      71.98
Vontobel Financial Pro   14.80    9/23/2016   EUR      67.40
Vontobel Financial Pro   12.50   12/23/2016   EUR      70.30
Vontobel Financial Pro    9.50   12/23/2016   EUR      74.18
Zurcher Kantonalbank F    7.92    8/19/2016   EUR      73.11
Credit Suisse AG/Nassa    8.00    2/21/2017   EUR      75.28
Credit Suisse AG/Londo    7.00    2/20/2017   CHF      69.40
Vontobel Financial Pro    6.60    9/23/2016   EUR      58.23
Vontobel Financial Pro    9.20    9/23/2016   EUR      53.75
Vontobel Financial Pro   12.25    9/23/2016   EUR      50.07
DZ Bank AG Deutsche Ze    3.45    8/25/2017   EUR      52.66
DekaBank Deutsche Giro    2.80    7/22/2019   EUR      65.46
Goldman Sachs & Co Wer    3.00    3/22/2017   EUR      66.62
Vontobel Financial Pro    6.80    9/23/2016   EUR      74.53
Vontobel Financial Pro   10.00   12/23/2016   EUR      63.86
Vontobel Financial Pro    8.10   12/23/2016   EUR      66.21
Notenstein La Roche Pr    3.10    8/28/2019   CHF      74.42
Notenstein La Roche Pr    4.30    8/21/2018   CHF      73.23
Notenstein La Roche Pr    6.80    2/21/2017   CHF      74.18
Notenstein La Roche Pr    6.20    2/21/2017   EUR      72.96
Banque Cantonale Vaudo    6.75    8/12/2016   CHF      65.09
Landesbank Hessen-Thue    4.50   12/14/2016   EUR      66.10
Vontobel Financial Pro   10.00    9/23/2016   EUR      73.32
Goldman Sachs & Co Wer   18.00    8/24/2016   EUR      33.06
Goldman Sachs & Co Wer   21.00    8/24/2016   EUR      31.45
Goldman Sachs & Co Wer   22.00    8/24/2016   EUR      62.23
Goldman Sachs & Co Wer   17.00   12/21/2016   EUR      67.72
Goldman Sachs & Co Wer   22.00    8/24/2016   EUR      70.26
Vontobel Financial Pro    5.35   12/16/2016   EUR      66.31
Vontobel Financial Pro    6.20    8/26/2016   EUR      71.34
DZ Bank AG Deutsche Ze    6.00    9/19/2016   EUR      76.60
Vontobel Financial Pro    7.00     9/2/2016   EUR      76.36
Vontobel Financial Pro    7.00     9/2/2016   EUR      56.88
Leonteq Securities AG     9.40    8/17/2016   EUR      65.37
Leonteq Securities AG     6.77    8/17/2017   CHF      50.39
Leonteq Securities AG     5.00     9/4/2018   CHF      48.66
Leonteq Securities AG    10.00    12/8/2016   EUR      77.44
Commerzbank AG            8.50    8/25/2016   EUR      52.24
Commerzbank AG            5.50    8/25/2016   EUR      46.78
Commerzbank AG            5.75    8/25/2016   EUR      46.29
Commerzbank AG            6.75    8/25/2016   EUR      44.86
Goldman Sachs & Co Wer   13.00   12/21/2016   EUR      49.44
Goldman Sachs & Co Wer   15.00    8/24/2016   EUR      76.60
Goldman Sachs & Co Wer   19.00    9/21/2016   EUR      68.41
Goldman Sachs & Co Wer   11.00    9/21/2016   EUR      72.74
Goldman Sachs & Co Wer    4.00    3/22/2017   EUR      56.55
Goldman Sachs & Co Wer    7.00    8/24/2016   EUR      69.10
Goldman Sachs & Co Wer    7.00    9/21/2016   EUR      69.57
Commerzbank AG            6.25    8/25/2016   EUR      55.60
UBS AG/London             8.00    8/26/2016   CHF      27.76
Lehman Brothers Treasu    4.60    11/9/2011   EUR      11.75
DZ Bank AG Deutsche Ze    6.30    9/19/2016   EUR      52.90
DZ Bank AG Deutsche Ze    7.90    9/19/2016   EUR      67.12
DZ Bank AG Deutsche Ze    7.50   12/19/2016   EUR      68.65
Vontobel Financial Pro    8.00    9/23/2016   EUR      73.92
Vontobel Financial Pro    8.00    9/23/2016   EUR      53.95
DZ Bank AG Deutsche Ze    5.75    9/23/2016   EUR      62.48
DZ Bank AG Deutsche Ze    8.00    9/23/2016   EUR      65.33
UniCredit Bank AG         5.50   12/22/2016   EUR      72.39
UniCredit Bank AG         6.00   12/22/2016   EUR      71.14
UniCredit Bank AG         6.70    9/22/2016   EUR      76.45
UBS AG                    4.50     9/9/2016   EUR      56.72
Vontobel Financial Pro    5.75     9/9/2016   EUR      51.83
Vontobel Financial Pro    4.25    12/9/2016   EUR      55.16
Societe Generale Effek    8.42    10/7/2016   EUR      71.64
Vontobel Financial Pro    4.65    12/9/2016   EUR      73.66
UBS AG                    4.75    9/23/2016   EUR      53.18
UBS AG                    4.50    9/23/2016   EUR      43.91
UBS AG                    5.25    9/23/2016   EUR      60.62
Vontobel Financial Pro   14.00    3/24/2017   EUR      71.78
Vontobel Financial Pro   15.00    3/24/2017   EUR      75.22
Commerzbank AG           14.75    3/23/2017   EUR      76.13
Vontobel Financial Pro   16.30     9/8/2017   EUR      76.49
Vontobel Financial Pro   13.50    3/24/2017   EUR      71.71
Vontobel Financial Pro   17.55   12/23/2016   EUR      73.65
Vontobel Financial Pro   19.50    3/24/2017   EUR      71.98
Goldman Sachs & Co Wer    8.00    8/24/2016   EUR      66.87
Goldman Sachs & Co Wer    7.00    9/21/2016   EUR      67.27
Goldman Sachs & Co Wer    9.00    3/22/2017   EUR      71.18
Goldman Sachs & Co Wer    6.00    3/22/2017   EUR      58.42
Landesbank Baden-Wuert    5.00    9/22/2017   EUR      57.35
Landesbank Baden-Wuert    3.00    9/22/2017   EUR      61.59
Landesbank Baden-Wuert    5.00    9/22/2017   EUR      68.84
Commerzbank AG            5.75    9/22/2016   EUR      57.06
Commerzbank AG           11.00    9/22/2016   EUR      49.26
Leonteq Securities AG     6.00   10/12/2017   CHF      52.22
Leonteq Securities AG    11.00   10/12/2016   CHF      72.15
UniCredit Bank AG         4.50    9/19/2017   EUR      41.57
Landesbank Hessen-Thue    5.60    7/11/2017   EUR      51.59
Commerzbank AG           12.75    2/23/2017   EUR      75.82
Zurcher Kantonalbank F   11.03    2/10/2017   CHF      74.52
Societe Generale Effek   14.15    3/24/2017   EUR      76.11
Societe Generale Effek   14.61    3/24/2017   EUR      74.94
Societe Generale Effek   17.29    3/24/2017   EUR      72.50
Societe Generale Effek   13.87    6/23/2017   EUR      77.18
Societe Generale Effek   16.44    6/23/2017   EUR      74.82
Societe Generale Effek   19.62    6/23/2017   EUR      72.81
Commerzbank AG            8.00    1/26/2017   EUR      77.30
Commerzbank AG            9.75    1/26/2017   EUR      72.74
Commerzbank AG           12.00    1/26/2017   EUR      68.55
Commerzbank AG           14.50    1/26/2017   EUR      65.00
Commerzbank AG           17.25    1/26/2017   EUR      62.12
Vontobel Financial Pro   17.60    9/23/2016   EUR      73.94
Vontobel Financial Pro   17.00   12/23/2016   EUR      73.45
Vontobel Financial Pro    7.70   12/23/2016   EUR      56.45
Vontobel Financial Pro    6.95    9/23/2016   EUR      73.23
UBS AG/London            12.50     1/3/2017   CHF      69.85
DZ Bank AG Deutsche Ze    8.50    1/27/2017   EUR      74.59
DZ Bank AG Deutsche Ze    9.25    1/27/2017   EUR      75.30
DZ Bank AG Deutsche Ze    5.25    3/24/2017   EUR      74.07
DZ Bank AG Deutsche Ze    5.75    1/27/2017   EUR      64.34
DZ Bank AG Deutsche Ze    9.50    1/27/2017   EUR      60.27
DZ Bank AG Deutsche Ze   12.00    9/23/2016   EUR      53.43
DZ Bank AG Deutsche Ze   10.00   12/23/2016   EUR      55.68
DZ Bank AG Deutsche Ze    5.00    1/27/2017   EUR      60.19
DZ Bank AG Deutsche Ze    8.50    1/27/2017   EUR      55.93
DZ Bank AG Deutsche Ze    6.75    3/24/2017   EUR      56.15
DZ Bank AG Deutsche Ze   12.00    9/23/2016   EUR      72.59
DZ Bank AG Deutsche Ze    5.80    1/25/2017   EUR      60.53
Vontobel Financial Pro   11.05    9/23/2016   EUR      71.86
Vontobel Financial Pro    8.00    3/24/2017   EUR      61.10
Vontobel Financial Pro   16.40    9/23/2016   EUR      74.51
Vontobel Financial Pro   16.55   12/23/2016   EUR      74.37
HSBC Trinkaus & Burkha   15.30   12/23/2016   EUR      72.95
HSBC Trinkaus & Burkha   13.30    3/24/2017   EUR      75.00
HSBC Trinkaus & Burkha   14.40    6/23/2017   EUR      73.82
HSBC Trinkaus & Burkha   13.00   11/25/2016   EUR      75.55
HSBC Trinkaus & Burkha   15.50   12/23/2016   EUR      69.77
HSBC Trinkaus & Burkha   10.70   12/23/2016   EUR      75.35
HSBC Trinkaus & Burkha   13.20    3/24/2017   EUR      71.80
HSBC Trinkaus & Burkha    9.60    3/24/2017   EUR      76.52
HSBC Trinkaus & Burkha   12.30    6/23/2017   EUR      72.01
HSBC Trinkaus & Burkha   11.60    6/23/2017   EUR      72.93
HSBC Trinkaus & Burkha    8.60    6/23/2017   EUR      76.75
HSBC Trinkaus & Burkha    9.20    9/22/2017   EUR      75.40
HSBC Trinkaus & Burkha   14.50   10/28/2016   EUR      70.91
HSBC Trinkaus & Burkha   13.70   11/25/2016   EUR      71.66
HSBC Trinkaus & Burkha   11.80    2/24/2017   EUR      73.56
HSBC Trinkaus & Burkha   16.50   12/23/2016   EUR      72.39
HSBC Trinkaus & Burkha   13.70    3/24/2017   EUR      74.53
HSBC Trinkaus & Burkha   12.30    6/23/2017   EUR      74.94
HSBC Trinkaus & Burkha   10.80    6/23/2017   EUR      76.57
HSBC Trinkaus & Burkha   12.30   11/25/2016   EUR      76.63
DZ Bank AG Deutsche Ze    9.50    3/24/2017   EUR      67.46
Credit Suisse AG/Londo    6.00    1/23/2017   CHF      61.14
DZ Bank AG Deutsche Ze    7.30    9/19/2016   EUR      65.92
DZ Bank AG Deutsche Ze    8.00    9/19/2016   EUR      69.94
DZ Bank AG Deutsche Ze    6.60    3/20/2017   EUR      72.37
DZ Bank AG Deutsche Ze    6.00   12/19/2016   EUR      67.20
Landesbank Baden-Wuert    7.60   12/23/2016   EUR      57.84
DZ Bank AG Deutsche Ze    8.25    9/23/2016   EUR      63.63
DZ Bank AG Deutsche Ze    5.75   12/23/2016   EUR      64.72
Vontobel Financial Pro    8.00    3/24/2017   EUR      58.62
Vontobel Financial Pro    6.55    9/23/2016   EUR      67.98
Landesbank Baden-Wuert    6.00    1/27/2017   EUR      72.92
Landesbank Baden-Wuert    3.00    1/27/2017   EUR      73.99
Landesbank Baden-Wuert    5.00    1/27/2017   EUR      68.43
Deutsche Bank AG          7.20    2/22/2017   EUR      75.50
Deutsche Bank AG          5.20    2/22/2017   EUR      70.40
Deutsche Bank AG          5.20    2/22/2017   EUR      66.80
Deutsche Bank AG          7.20    2/22/2017   EUR      65.80
Deutsche Bank AG          7.20    2/22/2017   EUR      62.80
Deutsche Bank AG          5.20    2/22/2017   EUR      58.90
Deutsche Bank AG          7.20    2/22/2017   EUR      60.00
DZ Bank AG Deutsche Ze    7.90    3/24/2017   EUR      69.02
DZ Bank AG Deutsche Ze    7.20   12/23/2016   EUR      64.08
DekaBank Deutsche Giro    9.00   12/23/2016   EUR      62.24
DZ Bank AG Deutsche Ze    6.70   12/19/2016   EUR      71.26
DZ Bank AG Deutsche Ze    5.60    3/20/2017   EUR      68.20
DekaBank Deutsche Giro    7.40    1/13/2017   EUR      63.58
DZ Bank AG Deutsche Ze    5.25    3/24/2017   EUR      64.53
DZ Bank AG Deutsche Ze    5.00   12/23/2016   EUR      70.48
Landesbank Baden-Wuert    4.50    1/27/2017   EUR      75.70
Landesbank Baden-Wuert    4.00    1/27/2017   EUR      70.92
Deutsche Bank AG          5.20    2/22/2017   EUR      74.40
Deutsche Bank AG          7.20    2/22/2017   EUR      71.50
Deutsche Bank AG          7.20    2/22/2017   EUR      67.90
Deutsche Bank AG          5.20    2/22/2017   EUR      62.40
Deutsche Bank AG          7.20    2/22/2017   EUR      63.50
Deutsche Bank AG          7.20    2/22/2017   EUR      70.00
Deutsche Bank AG          5.20    2/22/2017   EUR      64.70
Deutsche Bank AG          5.20    2/22/2017   EUR      61.70
BNP Paribas Emissions-   24.00   12/22/2016   EUR      73.20
BNP Paribas Emissions-   25.00    6/22/2017   EUR      66.22
BNP Paribas Emissions-   28.00   12/21/2017   EUR      70.22
BNP Paribas Emissions-   19.00    9/22/2016   EUR      41.23
BNP Paribas Emissions-    8.00   12/22/2016   EUR      51.69
BNP Paribas Emissions-   19.00    9/22/2016   EUR      66.72
BNP Paribas Emissions-   28.00    9/22/2016   EUR      61.31
BNP Paribas Emissions-   22.00   12/22/2016   EUR      66.10
BNP Paribas Emissions-   10.00    3/23/2017   EUR      75.09
BNP Paribas Emissions-   12.00    3/23/2017   EUR      72.50
BNP Paribas Emissions-   19.00    3/23/2017   EUR      67.29
BNP Paribas Emissions-   24.00    3/23/2017   EUR      65.37
BNP Paribas Emissions-   28.00    3/23/2017   EUR      63.65
BNP Paribas Emissions-   16.00   12/22/2016   EUR      44.88
BNP Paribas Emissions-    5.00    3/23/2017   EUR      58.39
BNP Paribas Emissions-    5.00   12/21/2017   EUR      59.19
BNP Paribas Emissions-   22.00    9/22/2016   EUR      72.22
BNP Paribas Emissions-   24.00    3/23/2017   EUR      72.27
BNP Paribas Emissions-   22.00    3/23/2017   EUR      74.40
BNP Paribas Emissions-   26.00    3/23/2017   EUR      72.23
Goldman Sachs & Co Wer    9.00    8/24/2016   EUR      68.47
Goldman Sachs & Co Wer    9.00   10/26/2016   EUR      69.89
Goldman Sachs & Co Wer   16.00   11/23/2016   EUR      72.97
Goldman Sachs & Co Wer   15.00   12/21/2016   EUR      73.68
Goldman Sachs & Co Wer   15.00   12/21/2016   EUR      73.68
Goldman Sachs & Co Wer   13.00    2/22/2017   EUR      74.48
Goldman Sachs & Co Wer   13.00    2/22/2017   EUR      74.48
Goldman Sachs & Co Wer   13.00    2/22/2017   EUR      74.48
Goldman Sachs & Co Wer    7.00    3/22/2017   EUR      65.00
Goldman Sachs & Co Wer    8.00    6/21/2017   EUR      66.06
Goldman Sachs & Co Wer    8.00    9/20/2017   EUR      73.31
Goldman Sachs & Co Wer   14.00    8/24/2016   EUR      63.82
Goldman Sachs & Co Wer   14.00   11/23/2016   EUR      67.13
Goldman Sachs & Co Wer    9.00   12/20/2017   EUR      72.44
Goldman Sachs & Co Wer   12.00    2/22/2017   EUR      68.98
Goldman Sachs & Co Wer    9.00   12/20/2017   EUR      72.44
Goldman Sachs & Co Wer   12.00    1/25/2017   EUR      68.23
Goldman Sachs & Co Wer   12.00    1/25/2017   EUR      68.23
Goldman Sachs & Co Wer    8.00    8/24/2016   EUR      74.72
Goldman Sachs & Co Wer    8.00    9/21/2016   EUR      75.43
Goldman Sachs & Co Wer   10.00    9/21/2016   EUR      71.87
Goldman Sachs & Co Wer   10.00   10/26/2016   EUR      72.79
Goldman Sachs & Co Wer   11.00   11/23/2016   EUR      70.30
Goldman Sachs & Co Wer    8.00    6/21/2017   EUR      74.87
Goldman Sachs & Co Wer    9.00    9/20/2017   EUR      74.65
Goldman Sachs & Co Wer    6.00    1/25/2017   EUR      72.00
Goldman Sachs & Co Wer    7.00    9/20/2017   EUR      69.13
Goldman Sachs & Co Wer    7.00   12/20/2017   EUR      70.48
Societe Generale Effek    4.50    9/23/2016   EUR      73.89
Societe Generale Effek    8.67    9/23/2016   EUR      65.82
Societe Generale Effek   15.06    9/23/2016   EUR      59.06
Societe Generale Effek    8.29   12/23/2016   EUR      70.68
Societe Generale Effek   10.04   12/23/2016   EUR      68.32
Societe Generale Effek    3.70    9/23/2016   EUR      68.66
Societe Generale Effek    4.98    9/23/2016   EUR      65.13
Societe Generale Effek    7.28    9/23/2016   EUR      60.85
Societe Generale Effek   11.09    9/23/2016   EUR      56.13
Societe Generale Effek   13.20    9/23/2016   EUR      54.19
Societe Generale Effek    3.78   12/23/2016   EUR      73.16
Societe Generale Effek    8.66   12/23/2016   EUR      62.96
Societe Generale Effek   10.40   12/23/2016   EUR      60.84
Societe Generale Effek   14.36   12/23/2016   EUR      57.52
Societe Generale Effek    9.65    9/23/2016   EUR      75.88
Societe Generale Effek   15.06    9/23/2016   EUR      69.35
Societe Generale Effek   10.83    9/23/2016   EUR      74.85
Societe Generale Effek   11.83    9/23/2016   EUR      73.12
Societe Generale Effek   16.11   12/23/2016   EUR      73.44
Vontobel Financial Pro    6.50    9/23/2016   EUR      62.88
Vontobel Financial Pro    8.00   12/23/2016   EUR      56.57
Vontobel Financial Pro    4.55    3/24/2017   EUR      72.17
Commerzbank AG            6.50    1/20/2017   EUR      73.42
Raiffeisen Centrobank    10.18    9/20/2017   EUR      73.95
Vontobel Financial Pro    6.50    1/27/2017   EUR      76.33
Vontobel Financial Pro   14.00    1/27/2017   EUR      65.67
DZ Bank AG Deutsche Ze   12.00    9/19/2016   EUR      74.57
DZ Bank AG Deutsche Ze    9.90    9/19/2016   EUR      71.19
DZ Bank AG Deutsche Ze    8.00   12/19/2016   EUR      72.76
DZ Bank AG Deutsche Ze    7.40    3/20/2017   EUR      73.85
HSBC Trinkaus & Burkha    8.70    9/23/2016   EUR      73.03
HSBC Trinkaus & Burkha    8.30   12/23/2016   EUR      74.55
HSBC Trinkaus & Burkha    7.70    3/24/2017   EUR      75.46
HSBC Trinkaus & Burkha    9.30    6/23/2017   EUR      72.83
HSBC Trinkaus & Burkha    7.60    6/23/2017   EUR      75.08
HSBC Trinkaus & Burkha    8.50   10/28/2016   EUR      73.72
HSBC Trinkaus & Burkha   16.00    9/23/2016   EUR      58.47
HSBC Trinkaus & Burkha   13.50   12/23/2016   EUR      61.46
HSBC Trinkaus & Burkha    9.20   12/23/2016   EUR      65.69
HSBC Trinkaus & Burkha    8.30    3/24/2017   EUR      67.15
HSBC Trinkaus & Burkha    6.30    6/23/2017   EUR      69.79
HSBC Trinkaus & Burkha   10.70    1/27/2017   EUR      64.19
HSBC Trinkaus & Burkha    7.20    1/27/2017   EUR      68.89
BNP Paribas Emissions-   25.00    9/22/2016   EUR      71.61
BNP Paribas Emissions-   22.00   12/21/2017   EUR      75.48
BNP Paribas Emissions-   27.00   12/21/2017   EUR      74.80
BNP Paribas Emissions-   10.00   12/21/2017   EUR      74.65
BNP Paribas Emissions-   13.00   12/21/2017   EUR      73.11
BNP Paribas Emissions-   19.00   12/21/2017   EUR      70.56
BNP Paribas Emissions-    5.00    9/22/2016   EUR      56.33
BNP Paribas Emissions-    8.00    9/22/2016   EUR      49.72
BNP Paribas Emissions-    5.00   12/22/2016   EUR      57.44
BNP Paribas Emissions-   15.00    9/22/2016   EUR      70.05
BNP Paribas Emissions-   24.00    9/22/2016   EUR      63.90
BNP Paribas Emissions-   16.00    6/22/2017   EUR      69.38
BNP Paribas Emissions-    5.00    6/22/2017   EUR      58.43
BNP Paribas Emissions-   13.00    6/22/2017   EUR      49.74
BNP Paribas Emissions-   28.00   12/21/2017   EUR      57.43
BNP Paribas Emissions-   21.00   12/22/2016   EUR      72.64
Goldman Sachs & Co Wer   18.00    9/21/2016   EUR      70.66
Goldman Sachs & Co Wer   18.00    9/21/2016   EUR      70.66
Goldman Sachs & Co Wer   17.00   10/26/2016   EUR      72.04
Goldman Sachs & Co Wer    7.00    9/20/2017   EUR      66.51
Goldman Sachs & Co Wer    7.00   12/20/2017   EUR      67.78
Goldman Sachs & Co Wer    8.00   12/20/2017   EUR      74.24
Goldman Sachs & Co Wer    7.00   10/26/2016   EUR      64.27
Goldman Sachs & Co Wer   12.00    2/22/2017   EUR      68.98
Goldman Sachs & Co Wer    9.00   12/20/2017   EUR      72.44
Goldman Sachs & Co Wer   12.00    1/25/2017   EUR      68.23
Goldman Sachs & Co Wer    8.00   10/26/2016   EUR      76.09
Goldman Sachs & Co Wer    8.00    3/22/2017   EUR      74.82
Goldman Sachs & Co Wer   16.00    6/21/2017   EUR      61.20
Goldman Sachs & Co Wer    6.00   12/20/2017   EUR      71.89
Societe Generale Effek    6.86    9/23/2016   EUR      68.72
Societe Generale Effek   10.69    9/23/2016   EUR      63.35
Societe Generale Effek   12.77    9/23/2016   EUR      61.09
Societe Generale Effek    5.80   12/23/2016   EUR      74.69
Societe Generale Effek   12.06   12/23/2016   EUR      66.24
Societe Generale Effek   14.09   12/23/2016   EUR      64.40
Societe Generale Effek    2.68    9/23/2016   EUR      72.61
Societe Generale Effek    9.07    9/23/2016   EUR      58.34
Societe Generale Effek    2.76   12/23/2016   EUR      76.96
Societe Generale Effek    4.88   12/23/2016   EUR      69.70
Societe Generale Effek    6.26   12/23/2016   EUR      66.75
Societe Generale Effek   12.34   12/23/2016   EUR      59.05
Societe Generale Effek   12.23    9/23/2016   EUR      72.40
Societe Generale Effek   17.89    9/23/2016   EUR      66.65
Societe Generale Effek   13.54   12/23/2016   EUR      75.63
Societe Generale Effek   16.20   12/23/2016   EUR      73.09
Societe Generale Effek    9.73    9/23/2016   EUR      75.53
Societe Generale Effek   15.26    9/23/2016   EUR      69.78
Vontobel Financial Pro    7.50    9/23/2016   EUR      57.07
Vontobel Financial Pro    5.50   12/23/2016   EUR      67.48
Vontobel Financial Pro    4.55    3/24/2017   EUR      71.34
Vontobel Financial Pro    3.50    3/24/2017   EUR      77.03
Vontobel Financial Pro    4.00    3/24/2017   EUR      75.74
Vontobel Financial Pro    4.05    3/24/2017   EUR      74.32
Vontobel Financial Pro    4.60    3/24/2017   EUR      71.14
Bank Julius Baer & Co    10.40   10/24/2016   CHF      59.70
Raiffeisen Centrobank     8.51    3/22/2017   EUR      72.51
Raiffeisen Centrobank     7.79    9/20/2017   EUR      72.03
Vontobel Financial Pro    8.00    1/27/2017   EUR      73.03
Vontobel Financial Pro   10.00    1/27/2017   EUR      70.26
Vontobel Financial Pro   12.00    1/27/2017   EUR      67.81
DZ Bank AG Deutsche Ze    9.60   12/19/2016   EUR      76.27
DZ Bank AG Deutsche Ze   11.20   12/19/2016   EUR      74.68
DZ Bank AG Deutsche Ze   11.00    9/19/2016   EUR      69.06
DZ Bank AG Deutsche Ze    9.10   12/19/2016   EUR      70.99
DZ Bank AG Deutsche Ze    8.20    3/20/2017   EUR      72.32
HSBC Trinkaus & Burkha    8.10    1/27/2017   EUR      74.95
HSBC Trinkaus & Burkha   10.40    9/23/2016   EUR      63.70
HSBC Trinkaus & Burkha    6.10    9/23/2016   EUR      70.43
HSBC Trinkaus & Burkha   11.70    3/24/2017   EUR      63.56
HSBC Trinkaus & Burkha    8.90    6/23/2017   EUR      66.22
HSBC Trinkaus & Burkha    7.80   10/28/2016   EUR      67.50
HSBC Trinkaus & Burkha   10.40    9/23/2016   EUR      76.28
HSBC Trinkaus & Burkha   10.80    1/27/2017   EUR      76.00
Deutsche Bank AG          5.20    2/22/2017   EUR      73.50
Deutsche Bank AG          7.20    2/22/2017   EUR      74.60
Vontobel Financial Pro   10.00   12/23/2016   EUR      60.04
Deutsche Bank AG          5.20    1/25/2017   EUR      74.30
Deutsche Bank AG          5.20    1/25/2017   EUR      70.20
Deutsche Bank AG          7.20    1/25/2017   EUR      71.20
Deutsche Bank AG          7.20    1/25/2017   EUR      69.60
Deutsche Bank AG          7.20    1/25/2017   EUR      65.30
Deutsche Bank AG          5.20    1/25/2017   EUR      64.40
Deutsche Bank AG          7.20    1/25/2017   EUR      59.50
Deutsche Bank AG          5.20    1/25/2017   EUR      58.60
Deutsche Bank AG          5.20    9/20/2016   EUR      72.40
Deutsche Bank AG          6.20    9/20/2016   EUR      72.50
Deutsche Bank AG          5.20   12/20/2016   EUR      73.10
Deutsche Bank AG          6.20   12/20/2016   EUR      73.50
Deutsche Bank AG          6.20    9/20/2016   EUR      66.30
Deutsche Bank AG          6.20    9/20/2016   EUR      62.80
Deutsche Bank AG          5.20    9/20/2016   EUR      62.70
Deutsche Bank AG          6.20   12/20/2016   EUR      67.70
Deutsche Bank AG          7.20   12/20/2016   EUR      68.10
Deutsche Bank AG          6.20   12/20/2016   EUR      64.30
Deutsche Bank AG          5.20   12/20/2016   EUR      60.90
Deutsche Bank AG          6.20   12/20/2016   EUR      72.20
DZ Bank AG Deutsche Ze    6.25    3/20/2017   EUR      64.26
DZ Bank AG Deutsche Ze    8.00   12/19/2016   EUR      57.28
Raiffeisen Centrobank     7.14    9/20/2017   EUR      76.56
Vontobel Financial Pro    9.40   10/28/2016   EUR      68.44
BNP Paribas Emissions-   29.00    9/22/2016   EUR      74.15
BNP Paribas Emissions-   28.00    3/23/2017   EUR      61.76
BNP Paribas Emissions-   27.00    9/22/2016   EUR      66.18
BNP Paribas Emissions-   14.00   12/22/2016   EUR      75.72
BNP Paribas Emissions-   21.00   12/22/2016   EUR      70.73
BNP Paribas Emissions-   20.00    3/23/2017   EUR      71.33
BNP Paribas Emissions-   28.00   12/21/2017   EUR      71.01
BNP Paribas Emissions-   11.00    9/22/2016   EUR      76.11
BNP Paribas Emissions-   22.00    9/22/2016   EUR      65.75
BNP Paribas Emissions-   18.00   12/22/2016   EUR      69.69
BNP Paribas Emissions-   19.00    6/22/2017   EUR      69.90
BNP Paribas Emissions-   15.00   12/21/2017   EUR      73.49
BNP Paribas Emissions-    9.00   12/21/2017   EUR      72.88
BNP Paribas Emissions-    6.00    9/22/2016   EUR      70.25
BNP Paribas Emissions-    6.00    3/23/2017   EUR      69.02
BNP Paribas Emissions-   22.00    3/23/2017   EUR      55.92
BNP Paribas Emissions-   29.00    3/23/2017   EUR      54.97
BNP Paribas Emissions-   26.00    6/22/2017   EUR      69.14
BNP Paribas Emissions-   26.00   12/21/2017   EUR      72.22
BNP Paribas Emissions-    5.00   12/21/2017   EUR      73.09
BNP Paribas Emissions-   23.00   12/21/2017   EUR      62.70
BNP Paribas Emissions-   29.00   12/21/2017   EUR      71.76
BNP Paribas Emissions-   22.00    9/22/2016   EUR      71.17
BNP Paribas Emissions-   22.00    3/23/2017   EUR      72.53
BNP Paribas Emissions-   22.00   12/21/2017   EUR      74.06
BNP Paribas Emissions-   28.00    3/23/2017   EUR      73.53
BNP Paribas Emissions-   25.00    9/22/2016   EUR      72.68
BNP Paribas Emissions-   28.00    3/23/2017   EUR      67.48
Deutsche Bank AG          7.20    1/25/2017   EUR      75.20
Deutsche Bank AG          7.20    1/25/2017   EUR      67.40
Deutsche Bank AG          5.20    1/25/2017   EUR      66.50
Deutsche Bank AG          5.20    1/25/2017   EUR      62.10
Deutsche Bank AG          7.20    1/25/2017   EUR      63.10
Deutsche Bank AG          5.20    1/25/2017   EUR      68.70
Deutsche Bank AG          5.20    1/25/2017   EUR      61.30
Deutsche Bank AG          7.20    1/25/2017   EUR      62.30
Deutsche Bank AG          7.20    1/25/2017   EUR      74.20
Deutsche Bank AG          5.20    1/25/2017   EUR      73.20
Deutsche Bank AG          7.20    9/20/2016   EUR      72.60
Deutsche Bank AG          7.20   12/20/2016   EUR      73.90
Deutsche Bank AG          5.20    9/20/2016   EUR      66.20
Deutsche Bank AG          7.20    9/20/2016   EUR      66.40
Deutsche Bank AG          7.20    9/20/2016   EUR      63.00
Deutsche Bank AG          5.20    9/20/2016   EUR      59.60
Deutsche Bank AG          7.20    9/20/2016   EUR      59.90
Deutsche Bank AG          5.20   12/20/2016   EUR      67.30
Deutsche Bank AG          5.20   12/20/2016   EUR      63.90
Deutsche Bank AG          7.20   12/20/2016   EUR      64.70
Deutsche Bank AG          7.20   12/20/2016   EUR      61.60
Deutsche Bank AG          5.20    9/20/2016   EUR      70.60
Deutsche Bank AG          7.20    9/20/2016   EUR      70.80
Deutsche Bank AG          6.20    9/20/2016   EUR      70.70
Deutsche Bank AG          7.20   12/20/2016   EUR      72.60
Deutsche Bank AG          5.20   12/20/2016   EUR      71.80
DZ Bank AG Deutsche Ze    4.00   12/23/2016   EUR      70.40
DZ Bank AG Deutsche Ze    6.00    1/25/2017   EUR      65.30
Raiffeisen Centrobank     9.52    9/20/2017   EUR      75.15
WGZ-Bank AG Westdeutsc    6.50    6/22/2017   EUR      74.16
BNP Paribas Emissions-   27.00   12/22/2016   EUR      60.47
BNP Paribas Emissions-    8.00    3/23/2017   EUR      75.02
BNP Paribas Emissions-   10.00   12/21/2017   EUR      69.72
BNP Paribas Emissions-   16.00   12/22/2016   EUR      73.74
BNP Paribas Emissions-   26.00   12/21/2017   EUR      72.64
BNP Paribas Emissions-   22.00    3/23/2017   EUR      75.48
BNP Paribas Emissions-   14.00    9/22/2016   EUR      72.72
BNP Paribas Emissions-   17.00    9/22/2016   EUR      69.68
BNP Paribas Emissions-   12.00   12/22/2016   EUR      75.28
BNP Paribas Emissions-   24.00   12/22/2016   EUR      65.59
BNP Paribas Emissions-   20.00    3/23/2017   EUR      69.23
BNP Paribas Emissions-   11.00    6/22/2017   EUR      75.17
BNP Paribas Emissions-   28.00    6/22/2017   EUR      67.12
BNP Paribas Emissions-   19.00    3/23/2017   EUR      63.14
BNP Paribas Emissions-    6.00   12/22/2016   EUR      71.52
BNP Paribas Emissions-   10.00   12/22/2016   EUR      62.74
BNP Paribas Emissions-    8.00    3/23/2017   EUR      66.99
BNP Paribas Emissions-   18.00    6/22/2017   EUR      72.44
BNP Paribas Emissions-   22.00   12/21/2017   EUR      72.81
BNP Paribas Emissions-   10.00   12/21/2017   EUR      64.78
BNP Paribas Emissions-   18.00    3/23/2017   EUR      74.46
BNP Paribas Emissions-   28.00    3/23/2017   EUR      68.96
BNP Paribas Emissions-   27.00   12/21/2017   EUR      73.03
BNP Paribas Emissions-   28.00    9/22/2016   EUR      73.48
BNP Paribas Emissions-   24.00   12/22/2016   EUR      72.60
BNP Paribas Emissions-   18.00    3/23/2017   EUR      73.73
UniCredit Bank AG         5.00   12/22/2016   EUR      60.31
UniCredit Bank AG         4.50    9/22/2016   EUR      54.27
UniCredit Bank AG         4.00    9/22/2016   EUR      59.57
UniCredit Bank AG         4.00    9/22/2016   EUR      60.37
UniCredit Bank AG         5.50    9/22/2016   EUR      55.96
Commerzbank AG           13.50    8/25/2016   EUR      74.17
Commerzbank AG            7.75    8/25/2016   EUR      68.38
Commerzbank AG           11.25    8/25/2016   EUR      63.10
Commerzbank AG            7.25    8/25/2016   EUR      73.86
Commerzbank AG            8.50    8/25/2016   EUR      72.38
Commerzbank AG            9.75    8/25/2016   EUR      73.12
Commerzbank AG            8.25    8/25/2016   EUR      76.15
Commerzbank AG            6.75    8/25/2016   EUR      42.94
Commerzbank AG            8.25    8/25/2016   EUR      40.54
Commerzbank AG            9.75    8/25/2016   EUR      38.34
Credit Suisse AG/Nassa    7.25     3/8/2017   CHF      48.48
DZ Bank AG Deutsche Ze    7.50   12/19/2016   EUR      48.83
Leonteq Securities AG     5.60    9/11/2017   CHF      48.15
Societe Generale Effek    5.31   12/23/2016   EUR      68.05
Societe Generale Effek    5.16    9/23/2016   EUR      57.28
HSBC Trinkaus & Burkha   11.80   12/23/2016   EUR      53.48
HSBC Trinkaus & Burkha    7.80    3/24/2017   EUR      58.72
HSBC Trinkaus & Burkha    9.10   10/28/2016   EUR      55.99
HSBC Trinkaus & Burkha    8.70   10/28/2016   EUR      49.35
HSBC Trinkaus & Burkha    6.20   10/28/2016   EUR      52.87
HSBC Trinkaus & Burkha    8.30   12/23/2016   EUR      75.35
Vontobel Financial Pro   12.00    8/26/2016   EUR      49.06
Goldman Sachs & Co Wer   12.00    9/21/2016   EUR      54.87
Goldman Sachs & Co Wer    7.00   12/21/2016   EUR      62.28
Goldman Sachs & Co Wer    7.00    3/22/2017   EUR      63.97
Goldman Sachs & Co Wer    6.00    9/21/2016   EUR      56.96
Goldman Sachs & Co Wer    6.00    8/24/2016   EUR      60.08
Goldman Sachs & Co Wer    6.00    9/21/2016   EUR      60.51
Goldman Sachs & Co Wer   12.00    9/21/2016   EUR      61.55
Goldman Sachs & Co Wer   10.00   12/21/2016   EUR      63.63
Goldman Sachs & Co Wer   10.00   12/21/2016   EUR      63.63
Goldman Sachs & Co Wer   10.00    8/24/2016   EUR      51.43
Goldman Sachs & Co Wer   13.00    8/24/2016   EUR      51.72
Goldman Sachs & Co Wer   13.00    8/24/2016   EUR      51.72
Goldman Sachs & Co Wer   10.00    9/21/2016   EUR      52.20
Goldman Sachs & Co Wer   12.00    9/21/2016   EUR      52.54
Goldman Sachs & Co Wer   12.00    9/21/2016   EUR      52.54
Goldman Sachs & Co Wer   12.00    9/21/2016   EUR      52.54
Goldman Sachs & Co Wer   10.00   12/21/2016   EUR      54.61
Goldman Sachs & Co Wer   10.00   12/21/2016   EUR      54.61
Goldman Sachs & Co Wer   11.00   12/21/2016   EUR      55.04
Goldman Sachs & Co Wer   11.00   12/21/2016   EUR      55.04
Goldman Sachs & Co Wer   10.00    3/22/2017   EUR      57.03
Goldman Sachs & Co Wer   10.00    3/22/2017   EUR      57.03
Goldman Sachs & Co Wer   10.00    6/21/2017   EUR      59.30
Goldman Sachs & Co Wer   11.00    9/21/2016   EUR      70.26
Goldman Sachs & Co Wer   10.00   12/21/2016   EUR      72.21
Goldman Sachs & Co Wer    9.00    3/22/2017   EUR      73.76
Bank Julius Baer & Co     7.00     9/9/2016   CHF      65.85
Kaupthing ehf             7.63    2/28/2015   USD      17.63
Landesbank Baden-Wuert    2.50    2/24/2017   EUR      65.77
Landesbank Baden-Wuert    5.50    2/24/2017   EUR      58.92
Landesbank Baden-Wuert    3.50    2/24/2017   EUR      54.03
Landesbank Baden-Wuert    5.50    2/24/2017   EUR      50.10
Landesbank Baden-Wuert    2.50    2/24/2017   EUR      75.48
Landesbank Baden-Wuert    4.00    2/24/2017   EUR      69.86
Lehman Brothers Treasu    4.00    8/11/2010   USD      11.75
Kaupthing ehf             9.75    9/10/2015   USD      17.63
UniCredit Bank AG         4.50   12/22/2016   EUR      75.07
UniCredit Bank AG         5.00   12/22/2016   EUR      50.10
UniCredit Bank AG         4.50   12/22/2016   EUR      51.96
UniCredit Bank AG         4.75   12/22/2016   EUR      51.02
UniCredit Bank AG         4.75   12/22/2016   EUR      60.83
UniCredit Bank AG         6.90    9/22/2016   EUR      75.57
UniCredit Bank AG         6.60    9/22/2016   EUR      76.90
UniCredit Bank AG         4.75    9/22/2016   EUR      51.97
UniCredit Bank AG         4.25    9/22/2016   EUR      56.79
UniCredit Bank AG         4.50   12/22/2016   EUR      61.34
UniCredit Bank AG         6.80    9/22/2016   EUR      76.01
UniCredit Bank AG         5.00   12/22/2016   EUR      73.70
UniCredit Bank AG         4.50    9/22/2016   EUR      58.82
Commerzbank AG            9.50    8/25/2016   EUR      65.64
Commerzbank AG            5.75    8/25/2016   EUR      70.35
Commerzbank AG            7.75    8/25/2016   EUR      66.77
Commerzbank AG            9.75    8/25/2016   EUR      63.56
Commerzbank AG            9.50    8/25/2016   EUR      70.22
Commerzbank AG            6.00    8/25/2016   EUR      76.05
Commerzbank AG            8.00    8/25/2016   EUR      77.02
Commerzbank AG           12.00    8/25/2016   EUR      69.49
Commerzbank AG           11.00    8/25/2016   EUR      73.45
Commerzbank AG           13.00    8/25/2016   EUR      70.22
Commerzbank AG           10.50    8/25/2016   EUR      72.46
Commerzbank AG           11.50    8/25/2016   EUR      36.45
Commerzbank AG           13.50    8/25/2016   EUR      34.71
DZ Bank AG Deutsche Ze    6.00   12/19/2016   EUR      75.72
Leonteq Securities AG    18.50     9/9/2016   CHF      67.23
Societe Generale Effek    4.25    9/23/2016   EUR      67.15
Societe Generale Effek    6.16   12/23/2016   EUR      58.40
HSBC Trinkaus & Burkha   11.50    9/23/2016   EUR      52.87
HSBC Trinkaus & Burkha    7.60    9/23/2016   EUR      57.78
HSBC Trinkaus & Burkha   10.20   12/23/2016   EUR      55.21
HSBC Trinkaus & Burkha    7.20   12/23/2016   EUR      59.47
HSBC Trinkaus & Burkha    7.70    9/23/2016   EUR      50.34
HSBC Trinkaus & Burkha    7.00   12/23/2016   EUR      51.99
HSBC Trinkaus & Burkha    7.50    3/24/2017   EUR      52.01
HSBC Trinkaus & Burkha   10.40   12/23/2016   EUR      72.30
Vontobel Financial Pro   12.00    8/26/2016   EUR      48.67
Goldman Sachs & Co Wer   21.00    9/21/2016   EUR      74.83
Goldman Sachs & Co Wer   10.00    9/21/2016   EUR      61.20
Goldman Sachs & Co Wer   10.00    9/21/2016   EUR      61.20
Goldman Sachs & Co Wer   10.00   12/21/2016   EUR      63.63
Goldman Sachs & Co Wer   10.00   12/21/2016   EUR      63.63
Goldman Sachs & Co Wer    7.00    9/21/2016   EUR      51.68
Goldman Sachs & Co Wer   10.00    3/22/2017   EUR      57.03
Goldman Sachs & Co Wer   10.00    6/21/2017   EUR      59.30
Goldman Sachs & Co Wer   12.00    8/24/2016   EUR      69.58
Goldman Sachs & Co Wer   12.00    8/24/2016   EUR      69.58
Goldman Sachs & Co Wer   10.00    9/21/2016   EUR      70.09
Goldman Sachs & Co Wer   11.00    9/21/2016   EUR      70.26
Goldman Sachs & Co Wer   10.00   12/21/2016   EUR      72.21
Goldman Sachs & Co Wer    9.00    3/22/2017   EUR      73.76
Notenstein La Roche Pr    6.10    3/14/2017   CHF      73.51
Vontobel Financial Pro    3.75     9/9/2016   EUR      63.65
Landesbank Baden-Wuert    3.50    2/24/2017   EUR      62.80
Landesbank Baden-Wuert    4.50    2/24/2017   EUR      60.77
Landesbank Baden-Wuert    2.50    2/24/2017   EUR      56.93
Landesbank Baden-Wuert    4.50    2/24/2017   EUR      51.73
Landesbank Baden-Wuert    5.50    2/24/2017   EUR      65.63
DZ Bank AG Deutsche Ze    8.00    9/21/2016   EUR      48.15
Goldman Sachs & Co Wer   10.00    6/21/2017   EUR      71.91
Goldman Sachs & Co Wer   11.00    6/21/2017   EUR      72.78
Goldman Sachs & Co Wer   10.00    6/21/2017   EUR      68.05
Goldman Sachs & Co Wer   11.00    6/21/2017   EUR      68.91
Deutsche Bank AG          5.20    6/20/2017   EUR      74.20
Deutsche Bank AG          7.20    6/20/2017   EUR      76.00
Deutsche Bank AG          4.50   12/20/2016   EUR      75.80
Deutsche Bank AG          5.20    9/19/2017   EUR      75.10
Deutsche Bank AG          5.20   12/19/2017   EUR      76.00
Zurcher Kantonalbank F    0.50     6/9/2017   CHF      70.07
Vontobel Financial Pro    3.00    6/13/2017   EUR      39.59
Lehman Brothers Treasu    3.00    9/12/2036   JPY      11.75
DZ Bank AG Deutsche Ze   13.75   12/23/2016   EUR      74.55
UBS AG/London            12.30     6/9/2017   EUR      75.63
UBS AG/London             7.90   10/13/2017   EUR      76.85
UBS AG/London            12.30    12/9/2016   EUR      76.03
UBS AG/London             8.90     6/9/2017   EUR      76.60
UBS AG/London             8.70    12/9/2016   EUR      72.67
UBS AG/London            10.40    12/9/2016   EUR      74.74
UBS AG/London            13.10    12/9/2016   EUR      71.62
UBS AG/London            11.00   10/13/2017   EUR      71.14
UBS AG/London            17.70    12/9/2016   EUR      67.88
UBS AG/London            12.80     6/9/2017   EUR      70.11
UBS AG/London             9.70    12/9/2016   EUR      71.25
UBS AG/London            11.00     6/9/2017   EUR      74.16
Leonteq Securities AG     9.00   12/14/2016   CHF      75.30
UBS AG/London             9.50     9/4/2017   CHF      36.40
UBS AG/London            10.00     9/2/2016   USD      74.10
UBS AG                    6.30     9/9/2016   EUR      60.50
UBS AG                    6.30    12/9/2016   EUR      53.62
UBS AG                    7.00     9/9/2016   EUR      52.06
UBS AG                    5.80     9/9/2016   EUR      70.89
UBS AG                    3.30    12/9/2016   EUR      60.26
UBS AG                    5.80    12/9/2016   EUR      61.96
UBS AG                    8.30     9/9/2016   EUR      49.98
Vontobel Financial Pro    4.50     9/9/2016   EUR      54.07
Commerzbank AG            5.50    8/25/2016   EUR      45.31
Vontobel Financial Pro    4.95    9/23/2016   EUR      73.32
Bashneft PJSC            12.00    5/19/2025   RUB      60.03
Leonteq Securities AG     8.00    4/24/2017   USD      63.25
DekaBank Deutsche Giro    4.00   12/12/2016   EUR      58.94
Vontobel Financial Pro    7.65     9/9/2016   EUR      63.69
Deutsche Bank AG          4.20   12/20/2016   EUR      55.20
Deutsche Bank AG          6.20    9/20/2016   EUR      76.40
Deutsche Bank AG          6.20   12/20/2016   EUR      74.40
DZ Bank AG Deutsche Ze    8.00   12/23/2016   EUR      75.05
HSBC Trinkaus & Burkha    9.80   12/23/2016   EUR      75.05
Goldman Sachs & Co Wer   15.00    5/24/2017   EUR      74.06
Goldman Sachs & Co Wer   19.00    9/21/2016   EUR      74.02
Goldman Sachs & Co Wer   10.00    9/20/2017   EUR      72.33
BNP Paribas Emissions-    9.50   12/22/2016   EUR      75.46
BNP Paribas Emissions-    9.50    9/22/2016   EUR      77.15
BNP Paribas Emissions-   10.00    9/22/2016   EUR      75.10
BNP Paribas Emissions-   11.00    9/22/2016   EUR      73.22
BNP Paribas Emissions-   13.00    9/22/2016   EUR      74.73
BNP Paribas Emissions-   15.00    9/22/2016   EUR      71.13
BNP Paribas Emissions-   10.00    9/22/2016   EUR      73.18
BNP Paribas Emissions-   12.00   12/22/2016   EUR      71.95
BNP Paribas Emissions-   10.00    9/22/2016   EUR      73.68
BNP Paribas Emissions-    9.00   12/22/2016   EUR      74.38
BNP Paribas Emissions-   10.00   12/22/2016   EUR      72.72
BNP Paribas Emissions-   12.00   12/22/2016   EUR      68.94
BNP Paribas Emissions-   10.00   12/22/2016   EUR      72.48
BNP Paribas Emissions-    4.00    9/22/2016   EUR      73.96
BNP Paribas Emissions-    7.00    9/22/2016   EUR      68.66
BNP Paribas Emissions-   10.00    9/22/2016   EUR      64.17
BNP Paribas Emissions-    4.00   12/22/2016   EUR      72.23
BNP Paribas Emissions-    7.00   12/22/2016   EUR      67.94
BNP Paribas Emissions-   10.00   12/22/2016   EUR      64.39
BNP Paribas Emissions-   10.00   12/22/2016   EUR      76.08
BNP Paribas Emissions-    6.00    9/22/2016   EUR      39.84
BNP Paribas Emissions-    6.00   12/22/2016   EUR      41.35
BNP Paribas Emissions-   10.00   12/22/2016   EUR      36.31
BNP Paribas Emissions-    4.50    9/22/2016   EUR      75.32
BNP Paribas Emissions-    6.00    9/22/2016   EUR      73.31
BNP Paribas Emissions-    6.50    9/22/2016   EUR      71.30
BNP Paribas Emissions-    8.50    9/22/2016   EUR      67.73
BNP Paribas Emissions-   10.00    9/22/2016   EUR      66.15
BNP Paribas Emissions-   11.00    9/22/2016   EUR      64.61
BNP Paribas Emissions-   12.00    9/22/2016   EUR      63.14
BNP Paribas Emissions-    4.50   12/22/2016   EUR      76.09
BNP Paribas Emissions-    7.00   12/22/2016   EUR      71.06
BNP Paribas Emissions-    7.50   12/22/2016   EUR      69.43
BNP Paribas Emissions-    9.50   12/22/2016   EUR      66.79
BNP Paribas Emissions-   10.00   12/22/2016   EUR      65.41
BNP Paribas Emissions-    4.00    9/22/2016   EUR      59.65
BNP Paribas Emissions-    9.00    9/22/2016   EUR      51.79
BNP Paribas Emissions-    4.00   12/22/2016   EUR      60.57
BNP Paribas Emissions-    9.00   12/22/2016   EUR      54.02
BNP Paribas Emissions-   10.00   12/22/2016   EUR      74.37
BNP Paribas Emissions-   12.00    9/22/2016   EUR      54.30
BNP Paribas Emissions-    9.00    9/22/2016   EUR      74.71
BNP Paribas Emissions-    8.50    9/22/2016   EUR      75.94
BNP Paribas Emissions-   13.00    9/22/2016   EUR      76.45
BNP Paribas Emissions-    8.00    9/22/2016   EUR      73.74
BNP Paribas Emissions-    9.00   12/22/2016   EUR      71.59
BNP Paribas Emissions-    6.50    9/22/2016   EUR      52.17
BNP Paribas Emissions-    8.00    9/22/2016   EUR      50.01
BNP Paribas Emissions-    4.50   12/22/2016   EUR      58.44
BNP Paribas Emissions-    8.50   12/22/2016   EUR      50.07
BNP Paribas Emissions-   11.00   12/22/2016   EUR      47.24
BNP Paribas Emissions-   10.00   12/22/2016   EUR      74.57
BNP Paribas Emissions-    6.50    9/22/2016   EUR      44.66
BNP Paribas Emissions-    8.50    9/22/2016   EUR      41.87
BNP Paribas Emissions-   10.00    9/22/2016   EUR      40.68
BNP Paribas Emissions-   13.00    9/22/2016   EUR      38.57
BNP Paribas Emissions-    7.00   12/22/2016   EUR      44.89
BNP Paribas Emissions-    9.00   12/22/2016   EUR      42.81
BNP Paribas Emissions-   11.00   12/22/2016   EUR      41.08
BNP Paribas Emissions-   11.00    9/22/2016   EUR      73.93
BNP Paribas Emissions-   12.00    9/22/2016   EUR      73.19
BNP Paribas Emissions-   13.00    9/22/2016   EUR      70.87
BNP Paribas Emissions-   11.00   12/22/2016   EUR      74.91
BNP Paribas Emissions-   10.00    9/22/2016   EUR      68.81
BNP Paribas Emissions-   12.00    9/22/2016   EUR      65.48
BNP Paribas Emissions-   11.00    9/22/2016   EUR      74.92
BNP Paribas Emissions-    7.00   12/22/2016   EUR      74.04
UniCredit Bank AG         4.00   12/22/2016   EUR      74.07
UniCredit Bank AG         4.00   12/22/2016   EUR      72.98
UniCredit Bank AG         4.00   12/22/2016   EUR      66.59
UniCredit Bank AG         4.00   12/22/2016   EUR      75.17
UniCredit Bank AG         4.00   12/22/2016   EUR      71.43
UniCredit Bank AG         4.00   12/22/2016   EUR      46.39
UniCredit Bank AG         4.00   12/22/2016   EUR      68.83
Zurcher Kantonalbank F    7.02    8/12/2016   CHF      46.13
Notenstein La Roche Pr    3.90    8/21/2018   CHF      69.94
Credit Suisse AG/Nassa    6.00    2/14/2017   CHF      75.41
Credit Suisse AG/Londo    6.00    8/12/2016   CHF      68.95
DekaBank Deutsche Giro    2.60    6/23/2017   EUR      61.69
Notenstein La Roche Pr    7.00    8/14/2017   CHF      74.68
Vontobel Financial Pro    7.25    9/23/2016   EUR      74.33
Vontobel Financial Pro    6.60    9/23/2016   EUR      74.67
Vontobel Financial Pro    8.95    9/23/2016   EUR      70.04
Vontobel Financial Pro    5.55    9/23/2016   EUR      73.63
DZ Bank AG Deutsche Ze    3.80    8/24/2016   EUR      43.81
Leonteq Securities AG     5.20    8/14/2018   CHF      58.91
Vontobel Financial Pro   10.45    9/23/2016   EUR      66.74
Goldman Sachs & Co Wer   21.00    8/24/2016   EUR      71.05
Goldman Sachs & Co Wer   20.00    9/21/2016   EUR      72.67
Goldman Sachs & Co Wer    4.00    8/24/2016   EUR      59.43
Goldman Sachs & Co Wer    6.00    8/24/2016   EUR      53.68
Goldman Sachs & Co Wer   14.00    8/24/2016   EUR      71.34
Goldman Sachs & Co Wer   19.00    8/24/2016   EUR      66.49
Goldman Sachs & Co Wer   14.00    9/21/2016   EUR      72.45
Goldman Sachs & Co Wer   18.00    9/21/2016   EUR      67.87
Goldman Sachs & Co Wer   15.00   12/21/2016   EUR      71.35
Goldman Sachs & Co Wer   13.00    3/22/2017   EUR      74.01
Goldman Sachs & Co Wer   21.00    8/24/2016   EUR      74.27
Goldman Sachs & Co Wer   19.00    9/21/2016   EUR      75.76
Goldman Sachs & Co Wer    6.00    9/21/2016   EUR      73.33
Leonteq Securities AG     8.01    8/10/2016   EUR      63.63
DZ Bank AG Deutsche Ze    4.80    8/24/2016   EUR      76.51
Erste Group Bank AG       6.80    8/28/2016   EUR      69.35
Vontobel Financial Pro    7.70    9/23/2016   EUR      76.40
Vontobel Financial Pro    9.00    9/23/2016   EUR      74.05
Notenstein La Roche Pr    4.10    8/14/2018   CHF      64.72
Notenstein La Roche Pr    6.30    2/14/2017   CHF      45.90
Notenstein La Roche Pr    6.20    2/14/2017   CHF      69.37
Notenstein La Roche Pr    5.00    8/14/2017   CHF      67.90
Notenstein La Roche Pr    4.20    8/15/2016   CHF      39.73
Vontobel Financial Pro    5.90    12/9/2016   EUR      72.27
Vontobel Financial Pro    8.70    12/9/2016   EUR      67.75
Vontobel Financial Pro    7.05    9/23/2016   EUR      71.23
Vontobel Financial Pro    4.65    9/23/2016   EUR      68.36
Vontobel Financial Pro    7.60    9/23/2016   EUR      63.87
Vontobel Financial Pro   10.75    9/23/2016   EUR      58.33
Vontobel Financial Pro    7.80    9/23/2016   EUR      72.81
Vontobel Financial Pro    9.55    9/23/2016   EUR      69.82
Vontobel Financial Pro   10.40    9/23/2016   EUR      74.60
Vontobel Financial Pro    5.85    9/23/2016   EUR      73.43
Vontobel Financial Pro    7.45    9/23/2016   EUR      62.68
Vontobel Financial Pro    4.60    9/23/2016   EUR      67.94
Leonteq Securities AG    10.00   11/14/2016   CHF      43.07
Leonteq Securities AG     8.00   11/14/2016   CHF      69.35
Leonteq Securities AG    10.40   11/14/2016   EUR      66.36
UBS AG/London             8.25     8/7/2017   EUR      69.16
Vontobel Financial Pro    5.45    9/23/2016   EUR      72.97
UBS AG                    4.50   11/11/2016   EUR      75.88
UBS AG                    9.00    8/12/2016   EUR      54.69
UBS AG                    4.50   11/11/2016   EUR      55.18
UBS AG                    8.00    8/12/2016   EUR      56.07
UBS AG                   10.00    8/12/2016   EUR      53.16
UBS AG                    4.80    8/12/2016   EUR      52.21
Leonteq Securities AG/    6.84     2/6/2017   EUR      75.70
Societe Generale Effek    3.14     8/8/2016   EUR      68.37
Vontobel Financial Pro   13.00   12/23/2016   EUR      63.91
Goldman Sachs & Co Wer    5.00   12/21/2016   EUR      67.44
Credit Suisse AG/Londo    7.00   10/10/2016   CHF      73.51
Deutsche Bank AG          4.20   12/20/2016   EUR      64.80
DZ Bank AG Deutsche Ze    8.25   12/19/2016   EUR      61.64
Deutsche Bank AG          4.20   12/20/2016   EUR      57.70
Deutsche Bank AG          4.20    9/20/2016   EUR      76.10
Vontobel Financial Pro   15.50    9/23/2016   EUR      63.67
Credit Suisse AG/Londo    6.50    11/8/2016   CHF      75.69
Goldman Sachs & Co Wer    7.00    9/21/2016   EUR      74.49
Deutsche Bank AG         11.20    9/20/2016   EUR      69.80
Landesbank Baden-Wuert    6.00   10/28/2016   EUR      75.98
Landesbank Baden-Wuert    4.50   10/28/2016   EUR      73.32
Landesbank Baden-Wuert    4.50   10/28/2016   EUR      51.68
Landesbank Baden-Wuert    4.00   10/28/2016   EUR      57.17
Landesbank Baden-Wuert    3.50   10/28/2016   EUR      75.00
Landesbank Baden-Wuert    4.50   10/28/2016   EUR      60.30
Deutsche Bank AG          9.20    9/20/2016   EUR      74.30
Deutsche Bank AG          9.20    9/20/2016   EUR      72.10
Deutsche Bank AG          8.20    9/20/2016   EUR      71.50
Deutsche Bank AG          8.20    9/20/2016   EUR      44.10
Deutsche Bank AG         11.20    9/20/2016   EUR      42.80
Deutsche Bank AG          9.20    9/20/2016   EUR      60.30
Deutsche Bank AG          9.20    9/20/2016   EUR      69.20
Deutsche Bank AG          9.20    9/20/2016   EUR      54.90
Deutsche Bank AG         11.20    9/20/2016   EUR      55.10
HSBC Trinkaus & Burkha   11.70    9/23/2016   EUR      72.17
HSBC Trinkaus & Burkha   12.70    9/23/2016   EUR      70.38
HSBC Trinkaus & Burkha   10.20    9/23/2016   EUR      74.98
HSBC Trinkaus & Burkha    7.90   12/23/2016   EUR      74.81
HSBC Trinkaus & Burkha    6.50    9/23/2016   EUR      47.78
HSBC Trinkaus & Burkha    6.90    9/23/2016   EUR      41.74
HSBC Trinkaus & Burkha    9.20    9/23/2016   EUR      68.94
HSBC Trinkaus & Burkha    6.40    9/23/2016   EUR      74.88
HSBC Trinkaus & Burkha    7.10   12/23/2016   EUR      73.55
HSBC Trinkaus & Burkha    7.40    9/23/2016   EUR      69.09
HSBC Trinkaus & Burkha    9.10    9/23/2016   EUR      72.90
HSBC Trinkaus & Burkha    8.50   12/23/2016   EUR      64.28
HSBC Trinkaus & Burkha    6.70    9/23/2016   EUR      59.64
HSBC Trinkaus & Burkha   11.90    9/23/2016   EUR      69.22
HSBC Trinkaus & Burkha    9.10   12/23/2016   EUR      75.81
HSBC Trinkaus & Burkha    7.60    9/23/2016   EUR      53.75
HSBC Trinkaus & Burkha    5.75    8/26/2016   EUR      55.63
Notenstein La Roche Pr    4.00     5/8/2018   CHF      56.99
Landesbank Baden-Wuert    6.00   10/28/2016   EUR      75.33
Landesbank Baden-Wuert    3.00    7/26/2019   EUR      56.88
DekaBank Deutsche Giro    3.00    5/12/2017   EUR      41.76
DekaBank Deutsche Giro    3.10    5/11/2018   EUR      75.76
DekaBank Deutsche Giro    2.80    5/13/2019   EUR      59.13
Vontobel Financial Pro   14.30    3/24/2017   EUR      75.79
Goldman Sachs & Co Wer   19.00    8/24/2016   EUR      70.27
Goldman Sachs & Co Wer   21.00    8/24/2016   EUR      67.34
Goldman Sachs & Co Wer   21.00    8/24/2016   EUR      69.04
Agrokompleks OOO          0.10    7/29/2019   RUB      41.05
Ladya Finans LLC         12.00   10/29/2021   RUB     100.00
ENEL RUSSIA PJSC         12.10    5/22/2025   RUB      60.03
Russian Post FGUP         2.75    12/6/2023   RUB      60.03
Kommunalbanken AS         0.50    5/27/2022   ZAR      60.60
Societe Generale SA       0.50     4/4/2024   MXN      58.74
Lehman Brothers Treasu    8.28    3/26/2009   USD       1.32
Lehman Brothers Treasu    6.85   12/22/2008   EUR       1.32
Lehman Brothers Treasu    7.55   12/29/2008   USD       1.32
Lehman Brothers Treasu    3.50   10/31/2011   USD       1.32
Lehman Brothers Treasu    0.25   10/19/2012   CHF       1.32
Lehman Brothers Treasu    6.00     8/7/2013   EUR       1.32
Lehman Brothers Treasu   14.10   11/12/2008   USD       1.32
Lehman Brothers Treasu    3.35   10/13/2016   EUR       1.32
Lehman Brothers Treasu   11.00     5/9/2020   USD       1.32
Lehman Brothers Treasu    4.00     6/5/2011   USD       1.32
Lehman Brothers Treasu    2.75   10/28/2009   EUR       1.32
Lehman Brothers Treasu   10.00     8/2/2037   JPY       1.32
Lehman Brothers Treasu    0.75    3/29/2012   EUR       1.32
Societe Generale SA       0.50    5/22/2024   MXN      58.11
Lehman Brothers Treasu    5.50     7/8/2013   EUR       1.32
Lehman Brothers Treasu    5.22     3/1/2024   EUR       1.32
Lehman Brothers Treasu    6.25     9/5/2011   EUR       1.32
Lehman Brothers Treasu   16.80    8/21/2009   USD       1.32
Lehman Brothers Treasu    5.25     7/8/2014   EUR       1.32
Lehman Brothers Treasu    4.10    5/20/2009   USD       1.32
Lehman Brothers Treasu    2.30     6/6/2013   USD       1.32
Lehman Brothers Treasu    4.00    5/30/2010   USD       1.32
Lehman Brothers Treasu    4.00    5/17/2010   USD       1.32
Lehman Brothers Treasu    2.25    5/12/2009   USD       1.32
Lehman Brothers Treasu   13.00    7/25/2012   EUR       1.32
Lehman Brothers Treasu    3.00    8/13/2011   EUR       1.32
Lehman Brothers Treasu    4.05    9/16/2008   EUR       1.32
Municipality Finance P    0.50    4/26/2022   ZAR      59.36
Lehman Brothers Treasu    2.40    6/20/2011   JPY       1.32
Lehman Brothers Treasu    1.60    6/21/2010   JPY       1.32
Lehman Brothers Treasu    4.87    10/8/2013   USD       1.32
Lehman Brothers Treasu    1.95    11/4/2013   EUR       1.32
Lehman Brothers Treasu   11.00     7/4/2011   CHF       1.32
Lehman Brothers Treasu   12.00     7/4/2011   EUR       1.32
Lehman Brothers Treasu   16.00   12/26/2008   USD       1.32
Lehman Brothers Treasu    7.75     1/3/2012   AUD       1.32
Lehman Brothers Treasu    2.50    8/15/2012   CHF       1.32
Lehman Brothers Treasu    6.75     4/5/2012   EUR       1.32
Lehman Brothers Treasu    0.50     8/1/2020   EUR       1.32
Lehman Brothers Treasu    7.39     5/4/2017   USD       1.32
Lehman Brothers Treasu    4.25    5/15/2010   EUR       1.32
Lehman Brothers Treasu    2.00    5/17/2010   EUR       1.32
Lehman Brothers Treasu    7.50    5/30/2010   AUD       1.32
Lehman Brothers Treasu    4.30     6/4/2012   USD       1.32
Lehman Brothers Treasu    2.48    5/12/2009   USD       1.32
Lehman Brothers Treasu    3.63     3/2/2012   EUR       1.32
Municipality Finance P    0.25    6/28/2040   CAD      28.85
Lehman Brothers Treasu   13.00   12/14/2012   USD       1.32
Lehman Brothers Treasu   18.25    10/2/2008   USD       1.32
Lehman Brothers Treasu    6.00    7/28/2010   EUR       1.32
Lehman Brothers Treasu   12.22   11/21/2017   USD       1.32
Lehman Brothers Treasu    7.25    6/20/2010   USD       1.32
Province of Rovigo Ita    0.08   12/28/2035   EUR      64.05
Lehman Brothers Treasu   10.00     1/4/2010   USD       1.32
Lehman Brothers Treasu    1.00    2/26/2010   USD       1.32
Lehman Brothers Treasu    8.00    3/21/2018   USD       1.32
Lehman Brothers Treasu    7.80    3/31/2018   USD       1.32
Lehman Brothers Treasu    6.45    2/20/2010   AUD       1.32
Lehman Brothers Treasu    6.60    5/23/2012   AUD       1.32
Lehman Brothers Treasu   16.00   10/28/2008   USD       1.32
Lehman Brothers Treasu    5.50    4/23/2014   EUR       1.32
Lehman Brothers Treasu   10.60    4/22/2014   MXN       1.32
Lehman Brothers Treasu   10.00    5/22/2009   USD       1.32
Lehman Brothers Treasu   13.50     6/2/2009   USD       1.32
Lehman Brothers Treasu    3.00     6/3/2010   EUR       1.32
Lehman Brothers Treasu    7.50     8/1/2035   EUR       1.32
Lehman Brothers Treasu    4.00   10/12/2010   USD       1.32
Lehman Brothers Treasu    5.25     4/1/2023   EUR       1.32
Lehman Brothers Treasu    4.80   11/16/2012   HKD       1.32
Lehman Brothers Treasu    5.00     9/1/2011   EUR       1.32
Lehman Brothers Treasu    7.00    9/20/2011   USD       1.32
Lehman Brothers Treasu    6.00    3/17/2011   EUR       1.32
Lehman Brothers Treasu    4.70    3/23/2016   EUR       1.32
Lehman Brothers Treasu    7.05     4/8/2015   USD       1.32
Lehman Brothers Treasu    9.50     4/1/2018   USD       1.32
Lehman Brothers Treasu   16.20    5/14/2009   USD       1.32
Lehman Brothers Treasu    2.30    6/27/2013   USD       1.32
Lehman Brothers Treasu    6.00    2/14/2012   EUR       1.32
Lehman Brothers Treasu    4.10    2/19/2010   EUR       1.32
Lehman Brothers Treasu   10.00    6/17/2009   USD       1.32
Lehman Brothers Treasu    4.00   11/24/2016   EUR       1.32
Lehman Brothers Treasu    5.00    3/13/2009   EUR       1.32
Lehman Brothers Treasu   10.00   10/22/2008   USD       1.32
Lehman Brothers Treasu    3.45    5/23/2013   USD       1.32
Lehman Brothers Treasu    9.00     5/6/2011   CHF       1.32
Lehman Brothers Treasu   16.00    11/9/2008   USD       1.32
Lehman Brothers Treasu    4.60     8/1/2013   EUR       1.32
Lehman Brothers Treasu    8.00    5/22/2009   USD       1.32
Lehman Brothers Treasu   15.00     6/4/2009   CHF       1.32
Lehman Brothers Treasu   17.00     6/2/2009   USD       1.32
Lehman Brothers Treasu    6.00    5/12/2017   EUR       1.32
Lehman Brothers Treasu    6.60    2/22/2012   EUR       1.32
Lehman Brothers Treasu    5.00    2/28/2032   EUR       1.32
Lehman Brothers Treasu    3.70     6/6/2009   EUR       1.32
Lehman Brothers Treasu    8.50     7/6/2009   CHF       1.32
Lehman Brothers Treasu    6.00   10/30/2012   USD       1.32
Lehman Brothers Treasu    3.85    4/24/2009   USD       1.32
Lehman Brothers Treasu    8.00    5/22/2009   USD       1.32
Lehman Brothers Treasu    0.50   12/20/2017   AUD       1.32
Lehman Brothers Treasu    0.50   12/20/2017   AUD       1.32
Lehman Brothers Treasu    0.50   12/20/2017   AUD       1.32
Lehman Brothers Treasu    0.50   12/20/2017   USD       1.32
Lehman Brothers Treasu    0.50   12/20/2017   USD       1.32
Lehman Brothers Treasu   10.00    3/27/2009   USD       1.32
Lehman Brothers Treasu    7.75    1/30/2009   EUR       1.32
Lehman Brothers Treasu   13.00    2/16/2009   CHF       1.32
Lehman Brothers Treasu    8.00     8/3/2009   USD       1.32
Lehman Brothers Treasu    4.00    3/10/2011   EUR       1.32
Lehman Brothers Treasu    7.15    3/21/2013   USD       1.32
Lehman Brothers Treasu    3.50    6/20/2011   EUR       1.32
Lehman Brothers Treasu    7.50    2/14/2010   AUD       1.32
Lehman Brothers Treasu    5.00    2/15/2018   EUR       1.32
Lehman Brothers Treasu    7.00    2/15/2012   EUR       1.32
Lehman Brothers Treasu    7.75    2/21/2016   EUR       1.32
Lehman Brothers Treasu    4.50     8/2/2009   USD       1.32
Lehman Brothers Treasu    3.00    12/3/2012   EUR       1.32
Lehman Brothers Treasu    7.00   11/28/2008   CHF       1.32
Lehman Brothers Treasu    7.25    10/6/2008   EUR       1.32
Lehman Brothers Treasu   11.00   12/20/2017   AUD       1.32
Lehman Brothers Treasu    9.30   12/21/2010   EUR       1.32
Lehman Brothers Treasu    5.38     2/4/2014   USD       1.32
Lehman Brothers Treasu   10.00    2/16/2009   CHF       1.32
Lehman Brothers Treasu    6.25   11/30/2012   EUR       1.32
Immigon Portfolioabbau    5.05     8/5/2030   EUR      68.00
Lehman Brothers Treasu    0.01    9/20/2011   USD       1.32
Immigon Portfolioabbau    0.98     3/1/2022   EUR      69.00
Barclays Bank PLC         1.64     6/3/2041   USD      75.27
Lehman Brothers Treasu    8.00   12/27/2032   JPY       1.32
Lehman Brothers Treasu    1.50     2/8/2012   CHF       1.32
Lehman Brothers Treasu    7.50    7/31/2013   GBP       1.32
Banca delle Marche SpA    6.00    6/12/2018   EUR       1.00
Municipality Finance P    0.50   11/25/2020   ZAR      67.88
Eksportfinans ASA         0.25    7/14/2033   CAD      43.50
Lehman Brothers Treasu    3.40    9/21/2009   HKD       1.32
Lehman Brothers Treasu    7.00    7/11/2010   EUR       1.32
Lehman Brothers Treasu    6.00    7/28/2010   EUR       1.32
Lehman Brothers Treasu    4.82   12/18/2036   EUR       1.32
Lehman Brothers Treasu    1.50   10/12/2010   EUR       1.32
Lehman Brothers Treasu    7.00   10/22/2010   EUR       1.32
Lehman Brothers Treasu    8.00   10/23/2008   USD       1.32
Lehman Brothers Treasu    6.00    12/6/2016   USD       1.32
Lehman Brothers Treasu    3.50   12/20/2027   USD       1.32
Lehman Brothers Treasu    8.60    7/31/2013   GBP       1.32
Lehman Brothers Treasu    7.32    7/31/2013   GBP       1.32
Immigon Portfolioabbau    4.20    2/22/2033   EUR      57.50
Lehman Brothers Treasu    9.25    6/20/2012   USD       1.32
Lehman Brothers Treasu    6.00    6/21/2011   EUR       1.32
Lehman Brothers Treasu   14.90   11/16/2010   EUR       1.32
Lehman Brothers Treasu    2.50    11/9/2011   CHF       1.32
Lehman Brothers Treasu    8.80   12/27/2009   EUR       1.32
Lehman Brothers Treasu    9.00    3/17/2009   GBP       1.32
Lehman Brothers Treasu   10.50     8/9/2010   EUR       1.32
Lehman Brothers Treasu    7.63    7/22/2011   HKD       1.32
Lehman Brothers Treasu    0.50   12/20/2017   AUD       1.32
Lehman Brothers Treasu    0.50   12/20/2017   USD       1.32
Lehman Brothers Treasu    0.50   12/20/2017   USD       1.32
Lehman Brothers Treasu    7.50   10/24/2008   USD       1.32
Lehman Brothers Treasu    7.00    2/15/2010   CHF       1.32
Immigon Portfolioabbau    4.21    1/25/2033   EUR      57.63
Lehman Brothers Treasu    8.28    7/31/2013   GBP       1.32
Lehman Brothers Treasu   12.00    7/13/2037   JPY       1.32
Lehman Brothers Treasu   11.00     7/4/2011   USD       1.32
Lehman Brothers Treasu    3.50   10/24/2011   USD       1.32
Lehman Brothers Treasu   13.43     1/8/2009   ILS       1.32
Lehman Brothers Treasu    3.10     6/4/2010   USD       1.32
Lehman Brothers Treasu    9.00    5/15/2022   USD       1.32
Lehman Brothers Treasu   13.15   10/30/2008   USD       1.32
Lehman Brothers Treasu    6.70    4/21/2011   USD       1.32
Lehman Brothers Treasu    2.00    6/21/2011   EUR       1.32
Immigon Portfolioabbau    0.74     3/1/2021   EUR      72.13
Svensk Exportkredit AB    0.50    8/25/2021   ZAR      64.89
Lehman Brothers Treasu    3.00    9/13/2010   JPY      11.75
DZ Bank AG Deutsche Ze    6.25   12/23/2016   EUR      53.47
Landesbank Baden-Wuert    2.55    2/24/2017   EUR      56.69
Vontobel Financial Pro   10.50    9/23/2016   EUR      47.16
Vontobel Financial Pro    5.00    3/16/2017   EUR      76.69
WGZ-Bank AG Westdeutsc    3.25    9/27/2016   EUR      51.44
WGZ-Bank AG Westdeutsc    4.25    9/27/2016   EUR      49.41
LBI HF                    8.65     5/1/2011   ISK       7.63
BNP Paribas Emissions-    7.00    9/22/2016   EUR      68.15
BNP Paribas Emissions-    9.00   12/22/2016   EUR      63.21
BNP Paribas Emissions-    9.00    9/22/2016   EUR      54.80
BNP Paribas Emissions-   12.00   12/22/2016   EUR      51.78
BNP Paribas Emissions-   15.00    9/22/2016   EUR      73.25
Kaupthing ehf             7.00    7/24/2009   ISK      17.63
LBI HF                    5.08     3/1/2013   ISK       7.63
BNP Paribas Emissions-    8.50    9/22/2016   EUR      64.36
BNP Paribas Emissions-    6.00   12/22/2016   EUR      69.43
BNP Paribas Emissions-    7.50   12/22/2016   EUR      66.13
BNP Paribas Emissions-   11.00   12/22/2016   EUR      60.81
BNP Paribas Emissions-   14.00    9/22/2016   EUR      48.92
BNP Paribas Emissions-    6.00   12/22/2016   EUR      61.39
BNP Paribas Emissions-    8.00   12/22/2016   EUR      56.76
BNP Paribas Emissions-    9.00    9/22/2016   EUR      60.19
BNP Paribas Emissions-    6.00   12/22/2016   EUR      64.67
BNP Paribas Emissions-   17.00    9/22/2016   EUR      65.86
BNP Paribas Emissions-   15.00   12/22/2016   EUR      69.19
Lehman Brothers Treasu    8.88    1/28/2011   HKD       9.63
BNP Paribas Emissions-   13.00    9/22/2016   EUR      58.22
BNP Paribas Emissions-    7.00    9/22/2016   EUR      59.94
BNP Paribas Emissions-    7.50    9/22/2016   EUR      57.18
BNP Paribas Emissions-   12.00    9/22/2016   EUR      50.66
BNP Paribas Emissions-    6.50   12/22/2016   EUR      58.76
BNP Paribas Emissions-    9.50   12/22/2016   EUR      54.97
BNP Paribas Emissions-   10.00   12/22/2016   EUR      53.02
BNP Paribas Emissions-   16.00    9/22/2016   EUR      68.30
BNP Paribas Emissions-   14.00   12/22/2016   EUR      71.34
Deutsche Bank AG          5.20    9/20/2016   EUR      70.70
Deutsche Bank AG          6.20    9/20/2016   EUR      68.40
Deutsche Bank AG          5.20    9/20/2016   EUR      68.20
Deutsche Bank AG          5.20    9/20/2016   EUR      65.90
Deutsche Bank AG          5.20    9/20/2016   EUR      70.50
Deutsche Bank AG          4.20    9/20/2016   EUR      72.80
Deutsche Bank AG          6.20    9/20/2016   EUR      72.30
Deutsche Bank AG          5.20    9/20/2016   EUR      72.40
Deutsche Bank AG          5.20    9/20/2016   EUR      66.20
Deutsche Bank AG          5.20    9/20/2016   EUR      60.90
Deutsche Bank AG          4.20   12/20/2016   EUR      72.50
Deutsche Bank AG          6.20   12/20/2016   EUR      70.70
Deutsche Bank AG          6.20   12/20/2016   EUR      47.20
Deutsche Bank AG          4.20   12/20/2016   EUR      67.20
Deutsche Bank AG          4.20   12/20/2016   EUR      42.20
Deutsche Bank AG          4.20   12/20/2016   EUR      40.90
Deutsche Bank AG          6.20   12/20/2016   EUR      41.60
Deutsche Bank AG          4.20   12/20/2016   EUR      66.50
Deutsche Bank AG          6.20   12/20/2016   EUR      76.00
Deutsche Bank AG          6.20   12/20/2016   EUR      72.20
Deutsche Bank AG          4.20   12/20/2016   EUR      69.80
Deutsche Bank AG          5.20   12/20/2016   EUR      70.20
Deutsche Bank AG          5.20   12/20/2016   EUR      67.30
Deutsche Bank AG          4.20   12/20/2016   EUR      55.30
Deutsche Bank AG          6.20   12/20/2016   EUR      56.10
Deutsche Bank AG          4.20   12/20/2016   EUR      53.10
Societe Generale Effek    6.89   10/10/2016   EUR      65.34
Societe Generale Effek   10.33   10/10/2016   EUR      38.30
Societe Generale Effek    9.26   10/10/2016   EUR      43.05
Societe Generale Effek    5.64   10/10/2016   EUR      76.94
Societe Generale Effek    6.07   10/10/2016   EUR      65.54
Societe Generale Effek    6.94   10/10/2016   EUR      62.02
Leonteq Securities AG     3.00    10/2/2017   CHF      70.82
Goldman Sachs & Co Wer    7.00    9/21/2016   EUR      74.46
Goldman Sachs & Co Wer   14.00    9/21/2016   EUR      34.19
Notenstein La Roche Pr    4.80   10/24/2018   CHF      60.74
UBS AG/London             3.10    12/9/2016   EUR      50.96
UBS AG/London             8.20    12/9/2016   EUR      69.57
Vontobel Financial Pro    7.05     9/9/2016   EUR      68.95
Vontobel Financial Pro    9.20     9/9/2016   EUR      42.15
Vontobel Financial Pro    3.80     9/9/2016   EUR      58.96
Goldman Sachs & Co Wer   11.00    9/21/2016   EUR      47.66
Goldman Sachs & Co Wer    6.00    9/21/2016   EUR      67.60
DekaBank Deutsche Giro    6.60    9/16/2016   EUR      65.18
Vontobel Financial Pro   12.95   12/23/2016   EUR      65.27
Vontobel Financial Pro   14.90   12/23/2016   EUR      75.97
Vontobel Financial Pro   13.95   12/23/2016   EUR      69.69
DekaBank Deutsche Giro    3.00    3/29/2018   EUR      74.30
DekaBank Deutsche Giro    2.80     4/1/2019   EUR      72.71
DZ Bank AG Deutsche Ze    8.50    9/23/2016   EUR      63.05
DZ Bank AG Deutsche Ze    7.50    9/23/2016   EUR      42.30
DZ Bank AG Deutsche Ze    7.50    9/23/2016   EUR      67.88
DZ Bank AG Deutsche Ze    6.25    9/23/2016   EUR      63.29
DZ Bank AG Deutsche Ze    5.00    9/23/2016   EUR      66.95
Notenstein La Roche Pr    8.30   10/17/2016   USD      39.34
Notenstein La Roche Pr    7.24   10/13/2016   EUR      54.12
Deutsche Bank AG          7.20    9/20/2016   EUR      75.60
Deutsche Bank AG          6.20    9/20/2016   EUR      71.80
Deutsche Bank AG          6.20    9/20/2016   EUR      57.30
Deutsche Bank AG          5.20    9/20/2016   EUR      55.00
Zurcher Kantonalbank F    6.50    4/10/2018   CHF      61.29
Deutsche Bank AG          6.20    9/20/2016   EUR      52.20
Deutsche Bank AG          7.20    9/20/2016   EUR      55.30
Deutsche Bank AG          5.20    9/20/2016   EUR      59.50
Deutsche Bank AG          5.20    9/20/2016   EUR      57.20
Deutsche Bank AG          5.20    9/20/2016   EUR      52.00
Deutsche Bank AG          6.20    9/20/2016   EUR      52.10
Deutsche Bank AG          5.20    9/20/2016   EUR      69.20
Deutsche Bank AG          5.20    9/20/2016   EUR      73.20
Deutsche Bank AG          5.20    9/20/2016   EUR      68.90
Societe Generale Effek    5.54    9/23/2016   EUR      71.00
Bank Julius Baer & Co     9.42   10/24/2016   EUR      70.75
Goldman Sachs & Co Wer    5.25   11/11/2016   EUR      41.52
Notenstein La Roche Pr    6.50   10/24/2016   CHF      61.17
Leonteq Securities AG     5.60    4/24/2017   CHF      60.23
HSBC Trinkaus & Burkha    9.20    9/23/2016   EUR      61.52
Vontobel Financial Pro    6.00   11/15/2016   EUR      42.06
Deutsche Bank AG          6.20   12/20/2016   EUR      68.40
Deutsche Bank AG          4.20   12/20/2016   EUR      43.00
Deutsche Bank AG          4.20   12/20/2016   EUR      50.50
Deutsche Bank AG          4.20   12/20/2016   EUR      37.30
Deutsche Bank AG          4.20   12/20/2016   EUR      39.60
Deutsche Bank AG          6.20   12/20/2016   EUR      40.40
Deutsche Bank AG          6.20   12/20/2016   EUR      39.20
Deutsche Bank AG          6.20   12/20/2016   EUR      65.00
Deutsche Bank AG          4.20   12/20/2016   EUR      64.30
Deutsche Bank AG          4.20   12/20/2016   EUR      62.50
Deutsche Bank AG          4.20   12/20/2016   EUR      60.60
Deutsche Bank AG          4.20   12/20/2016   EUR      51.00
Deutsche Bank AG          6.20    9/20/2016   EUR      62.40
Deutsche Bank AG          4.20   12/20/2016   EUR      60.50
Deutsche Bank AG          7.20    9/20/2016   EUR      52.30
Leonteq Securities AG     3.00    5/20/2019   CHF      75.59
Landesbank Baden-Wuert    2.50   12/23/2016   EUR      64.08
Landesbank Baden-Wuert    2.00   12/23/2016   EUR      59.41
Landesbank Baden-Wuert    4.00   12/23/2016   EUR      52.50
Landesbank Baden-Wuert    5.00   12/23/2016   EUR      73.73
Landesbank Baden-Wuert    2.00   12/23/2016   EUR      62.63
Landesbank Baden-Wuert    4.00    6/23/2017   EUR      74.17
Landesbank Baden-Wuert    4.20    6/23/2017   EUR      51.65
Landesbank Baden-Wuert    3.20    7/27/2018   EUR      61.69
Landesbank Baden-Wuert    4.00    8/26/2016   EUR      75.55
Landesbank Baden-Wuert    4.40    6/23/2017   EUR      71.29
Landesbank Baden-Wuert    4.50   10/28/2016   EUR      54.73
Landesbank Baden-Wuert    4.50   10/28/2016   EUR      61.13
Landesbank Baden-Wuert    5.00   10/28/2016   EUR      75.26
Landesbank Baden-Wuert    5.50   10/28/2016   EUR      58.65
Deutsche Bank AG          6.20    9/20/2016   EUR      70.90
Deutsche Bank AG          4.20    9/20/2016   EUR      72.10
Deutsche Bank AG          5.20    9/20/2016   EUR      72.20
Deutsche Bank AG          4.20    9/20/2016   EUR      72.30
Deutsche Bank AG          6.20    9/20/2016   EUR      72.50
Deutsche Bank AG          6.20    9/20/2016   EUR      59.60
Societe Generale Effek    2.50    10/7/2016   EUR      60.79
Deutsche Bank AG          4.20   12/20/2016   EUR      75.20
Deutsche Bank AG          6.20   12/20/2016   EUR      73.20
Deutsche Bank AG          5.20   12/20/2016   EUR      70.40
Deutsche Bank AG          4.20   12/20/2016   EUR      75.40
Deutsche Bank AG          4.20   12/20/2016   EUR      72.10
Deutsche Bank AG          4.20   12/20/2016   EUR      46.50
Deutsche Bank AG          5.20   12/20/2016   EUR      46.80
Deutsche Bank AG          4.20   12/20/2016   EUR      72.20
Deutsche Bank AG          4.20   12/20/2016   EUR      69.60
Deutsche Bank AG          4.20   12/20/2016   EUR      44.70
Deutsche Bank AG          6.20   12/20/2016   EUR      45.40
Deutsche Bank AG          6.20   12/20/2016   EUR      69.50
Deutsche Bank AG          6.20   12/20/2016   EUR      67.30
Deutsche Bank AG          6.20   12/20/2016   EUR      65.20
Deutsche Bank AG          4.20   12/20/2016   EUR      64.40
Deutsche Bank AG          5.20   12/20/2016   EUR      75.70
Deutsche Bank AG          4.20   12/20/2016   EUR      75.30
Deutsche Bank AG          5.20   12/20/2016   EUR      71.80
Deutsche Bank AG          4.20   12/20/2016   EUR      66.90
Deutsche Bank AG          4.20   12/20/2016   EUR      57.80
Deutsche Bank AG          5.20   12/20/2016   EUR      55.70
Societe Generale Effek    8.76   10/10/2016   EUR      61.74
Societe Generale Effek    8.00   10/10/2016   EUR      51.87
Societe Generale Effek    7.51   10/10/2016   EUR      45.34
Societe Generale Effek    7.28   10/10/2016   EUR      72.91
Societe Generale Effek    9.00   10/10/2016   EUR      74.86
Societe Generale Effek    9.92   10/10/2016   EUR      74.15
Societe Generale Effek    7.35   10/10/2016   EUR      75.81
Societe Generale Effek   10.26   10/10/2016   EUR      71.50
Societe Generale Effek    8.67   10/10/2016   EUR      58.82
Goldman Sachs & Co Wer   16.00    9/21/2016   EUR      32.70
Goldman Sachs & Co Wer   16.00    9/21/2016   EUR      67.09
Notenstein La Roche Pr    5.20   10/13/2016   CHF      68.94
Notenstein La Roche Pr    4.20    4/10/2018   EUR      55.51
Notenstein La Roche Pr    7.00   10/13/2016   CHF      75.57
UBS AG/London             7.00    12/9/2016   EUR      41.79
UBS AG/London             3.90    12/9/2016   EUR      48.09
UBS AG/London             7.50    12/9/2016   EUR      47.60
UBS AG/London             7.20    12/9/2016   EUR      66.64
UBS AG/London             7.00    12/9/2016   EUR      72.67
Vontobel Financial Pro    8.20     9/9/2016   EUR      73.78
Vontobel Financial Pro    3.70     9/9/2016   EUR      45.73
Vontobel Financial Pro    8.55     9/9/2016   EUR      66.29
WGZ-Bank AG Westdeutsc    4.50    9/27/2016   EUR      69.22
Bank Julius Baer & Co     7.00    10/7/2016   CHF      35.50
Notenstein La Roche Pr    3.50     4/9/2018   CHF      70.94
Vontobel Financial Pro   13.40   12/23/2016   EUR      60.38
DZ Bank AG Deutsche Ze    7.50    9/23/2016   EUR      62.93
DZ Bank AG Deutsche Ze    6.75    9/23/2016   EUR      37.49
DZ Bank AG Deutsche Ze    7.25    9/23/2016   EUR      71.40
DZ Bank AG Deutsche Ze    7.00    9/23/2016   EUR      62.59
Credit Suisse AG/Nassa    6.25   10/17/2016   EUR      49.71
Notenstein La Roche Pr    5.70    4/17/2019   CHF      75.85
Notenstein La Roche Pr    7.30   10/17/2016   EUR      52.32
Notenstein La Roche Pr    3.50   10/17/2016   CHF      69.99
Deutsche Bank AG          6.20    9/20/2016   EUR      75.50
Deutsche Bank AG          7.20    9/20/2016   EUR      57.40
Deutsche Bank AG          5.20    9/20/2016   EUR      52.00
Deutsche Bank AG          6.20    9/20/2016   EUR      55.10
Deutsche Bank AG          7.20    9/20/2016   EUR      52.30
Deutsche Bank AG          6.20    9/20/2016   EUR      55.20
Deutsche Bank AG          5.20    9/20/2016   EUR      55.00
Deutsche Bank AG          6.20    9/20/2016   EUR      49.40
Deutsche Bank AG          6.20    9/20/2016   EUR      73.90
Deutsche Bank AG          6.20    9/20/2016   EUR      69.40
Deutsche Bank AG          6.20    9/20/2016   EUR      73.30
Deutsche Bank AG          6.20    9/20/2016   EUR      69.10
Vontobel Financial Pro    3.10   12/23/2016   EUR      55.01
Goldman Sachs & Co Wer   17.00    9/21/2016   EUR      64.98
Goldman Sachs & Co Wer   16.00    9/21/2016   EUR      44.48
Vontobel Financial Pro    3.25   12/23/2016   EUR      62.83
Societe Generale Effek    6.35    9/23/2016   EUR      68.90
Societe Generale Effek    9.07    9/23/2016   EUR      63.35
Societe Generale Effek    8.76   10/10/2016   EUR      66.30
DekaBank Deutsche Giro    4.20    10/7/2016   EUR      50.47
Zurcher Kantonalbank F    9.40   10/31/2016   CHF      75.98
Landesbank Hessen-Thue    8.40     5/8/2020   EUR      70.75
Leonteq Securities AG     5.80     5/4/2017   CHF      74.10
Notenstein La Roche Pr    6.50   10/24/2016   EUR      74.41
Notenstein La Roche Pr    6.00    4/27/2017   CHF      75.24
HSBC Trinkaus & Burkha    8.40    9/23/2016   EUR      42.61
HSBC Trinkaus & Burkha    6.00    9/23/2016   EUR      68.53
HSBC Trinkaus & Burkha    8.90    9/23/2016   EUR      73.67
Landesbank Hessen-Thue    5.00   11/15/2016   EUR      54.50
Deutsche Bank AG          4.20   12/20/2016   EUR      74.70
Deutsche Bank AG          4.20   12/20/2016   EUR      67.60
Deutsche Bank AG          4.20   12/20/2016   EUR      48.40
Deutsche Bank AG          6.20   12/20/2016   EUR      43.80
Deutsche Bank AG          6.20   12/20/2016   EUR      42.20
Deutsche Bank AG          4.20   12/20/2016   EUR      41.50
Deutsche Bank AG          4.20   12/20/2016   EUR      43.70
Deutsche Bank AG          6.20    9/20/2016   EUR      36.50
Deutsche Bank AG          4.20    9/20/2016   EUR      38.50
Deutsche Bank AG          6.20   12/20/2016   EUR      38.10
Deutsche Bank AG          6.20    9/20/2016   EUR      61.80
Deutsche Bank AG          4.20   12/20/2016   EUR      71.10
Deutsche Bank AG          6.20   12/20/2016   EUR      73.70
Deutsche Bank AG          4.20   12/20/2016   EUR      72.90
Deutsche Bank AG          6.20   12/20/2016   EUR      62.50
Deutsche Bank AG          4.20    9/20/2016   EUR      61.60
Deutsche Bank AG          7.20    9/20/2016   EUR      58.70
Deutsche Bank AG          7.20    9/20/2016   EUR      55.30
Deutsche Bank AG          6.20   12/20/2016   EUR      51.80
Landesbank Baden-Wuert    3.00   12/23/2016   EUR      55.44
Landesbank Baden-Wuert    4.00   12/23/2016   EUR      76.87
Landesbank Baden-Wuert    5.00   12/23/2016   EUR      50.34
Landesbank Baden-Wuert    3.00   12/23/2016   EUR      69.48
Landesbank Baden-Wuert    4.00   12/23/2016   EUR      65.59
Landesbank Baden-Wuert    4.50   10/28/2016   EUR      47.92
Landesbank Baden-Wuert    3.00   10/28/2016   EUR      52.55
Landesbank Baden-Wuert    3.00   10/28/2016   EUR      60.35
Landesbank Baden-Wuert    5.50   10/28/2016   EUR      75.95
Landesbank Baden-Wuert    5.50   10/28/2016   EUR      45.81
Deutsche Bank AG          4.20    9/20/2016   EUR      70.60
Deutsche Bank AG          5.20    9/20/2016   EUR      63.80
Deutsche Bank AG          5.20    9/20/2016   EUR      59.80
Deutsche Bank AG          5.20    9/20/2016   EUR      74.40
Deutsche Bank AG          5.20    9/20/2016   EUR      67.00
Deutsche Bank AG          5.20    9/20/2016   EUR      75.60
Deutsche Bank AG          6.20    9/20/2016   EUR      73.10
Deutsche Bank AG          5.20    9/20/2016   EUR      73.00
Deutsche Bank AG          5.20    9/20/2016   EUR      75.80
Deutsche Bank AG          5.20    9/20/2016   EUR      69.10
Deutsche Bank AG          4.20    9/20/2016   EUR      59.40
Deutsche Bank AG          5.20    9/20/2016   EUR      50.10
Deutsche Bank AG          4.20    9/20/2016   EUR      68.10
Deutsche Bank AG          5.20   12/20/2016   EUR      72.90
Deutsche Bank AG          4.20   12/20/2016   EUR      70.00
Deutsche Bank AG          5.20   12/20/2016   EUR      45.00
Deutsche Bank AG          4.20   12/20/2016   EUR      73.30
Deutsche Bank AG          5.20   12/20/2016   EUR      41.30
Deutsche Bank AG          4.20   12/20/2016   EUR      68.80
Deutsche Bank AG          5.20   12/20/2016   EUR      66.90
Deutsche Bank AG          5.20   12/20/2016   EUR      64.80
Deutsche Bank AG          4.20   12/20/2016   EUR      71.40
Deutsche Bank AG          6.20   12/20/2016   EUR      70.60
Deutsche Bank AG          6.20   12/20/2016   EUR      67.70
Deutsche Bank AG          5.20   12/20/2016   EUR      53.50
Deutsche Bank AG          6.20   12/20/2016   EUR      53.80
Societe Generale Effek    9.88   10/10/2016   EUR      48.98
Societe Generale Effek   11.97   10/10/2016   EUR      36.51
Societe Generale Effek   12.26   10/10/2016   EUR      69.33
Societe Generale Effek    8.16   10/10/2016   EUR      61.53
Societe Generale Effek    6.79   10/10/2016   EUR      74.68
Goldman Sachs & Co Wer    9.00    9/21/2016   EUR      71.37
Notenstein La Roche Pr    3.20   10/24/2018   CHF      69.58
UBS AG/London             4.40    12/9/2016   EUR      54.95
UBS AG/London             5.00    12/9/2016   EUR      75.60
UBS AG/London             3.90    12/9/2016   EUR      76.82
Notenstein Finance Gue    9.00     4/1/2019   EUR      42.25
Notenstein Finance Gue    2.95     4/7/2017   CHF      68.72
Vontobel Financial Pro   10.40     9/9/2016   EUR      62.88
Goldman Sachs & Co Wer   11.00    9/21/2016   EUR      47.66
DekaBank Deutsche Giro    2.80    9/16/2016   EUR      61.55
Vontobel Financial Pro   13.35   12/23/2016   EUR      67.98
Vontobel Financial Pro   12.70   12/23/2016   EUR      59.48
Vontobel Financial Pro   13.90   12/23/2016   EUR      34.70
Vontobel Financial Pro   12.85   12/23/2016   EUR      45.87
DekaBank Deutsche Giro    3.25    3/29/2018   EUR      74.00
DekaBank Deutsche Giro    2.50    3/31/2017   EUR      64.12
DZ Bank AG Deutsche Ze    6.00    9/23/2016   EUR      67.75
DZ Bank AG Deutsche Ze    9.50    9/23/2016   EUR      76.74
DZ Bank AG Deutsche Ze    7.50    9/23/2016   EUR      37.58
DZ Bank AG Deutsche Ze    6.75    9/23/2016   EUR      63.35
Bayerische Landesbank     2.70     7/6/2018   EUR      49.40
Notenstein La Roche Pr    6.40   10/17/2016   CHF      59.40
Deutsche Bank AG          5.20    9/20/2016   EUR      75.40
Deutsche Bank AG          5.20    9/20/2016   EUR      71.60
Deutsche Bank AG          7.20    9/20/2016   EUR      71.90
Deutsche Bank AG          6.20    9/20/2016   EUR      59.70
Zurcher Kantonalbank F    9.00   10/10/2016   CHF      71.81
Deutsche Bank AG          7.20    9/20/2016   EUR      59.80
Landesbank Hessen-Thue    9.50    5/15/2020   EUR      70.41
Deutsche Bank AG          6.20    9/20/2016   EUR      58.60
Deutsche Bank AG          5.20    9/20/2016   EUR      58.40
Deutsche Bank AG          5.20    9/20/2016   EUR      49.30
Deutsche Bank AG          5.20    9/20/2016   EUR      73.80
Vontobel Financial Pro    3.15    9/23/2016   EUR      54.21
Vontobel Financial Pro    2.65   12/23/2016   EUR      48.28
Vontobel Financial Pro    2.80    9/23/2016   EUR      47.59
Goldman Sachs & Co Wer    8.00    9/21/2016   EUR      71.75
Goldman Sachs & Co Wer   16.00    9/21/2016   EUR      58.17
Vontobel Financial Pro    3.45    9/23/2016   EUR      62.01
Societe Generale Effek    7.20    9/23/2016   EUR      66.93
Societe Generale Effek    8.11    9/23/2016   EUR      65.08
Societe Generale Effek   10.06    9/23/2016   EUR      61.75
Societe Generale Effek    6.45   10/10/2016   EUR      71.79
Societe Generale Effek    7.06   10/10/2016   EUR      70.19
Societe Generale Effek    7.88   10/10/2016   EUR      68.18
Societe Generale Effek    9.70   10/10/2016   EUR      64.54
Societe Generale Effek   10.69   10/10/2016   EUR      62.89
DekaBank Deutsche Giro    4.30    10/7/2016   EUR      75.45
Zurcher Kantonalbank F   10.00   10/31/2016   CHF      45.39
Credit Suisse AG/Londo    5.00   10/21/2016   CHF      68.68
Vontobel Financial Pro    7.50   10/28/2016   EUR      70.53
HSBC Trinkaus & Burkha    4.00    5/29/2017   EUR      69.22
UBS AG/London             6.25    4/18/2017   CHF      60.58
Leonteq Securities AG     7.20    4/24/2017   EUR      57.13
HSBC Trinkaus & Burkha    7.80    9/23/2016   EUR      75.01
HSBC Trinkaus & Burkha    7.90    9/23/2016   EUR      69.46
HSBC Trinkaus & Burkha    8.70    9/23/2016   EUR      70.43
HSBC Trinkaus & Burkha    8.60    9/23/2016   EUR      37.01
HSBC Trinkaus & Burkha    7.40    9/23/2016   EUR      73.54
HSBC Trinkaus & Burkha    8.10    9/23/2016   EUR      66.75
HSBC Trinkaus & Burkha    8.00    9/23/2016   EUR      52.46
HSBC Trinkaus & Burkha    8.70    9/23/2016   EUR      62.33
Deutsche Bank AG          4.20    9/20/2016   EUR      40.40
Deutsche Bank AG          4.20   12/20/2016   EUR      69.00
Deutsche Bank AG          6.20    9/20/2016   EUR      40.70
Deutsche Bank AG          6.20   12/20/2016   EUR      75.50
Deutsche Bank AG          6.20   12/20/2016   EUR      69.80
Deutsche Bank AG          4.20   12/20/2016   EUR      74.90
Deutsche Bank AG          6.20    9/20/2016   EUR      38.80
Deutsche Bank AG          4.20    9/20/2016   EUR      36.20
Deutsche Bank AG          4.20   12/20/2016   EUR      38.40
Deutsche Bank AG          6.20   12/20/2016   EUR      63.20
Deutsche Bank AG          6.20   12/20/2016   EUR      61.30
Deutsche Bank AG          4.20   12/20/2016   EUR      61.80
Deutsche Bank AG          6.20   12/20/2016   EUR      71.90
Deutsche Bank AG          5.20    9/20/2016   EUR      62.30
Deutsche Bank AG          7.20    9/20/2016   EUR      49.60
Deutsche Bank AG          7.20    9/20/2016   EUR      62.60
DekaBank Deutsche Giro    3.25    5/30/2018   EUR      71.34
Landesbank Baden-Wuert    3.50   12/23/2016   EUR      58.47
Landesbank Baden-Wuert    4.50   12/23/2016   EUR      54.37
Landesbank Baden-Wuert    3.00    8/24/2018   EUR      61.99
Landesbank Baden-Wuert    3.40    6/22/2018   EUR      68.55
Landesbank Baden-Wuert    4.20    6/23/2017   EUR      43.36
Landesbank Baden-Wuert    2.50   10/28/2016   EUR      68.18
Landesbank Baden-Wuert    4.50   10/28/2016   EUR      72.91
Landesbank Baden-Wuert    4.50   10/28/2016   EUR      73.04
Landesbank Baden-Wuert    3.00   10/28/2016   EUR      65.66
Landesbank Baden-Wuert    6.00   10/28/2016   EUR      74.81
Landesbank Baden-Wuert    3.50   10/27/2017   EUR      62.44
Landesbank Baden-Wuert    2.50    2/24/2017   EUR      74.65
Landesbank Baden-Wuert    3.50    2/24/2017   EUR      56.44
Landesbank Baden-Wuert    4.50    2/24/2017   EUR      53.45
Landesbank Baden-Wuert    5.50    2/24/2017   EUR      73.44
Landesbank Baden-Wuert    5.50    2/24/2017   EUR      64.81
Landesbank Baden-Wuert    5.00    2/24/2017   EUR      57.52
Landesbank Baden-Wuert    4.00    3/24/2017   EUR      43.64
Landesbank Baden-Wuert    5.00    3/24/2017   EUR      72.95
Landesbank Baden-Wuert    3.05    8/25/2017   EUR      69.69
Landesbank Baden-Wuert    5.50    3/24/2017   EUR      56.45
Landesbank Baden-Wuert    4.00    6/23/2017   EUR      59.93
Landesbank Baden-Wuert    3.00    6/23/2017   EUR      61.83
Landesbank Baden-Wuert    3.00    6/22/2018   EUR      70.17
Landesbank Baden-Wuert    3.50   11/24/2017   EUR      70.95
Landesbank Baden-Wuert    3.00    9/23/2016   EUR      56.27
Landesbank Baden-Wuert    6.00    9/23/2016   EUR      46.59
Landesbank Baden-Wuert    3.40   11/24/2017   EUR      56.28
Landesbank Baden-Wuert    4.50    9/23/2016   EUR      45.27
Landesbank Baden-Wuert    3.50    1/26/2018   EUR      53.97
Landesbank Baden-Wuert    4.50    3/23/2018   EUR      70.58
Landesbank Baden-Wuert    4.00    8/25/2017   EUR      54.47
Landesbank Baden-Wuert    3.75   10/27/2017   EUR      61.19
Landesbank Baden-Wuert    3.00     1/4/2019   EUR      66.76
Goldman Sachs & Co Wer   14.00    9/21/2016   EUR      36.99
Leonteq Securities AG     2.75    3/20/2020   CHF      73.24
EFG International Fina    6.00   11/30/2017   EUR      33.18
Leonteq Securities AG     5.00     5/7/2019   CHF      66.25
Notenstein La Roche Pr    5.20    11/4/2016   EUR      55.41
Landesbank Baden-Wuert    3.00    6/28/2019   EUR      68.14
Landesbank Hessen-Thue    4.00     6/5/2019   EUR      67.63
Landesbank Baden-Wuert    6.00    2/24/2017   EUR      54.93
Landesbank Baden-Wuert    4.00    9/23/2016   EUR      66.44
Landesbank Baden-Wuert    3.60   12/23/2016   EUR      51.25
Landesbank Baden-Wuert    5.00    3/24/2017   EUR      73.76
Landesbank Baden-Wuert    5.00    3/24/2017   EUR      59.13
Landesbank Baden-Wuert    6.00    3/24/2017   EUR      74.39
Landesbank Baden-Wuert    5.00    3/24/2017   EUR      51.51
Landesbank Baden-Wuert    5.00    3/24/2017   EUR      41.94
Landesbank Baden-Wuert    4.50    3/24/2017   EUR      70.47
Landesbank Baden-Wuert    4.50    3/24/2017   EUR      71.03
Landesbank Baden-Wuert    4.00    3/24/2017   EUR      60.05
Landesbank Baden-Wuert    3.00    7/28/2017   EUR      54.70
Landesbank Baden-Wuert    3.55    8/25/2017   EUR      55.28
Landesbank Baden-Wuert    3.70    9/22/2017   EUR      48.84
Landesbank Baden-Wuert    3.90    9/22/2017   EUR      53.80
Landesbank Baden-Wuert    3.40    6/23/2017   EUR      66.98
Landesbank Baden-Wuert    3.85   10/27/2017   EUR      60.13
Landesbank Baden-Wuert    4.50    9/23/2016   EUR      50.70
Landesbank Baden-Wuert    3.00    9/23/2016   EUR      72.65
Landesbank Baden-Wuert    3.00    9/23/2016   EUR      77.02
Landesbank Baden-Wuert    4.50    9/23/2016   EUR      75.60
Landesbank Baden-Wuert    5.50    9/23/2016   EUR      72.43
Landesbank Baden-Wuert    3.50    9/23/2016   EUR      47.67
Landesbank Baden-Wuert    4.50    9/23/2016   EUR      53.03
Landesbank Baden-Wuert    3.50    6/22/2018   EUR      61.78
Landesbank Baden-Wuert    3.00    9/28/2018   EUR      60.62
Leonteq Securities AG/    3.22    11/8/2016   USD      68.63
Bayerische Landesbank     3.20    7/27/2018   EUR      51.41
DekaBank Deutsche Giro    2.60    4/21/2017   EUR      54.37
Landesbank Baden-Wuert    3.15   11/25/2016   EUR      52.44
UBS AG                   13.00   12/23/2016   EUR      68.78
UBS AG                    5.25   12/23/2016   EUR      45.10
UBS AG                    9.50   12/23/2016   EUR      37.32
UBS AG                    4.50   12/22/2017   EUR      44.88
UBS AG                    8.25   12/23/2016   EUR      35.15
UBS AG                   10.25   12/23/2016   EUR      33.41
UBS AG                    9.00   12/23/2016   EUR      32.92
UBS AG                    5.00   12/22/2017   EUR      50.98
Credit Suisse AG/Nassa    5.25    5/14/2018   CHF      53.02
Landesbank Baden-Wuert    3.05    6/22/2018   EUR      54.15
DekaBank Deutsche Giro    3.10     5/5/2017   EUR      49.61
HSBC Trinkaus & Burkha    6.00    12/6/2016   EUR      51.47
UBS AG/London             9.75   12/23/2016   EUR      73.63
UBS AG/London            11.00   12/23/2016   EUR      68.31
DekaBank Deutsche Giro    3.15    5/18/2018   EUR      63.20
DekaBank Deutsche Giro    3.65    5/18/2018   EUR      65.07
Barclays Bank PLC         2.30    9/13/2016   EUR      71.10
Notenstein La Roche Pr    6.50     7/2/2018   USD      53.71
DekaBank Deutsche Giro    3.00    6/12/2018   EUR      49.76
UBS AG/London             7.60    8/24/2016   EUR      69.35
DekaBank Deutsche Giro    3.00   12/17/2018   EUR      62.60
Commerzbank AG            5.00   12/22/2016   EUR      56.79
Commerzbank AG            6.00   12/22/2016   EUR      54.27
Commerzbank AG            7.00   12/22/2016   EUR      52.03
Commerzbank AG            7.25   12/22/2016   EUR      72.94
Commerzbank AG            6.00   12/22/2016   EUR      70.98
Commerzbank AG            7.00   12/22/2016   EUR      67.80
Commerzbank AG            8.00   12/22/2016   EUR      64.96
Commerzbank AG            5.25   12/22/2016   EUR      75.73
Commerzbank AG            6.50   12/22/2016   EUR      72.64
Commerzbank AG            6.75   12/22/2016   EUR      74.45
Vontobel Financial Pro    5.00    2/13/2017   EUR      59.45
DekaBank Deutsche Giro    2.50   12/16/2016   EUR      46.71
DekaBank Deutsche Giro    3.00     1/7/2019   EUR      73.10
DZ Bank AG Deutsche Ze    5.00     2/6/2018   EUR      67.20
Vontobel Financial Pro    6.00    8/26/2016   EUR      75.51
Notenstein La Roche Pr    8.00    1/30/2017   CHF      71.92
Societe Generale SA       5.10     9/5/2017   EUR      75.61
Leonteq Securities AG     5.00    1/26/2017   CHF      77.87
Leonteq Securities AG     6.00    1/30/2017   CHF      57.14
UniCredit Bank AG         3.75     9/7/2020   EUR      56.02
DekaBank Deutsche Giro    2.75    7/17/2019   EUR      55.99
BNP Paribas Emissions-   10.00   12/22/2016   EUR      66.70
BNP Paribas Emissions-   10.00   12/22/2016   EUR      71.05
BNP Paribas Emissions-    7.50   12/22/2016   EUR      74.97
BNP Paribas Emissions-   10.00   12/22/2016   EUR      69.22
BNP Paribas Emissions-    5.00   12/22/2016   EUR      74.21
BNP Paribas Emissions-    6.00   12/22/2016   EUR      70.69
BNP Paribas Emissions-    7.00   12/22/2016   EUR      67.52
BNP Paribas Emissions-    7.50   12/22/2016   EUR      66.06
BNP Paribas Emissions-    9.50   12/22/2016   EUR      76.06
BNP Paribas Emissions-    6.00   12/22/2016   EUR      62.12
BNP Paribas Emissions-    6.50   12/22/2016   EUR      59.17
BNP Paribas Emissions-    8.50   12/22/2016   EUR      54.53
BNP Paribas Emissions-    9.00   12/22/2016   EUR      52.38
BNP Paribas Emissions-    6.00   12/22/2016   EUR      56.03
BNP Paribas Emissions-    6.50   12/22/2016   EUR      53.88
BNP Paribas Emissions-    8.00   12/22/2016   EUR      50.33
BNP Paribas Emissions-    9.00   12/22/2016   EUR      48.87
BNP Paribas Emissions-    8.00   12/22/2016   EUR      73.66
BNP Paribas Emissions-   10.00   12/22/2016   EUR      69.40
Notenstein La Roche Pr    8.00     2/6/2017   EUR      64.42
Notenstein La Roche Pr    5.00     2/6/2019   CHF      75.43
Notenstein La Roche Pr    6.00     2/6/2019   CHF      71.65
Vontobel Financial Pro    5.00    8/26/2016   EUR      41.78
Landesbank Hessen-Thue    8.25     3/6/2020   EUR      74.34
Leonteq Securities AG     6.00    2/20/2017   CHF      65.02
Notenstein La Roche Pr    8.80    2/13/2017   CHF      70.42
Notenstein La Roche Pr    7.60    2/13/2017   CHF      76.96
Notenstein La Roche Pr    5.60    2/13/2019   CHF      72.86
Notenstein La Roche Pr    7.60    2/13/2017   CHF      75.06
Notenstein La Roche Pr    6.50    2/13/2017   CHF      72.36
DZ Bank AG Deutsche Ze    5.25     3/6/2018   EUR      73.75
Raiffeisen Centrobank     6.70    3/13/2017   EUR      56.06
Notenstein La Roche Pr    8.00    8/23/2016   EUR      75.08
DekaBank Deutsche Giro    2.75     2/2/2018   EUR      66.36
Zurcher Kantonalbank F   18.00    8/25/2016   CHF      70.92
Zurcher Kantonalbank F   11.00    8/25/2016   EUR      62.28
Leonteq Securities AG    10.40    8/26/2016   CHF      59.19
Commerzbank AG            5.24    2/16/2017   EUR      61.72
Notenstein La Roche Pr    6.90    8/18/2016   CHF      60.04
Leonteq Securities AG     7.20     3/6/2017   CHF      51.41
Leonteq Securities AG     7.80    2/27/2017   EUR      60.08
Notenstein La Roche Pr    5.00    2/27/2019   CHF      60.67
Notenstein La Roche Pr    6.00    2/27/2017   CHF      72.24
Notenstein La Roche Pr    5.70    2/27/2019   CHF      57.81
Credit Suisse AG/Londo    5.11    8/15/2016   CHF      74.60
Zurcher Kantonalbank F    9.00    8/23/2016   EUR      63.86
DekaBank Deutsche Giro    2.40    2/17/2017   EUR      59.90
UniCredit Bank AG         5.00    6/25/2019   EUR      49.08
Credit Suisse AG/Londo   11.25    2/24/2020   USD      71.20
Landesbank Hessen-Thue    5.00    3/27/2019   EUR      59.27
Credit Suisse AG/Nassa    7.00     9/5/2016   EUR      55.11
Bayerische Landesbank     2.60    3/29/2018   EUR      51.47
EFG International Fina    7.20    2/25/2019   EUR      40.87
Vontobel Financial Pro    5.20    8/26/2016   EUR      74.96
Notenstein La Roche Pr    9.00     9/2/2016   CHF      42.52
Notenstein La Roche Pr    7.50     9/2/2016   EUR      58.01
Leonteq Securities AG     5.20     3/6/2017   CHF      61.40
DekaBank Deutsche Giro    2.50    2/24/2017   EUR      73.27
BNP Paribas Emissions-    9.00    9/22/2016   EUR      68.83
BNP Paribas Emissions-    7.50    9/22/2016   EUR      72.94
BNP Paribas Emissions-    9.00    9/22/2016   EUR      69.85
BNP Paribas Emissions-    8.00   12/22/2016   EUR      71.54
BNP Paribas Emissions-    5.00    9/22/2016   EUR      52.71
BNP Paribas Emissions-    6.00    9/22/2016   EUR      49.66
BNP Paribas Emissions-    7.00    9/22/2016   EUR      48.54
BNP Paribas Emissions-    8.00    9/22/2016   EUR      47.86
BNP Paribas Emissions-    7.50    9/22/2016   EUR      71.15
BNP Paribas Emissions-    8.00    9/22/2016   EUR      68.73
BNP Paribas Emissions-    9.50    9/22/2016   EUR      66.59
BNP Paribas Emissions-   10.00    9/22/2016   EUR      64.48
BNP Paribas Emissions-    6.00   12/22/2016   EUR      74.42
BNP Paribas Emissions-    8.50   12/22/2016   EUR      68.27
BNP Paribas Emissions-    5.00    9/22/2016   EUR      74.51
BNP Paribas Emissions-    7.00    9/22/2016   EUR      67.36
BNP Paribas Emissions-    7.50    9/22/2016   EUR      64.87
BNP Paribas Emissions-    9.00    9/22/2016   EUR      61.55
BNP Paribas Emissions-    6.50    9/22/2016   EUR      76.80
BNP Paribas Emissions-    7.00    9/22/2016   EUR      74.75
BNP Paribas Emissions-    7.50    9/22/2016   EUR      72.81
BNP Paribas Emissions-    9.00    9/22/2016   EUR      71.10
BNP Paribas Emissions-   12.00    9/22/2016   EUR      75.12
BNP Paribas Emissions-    8.00    9/22/2016   EUR      73.60
BNP Paribas Emissions-    4.50    9/22/2016   EUR      67.27
BNP Paribas Emissions-    5.00    9/22/2016   EUR      65.57
BNP Paribas Emissions-    5.50    9/22/2016   EUR      63.97
BNP Paribas Emissions-    6.00    9/22/2016   EUR      62.45
BNP Paribas Emissions-    7.50    9/22/2016   EUR      74.51
BNP Paribas Emissions-    9.00    9/22/2016   EUR      71.86
BNP Paribas Emissions-   11.00   12/22/2016   EUR      67.52
BNP Paribas Emissions-    6.00    9/22/2016   EUR      59.63
BNP Paribas Emissions-    7.00    9/22/2016   EUR      55.83
BNP Paribas Emissions-    6.00    9/22/2016   EUR      73.93
BNP Paribas Emissions-    7.00    9/22/2016   EUR      69.75
BNP Paribas Emissions-    8.00    9/22/2016   EUR      66.04
BNP Paribas Emissions-    8.00    9/22/2016   EUR      75.44
BNP Paribas Emissions-   10.00    9/22/2016   EUR      75.82
BNP Paribas Emissions-    8.00    9/22/2016   EUR      74.98
BNP Paribas Emissions-    8.50    9/22/2016   EUR      72.98
BNP Paribas Emissions-    9.00    9/22/2016   EUR      71.74
BNP Paribas Emissions-    9.50    9/22/2016   EUR      70.53
BNP Paribas Emissions-   10.00    9/22/2016   EUR      68.78
BNP Paribas Emissions-   11.00    9/22/2016   EUR      67.18
BNP Paribas Emissions-    8.50   12/22/2016   EUR      72.52
BNP Paribas Emissions-    9.50    9/22/2016   EUR      76.05
BNP Paribas Emissions-   10.00    9/22/2016   EUR      74.96
BNP Paribas Emissions-   10.00   12/22/2016   EUR      74.66
BNP Paribas Emissions-    6.50    9/22/2016   EUR      60.11
BNP Paribas Emissions-    8.00    9/22/2016   EUR      57.92
BNP Paribas Emissions-    8.50    9/22/2016   EUR      55.79
BNP Paribas Emissions-   10.00    9/22/2016   EUR      52.98
BNP Paribas Emissions-   10.00    9/22/2016   EUR      73.98
BNP Paribas Emissions-   12.00    9/22/2016   EUR      69.67
BNP Paribas Emissions-    5.50    9/22/2016   EUR      57.45
BNP Paribas Emissions-    7.50    9/22/2016   EUR      52.28
BNP Paribas Emissions-    9.50    9/22/2016   EUR      48.06
BNP Paribas Emissions-    5.50   12/22/2016   EUR      58.81
BNP Paribas Emissions-    8.00   12/22/2016   EUR      52.02
BNP Paribas Emissions-    9.50    9/22/2016   EUR      73.76
BNP Paribas Emissions-   10.00    9/22/2016   EUR      72.96
BNP Paribas Emissions-   11.00    9/22/2016   EUR      70.64
BNP Paribas Emissions-    8.50   12/22/2016   EUR      75.66
BNP Paribas Emissions-    9.00   12/22/2016   EUR      75.00
BNP Paribas Emissions-    9.50   12/22/2016   EUR      74.36
BNP Paribas Emissions-   11.00   12/22/2016   EUR      70.33
BNP Paribas Emissions-    7.00    9/22/2016   EUR      46.40
BNP Paribas Emissions-    9.00    9/22/2016   EUR      43.38
BNP Paribas Emissions-    9.50    9/22/2016   EUR      41.99
BNP Paribas Emissions-    6.00   12/22/2016   EUR      49.59
BNP Paribas Emissions-    7.50   12/22/2016   EUR      46.64
BNP Paribas Emissions-    8.00   12/22/2016   EUR      45.26
BNP Paribas Emissions-    4.00    9/22/2016   EUR      76.54
BNP Paribas Emissions-    5.00    9/22/2016   EUR      74.81
BNP Paribas Emissions-    6.00    9/22/2016   EUR      72.31
BNP Paribas Emissions-    7.00    9/22/2016   EUR      69.99
BNP Paribas Emissions-    9.00    9/22/2016   EUR      63.18
BNP Paribas Emissions-   10.00    9/22/2016   EUR      62.05
Vontobel Financial Pro    5.35     3/3/2017   EUR      43.56
Vontobel Financial Pro    5.40     3/3/2017   EUR      56.94
Landesbank Hessen-Thue    6.85    9/19/2016   EUR      37.40
Leonteq Securities AG     5.84     9/5/2016   USD      55.59
Zurcher Kantonalbank F    9.40    9/19/2016   CHF      74.78
Zurcher Kantonalbank F    9.60    9/19/2016   CHF      47.42
EFG International Fina    8.99     9/4/2017   EUR      22.85
Landesbank Hessen-Thue    4.00     4/8/2019   EUR      59.96
Notenstein La Roche Pr    8.80     9/5/2016   CHF      59.21
Bank Julius Baer & Co     6.50     3/6/2017   CHF      59.55
Leonteq Securities AG     5.25    3/19/2018   CHF      63.72
UBS AG                    5.60     3/4/2019   EUR      70.81
Notenstein La Roche Pr    6.50    3/13/2017   EUR      53.08
Credit Suisse AG/Nassa    7.00    9/16/2016   CHF      62.84
Credit Suisse AG/Nassa    8.00    9/16/2016   EUR      68.06
DZ Bank AG Deutsche Ze    2.00   12/16/2016   EUR      67.10
Vontobel Financial Pro    4.60   12/23/2016   EUR      61.15
Credit Suisse AG/Nassa    7.00    9/19/2016   CHF      75.32
Credit Suisse AG/Nassa    7.25    9/19/2016   EUR      51.54
Landesbank Hessen-Thue    4.40    10/7/2016   EUR      73.70
Notenstein La Roche Pr    7.00    3/10/2017   EUR      75.77
Goldman Sachs & Co Wer    5.00    9/21/2016   EUR      74.26
Goldman Sachs & Co Wer    7.00    9/21/2016   EUR      72.05
Goldman Sachs & Co Wer    6.00    9/21/2016   EUR      71.88
Goldman Sachs & Co Wer    8.00    9/21/2016   EUR      72.22
Goldman Sachs & Co Wer   16.00    9/21/2016   EUR      71.84
Goldman Sachs & Co Wer   14.00    9/21/2016   EUR      71.03
Goldman Sachs & Co Wer    8.00    9/21/2016   EUR      74.57
Goldman Sachs & Co Wer   10.00    9/21/2016   EUR      69.55
Goldman Sachs & Co Wer   15.00    9/21/2016   EUR      61.62
Goldman Sachs & Co Wer    8.00    9/21/2016   EUR      71.26
Goldman Sachs & Co Wer   14.00    9/21/2016   EUR      61.16
Goldman Sachs & Co Wer    4.00    9/21/2016   EUR      60.17
Goldman Sachs & Co Wer    4.00    9/21/2016   EUR      61.53
Goldman Sachs & Co Wer    6.00    9/21/2016   EUR      54.17
Goldman Sachs & Co Wer    8.00    9/21/2016   EUR      49.60
Goldman Sachs & Co Wer   10.00    9/21/2016   EUR      45.76
Goldman Sachs & Co Wer   15.00    9/21/2016   EUR      39.68
Goldman Sachs & Co Wer    7.00    9/21/2016   EUR      76.90
Goldman Sachs & Co Wer    8.00    9/21/2016   EUR      73.30
Goldman Sachs & Co Wer   10.00    9/21/2016   EUR      70.26
Goldman Sachs & Co Wer   14.00    9/21/2016   EUR      62.43
Goldman Sachs & Co Wer    5.00    9/21/2016   EUR      49.71
Goldman Sachs & Co Wer    7.00    9/21/2016   EUR      46.15
Goldman Sachs & Co Wer   10.00    9/21/2016   EUR      40.43
Goldman Sachs & Co Wer    7.00    9/21/2016   EUR      44.46
Goldman Sachs & Co Wer   15.00    9/21/2016   EUR      36.40
Goldman Sachs & Co Wer    7.00    9/21/2016   EUR      71.63
Goldman Sachs & Co Wer    9.00    9/21/2016   EUR      66.81
Goldman Sachs & Co Wer   16.00    9/21/2016   EUR      56.04
Goldman Sachs & Co Wer   13.00    9/21/2016   EUR      59.07
Goldman Sachs & Co Wer   15.00    9/21/2016   EUR      66.98
Goldman Sachs & Co Wer    6.00    9/21/2016   EUR      74.37
Goldman Sachs & Co Wer   10.00    9/21/2016   EUR      67.35
Goldman Sachs & Co Wer    8.00    9/21/2016   EUR      70.61
Goldman Sachs & Co Wer   14.00    9/21/2016   EUR      61.86
Goldman Sachs & Co Wer   15.00    9/21/2016   EUR      70.18
Goldman Sachs & Co Wer    6.00    9/21/2016   EUR      72.28
Goldman Sachs & Co Wer    7.00    9/21/2016   EUR      69.15
Goldman Sachs & Co Wer    8.00    9/21/2016   EUR      66.29
Goldman Sachs & Co Wer   10.00    9/21/2016   EUR      61.18
Goldman Sachs & Co Wer   14.00    9/21/2016   EUR      55.19
Goldman Sachs & Co Wer   16.00    9/21/2016   EUR      53.57
Goldman Sachs & Co Wer   14.00    9/21/2016   EUR      75.18
Goldman Sachs & Co Wer    4.00    9/21/2016   EUR      65.46
Goldman Sachs & Co Wer    4.00    9/21/2016   EUR      69.07
Notenstein La Roche Pr    3.00    3/27/2018   CHF      74.37
UniCredit Bank AG         4.60     7/2/2018   EUR      45.04
Notenstein La Roche Pr    8.20    9/20/2016   USD      57.52
Notenstein La Roche Pr    7.20    9/20/2016   EUR      55.04
Leonteq Securities AG     7.00    9/20/2017   CHF      68.20
Commerzbank AG            7.20     3/9/2017   EUR      75.63
Credit Suisse AG/Nassa    6.25    9/26/2016   CHF      58.32
Deutsche Bank AG          5.20    9/20/2016   EUR      62.50
Deutsche Bank AG          5.20    9/20/2016   EUR      59.50
Deutsche Bank AG          5.20    9/20/2016   EUR      56.80
Deutsche Bank AG          6.20   12/20/2016   EUR      64.10
Deutsche Bank AG          5.20   12/20/2016   EUR      63.80
Deutsche Bank AG          5.20   12/20/2016   EUR      60.80
Deutsche Bank AG          5.20    9/20/2016   EUR      74.40
Deutsche Bank AG          6.20   12/20/2016   EUR      75.90
Deutsche Bank AG          5.20   12/20/2016   EUR      75.60
Deutsche Bank AG          5.20    9/20/2016   EUR      74.50
Deutsche Bank AG          5.20    9/20/2016   EUR      71.10
Deutsche Bank AG          6.20   12/20/2016   EUR      76.10
Deutsche Bank AG          5.20   12/20/2016   EUR      75.80
Deutsche Bank AG          5.20   12/20/2016   EUR      72.40
Deutsche Bank AG          6.20   12/20/2016   EUR      72.80
Deutsche Bank AG          5.20    9/20/2016   EUR      51.90
Deutsche Bank AG          5.20    9/20/2016   EUR      49.60
Deutsche Bank AG          5.20    9/20/2016   EUR      47.50
Deutsche Bank AG          5.20   12/20/2016   EUR      53.20
Deutsche Bank AG          6.20   12/20/2016   EUR      53.60
Deutsche Bank AG          6.20   12/20/2016   EUR      51.30
Deutsche Bank AG          5.20   12/20/2016   EUR      50.90
Deutsche Bank AG          5.20   12/20/2016   EUR      48.80
Deutsche Bank AG          6.20   12/20/2016   EUR      49.20
Deutsche Bank AG          5.20    9/20/2016   EUR      76.80
Deutsche Bank AG          5.20    9/20/2016   EUR      72.40
Deutsche Bank AG          6.20   12/20/2016   EUR      74.00
Deutsche Bank AG          5.20   12/20/2016   EUR      73.60
Deutsche Bank AG          5.20    9/20/2016   EUR      46.00
Deutsche Bank AG          5.20    9/20/2016   EUR      44.30
Deutsche Bank AG          5.20    9/20/2016   EUR      42.70
Deutsche Bank AG          5.20    9/20/2016   EUR      41.30
Deutsche Bank AG          6.20   12/20/2016   EUR      47.70
Deutsche Bank AG          5.20   12/20/2016   EUR      47.30
Deutsche Bank AG          5.20   12/20/2016   EUR      45.60
Deutsche Bank AG          6.20   12/20/2016   EUR      46.00
Deutsche Bank AG          6.20   12/20/2016   EUR      44.40
Deutsche Bank AG          5.20   12/20/2016   EUR      44.10
Deutsche Bank AG          5.20   12/20/2016   EUR      42.60
Deutsche Bank AG          6.20   12/20/2016   EUR      43.00
Deutsche Bank AG          5.20    9/20/2016   EUR      74.10
Deutsche Bank AG          5.20    9/20/2016   EUR      71.30
Deutsche Bank AG          5.20    9/20/2016   EUR      68.70
Deutsche Bank AG          5.20    9/20/2016   EUR      66.20
Deutsche Bank AG          5.20   12/20/2016   EUR      72.50
Deutsche Bank AG          6.20   12/20/2016   EUR      72.90
Deutsche Bank AG          6.20   12/20/2016   EUR      70.30
Deutsche Bank AG          5.20   12/20/2016   EUR      69.90
Deutsche Bank AG          5.20   12/20/2016   EUR      67.50
Deutsche Bank AG          6.20   12/20/2016   EUR      67.90
Deutsche Bank AG          6.20   12/20/2016   EUR      61.20
Deutsche Bank AG          5.20   12/20/2016   EUR      58.10
Deutsche Bank AG          6.20   12/20/2016   EUR      58.50
Commerzbank AG            5.80    10/8/2017   EUR      69.41
UBS AG/London             5.30     9/9/2016   EUR      73.80
UBS AG/London             4.50     9/9/2016   EUR      47.88
UBS AG/London             4.10     9/9/2016   EUR      55.35
UBS AG/London             2.60     9/9/2016   EUR      54.21
DZ Bank AG Deutsche Ze    5.20     9/8/2017   EUR      74.91
DZ Bank AG Deutsche Ze    5.60     9/8/2017   EUR      70.37
Zurcher Kantonalbank F    6.28    9/23/2016   CHF      54.35
Goldman Sachs & Co Wer    9.00    9/21/2016   EUR      69.44
Goldman Sachs & Co Wer    9.00    9/21/2016   EUR      67.35
Goldman Sachs & Co Wer    5.00    9/21/2016   EUR      71.02
Goldman Sachs & Co Wer    6.00    9/21/2016   EUR      71.10
Goldman Sachs & Co Wer    7.00    9/21/2016   EUR      69.42
Goldman Sachs & Co Wer    7.00    9/21/2016   EUR      69.42
Goldman Sachs & Co Wer    8.00    9/21/2016   EUR      69.61
Goldman Sachs & Co Wer    8.00    9/21/2016   EUR      69.61
Goldman Sachs & Co Wer    7.00    9/21/2016   EUR      50.78
Goldman Sachs & Co Wer   10.00    9/21/2016   EUR      51.31
Goldman Sachs & Co Wer    7.00    9/21/2016   EUR      50.78
Goldman Sachs & Co Wer    7.00    9/21/2016   EUR      67.78
Goldman Sachs & Co Wer    5.00    9/21/2016   EUR      67.43
Goldman Sachs & Co Wer    8.00    9/21/2016   EUR      70.15
Goldman Sachs & Co Wer    8.00    9/21/2016   EUR      70.15
Goldman Sachs & Co Wer    9.00    9/21/2016   EUR      68.12
Goldman Sachs & Co Wer    9.00    9/21/2016   EUR      70.24
Goldman Sachs & Co Wer    9.00    9/21/2016   EUR      68.12
Goldman Sachs & Co Wer    5.00    9/21/2016   EUR      46.11
Goldman Sachs & Co Wer    6.00    9/21/2016   EUR      41.46
Goldman Sachs & Co Wer    7.00    9/21/2016   EUR      41.58
Goldman Sachs & Co Wer    8.00    9/21/2016   EUR      46.63
Goldman Sachs & Co Wer    8.00    9/21/2016   EUR      41.70
Goldman Sachs & Co Wer    9.00    9/21/2016   EUR      46.81
Goldman Sachs & Co Wer    5.00    9/21/2016   EUR      68.90
Goldman Sachs & Co Wer    6.00    9/21/2016   EUR      69.08
Goldman Sachs & Co Wer    7.00    9/21/2016   EUR      69.25
Goldman Sachs & Co Wer    9.00    9/21/2016   EUR      69.60
Goldman Sachs & Co Wer    8.00    9/21/2016   EUR      69.42
Goldman Sachs & Co Wer    9.00    9/21/2016   EUR      69.60
Goldman Sachs & Co Wer    5.00    9/21/2016   EUR      67.07
Goldman Sachs & Co Wer    8.00    9/21/2016   EUR      67.59
Goldman Sachs & Co Wer   10.00    9/21/2016   EUR      67.94
Goldman Sachs & Co Wer   10.00    9/21/2016   EUR      67.94
Goldman Sachs & Co Wer   10.00    9/21/2016   EUR      67.94
Goldman Sachs & Co Wer   10.00    9/21/2016   EUR      67.94
Goldman Sachs & Co Wer    5.00    9/21/2016   EUR      51.42
Goldman Sachs & Co Wer    6.00    9/21/2016   EUR      54.37
Goldman Sachs & Co Wer    6.00    9/21/2016   EUR      51.60
Goldman Sachs & Co Wer    8.00    9/21/2016   EUR      51.94
Goldman Sachs & Co Wer    8.00    9/21/2016   EUR      51.94
Goldman Sachs & Co Wer    8.00    9/21/2016   EUR      51.94
Goldman Sachs & Co Wer    8.00    9/21/2016   EUR      51.94
UBS AG                    9.15    9/16/2016   CHF      53.79
Landesbank Hessen-Thue    6.75    4/17/2020   EUR      68.66
Leonteq Securities AG     8.00    3/31/2017   CHF      74.35
DekaBank Deutsche Giro    3.75    3/10/2017   EUR      67.89
DekaBank Deutsche Giro    3.00    3/10/2017   EUR      73.42
Notenstein La Roche Pr    4.00    9/27/2019   CHF      63.19
Notenstein La Roche Pr    4.50    3/27/2018   EUR      54.40
Notenstein La Roche Pr    6.50    9/27/2016   CHF      69.16
Notenstein La Roche Pr    6.50    9/27/2016   CHF      73.57
Notenstein La Roche Pr    5.00    3/27/2019   CHF      59.37
Credit Suisse AG/Nassa    7.00    10/3/2016   CHF      60.55
Credit Suisse AG/Nassa    6.00    10/3/2016   EUR      51.25
Bayerische Landesbank     2.70     6/8/2018   EUR      75.46
Landesbank Hessen-Thue    6.30   10/17/2016   EUR      35.30
Bank J Safra Sarasin A    7.20    9/20/2016   CHF      73.98
Banque Cantonale Vaudo    6.13    9/20/2016   USD      56.25
DekaBank Deutsche Giro    2.75    9/18/2018   EUR      70.24
DekaBank Deutsche Giro    2.70    3/16/2018   EUR      51.50
DekaBank Deutsche Giro    6.00    9/16/2016   EUR      64.36
Vontobel Financial Pro    7.25   12/23/2016   EUR      70.18
Vontobel Financial Pro    8.10    9/23/2016   EUR      68.42
Vontobel Financial Pro    7.65   12/23/2016   EUR      70.53
Vontobel Financial Pro    8.20    9/23/2016   EUR      60.22
Vontobel Financial Pro    4.60    9/23/2016   EUR      68.20
Vontobel Financial Pro    6.80    9/23/2016   EUR      67.15
Vontobel Financial Pro    3.85    9/23/2016   EUR      74.17
Vontobel Financial Pro    8.90    9/23/2016   EUR      75.89
Vontobel Financial Pro    5.85   12/23/2016   EUR      70.57
Vontobel Financial Pro    6.50    9/23/2016   EUR      69.17
Vontobel Financial Pro    7.25   12/23/2016   EUR      47.58
Vontobel Financial Pro    4.00   12/23/2016   EUR      55.34
Vontobel Financial Pro    7.90    9/23/2016   EUR      45.81
Vontobel Financial Pro    4.05    9/23/2016   EUR      54.32
Vontobel Financial Pro    7.35   12/23/2016   EUR      68.37
Vontobel Financial Pro    8.30    9/23/2016   EUR      66.60
Vontobel Financial Pro    8.60    9/23/2016   EUR      68.69
Vontobel Financial Pro    6.65   12/23/2016   EUR      41.88
Vontobel Financial Pro    3.15   12/23/2016   EUR      48.47
Vontobel Financial Pro    7.35    9/23/2016   EUR      40.26
Vontobel Financial Pro    3.30    9/23/2016   EUR      47.65
Vontobel Financial Pro    7.45   12/23/2016   EUR      52.08
Vontobel Financial Pro    3.05   12/23/2016   EUR      62.76
Vontobel Financial Pro    8.30    9/23/2016   EUR      50.27
Vontobel Financial Pro    3.15    9/23/2016   EUR      61.97
Vontobel Financial Pro    7.50   12/23/2016   EUR      65.55
Vontobel Financial Pro    8.40    9/23/2016   EUR      63.74
Goldman Sachs & Co Wer   10.00    9/21/2016   EUR      64.27
Goldman Sachs & Co Wer   11.00    9/21/2016   EUR      64.43
Goldman Sachs & Co Wer   11.00    9/21/2016   EUR      64.43
Goldman Sachs & Co Wer    6.00    9/21/2016   EUR      50.61
Goldman Sachs & Co Wer    8.00    9/21/2016   EUR      50.96
Goldman Sachs & Co Wer    8.00    9/21/2016   EUR      50.96
Goldman Sachs & Co Wer    7.00    9/21/2016   EUR      61.14
Goldman Sachs & Co Wer   11.00    9/21/2016   EUR      65.48
Goldman Sachs & Co Wer   11.00    9/21/2016   EUR      65.48
Goldman Sachs & Co Wer   11.00    9/21/2016   EUR      65.48
Goldman Sachs & Co Wer    7.00    9/21/2016   EUR      49.66
Goldman Sachs & Co Wer    9.00    9/21/2016   EUR      50.01
Goldman Sachs & Co Wer    9.00    9/21/2016   EUR      50.01
Goldman Sachs & Co Wer    9.00    9/21/2016   EUR      50.01
Goldman Sachs & Co Wer    9.00    9/21/2016   EUR      50.01
Goldman Sachs & Co Wer   15.00    9/21/2016   EUR      58.05
Goldman Sachs & Co Wer   16.00    9/21/2016   EUR      57.14
Goldman Sachs & Co Wer    7.00    9/21/2016   EUR      49.49
Goldman Sachs & Co Wer   17.00    9/21/2016   EUR      57.14
Goldman Sachs & Co Wer    8.00    9/21/2016   EUR      41.55
Goldman Sachs & Co Wer    6.00    9/21/2016   EUR      46.03
Goldman Sachs & Co Wer   14.00    9/21/2016   EUR      67.09
Goldman Sachs & Co Wer   16.00    9/21/2016   EUR      64.60
Notenstein La Roche Pr    3.40    3/21/2025   CHF      72.08
Deutsche Bank AG          6.20    9/20/2016   EUR      74.50
Deutsche Bank AG          6.20    9/20/2016   EUR      74.00
Deutsche Bank AG          4.20    9/20/2016   EUR      73.70
Credit Suisse AG/Nassa    7.00   10/10/2016   CHF      60.72
Notenstein La Roche Pr    4.20     4/8/2019   CHF      67.15
Notenstein La Roche Pr    7.20    10/7/2016   CHF      62.74
Notenstein La Roche Pr    4.70     4/6/2018   CHF      63.54
Deutsche Bank AG          4.20    9/20/2016   EUR      74.20
Deutsche Bank AG          6.20    9/20/2016   EUR      74.60
Deutsche Bank AG          4.20    9/20/2016   EUR      45.40
Deutsche Bank AG          4.20    9/20/2016   EUR      69.00
Deutsche Bank AG          4.20    9/20/2016   EUR      64.40
Deutsche Bank AG          4.20    9/20/2016   EUR      43.60
Deutsche Bank AG          6.20    9/20/2016   EUR      65.40
Deutsche Bank AG          4.20    9/20/2016   EUR      47.30
Deutsche Bank AG          6.20    9/20/2016   EUR      71.80
Deutsche Bank AG          4.20    9/20/2016   EUR      42.60
Deutsche Bank AG          6.20    9/20/2016   EUR      42.90
Deutsche Bank AG          6.20    9/20/2016   EUR      41.40
Deutsche Bank AG          4.20    9/20/2016   EUR      41.60
Deutsche Bank AG          4.20    9/20/2016   EUR      39.80
Deutsche Bank AG          6.20    9/20/2016   EUR      40.10
Deutsche Bank AG          4.20    9/20/2016   EUR      37.40
Deutsche Bank AG          6.20    9/20/2016   EUR      37.60
Deutsche Bank AG          4.20    9/20/2016   EUR      76.70
Deutsche Bank AG          6.20    9/20/2016   EUR      77.00
Deutsche Bank AG          4.20    9/20/2016   EUR      72.20
Deutsche Bank AG          6.20    9/20/2016   EUR      72.50
Deutsche Bank AG          6.20    9/20/2016   EUR      68.50
Deutsche Bank AG          4.20    9/20/2016   EUR      68.20
Deutsche Bank AG          6.20    9/20/2016   EUR      64.90
Deutsche Bank AG          4.20    9/20/2016   EUR      64.70
Deutsche Bank AG          6.20    9/20/2016   EUR      66.40
Deutsche Bank AG          4.20    9/20/2016   EUR      63.90
Deutsche Bank AG          6.20    9/20/2016   EUR      64.10
Deutsche Bank AG          6.20    9/20/2016   EUR      74.20
Deutsche Bank AG          4.20    9/20/2016   EUR      74.00
Deutsche Bank AG          6.20    9/20/2016   EUR      71.40
Deutsche Bank AG          4.20    9/20/2016   EUR      71.20
Deutsche Bank AG          6.20    9/20/2016   EUR      68.80
Deutsche Bank AG          4.20    9/20/2016   EUR      68.50
Deutsche Bank AG          4.20    9/20/2016   EUR      66.10
Deutsche Bank AG          4.20    9/20/2016   EUR      67.90
Deutsche Bank AG          6.20    9/20/2016   EUR      47.60
Deutsche Bank AG          4.20    9/20/2016   EUR      71.50
Deutsche Bank AG          6.20    9/20/2016   EUR      69.20
Deutsche Bank AG          4.20    9/20/2016   EUR      71.00
Deutsche Bank AG          6.20    9/20/2016   EUR      68.20
Deutsche Bank AG          6.20    9/20/2016   EUR      66.00
Deutsche Bank AG          4.20    9/20/2016   EUR      65.80
Deutsche Bank AG          6.20    9/20/2016   EUR      63.90
Deutsche Bank AG          4.20    9/20/2016   EUR      63.60
Deutsche Bank AG          6.20    9/20/2016   EUR      59.90
Deutsche Bank AG          4.20    9/20/2016   EUR      59.70
Deutsche Bank AG          4.20    9/20/2016   EUR      65.10
Deutsche Bank AG          4.20    9/20/2016   EUR      74.20
Deutsche Bank AG          6.20    9/20/2016   EUR      74.50
Deutsche Bank AG          6.20    9/20/2016   EUR      70.60
Deutsche Bank AG          4.20    9/20/2016   EUR      70.30
Deutsche Bank AG          6.20    9/20/2016   EUR      67.10
Deutsche Bank AG          4.20    9/20/2016   EUR      66.80
Deutsche Bank AG          6.20    9/20/2016   EUR      43.80
Deutsche Bank AG          6.20    9/20/2016   EUR      75.70
Deutsche Bank AG          4.20    9/20/2016   EUR      75.40
Deutsche Bank AG          6.20    9/20/2016   EUR      42.20
Deutsche Bank AG          4.20    9/20/2016   EUR      75.70
Deutsche Bank AG          6.20    9/20/2016   EUR      69.30
Deutsche Bank AG          4.20    9/20/2016   EUR      69.00
Deutsche Bank AG          4.20    9/20/2016   EUR      66.00
Deutsche Bank AG          6.20    9/20/2016   EUR      66.30
Deutsche Bank AG          6.20    9/20/2016   EUR      63.60
Deutsche Bank AG          4.20    9/20/2016   EUR      63.30
Deutsche Bank AG          6.20    9/20/2016   EUR      61.00
Deutsche Bank AG          4.20    9/20/2016   EUR      60.80
Deutsche Bank AG          4.20    9/20/2016   EUR      56.70
Deutsche Bank AG          6.20    9/20/2016   EUR      57.00
Deutsche Bank AG          4.20    9/20/2016   EUR      54.30
Deutsche Bank AG          6.20    9/20/2016   EUR      54.50
Deutsche Bank AG          6.20    9/20/2016   EUR      52.30
Deutsche Bank AG          4.20    9/20/2016   EUR      52.00
Deutsche Bank AG          6.20    9/20/2016   EUR      50.20
Deutsche Bank AG          4.20    9/20/2016   EUR      49.90
Deutsche Bank AG          4.20    9/20/2016   EUR      74.40
Deutsche Bank AG          4.20    9/20/2016   EUR      49.50
Deutsche Bank AG          6.20    9/20/2016   EUR      49.70
Deutsche Bank AG          6.20    9/20/2016   EUR      66.90
Deutsche Bank AG          6.20    9/20/2016   EUR      64.70
Deutsche Bank AG          4.20    9/20/2016   EUR      66.60
Deutsche Bank AG          6.20    9/20/2016   EUR      71.20
Deutsche Bank AG          6.20    9/20/2016   EUR      45.60
Deutsche Bank AG          4.20    9/20/2016   EUR      41.90
Bayerische Landesbank     3.10    11/4/2016   EUR      48.46
Vontobel Financial Pro    3.50     4/6/2017   EUR      66.94
Leonteq Securities AG     9.00   10/10/2016   CHF      73.87
Bank Julius Baer & Co     7.80   10/14/2016   CHF      41.40
Landesbank Hessen-Thue    4.00    4/30/2019   EUR      52.67
Bank Julius Baer & Co     9.40   10/14/2016   EUR      51.30
BNP Paribas Emissions-   10.00    9/22/2016   EUR      74.83
BNP Paribas Emissions-    6.00    9/22/2016   EUR      62.41
BNP Paribas Emissions-   10.00    9/22/2016   EUR      74.46
BNP Paribas Emissions-    9.50    9/22/2016   EUR      65.95
BNP Paribas Emissions-    7.50   12/22/2016   EUR      72.21
BNP Paribas Emissions-    7.00    9/22/2016   EUR      74.86
BNP Paribas Emissions-    8.00   12/22/2016   EUR      73.59
BNP Paribas Emissions-    9.50   12/22/2016   EUR      69.38
BNP Paribas Emissions-    5.50    9/22/2016   EUR      52.05
BNP Paribas Emissions-    7.50    9/22/2016   EUR      47.82
BNP Paribas Emissions-    9.50    9/22/2016   EUR      44.31
BNP Paribas Emissions-    6.00   12/22/2016   EUR      51.28
BNP Paribas Emissions-    8.50   12/22/2016   EUR      46.33
BNP Paribas Emissions-    7.50    9/22/2016   EUR      75.29
BNP Paribas Emissions-    8.50    9/22/2016   EUR      71.96
BNP Paribas Emissions-   10.00    9/22/2016   EUR      68.98
BNP Paribas Emissions-   11.00    9/22/2016   EUR      67.63
BNP Paribas Emissions-    9.50   12/22/2016   EUR      69.78
BNP Paribas Emissions-    6.00    9/22/2016   EUR      43.04
BNP Paribas Emissions-    8.00    9/22/2016   EUR      40.45
BNP Paribas Emissions-    9.50    9/22/2016   EUR      38.16
BNP Paribas Emissions-    6.50   12/22/2016   EUR      43.25
BNP Paribas Emissions-    8.50   12/22/2016   EUR      40.17
BNP Paribas Emissions-    7.00    9/22/2016   EUR      71.63
BNP Paribas Emissions-    9.00    9/22/2016   EUR      66.82
BNP Paribas Emissions-   10.00    9/22/2016   EUR      76.08
BNP Paribas Emissions-    9.00    9/22/2016   EUR      73.61
BNP Paribas Emissions-    7.50   12/22/2016   EUR      70.89
BNP Paribas Emissions-    9.50   12/22/2016   EUR      66.97
BNP Paribas Emissions-    5.00    9/22/2016   EUR      76.36
BNP Paribas Emissions-    7.00    9/22/2016   EUR      68.62
BNP Paribas Emissions-    9.00    9/22/2016   EUR      64.36
BNP Paribas Emissions-   11.00    9/22/2016   EUR      60.66
BNP Paribas Emissions-    5.00   12/22/2016   EUR      74.05
BNP Paribas Emissions-    5.50    9/22/2016   EUR      72.58
BNP Paribas Emissions-    8.00    9/22/2016   EUR      67.48
BNP Paribas Emissions-    7.00    9/22/2016   EUR      68.60
BNP Paribas Emissions-    6.00    9/22/2016   EUR      72.71
BNP Paribas Emissions-    6.50    9/22/2016   EUR      72.82
BNP Paribas Emissions-    8.00    9/22/2016   EUR      69.73
BNP Paribas Emissions-   10.00    9/22/2016   EUR      64.24
BNP Paribas Emissions-    7.00   12/22/2016   EUR      71.17
BNP Paribas Emissions-    8.50   12/22/2016   EUR      68.83
BNP Paribas Emissions-    9.00    9/22/2016   EUR      74.77
BNP Paribas Emissions-   10.00    9/22/2016   EUR      69.98
BNP Paribas Emissions-   10.00    9/22/2016   EUR      33.79
BNP Paribas Emissions-   10.00    9/22/2016   EUR      50.58
BNP Paribas Emissions-    9.00   12/22/2016   EUR      52.74
DekaBank Deutsche Giro    3.25    5/18/2018   EUR      68.29
Credit Suisse AG/Nassa    6.25   10/10/2016   EUR      66.58
Deutsche Bank AG          5.20    9/20/2016   EUR      71.60
Deutsche Bank AG          5.20    9/20/2016   EUR      65.20
Deutsche Bank AG          5.20    9/20/2016   EUR      68.10
Deutsche Bank AG          5.20    9/20/2016   EUR      73.80
Deutsche Bank AG          5.20    9/20/2016   EUR      69.10
Deutsche Bank AG          5.20    9/20/2016   EUR      45.50
Deutsche Bank AG          5.20    9/20/2016   EUR      66.70
Deutsche Bank AG          5.20    9/20/2016   EUR      43.70
Deutsche Bank AG          5.20    9/20/2016   EUR      42.10
Deutsche Bank AG          5.20    9/20/2016   EUR      39.90
Deutsche Bank AG          5.20    9/20/2016   EUR      37.50
Deutsche Bank AG          5.20    9/20/2016   EUR      68.40
Deutsche Bank AG          5.20    9/20/2016   EUR      64.00
DZ Bank AG Deutsche Ze   14.75   12/19/2016   EUR      75.53
Goldman Sachs & Co Wer    8.00   11/23/2016   EUR      66.23
Goldman Sachs & Co Wer    8.00   12/21/2016   EUR      66.75
Goldman Sachs & Co Wer    8.00    1/25/2017   EUR      67.41
Goldman Sachs & Co Wer    8.00    3/22/2017   EUR      68.37
Goldman Sachs & Co Wer    8.00    3/21/2018   EUR      72.75
Goldman Sachs & Co Wer   17.00    1/25/2017   EUR      77.07
DZ Bank AG Deutsche Ze    9.20    9/19/2016   EUR      74.75
DZ Bank AG Deutsche Ze    8.10   12/19/2016   EUR      76.32
DZ Bank AG Deutsche Ze    6.70    6/19/2017   EUR      75.88
UBS AG/London             9.10    7/14/2017   EUR      73.28
UBS AG/London            16.40   11/11/2016   EUR      59.90
UBS AG/London            10.30    7/14/2017   EUR      70.74
Deutsche Bank AG          8.20    3/21/2017   EUR      70.10
Deutsche Bank AG          8.20    6/20/2017   EUR      70.20
Deutsche Bank AG          8.20    3/21/2017   EUR      75.50
HSBC Trinkaus & Burkha    4.00    6/16/2017   EUR      55.98
Bank Julius Baer & Co    10.60    12/9/2016   CHF      51.15
DZ Bank AG Deutsche Ze    5.50    9/23/2016   EUR      71.76
DZ Bank AG Deutsche Ze    7.10    9/23/2016   EUR      69.42
DZ Bank AG Deutsche Ze    5.30   12/23/2016   EUR      72.15
DZ Bank AG Deutsche Ze    7.00   12/23/2016   EUR      70.31
DZ Bank AG Deutsche Ze    9.20    9/23/2016   EUR      75.18
DZ Bank AG Deutsche Ze    8.00   12/23/2016   EUR      76.20
DZ Bank AG Deutsche Ze    5.40    3/24/2017   EUR      75.47
DZ Bank AG Deutsche Ze    9.10   12/23/2016   EUR      76.30
DZ Bank AG Deutsche Ze    5.20    9/23/2016   EUR      71.92
DZ Bank AG Deutsche Ze   11.80    9/23/2016   EUR      63.82
DZ Bank AG Deutsche Ze    6.00   12/23/2016   EUR      73.17
DZ Bank AG Deutsche Ze   11.10   12/23/2016   EUR      66.43
DZ Bank AG Deutsche Ze    8.60   12/23/2016   EUR      72.88
HSBC Trinkaus & Burkha   16.50    9/23/2016   EUR      65.19
HSBC Trinkaus & Burkha    7.40    9/23/2016   EUR      74.58
HSBC Trinkaus & Burkha   13.70   12/23/2016   EUR      68.23
HSBC Trinkaus & Burkha   13.70    9/23/2016   EUR      74.60
HSBC Trinkaus & Burkha   13.70    9/23/2016   EUR      73.62
HSBC Trinkaus & Burkha   11.60   12/23/2016   EUR      76.19
HSBC Trinkaus & Burkha   11.60    3/24/2017   EUR      76.41
HSBC Trinkaus & Burkha    9.20    6/23/2017   EUR      58.03
HSBC Trinkaus & Burkha   10.40    1/27/2017   EUR      56.25
HSBC Trinkaus & Burkha   11.50   12/23/2016   EUR      73.58
HSBC Trinkaus & Burkha   10.20    3/24/2017   EUR      75.50
HSBC Trinkaus & Burkha    9.20    1/27/2017   EUR      76.79
HSBC Trinkaus & Burkha   24.20    9/23/2016   EUR #N/A N/A
HSBC Trinkaus & Burkha   24.30    9/23/2016   EUR #N/A N/A
HSBC Trinkaus & Burkha   12.60    3/24/2017   EUR      65.93
HSBC Trinkaus & Burkha    7.60    3/24/2017   EUR      72.21
HSBC Trinkaus & Burkha    9.40    1/27/2017   EUR      69.07
HSBC Trinkaus & Burkha   17.60    9/23/2016   EUR      60.38
HSBC Trinkaus & Burkha    8.90    9/23/2016   EUR      68.97
HSBC Trinkaus & Burkha   14.40   12/23/2016   EUR      63.54
HSBC Trinkaus & Burkha   14.80    9/23/2016   EUR      67.71
HSBC Trinkaus & Burkha   11.40   12/23/2016   EUR      72.76
Notenstein La Roche Pr    2.70    9/22/2026   CHF      69.63
UBS AG/London             9.25   12/23/2016   EUR      71.02
UBS AG/London             8.50   12/23/2016   EUR      59.07
UBS AG/London             9.50   12/23/2016   EUR      59.66
UBS AG/London             8.75   12/23/2016   EUR      63.47
UniCredit Bank AG         3.50    1/29/2020   EUR      59.40
UniCredit Bank AG         3.50   12/19/2019   EUR      62.39
Credit Suisse AG/Nassa    6.00   11/28/2016   CHF      53.96
Leonteq Securities AG     6.75    12/5/2016   CHF      53.05
Notenstein La Roche Pr    8.50   11/28/2016   CHF      46.01
Notenstein La Roche Pr    6.50   11/28/2016   CHF      72.47
Leonteq Securities AG/    7.60   11/28/2016   CHF      67.56
Leonteq Securities AG/    6.00   11/28/2016   CHF      46.53
Notenstein La Roche Pr    7.20   11/21/2016   CHF      76.86
Notenstein La Roche Pr    6.20   11/21/2016   CHF      58.24
Notenstein La Roche Pr    6.50   11/21/2016   CHF      75.04
Societe Generale SA       1.00   12/22/2017   GBP       0.99
UniCredit Bank AG         3.79   12/19/2016   EUR      61.61
UBS AG/London            16.75   12/23/2016   EUR      68.59
UBS AG/London            16.00   12/23/2016   EUR      73.75
UBS AG/London            18.50   12/23/2016   EUR      72.77
UBS AG/London            15.25   12/23/2016   EUR      74.33
UBS AG/London            10.25   12/23/2016   EUR      74.67
UBS AG/London            15.50   12/23/2016   EUR      65.14
UBS AG/London            12.75   12/23/2016   EUR      71.42
UBS AG/London            14.00   12/23/2016   EUR      74.37
UBS AG/London            16.00   12/23/2016   EUR      72.56
UBS AG/London            21.75   12/23/2016   EUR      73.48
UBS AG/London            17.50   12/23/2016   EUR      74.89
UBS AG/London            14.50   12/23/2016   EUR      67.01
UBS AG/London            14.75   12/23/2016   EUR      76.50
UBS AG/London            17.75   12/23/2016   EUR      72.07
UBS AG/London            22.00   12/23/2016   EUR      65.71
UBS AG/London            13.75   12/23/2016   EUR      69.17
UBS AG/London            16.50   12/23/2016   EUR      63.01
UBS AG/London            15.75   12/23/2016   EUR      70.77
Credit Suisse AG/Nassa    5.24   11/28/2016   CHF      56.16
EFG International Fina    7.00   11/27/2019   EUR      35.98
Notenstein La Roche Pr    8.80    12/5/2016   CHF      65.22
Notenstein La Roche Pr    7.50    12/5/2016   CHF      74.03
Notenstein La Roche Pr    7.00    12/5/2016   EUR      69.70
Notenstein La Roche Pr    6.80    12/5/2016   CHF      72.51
UBS AG/London            23.00    9/23/2016   EUR      67.91
UBS AG/London            24.50    9/23/2016   EUR      59.45
Goldman Sachs Internat    1.00    12/5/2017   SEK      10.91
Leonteq Securities AG/    6.40   12/12/2016   CHF      69.98
Leonteq Securities AG/    5.00   12/12/2016   CHF      55.71
Leonteq Securities AG/   12.80   12/12/2016   USD      53.81
Notenstein La Roche Pr    8.00   12/12/2016   CHF      57.12
Notenstein La Roche Pr    8.00   12/12/2016   GBP      75.99
Notenstein La Roche Pr    7.00   12/12/2016   CHF      71.09
Notenstein La Roche Pr    7.30   12/12/2016   CHF      55.51
Credit Suisse AG/Nassa    6.00   12/12/2016   CHF      55.29
DekaBank Deutsche Giro    2.50    12/1/2017   EUR      70.06
Notenstein La Roche Pr    8.20   12/19/2016   EUR      71.79
Leonteq Securities AG     7.80   12/19/2016   CHF      52.96
Notenstein La Roche Pr    8.00   12/29/2016   EUR      69.97
Vontobel Financial Pro    5.75    8/23/2016   EUR      49.17
Deutsche Bank AG          8.20   12/20/2016   EUR      68.70
Deutsche Bank AG          8.20   12/20/2016   EUR      49.90
Deutsche Bank AG          8.20   12/20/2016   EUR      50.30
Deutsche Bank AG          8.20   12/20/2016   EUR      58.90
Deutsche Bank AG          8.20   12/20/2016   EUR      71.70
Landesbank Hessen-Thue    4.00     2/6/2019   EUR      73.55
Notenstein La Roche Pr    5.00    1/14/2019   CHF      58.53
Notenstein La Roche Pr    8.50    1/16/2017   EUR      64.17
Notenstein La Roche Pr    7.60    1/16/2017   CHF      76.07
Notenstein La Roche Pr    7.00    1/16/2017   CHF      60.18
Notenstein La Roche Pr    5.50    1/14/2019   CHF      62.08
Leonteq Securities AG     8.20    1/16/2017   CHF      60.00
Leonteq Securities AG     8.00    1/16/2017   CHF      75.96
UBS AG                    5.00   12/22/2017   EUR      58.98
UBS AG                    5.00   12/23/2016   EUR      40.55
UBS AG                    7.00   12/23/2016   EUR      41.34
UBS AG                    6.50   12/23/2016   EUR      40.24
UBS AG                   10.50   12/23/2016   EUR      74.52
UBS AG                    4.25   12/22/2017   EUR      72.18
UBS AG                    4.75   12/22/2017   EUR      71.28
DekaBank Deutsche Giro    3.00    4/16/2018   EUR      68.86
DekaBank Deutsche Giro    3.40     4/9/2018   EUR      41.77
UBS AG/London             5.00    8/14/2017   CHF      43.75
Landesbank Baden-Wuert    4.00    6/23/2017   EUR      61.90
Landesbank Baden-Wuert    3.60    6/23/2017   EUR      64.42
UBS AG/London            11.75   12/23/2016   EUR      75.50
UBS AG/London            13.75   12/23/2016   EUR      60.86
DZ Bank AG Deutsche Ze    9.80    9/19/2016   EUR      72.93
DZ Bank AG Deutsche Ze    8.90   12/19/2016   EUR      74.85
Deutsche Bank AG          4.80    3/21/2017   EUR      75.90
Deutsche Bank AG          6.80   12/20/2016   EUR      69.50
Deutsche Bank AG          4.80   12/20/2016   EUR      65.00
Deutsche Bank AG          4.80    3/21/2017   EUR      74.30
Deutsche Bank AG          6.80    6/20/2017   EUR      75.00
Deutsche Bank AG          6.80   12/20/2016   EUR      75.60
Deutsche Bank AG          4.80    3/21/2017   EUR      76.30
BNP Paribas Emissions-   10.00    3/23/2017   EUR      76.14
BNP Paribas Emissions-   10.00    9/21/2017   EUR      75.51
BNP Paribas Emissions-    9.00   12/21/2017   EUR      76.09
BNP Paribas Emissions-   10.00    9/21/2017   EUR      71.62
BNP Paribas Emissions-   13.00   12/22/2016   EUR      69.13
BNP Paribas Emissions-   15.00    3/23/2017   EUR      64.44
BNP Paribas Emissions-   15.00    6/22/2017   EUR      67.09
DZ Bank AG Deutsche Ze    6.80    6/19/2017   EUR      74.51
DZ Bank AG Deutsche Ze   12.80    9/19/2016   EUR      70.91
Deutsche Bank AG          4.80   12/20/2016   EUR      74.00
Deutsche Bank AG          6.80   12/20/2016   EUR      74.80
Deutsche Bank AG          4.80    6/20/2017   EUR      73.80
Deutsche Bank AG          6.80   12/20/2016   EUR      73.70
Deutsche Bank AG          4.80   12/20/2016   EUR      68.80
Deutsche Bank AG          6.80   12/20/2016   EUR      65.70
Deutsche Bank AG          6.80    3/21/2017   EUR      75.50
Deutsche Bank AG          6.80    3/21/2017   EUR      71.70
Deutsche Bank AG          6.80    3/21/2017   EUR      68.10
Deutsche Bank AG          6.80    6/20/2017   EUR      67.90
Deutsche Bank AG          4.80    6/20/2017   EUR      66.20
Commerzbank AG           12.00    4/27/2017   EUR      76.13
HSBC Trinkaus & Burkha    4.50    4/24/2017   EUR      62.05
Commerzbank AG           20.00   10/27/2016   EUR      75.45
Goldman Sachs & Co Wer   24.00    3/22/2017   EUR      68.35
Goldman Sachs & Co Wer   21.00    6/21/2017   EUR      77.02
DZ Bank AG Deutsche Ze    8.50    3/20/2017   EUR      74.26
DZ Bank AG Deutsche Ze   10.50   12/19/2016   EUR      73.19
Deutsche Bank AG          4.80   12/20/2016   EUR      73.00
Deutsche Bank AG          4.80    3/21/2017   EUR      70.40
Deutsche Bank AG          4.80    3/21/2017   EUR      66.80
Deutsche Bank AG          4.80    6/20/2017   EUR      73.30
Deutsche Bank AG          6.80    6/20/2017   EUR      71.30
Deutsche Bank AG          4.80    6/20/2017   EUR      69.60
Deutsche Bank AG          4.80   12/20/2016   EUR      74.90
Deutsche Bank AG          4.80    6/20/2017   EUR      76.20
Commerzbank AG           13.50    4/27/2017   EUR      74.72
DZ Bank AG Deutsche Ze    7.10    3/20/2017   EUR      75.49
Vontobel Financial Pro    8.50    3/24/2017   EUR      76.13
Vontobel Financial Pro   11.00    3/24/2017   EUR      73.71
Vontobel Financial Pro   13.00    3/24/2017   EUR      71.27
Goldman Sachs & Co Wer   15.00    4/26/2017   EUR      72.86
Goldman Sachs & Co Wer   22.00    5/24/2017   EUR      76.31
Goldman Sachs & Co Wer   18.00    5/24/2017   EUR      72.52
Goldman Sachs & Co Wer   10.00    4/26/2017   EUR      68.93
Goldman Sachs & Co Wer   10.00    5/24/2017   EUR      69.66
DZ Bank AG Deutsche Ze    8.00   12/23/2016   EUR      62.05
BNP Paribas Emissions-   12.00   12/21/2017   EUR      73.99
BNP Paribas Emissions-   17.00   12/22/2016   EUR      69.50
BNP Paribas Emissions-   13.00    6/22/2017   EUR      76.89
BNP Paribas Emissions-   18.00   12/22/2016   EUR      62.20
BNP Paribas Emissions-   10.00    3/23/2017   EUR      69.45
BNP Paribas Emissions-   10.00    6/22/2017   EUR      70.34
HSBC Trinkaus & Burkha    8.00    4/28/2017   EUR      76.08
Vontobel Financial Pro   11.40     6/9/2017   EUR      75.77
DZ Bank AG Deutsche Ze    7.50    3/20/2017   EUR      67.07
DZ Bank AG Deutsche Ze    8.25    3/20/2017   EUR      67.53
DZ Bank AG Deutsche Ze    7.25    6/19/2017   EUR      70.29
DZ Bank AG Deutsche Ze    8.00    6/19/2017   EUR      67.43
DZ Bank AG Deutsche Ze    8.75    6/19/2017   EUR      68.08
DZ Bank AG Deutsche Ze   10.00   12/23/2016   EUR      60.12
BNP Paribas Emissions-    8.00   12/21/2017   EUR      76.67
BNP Paribas Emissions-   13.00    6/22/2017   EUR      72.70
BNP Paribas Emissions-   17.00   12/22/2016   EUR      73.81
BNP Paribas Emissions-   12.00   12/21/2017   EUR      68.76
HSBC Trinkaus & Burkha    4.50    7/28/2017   EUR      75.91
HSBC Trinkaus & Burkha    6.50   12/23/2016   EUR      57.21
Vontobel Financial Pro    9.85   12/23/2016   EUR      66.85
Landesbank Baden-Wuert    3.00   11/24/2017   EUR      76.54
Landesbank Baden-Wuert    4.00   11/24/2017   EUR      74.03
Landesbank Baden-Wuert    3.00   11/23/2018   EUR      69.47
Landesbank Baden-Wuert    3.50   11/24/2017   EUR      67.64
Landesbank Baden-Wuert    5.50   11/24/2017   EUR      62.98
Landesbank Baden-Wuert    3.00   11/24/2017   EUR      73.42
Landesbank Baden-Wuert    3.00   11/24/2017   EUR      61.77
Landesbank Baden-Wuert    4.00   11/24/2017   EUR      59.37
Landesbank Baden-Wuert    5.00   11/24/2017   EUR      57.54
UBS AG                    7.85    12/1/2016   EUR      51.80
DZ Bank AG Deutsche Ze    7.10    9/19/2016   EUR      56.06
DZ Bank AG Deutsche Ze    7.00   12/23/2016   EUR      79.11
DZ Bank AG Deutsche Ze    6.25   12/23/2016   EUR      69.28
DZ Bank AG Deutsche Ze    6.20   12/19/2016   EUR      57.50
DZ Bank AG Deutsche Ze    5.25   12/23/2016   EUR      72.68
Vontobel Financial Pro    4.85    3/10/2017   EUR      73.13
Vontobel Financial Pro    7.60    12/9/2016   EUR      72.90
Vontobel Financial Pro    7.45    12/9/2016   EUR      66.96
HSBC Trinkaus & Burkha   12.30    9/23/2016   EUR      75.27
HSBC Trinkaus & Burkha    6.00    1/27/2017   EUR      62.65
HSBC Trinkaus & Burkha   17.30    9/23/2016   EUR      61.56
HSBC Trinkaus & Burkha   14.60    9/23/2016   EUR      63.79
HSBC Trinkaus & Burkha   14.40   12/23/2016   EUR      64.74
HSBC Trinkaus & Burkha   12.50   12/23/2016   EUR      66.60
HSBC Trinkaus & Burkha    8.10   12/23/2016   EUR      72.42
HSBC Trinkaus & Burkha   12.60    3/24/2017   EUR      67.12
HSBC Trinkaus & Burkha   11.10    3/24/2017   EUR      68.72
HSBC Trinkaus & Burkha    7.60    3/24/2017   EUR      73.77
HSBC Trinkaus & Burkha    9.40    1/27/2017   EUR      70.55
HSBC Trinkaus & Burkha   13.90    9/23/2016   EUR      73.31
Vontobel Financial Pro    5.15   12/23/2016   EUR      51.12
Vontobel Financial Pro    9.00     6/9/2017   EUR      68.45
Deutsche Bank AG          6.00   12/16/2016   EUR      66.55
Vontobel Financial Pro   14.00    9/23/2016   EUR      72.50
Vontobel Financial Pro   12.00   11/25/2016   EUR      74.36
Vontobel Financial Pro   11.55   12/23/2016   EUR      75.12
Societe Generale Effek    5.27   12/23/2016   EUR      61.32
Commerzbank AG            1.00   11/28/2016   EUR      26.19
Leonteq Securities AG    10.00   12/14/2016   CHF      73.41
Leonteq Securities AG     9.00   12/14/2016   CHF      72.95
Leonteq Securities AG    10.00   12/14/2016   EUR      73.88
Vontobel Financial Pro    6.80     6/9/2017   EUR      76.68
Vontobel Financial Pro   15.30   12/23/2016   EUR      73.05
Vontobel Financial Pro   13.70   12/23/2016   EUR      74.82
Vontobel Financial Pro   12.10   12/23/2016   EUR      76.72
Vontobel Financial Pro   15.05    9/23/2016   EUR      74.65
Vontobel Financial Pro   17.10    9/23/2016   EUR      72.23
Vontobel Financial Pro   19.50    9/23/2016   EUR      70.03
Goldman Sachs & Co Wer    4.00    8/24/2016   EUR      55.06
Goldman Sachs & Co Wer    5.00   12/21/2016   EUR      56.67
Goldman Sachs & Co Wer    5.00    3/22/2017   EUR      57.74
Goldman Sachs & Co Wer    5.00    6/21/2017   EUR      58.66
Goldman Sachs & Co Wer   16.00    3/22/2017   EUR      73.06
Goldman Sachs & Co Wer   23.00   10/26/2016   EUR      69.39
Goldman Sachs & Co Wer   23.00    9/21/2016   EUR      68.78
Goldman Sachs & Co Wer   21.00   12/21/2016   EUR      71.09
Goldman Sachs & Co Wer   23.00    8/24/2016   EUR      42.87
Credit Suisse AG/Nassa    7.25    6/14/2017   CHF      53.79
Vontobel Financial Pro    5.00   11/25/2016   EUR      57.77
Vontobel Financial Pro    3.50   11/25/2016   EUR      60.14
Vontobel Financial Pro    6.00   11/25/2016   EUR      55.51
Vontobel Financial Pro    7.50   11/25/2016   EUR      53.61
Vontobel Financial Pro    9.05   11/25/2016   EUR      51.92
Vontobel Financial Pro   10.50   11/25/2016   EUR      50.38
Vontobel Financial Pro   12.50   11/25/2016   EUR      49.12
Vontobel Financial Pro   11.00    9/23/2016   EUR      77.15
DZ Bank AG Deutsche Ze    5.90   12/21/2016   EUR      55.30
UBS AG/London             9.30    3/10/2017   EUR      56.82
Deutsche Bank AG          6.20    9/20/2016   EUR      68.10
Deutsche Bank AG          6.20    9/20/2016   EUR      63.60
Deutsche Bank AG          6.20   12/20/2016   EUR      69.60
Deutsche Bank AG          6.20   12/20/2016   EUR      65.10
Deutsche Bank AG          6.20    9/20/2016   EUR      75.50
Deutsche Bank AG          6.20    9/20/2016   EUR      70.90
Deutsche Bank AG          6.20   12/20/2016   EUR      76.90
Deutsche Bank AG          6.20   12/20/2016   EUR      72.40
Vontobel Financial Pro    7.00   12/23/2016   EUR      75.50
Notenstein La Roche Pr    4.00    9/26/2018   CHF      63.12
Notenstein La Roche Pr    7.50    9/26/2016   EUR      73.70
Notenstein La Roche Pr    7.00    9/26/2016   CHF      74.70
Notenstein La Roche Pr    7.00    9/26/2016   CHF      56.41
Notenstein La Roche Pr    6.50    9/26/2016   CHF      73.41
Notenstein La Roche Pr    5.50    9/26/2016   CHF      46.23
Notenstein La Roche Pr    3.50    9/26/2018   CHF      60.19
Notenstein La Roche Pr    6.50    9/26/2016   CHF      77.58
Notenstein La Roche Pr    5.00    9/26/2016   CHF      48.51
DZ Bank AG Deutsche Ze    5.60    3/30/2017   EUR      50.77
Bank Julius Baer & Co     5.20    9/25/2017   EUR      65.45
UniCredit Bank AG         4.00   10/14/2019   EUR      65.50
Notenstein La Roche Pr    8.00    10/3/2016   CHF      59.01
Notenstein La Roche Pr    7.50    10/3/2016   CHF      57.89
Notenstein La Roche Pr    7.00    10/3/2016   EUR      77.56
Credit Suisse AG/Nassa    6.25    10/6/2016   CHF      55.98
Notenstein La Roche Pr    7.00   10/10/2016   CHF      59.91
Credit Suisse AG/Nassa    6.25   10/14/2016   CHF      56.85
Notenstein La Roche Pr    6.00   10/17/2016   CHF      60.24
Zurcher Kantonalbank F    6.25   10/14/2016   CHF      62.19
Notenstein La Roche Pr    6.20   10/24/2016   CHF      60.19
Leonteq Securities AG     8.45    11/7/2016   CHF      36.98
Leonteq Securities AG     5.20    11/7/2016   CHF      45.49
Leonteq Securities AG/    6.00   10/31/2018   CHF      66.41
Notenstein La Roche Pr    5.00   10/31/2018   CHF      62.32
Notenstein La Roche Pr    4.50   10/31/2018   CHF      58.01
Notenstein Finance Gue    7.30   10/28/2016   CHF      59.25
DekaBank Deutsche Giro    4.00   10/21/2016   EUR      72.63
Leonteq Securities AG     3.00    9/19/2019   CHF      40.47
DekaBank Deutsche Giro    8.50   10/27/2016   EUR      56.99
DekaBank Deutsche Giro    7.15   10/27/2017   EUR      60.40
Notenstein La Roche Pr    7.50    11/7/2016   EUR      75.80
Notenstein La Roche Pr    7.00    11/7/2016   CHF      77.08
Notenstein La Roche Pr    6.30    11/7/2016   CHF      75.09
DekaBank Deutsche Giro    3.50   10/28/2016   EUR      54.42
UBS AG/London             9.00   12/23/2016   EUR      70.14
UBS AG/London            11.50   12/23/2016   EUR      74.05
UBS AG/London             8.75   12/23/2016   EUR      48.06
UBS AG/London             9.50   12/23/2016   EUR      45.18
Notenstein La Roche Pr    5.30   11/14/2018   CHF      70.20
Notenstein La Roche Pr    6.00   11/14/2016   CHF      68.04
Notenstein La Roche Pr    4.80   11/14/2018   CHF      65.49
Credit Suisse AG/Nassa    6.00   11/17/2016   CHF      56.23
Leonteq Securities AG/    5.00   11/14/2016   CHF      57.86
Banque Cantonale Vaudo    5.55    11/7/2016   CHF      59.57
Notenstein La Roche Pr    3.00    9/22/2020   CHF      50.70
Vontobel Financial Pro    5.00   11/21/2016   EUR      73.24
DekaBank Deutsche Giro    3.00    5/15/2018   EUR      69.80
Goldman Sachs & Co Wer   19.00   10/26/2016   EUR      74.52
Goldman Sachs & Co Wer   23.00   11/23/2016   EUR      71.18
Goldman Sachs & Co Wer   21.00   12/21/2016   EUR      72.23
Goldman Sachs & Co Wer   16.00    3/22/2017   EUR      76.51
Goldman Sachs & Co Wer   21.00   11/23/2016   EUR      74.56
HSBC Trinkaus & Burkha   14.90    9/23/2016   EUR      67.33
HSBC Trinkaus & Burkha   12.50   12/23/2016   EUR      70.11
HSBC Trinkaus & Burkha    8.60    1/27/2017   EUR      74.64
HSBC Trinkaus & Burkha   13.30    9/23/2016   EUR      74.72
HSBC Trinkaus & Burkha   17.80    9/23/2016   EUR      71.01
HSBC Trinkaus & Burkha    8.60    1/27/2017   EUR      57.96
HSBC Trinkaus & Burkha   10.80    9/23/2016   EUR      48.76
HSBC Trinkaus & Burkha    7.00    6/23/2017   EUR      55.17
HSBC Trinkaus & Burkha    7.90    1/27/2017   EUR      53.06
HSBC Trinkaus & Burkha   13.60    9/23/2016   EUR      66.48
HSBC Trinkaus & Burkha   14.50   12/23/2016   EUR      66.04
HSBC Trinkaus & Burkha   12.70    3/24/2017   EUR      68.43
HSBC Trinkaus & Burkha   10.50    3/24/2017   EUR      71.08
HSBC Trinkaus & Burkha    9.60    1/27/2017   EUR      72.18
Bank Julius Baer & Co     8.10    12/2/2016   CHF      75.55
Vontobel Financial Pro   20.50    9/23/2016   EUR      72.31
DZ Bank AG Deutsche Ze    6.50    9/19/2016   EUR      57.18
DZ Bank AG Deutsche Ze    6.30   12/19/2016   EUR      61.60
DZ Bank AG Deutsche Ze    6.50    3/20/2017   EUR      63.18
DZ Bank AG Deutsche Ze    7.30    3/20/2017   EUR      61.78
DZ Bank AG Deutsche Ze    8.40    3/20/2017   EUR      60.66
Vontobel Financial Pro    9.00   12/23/2016   EUR      54.86
Vontobel Financial Pro    8.00   12/23/2016   EUR      73.62
Zurcher Kantonalbank F   10.00    12/1/2016   EUR      70.67
DZ Bank AG Deutsche Ze   10.00   12/23/2016   EUR      74.95
DZ Bank AG Deutsche Ze   10.00   12/23/2016   EUR      66.68
DZ Bank AG Deutsche Ze   10.00    9/23/2016   EUR      47.99
DZ Bank AG Deutsche Ze    4.00   12/23/2016   EUR      53.07
DZ Bank AG Deutsche Ze    6.00   12/23/2016   EUR      51.89
EFG International Fina    5.00    8/15/2017   CHF      56.44
Raiffeisen Centrobank     7.00    8/22/2016   EUR      55.83
Leonteq Securities AG/    8.00     8/8/2016   EUR      67.37
Zurcher Kantonalbank F    5.50    8/14/2017   CHF      76.90
Leonteq Securities AG/    8.00    8/15/2016   CHF      72.03
UBS AG/London             5.75   12/23/2016   EUR      38.21
UBS AG/London             4.50   12/22/2017   EUR      59.48
UBS AG/London             7.50   12/23/2016   EUR      54.35
UBS AG/London             6.00   12/23/2016   EUR      49.66
UBS AG/London             7.00   12/22/2017   EUR      59.70
UBS AG/London            13.25   12/23/2016   EUR      76.15
UBS AG/London             7.00   12/22/2017   EUR      52.09
UBS AG/London            14.00   12/23/2016   EUR      43.73
UBS AG/London            11.00   12/23/2016   EUR      41.28
UBS AG/London             5.00   12/23/2016   EUR      53.38
UBS AG/London             4.00   12/22/2017   EUR      58.50
UBS AG/London             4.00   12/22/2017   EUR      75.07
UBS AG/London             5.50   12/23/2016   EUR      51.43
UBS AG/London             6.75   12/23/2016   EUR      66.15
UBS AG/London            12.25   12/23/2016   EUR      39.60
UBS AG/London            12.50   12/22/2017   EUR      71.69
UBS AG/London             9.50   12/22/2017   EUR      52.47
UBS AG/London             4.25   12/23/2016   EUR      55.41
UBS AG/London             9.00   12/22/2017   EUR      49.68
UBS AG/London            13.75   12/23/2016   EUR      68.50
UBS AG/London             5.00   12/23/2016   EUR      44.02
UBS AG/London             4.25   12/23/2016   EUR      49.56
UBS AG/London             8.25   12/23/2016   EUR      45.49
UBS AG/London             6.75   12/23/2016   EUR      48.14
UBS AG/London             5.75   12/22/2017   EUR      55.12
UBS AG/London            11.00   12/22/2017   EUR      74.20
UBS AG/London             5.00   12/22/2017   EUR      72.06
UBS AG/London             6.25   12/22/2017   EUR      54.18
UBS AG/London             6.75   12/23/2016   EUR      47.35
UBS AG/London             9.00   12/23/2016   EUR      50.48
UBS AG/London             5.00   12/22/2017   EUR      58.04
UBS AG/London             5.50   12/23/2016   EUR      76.62
UBS AG/London             7.75   12/22/2017   EUR      54.46
UBS AG/London            14.50   12/22/2017   EUR      72.21
UniCredit Bank AG         4.25    9/12/2017   EUR      72.32
Bayerische Landesbank     4.00    9/16/2016   EUR      53.41
Leonteq Securities AG/    5.00    8/22/2016   CHF      44.40
EFG International Fina    5.00    8/15/2017   CHF      71.46
Vontobel Financial Pro    5.00    9/23/2016   EUR      48.27
Zurcher Kantonalbank F    8.00     9/1/2016   CHF      71.87
Zurcher Kantonalbank F    7.50     9/1/2016   CHF      53.62
Notenstein La Roche Pr    5.00    8/29/2018   CHF      56.77
Notenstein La Roche Pr    9.10    8/29/2016   CHF      21.99
Notenstein La Roche Pr    8.00    8/29/2016   CHF      76.89
Notenstein La Roche Pr    6.90    8/25/2016   CHF      54.58
Leonteq Securities AG/    5.80    9/12/2016   CHF      68.01
Raiffeisen Centrobank     7.25    9/26/2016   EUR      53.26
Leonteq Securities AG/    8.04    8/29/2016   EUR      74.96
Bank Julius Baer & Co     8.20    8/29/2016   CHF      46.25
Zurcher Kantonalbank F    7.50    9/12/2016   CHF      47.30
Notenstein La Roche Pr    5.04    8/28/2017   CHF      68.44
Notenstein La Roche Pr    5.00     9/5/2018   CHF      58.82
Notenstein La Roche Pr    7.00     9/5/2016   EUR      75.62
Notenstein La Roche Pr    7.00     9/5/2016   CHF      69.51
Leonteq Securities AG/    4.68    8/29/2017   CHF      70.44
Leonteq Securities AG/    9.50     9/8/2016   USD      47.91
Leonteq Securities AG/    8.64     9/8/2016   CHF      48.67
Bank Julius Baer & Co     7.00    9/12/2016   CHF      50.65
Leonteq Securities AG/    5.99    9/11/2017   EUR      64.52
Vontobel Financial Pro    4.45     9/5/2016   EUR      45.51
Notenstein La Roche Pr    7.50    9/12/2016   CHF      68.66
Notenstein La Roche Pr    7.50    9/12/2016   EUR      46.87
Credit Suisse AG/Nassa    5.75    9/19/2016   CHF      66.22
Zurcher Kantonalbank F    7.60    9/16/2016   CHF      72.83
Zurcher Kantonalbank F    7.15    9/16/2016   CHF      74.98
Vontobel Financial Pro    5.84     9/9/2016   EUR      30.62
Leonteq Securities AG     6.00    9/26/2016   CHF      53.49
Leonteq Securities AG     7.20    9/26/2016   EUR      68.49
Notenstein La Roche Pr    7.20    9/19/2016   CHF      54.93
Notenstein La Roche Pr    6.50    9/19/2016   CHF      57.85
Bank Julius Baer & Co     5.50   11/24/2016   CHF      67.35
Bank Julius Baer & Co     6.85    12/5/2016   CHF      50.40
Notenstein La Roche Pr    7.11   11/25/2016   EUR      50.50
Credit Suisse AG/Nassa    8.00    12/5/2016   EUR      74.32
DZ Bank AG Deutsche Ze    7.25   12/19/2016   EUR      51.10
DZ Bank AG Deutsche Ze    6.50    9/19/2016   EUR      75.83
DZ Bank AG Deutsche Ze    7.00    3/20/2017   EUR      73.52
DZ Bank AG Deutsche Ze    7.25    9/19/2016   EUR      70.07
DZ Bank AG Deutsche Ze    8.00   12/19/2016   EUR      72.14
DZ Bank AG Deutsche Ze   10.25    9/19/2016   EUR      52.74
DZ Bank AG Deutsche Ze    8.75    9/19/2016   EUR      52.57
DZ Bank AG Deutsche Ze    9.00    9/19/2016   EUR      49.49
DZ Bank AG Deutsche Ze    9.25   12/19/2016   EUR      51.82
DZ Bank AG Deutsche Ze    7.25   12/19/2016   EUR      54.20
Vontobel Financial Pro   15.55    9/23/2016   EUR      75.76
Vontobel Financial Pro   18.50    9/23/2016   EUR      72.76
Vontobel Financial Pro   15.00   12/23/2016   EUR      76.12
Vontobel Financial Pro   13.50    9/23/2016   EUR      75.90
Vontobel Financial Pro   15.00    9/23/2016   EUR      74.31
Vontobel Financial Pro   16.00   12/23/2016   EUR      73.65
UniCredit Bank AG         7.00   12/28/2016   EUR      58.36
Commerzbank AG            9.50    8/25/2016   EUR      50.24
Commerzbank AG            8.50   11/24/2016   EUR      52.32
Deutsche Bank AG          7.20    3/21/2017   EUR      67.30
Deutsche Bank AG          5.20    6/20/2017   EUR      65.60
Deutsche Bank AG          7.20    6/20/2017   EUR      67.30
Deutsche Bank AG          7.20    6/20/2017   EUR      64.20
Deutsche Bank AG          5.20    6/20/2017   EUR      62.40
Deutsche Bank AG          7.20    6/20/2017   EUR      61.20
Deutsche Bank AG          5.20    6/20/2017   EUR      59.50
Deutsche Bank AG          5.20    6/20/2017   EUR      56.80
Deutsche Bank AG          7.20    6/20/2017   EUR      58.60
Deutsche Bank AG          5.20    6/20/2017   EUR      54.40
Deutsche Bank AG          7.20    6/20/2017   EUR      56.20
Deutsche Bank AG          5.20    3/21/2017   EUR      62.10
Deutsche Bank AG          7.20    3/21/2017   EUR      63.30
Deutsche Bank AG          7.20    3/21/2017   EUR      60.60
Deutsche Bank AG          7.20    3/21/2017   EUR      58.10
Deutsche Bank AG          7.20    3/21/2017   EUR      55.80
Deutsche Bank AG          7.20    6/20/2017   EUR      64.70
Deutsche Bank AG          5.20    6/20/2017   EUR      60.30
Deutsche Bank AG          7.20    6/20/2017   EUR      62.40
Deutsche Bank AG          5.20    6/20/2017   EUR      57.80
Deutsche Bank AG          7.20    6/20/2017   EUR      59.60
Deutsche Bank AG          5.20    6/20/2017   EUR      55.60
Deutsche Bank AG          7.20    6/20/2017   EUR      57.30
Deutsche Bank AG          7.20    6/20/2017   EUR      55.20
Deutsche Bank AG          5.20    6/20/2017   EUR      53.50
Deutsche Bank AG          7.20    6/20/2017   EUR      53.30
Deutsche Bank AG          5.20    6/20/2017   EUR      51.60
Deutsche Bank AG          5.20    6/20/2017   EUR      75.40
DZ Bank AG Deutsche Ze    8.90    9/23/2016   EUR      54.79
DZ Bank AG Deutsche Ze    4.90   12/23/2016   EUR      77.64
DZ Bank AG Deutsche Ze    7.20    9/23/2016   EUR      75.08
DZ Bank AG Deutsche Ze    7.10    9/23/2016   EUR      71.67
DZ Bank AG Deutsche Ze    6.80    3/24/2017   EUR      74.60
DZ Bank AG Deutsche Ze    7.80   12/23/2016   EUR      56.59
DZ Bank AG Deutsche Ze    7.70    3/24/2017   EUR      58.45
Vontobel Financial Pro    7.60   12/23/2016   EUR      72.33
Vontobel Financial Pro    7.65   12/23/2016   EUR      72.40
Vontobel Financial Pro    8.10   12/23/2016   EUR      72.65
Commerzbank AG            4.50   11/24/2016   EUR      57.27
Commerzbank AG            5.00   11/24/2016   EUR      56.14
Commerzbank AG            5.75   11/24/2016   EUR      55.15
Commerzbank AG            6.25   11/24/2016   EUR      54.14
Commerzbank AG            7.00   11/24/2016   EUR      53.23
Commerzbank AG            7.75   11/24/2016   EUR      52.39
Commerzbank AG            8.50   11/24/2016   EUR      51.60
Commerzbank AG            9.25   11/24/2016   EUR      50.82
Commerzbank AG           12.25   11/24/2016   EUR      75.74
Commerzbank AG            8.00   11/24/2016   EUR      73.81
Commerzbank AG            9.75   11/24/2016   EUR      70.58
Commerzbank AG           11.75   11/24/2016   EUR      67.78
Commerzbank AG            9.50   11/24/2016   EUR      73.09
Vontobel Financial Pro   11.10    9/23/2016   EUR      76.14
Vontobel Financial Pro   13.05    9/23/2016   EUR      74.12
Vontobel Financial Pro   10.50   11/25/2016   EUR      76.72
Bank Julius Baer & Co     6.50    12/2/2016   EUR      51.15
UniCredit Bank AG         5.00    6/22/2017   EUR      53.51
UniCredit Bank AG         4.80    6/22/2017   EUR      54.90
UniCredit Bank AG         4.60    6/22/2017   EUR      56.37
UniCredit Bank AG         4.60    6/22/2017   EUR      56.94
UniCredit Bank AG         4.40    6/22/2017   EUR      57.93
UniCredit Bank AG         4.40    6/22/2017   EUR      59.16
UniCredit Bank AG         4.40    6/22/2017   EUR      59.79
UniCredit Bank AG         4.20    6/22/2017   EUR      60.24
UniCredit Bank AG         5.00    6/22/2017   EUR      54.02
UniCredit Bank AG         5.00    6/22/2017   EUR      54.54
UniCredit Bank AG         4.80    6/22/2017   EUR      55.44
UniCredit Bank AG         4.80    6/22/2017   EUR      55.98
UniCredit Bank AG         4.60    6/22/2017   EUR      57.52
UniCredit Bank AG         4.40    6/22/2017   EUR      58.54
UniCredit Bank AG         4.20    6/22/2017   EUR      60.89
Goldman Sachs & Co Wer    5.00    9/21/2016   EUR      55.53
Goldman Sachs & Co Wer   18.00    3/22/2017   EUR      75.72
Goldman Sachs & Co Wer    6.00   12/21/2016   EUR      57.10
Credit Suisse AG/Nassa    8.00    12/7/2016   CHF      71.26
Notenstein La Roche Pr    7.00     6/7/2017   CHF      70.91
Deutsche Bank AG          6.20   10/26/2016   EUR      75.10
Deutsche Bank AG          4.20   10/26/2016   EUR      74.60
Deutsche Bank AG          4.20   11/23/2016   EUR      74.90
Deutsche Bank AG          6.20   11/23/2016   EUR      75.50
Deutsche Bank AG          6.20   10/26/2016   EUR      61.20
Deutsche Bank AG          6.20   10/26/2016   EUR      50.40
Deutsche Bank AG          4.20   11/23/2016   EUR      61.10
Deutsche Bank AG          6.20   11/23/2016   EUR      61.70
Deutsche Bank AG          6.20   11/23/2016   EUR      50.80
Deutsche Bank AG          4.20    9/20/2016   EUR      74.90
Deutsche Bank AG          6.20    9/20/2016   EUR      75.10
Deutsche Bank AG          6.20   10/26/2016   EUR      75.70
Deutsche Bank AG          4.20   10/26/2016   EUR      75.30
Deutsche Bank AG          4.20   11/23/2016   EUR      75.60
Deutsche Bank AG          6.20   11/23/2016   EUR      76.20
Deutsche Bank AG          4.20   12/20/2016   EUR      75.80
Deutsche Bank AG          6.20   12/20/2016   EUR      76.60
Deutsche Bank AG          4.20   10/26/2016   EUR      57.10
Deutsche Bank AG          4.20   11/23/2016   EUR      57.40
Deutsche Bank AG          4.20   10/26/2016   EUR      76.20
Deutsche Bank AG          4.20   11/23/2016   EUR      76.20
Deutsche Bank AG          4.20   10/26/2016   EUR      75.80
Deutsche Bank AG          4.20   11/23/2016   EUR      76.10
Leonteq Securities AG     9.60    12/7/2016   CHF      69.43
Vontobel Financial Pro   10.50   12/23/2016   EUR      74.30
Vontobel Financial Pro    7.55   12/23/2016   EUR      72.69
Vontobel Financial Pro    7.60   12/23/2016   EUR      72.85
DZ Bank AG Deutsche Ze    7.80    3/20/2017   EUR      58.85
DZ Bank AG Deutsche Ze    6.30    3/20/2017   EUR      55.09
DZ Bank AG Deutsche Ze    7.00    3/20/2017   EUR      53.87
Vontobel Financial Pro    4.75   12/23/2016   EUR      70.63
DZ Bank AG Deutsche Ze    4.00    12/7/2016   EUR      59.16
Vontobel Financial Pro    9.00   12/23/2016   EUR      52.35
Zurcher Kantonalbank F   12.00    12/8/2016   CHF      61.01
Credit Suisse AG/Nassa    7.50     6/9/2017   EUR      68.43
Credit Suisse AG/Londo    7.25    12/7/2016   CHF      69.34
Deutsche Bank AG          9.20    8/24/2016   EUR      63.60
Deutsche Bank AG          7.20    8/24/2016   EUR      63.50
Deutsche Bank AG          7.20    8/24/2016   EUR      59.60
Deutsche Bank AG          9.20    8/24/2016   EUR      59.70
Deutsche Bank AG          5.20    8/24/2016   EUR      59.50
Deutsche Bank AG          9.20   11/23/2016   EUR      65.70
Deutsche Bank AG          7.20   11/23/2016   EUR      65.10
Deutsche Bank AG          5.20   11/23/2016   EUR      64.50
Deutsche Bank AG          5.20   11/23/2016   EUR      60.60
Deutsche Bank AG          9.20   11/23/2016   EUR      61.80
Deutsche Bank AG          7.20   11/23/2016   EUR      61.20
Deutsche Bank AG          7.20    7/26/2017   EUR      67.20
Deutsche Bank AG          9.20    7/26/2017   EUR      69.10
Deutsche Bank AG          5.20    7/26/2017   EUR      65.20
Deutsche Bank AG          5.20    7/26/2017   EUR      61.70
Deutsche Bank AG          7.20    7/26/2017   EUR      63.60
Deutsche Bank AG          9.20    7/26/2017   EUR      65.60
Bank Julius Baer & Co     5.60    12/8/2016   CHF      51.00
Bank Julius Baer & Co     5.90    12/8/2016   CHF      55.20
Vontobel Financial Pro   16.50    9/23/2016   EUR      72.93
Vontobel Financial Pro   17.05    9/23/2016   EUR      74.80
Vontobel Financial Pro   14.00    9/23/2016   EUR      52.97
Vontobel Financial Pro    6.50   12/23/2016   EUR      62.23
Vontobel Financial Pro    5.00   12/23/2016   EUR      65.13
Landesbank Baden-Wuert    3.85    8/25/2017   EUR      48.61
DekaBank Deutsche Giro    4.00    8/19/2016   EUR      33.06
Kaupthing ehf             5.00     1/4/2027   SKK      17.63
Landesbank Baden-Wuert    3.20    8/26/2016   EUR      55.34
Podkarpacki Bank Spold    5.74    2/23/2025   PLN      50.00
Commerzbank AG           20.00    5/28/2018   SEK      53.65
Landesbank Baden-Wuert    3.33    9/23/2016   EUR      53.50
Societe Generale Effek    4.00    6/26/2017   EUR      47.96
Landesbank Baden-Wuert    3.15   10/28/2016   EUR      52.52
DZ Bank AG Deutsche Ze    3.50    9/30/2016   EUR      69.29
Landesbank Baden-Wuert    3.30   12/23/2016   EUR      73.97
Notenstein La Roche Pr    7.40   10/31/2016   CHF      27.31
Zurcher Kantonalbank F    5.25    11/1/2016   CHF      22.57
Dayli Polska Sp zoo       8.50     9/5/2016   PLN      15.01
Notenstein La Roche Pr   10.00    5/23/2017   CHF      73.70
UBS AG/London             9.00   11/11/2016   CHF      56.99
Vontobel Financial Pro   13.00   12/23/2016   EUR      75.75
Credit Suisse AG/Nassa    7.20    5/12/2017   CHF      73.94
Vontobel Financial Pro   16.00    9/23/2016   EUR      72.75
Vontobel Financial Pro   19.00    9/23/2016   EUR      69.95
Vontobel Financial Pro   12.55   12/23/2016   EUR      76.32
Leonteq Securities AG     7.40   11/20/2017   EUR      70.23
Notenstein Finance Gue    8.12    5/16/2017   CHF      72.42
Property Lease Fund SA    9.00   12/23/2016   PLN      42.00
Credit Suisse AG/Nassa    8.00   11/24/2016   CHF      70.31
Vontobel Financial Pro   14.00    9/23/2016   EUR      74.53
Vontobel Financial Pro   16.50    9/23/2016   EUR      71.84
Vontobel Financial Pro   13.50   12/23/2016   EUR      74.91
Vontobel Financial Pro    3.00    9/23/2016   EUR      56.63
Vontobel Financial Pro    4.00    9/23/2016   EUR      55.44
Vontobel Financial Pro    4.50    9/23/2016   EUR      54.25
Vontobel Financial Pro    5.00    9/23/2016   EUR      53.12
Vontobel Financial Pro    6.00    9/23/2016   EUR      52.10
Vontobel Financial Pro    9.50   11/25/2016   EUR      74.35
Vontobel Financial Pro    6.50    9/23/2016   EUR      51.06
Vontobel Financial Pro    7.50    9/23/2016   EUR      50.14
Vontobel Financial Pro    8.50    9/23/2016   EUR      49.25
Vontobel Financial Pro    9.05    9/23/2016   EUR      48.35
Vontobel Financial Pro   10.00    9/23/2016   EUR      47.54
Vontobel Financial Pro   11.00    9/23/2016   EUR      46.77
Vontobel Financial Pro   12.00    9/23/2016   EUR      46.04
Vontobel Financial Pro   13.00    9/23/2016   EUR      45.33
Vontobel Financial Pro   15.00    9/23/2016   EUR      44.01
Vontobel Financial Pro   12.00   12/23/2016   EUR      46.69
Vontobel Financial Pro   10.50   12/23/2016   EUR      47.70
HSBC Trinkaus & Burkha   11.80    9/23/2016   EUR      72.18
HSBC Trinkaus & Burkha   11.90   12/23/2016   EUR      72.40
Vontobel Financial Pro    9.00   12/23/2016   EUR      48.55
Vontobel Financial Pro    7.40   11/25/2016   EUR      73.28
Vontobel Financial Pro   17.50    9/23/2016   EUR      74.95
Credit Suisse AG/Londo    7.25   11/23/2016   CHF      49.92
Vontobel Financial Pro   18.50    9/23/2016   EUR      66.71
Vontobel Financial Pro   15.05    9/23/2016   EUR      70.08
Vontobel Financial Pro   12.00    9/23/2016   EUR      73.97
Commerzbank AG            8.50   10/27/2016   EUR      76.03
Commerzbank AG           10.25   10/27/2016   EUR      72.51
Commerzbank AG           12.50   10/27/2016   EUR      69.49
DZ Bank AG Deutsche Ze    5.50   11/25/2016   EUR      75.22
DZ Bank AG Deutsche Ze    5.00   11/25/2016   EUR      66.98
Vontobel Financial Pro    3.05   10/28/2016   EUR      59.78
Vontobel Financial Pro    5.05   10/28/2016   EUR      54.84
Vontobel Financial Pro    4.00   12/23/2016   EUR      57.80
Vontobel Financial Pro    5.00   12/23/2016   EUR      55.61
Vontobel Financial Pro    6.05   12/23/2016   EUR      53.67
Vontobel Financial Pro    7.15   12/23/2016   EUR      51.93
Vontobel Financial Pro    8.50   12/23/2016   EUR      50.46
Vontobel Financial Pro   10.00   12/23/2016   EUR      49.20
Vontobel Financial Pro   10.00   11/25/2016   EUR      65.18
Bank Julius Baer & Co     6.00   11/24/2016   CHF      73.70
Bank Julius Baer & Co     6.30   11/24/2016   CHF      70.20
Landesbank Baden-Wuert    2.00   11/25/2016   EUR      59.26
Landesbank Baden-Wuert    3.00   11/25/2016   EUR      55.99
Landesbank Baden-Wuert    4.00   11/25/2016   EUR      54.04
Landesbank Baden-Wuert    2.50   11/25/2016   EUR      66.20
Landesbank Baden-Wuert    4.50   11/25/2016   EUR      60.38
Landesbank Baden-Wuert    5.00   11/25/2016   EUR      52.06
Credit Suisse AG/Londo    7.00    5/24/2017   CHF      74.86
Deutsche Bank AG          6.50   12/20/2016   EUR      51.24
Bank Julius Baer & Co    10.90   11/25/2016   CHF      74.10
DZ Bank AG Deutsche Ze    5.80   12/19/2016   EUR      59.81
DZ Bank AG Deutsche Ze    4.90    9/19/2016   EUR      54.39
DZ Bank AG Deutsche Ze    4.70   12/19/2016   EUR      55.54
Vontobel Financial Pro   15.00    9/23/2016   EUR      74.05
Vontobel Financial Pro   14.00   12/23/2016   EUR      75.05
Vontobel Financial Pro   13.50    9/23/2016   EUR      75.29
Landesbank Hessen-Thue    3.50     6/6/2018   EUR      70.94
Vontobel Financial Pro   10.00    9/23/2016   EUR      68.74
Vontobel Financial Pro   15.50    12/9/2016   EUR      76.24
UBS AG/London             8.90    12/9/2016   EUR      74.22
Vontobel Financial Pro   12.85     6/9/2017   EUR      75.63
Vontobel Financial Pro   12.40    12/9/2016   EUR      75.59
Vontobel Financial Pro   13.90    3/10/2017   EUR      75.02
Vontobel Financial Pro   15.45     6/9/2017   EUR      74.31
Vontobel Financial Pro   10.00    9/23/2016   EUR      72.01
Vontobel Financial Pro   10.00    9/23/2016   EUR      41.83
Goldman Sachs & Co Wer    5.00    9/20/2017   EUR      62.83
Goldman Sachs & Co Wer    9.00    8/24/2016   EUR      74.08
Goldman Sachs & Co Wer   13.00    8/24/2016   EUR      74.46
Goldman Sachs & Co Wer   11.00    8/24/2016   EUR      49.65
Goldman Sachs & Co Wer    4.00   11/23/2016   EUR      49.94
Goldman Sachs & Co Wer   10.00   11/23/2016   EUR      52.01
Goldman Sachs & Co Wer    5.00    9/20/2017   EUR      53.92
Goldman Sachs & Co Wer   23.00    9/21/2016   EUR      69.00
Goldman Sachs & Co Wer   20.00   10/26/2016   EUR      70.39
Goldman Sachs & Co Wer   19.00   11/23/2016   EUR      71.62
Goldman Sachs & Co Wer   16.00    6/21/2017   EUR      75.17
Goldman Sachs & Co Wer   14.00   11/23/2016   EUR      43.37
Goldman Sachs & Co Wer   14.00   10/26/2016   EUR      72.67
Goldman Sachs & Co Wer   13.00   11/23/2016   EUR      73.46
Goldman Sachs & Co Wer   24.00    9/21/2016   EUR      71.24
Goldman Sachs & Co Wer   18.00   10/26/2016   EUR      75.55
Bank Julius Baer & Co     9.80    11/7/2016   EUR      34.55
UBS AG/London            12.00    11/4/2016   CHF      33.84
UBS AG                    5.50   12/23/2016   EUR      75.21
UBS AG                   13.75   12/23/2016   EUR      69.21
UBS AG                    6.00   12/23/2016   EUR      69.39
UBS AG                    8.00   12/23/2016   EUR      66.26
UBS AG                    4.50   12/23/2016   EUR      73.89
UBS AG                    6.00   12/23/2016   EUR      69.68
UBS AG                    8.00   12/23/2016   EUR      66.01
UBS AG                    6.50   12/23/2016   EUR      68.59
UBS AG                    9.00    9/23/2016   EUR      75.25
UBS AG                    8.50   12/23/2016   EUR      76.33
UBS AG                   11.00   12/23/2016   EUR      73.72
Vontobel Financial Pro    6.50   12/23/2016   EUR      52.23
Bank Julius Baer & Co     5.50    11/6/2017   CHF      48.35
Credit Suisse AG/Londo    7.00    5/16/2017   CHF      70.46
DZ Bank AG Deutsche Ze    5.75    9/23/2016   EUR      49.10
DZ Bank AG Deutsche Ze    6.00   12/23/2016   EUR      49.45
DZ Bank AG Deutsche Ze    5.25    3/24/2017   EUR      51.67
Deutsche Bank AG          6.20    8/24/2016   EUR      57.00
Deutsche Bank AG          4.20    8/24/2016   EUR      54.10
Deutsche Bank AG          6.20    8/24/2016   EUR      54.20
Deutsche Bank AG          6.20    8/24/2016   EUR      51.60
Deutsche Bank AG          6.20    9/20/2016   EUR      52.10
Deutsche Bank AG          6.20   10/26/2016   EUR      58.10
Deutsche Bank AG          6.20   10/26/2016   EUR      55.20
Deutsche Bank AG          4.20   10/26/2016   EUR      54.80
Deutsche Bank AG          6.20   10/26/2016   EUR      52.70
Deutsche Bank AG          6.20   11/23/2016   EUR      58.50
Deutsche Bank AG          4.20   11/23/2016   EUR      57.90
Deutsche Bank AG          4.20   11/23/2016   EUR      55.10
Deutsche Bank AG          6.20   11/23/2016   EUR      55.70
Deutsche Bank AG          6.20   11/23/2016   EUR      53.20
Deutsche Bank AG          4.20    8/24/2016   EUR      53.80
Deutsche Bank AG          6.20    8/24/2016   EUR      53.90
Deutsche Bank AG          6.20    8/24/2016   EUR      51.60
Deutsche Bank AG          6.20    8/24/2016   EUR      49.40
Deutsche Bank AG          6.20    8/24/2016   EUR      47.50
Deutsche Bank AG          4.20   10/26/2016   EUR      54.50
Deutsche Bank AG          6.20   10/26/2016   EUR      50.50
Deutsche Bank AG          6.20   10/26/2016   EUR      48.60
Deutsche Bank AG          6.20   10/26/2016   EUR      46.70
Deutsche Bank AG          4.20   11/23/2016   EUR      54.90
Deutsche Bank AG          4.20   11/23/2016   EUR      52.50
Deutsche Bank AG          6.20   11/23/2016   EUR      51.00
Deutsche Bank AG          4.20   11/23/2016   EUR      50.40
Deutsche Bank AG          6.20   11/23/2016   EUR      49.00
Deutsche Bank AG          6.20   11/23/2016   EUR      47.20
Deutsche Bank AG          3.20    8/24/2016   EUR      56.90
Deutsche Bank AG          3.20   10/26/2016   EUR      57.40
Deutsche Bank AG          3.20   11/23/2016   EUR      60.80
Deutsche Bank AG          3.20   11/23/2016   EUR      57.60
Deutsche Bank AG          3.20   11/23/2016   EUR      57.10
Deutsche Bank AG          3.20   11/23/2016   EUR      54.60
Deutsche Bank AG          3.20   11/23/2016   EUR      52.20
Deutsche Bank AG          7.20    8/24/2016   EUR      51.70
Deutsche Bank AG          7.20    9/20/2016   EUR      52.20
Deutsche Bank AG          7.20   10/26/2016   EUR      52.90
Deutsche Bank AG          7.20   11/23/2016   EUR      53.50
Deutsche Bank AG          7.20   12/20/2016   EUR      54.00
Deutsche Bank AG          7.20    3/21/2017   EUR      55.80
Deutsche Bank AG          7.20    8/24/2016   EUR      47.50
Deutsche Bank AG          7.20   10/26/2016   EUR      48.80
Deutsche Bank AG          7.20   11/23/2016   EUR      49.30
Deutsche Bank AG          9.20    8/24/2016   EUR      51.80
Deutsche Bank AG          9.20    9/20/2016   EUR      52.40
Deutsche Bank AG          9.20   10/26/2016   EUR      53.40
Deutsche Bank AG          9.20   11/23/2016   EUR      54.10
Deutsche Bank AG          9.20   12/20/2016   EUR      54.70
Deutsche Bank AG          9.20    3/21/2017   EUR      57.00
Deutsche Bank AG          9.20    8/24/2016   EUR      76.70
Deutsche Bank AG          9.20    8/24/2016   EUR      45.80
Deutsche Bank AG          9.20   10/26/2016   EUR      47.40
Deutsche Bank AG          9.20   11/23/2016   EUR      48.10
Deutsche Bank AG          9.20    3/21/2017   EUR      51.20
HSBC Trinkaus & Burkha    9.10   10/28/2016   EUR      75.65
HSBC Trinkaus & Burkha   13.00    9/23/2016   EUR      76.03
HSBC Trinkaus & Burkha   13.30   12/23/2016   EUR      75.87
HSBC Trinkaus & Burkha   14.00   12/23/2016   EUR      69.96
HSBC Trinkaus & Burkha   12.00   12/23/2016   EUR      72.26
HSBC Trinkaus & Burkha   10.90   10/28/2016   EUR      73.63
HSBC Trinkaus & Burkha   12.50    9/23/2016   EUR      68.49
Bank Julius Baer & Co    12.60   11/17/2016   CHF      39.80
Vontobel Financial Pro    4.05    9/23/2016   EUR      63.84
Vontobel Financial Pro    5.55    9/23/2016   EUR      60.50
Vontobel Financial Pro    7.15    9/23/2016   EUR      57.54
Vontobel Financial Pro    9.20    9/23/2016   EUR      54.95
Vontobel Financial Pro   11.55    9/23/2016   EUR      52.67
Vontobel Financial Pro    9.65   12/23/2016   EUR      54.89
Vontobel Financial Pro    8.05   12/23/2016   EUR      56.86
Vontobel Financial Pro    6.50   12/23/2016   EUR      59.10
UBS AG                    9.45    11/8/2016   USD      18.20
DZ Bank AG Deutsche Ze   10.00   12/19/2016   EUR      76.60
DZ Bank AG Deutsche Ze    7.00   12/19/2016   EUR      52.50
Vontobel Financial Pro    8.50    9/23/2016   EUR      72.14
Vontobel Financial Pro    6.50    9/23/2016   EUR      75.64
Vontobel Financial Pro    6.65   12/23/2016   EUR      77.09
Vontobel Financial Pro    8.00   12/23/2016   EUR      74.00
Goldman Sachs & Co Wer   21.00   11/23/2016   EUR      69.96
Goldman Sachs & Co Wer   18.00   11/23/2016   EUR      49.86
Goldman Sachs & Co Wer   21.00   12/21/2016   EUR      48.92
Goldman Sachs & Co Wer   21.00   11/23/2016   EUR      42.93
Goldman Sachs & Co Wer   22.00   11/23/2016   EUR      67.81
Goldman Sachs & Co Wer   21.00   12/21/2016   EUR      69.16
Goldman Sachs & Co Wer   20.00   11/23/2016   EUR      74.27
Credit Suisse AG/Londo    7.00   11/18/2016   EUR      73.95
Zurcher Kantonalbank F    7.02   11/18/2016   CHF      73.26
Deutsche Bank AG          5.20    8/24/2016   EUR      60.10
Deutsche Bank AG          5.20    8/24/2016   EUR      57.00
Deutsche Bank AG          5.20    8/24/2016   EUR      51.60
Deutsche Bank AG          5.20   10/26/2016   EUR      61.00
Deutsche Bank AG          5.20   10/26/2016   EUR      57.90
Deutsche Bank AG          5.20   10/26/2016   EUR      52.50
Deutsche Bank AG          5.20   11/23/2016   EUR      61.40
Deutsche Bank AG          5.20   11/23/2016   EUR      58.20
Deutsche Bank AG          5.20   11/23/2016   EUR      52.90
Deutsche Bank AG          5.20    3/21/2017   EUR      54.50
Deutsche Bank AG          5.20    8/24/2016   EUR      56.40
Deutsche Bank AG          5.20    8/24/2016   EUR      53.90
Deutsche Bank AG          5.20    8/24/2016   EUR      51.50
Deutsche Bank AG          5.20    8/24/2016   EUR      49.40
Deutsche Bank AG          5.20    8/24/2016   EUR      47.40
Deutsche Bank AG          5.20   10/26/2016   EUR      50.30
Deutsche Bank AG          5.20   10/26/2016   EUR      48.30
Deutsche Bank AG          5.20   11/23/2016   EUR      50.70
Deutsche Bank AG          5.20   11/23/2016   EUR      48.70
Deutsche Bank AG          5.20    3/21/2017   EUR      59.30
Deutsche Bank AG          5.20    8/24/2016   EUR      75.20
Deutsche Bank AG          5.20   10/26/2016   EUR      76.10
Deutsche Bank AG          5.50    3/21/2017   EUR      74.70
Deutsche Bank AG          5.50    9/20/2016   EUR      75.10
Deutsche Bank AG          6.50    9/20/2016   EUR      75.20
Deutsche Bank AG          6.50    9/20/2016   EUR      71.50
Deutsche Bank AG          5.50    9/20/2016   EUR      71.40
Deutsche Bank AG          5.50    9/20/2016   EUR      68.00
Deutsche Bank AG          6.50    9/20/2016   EUR      68.10
Deutsche Bank AG          6.50   12/20/2016   EUR      76.60
Deutsche Bank AG          5.50   12/20/2016   EUR      76.20
Deutsche Bank AG          5.50   12/20/2016   EUR      72.60
Deutsche Bank AG          6.50   12/20/2016   EUR      73.00
Deutsche Bank AG          6.50   12/20/2016   EUR      69.70
Deutsche Bank AG          5.50   12/20/2016   EUR      69.30
Deutsche Bank AG          6.50    3/21/2017   EUR      74.20
Deutsche Bank AG          5.50    3/21/2017   EUR      73.60
Deutsche Bank AG          5.50    3/21/2017   EUR      70.50
Deutsche Bank AG          6.50    3/21/2017   EUR      71.10
Deutsche Bank AG          6.50    9/20/2016   EUR      73.90
Deutsche Bank AG          5.50    9/20/2016   EUR      73.80
Deutsche Bank AG          6.50   12/20/2016   EUR      74.30
Deutsche Bank AG          5.50   12/20/2016   EUR      73.90
Bank Julius Baer & Co    11.35   11/18/2016   CHF      42.60
Bank Julius Baer & Co     6.15   11/18/2016   CHF      69.90
Bank Julius Baer & Co     7.10   11/18/2016   EUR      53.60
DZ Bank AG Deutsche Ze    7.10   11/23/2016   EUR      48.09
UBS AG/London             7.50    2/10/2017   EUR      57.92
UBS AG/London            10.90    2/10/2017   EUR      74.34
UBS AG/London             4.70    2/10/2017   EUR      49.78
UBS AG/London             8.40    12/9/2016   EUR      56.91
Vontobel Financial Pro   17.35    3/10/2017   EUR      73.34
Goldman Sachs & Co Wer   13.00    8/24/2016   EUR      74.46
Goldman Sachs & Co Wer   11.00    8/24/2016   EUR      49.65
Goldman Sachs & Co Wer    4.00   10/26/2016   EUR      49.66
Goldman Sachs & Co Wer   10.00   11/23/2016   EUR      52.01
Goldman Sachs & Co Wer   21.00   10/26/2016   EUR      70.82
Goldman Sachs & Co Wer   20.00   11/23/2016   EUR      72.16
Goldman Sachs & Co Wer   14.00   10/26/2016   EUR      75.38
Goldman Sachs & Co Wer   14.00   11/23/2016   EUR      76.54
Goldman Sachs & Co Wer   21.00   11/23/2016   EUR      69.47
Goldman Sachs & Co Wer   17.00   11/23/2016   EUR      41.77
Goldman Sachs & Co Wer   25.00    8/24/2016   EUR      62.24
Goldman Sachs & Co Wer   20.00   11/23/2016   EUR      67.23
Goldman Sachs & Co Wer   19.00   12/21/2016   EUR      68.42
Goldman Sachs & Co Wer   13.00    9/20/2017   EUR      74.85
Goldman Sachs & Co Wer   19.00   11/23/2016   EUR      75.42
Goldman Sachs & Co Wer   22.00   10/26/2016   EUR      73.15
Bank Julius Baer & Co     9.90   11/11/2016   USD      66.10
Leonteq Securities AG    10.00   11/16/2016   CHF      69.62
UBS AG                    8.50    9/23/2016   EUR      70.03
UBS AG                    4.25   12/23/2016   EUR      73.39
UBS AG                    7.50   12/23/2016   EUR      38.35
UBS AG                    5.50    9/23/2016   EUR      73.92
UBS AG                    7.50   12/23/2016   EUR      71.77
UBS AG                    6.00    9/23/2016   EUR      68.70
UBS AG                    7.50   12/23/2016   EUR      75.27
UBS AG                    5.50   12/23/2016   EUR      41.09
UBS AG                    8.50    9/23/2016   EUR      64.80
Vontobel Financial Pro    8.30     6/9/2017   EUR      72.93
Vontobel Financial Pro    7.70     6/9/2017   EUR      75.50
Vontobel Financial Pro   11.50     9/8/2017   EUR      72.93
Vontobel Financial Pro    8.50     9/8/2017   EUR      75.26
Vontobel Financial Pro    9.95    12/9/2016   EUR      74.53
Vontobel Financial Pro    7.05    3/10/2017   EUR      75.43
DZ Bank AG Deutsche Ze    7.30   12/19/2016   EUR      56.44
Bank Julius Baer & Co     6.00   11/16/2016   CHF      69.60
Credit Suisse AG/Londo    7.25     5/9/2017   CHF      70.24
Bank Julius Baer & Co     9.40   11/10/2016   CHF      35.90
DZ Bank AG Deutsche Ze    5.00   11/25/2016   EUR      69.44
DZ Bank AG Deutsche Ze    7.10   12/19/2016   EUR      46.70
DZ Bank AG Deutsche Ze    5.00   11/25/2016   EUR      70.21
DZ Bank AG Deutsche Ze   10.00    9/23/2016   EUR      51.21
DZ Bank AG Deutsche Ze    9.50   12/23/2016   EUR      70.51
DZ Bank AG Deutsche Ze    7.50    9/23/2016   EUR      74.07
Vontobel Financial Pro    6.90    12/9/2016   EUR      55.98
Vontobel Financial Pro    8.25    3/10/2017   EUR      58.72
DZ Bank AG Deutsche Ze   10.00    9/19/2016   EUR      74.16
BNP Paribas Emissions-    5.00    9/22/2016   EUR #N/A N/A
BNP Paribas Emissions-    3.50   12/22/2016   EUR      57.67
BNP Paribas Emissions-    4.00   12/22/2016   EUR #N/A N/A
BNP Paribas Emissions-    5.50   12/22/2016   EUR #N/A N/A
Vontobel Financial Pro    9.00   12/23/2016   EUR      76.41
Vontobel Financial Pro   20.50    9/23/2016   EUR      64.28
DZ Bank AG Deutsche Ze    5.75   11/25/2016   EUR      74.46
DZ Bank AG Deutsche Ze    9.00   12/23/2016   EUR      66.31
DZ Bank AG Deutsche Ze    7.00    9/23/2016   EUR      75.17
DZ Bank AG Deutsche Ze   10.25    6/21/2017   EUR      76.85
Vontobel Financial Pro    8.65    3/10/2017   EUR      47.38
BNP Paribas Emissions-    3.00    9/22/2016   EUR #N/A N/A
BNP Paribas Emissions-    5.50    9/22/2016   EUR #N/A N/A
Vontobel Financial Pro   17.00   12/23/2016   EUR      67.47
Credit Suisse AG/Londo    2.75    1/29/2019   SEK      71.00
Landesbank Baden-Wuert    4.00    8/26/2016   EUR      62.66
Landesbank Baden-Wuert    2.55    7/26/2019   EUR      75.10
UBS AG                    4.50   12/28/2016   EUR      69.97
DZ Bank AG Deutsche Ze    5.80    9/19/2016   EUR      53.43
DZ Bank AG Deutsche Ze    5.00    9/19/2016   EUR      49.91
UBS AG                   10.00   12/22/2017   EUR      75.43
UBS AG                   10.50   12/23/2016   EUR      73.72
UBS AG                   16.75   12/23/2016   EUR      30.10
UBS AG                    7.50   12/23/2016   EUR      48.02
UBS AG                    7.75   12/22/2017   EUR      66.63
UBS AG                    7.00   12/22/2017   EUR      72.86
UBS AG                   14.50   12/23/2016   EUR      51.78
UBS AG                    6.75   12/23/2016   EUR      73.42
UBS AG                   10.25   12/22/2017   EUR      59.35
UBS AG                    5.75   12/22/2017   EUR      74.83
UBS AG                    5.00   12/22/2017   EUR      64.54
UBS AG                    5.50   12/22/2017   EUR      59.99
UBS AG                   12.25   12/23/2016   EUR      30.68
UBS AG                   14.50   12/23/2016   EUR      72.32
UBS AG                    5.25   12/23/2016   EUR      43.40
UBS AG                    6.75   12/23/2016   EUR      51.81
UBS AG                   16.00   12/23/2016   EUR      39.88
UBS AG                    5.75   12/23/2016   EUR      70.78
UBS AG                    4.00   12/23/2016   EUR      73.11
UBS AG                   12.50   12/23/2016   EUR      56.10
UBS AG                    4.00   12/22/2017   EUR      54.93
UBS AG                   10.25   12/23/2016   EUR      61.60
UBS AG                   11.75   12/23/2016   EUR      76.50
UBS AG                    7.50   12/22/2017   EUR      43.28
UBS AG                    9.50   12/22/2017   EUR      46.46
UBS AG                    4.00   12/23/2016   EUR      68.89
UBS AG                    5.75   12/22/2017   EUR      46.84
UBS AG                    7.75   12/22/2017   EUR      60.10
UBS AG                    5.75   12/23/2016   EUR      56.31
UBS AG                    8.25   12/22/2017   EUR      42.72
UBS AG                    4.50   12/23/2016   EUR      65.24
UBS AG                    4.75   12/22/2017   EUR      71.68
Goldman Sachs & Co Wer    5.00    8/24/2016   EUR      71.38
Goldman Sachs & Co Wer    8.00    8/24/2016   EUR      74.02
Goldman Sachs & Co Wer   10.00    8/24/2016   EUR      71.86
Goldman Sachs & Co Wer    6.00    8/24/2016   EUR      50.17
Goldman Sachs & Co Wer   11.00    8/24/2016   EUR      50.65
Goldman Sachs & Co Wer    9.00    6/21/2017   EUR      56.54
Goldman Sachs & Co Wer    9.00   12/21/2016   EUR      73.46
Goldman Sachs & Co Wer    8.00    3/22/2017   EUR      74.98
Goldman Sachs & Co Wer    8.00    8/24/2016   EUR      42.54
Goldman Sachs & Co Wer    7.00   12/21/2016   EUR      49.76
Goldman Sachs & Co Wer    3.00    8/24/2016   EUR      53.17
Goldman Sachs & Co Wer    8.00    8/24/2016   EUR      56.44
Goldman Sachs & Co Wer    5.00   12/21/2016   EUR      54.90
UBS AG                   11.50    9/23/2016   EUR      56.73
UBS AG                   11.25    9/23/2016   EUR      65.76
UBS AG                   12.50    9/23/2016   EUR      49.20
UBS AG                    6.25    9/23/2016   EUR      67.02
UBS AG                    4.25    9/23/2016   EUR      73.36
UBS AG                    5.75   12/22/2017   EUR      55.57
UBS AG                    7.50    9/23/2016   EUR      44.01
UBS AG                    4.50    9/23/2016   EUR      63.92
UBS AG                    7.50    9/23/2016   EUR      74.01
UBS AG                    9.00    9/23/2016   EUR      67.16
UBS AG                    6.00    9/23/2016   EUR      72.74
UBS AG                    9.00    9/23/2016   EUR      68.06
UBS AG                    7.00    9/23/2016   EUR      73.86
UBS AG                    7.00    9/23/2016   EUR      64.04
UBS AG                   10.00    9/23/2016   EUR      67.13
UBS AG                    8.25   12/23/2016   EUR      30.31
UBS AG                   10.50   12/23/2016   EUR      34.84
UBS AG                   11.25   12/22/2017   EUR      74.30
Goldman Sachs & Co Wer    3.00    8/24/2016   EUR      67.13
Goldman Sachs & Co Wer    3.00    8/24/2016   EUR      59.39
Goldman Sachs & Co Wer    8.00    8/24/2016   EUR      48.86
Goldman Sachs & Co Wer   18.00    8/24/2016   EUR      38.51
Goldman Sachs & Co Wer    7.00    3/22/2017   EUR      53.03
Goldman Sachs & Co Wer   14.00    8/24/2016   EUR      66.56
Goldman Sachs & Co Wer   18.00    8/24/2016   EUR      61.42
Goldman Sachs & Co Wer   19.00    8/24/2016   EUR      35.04
Goldman Sachs & Co Wer   10.00    8/24/2016   EUR      42.34
Goldman Sachs & Co Wer    6.00    8/24/2016   EUR      47.25
UBS AG                    6.00   12/23/2016   EUR      51.24
Goldman Sachs & Co Wer   13.00    8/24/2016   EUR      70.06
Goldman Sachs & Co Wer   19.00    8/24/2016   EUR      65.98
Goldman Sachs & Co Wer   16.00   12/21/2016   EUR      71.23
UBS AG                    6.25   12/23/2016   EUR      33.31
UBS AG                    7.75   12/22/2017   EUR      37.97
UBS AG                    5.25   12/22/2017   EUR      47.80
UBS AG                   10.50   12/22/2017   EUR      36.98
UBS AG                   13.25   12/23/2016   EUR      65.10
UBS AG                    9.50   12/22/2017   EUR      43.48
UBS AG                    8.00   12/23/2016   EUR      38.84
UBS AG                   11.75   12/23/2016   EUR      71.22
Landesbank Baden-Wuert    4.30    9/23/2016   EUR      56.70
Vontobel Financial Pro    6.50    8/26/2016   EUR      38.11
Landesbank Baden-Wuert    3.70    6/23/2017   EUR      69.62
Leonteq Securities AG/   10.58     2/3/2017   USD      35.69
Vontobel Financial Pro   11.90    10/7/2016   EUR      69.79
Landesbank Baden-Wuert    2.90    7/27/2018   EUR      51.71
UniCredit Bank AG         4.40    9/19/2018   EUR      51.19
DZ Bank AG Deutsche Ze    7.50    9/19/2016   EUR      50.10
DZ Bank AG Deutsche Ze    4.70    9/19/2016   EUR      65.25
UBS AG                   12.75   12/23/2016   EUR      73.53
UBS AG                    5.25   12/22/2017   EUR      48.65
UBS AG                    5.25   12/23/2016   EUR      58.94
UBS AG                   11.75   12/22/2017   EUR      43.11
UBS AG                    5.25   12/23/2016   EUR      74.46
UBS AG                    8.00   12/23/2016   EUR      61.99
UBS AG                    7.50   12/23/2016   EUR      64.72
UBS AG                   10.25   12/22/2017   EUR      40.73
UBS AG                    5.00   12/22/2017   EUR      51.24
UBS AG                   13.00   12/23/2016   EUR      29.94
UBS AG                    8.50   12/22/2017   EUR      41.60
UBS AG                    5.00   12/23/2016   EUR      61.97
UBS AG                    8.00   12/22/2017   EUR      70.42
UBS AG                    8.75   12/22/2017   EUR      67.99
UBS AG                   10.25   12/22/2017   EUR      64.14
UBS AG                   11.75   12/22/2017   EUR      61.38
UBS AG                   10.25   12/23/2016   EUR      40.03
UBS AG                   13.00   12/22/2017   EUR      66.69
UBS AG                    4.75   12/23/2016   EUR      46.14
UBS AG                   10.50   12/22/2017   EUR      44.24
UBS AG                    7.75   12/23/2016   EUR      68.81
Goldman Sachs & Co Wer    6.00    8/24/2016   EUR      73.94
Goldman Sachs & Co Wer    8.00    8/24/2016   EUR      50.36
Goldman Sachs & Co Wer    4.00    8/24/2016   EUR      70.11
Goldman Sachs & Co Wer    6.00    8/24/2016   EUR      72.72
Goldman Sachs & Co Wer   10.00    8/24/2016   EUR      47.82
Landesbank Baden-Wuert    4.50    8/26/2016   EUR      36.25
Goldman Sachs & Co Wer    4.00    8/24/2016   EUR      56.27
Bayerische Landesbank     2.70    8/10/2018   EUR      74.11
UBS AG                    5.50    9/23/2016   EUR      66.95
UBS AG                   12.00    9/23/2016   EUR      76.71
UBS AG                   11.50    9/23/2016   EUR      65.27
UBS AG                    5.50    9/23/2016   EUR      68.24
UBS AG                    7.75   12/23/2016   EUR      41.44
UBS AG                    5.25   12/23/2016   EUR      72.25
UBS AG                    6.50    9/23/2016   EUR      49.90
UBS AG                    9.50    9/23/2016   EUR      46.23
UBS AG                    5.00    9/23/2016   EUR      47.96
UBS AG                    7.25    9/23/2016   EUR      74.86
UBS AG                    7.00    9/23/2016   EUR      74.58
UBS AG                   13.00    9/23/2016   EUR      60.99
UBS AG                    5.50    9/23/2016   EUR      67.14
UBS AG                    6.25   12/22/2017   EUR      44.10
UBS AG                    5.00   12/23/2016   EUR      42.45
UBS AG                   11.50   12/23/2016   EUR      73.34
UBS AG                    5.50   12/23/2016   EUR      37.44
Goldman Sachs & Co Wer   10.00    8/24/2016   EUR      74.02
Goldman Sachs & Co Wer   17.00    8/24/2016   EUR      64.53
UBS AG                   13.00   12/23/2016   EUR      68.08
Goldman Sachs & Co Wer   14.00    8/24/2016   EUR      70.77
Goldman Sachs & Co Wer    8.00    8/24/2016   EUR      76.32
UBS AG                    9.00   12/22/2017   EUR      68.77
Goldman Sachs & Co Wer    3.00    8/24/2016   EUR      56.15
Goldman Sachs & Co Wer    3.00    8/24/2016   EUR      59.12
Goldman Sachs & Co Wer    5.00    8/24/2016   EUR      51.33
Goldman Sachs & Co Wer    5.00    8/24/2016   EUR      49.18
Goldman Sachs & Co Wer   13.00    8/24/2016   EUR      39.69
Goldman Sachs & Co Wer    5.00    6/21/2017   EUR      53.59
Goldman Sachs & Co Wer    5.00    6/21/2017   EUR      55.79
Goldman Sachs & Co Wer   10.00    8/24/2016   EUR      73.82
UBS AG                    8.25   12/22/2017   EUR      53.78
UBS AG                   10.50   12/22/2017   EUR      41.16
UBS AG                    7.00   12/23/2016   EUR      47.39
UBS AG                    5.00   12/22/2017   EUR      48.14
UBS AG                    9.50   12/23/2016   EUR      48.52
UBS AG                   10.50   12/22/2017   EUR      59.41
Notenstein La Roche Pr    4.20    7/17/2019   CHF      64.92
UBS AG                   14.50   12/23/2016   EUR      61.03
UBS AG                    6.75   12/23/2016   EUR      44.00
UBS AG                    8.50   12/23/2016   EUR      41.74
UBS AG                    6.50   12/22/2017   EUR      52.81
UBS AG                    6.50   12/22/2017   EUR      44.46
Landesbank Baden-Wuert    4.00    9/23/2016   EUR      44.96
Vontobel Financial Pro    6.00    8/26/2016   EUR      62.27
Vontobel Financial Pro    7.00    8/26/2016   EUR      38.43
Bank Julius Baer & Co     9.60    1/20/2017   CHF      70.10
Kaupthing ehf             3.75    2/15/2024   ISK      17.63
Leonteq Securities AG    11.00     1/9/2017   EUR      61.19
JP Morgan Structured P    3.60    7/17/2017   USD      55.46
DZ Bank AG Deutsche Ze    6.50    9/19/2016   EUR      49.99
DZ Bank AG Deutsche Ze    8.50    9/23/2016   EUR      50.22
UBS AG                    9.50   12/22/2017   EUR      65.91
UBS AG                   14.00   12/23/2016   EUR      69.38
UBS AG                   12.00   12/23/2016   EUR      36.49
UBS AG                    8.25   12/22/2017   EUR      49.34
UBS AG                    4.25   12/22/2017   EUR      69.58
UBS AG                   11.75   12/22/2017   EUR      39.28
UBS AG                    4.50   12/23/2016   EUR      70.20
UBS AG                    5.25   12/22/2017   EUR      62.18
UBS AG                    6.00   12/23/2016   EUR      41.11
UBS AG                    6.75   12/22/2017   EUR      44.98
UBS AG                    8.50   12/23/2016   EUR      35.99
UBS AG                    7.25   12/23/2016   EUR      38.29
Goldman Sachs & Co Wer    8.00    8/24/2016   EUR      71.67
Goldman Sachs & Co Wer    5.00    8/24/2016   EUR      50.07
Goldman Sachs & Co Wer    8.00    8/24/2016   EUR      50.36
Goldman Sachs & Co Wer   10.00    8/24/2016   EUR      70.69
Goldman Sachs & Co Wer    9.00   12/21/2016   EUR      73.46
Goldman Sachs & Co Wer    8.00    3/22/2017   EUR      74.98
Goldman Sachs & Co Wer   10.00    8/24/2016   EUR      47.82
Goldman Sachs & Co Wer    7.00   12/21/2016   EUR      49.76
Landesbank Baden-Wuert    4.00    8/26/2016   EUR      69.39
Goldman Sachs & Co Wer    7.00    8/24/2016   EUR      56.39
Goldman Sachs & Co Wer   10.00    8/24/2016   EUR      53.84
UBS AG                    8.00    9/23/2016   EUR      55.37
UBS AG                    4.25    9/23/2016   EUR      54.49
UBS AG                    9.25    9/23/2016   EUR      33.75
UBS AG                    7.00    9/23/2016   EUR      36.39
UBS AG                    7.50    9/23/2016   EUR      62.82
UBS AG                    8.50    9/23/2016   EUR      71.06
UBS AG                    5.00    9/23/2016   EUR      39.65
UBS AG                    8.00    9/23/2016   EUR      62.38
UBS AG                    9.50    9/23/2016   EUR      70.02
UBS AG                    4.25    9/23/2016   EUR      74.06
UBS AG                    8.50    9/23/2016   EUR      74.85
UBS AG                    4.75   12/23/2016   EUR      43.04
UBS AG                   12.00   12/23/2016   EUR      72.29
HSBC Trinkaus & Burkha    5.50    1/31/2017   EUR      66.57
UBS AG                    9.25   12/23/2016   EUR      39.13
UBS AG                    7.75   12/23/2016   EUR      44.42
Goldman Sachs & Co Wer   18.00    8/24/2016   EUR      72.94


                            *********

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, Julie Anne L. Toledo, Ivy B. Magdadaro, and
Peter A. Chapman, Editors.

Copyright 2016.  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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