TCREUR_Public/161226.mbx         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 26, 2016, Vol. 17, No. 255


                            Headlines


C R O A T I A

CROATIA: S&P Affirms 'BB/B' Sovereign Ratings, Outlook Stable


F R A N C E

AREVA NEW CO: S&P Raises Issue Rating to 'BB-'


G E R M A N Y

ADLER REAL: S&P Assigns 'BB-' CCR on Weak Debt-Protection Metrics
BASS CADET: Berlin Vinyl Outlet is Closing Down
TELE COLUMBUS: S&P Affirms 'B' Rating on EUR1.38BB Sr. Sec. Debt
WITTUR INT'L: Moody's Lowers Corporate Family Rating to B3


G R E E C E

FRIGOGLASS SAIC: Moody's Cuts Corporate Family Rating to Caa3


I R E L A N D

ALME LOAN II: Moody's Assigns Ba2 Rating to Cl E-R Sec. Notes
ALME LOAN II: Fitch Assigns 'BBsf' Rating to Cl E-R Notes
AVOCA CAPITAL CLO X: Moody's Rates Class F-R Sr. Sec. Notes B2
IRISH TV: High Court Orders Liquidation, 20 Jobs Affected


I T A L Y

ALGECO SCOTSMAN: S&P Lowers Rating on Sr. Secured Notes to 'CCC'
ALITALIA SPA: Obtains Two-Month Reprieve From Creditors
BANCA POPOLARE DI MILANO: Egan-Jones Cuts Unsec. Rating to BB
CREDITO VALTELLINESE: Egan-Jones Cuts Commercial Rating to B
MONTE DEI PASCHI: Egan-Jones Cuts Sr. Unsec. Debt Ratings to CCC+


K A Z A K H S T A N

MANGISTAU ELECTRICITY: Fitch Affirms 'BB' IDR, Outlook Negative
TSESNABANK: Fitch Lowers Long-Term Issuer Default Rating to 'B'


L U X E M B O U R G

ATENTO LUXCO 1: Fitch Affirms 'BB' LT FC Issuer Default Rating
BRAAS MONIER: Moody's Puts B1 CFR on Review for Upgrade
BSN MEDICAL: Moody's Puts B2 CFR on Review for Upgrade
INTELSAT CONNECT: Moody's Assigns Ca Rating to $750MM Notes


R U S S I A

TATFONDBANK: S&P Lowers Counterparty Credit Ratings to 'D'
URALSIB BANK: Fitch Affirms 'B' LT Issuer Default Rating


S E R B I A

SERBIA: S&P Affirms 'BB-/B' Sovereign Credit Ratings


S L O V E N I A

PETROL DD: Ljubljana Court Rejects H12's Bankruptcy Petition


U K R A I N E

PRIVATBANK PJSC: Ex-Chairman Says Nationalization Unfounded
PRIVATBANK PJSC: Fitch Puts 'CCC' IDRs on Rating Watch Evolving
METINVEST BV: Commences Debt Restructuring Following Default


U N I T E D   K I N G D O M

AMERICAN APPAREL: Closes 12 U.K. Stores, 147 Jobs Affected
CARLISLE CARPET: To Close Due to Continued Flood Damage
MISSOURI TOPCO: S&P Affirms 'CCC+' Rating on GBP150MM Debt
MOULDING CONTRACTS: Enters Administration, Cuts 90 Jobs
NOEL VILLAGE: Into Administration, Ceases Trading

SUE'S CRAFTS: Closes On Christmas Eve
TEAM ROCK: Music Publisher Drummed Into Administration


U Z B E K I S T A N

KDB BANK: S&P Affirms 'B+/B' Counterparty Credit Ratings
* Power Cut Forces Stores to Close Redhill Businesses


X X X X X X X X

* BOND PRICING: For the Week December 19 to December 23, 2016


                            *********



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C R O A T I A
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CROATIA: S&P Affirms 'BB/B' Sovereign Ratings, Outlook Stable
-------------------------------------------------------------
S&P Global Ratings revised its outlook on the Republic of Croatia
to stable from negative.  The 'BB' long-term and 'B' short-term
foreign and local currency sovereign credit ratings on Croatia
were affirmed.

                            RATIONALE

The outlook revision reflects S&P's expectation of more-positive-
than-expected growth and fiscal outcomes in 2016 because the
adverse effects of political turmoil and snap elections have not
been as pronounced as S&P anticipated.  Moreover, S&P expects
these favorable trends will continue into 2017 because political
uncertainty has decreased following what S&P regards as a more
stable outcome after early elections in September 2016.  Still,
S&P's ratings on Croatia remained constrained by the high, albeit
declining, general government debt.

Following parliamentary elections in November 2015 and lengthy
coalition talks, Croatia's ruling HDZ-MOST coalition under
technocrat Prime Minister Tihomir Oreskovic was short lived and
collapsed amid a conflict-of-interest investigation against then-
HDZ leader Tomislav Karamarko and a no-confidence vote against
the then-Prime Minister.  Even though snap elections called for
September 2016 yielded the same coalition arrangement of HDZ and
MOST, the current coalition is more stable, in S&P's view.  A
much better individual resultfor center-right party HDZ, which
has now 61 seats in parliament, coupled with the support of other
smaller parties, gives the governing coalition a comfortable
majority of 91 seats, as opposed to the 76 needed for a majority
in Croatia's parliament.

At the same time, Croatia's economy has shown greater resilience
to the domestic political turmoil than S&P anticipated, and it
has consequently revised its growth forecast upward to 2.7% in
2016 from 1.7% at the time of S&P's last review.  A record
tourist season, coupled with strengthening domestic demand on the
back of an improving labor market, growing real disposable
incomes, and an uptick in EU co-sponsored investment projects,
has helped put Croatia's economic recovery on more stable
footing, albeit against previously low levels.  S&P expects real
GDP growth will average around 2.5% annually in the next few
years.  At the same time, Croatia remains vulnerable to adverse
external economic shocks and to its reliance on the tourism
sector, which contributes about 20% to GDP.  Moreover, Croatia's
economic growth prospects hinge critically on the government's
ability to address longstanding structural challenges, such as
the state's dominant and inefficient role in the economy or a
weak business environment, as reflected in the sixth-lowest
score, among EU countries, in the World Bank's study, Doing
Business 2016.

Government finances on a flow basis have improved significantly,
with S&P's revised deficit forecast of 1.8% of GDP at the general
government level in 2016.  Despite the snap elections, the
government kept expenditures under control while revenues over
performed thanks to the structure of growth being conducive to
higher tax revenues.  S&P expects a slight widening of the
deficit next year as the implementation of EU co-funded projects
further accelerates.  In addition, a comprehensive tax reform,
including cuts to the corporate income tax, revised personal
income tax rates, higher nontaxable income, and changes to the
valued-added tax, could result in a small loss in revenues,
depending on the positive impact on growth. Still, this reform,
if combined with other structural reforms, could improve
Croatia's business environment as it seeks to simplify the tax
system.

"We expect the lower deficits will also result in a declining
government debt burden.  We forecast general government debt as a
percent of GDP, after peaking in 2015, will gradually decline to
less than 84% of GDP by 2019, down from almost 87% of GDP in
2015. Still, Croatia's debt profile is subject to a number of
risks, given that about 77% remains denominated in foreign
currency as of mid-2016, mostly the euro.  In addition, banks'
asset exposure to the general government already hovers around
23% of assets, leaving them little room to increase their
exposure further.  This makes Croatia more sensitive to changes
in global monetary conditions and sentiment, which could push up
interest rates and result in higher debt-servicing costs, eroding
progress made on achieving a primary surplus.  Moreover, S&P
thinks that ongoing lawsuits by two banks over the forced
conversion of Swiss franc-denominated mortgage loans in September
2015 and two arbitration cases of the Croatian government with
Hungarian oil company MOL could pose risks to Croatia's debt
burden in the event of an adverse ruling.

Supported by the continued strong performance of its tourism
sector, Croatia's current account will remain in surplus, in
S&P's view.  Still, S&P has lowered its average current account
surplus forecast to around 1.7% between 2016 and 2019 from 2.7%
of GDP at the time of S&P's last review, as the strong recovery
of domestic demand will also drive up imports.  With the robust
performance of Croatia's tourism sector, it expects net foreign
direct investment inflow will pick up again, to 2% of GDP in 2016
after a low 0.34% in 2015 that was in part caused by losses
incurred by foreign-owned banks following loan conversions from
Swiss francs.  In general, gross external debt as a percent of
GDP declined to about 104% by year-end 2015 from a high of 109%
in 2014, mostly on the back of strong deleveraging by Croatian
banks amid gradually increasing general government external debt.
S&P expects slight external releveraging over its forecast
horizon through year-end 2019, mostly driven by government
borrowing and, to a lesser degree, by banks, leading to a gradual
increase of narrow net external debt, S&P's preferred debt
measure, to about 75% of current account receipts.  Moreover, S&P
forecasts gross external financing needs will stay broadly stable
at around 90% of current account receipts plus usable reserves
over S&P's forecast horizon.

In 2015, banks incurred a one-time loss of about Croatian kuna
(HRK) 6.9 billion (slightly less than EUR1 billion and more than
3x the sector's combined 2014 profits) following a forced
conversion of Swiss franc loans.  Despite the shock, the banking
system remained stable and liquid.  At the same time, however,
the banking system remains weighed down by high nonperforming
loans (NPLs) which stood at slightly less than 15% of total loans
in mid-2016, down from 17% in mid-2015 as banks increasingly sell
off their NPL portfolios.  More generally, S&P expects credit
growth will rebound in 2017, after five years of contraction, as
the economic recovery gains ground.  The Croatian National Bank
(Hrvatska Narodna Banka; the central bank) is committed to the
kuna-euro peg, which limits monetary policy flexibility, as does
the highly euro-sized economy.  In 2015, 71% of loans and 62% of
deposits were denominated in or linked to a foreign currency,
usually the euro. Recently, the Croatian parliament adopted a
conclusion on accepting the Draft of the Act on Amendments to the
Act on Hrvatska Narodna Banka, which entails amendments that
would see increased scope for audits by the State Audit Office.
This draft law has already been subject to criticism by the
European Central Bank and could, if signed into law, increase
concerns over the perceived political interference with central
bank operations.

                             OUTLOOK

The stable outlook on Croatia balances S&P's expectation of
continued, albeit somewhat slower, economic growth against a
likely widening fiscal deficit next year, alongside remaining
uncertainty regarding the pace and scale of government reforms
over the next 12 months.

S&P could raise its ratings on Croatia if the economic recovery
remains on track while the new government continues to show
ability and willingness to implement structural reforms and stick
to its fiscal consolidation agenda, leading to a faster-than-
forecast consolidation of the government deficit.

Conversely, S&P could lower its ratings if Croatia's contingent
liabilities, such as the lawsuits against the government,
translated into a higher government debt burden, or if structural
reform efforts slowed, leading to lower economic growth and
higher-than-forecast deficits.

In accordance with S&P's relevant policies and procedures, the
Rating Committee was composed of analysts that are qualified to
vote in the committee, with sufficient experience to convey the
appropriate level of knowledge and understanding of the
methodology applicable.  At the onset of the committee, the chair
confirmed that the information provided to the Rating Committee
by the primary analyst had been distributed in a timely manner
and was sufficient for Committee members to make an informed
decision.

After the primary analyst gave opening remarks and explained the
recommendation, the Committee discussed key rating factors and
critical issues in accordance with the relevant criteria.
Qualitative and quantitative risk factors were considered and
discussed, looking at track-record and forecasts.

The committee agreed that the Fiscal assessment: flexibility and
performance had improved.  All other key rating factors were
unchanged.

The chair ensured every voting member was given the opportunity
to articulate his/her opinion.  The chair or designee reviewed
the draft report to ensure consistency with the Committee
decision. The views and the decision of the rating committee are
summarized in the above rationale and outlook.  The weighting of
all rating factors is described in the methodology used in this
rating action.

RATINGS LIST

                                        Rating
                                        To            From
Croatia (Republic of)
Sovereign Credit Rating
  Foreign and Local Currency            BB/Stable/B   BB/Neg./B
Transfer & Convertibility Assessment   BBB           BBB
Senior Unsecured
  Foreign Currency                      BB            BB
Short-Term Debt
  Local Currency                        B             B



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F R A N C E
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AREVA NEW CO: S&P Raises Issue Rating to 'BB-'
----------------------------------------------
S&P Global Ratings said that it has reviewed its recovery and
issue-level ratings for AREVA subsidiary New Co that were labeled
as "under criteria observation" (UCO) after publishing its
revised recovery ratings criteria on Dec. 7, 2016.  With S&P's
criteria review complete, it is removing the UCO designation from
these ratings and are raising the issue rating to 'BB-' from 'B+'
and revising the recovery rating to '2' from '3'.

These rating actions stem solely from the application of S&P's
revised recovery criteria and do not reflect any change in its
assessment of the corporate credit ratings for issuers of the
affected debt issues.

Key Analytical Factors:

   -- Following the publication of S&P's revised recovery ratings
      criteria on Dec. 7, 2016, S&P reviewed the group's recovery
      and issue-level ratings.  As a result of this review, S&P
      is revising its recovery ratings to '2' from '3' on New
      Co's various senior unsecured bonds.  S&P is therefore
      raising the issue ratings on these instruments to 'BB-'
      from 'B+'.

   -- S&P is revising its recovery ratings because the cap for
      unsecured instruments under the new criteria for issuers in
      the 'B' category has moved to '2' from '3'.  The rating is
      supported by the company's robust asset base and minor
      prior-ranking debt claims, but constrained by the
      substantial amount of pari passu unsecured debt.  Under
      S&P's hypothetical default scenario, it assumes a
      combination of loss of key customers and a prolonged
      downturn in the industry, leading to lower pricing and
      operational issues.

   -- S&P values New Co as a going concern, given its market-
      leading position and diversified product offering.

Simulated default assumptions:
   -- Year of default: 2017
   -- Jurisdiction: France

Simplified recovery waterfall:
   -- Gross recovery value: EUR5,013 million
   -- Net recovery value after admin expenses (5%):
      EUR4,857 million
   -- Prior-ranking claims: EUR666 million* mainly related to the
      Georges Besse II plant
   -- Remaining recovery value: EUR4,191 million
   -- Senior unsecured debt claims: EUR5,007 million*
   -- Recovery range: 70%-90% (higher half of the range)
   -- Recovery rating: 2

*All debt amounts include six months of prepetition interest.



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G E R M A N Y
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ADLER REAL: S&P Assigns 'BB-' CCR on Weak Debt-Protection Metrics
-----------------------------------------------------------------
S&P Global Ratings said that it has assigned its 'BB-' long-term
corporate credit rating to German property investment company
Adler Real Estate AG.  The outlook is positive.

"The rating reflects our view of Adler's weak debt-protection
metrics, which are somewhat offset by the company's sound
position in residential property market in Germany.  In our view,
Adler has a sound portfolio of residential properties in the
north and west of Germany, mainly in smaller cities.  Adler is
one of the largest property companies in Germany, managing a
portfolio of about 50,000 units valued at about EUR2.4 billion.
Adler enjoys a high degree of tenant and asset diversity, which
we believe compares favorably with that of most peers we rate in
the same business risk category, for example office or retail
property investment companies," S&P said.

S&P's assessment of Adler's business risk reflects S&P's view
that German residential properties benefit from lower volatility
in rents and asset values than in other countries and the
commercial real estate sector as a whole.  S&P thinks that demand
from German households for midsize apartments with midmarket
rents will remain stable in the portfolio's main geographic
locations.  S&P believes that rents will continue to increase
steadily in the next two to three years, due to low levels of new
construction.  S&P notes that there is limited development risk
in the portfolio because development is confined to the
renovation of existing properties. The average stay per tenant is
long, at 10 years, with a low percentage of tenants leaving each
year.

"The main constraint to the business risk profile is the smaller
portfolio size than that of other rated German peers, relatively
high vacancy rate (10.7%), exposure to smaller cities with
limited opportunities for employment, and lower rent levels than
the regional market average.  Adler's presence in cities with
over 200,000 inhabitants is just about 30%, compared with 60%-70%
for such German residential companies as Grand City Properties,
Conwert, and Vonovia.  We understand that a relatively low
occupancy rate is a result of Adler's acquisition of an
underperforming portfolio and that its strategy is to increase
vacancy through active asset management, investments in
renovation, and a better tenant proposition through integrating
all property management services in-house," S&P noted.

While Adler is focusing on smaller cities and secondary
locations, its strategy is to choose apartment portfolios in
cities with low unemployment and established employers in the
region, or close to large metropolitan areas.  S&P understands
that there is some potential rent adjustment at renewal and re-
letting, since Adler's rent levels (EUR5 per square meter) are
below market average in the respective regions.  However, S&P
also notes that most of Adler's tenants have low to middle
incomes and are quite sensitive to rent increases.

Adler's debt leverage is high relative to the industry's
standards, in S&P's view.  S&P projects the S&P Global Ratings-
adjusted ratio of debt to debt plus equity will be slightly
higher than 65% (adjusted for Adler's shares in Conwert), and the
adjusted EBITDA-to-interest ratio slightly below 1.3x by the end
of 2016.  S&P expects these ratios will improve and be in the
range of 60%-65% and 1.3x-1.8x, respectively, in 2017.  S&P
excludes gains from the sale of apartments from our EBITDA
calculation, since S&P treats such revenue as volatile and
nonrecurring.  That said, S&P understands that the company's cash
flow generation benefits from this activity, since its
subsidiary, Accentro, is the largest company in Germany
specializing in selling properties to individuals.

Adler is committed to deleveraging and its financial policy is
centered around a loan-to-value ratio below 60%.  S&P adjusts
Adler's debt leverage for its large shareholding in another
German property company, Conwert, and expect that Adler's gross
debt and interest payments will reduce because proceeds from the
sale of this stake will likely be used for debt reduction in
2017.  S&P treats the company's EUR175 million mandatory
convertible bond as equity, since mandatory conversion will take
place in December 2018.  Most of the company's capital structure
comprises secured debt, and the share of rental income from
unencumbered assets is below 50%.

S&P's comparable rating analysis constrains the rating on Adler
by one notch.  This mostly reflects S&P's view that Adler's
financial risk profile is at the lower end of S&P's aggressive
category because of its higher leverage than peers S&P rates in
the 'BB' category.  It also reflects Adler's exposure to smaller
cities and the relatively lower availability of employment and,
consequently, asset attractiveness compared with larger urban
areas to which Adler has exposure of only 30%.

The positive outlook indicates that S&P may raise the rating
within the next six to 12 months if the company's deleveraging
efforts bring the S&P Global Ratings-adjusted interest coverage
ratio to about 1.5x and debt to debt to debt plus equity ratio to
less than 65%.  The outlook is also supported by S&P's view of
favorable trends in Germany's residential property market.

Upside scenario:

An upgrade will hinge on Alder's willingness and ability to
maintain an adjusted ratio of debt to debt plus equity lower than
65% and an EBITDA interest-coverage ratio materially higher than
1.3x.  This would be demonstrated by achievement of the planned
debt reduction, which will improve the company's interest
coverage in the future.  The company's commitment to using more
than EUR400 million in proceeds from the disposal of the Conwert
shares in early 2017 to reduce debt will be crucial to the
improvement of the company's credit metrics.

Adler's commitment to its financial policy target of a loan-to-
value ratio below 60%, and a prudent approach to acquisitions,
would also be important considerations.

Downside scenario:

S&P could consider revising the outlook to stable if, in
particular, Adler's debt to debt plus equity ratio stayed at
about 65% and its EBITDA interest coverage ratio remained at
about 1.3x, as a result of lower deleveraging from asset sales
and/or unexpected acquisitions.  Similar action might follow if
improvements in operating performance were weaker than S&P
anticipated.  The company's ability to improve its vacancy rate
and profitability will be key areas to monitor.


BASS CADET: Berlin Vinyl Outlet is Closing Down
-----------------------------------------------
Mark Smith at Resident Advisor reports that they are having a
farewell party at GriessmÅhle on January 26 as Bass Cadet Records
will close at the end of 2016.

The vinyl and clothing shop was situated for three and a half
years on Weserstrasse in Berlin's Neukolln district, according to
Resident Advisor.  In a written statement, the team behind the
store said "roadworks that choked us since August" were behind
their decision to close, the report relays.  The store had forged
relationships with the likes of Levon Vincent, DJ Qu, Jus-Ed,
Fred P, Ron Trent, AYBEE, Lerato and others over the years, the
report says.  They also started an eponymous label and a sub-
label called Orbits, which has released a record from Trent and
has a forthcoming 12-inch from Jenifa Mayanja.

The store's farewell party is taking place at Berlin club
Griessmuhle on January 26th, with Deadbeat, rRoxymore, Telephones
and more than 30 other acts on the bill, the report discloses.


TELE COLUMBUS: S&P Affirms 'B' Rating on EUR1.38BB Sr. Sec. Debt
----------------------------------------------------------------
S&P Global Ratings said that it has reviewed its recovery and
issue-level ratings for Tele Columbus AG that were labeled as
"under criteria observation" (UCO) after publishing its revised
recovery ratings criteria on Dec. 7, 2016.  With S&P's criteria
review complete, it is removing the UCO designation from these
ratings and are affirming S&P's 'B' issue rating on the company's
EUR1,380 million senior secured debt.  At the same time, S&P is
revising its recovery rating on this debt upward to '3' from '4'.

These rating actions stem solely from the application of S&P's
revised recovery criteria and do not reflect any change in its
assessment of the corporate credit ratings for issuers of the
affected debt issues.

Key analytical factors:

   -- Following the publication of its revised recovery ratings
      criteria on Dec. 7, 2016, S&P reviewed the company's
      recovery and issue-level ratings.  As a result of this
      review, S&P revised upward its recovery rating on Tele
      Columbus' EUR1,380 million senior secured debt to '3' from
      '4', indicating S&P's expectation of meaningful recovery in
      the lower half of the 50%-70% range in the event of a
      payment default.  At the same time, S&P affirmed its 'B'
      issue rating on this debt.  S&P's hypothetical default
      scenario contemplates a payment default due to increased
      competition in broadband and telephone (from other telecom
      operators) and in cable TV (from other TV platforms,
      including Internet Protocol television and over-the-top
      providers).

   -- S&P values Tele Columbus as a going concern because it is a
      key player in the sector, with high barriers to entry in
      the market, recognized brand names, long-term contracts,
      and experienced management.

Simulated default assumptions:

   -- Year of default: 2019
   -- Jurisdiction: Germany

Simplified recovery waterfall:

   -- Emergence EBITDA: EUR146 million. Capital expenditure
      (capex) set at 6% of sales, which is above S&P's anchor
      recovery percentage to reflect S&P's expectations for
      minimum capex at emergence from default in the capex-
      intense cable industry.  Cyclicality adjustment is 0%, in
      line with the specific industry sub-segment.  S&P uses an
      operational adjustment of 10% to reflect higher levels of
      maintenance capex for Tele Columbus, in line with S&P's
      assumptions for sector peers.

   -- Multiple: 5.5x. Adjusted down by 0.5x to reflect S&P's
      assessment of Tele Columbus' business risk profile relative
      to peers.  Gross recovery value: EUR804 million

   -- Net recovery value for waterfall after admin expenses (5%):
      EUR763 million

   -- Priority claims: EUR2 million (1) (2)

   -- Estimated first lien debt claim: EUR1,432 million (2)

   -- Value available for first lien claim: EUR761 million

   -- Recovery range: 50%-70% (in the lower half of the range)

   -- Recovery rating: 3

(1) Includes: Pepcom debt.
(2) All debt amounts include six months of prepetition interest.


WITTUR INT'L: Moody's Lowers Corporate Family Rating to B3
----------------------------------------------------------
Moody's Investors Service, has downgraded the Corporate Family
Rating (CFR) to B3, from B2 and the Probability of Default Rating
to B3-PD, from B2-PD of Wittur International Holding GmbH.
Concurrently, Moody's has downgraded to B2, from B1, the rating
assigned to the senior secured credit facilities of Wittur
Holding GmbH and to Caa2, from Caa1 the rating assigned to the
senior unsecured notes of Wittur. The outlook on all ratings has
been changed to stable from negative.

RATINGS RATIONALE

"The downgrade predominantly reflects Wittur's elevated leverage
with limited prospects of a recovery to levels commensurate with
a B2 rating over the next 12-18 months based on Moody's
projections," says Scott Phillips, a Moody's Vice President --
Senior Analyst and lead analyst for Wittur. "While the company
should deliver single digit revenue growth in 2017, underpinned
primarily by its operations in Europe, the group's still high
exposure to China presents a meaningful downside risk", added Mr.
Phillips.

Moody's estimates that leverage at the end of Q3-2016 (as
measured by Moody's adjusted debt / EBITDA and pro-forma for
Sematic) stood at 7.7x, significantly higher than the agency's
expectations for a B2 rating, of 6.5x or lower. The high leverage
reflects a combination of modestly weaker underlying
profitability driven by a downturn in the new installations
market in China, the effects of restructuring costs (relating
primarily to the acquisition of Sematic) and higher financial
debt (driven by an unforeseen Term Loan B tap and higher
utilization of the group's Revolving Credit Facility (RCF)).

Moody's forecasts that Wittur will achieve low single digit
revenue growth in 2017 driven primarily by Europe but also
reflecting a full year contribution from recent product
developments. On top of this, the rating agency anticipates that
EBITDA margins will expand slightly as the group begins to
realize synergies from its acquisition of Sematic in April 2016.
Nevertheless, Moody's believes that Wittur's high exposure to
China (around 30-35% of revenue) still presents a meaningful
downside risk. While recent economic data suggest construction
activity is increasing in the region, real estate inventory
levels remain high, particularly in smaller cities. In addition,
the large elevator Original Equipment Manufacturers (OEMs), to
which Wittur is a key supplier, continue to warn of high price
competition, which may put at risk the issuer's future
profitability margins, irrespective of installation volumes.

RATIONALE FOR THE STABLE OUTLOOK

The stable outlook reflects Moody's expectation that leverage
metrics will remain in-line with guidance for a B3 rating
(adjusted debt / EBITDA below 7.5x) and that liquidity will
remain adequate, supported by positive free cash flow generation.

WHAT COULD CHANGE THE RATING -- UP/DOWN

If Wittur were to deleverage below 6.5x - with adequate levels of
liquidity - then Moody's could upgrade the ratings of Wittur.
Conversely, Moody's could downgrade Wittur if leverage were to
sustainably remain above 7.5x and if liquidity were to
deteriorate from current levels.

The principal methodology used in these ratings was "Global
Manufacturing Companies" published in July 2014.



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G R E E C E
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FRIGOGLASS SAIC: Moody's Cuts Corporate Family Rating to Caa3
-------------------------------------------------------------
Moody's Investors Service has downgraded the Greek manufacturer
Frigoglass SAIC's corporate family rating (CFR) to Caa3 from Caa1
and its probability of default rating (PDR) to Caa3-PD from Caa1-
PD. Concurrently, Moody's has downgraded the senior unsecured
rating assigned to the notes issued by Frigoglass Finance B.V.
and due 2018 to Caa3 from Caa1. The outlook on the ratings
remains negative.

RATINGS RATIONALE

The rating actions reflects the increased risk that Frigoglass
will not meet its debt obligation upon maturity of its RCF and
shareholder's loan in March 2017 and Moody's view that a
potential default, for example through a distressed exchange
under Moody's definition of default, has become more likely. The
Caa3 CFR reflects, in addition to the increased default risk, the
limited recovery expectation, in case of a default, for the
senior unsecured debt.

As of September 2016, Frigoglass's debt amounted to EUR393
million, including (1) EUR38 million under the RCF maturing in
March 2017; (2) EUR30 million under a shareholder's loan, also
maturing in March 2017; and (3) EUR75 million of short term debt
under two facilities with some Greek banks at the parent company
level and some local facilities at Frigoglass's operating
subsidiaries. Frigoglass held EUR77.6m in cash as of September
2016, but Moody's expects that this amount will sharply reduce
before March 2017, owing to: (1) the repayment of EUR14 million
of the RCF in 4Q16 as entailed by the amend and extend agreement
signed in March 2016; (2) the payment of the semi-annual coupon
on the bond in November 2016; (3) seasonal working capital
absorption in 1Q17; (4) maintenance capex. Therefore, available
cash is insufficient to cover the debt maturities, leaving
Frigoglass reliant on the roll-over of short-term borrowing and
on the extension of the RCF and shareholder's loan.

Frigoglass has undertaken a strategic review of its capital
structure and Moody's believes that there is a high risk of a
debt restructuring that would be detrimental to creditors, such
as a distressed debt exchange on the outstanding bond. Moody's
warns that a temporary extension of current maturities might be
also viewed as a distressed debt exchange, under Moody's
criteria, depending on the agreed terms on the extension.

The Caa3 rating of the 2018 notes is in line with the CFR,
reflecting the fact that the shareholder's loan and the bank
debt, with the exception of a non-material facility at a non-
guarantor Indian subsidiary, rank pari passu with the notes and
all benefit from the same guarantee package.

The rating action also reflects the persisting weak operating
performance in 9M16 when Frigoglass's sales and reported EBITDA
declined by approximately 11%, owing to subdued demand in a
number of markets.

RATIONALE FOR THE NEGATIVE OUTLOOK

The negative outlook reflects Moody's view that the risk of a
default is increasing, as the company could be unable to
refinance its upcoming maturities.

WHAT COULD CHANGE THE RATING - UP/DOWN

Upward pressure on the rating could develop if Frigoglass is able
to restore an adequate liquidity profile and to improve its
financial structure by materially reducing its debt. This could
mainly be achieved by extraordinary operations such as the
disposal of assets or capital injections.

Given the rating positioning, downward pressure could result if
Frigoglass is unable to refinance its current maturities or if
Moody's believes that recovery prospects for creditors will
further deteriorate.

PRINCIPAL METHODOLOGY

The principal methodology used in these ratings was Global
Manufacturing Companies published in July 2014.

Incorporated in Greece, Frigoglass has a widespread global
presence, with a focus on countries in both Western and Eastern
Europe, Africa and the Middle East, and Asia and Oceania. The
group produces beverage refrigerators for global players in the
beverage industry, with key customers including Coca-Cola Company
(The) bottlers and major brewers. Truad Verwaltungs A.G. owns
approximately 45% of Frigoglass and is a long-term investor in
the group. Truad Verwaltungs A.G. is a trust representing the
interests of the Leventis family and no member has a majority
vote.



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


ALME LOAN II: Moody's Assigns Ba2 Rating to Cl E-R Sec. Notes
-------------------------------------------------------------
Moody's Investors Service has assigned definitive ratings to six
classes of notes ("Refinancing Notes") to be issued by ALME Loan
Funding II D.A.C.:

  -- EUR1,500,000 Class X Senior Secured Floating Rate Notes due
     2030, Definitive Rating Assigned Aaa (sf)

  -- EUR224,000,000 Class A-R Senior Secured Floating Rate Notes
     due 2030, Definitive Rating Assigned Aaa (sf)

  -- EUR50,700,000 Class B-R Senior Secured Floating Rate Notes
     due 2030, Definitive Rating Assigned Aa2 (sf)

  -- EUR20,400,000 Class C-R Senior Secured Deferrable Floating
     Rate Notes due 2030, Definitive Rating Assigned A2 (sf)

  -- EUR19,200,000 Class D-R Senior Secured Deferrable Floating
     Rate Notes due 2030, Definitive Rating Assigned Baa2 (sf)

  -- EUR21,600,000 Class E-R Senior Secured Deferrable Floating
     Rate Notes due 2030, Definitive Rating Assigned Ba2 (sf)

RATINGS RATIONALE

Moody's definitive rating of the Notes addresses the expected
loss posed to noteholders by the legal final maturity of the
notes in 2030. The rating reflects the risks due to defaults on
the underlying portfolio of assets, the transaction's legal
structure, and the characteristics of the underlying assets.
Furthermore, Moody's is of the opinion that the collateral
manager, Apollo Management International LLP ("Apollo"), has
sufficient experience and operational capacity and is capable of
managing this CLO.

The Issuer has issued the Refinancing Notes in connection with
the refinancing of the following classes of notes: Class A Notes,
Class B Notes, Class C Notes, Class D Notes and Class E Notes due
2027 (the "Original Notes"), previously issued July 2014 (the
"Original Closing Date"). On the Refinancing Date, the Issuer
will use the proceeds from the issuance of the Refinancing Notes
to redeem in full its respective Original Notes. On the Original
Closing Date, the Issuer also issued the Class F Notes which will
be redeemed and not refinanced as well as one class of
subordinated notes, which remains outstanding.

ALME Loan Funding II D.A.C. is a managed cash flow CLO with a
target portfolio made up of EUR375,000,000 par value of mainly
European corporate leveraged loans. At least 90% of the portfolio
must consist of senior secured loans, senior secured bonds and
eligible investments, and up to 10% of the portfolio may consist
of second-lien loans, unsecured loans, mezzanine obligations and
senior unsecured bonds. The portfolio may also consist of up to
7% of fixed rate obligations. The portfolio is expected to be
100% ramped up as of the closing date and to be comprised
predominantly of corporate loans to obligors domiciled in Western
Europe.

Apollo Management International LLP ("Apollo") will actively
manage the collateral pool of 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, collateral purchases are
permitted using principal proceeds from unscheduled principal
payments and proceeds from sales of credit risk obligations, and
are subject to certain restrictions.

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.

Loss and Cash Flow Analysis:

Moody's modeled the transaction using a cash flow model based on
the Binomial Expansion Technique, as described in Section 2.3.2.1
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.

The key model inputs Moody's used in its analysis, such as par,
weighted average rating factor, diversity score and the weighted
average recovery rate, are based on its published methodology and
could differ from the trustee's reported numbers. For modeling
purposes, Moody's used the following base-case assumptions:

Performing par and principal proceeds balance: EUR375,000,000

Defaulted par: EUR 0

Diversity Score: 37

Weighted Average Rating Factor (WARF): 2780

Weighted Average Spread (WAS): 3.90%

Weighted Average Recovery Rate (WARR): 43.0%

Weighted Average Life (WAL): 8 years

As part of its analysis, Moody's has addressed the potential
exposure to obligors domiciled in countries with local currency
government bond rating 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, where exposures to countries rated below A3
cannot exceed 5% (with none allowed below Baa3). Given this
portfolio composition, the model was run with different target
par amounts depending on the target rating of each class of notes
as further described in the Request for Comment. 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 X and Class A notes, 0.50% for the Class B
notes, 0.375% for the Class C notes and 0% for Classes D and E.

Moody's has also tested the sensitivity of the ratings of the
notes to haircuts to the par amount and the recovery assumption
for current pay obligations within the portfolio (up to 5% in
aggregate). CLOs typically define a current pay security as an
obligation of an entity that is undergoing insolvency
proceedings, that is current on its interest and principal
payments, and that the manager believes will remain current. An
instrument with a facility rating of at least Caa1/Caa2 and a
market value of at least 80%/85% is typically eligible for
current pay status. However, this transaction does not set a
rating requirement for defaulted obligations to qualify as
current pay obligations with full par treatment. Based on the
results of Moody's analysis, Moody's do not expect this feature
to have a material negative impact on the rated notes.

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. Apollo's investment decisions
and management of the transaction will also affect the notes'
performance.

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.

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

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

Stress Scenarios:

Together with the set of modeling assumptions above, Moody's
conducted an additional sensitivity analysis, which was a
component in determining the provisional rating assigned to the
rated Notes. This sensitivity analysis includes increased default
probability relative to the base case.

A summary of the impact of an increase in default probability
(expressed in terms of WARF level) on the Notes (shown in terms
of the number of notch difference versus the current model
output, whereby a negative difference corresponds to higher
expected losses), assuming that all other factors are held equal:

Percentage Change in WARF -- increase of 15% (from 2780 to 3197)

Rating Impact in Rating Notches

Class X Senior Secured Floating Rate Notes: 0

Class A-R Senior Secured Floating Rate Notes: 0

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

Class C-R Senior Secured Deferrable Floating Rate Notes: -2

Class D-R Senior Secured Deferrable Floating Rate Notes: -2

Class E-R Senior Secured Deferrable Floating Rate Notes: -1

Percentage Change in WARF -- increase of 30% (from 2750 to 3614)

Rating Impact in Rating Notches

Class X Senior Secured Floating Rate Notes: 0

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

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

Class C-R Senior Secured Deferrable Floating Rate Notes: -4

Class D-R Senior Secured Deferrable Floating Rate Notes: -3

Class E-R Senior Secured Deferrable Floating Rate Notes: -2

Further details regarding Moody's analysis of this transaction
may be found in the related new issue report, published after the
Original Closing Date in July 2014 and available on Moodys.com.


ALME LOAN II: Fitch Assigns 'BBsf' Rating to Cl E-R Notes
---------------------------------------------------------
Fitch Ratings has assigned ALME Loan Funding II DAC refinancing
notes final ratings, as follows:

EUR1.5m Class X: 'AAAsf'; Outlook Stable
EUR224m Class A-R: 'AAAsf'; Outlook Stable
EUR50.7m Class B-R: 'AAsf'; Outlook Stable
EUR20.4m Class C-R: 'Asf'; Outlook Stable
EUR19.2m Class D-R: 'BBBsf'; Outlook Stable
EUR21.6m Class E-R: 'BBsf'; Outlook Stable

ALME Loan Funding II D.A.C. is a cash flow collateralised loan
obligation (CLO). Net proceeds from the issuance of the notes are
being used to refinance the current rated outstanding notes. The
portfolio of assets is managed by Apollo Management International
LLP.

KEY RATING DRIVERS

'B' Portfolio Credit Quality

Fitch assesses the average credit quality of obligors as being in
the 'B' category. Fitch has public ratings or credit opinions on
all obligors in the identified portfolio. The weighted average
rating factor (WARF) of the underlying portfolio is 31.9, below
the maximum covenanted WARF of 33.0.

High Recovery Expectations

At least 90% of the portfolio will comprise senior secured
obligations. Recovery prospects for these assets are typically
more favourable than for second-lien, unsecured and mezzanine
assets. The weighted average recovery rate (WARR) of the
identified portfolio is 68.4%, above the minimum covenanted WARR
of 67%.

Diversified Asset Portfolio

The issuer introduced during the refinancing process a covenant
that limits the top 10 obligors in the portfolio to 20% of the
portfolio balance. In addition, the maximum Fitch industry
exposure is restricted to 17.5% for the largest industry and 40%
for the top three industries. This ensures that the asset
portfolio is not exposed to excessive obligor concentration.

Limited Interest Rate Risk

Unhedged fixed rate assets cannot exceed 7% of the portfolio
while there are no fixed-rate liabilities. The impact of unhedged
interest rate risk was assessed in the cash flow model analysis.

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 a confirmation to be
given if Fitch declines to comment.

RATING SENSITIVITIES

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

TRANSACTION SUMMARY

The issuer has amended the capital structure and extended the
maturity of the notes; it changed the payment frequency of the
notes to quarterly, although a frequency switch mechanism was
introduced.

The transaction features a four-year reinvestment period, which
is scheduled to end in 2021.

The structure no longer has junior class F notes. On the other
hand EUR1.5m class X notes ranking pari-passu to the class A
notes have been added. The principal amount is scheduled to
amortise in equal instalments during the first four payment dates
using interest proceeds only, unless there is an over-
collateralisation (OC) test breach. Class X notional is excluded
from the OC tests calculation but a breach of this test will
divert interest and principal proceeds to the pro-rata repayment
of the class X notes with the class A notes. It should be noted
that non-payment of scheduled principal on the class X notes on
the specific dates will not represent an event of default
according to the transaction documents and unpaid principal will
be due at the next payment date.

The participating term certificates have been upsized by EUR8m
and the maturity has been extended to 2040.


AVOCA CAPITAL CLO X: Moody's Rates Class F-R Sr. Sec. Notes B2
--------------------------------------------------------------
Moody's Investors Service has assigned definitive ratings to six
classes of notes ("Refinancing Notes") issued by Avoca Capital
CLO X Designated Activity Company:

  -- EUR185,000,000 Class A-R Senior Secured Floating Rate Notes
     due 2030, Definitive Rating Assigned Aaa (sf)

  -- EUR36,000,000 Class B-R Senior Secured Floating Rate Notes
     due 2030, Definitive Rating Assigned Aa2 (sf)

  -- EUR14,500,000 Class C-R Senior Secured Deferrable Floating
     Rate Notes due 2030, Definitive Rating Assigned A2 (sf)

  -- EUR14,500,000 Class D-R Senior Secured Deferrable Floating
     Rate Notes due 2030, Definitive Rating Assigned Baa2 (sf)

  -- EUR18,500,000 Class E-R Senior Secured Deferrable Floating
     Rate Notes due 2030, Definitive Rating Assigned Ba2 (sf)

  -- EUR8,000,000 Class F-R Senior Secured Deferrable Floating
     Rate Notes due 2030, Definitive Rating Assigned B2 (sf)

RATINGS RATIONALE

Moody's ratings of the Notes address the expected loss posed to
noteholders. The ratings reflect the risks due to defaults on the
underlying portfolio of assets, the transaction's legal
structure, and the characteristics of the underlying assets.

The Issuer has issued the Refinancing Notes in connection with
the refinancing of the following classes of notes: Class A Notes,
Class B Notes, Class C Notes, Class D Notes and Class E Notes due
2026 (the "Original Notes"), previously issued on November 26,
2013 (the "Original Closing Date"). On the Refinancing Date, the
Issuer will use the proceeds from the issuance of the Refinancing
Notes to redeem in full its respective Original Notes. On the
Original Closing Date, the Issuer also issued one class of
subordinated notes, which will remain outstanding.

Avoca Capital CLO X Designated Activity Company is a managed cash
flow CLO. The issued notes are collateralized primarily by
broadly syndicated first lien senior secured corporate loans. At
least 90% of the portfolio must consist of senior secured loans
and eligible investments, and up to 10% of the portfolio may
consist of second lien loans, unsecured loans, mezzanine
obligations and high yield bonds. The underlying portfolio will
be approximately 85% of the target par amount as of the
refinancing closing date.

KKR Credit Advisors (Ireland) Unlimited Company (the "Manager")
manages the CLO. It directs the selection, acquisition, and
disposition of collateral on behalf of the Issuer. After the
reinvestment period, which ends in January 2021, the Manager may
reinvest unscheduled principal payments and proceeds from sales
of credit risk obligations, subject to certain restrictions.

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.

Loss and Cash Flow Analysis:

Moody's modeled the transaction using a cash flow model based on
the Binomial Expansion Technique, as described in Section 2.3.2.1
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.

The key model inputs Moody's used in its analysis, such as par,
weighted average rating factor, diversity score and the weighted
average recovery rate, are based on its published methodology and
could differ from the trustee's reported numbers. For modeling
purposes, Moody's used the following base-case assumptions:

Performing par and principal proceeds balance: EUR300,000,000

Defaulted par: $0

Diversity Score: 37

Weighted Average Rating Factor (WARF): 2750

Weighted Average Spread (WAS): 4.00%

Weighted Average Recovery Rate (WARR): 44%

Weighted Average Life (WAL): 8 years

As part of its analysis, Moody's has addressed the potential
exposure to obligors domiciled in countries with local currency
government bond rating 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, where exposures to countries rated below A3
cannot exceed 5% (with none allowed below Baa3). Also, the
eligibility criteria do not currently allow for the acquisition
of assets where the obligor is domiciled in a country with a
local currency government bond rating below A3. Given this
portfolio composition, there were no adjustments to the target
par amount, as further described in the methodology.

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.

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

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

Stress Scenarios:

Together with the set of modeling assumptions above, Moody's
conducted an additional sensitivity analysis, which was a
component in determining the ratings assigned to the rated Notes.
This sensitivity analysis includes increased default probability
relative to the base case.

A summary of the impact of an increase in default probability
(expressed in terms of WARF level) on the Notes (shown in terms
of the number of notch difference versus the current model
output, whereby a negative difference corresponds to higher
expected losses), assuming that all other factors are held equal:

Percentage Change in WARF -- increase of 15% (from 2750 to 3163)

Rating Impact in Rating Notches:

Class A-R Senior Secured Floating Rate Notes: 0

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

Class C-R Senior Secured Deferrable Floating Rate Notes: -1

Class D-R Senior Secured Deferrable Floating Rate Notes: -1

Class E-R Senior Secured Deferrable Floating Rate Notes: 0

Class F-R Senior Secured Deferrable Floating Rate Notes: 0

Percentage Change in WARF -- increase of 30% (from 2750 to 3575)

Rating Impact in Rating Notches:

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

Class B-R Senior Secured Floating Rate Notes: -3

Class C-R Senior Secured Deferrable Floating Rate Notes: -3

Class D-R Senior Secured Deferrable Floating Rate Notes: -2

Class E-R Senior Secured Deferrable Floating Rate Notes: -1

Class F-R Senior Secured Deferrable Floating Rate Notes: 0


IRISH TV: High Court Orders Liquidation, 20 Jobs Affected
---------------------------------------------------------
The Kerryman reports that 20 jobs have been lost in Tralee after
the High Court ordered that Irish TV be placed in liquidation.

Last month, the satellite TV network -- which specializes in
regional programming aimed at the Irish diaspora -- was placed in
examinership after its main financial backer withdrew his
support, The Kerryman recounts.

It had been hoped a new backer could be found for the channel but
the effort to source new funding has proven unsuccessful, The
Kerryman notes.  On Dec. 20, in the High Court Ms. Justice,
Caroline Costello ordered that a liquidator be appointed and that
the station be wound up after Examiner Michael McAteer told the
court that several efforts to obtain investment funding had
failed, The Kerryman relates.

In a report provided to the court by counsel Kelly Smith Mr.
McAteer, as cited by The Kerryman, said that despite cost-cutting
measures the lack of new investment meant the company had no
reasonable prospect of survival as a going concern.

Irish TV had entered examinership after its main stakeholder --
UK minicab mogul John Griffin -- withdrew his support in late
October, The Kerryman relays.

Mr. Griffin's decision followed four years of losses at Irish TV,
which told the courts it had net liabilities of EUR8.7 million,
The Kerryman notes.

On Dec. 20, Ms Justice Costello made orders ending the court's
protection, discharging the examiner and winding up Irish TV and
its holding company Eochair Media Holdings Ltd., The Kerryman
discloses.

Mr. McAteer has now been appointed as liquidator of both
companies, according to The Kerryman.



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


ALGECO SCOTSMAN: S&P Lowers Rating on Sr. Secured Notes to 'CCC'
----------------------------------------------------------------
S&P Global Ratings said that it has reviewed its recovery and
issue-level ratings on Algeco Scotsman Global S.a.r.l. that were
labeled as "under criteria observation" (UCO) after publishing
its revised recovery ratings criteria on Dec. 7, 2016.  With
S&P's criteria review complete, it is removing the UCO
designation from these ratings.

"We are lowering our issue-level rating on the company's senior
secured notes to 'CCC' from 'CCC+'.  We are also revising our
recovery rating to '5' from '4', indicating our expectation of
modest (10%-30%; upper half of the range) recovery in the event
of default.  We are affirming the 'CCC-' rating on the senior
unsecured notes, with a '6' recovery rating, indicating our
expectation of negligible (0%-10%) recovery in the event of
default," S&P noted.

These rating actions stem solely from the application of S&P's
revised recovery criteria and do not reflect any change in its
assessment of S&P's corporate credit rating on Algeco.

RATINGS LIST

Algeco Scotsman Global S.a.r.l.
Corporate Credit Rating                CCC+/Watch Neg/--

Issue Ratings Lowered; Recovery Ratings Revised Due To Revised
Recovery Rating
Criteria For Speculative-Grade Corporate Issuers
                                        To                 From
Algeco Scotsman Global S.a.r.l.
Senior Secured Notes            CCC/Watch Neg     CCC+/Watch Neg
  Recovery Rating                       5H                 4L

Issue Ratings Affirmed; Recovery Ratings Unchanged Due To Revised
Recovery
Rating Criteria For Speculative-Grade Corporate Issuers

Algeco Scotsman Global S.a.r.l.

Senior Unsecured                CCC-/Watch Neg    CCC-/Watch Neg
  Recovery Rating                       6                  6


ALITALIA SPA: Obtains Two-Month Reprieve From Creditors
-------------------------------------------------------
Jillian Ambrose at The Telegraph reports that loss-making Italian
airline Alitalia has secured a two-month reprieve from its
creditors in a last ditch bid to agree a rescue plan to stem
losses and bring in fresh financing.

According to The Telegraph, Alitalia's creditors, including
Unicredit and Intesa Sanpaolo, handed the carrier a short-term
financing deal on the condition that it agrees an overhaul plan
with its stakeholders within 60 days.

The troubled airline, which reported a net loss of EUR199 million
(GBP169 million) last year, has denied reports that it will slash
2,000 jobs as part of its new industrial plan, but admitted it
would reduce the workforce to "the right size, right shape" for
the business, The Telegraph relates.

Alitalia, The Telegraph says, is expected to face opposition from
unions over the planned staffing changes.

Last summer, two separate strikes over longer working hours
forced the carrier to ground 150 planes at an estimated cost of
half a million euros a day, The Telegraph recounts.

                         About Alitalia

Alitalia-Compagnia Aerea Italiana has navigated its way through
a successful restructuring.  After filing for bankruptcy
protection in 2008, Alitalia found additional investors, acquired
rival airline Air One, and re-emerged as Italy's leading airline
in early 2009.  Operating a fleet of about 150 aircraft, the
airline now serves more than 75 national and international
destinations from hubs in Fiumicino (Rome), Milan, Turin, Venice,
Naples, and Catania.  Alitalia extends its network as a member of
the SkyTeam code-sharing and marketing alliance, which also
includes Air France, Delta Air Lines, and KLM.  An Italian
investor group owns a majority of the company, while Air France-
KLM owns 25%.


BANCA POPOLARE DI MILANO: Egan-Jones Cuts Unsec. Rating to BB
-------------------------------------------------------------
Egan-Jones Ratings Company, on Nov 28, 2016, lowered the senior
unsecured credit rating on debt issued by Banca Popolare di
Milano Scarl to BB from BB+.

Banca Popolare di Milano Scarl (BPM) attracts deposits and offers
commercial banking services. The Bank offers brokerage, trust,
lease financing, asset management, private banking, and factoring
services, manages mutual funds, and offers insurance services.
BPM serves its customers through a branch network located
primarily in Italy, London, and New York.


CREDITO VALTELLINESE: Egan-Jones Cuts Commercial Rating to B
------------------------------------------------------------
Egan-Jones Ratings Company, on Nov. 28, 2016, lowered the rating
on commercial paper issued by Credito Valtellinese SC to B from
A3.

Credito Valtellinese Scarl is a regional bank with a branch
network in northern Italy. The Bank owns lender Credito
Artigiano, which has a separate branch network.


MONTE DEI PASCHI: Egan-Jones Cuts Sr. Unsec. Debt Ratings to CCC+
-----------------------------------------------------------------
Egan-Jones Ratings Company, on Nov. 28, 2016, downgraded the
senior unsecured ratings on debt issued by Banca Monte dei Paschi
di Siena SpA to CCC+ from B-.

Banca Monte dei Paschi di Siena S.p.A. is the oldest surviving
bank in the world and the third largest Italian commercial and
retail bank by total assets, according to research from Ricerche
e Studi, using 2014 data.



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K A Z A K H S T A N
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MANGISTAU ELECTRICITY: Fitch Affirms 'BB' IDR, Outlook Negative
---------------------------------------------------------------
Fitch Ratings has affirmed Kazakhstan-based Mangistau Electricity
Distribution Network Company JSC's (MEDNC) Long-Term Issuer
Default Rating (IDR) at 'BB' with a Negative Outlook.

The Negative Outlook reflects Fitch's expectations of weakening
ties between MEDNC and its ultimate parent, Kazakhstan
(BBB/Stable) as a result of the planned sale of the full 75%
stake owned by state-controlled JSC Samruk-Energy (BB+/Stable) in
MEDNC over the medium term. Weakening links with the state and
the absence of explicit parental support would result in Fitch
adopting a bottom-up rating approach, compared with the current
top-down application.

KEY RATING DRIVERS

Expected Privatisation
Samruk-Energy does not view MEDNC as strategic and is likely to
sell its stake in MEDNC over the medium-term. The likely bidder
is LLP Kazakhstan Utility Systems (BB-/Stable), which acquired
6.2% of MEDNC in January 2016 and announced its intention to
increase its share to a controlling interest. Once privatisation
takes place Fitch may change Fitch rating approach to reflect
MEDNC's standalone profile if no explicit support is forthcoming
from the new owner.

MEDNC's ratings are currently notched down from Kazakhstan's by
three notches, reflecting the moderate strength of the links and
lack of commitment by the state to provide financial support to
the company.

Capex to Drive Negative FCF
Fitch expects the company's free cash flow (FCF) to remain
significantly negative over the rating horizon of 2016-2020, due
to a substantial capex programme approved by the government of
KZT27.5bn for 2016-2020. However, the company will shift the
KZT6.3bn capex scheduled for 2016-2017 to later years. Thus the
company's leveraging is expected to be slower and more gradual
than Fitch had previously expected.

Fitch expects funds flow from operations (FFO) gross adjusted
leverage to increase to 4x by end-2016 and on average 4.7x in
2017-2020, from 2.8x in 2015.

Capex will be spent on the construction of two new electricity
distribution grids Aktau-Karazhanbas and Aktau-Uzen for KZT12.1bn
and the reconstruction of existing distribution lines and
substations. Fitch believes MEDNC's new grids construction
project could face high execution risk as well as volume risk,
which may or may not be fully reflected in tariffs. The company
plans to finance the investment programme mostly with borrowed
funds and expects to issue KZT19.6bn of domestic bonds in 2017-
2020.

Weak Standalone Profile
Fitch continues to assess the company's standalone profile as
commensurate with the mid-'B' rating category, which reflects its
small size, industry and customer concentration, negative FCF
expectation and weakening credit metrics. However, it also
positively reflects the current supportive tariff regime and
sound-quality counterparties, and capex flexibility.

Long-term Favorable Tariffs
In November 2015 tariffs were approved for 2016-2020 for MEDNC
and its legal entities. Tariff growth is assumed at a healthy 15%
in 2016 and substantially slower at 1.9%-4.9% over 2017-2020.
Long-term tariffs add visibility to the company's cash flows, but
below-inflation tariff growth is a drag on the company's credit
profile.

MEDNC's tariffs are approved by Kazakhstan's Agency on Regulating
Natural Monopolies and Competition Protection in conjunction with
the company's capex programme. Tariffs are differentiated by type
of client -- legal entities, households and public institutions.
Legal entities accounted for 86% of MEDNC's transmission volumes
in 2015.

Near-Monopoly Position
MEDNC's credit profile is supported by the company's near-
monopoly position in electricity transmission and distribution in
the Region of Mangistau, one of Kazakhstan's strategic oil- and
gas-producing regions. It is also underpinned by prospects for
economic development and expansion in the region, in relation to
both oil and gas and transportation, and by favourable long-term
tariffs.

Small Scale, Concentrated Customer Base
The business profile is constrained by MEDNC's small scale of
operations limiting the company's cash flow generation capacity,
a high exposure to a single industry (oil and gas) and, within
that, high customer concentration (the top four customers
represented 62% of revenue in 1H16). The latter is somewhat
mitigated by the state ownership of some customers, and by
prepayment terms under transmission and distribution agreements.

DERIVATION SUMMARY

MEDNC is a small electricity distribution company in western
Kazakhstan. Its closest peers are MOESK (BB+/Stable), the
principal electricity distribution company in Moscow and the
wider Moscow region. Other peers are KEGOC (BBB-/Stable) and
FedGrid (BBB-/Stable), electricity transmission companies with
operations across Kazakhstan and Russia, respectively.

MEDNC has a much smaller scale of operations than its peers and
has the weakest standalone credit profile. MEDNC and its peers
are subject to regulatory uncertainties stemming from
macroeconomic shocks and to possible political interference.
Their investment programmes are usually sizeable. MEDNC, KEGOC
and MOESK are also subject to volume risk, while FedGrid's
exposure to volume risk is limited since its tariffs are based
on, among other factors, customers' declared electricity capacity
needs and not on actual electricity consumption.

MEDNC and KEGOC are rated top-down, while FedGrid and MOESK are
rated based on a standalone basis plus uplift for state support.

KEY ASSUMPTIONS

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

-- Domestic GDP growth of 0.6% in 2016 and 2%-3% in 2017-2020
    and inflation of 15.2% in 2016 and 5-8% over 2017-2020

-- Electricity distribution volumes increase in line with GDP

-- Electricity distribution tariff growth as approved by the
    regulator

-- Cost inflation slightly below expected CPI to reflect the
    company's cost control efforts

-- Capex in line with government-approved level

-- Dividend payments of 15% of IFRS net income over 2016-2020.

RATING SENSITIVITIES

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

-- Stronger links with the ultimate parent.
-- Enhancement of the business profile, such as diversification
    and scale with only modest increase in leverage, which would
    be positive for the standalone profile.

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

-- Negative rating action on Kazakhstan's ratings.
-- Weakening links with the ultimate parent - the state,
    including but not limited to a reduction of Samruk-Energy's
    stake in MEDNC to less than 50%, or an elevated dividend
    payout, insufficient tariffs and increased capex contributing
    to weaker credit metrics such that FFO gross adjusted
    leverage remains above 5.0x on a sustained basis.

For the sovereign rating of Kazakhstan Fitch outlined the
following sensitivities in its rating action commentary of
October 28, 2016:

The following risk factors individually, or collectively, could
trigger negative rating action:

-- Policy mismanagement or prolonged low oil prices leading to a
    further weakening in the sovereign external balance sheet.

-- Materialisation of significant contingent liabilities from
    the banking sector on the sovereign balance sheet.

The following factors, individually or collectively, could result
in positive rating action:

- A sustained recovery in external and fiscal buffers.
   Steps to reduce the vulnerability of the public finances to
   future oil price shocks, for example, by shrinking the non-oil
   deficit.

- A sustained recovery in the economy supported by substantial
   improvements in the business climate and governance and
   greater diversification.

LIQUIDITY AND DEBT STRUCTURE
Manageable Liquidity
At end-9M16, MEDNC's cash balance of KZT601m was sufficient to
cover short-term maturities of KZT259m. Cash balances are mostly
held in local currency with domestic banks.

At end-9M16, most of MEDNC's debt was represented by three
unsecured fixed-rate bonds of KZT1.7bn, KZT2.4bn and KZT3.3bn
maturing in 2023-2025. The rest of the debt is represented by
bank loans, including the recently drawn seven-year KZT2.9bn, out
of a KZT6.4bn uncommitted credit line from Bank Centercredit
(B/Stable), at 17%. The company plans to finance cash shortfalls
with additional borrowing from local bond issues and bank loans.
In 2017 MEDNC also plans to refinance the KZT2.9bn loan with
local bonds at a lower rate.

FX Exposure
MEDNC is exposed to FX risk as about 40% of the company's
KZT8.4bn debt represents local bonds which were linked to the
KZT/USD exchange rate and placed in September 2015. The base rate
is 250 KZT/USD and if tenge devalues, the principal increases
proportionately. Thus as of 30 September 2016 when the exchange
rate was 335KZT/USD, the principal value of this bond issue
increased to KZT3.3bn from KZT2.5bn.

FULL LIST OF RATING ACTIONS

Long-Term Foreign and Local Currency IDRs affirmed at 'BB',
Outlook Negative

National Long-Term Rating affirmed at 'A+(kaz)', Outlook Negative

Short-Term Foreign Currency IDR affirmed at 'B'

Foreign currency senior unsecured rating affirmed at 'BB'.

Local currency senior unsecured rating, including that on
KZT1.7bn, KZT2.4bn and KZT3.3bn bonds, affirmed at 'BB'.


TSESNABANK: Fitch Lowers Long-Term Issuer Default Rating to 'B'
---------------------------------------------------------------
Fitch Ratings has downgraded the Long-Term Issuer Default Ratings
(IDRs) of Tsesnabank to 'B' from 'B+' and affirmed the Long-Term
IDRs of Kazkommertsbank), Halyk Bank of Kazakhstan (HB), ATF
Bank, Bank Centercredit, and Subsidiary Bank Sberbank of Russia
JSC. The Outlooks are Stable. Fitch has also affirmed one of HB's
domestic subsidiaries, JSC Halyk Finance (HF) with a Stable
Outlook and maintained its other, Altyn Bank JSC (AB), on Rating
Watch Positive (RWP). The banks' Long-Term IDRs are driven by
their Viability Ratings (VRs), except SBK whose Long-Term IDRs
reflect Fitch's view of potential support from its parent,
Sberbank of Russia (SBR; BBB-/Stable).

KEY RATING DRIVERS - IDRS, VRS, NATIONAL RATINGS
HALYK BANK OF KAZAKHSTAN
The affirmation of HB's Long-Term IDRs at 'BB' and VR at 'bb'
reflects its strong franchise, solid profitability and
capitalisation. The bank's liquidity cushion is large and
refinancing risks are limited, in Fitch's view. At the same time,
the elevated levels of HB's problem and potentially problematic
loans as well as the broader scope of risks inherent in
Kazakhstan's operating environment still constrain HB's ratings.

Fitch's view of HB's sizeable, albeit stable, problem exposures
is based on the bank's non-performing loans (NPLs; loans overdue
by more than 90 days) and non-overdue loans which were
restructured as otherwise they would have defaulted, comprising
11% and 6% of gross loans, respectively, at end-3Q16. These were
only slightly changed from 10% and 8% at end-2015, while coverage
of these loans by impairment reserves remained a reasonable 71%
at end-3Q16.

Additional asset quality risks stem, in Fitch's opinion, from
HB's significant lightly reserved foreign currency loans, at 25%
of gross loans at end-3Q16. These were not classified in either
of the problem categories but a material part was provided to
borrowers without foreign currency revenues before the last
year's devaluation of the tenge.

At the same time, HB retains the strongest loss absorption
capacity among large Kazakh banks due to its solid pre-impairment
profitability and a large buffer of core capital. The bank's
annualised pre-impairment profit, at 7% of average loans in 9M16,
was supported by its low funding costs and decent fee income
streams. The ratio of HB's Fitch Core Capital (FCC) to FCC-
adjusted risk-weighted assets was 19% at end-3Q16, up from 18% at
end-2015, supported by HB's limited loan growth and its return on
average equity at a high 23%.

HB's liquidity is also the strongest among the peers given its
liquid assets of 35% of liabilities at end-3Q16 compared with the
Eurobond repayments in 2017 of only USD0.6bn or 5% of
liabilities.

KAZKOMMERTSBANK

The affirmation of KKB's 'CCC' Long-term IDR and 'ccc' VR
reflects Fitch's view of the bank's significant distressed assets
and modest loss absorption capacity. Positively, KKB's ratings
factor in its recent track record of foreign debt repayments in a
relatively stressful environment, and its sufficient liquidity
relative to the Eurobond payments forthcoming in 2017.

Fitch's view of the weak asset quality is driven by KKB's large
loan exposure to BTA, its former subsidiary currently operating
as a distressed asset manager, equalling half of KKB's loans or
6x FCC at end-1H16. Fitch expects only modest cash recoveries
from this portfolio in the foreseeable future despite the
exposure being reported as performing.

KKB's NPLs comprised 10% of gross loans at end-3Q16, or 25% of
non-BTA loans, and were fully covered by impairment reserves.
Nevertheless, a further 10% of gross loans represented potential
risks for the bank as these were foreign currency loans mostly
provided to unhedged borrowers.

The bank remains structurally loss-making adjusting for
uncollected accrued interest income (60% of accrued interest in
1H16) and other low-quality items, and Fitch does not expect this
to reverse quickly as a result of new lending. KKB reported net
interest income and pre-impairment profits of 4% and 3% of
average earning assets, respectively, in 1H16. However, excluding
uncollected loan interest, fair-value and currency gains, these
results were negative, at 0.2% and 1.2%, respectively. With the
same adjustments KKB's reported net income (ROAE of 23%) would
have been a loss of 26% of average equity despite the low loan
loss provisions on the BTA exposure.

The FCC ratio was a modest 8.5% at end-1H16, relative to
potentially high provisioning requirements on impaired and
potentially problematic foreign currency loans and loss-making
core performance. KKB's regulatory 9.3% core Tier 1 and 10.0%
Tier 1 ratios at end-October 2016 were slightly below the 9.5%
and 10.5% minimum regulatory capital ratios, including buffers,
expected to come into effect in 2017. However, Fitch expects KKB
to meet the requirements by end-2016 provided that its
provisioning policies and the de-facto regulatory forbearance
remain unchanged.

Fitch views positively the bank's extensive track record of
repayments on senior and subordinated Eurobonds, including
USD0.2bn subordinated notes and USD0.4bn senior Eurobonds during
2016. The November paydown reduced KKB's liquidity but Fitch
believes it remains adequate relative to 2017's Eurobond
repayments. KKB's high funding concentration and instability of
one of its largest depositors are moderately negative.

TSESNABANK

The downgrades of TSB's Long-Term IDRs to 'B' from 'B+' and its
VR to 'b' from 'b+' are driven by Fitch's view of the bank's
deteriorating asset quality and profitability while its
capitalisation remains only moderate. Positively, TSB's ratings
consider its recently improved liquidity and the record of it
accessing financing from quasi-state sources and state-controlled
companies.

TSB's NPLs and restructured loans at 6% of gross loans and 6%,
respectively, at end-3Q16 remained largely unchanged from end-
2015. However, higher asset quality risks stem from TSB's large
volume of foreign-currency loans reported as non-impaired (61% of
gross loans at end-3Q16) of which about a third (mostly related
to early-stage real estate) appears to have not fully serviced
principal or interest in 9M16, suggesting these might have turned
impaired.

TSB's annualised pre-impairment profit weakened to 3% of average
loans in 9M16 from 4% in 2015. Adjusting for uncollected accrued
interest, fair-value and currency gains, it fell to a loss of 1%
from 1.4%. Despite being supported by lower provisions, at 1% of
average loans in 9M16 and 2% in 2015 the bank's ROAE dropped to
8% from 16% due to lower currency gains. Fitch estimates that,
excluding the low-quality income items, TSB would potentially
have net losses of 12% in 9M16 and 7% in 2015.

Capitalisation also provides only modest loss absorption capacity
relative to potentially high provisioning requirements. TSB's FCC
ratio slightly improved, to 8.8% at end-3Q16 from 6.8% at end-
2015, as a result of an additional share capital injection and
low loan growth.

TSB's liquidity profile improved due to recently strong local
currency funding inflows as liquid assets grew to 22% of
liabilities at end-3Q16 from 13% at end-2015. This was further
supported by a stable share of long-term liabilities, at around
two-thirds of total liabilities at end-3Q16.

BANK CENTERCREDIT

The affirmation of BCC's Long-Term IDRs at 'B' and VR at 'b'
reflects the bank's still significant problem loans, modest
capitalisation, and moderate performance. The ratings benefit to
a degree from BCC's lower than peers' foreign currency lending
(mostly already recognised as impaired), stable and improving
domestic deposits base and its improved liquidity position.

BCC's NPLs reduced to 13% of gross loans at end-3Q16 from 17% at
end-2015 due to loan write-offs as well as transfers to an SPV
(4% of gross loans at end-3Q16) and restructured loans remained
12%. NPLs and restructured loans were only moderately provisioned
by 44% at end-3Q16 meaning continued impairment charges are
probable. Lower foreign-currency lending, at 22% of gross loans
at end-3Q16, half of which was already recognised as impaired,
make BCC's potential additional asset-quality risks more limited
compared with its 'B' category peers.

Fitch views the FCC ratio of 7.3% and regulatory core Tier 1
ratio of 7.7% at end-3Q16 as modest relative to potential further
provisioning requirements of BCC's NPLs and restructured loans
(1.6x FCC net of total impairment reserves) and non-impaired
foreign-currency loans at 1.4x FCC. Hybrid and subordinated debt,
equalling a sizeable 7% of risk-weighted assets, could serve as
an extra buffer in case of failure.

BCC's net interest income fell to 2% in 9M16 from 4% in 2015 due
to higher funding costs. Pre-impairment profit weakened to 2% of
average loans from 4%. Excluding uncollected accrued interest,
fair value and currency gains, it fell to a modest 1% from 3%.
The pre-impairment profit was almost fully consumed by loan loss
provisions as the reported ROAE remained at a modest 4% in 9M16
after 3% in 2015.

Liquidity remains comfortable with liquid assets covering a high
27% of liabilities at end-3Q16. As a result of BCC's repayment of
NBK's funding recently its non-deposit funding sources fell to
insignificant levels.

ATF BANK
The affirmation of ATF's Long-Term IDRs at 'B-' and VR at 'b-'
reflects the bank's persistently weak asset quality, low
capitalisation and only modest core profitability. Fitch believes
ATF is also exposed to relatively high liquidity risks
considering the possible deposit outflows, partially mitigated by
its currently large liquidity cushion.

NPLs remained largely unchanged, at a high 22% of gross loans at
end-9M16, while restructured loans decreased slightly, to 17%
from 23%, due to property foreclosures and loan write offs. Loan
impairment reserves covered NPLs and restructured exposures by a
moderate 41% at end-3Q16, mostly relating to a large part of
fully provisioned legacy NPLs. In addition, about one-third of
gross loans at end-3Q16 were in foreign currencies. Although
reported as non-impaired, Fitch believes most of these loans
represent a source of high impairment risk for the bank.

The FCC ratio slightly improved, to a moderate 9.8% at end-9M16
from 7.4% at end-2015, due to limited new lending. However, Fitch
still views capitalisation as weak given the high downside risks
in unreserved problem loans (2.0x FCC at end-3Q16), non-impaired
foreign-currency loans (1.1x FCC), as well as potentially high
valuation risks relating to ATF's foreclosed property (1.2x FCC).
Subordinated debts at 10% of risk-weighted assets at end-3Q16
provide a moderate loss absorption cushion for senior creditors
in case of failure.

Pre-impairment profit remained stable, at an annualised 3% of
average earning assets in 9M16. Excluding the uncollected accrued
interest, fair value and currency gains, it fell to a slim 0.7%
from 2% in 2015. ROAE remained at a low 6% as most of the pre-
impairment profits was utilised for creating reserves.

Liquid assets built up to a high 37% of liabilities at end-3Q16
from slightly over 20% at end-2015 despite USD0.3bn Eurobond
repayment during 2016 with no senior or dated subordinated
outstanding Eurobonds currently remaining. However, Fitch
believes deposits of ATF's largest depositor, 18% of liabilities
at end-3Q16, could be highly unstable representing significant
risks for the bank.

SB SBERBANK OF RUSSIA
The affirmation of SBK's 'BB+' Long-term IDRs and '3' Support
Rating reflects Fitch's view of the moderate probability of
potential support from the parent bank based on the strategic
importance of the CIS region for SBR and the small size of SBK
relative to its parent.

The affirmation of SBK's VR reflects Fitch's view that its credit
profile is still consistent with the 'b+' level, mainly thanks to
the ordinary benefits of support from SBR as well as still decent
core profitability and comfortable liquidity, despite the recent
continued weakening of asset quality and capitalisation.

SBK's NPLs continued increasing, to 11.5% of gross loans at end-
3Q16 from 8% at end-3Q15, while restructured loans surged to 37%
from 27%. Loan impairment reserves improved only slightly to 9%
from 7% of gross loans for the period. SBK plans to raise
reserves significantly in 2017, but Fitch understands that this
might not be sufficient as additional non-impaired foreign-
currency loans, equalling 14% of gross loans at end-3Q16, could
add to the bank's problem exposures.

SBK's performance remains solid as IFRS pre-impairment profit
improved to an 6% of average loans in 9M16 from 5% in 2015 (4%
from 3%, respectively, if uncollected interest earnings, fair-
value and currency gains were excluded) as annualised operating
expenses fell by 20%. ROAE also slightly improved to 6% in 9M16
from 2% in 2015 due to moderate loan loss provisions.

The FCC ratio slightly improved, to 11.8% at end-3Q16 from 9.3%
at end-2015, due to limited new lending but remain weak compared
with potentially high provisioning requirements for unreserved
impaired loans (1.8x FCC) and potentially problematic foreign
currency loans (0.6x FCC).

Liquid assets coverage of liabilities of 35% at end-3Q16 has
remained stable in recent months despite significant outflows of
non-retail deposits. An unutilised credit line available from the
parent of 18% of SBK's liabilities at end-3Q16 would make
unexpected funding outflows more manageable for SBK.

HB'S SUBSIDIARIES

ALTYN BANK
The RWP on AB's 'BB' IDRs and 'A+(kaz) 'National Long-Term rating
reflects the upside potential for these ratings from an
acquisition of a 60% equity stake in the bank by China Citic Bank
(CCB; BBB/Stable) in 2017. Fitch also expects that AB would be
supported, if needed, by HB, which currently owns 100% of AB's
ordinary shares. HB signed a memorandum of understanding with CCB
in November 2016.

Fitch has not assigned AB a Viability Rating given the evolving
business model following AB's acquisition by HB in 2014 and
potential further transformations after the change of its
controlling shareholder.

HALYK FINANCE
HF's 'BB' Long-term IDRs are aligned with the ratings of its
parent as Fitch considers HF a core subsidiary of HB. This
opinion is based on HF's prominent market positions in investment
banking and brokerage services to domestic clients and
significant potential reputational risks for HB should its
subsidiary default on obligations. HF's moderate size at 1% of
HB's total assets at end-3Q16, and its healthy balance sheet make
it relatively easy to support.

DEBT RATINGS
Senior unsecured debt ratings are aligned with Long-Term IDRs
based on average recovery expectations. Recoveries for senior
creditors of defaulted Kazakh banks (typically in the 30%-50%
range) have depended on the extent to which the authorities
supported banks' restructurings with capital injections, and so
were essentially the outcome of political decisions.

Dated subordinated debt ratings are notched down by one level
from the banks' Long-Term IDRs. The perpetual debt ratings of
KKB, BCC and ATF are rated two notches lower, reflecting greater
non-performance risk and more limited recovery expectations.
Kazakh banks' subordinated issues do not currently envisage any
formal loss absorption triggers, but in Fitch's view would be
likely to absorb losses if in the regulator's view the bank had
ceased to be viable.

SUPPORT RATINGS (SR) AND SUPPORT RATING FLOORS (SRFS)
Fitch's baseline SRF for domestic systemically important banks at
'B-' reflects the agency's view that large-scale capital support
would be unlikely to be forthcoming for any Kazakh commercial
banks, given the history of defaults by systemic banks and other
institutions. Nevertheless, Fitch expects most banks in
Kazakhstan to continue benefiting from liquidity and other
financial assistance provided by the state and quasi-state
sources.

HB's SRF of 'B' and SR of '4' reflects its exceptionally high
systemic importance, based on its large 17% deposit market share
and by far the largest regional branch network, which in addition
to its solid political connections make moderate state support
possible.

KKB's 'No Floor' SRF is based on Fitch's expectations that
support from the Kazakh authorities in the amount sufficient to
address the bank's large asset quality and capitalisation
problems without senior creditors facing losses remains
unreliable.

SRFs of 'No Floor' and SRs at '5' of TSB, ATF and BCC reflect
these bank's moderate market shares, from 6% to 9% of system
deposits at end-3Q16 and, therefore, these banks' non-systemic
status.

RATING SENSITIVITIES

IDRS, NATIONAL RATINGS AND SENIOR DEBT
The VR-driven Long-Term IDRs would mainly be sensitive to changes
in the banks' asset quality and capitalisation parameters.
Significant liquidity deterioration and weakening of core
profitability would be negative.

The Long-Term IDRs of SBK and HF would likely change in tandem
with the ratings of their respective parents. AB's ratings could
be upgraded upon its acquisition by CCB which may take more than
six months to complete.

Debt ratings would change with their respective anchor ratings.]

The rating actions are as follows:
HB
Long-Term Foreign and Local Currency IDRs: affirmed at 'BB';
Outlook Stable
Short-Term Foreign and Local Currency IDRs: affirmed at 'B'
Viability Rating: affirmed at 'bb'
Support Rating: affirmed at '4'
Support Rating Floor: affirmed at 'B'
Senior unsecured debt: affirmed at 'BB'

KKB
Long-Term Foreign and Local Currency IDRs: affirmed at 'CCC'
Short-Term Foreign and Local Currency IDRs: affirmed at 'C'
Viability Rating: affirmed at 'ccc'
Support Rating: affirmed at '5'
Support Rating Floor: affirmed at 'No Floor'
Senior unsecured debt long-term rating: affirmed at 'CCC';
Recovery Rating at 'RR4'
Senior unsecured debt short-term rating: affirmed at 'C'
Dated subordinated debt: affirmed at 'CC'; Recovery Rating at
'RR5'
Perpetual debt: affirmed at 'C'; Recovery Rating at 'RR6'

TSB
Long-Term Foreign and Local Currency IDRs: downgraded to 'B' from
'B+'; Outlook Stable
Short-Term Foreign and Local Currency IDRs: affirmed at 'B'
National Long-Term rating: downgraded to 'BB+(kaz)' from 'BBB-
(kaz)'; Outlook Stable
Viability Rating: downgraded to 'b' from 'b+'
Support Rating: affirmed at '5'
Support Rating Floor: affirmed at 'No Floor'
Senior unsecured debt: downgraded to 'B' from 'B+'; Recovery
Rating at 'RR4'
Subordinated debt: downgraded to 'B-' from 'B'; Recovery Rating
at 'RR5'

ATF
Long-Term Foreign and Local Currency IDRs: affirmed at 'B-';
Outlook Stable
Short-Term IDR: affirmed at 'B'
National Long-Term rating: affirmed at 'BB-(kaz)'; Outlook Stable
Viability Rating: affirmed at 'b-'
Support Rating: affirmed at '5'
Support Rating Floor: affirmed at 'No Floor'
Senior unsecured debt: affirmed at 'B-'/'BB-(kaz)'; Recovery
Rating at 'RR4'
Dated subordinated debt: affirmed at 'CCC'; Recovery Rating at
'RR5'
Perpetual debt: affirmed at 'CC'; Recovery Rating at 'RR6'

SBK
Long-Term Foreign and Local Currency IDRs: affirmed at 'BB+';
Outlook Stable
Short-Term IDR: affirmed at 'B'
National Long-Term rating: affirmed at 'AA-(kaz)'; Outlook Stable
Viability Rating: affirmed at 'b+'
Support Rating: affirmed at '3'
Senior unsecured debt: affirmed at 'BB+'/'AA-(kaz)'
Subordinated debt: affirmed at 'BB'/'A+(kaz)'

BCC
Long-Term Foreign and Local Currency IDRs: affirmed at 'B';
Outlook Stable
Short-Term IDR: affirmed at 'B'
National Long-Term rating: affirmed at 'BB+(kaz)'; Outlook Stable
Viability Rating: affirmed at 'b'
Support Rating: affirmed at '5'
Support Rating Floor: affirmed at 'No Floor'
Senior unsecured debt: affirmed at 'B'/'BB+(kaz)'; Recovery
Rating at 'RR4'
Dated subordinated debt: affirmed at 'B-'/'BB-(kaz)'; Recovery
Rating at 'RR5'
Perpetual debt rating: affirmed at 'CCC'; Recovery Rating at
'RR6'

AB
Long-Term Foreign and Local Currency IDRs: 'BB'; maintained on
RWP
Short-Term IDR: 'B'; maintained on RWP
National Long-Term Rating: 'A+(kaz)'; maintained on RWP
Support Rating: '3'; maintained on RWP

HF
Long-Term Foreign and Local Currency IDRs: affirmed at 'BB';
Outlook Stable
Short-Term Foreign and Local Currency IDRs: affirmed at 'B'
Support Rating: affirmed at '3'



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


ATENTO LUXCO 1: Fitch Affirms 'BB' LT FC Issuer Default Rating
--------------------------------------------------------------
Fitch Ratings has affirmed the Long-Term Foreign-Currency Issuer
Default Rating (IDR) for Atento Luxco 1 S.A. at 'BB' with a
Stable Outlook. Fitch has also affirmed Atento's USD300 million
senior secured notes at 'BB' and Atento Brasil S.A.'s (Atento
Brasil) National long-term rating at 'AA-(bra)' with a Stable
Outlook.

KEY RATING DRIVERS

Ratings reflect Atento's scale as the third-largest player in the
global customer relation management (CRM) industry, with a well-
established long-term client relationship and geographical
diversification. This enables the company to support EBITDAR
margins at adequate levels and modest positive FCF generation
over the medium term. However, ratings are tempered by intense
competition amid sluggish economic conditions, and high customer
concentration risk.

Positive FCF
Fitch expects Atento to report positive FCF over the next three
years in the range of USD50 million to USD100 million. As of the
LTM ended Sept. 30, 2016, Atento's FFO reached USD65 million,
which combined with a working capital inflow of USD33 million,
led to a positive CFFO of USD98 million. LTM CFFO was enough to
cover capex of USD92 million, resulting in positive FCF of USD6
million. This is an improvement compared to the negative FCF of
USD59 million registered in 2015. Over the next few years, Fitch
forecasts CFFOs of USD130 million to USD170 million covering
capex of USD70 million to USD100 million. Assuming no material
acquisition, Fitch sees room for potential dividends as of 2018
without sacrificing FCF.

High Customer Concentration
Fitch considers client concentration as the main risk for Atento.
The company generates approximately 43% of total revenues from
Telefonica Group (Telefonica S.A.; BBB/Stable) and 76.5% from its
10 largest clients. Positively, Fitch believes that this risk is
partially alleviated by the Master Service Agreement (MSA) with
Telefonica, which guarantees an inflation-adjusted revenue
threshold until 2021 (2023 in Brazil and Spain) amid the ongoing
expansion of non-Telefonica clients. In addition, the company can
boast of well-established long-term relationship with its
clients, as it generates close to 90% of its total revenue from
clients who have contracted Atento for more than five years.

Recently, Atento renegotiated the terms of the MSA due to the
macroeconomic deceleration and volume reduction observed in
Brazil and in Spain. The agreement in these two countries was
extended until 2023, from 2021. A USD24 million debt with
Telefonica in Argentina was also eliminated. Telefonica is in the
process of reducing days of payment outstanding that will improve
company's capital cycle, and also signed a large contract that
guarantees Atento's share of wallet in Brazil. Although from a
net present value (NPV) perspective, the reset of the MSA is
neutral-to-positive for Atento, the renegotiation means annual
volumes in Brazil and Spain are falling short of expectations,
leading to less revenue and EBITDA.

Decreasing Leverage
Fitch forecasts Atento's net adjusted leverage to remain below
3.0x over the medium term driven mainly by the gradual recovery
in EBITDA and modest positive FCF. The downward trend in rental
expenses is positive, leading to a lower level of off-balance-
sheet debt. Fitch forecasts the rental expense to represent less
than 5% of the company's total sales, which compares to 7.9%
during 2010, mainly driven by company's relocation of its
workstations to more attractive areas. At the end of the third
quarter 2016 (3Q16), total adjusted debt was USD982 million, with
USD436 million related to rental expenses. As of the LTM ended
Sept. 30, 2016, Atento's net leverage was 2.0x (3.3x adjusted by
lease-equivalent debt), which compares unfavorably to 1.5x (2.9x
adjusted) at 2015 year-end.

Better Margins as of 2017
Fitch anticipates EBITDAR margins recovering to approximately 15%
in 2017 and 2018, after the adverse macroeconomic conditions seen
in Brazil and Spain in 2016. As for 2016, the agency forecasts
EBITDAR margins of 13.8%. Including adjustments for installed
capacity, financial discipline in bids, and continuing expansion
of value-added services, Atento is set to recover margins going
forward.

Strong Linkage with Atento Brasil
Atento Brasil's rating is directly linked to its parent's credit
profile due to its strategic and operational importance. The
Brazilian subsidiary is the most important unit of Atento,
contributing 43% of consolidated sales and 50% of the EBITDA as
of the LTM ended June 30, 2016. Atento Brasil is not part of the
group that guarantees the USD300 million senior secured notes and
its dividend distribution is somehow limited by its own
accumulated losses. Positively, this restriction will become less
relevant as Atento Brasil refinances its expensive debentures and
improves its credit profile. This will enable a better flow of
funds to the parent, strengthening the linkage between the two
companies even more.

KEY ASSUMPTIONS

Fitch's key assumptions for Atento Luxco's rating case include:

-- Revenue declining 10.4% in 2016, though recovering 2.5% in
    2017. The top line has been affected by the macroeconomic
    slowdown in Brazil and Spain in 2015 and 2016 combined with
    currency depreciation. As of 2017, with Brazil delivering
    positive GDP growth, no major currency depreciation expected
    and the ongoing expansion of value added services, Fitch
    expects a mild recovery of net revenues;

-- EBITDAR margins of 10% in 2016 and 10.9% in 2017;
-- Rental expenses at 3.8% of net sales;
-- Capex at 4% of revenues;
-- Dividends as of 2018 at a payout rate of 25%.

Fitch's key assumptions for Atento Brasil's rating case include:

-- Revenues declining 7.6% in 2016 and growing 2.0% in 2017 as a
    result of the ongoing adverse scenario in Brazil and a
    gradual price recovery next year;

-- EBITDA margins pressured at 10.3% in 2016 and 11% in 2017;

-- Capex of 2.5% and 3.0% of net sales in 2016 and 2017,
    respectively;

-- Dividends as of 2018 at 25% payout rate;

-- Additional BRL100 million debentures amortization in 4Q16.

RATING SENSITIVITIES

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

  -- Increase in net adjusted leverage above 3.5x on a sustained
     basis;

  -- Readily available cash plus CFFO-to-short-term debt ratio
     below 1.5x;

  -- Reduction in volumes leading to persistent single-digit
     EBITDA margins;

  -- Weakening of Telefonica's credit profile.

A positive rating action is unlikely in the short and medium
term. However, there are future developments that may,
individually or collectively, lead to a positive rating action,
such as:

-- Reduction of customer concentration, especially from
    Telefonica, without compromising revenues;

-- Increase in value-added solutions that reflect in better
    consolidated margins and higher switching costs.

LIQUIDITY

Fitch believes Atento will maintain a robust liquidity over the
next three years. In September 2016, the company's consolidated
readily available cash of USD178 million comfortably covered its
short-term debt of USD53 million 3.4x. With an undrawn credit
facility of EUR50 million, proven access to the debt and equity
markets as well as long maturity schedules, the agency believes
liquidity is not an issue for Atento in the foreseeable future.

FULL LIST OF RATING ACTIONS

Fitch has affirmed the following ratings:

Atento Luxco 1
  Long-Term Foreign-Currency IDRs at 'BB';
  USD300 million senior secured notes due 2020 at 'BB';

Atento Brasil S.A.
  National Scale Rating at 'AA-(bra)'.


BRAAS MONIER: Moody's Puts B1 CFR on Review for Upgrade
-------------------------------------------------------
Moody's Investors Service has placed on review for upgrade the B1
corporate family rating (CFR) and the B1-PD probability of
default rating (PDR) of Luxembourg-based roof tiles and roofing
components manufacturer Braas Monier Building Group S.A.
Concurrently, Moody's placed on review for upgrade the Ba3 rating
on the EUR200 million senior secured revolving credit facility
(RCF, maturing 2021), raised by Braas Monier Building Group
Holding S.a r.l. and other subsidiaries of the group, as well as
the Ba3 rating on the EUR435 million senior secured notes (due
2021) issued by BMBG Bond Finance S.C.A., a direct subsidiary of
the group.

RATINGS RATIONALE

"The review follows Braas Monier's announcement that its board of
directors supports an amended offer of Standard Industries Inc.
("Standard", Ba2 stable) to acquire all shares of Braas Monier
and that both companies have signed a mutual business combination
agreement on Sunday, 18 December", says Goetz Grossmann, Moody's
lead analyst for Braas Monier. "The review for upgrade recognises
that Braas Monier's credit profile will strengthen following its
integration into Standard, which will create a worldwide leading
supplier of roofing and waterproofing products for pitched and
flat roofs", added Mr. Grossmann.

The rating action reflects Moody's improved credit assessment of
Braas Monier following the takeover, by which it will become part
of a substantially larger and more diversified group with
combined total revenue in excess of USD5 billion. Moody's also
views the credit profile of the combined group to be stronger
than that of Braas Monier on a standalone basis, given that its
product offering and geographic reach will significantly widen
and credit metrics on a pro-forma and Moody's-adjusted basis
strengthen.

Moody's expects the transaction to be completed the first quarter
of 2017, once the acceptance periods have elapsed and all merger
approvals are obtained. In a statement on 18 December 2016, the
group said that its board of directors will recommend its
shareholders to accept the revised offer of Standard, which will
be increased by EUR0.27 to EUR25.27 per share from EUR25.
Moreover, Moody's notes that Standard has agreed to Braas
Monier's proposed issue of new shares via a 10% capital increase
by incorporation of reserves, and will withdraw its initiated
litigation against this step in a timely manner.

Upon completion of the transaction and conclusion of the review
process, Moody's expects to align Braas Monier's CFR with that of
Standard (Ba2 stable as of 20 December 2016).

WHAT COULD CHANGE THE RATING UP/DOWN

Braas Monier's ratings could be upgraded once the acquisition by
Standard has been successfully completed and Moody's would expect
its ratings to be aligned with Standard' standalone rating at
that time. In addition, upward pressure on the ratings would
evolve if the transaction were not to materialize and, at the
same time, Braas Monier's (1) Debt/EBITDA (Moody's-adjusted)
trended towards 4x, (2) EBIT/interest expense (Moody's-adjusted)
sustainably exceeded 2.0x, and (3) if a conservative financial
policy was maintained and free cash flow generation further
improved.

Moody's might downgrade Braas Monier if the proposed acquisition
were to fail and (1) Debt/EBITDA (Moody's-adjusted) moved
consistently above 5x (taking into consideration the impact of
volatile pension obligations), (2) EBIT/Interest expense
(Moody's-adjusted) fell well below 1.5x, or (3) Free cash flow
generation and liquidity were to deteriorate materially.

PRINCIPAL METHODOLOGY

The principal methodology used in these ratings was Building
Materials Industry published in September 2014.

Headquartered in Luxembourg, Braas Monier is a leading global
supplier of concrete and clay tiles and building materials for
pitched roofs with operations in 37 countries through 118
production plants as of December 2015. The group offers a wide
range of products including roof, chimney and energy systems.
Braas Monier mainly competes with Wienerberger AG (Ba2 stable),
Etex (unrated), Imerys S.A. (Baa2 stable) and Terreal (unrated).
The group reported consolidated revenues of around EUR1.2 billion
and operating EBITDA of about EUR196 million for the 12 months
ended September 30, 2016 and employed 7,911 people worldwide.


BSN MEDICAL: Moody's Puts B2 CFR on Review for Upgrade
------------------------------------------------------
Moody's Investors Service has placed the B2 Corporate Family
Rating ("CFR") and B2-PD probability of default rating ("PDR") of
BSN Medical Luxembourg Group Holding S.a.r.l. ("BSN") under
review for upgrade.

The rating action follows the announcement, on 19 December 2016,
that BSN has entered into an agreement to be acquired by SCA
Hygiene AB ("SCAH" - rated Baa1, negative).

Concurrently, the B1 ratings of the Senior Secured Term Loan B,
the Senior Secured Term Loan C, the Capex/Acquisition Facility
and the Revolving Credit Facility have also been placed under
review for upgrade.

RATINGS RATIONALE

The rating review was prompted by the announcement that BSN has
entered into an agreement to be acquired by SCAH. SCAH is to
acquire BSN in a transaction that values the company at EUR2.74
billion on a cash and debt free basis. Purchase consideration is
to be debt-financed in a process that is expected to repay
existing BSN debt. The transaction is subject to regulatory
approval and is expected to close in Q2 2017.

Moody's views the outlined transaction as positive for BSN. The
new parent's financial flexibility and geographic footprint are
expected to support significant growth opportunities and the
delivery of further manufacturing and administrative cost
savings, as well as cross selling opportunities.

Given that a successful conclusion to the acquisition would
trigger change of control provisions included within BSN's
existing financing arrangements and the expectation that its
Senior Secured Facilities will be repaid as part of the
transaction proposed, Moody's expects that it will withdraw BSN's
instrument ratings upon a successful closing of the acquisition.
However, should any indebtedness at the BSN Medical Luxembourg
Finance Holding S.a.r.l. level survive the transaction, which
Moody's does not anticipate, then an upgrade of several notches
could apply.

Moody's expects the review to be completed shortly after
completion of the transaction, which, as detailed, is expected to
be in Q2 2017, subject to customary regulatory approvals.

WHAT COULD CHANGE THE RATING UP/DOWN

Prior to placing the ratings on review, Moody's stated that
positive rating pressure would be considered if there were to be
a reduction in leverage to materially below 6.0x on a sustainable
basis, with FCF/Debt at around 5% or better. At the same time
Moody's stated that downward ratings pressure could develop if
there were increasing margin pressure and with Moody's adjusted
leverage not reducing to below 7.0x as planned. In addition,
Moody's stated that the instrument ratings for the Senior Secured
Facilities could be downgraded if the contractually subordinated
Second Lien Facilities were to be prepaid to below EUR155
million, or if there were to be further increases to the Senior
Secured Facilities.

The principal methodology used in these ratings was Global
Medical Product and Device Industry published in October 2012.

Headquartered in Luxembourg, BSN Medical develops, manufactures
and markets wound care & vascular and orthopaedics products. The
Company employs around 6,000 people and was founded in 2001 as a
50/50 joint venture between Beiersdorf AG and Smith & Nephew plc.
The Company has an increasingly global footprint, with production
facilities in 11 countries and operations in over 30 countries.
The Company was acquired by EQT in June 2012 and, with FY2015
reported revenues of EUR861 million, reports top five global
positions in each of its product segments.


INTELSAT CONNECT: Moody's Assigns Ca Rating to $750MM Notes
-----------------------------------------------------------
Moody's Investors Service, assigned a Ca rating to Intelsat
Connect Finance S.A.' s $750 million senior unsecured notes,
affirmed Intelsat S.A.'s Caa2 corporate family rating (CFR),
Caa3-PD/LD (with the /LD suffix added for one day) probability of
default rating (PDR), and maintained the rating outlook as
negative. All existing debt instrument ratings in the corporate
family were affirmed as was Intelsat's speculative grade
liquidity rating, at SGL-3 (adequate liquidity).

Intelsat is the senior-most entity in the Intelsat group of
companies and is the entity at which Moody's maintains the CFR,
PDR and SGL ratings, and is the only company in the family
issuing financial statements. Intelsat guarantees debts at its
subsidiary, Intelsat (Luxembourg) S.A. and, as well, at Intelsat
(Luxembourg)'s subsidiary, Intelsat Jackson Holdings S.A.
(Jackson). ICF is a newly created company that sits between
Luxembourg and Jackson; the guarantee structure also flows
through ICF.

ICF's new notes fund the repurchase of certain Luxembourg notes.
Moody's has assessed the transaction as comprising a distressed
exchange (DE) and a Default because, in part, the Luxembourg
notes are being purchased at a significant discount to par.
Accordingly, Moody's has appended the /LD limited default
indicator to Intelsat's PDR; this will remain for one business
day.

Moody's had, on 13 July 2016, appended the /LD suffix to
Intelsat's PDR to denote a DE and associated limited default and,
at the time, had also anticipated the DE to include a further
step to be completed within about 60 days involving Luxembourg's
6.75% notes due 2018. Given the extended delay and given that an
additional $3 billion (face value) of debt instruments are
included (the $2 billion 7.75% Luxembourg notes due 2021 and the
$1 billion 8.125% Luxembourg notes due 2023), the agency
considers the current transaction to be a distinct new DE event.

The following summarizes Moody's ratings and rating actions for
Intelsat:

Assignments:

  -- Issuer: Intelsat Connect Finance S.A.

    GTD Senior Unsecured Regular Bond/Debenture, Assigned
     Ca (LGD4)

Outlook Actions:

  -- Issuer: Intelsat S.A.

     Outlook, Maintained at Negative

Affirmations:

  -- Issuer: Intelsat (Luxembourg) S.A.

     GTD Senior Unsecured Regular Bond/Debenture, Affirmed Ca
     (LGD 5)

  -- Issuer: Intelsat Jackson Holdings S.A.

     Senior Secured Bank Credit Facility, Affirmed B1 (LGD 1)

     GTD Senior Secured Bank Credit Facility, Affirmed B1 (LGD 1)

     GTD Senior Secured Regular Bond/Debenture, Affirmed B1
     (LGD 1)

     GTD Senior Unsecured Regular Bond/Debenture, Affirmed Caa2
     (LGD 3)

  -- Issuer: Intelsat S.A.

     Probability of Default Rating, Affirmed Caa3-PD/LD (with the
     /LD suffix added for one day)

     Speculative Grade Liquidity Rating, Affirmed SGL-3

     Corporate Family Rating, Affirmed Caa2

RATINGS RATIONALE

Intelsat's Caa2 CFR is based primarily on Moody's assessment that
with debt/EBITDA of approximately 9x (Moody's adjusted), and with
business conditions in the fixed satellite services sector
evolving and uncertain, and with resulting poor cash flow
visibility and uncertain business valuations, the company's
capital structure is not sustainable. Moody's believes additional
liability management transactions may be required in the event
that the company's cash flow does not materially expand in
2018/19. Such transactions may be assessed as comprising
distressed exchanges and limited defaults.

Intelsat's speculative grade liquidity rating continues to be
SGL-3, indicating adequate liquidity. Intelsat relies on cash in
lieu of an accessible third party provided revolving credit
facility. While Moody's estimates Intelsat will incur about a $50
million FCF deficit over the next four quarters, with $669
million of cash (30Sept16, pro forma for the debt exchange) and
an estimated financial covenant compliance cushion of 25%,
liquidity is assessed as adequate.

Rating Outlook

The negative outlook is based on Moody's assessment that business
conditions in the fixed satellite services sector are evolving
and uncertain and, in turn, poor cash flow visibility and
uncertain valuations that point to a high probability of
additional liability management transactions prior to the
company's next debt maturity, in April 2019.

What Could Change the Rating - Up

The rating could be considered for upgrade if, along with
expectations of solid industry fundamentals, good liquidity, and
clarity on capital structure planning, Moody's anticipated:

   Leverage of debt/EBITDA normalizing below 6x on a sustained
   basis;

   Cash flow self-sustainability over the life cycle of the
   company's satellite fleet.

What Could Change the Rating -- Down

The rating could be considered for upgrade if, Moody's expected:

   Near-term defaults; or

   Substantial and sustained free cash flow deficits; or

   Less than adequate liquidity arrangements.

The principal methodology used in these ratings was "Global
Communications Infrastructure Rating Methodology" published in
June 2011.

Headquartered in Luxembourg, and with executive offices in
McLean, VA, Intelsat S.A. (Intelsat) is one of the two largest
fixed satellite services operators in the world. Annual revenues
are expected to be approximately $2.2 billion with EBITDA of
approximately $1.6 billion.



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R U S S I A
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TATFONDBANK: S&P Lowers Counterparty Credit Ratings to 'D'
----------------------------------------------------------
S&P Global Ratings lowered its long- and short-term counterparty
credit ratings on Russia-based PJSC Tatfondbank to 'D' (default)
from 'CCC-/C'.  S&P also lowered the Russia national scale rating
to 'D' from 'ruCCC-'.

At the same time, S&P lowered the ratings on Tatfondbank's senior
unsecured debt to 'D' from 'CCC-'.

The downgrade reflects the regulatory intervention by the Central
Bank of Russia (CBR) and its appointment of a temporary
administration at Tatfondbank on Dec. 15, 2016.  According to the
CBR, the bank failed to meet its creditors' claims for more than
seven days.  At the same time, the CBR suspended the authority of
the bank's management team.  S&P considers this evidence of
Tatfondbank's failure to meet its financial obligations as a
result of a liquidity crisis.

S&P understands that over the past few weeks the bank has
experienced an unexpected outflow of customer funds.

Further rating actions on Tatfondbank will depend on the bank's
next steps and on what potential financial rehabilitation
measures materialize over the coming weeks.  S&P currently has no
information on the probability or scope of such procedures.

S&P's downgrade to 'D' of Tatfondbank's senior unsecured debt--
relating to a $60 million issue (ISIN XS1512658805) due on
Nov. 12, 2019, and a $70 million issue (ISIN XS1059697323) due on
April 28, 2017--reflects the event of default according to the
issues' terms and conditions and our belief the bank will not be
able to meet those accelerated obligations within the grace
period because of the moratorium.

With about Russian ruble (RUB) 200 billion (about $3.2 billion)
of assets in accordance with Russian generally accepted
accounting principles on Dec. 1, 2016, Tatfondbank is a midsize
regional bank located in the Republic of Tatarstan.


URALSIB BANK: Fitch Affirms 'B' LT Issuer Default Rating
--------------------------------------------------------
Fitch Ratings has revised Russia-based Uralsib Bank's Outlook to
Stable from Negative at 'B', while affirming the Long-Term Issuer
Default Rating (IDR) at 'B'.

The revision of the Outlook reflects stabilisation of UB's core
capital metrics at reasonable levels, the bank's improved core
performance, as well as a strong liquidity and funding profile.
It also reflects Fitch's expectations that any further impairment
provisioning would likely be gradual and could at least be partly
financed by pre-impairment profits.

UB's Long-Term IDR of 'B' is driven the standalone credit profile
of the bank, as captured in its Viability Rating (VR) of 'b'. It
reflects the weak asset quality of UB, the potentially still high
provisioning needs of its large problem loans, related-party
exposures and investment properties, and its current non-
compliance with minimum capital ratios and some other regulatory
requirements.

The ratings also take into account the risks stemming from UB's
planned merger with a related-party bank, BFA Bank and
potentially significant support it may provide to a related-party
insurance company, SG Uralsib (SGU).

KEY RATING DRIVERS - IDRS AND VIABILITY RATING (VR)

UB's loan quality has continued to weaken since the bank's rescue
in 2H15. As a result of loan book seasoning and continued problem
loan recognition, non-performing loans increased to 19% of the
portfolio at end-1H16 from 14% at end-1H15 and restructured loans
to 10% from 4%. Although Fitch believes most of UB's large high-
risk loans are captured in these impaired categories, reserves
are yet to stabilise as coverage has weakened to 55% of total
impaired loans from 75%.

Fitch also expects the merger with BFA to result in some
additional asset-quality risks given BFA's light reserve coverage
of its own problem loans. However, in light of BFA's small
relative size (13% of combined gross loans), Fitch estimates that
net impaired loans following the merger could increase only
moderately to 0.6x Fitch Core Capital (FCC) from 0.4x at end-
1H16.

Fitch's view of UB's weak asset quality also takes into account
sizeable related-party exposures and investment property risks.
Related parties comprised 0.4x FCC at end-1H16 (of which 0.2x FCC
was to the previous shareholder's companies) and real estate
assets made up a further 0.3x FCC. As a result of the merger,
related-party exposures would likely fall to 0.2x FCC, due to the
removal of intragroup loans, while investment properties, which
Fitch considers overvalued, are unlikely to change relative to
core capital.

UB's FCC ratio improved to 16% at end-3Q16 from 14% at end-2015,
due to deleveraging and equity gains, which were partly driven by
the sale of SGU to a related party during the period. UB provided
an additional RUB3bn of new equity to SGU in 2Q16 (equal to 5% of
UB's FCC) and plans to provide additional capital support that
may be significantly larger in volume.

UB remains in breach of the minimum capital ratios as well as
some other regulatory norms, since it entered into a financial
rehabilitation regime imposed by the Deposit Insurance Agency
(DIA) in 2015. UB's regulatory Tier 1 and Total ratios of 5.3%
and 7.8%, respectively, at end-3Q16 are significantly lower than
Basel and FCC ratios because local accounts do not recognise the
large equity gains booked under IFRS on the low-cost funding from
the DIA.

Fitch does not expect UB to improve the ratios to the regulatory
minimum levels (in 2017: Tier 1 7.6%, total 9.6%) in the near
term, although internal capital generation should be stronger in
local accounts (under IFRS, the fair value gains on the DIA
funding will be gradually accrued back through the income
statement as interest expense). Under the terms of the financial
rehabilitation regime, UB does not need to meet minimum
regulatory capital requirements.

Fitch does not expect capital ratios to change significantly as a
result of the merger with BFA. However, the bank's ambitious
expansion plans, if implemented, could put pressure on capital
ratios, notwithstanding improved internal capital generation.

A reduction in deposit costs, together with elimination of some
interest expenses as a result of subordinated debt write-downs in
2015, improved UB's net interest margin to 4% in 9M16 from 3% in
2015. This, combined with a reduction in operating expenses,
helped the bank to turn around its previously loss-making core
performance as pre-impairment profit strengthened to 6% of
average loans in 9M16. Adjusting for interest accrued but not
received in cash and fair-value gains, pre-impairment profit was
a still reasonable 2% of loans.

Nevertheless, Fitch expects high impairment charges to continue
to put pressure on UB's net income as the bank gradually provides
for its problem exposures. Loan impairment charges comprised a
high 69% of pre-impairment profit in 9M16, resulting in a modest
ROAE of 6%.

Fitch's assessment of UB's liquidity and funding profile takes
into account the bank's large unencumbered liquid assets, equal
to 42% of liabilities at end-3Q16, a highly granular deposit base
which the bank has been able to largely restore after some
outflows in 2015, and the agency's expectations that UB will
maintain only moderate repo funding in the long term.

KEY RATING DRIVERS - SUPPORT RATING (SR) AND SUPPORT RATINGS
FLOOR (SRF)

UB's SR of '5' and SRF of 'No Floor' reflect Fitch's view that
extraordinary support from state authorities cannot be fully
relied upon in the future. Fitch recognises that financial
assistance the bank received in 2015 helped avert losses for its
senior unsecured creditors. However, the agency does not believe
that such support can be relied upon again, if needed, given the
large amount of support already provided, UB's small market
shares, and the exhaustion of possibilities to bail in junior
obligations to restore the bank's solvency.

RATING SENSITIVITIES

UB's Long-Term IDR and its VR could be downgraded if asset
quality sharply weakens, capitalisation deteriorates or if the
merger with BFA results in considerably greater deterioration in
UB's financial profile than currently expected by Fitch.

Improved reserve coverage of problem exposures, continued solid
performance and FCC/Basel capital ratios and a strengthening of
regulatory capitalisation could put upward pressure on the
ratings.

The rating actions are as follows:

Long term Issuer Default Rating (IDR): affirmed at 'B'; Outlook
  revised to Stable from Negative

Short term IDR: affirmed at 'B'

Viability Rating: affirmed at 'b'

Support Rating: affirmed at '5'

Support Rating Floor: affirmed at 'No Floor'



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SERBIA: S&P Affirms 'BB-/B' Sovereign Credit Ratings
----------------------------------------------------
S&P Global Ratings revised its outlook on Serbia to positive from
stable.  At the same time, S&P affirmed its 'BB-/B' long- and
short-term foreign and local currency sovereign credit ratings on
Serbia.

                             RATIONALE

The outlook revision reflects Serbia's improved fiscal
performance and the prospects for further gains.  The rating
affirmation reflects the longer-term features of Serbia's credit
profile. These include a high general government debt burden,
most of which is denominated in foreign currency; a GDP per
capita of just above $5,000; limited monetary policy flexibility,
owing to the banking sector's prevalent euroization and its high
stock of nonperforming loans; and favorable economic growth
potential, in part due to the Progressive/Socialist party
coalition's structural reform agenda.

S&P projects that Serbia's general government will end 2016 with
a fiscal deficit at 2.2% of GDP, versus S&P's previous forecast
of 3.2% of GDP.  The improved result stems from buoyant revenues
from VAT and excise taxes, higher non-tax revenues, and one-off
revenue coming from the sale of the 4G spectrum rights.  The
government's three-year EUR1.2 billion precautionary standby
agreement with the IMF helped frame the fiscal stance.  S&P
believes that government's efforts to contain costs and mobilize
revenues will result in general government deficits stabilizing
at 3% of GDP, on average, in 2017-2019 compared with 5% in 2011-
2016.  These projections are slightly weaker than those of the
government as S&P anticipates spending pressure coming from
public wages and pensions.  Deficits of this range imply an
annual rise in general government debt (our preferred fiscal
metric) of about 1% of GDP higher, given S&P's expectations
regarding foreign exchange movements and some modest support for
public enterprises.

The broader public sector has been a perennial weak point in
Serbia's credit profile.  During 2015 and 2016, the government
took steps to restructure the larger public enterprises, such as
Elektroprivreda Srbije, Srbijagas and Serbian Railways, including
through the reduction of employees, separation of various
functions, and cost savings.  Provided these efforts continue,
S&P expects general government debt to peak at 75% of GDP by
year-end 2016 followed by a decline in 2017-2019.  This forecast
takes into account only modest calls on state guarantees but is
highly vulnerable to foreign exchange movements, as only 20% of
general government debt is denominated in Serbian dinar.

The Serbian economy saw a continued recovery throughout 2016,
with real GDP expected to grow by 2.7%, driven by investment
inflows -- mainly foreign direct investment (FDI).  While S&P
expects investment activity and industrial production to
accelerate, fiscal consolidation might weigh on private and
public consumption.  That said, structural reforms (namely to
labor, pension, corporate bankruptcy, and privatization laws), if
implemented, could stimulate growth beyond S&P's forecasts, which
are just over 2.5% between 2017 and 2019.  Although S&P forecasts
Serbia's average GDP per capita growth over this period to be
slightly higher at about 3%, due to the population shrinking at
an estimated 0.5% per year, GDP per capita remains at moderate
$5,200 in 2016.  This is lower than that of Serbia's EU neighbors
due to past periodic and sharp depreciations of the dinar.  S&P
expects GDP per capita to recover to closeto $6,200 by 2019 if
modest economic growth continues and the current account deficit
remains in check.

"In this regard, we also note a positive trend. From an average
of 8% of GDP in 2011-2014, we expect Serbia's current account
deficit to fall below 4% of GDP in 2016 and average 3% of GDP in
2017-2019. Stronger merchandise exports have led the improvement
to date.  We see further upside potential as a significant amount
of FDI has entered the manufacturing sector, taking advantage of
Serbia's lower cost structure.  Worker remittances have also been
robust.  Looking at the current account from a savings-investment
perspective, we believe the improved fiscal performance will also
relieve pressure on the country's overall current account
position," S&P said.

In addition to declining current account deficits, S&P expects
the composition of external financing to improve.  With the
opening of EU accession talks in late 2015, S&P expects that FDI
net inflows will fully finance the current account deficits
throughout the 12-month forecast horizon.  Under this assumption,
external debt net of public and financial sector external assets
will decline gradually to below 60% of current account receipts
(CARs) in 2019 from 70% in 2016.  Regarding the composition of
external debt, S&P has observed a significant sudden stop of
external finance for the private sector.  Net external debt of
the financial sector, for example, declined from 31% of CARs in
2009 to near balance this year and gross non-financial private
sector debt fell by slightly less.  These outflows were financed
by rising public sector external debt, FDI, and, to a small
extent, by the depletion of official reserves.  S&P believes that
this trend has now run its course based on the stabilization of
funding of the foreign banks that own most of the Serbian banking
sector, and improved fiscal prospects.  With this mix of external
debt, S&P expects gross external financing needs should remain
roughly equal to CARs plus usable reserves.

"We find Serbia's monetary flexibility limited in several
respects.  Foreign exchange movements have a big impact on the
government's debt trajectory, on inflation pass through, and on
bank asset quality.  Such vulnerabilities have prompted the
central bank, National Bank of Serbia (NBS), to intervene in the
foreign exchange market occasionally.  Almost 80% of general
government debt is denominated in foreign currency, principally
euros and U.S. dollars.  Inflation has exceeded the NBS' target
of 4%Ò1.5 percentage points several times over the past 10 years.
We note, however, that inflation declined and stabilized in 2014-
2016 due to domestic factors; lower imported inflation,
particularly related to oil and food; and only moderate regulated
price increases.  Nearly three quarters of deposits and loans
were denominated in foreign currency at the end of the second
quarter of 2016.  The NBS' Special Diagnostic Studies report
indicates that the banking sector remains adequately capitalized
and has sufficient liquidity.  However, nonperforming loans
(NPLs) accounted for a still high 19.2% of total loans at the end
of October 2016, according to NBS.  Corporate NPLs have been
declining as the manufacturing and construction sectors recover,
while household NPLs also dropped slightly in recent quarters.
Nevertheless, credit losses continue to weigh on banks'
profitability and constrain lending to the recovering economy,"
S&P said.

                              OUTLOOK

The positive outlook signals that S&P sees at least a one-in-
three chance that S&P would raise its rating on Serbia during the
next 12 months if the government's fiscal performance exceeds
S&P's expectations and the country's current account deficit
remains in check. Key metrics, which would signal such a
scenario, would include a reduction in the change in general
government debt as a share of GDP and Serbia's gross external
financing needs as a share of CARs plus usable reserves.  On the
policy front, an upgrade would depend on continued compliance
with the government's precautionary standby arrangement with the
IMF and progress on institutional integration with the EU.

S&P could revise the outlook back to stable if a fiscal
overperformance, compared to S&P's forecasts, does not occur; if
the restructuring of public enterprises stalls; if the current
account begins to widen anew; or if there are dislocations to the
dinar foreign exchange market (due, for example, to a
normalization of interest rates in the U.S.).

In accordance with S&P's relevant policies and procedures, the
Rating Committee was composed of analysts that are qualified to
vote in the committee, with sufficient experience to convey the
appropriate level of knowledge and understanding of the
methodology applicable.  At the onset of the committee, the chair
confirmed that the information provided to the Rating Committee
by the primary analyst had been distributed in a timely manner
and was sufficient for Committee members to make an informed
decision.

After the primary analyst gave opening remarks and explained the
recommendation, the Committee discussed key rating factors and
critical issues in accordance with the relevant criteria.
Qualitative and quantitative risk factors were considered and
discussed, looking at track-record and forecasts.

The committee agreed that fiscal performance had improved and
that all other key rating factors were unchanged.

The chair ensured every voting member was given the opportunity
to articulate his/her opinion.  The chair or designee reviewed
the draft report to ensure consistency with the Committee
decision. The views and the decision of the rating committee are
summarized in the above rationale and outlook.  The weighting of
all rating factors is described in the methodology used in this
rating action.

RATINGS LIST

                                     Rating         Rating
                                        To            From
Serbia (Republic of)
Sovereign Credit Rating
  Foreign and Local Currency         BB-/Pos./B    BB-/Stable/B
Transfer & Convertibility Assessment   BB            BB
Senior Unsecured
  Foreign Currency                      BB-           BB-



===============
S L O V E N I A
===============


PETROL DD: Ljubljana Court Rejects H12's Bankruptcy Petition
------------------------------------------------------------
Petrol d.d., Ljubljana on Dec. 22 received from the Ljubljana
District Court a decision by which the Court has rejected the
petition, filed by H12 d.d., to initiate bankruptcy proceedings
against Petrol d.d., Ljubljana.

Petrol d.d. is a Slovenian fuel retailer.



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


PRIVATBANK PJSC: Ex-Chairman Says Nationalization Unfounded
-----------------------------------------------------------
Neil Buckley at The Financial Times reports that in his first
foreign media interview since he was removed as PrivatBank
chairman in the Dec. 18 state takeover, Olexandr Dubilet said the
Ukrainian government's move to nationalize the country's biggest
lender was unfounded, and there was no US$5.5 billion hole in its
accounts.

Mr. Dubilet said that Ukraine's central bank had used flawed
methodology that fell short of international standards to assess
the lender's collateral and risk, the FT relates.

According to the FT, he claimed there was an alleged hole only
because the National Bank of Ukraine refused to recognize many
large assets, such as commercial property, as collateral.

Mr. Dubilet also accused the NBU of exaggerating the bank's
related-party lending -- which the regulator put at 97 per cent
of its commercial loan book — by classifying many individuals or
entities that had no connection to the lender as related parties,
the FT discloses.

"We are categorically not in agreement with the national bank's
assessment of risks and collateral," the FT quotes Mr. Dubilet as
saying.  "They were not using international standards.  According
to an audit by an independent auditor which was conducted last
year, we had UAH150 billion (US$5.7 billion) as collateral, but
the NBU didn't recognize this amount as collateral."

International financial institutions, rating agencies and many
analysts have welcomed the Ukrainian authorities' move as a long-
overdue culmination of efforts to clean up the country's banking
sector, the FT relays.  The IMF is understood to have made
tackling balance-sheet issues at PrivatBank a condition of
releasing the next tranche of a US$17.5 billion bailout program,
the FT notes.

But the bank's former management and its main shareholder,
billionaire oligarch Igor Kolomoisky, on Dec. 23 launched a
public relations offensive to insist nationalization should not
have been necessary, the FT discloses.

Mr. Kolomoisky, as cited by the FT, said he agreed to the state
takeover only to safeguard the bank after customers started
withdrawing deposits following what PrivatBank has called
"information attacks".  He hinted the central bank was behind
these attacks, the FT states.


PRIVATBANK PJSC: Fitch Puts 'CCC' IDRs on Rating Watch Evolving
---------------------------------------------------------------
Fitch Ratings has placed PJSC CB PrivatBank's (Privat) 'CCC'
Long-Term Issuer Default Ratings (IDRs) and senior debt rating on
Rating Watch Evolving (RWE), and downgraded its Viability Rating
(VR) to 'f' from 'ccc'.

KEY RATING DRIVERS

The rating actions follow the announcement on December 18 by the
Ukrainian authorities that Privat will be nationalised in order
to address its solvency problems. The downgrade of the VR to 'f'
reflects Fitch's view that the bank has failed, given the scale
of its reported recapitalisation needs. The RWE on the IDRs and
senior debt rating reflects uncertainty about whether losses will
be imposed on senior creditors as part of the recapitalisation
process.

The National Bank of Ukraine (NBU) has assessed Privat's capital
shortfall at UAH148bn, which is equal to 5.5x the bank's
regulatory capital at end-3Q16, or 6% of Ukraine's 2017F GDP.
Privat's liquidity has also come under pressure from recent
deposit outflows. The NBU has announced capital and liquidity
support measures to ensure that Privat can continue to service
its customer accounts, but the authorities have not yet clarified
whether other creditors, including bondholders, might absorb
losses.

At end-3Q16, customer funding accounted for 81% of Privat's
liabilities, with the majority of non-customer funding accounted
for by facilities from the NBU. Private wholesale funding
comprises mainly the bank's senior and subordinated Eurobonds,
respectively USD337m (UAH8.7bn equivalent) and USD150m
(UAH3.9bn).

The affirmation of the Support Rating at '5' and the Support
Rating Floor at 'No Floor', like the RWE on the IDRs and debt
rating, reflects uncertainty about whether state support will be
sufficient to avert losses for senior creditors. However, these
ratings also reflects the non-strategic nature of the state
ownership of Privat -- in contrast to JSC The State Export-Import
Bank of Ukraine (Ukreximbank) and JSC State Savings Bank of
Ukraine (Oschadbank) -- and the limited ability of the
authorities to provide foreign currency support in case of need.

At end-3Q16, Privat's foreign currency obligations were USD4.8bn,
accounting for 52% of total liabilities, with USD4bn of this due
to depositors. This compares with the country's international
reserves of USD15.3bn at end-11M16. The authorities may support
Privat's foreign currency position by injecting USD-linked
government bonds to recapitalise the bank. However, the
combination of expensive deposit funding and holdings of
potentially lower rate government bonds could put considerable
pressure on the bank's margins and operating performance after
recapitalisation, even if its balance sheet solvency is restored.

RATING SENSITIVITIES
Privat's Long-Term IDRs and senior debt rating could be upgraded
to 'B-' if losses are not imposed on senior creditors as part of
the recapitalisation process, and the latter is sufficient to
strengthen the bank's financial profile to an extent consistent
with a 'B-' rating.

Privat's IDRs will be downgraded to 'RD' (Restricted Default) if
some of the bank's senior, third-party, non-government creditors
are bailed in as part of the recapitalisation process.

The rating actions are as follows:

Long-Term Foreign and Local Currency IDRs: 'CCC', placed on RWE
Short-Term Foreign Currency IDR: 'C', placed on RWE
Viability Rating: downgraded to 'f' from 'ccc'
Senior unsecured debt of UK SPV Credit Finance plc:
'CCC'/Recovery Rating 'RR4', placed on RWE
Support Rating: affirmed at '5'
Support Rating Floor: affirmed at 'No Floor'
National Long-Term Rating: 'BB(ukr)', placed on RWE


METINVEST BV: Commences Debt Restructuring Following Default
------------------------------------------------------------
Neil Hume at The Financial Times reports that Metinvest, the
troubled Ukrainian steel-maker, has launched a debt
restructuring.

According to the FT, the deal will see the company's three
eurobonds, which mature in 2016, 2017, and 2018 respectively,
combined into a new US$1.2 billion note that will come due for
payment in 2021 with coupon of almost 11%.

The company, which is controlled by Ukrainian oligarch Rinat
Akhmetov, is also restructuring its US$1.1 billion pre-export
finance facility, the FT discloses.

Metinvest has been hit hard by the conflict in eastern Ukraine
and volatile steel and iron ore markets, the FT relates.  It has
been unable to access capital markets for several years and
refinance its heavy debt load, the FT relays.

It was forced into a restructuring after defaulting on one of its
eurobonds in January, the FT recounts.

                      About Metinvest B.V.

Svitlana Romanova, in her capacity as foreign representative of
Metinvest B.V., filed a Chapter 15 bankruptcy petition in the
U.S. Bankruptcy Court for the District of Delaware (Bankr. D.
Del. Case No. 16-10105) on Jan. 13, 2016, in the United States,
seeking recognition of a scheme of arrangement under part 26 of
the English Companies Act 2006 currently pending before the High
Court of Justice of England and Wales.

The Debtor and its subsidiaries claim to be the largest
vertically integrated mining and steel business in Ukraine.

Joseph M Barry, Esq., at Young Conaway Stargatt & Taylor, LLP,
counsel for the petitioner, said the Metinvest Group has
struggled in recent years in light of the ongoing political
turmoil in Ukraine since the end of 2013, which has negatively
impacted Ukraine's economy and the protracted slump in prices for
steel products, coal, and iron ore throughout much of 2014 and
2015.

The petitioner has engaged Young, Conaway, Stargatt & Taylor and
Allen & Overy LLP as her as counsel.

Judge Laurie Selber Silverstein has been assigned the case.



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


AMERICAN APPAREL: Closes 12 U.K. Stores, 147 Jobs Affected
----------------------------------------------------------
Tom Powell at Evening Standard reports that almost 150 American
Apparel staff have lost their jobs just before Christmas as the
fashion chain's administrators shut stores across London and the
UK.

The US clothing giant has closed 12 stores nationally including
those in Oxford Street, Covent Garden and Carnaby Street, Evening
Standard discloses.

A total of 147 employees have been made redundant, with only the
Camden High Street store remaining open, Evening Standard notes.

The firm fell into administration in November after falling foul
of tough trading conditions in Britain and America, Evening
Standard recounts.

"Over the last seven weeks, we have carried out our intention to
trade all of the stores on a short-term basis in order to sell
the stock and realise value for the creditors," Evening Standard
quotes Jim Tucker -- jim.tucker@kpmg.co.uk -- joint administrator
and restructuring partner at KPMG as saying.

"The Camden store will remain open into January."

KPMG said the remaining 31 members of staff based in Camden and
at the firm's head office will be retained in the short term,
Evening Standard relates.

                    About American Apparel

American Apparel Inc. is one of the largest apparel manufacturers
in North America, employing 4,700 employees across 3 active
manufacturing facilities, one distribution facility and
approximately 110 retail stores in the United States.

American Apparel and its affiliates filed for chapter 11
protection in October 2015, confirmed a fully consensual plan of
reorganization in January 2016, and substantially consummated
that plan on Feb. 5, 2016.  Unfortunately, the business
turnaround plan upon which the Debtors' plan of reorganization
was premised failed.

American Apparel LLC, along with five of its affiliates, again
sought bankruptcy protection (Bankr. D. Del. Lead Case No.
16-12551) on Nov. 14, 2016, with a deal to sell the assets.  The
petitions were signed by Bennett L. Nussbaum, chief financial
officer.

As of the bankruptcy filing, the Debtors estimated assets and
liabilities in the range of $100 million to $500 million each.
As of the Petition Date, the Debtors had outstanding debt in the
aggregate principal amount of approximately $215 million under
their prepetition credit facility.  Additionally, the Debtors
have guaranteed one of its United Kingdom subsidiaries'
obligations under a $15 million unsecured note due Oct. 15, 2020,
court document shows.

The Debtors have hired Laura Davis Jones, Esq. and James E.
O'Neill, Esq., at Pachulski Stang Ziehl & Jones LLP as counsel;
Erin N. Brady, Esq., Scott J. Greenberg, Esq., and Michael J.
Cohen, Esq., at Jones Day as co-counsel; Berkeley Research Group,
LLC as financial advisors; Houlihan Lokey as investment banker;
and Prime Clerk LLC, as claims and noticing agent.

An Official Committee of Unsecured Creditors is represented by
lawyers at Bayard P.A. and Cooley LLP.


CARLISLE CARPET: To Close Due to Continued Flood Damage
-------------------------------------------------------
iTV News reports that the owner of a Carlisle carpet shop is
closing the business for good after failing to recover from two
severe floods.

Michael Coburn's business was flooded for the second time last
December and since then he's been working from office space above
his former shop, according to iTV News.

"I couldn't face setting up the whole thing again. The thought
that it could possibly happen again- I thought no that's it. It's
quite sad when you see that your whole life time is washed away,"
the report quoted Mr. Coburn as saying.

Across Cumbria more than 1000 businesses were flooded and around
one in five are still closed, the report notes.

In Carlisle, more than a quarter of flooded businesses have still
to re-open, the report discloses.

According to the report, Claire Armitage's business was flooded,
but she then moved to renovated premises on Warwick Road.  She
said she's prepared for any future flooding.

"We've decided to stay because my business is here, my house is
here, my mum's here, I've lived her for over 20 years so I've
just decided to stay."

"We've been there once, we've been there twice and we're just
about flood proofed in case it happens again," she added.


MISSOURI TOPCO: S&P Affirms 'CCC+' Rating on GBP150MM Debt
----------------------------------------------------------
S&P Global Ratings said that it has reviewed its recovery and
issue-level ratings for Missouri TopCo Ltd., a holding company
for U.K. apparel retailer Matalan, that were labeled as "under
criteria observation" (UCO) after publishing its revised recovery
ratings criteria on Dec. 7, 2016.  With S&P's criteria review
complete, it is removing the UCO designation from these ratings,
revising downward its recovery ratings on Matalan's first-lien
senior secured notes, and affirming the issue ratings on both the
first- and second-lien notes.

These rating actions stem solely from the application of S&P's
revised recovery criteria and do not reflect any change in its
assessment of the corporate credit ratings for issuers of the
affected debt issues.

Key analytical factors:

   -- Following the publication of S&P's revised recovery ratings
      criteria on Dec. 7, 2016, S&P reviewed the group's recovery
      and issue-level ratings.  As a result of this review, S&P
      is revising its recovery rating on the group's
      GBP342 million first-lien debt down to '4' from '3'.  The
      recovery rating is supported by a limited amount of prior-
      ranking liabilities but constrained by the company's low
      visibility of earnings and the intra-year seasonality of
      cash flow.  The recovery rating on this debt indicates
      S&P's expectation of average recovery in the upper half of
      the 30%-50% range in the event of a payment default.  At
      the same time, S&P has affirmed the 'CCC+' issue rating on
      these notes.  In addition, S&P affirmed its 'CCC+' issue
      rating on the group's GBP150 million second-lien debt.  The
      recovery rating on this debt is unchanged at '6',
      indicating S&P's expectation of negligible recovery of 0%-
      10% in the event of a payment default.

   -- S&P's hypothetical default scenario assumes unfavorable
      macroeconomic developments in the U.K., increased
      competition, and cost inflation that the company is not
      able to pass on to customers.  S&P continues to value
      Matalan as a going concern given its strong brand
      recognition in the U.K., value retail space, and the high
      participation rate of its customers in its customer loyalty
      program.

Simulated default assumptions:
   -- Year of default: 2018
   -- Jurisdiction: United Kingdom

Simplified recovery waterfall:
   -- Emergence EBITDA: GBP54 million.  Capital expenditure
      (capex) set at 1% of sales, slightly lower than the anchor
      to reflect S&P's expectations for minimum capex at
      emergence from default.  Cyclicality adjustment is 5%, in
      line with the specific industry subsegment.  S&P used no
      operational adjustment.

   -- Multiple: 4.0x. Adjusted down by 1.0x to reflect S&P's
      vulnerable business risk profile assessment.

   -- Gross recovery value: GBP215 million

   -- Net recovery value for waterfall after admin expenses (5%):
      GBP204 million

   -- Priority claims: GBP44 million (1) (2)

   -- Estimated first lien debt claim: GBP354 million (1)

   -- Value available for first lien claim: GBP160 million

   -- Recovery range: 30-50% (in the higher half of the range)

   -- Recovery rating: 4

   -- Estimated second-lien debt claim: GBP157 million (1)

   -- Value available for second-lien claim: GBP0 million

   -- Recovery range: 0%-10%

   -- Recovery rating: 6

(1) All debt amounts include six months of prepetition interest.
(2) Includes GBP50 million RCF, assumed 85% drawn at default.


MOULDING CONTRACTS: Enters Administration, Cuts 90 Jobs
-------------------------------------------------------
BDC Magazine reports that civil engineering business Moulding
Contracts Limited is set to cut the jobs of 90 workers after
being placed into administration by the High Court.

A process to secure a buyer and additional funding for the ú18m-
turnover firm were unsuccessful, according to BDC Magazine.

Diane Hill -- dhill@clbcoopers.co.uk -- and Mark Getliffe --
mgetliffe@clbcoopers.co.uk -- of business advisory firm CLB
Coopers in Manchester have been appointed as joint administrators
for Moulding Contracts, which operated from from bases in Greater
Manchester, Oxfordshire and County Durham.

Mr. Getliffe said: "Moulding Contracts will complete some
specific contracts but there is no prospect of it continuing to
trade as a going concern.

"The workforce was already in a redundancy consultation."

Speaking further, he said there is "every prospect of creditors
being paid a distribution", adding: "The expectation is that we
will be able to distribute funds back to creditors in 2017, the
report discloses.

"A plan has been agreed to effect this and creditors will be
consulted early in the New Year," he added.

Founded in 1950 as a family-run plant hire company in the North
West, Moulding Contracts went on to become a major service
provider for both the quarrying and brick making industries
across the North and Midlands, the report says.

In 1996, after a string of successful joint venture projects,
Moulding Contracts merged with a North East-based regional
landfill engineering business, the report recalls.

Employees affected include site agents, site engineers, plant
operators and groundworkers, the report notes.

Mr. Getliffe continued: "It's unwelcome to see people lose their
jobs at any time of year but there is a chronic shortage of these
skills across civil engineering and construction, so it's our
hope and belief that the workforce will be able to find
alternative employment", the report adds.


NOEL VILLAGE: Into Administration, Ceases Trading
-------------------------------------------------
Laurence Kilgannon at Insider Media reports that a foundry backed
by Finance Yorkshire, which supplied steel castings to the oil
and gas industry, has ceased trading after encountering
challenging trading conditions, with the majority of its
workforce losing their jobs days before Christmas.

Howard Smith -- howard.smith@kpmg.co.uk -- and Jonny Marston --
jonny.martson@kpmg.co.uk -- from KPMG were appointed joint
administrators of Noel Village (Steel Founder) Ltd on December
15, 2016, according to Insider Media.

The Doncaster-based foundry was placed into administration after
a buyer was unable to be found for the business, the report
notes.

The report discloses that following a review of the company's
operations, and following discussions with customers, the
decision was taken on 19 December 2016 to cease trading.

The report says that eight employees have been retained to assist
the administrators with a controlled wind down of the business
and to assist with realising the company's assets, but 30
employees were made redundant.

Mr. Smith said: "A lack of capital investment in the oil and gas
industry has reduced demand for steel products in recent years
and put significant cashflow pressure on steel foundries like
Noel Village. Excess capacity in the steel market has created
challenging trading conditions and limited options to sell the
business or maintain it as a going concern.

"We are working closely with the employees affected by the
administration to help them through this difficult time," he
added.

In 2014, Noel Village secured a GBP750,000 equity-linked
investment from Finance Yorkshire, the report recalls.

Alex McWhirter, chief executive of Finance Yorkshire, said: "It
is unfortunate to see Noel Village in this position. We invested
in the company at a time when it was an established business
showing further growth potential.

"We have worked with the management team to preserve the business
which has struggled against the continued fall in oil prices and
a decline in orders.

"All of our investments carry an element of risk and it is
inevitable that a small number of businesses will run into
difficulties.

"In terms of our investments overall, Finance Yorkshire continues
to make healthy returns."


SUE'S CRAFTS: Closes On Christmas Eve
-------------------------------------

Jordan Bhatt at Gloucestershire Live reports that Sue's Crafts,
based on the High Street in Cheltenham, was expected to close at
Christmas Eve after 17 years of trading.

The craft store has struggled with changes in shopping habits,
parking charges and online shopping, according to Gloucestershire
Live.

The report notes that shop owner Sue Walker said: "We've had some
loyal customers over the years but it's been hard since the
parking charges came in."

"I've just had enough. We had hoped the town would pick up but
the volume is at the other end of town."

The shop has belonged to the family for four generations but Sue
plans to keep the store and redesign it into four separate units.

The decision to close by Sue came earlier in the year after she
returned from a holiday, the report relays.  Sue said,
"Financially, I should have closed up four years ago," according
to the report.

The store was reduced in size at the start of 2016 with the
assumption that a closure was almost inevitable, the report
notes.

She said: "It's been hard and emotional. The customers have been
loyal and friendly over the years. It feels like the end of an
era," the report discloses.


TEAM ROCK: Music Publisher Drummed Into Administration
------------------------------------------------------
Pat Sweet at CCH Daily reports that Team Rock, the company, which
produces the magazines Classic Rock, Metal Hammer and Prog, is
being managed on a care and maintenance basis only whilst a buyer
for the assets is sought.  Accordingly, the Team Rock website
will be unavailable for the foreseeable future.

Out of a total of 80 staff employed by Team Rock, 27 based at its
Glasgow headquarters and 46 in London have lost their jobs,
according to CCH Daily.  A further seven have been retained 'in
the short term' to assist administrators with 'magazine
publishing, website maintenance and other matters,' the report
notes.

The report relates a statement from the administrators said the
company had traded at a loss 'for a significant period of time',
although it had posted an annual turnover of more than GBP6
million in the last set of accounts filed at Companies House.
The current Team Rock set up had only been going since 2013, when
John Myers, ex-GMG radio chief, bought the three titles from
Future Publishing for GBP10.2 million, the report relays.

In October 2015, the company completed a GBP4.5 million
investment round led by North Atlantic Smaller Companies
Investment Trust plc, the report notes.  The main shares issued
were 4.5 million GBP1 redeemable preference 2 shares, redeemable
in 2025, the report recalls.

The report says in the 2015 annual report and accounts, Team Rock
stated: 'The increase in equity and net reduction in debt
resulting from the additional loans and the transaction has
strengthened the balance sheet. The effect of the transaction is
demonstrated by the restatement of the company's balance sheet as
at 31 March 2015.'

The report point out that at the time, the directors said that
the cash input would sustain the company, stating they were
'confident that their investment . . .  will realize sufficient
income to support the going concern assumption'.

However, there were signs of financial pressure. Team Rock's
strategic report for the year ended March 31, 2015 outlines the
company's principal risks and uncertainties, the report notes.

It stated: 'The principal risk facing the company is the inherent
risk of changing its underlying business model from a traditional
to a digital one. The business is managing this risk by
continuing to invest strategically in publishing to support the
traditional business,' the report relays.

The company report also mentions a revenue risk saying,
'continued investment carries with it the risk that new revenue
streams will not start to produce a return as quickly as forecast
and this in turn will put pressure on the resources of the
company, the report relays.  However, this risk has been
substantially addressed by securing the new investment that came
into the company in October 2015.'

The report notes the company was audited by BDO LLP who did not
express concerns about long-term viability in the last auditor's
report.

Administrators FRP Advisory said: "Cost-cutting measures were
implemented and despite the best efforts of the directors to seek
additional investment or a purchaser for the business, no deal
could be completed, leaving the company with no viable option
other than to enter administration and to immediately cease
trading," the report discloses.

Joint administrator and FRP Advisory partner Tom MacLennan --
tom.macLennan@frpadvisory.com -- said the administration
presented an "excellent opportunity to acquire high profile rock
music titles, products and brands that have a substantial global
following."

"The brands and assets could appeal to a music publishing
business looking to expand its portfolio, or an entrepreneur that
sees the potential for developing the brands," he said.

Team Rock's website, teamrock.com, was said to have been
attracting in excess of three million hits per month and the
company also attracted significant audiences for the radio
channel, Team Rock.  The company was founded in 2012 and a year
later expanded to acquire the Classic Rock, Prog and Metal Hammer
titles from Future Publishing.

The report notes The Team Rock annual report and accounts for
2014/15 is available at Companies House, the report says.

The company report said a Just Giving page has been set up to
raise GBP20,000 for the staff that have been made redundant only
six days before Christmas, the report notes.  The campaign has
currently raised GBP43,400.



===================
U Z B E K I S T A N
===================


KDB BANK: S&P Affirms 'B+/B' Counterparty Credit Ratings
--------------------------------------------------------
S&P Global Ratings said that it had affirmed its 'B+/B' long- and
short-term counterparty credit ratings on Uzbekistan-based KDB
Bank Uzbekistan (KDB Uzbekistan).  The outlook remains stable.

The affirmation reflects S&P's expectation that KDB Uzbekistan's
market position and financial performance will remain stable in
the next 12-18 months.  S&P also anticipates that KDB Uzbekistan
will maintain close strategic and operational ties with its
parent, Korea Development Bank (AA/Stable/A-1+), which supports
its above-average funding characteristics, while the bank's
conservative approach to lending and strict risk management
practices will stay broadly unchanged.

For the last year, KDB Uzbekistan has continued following its
strategy of modest organic growth.  The bank's business focus
remains predominantly on providing large and midsize corporate
clients with treasury services, such as settlements and foreign
currency conversion transactions, as well as with trade finance
facilities.  The bank's lending activity remains minor and the
share of the gross loan portfolio in total assets was 4.1% as of
June 30, 2016.  S&P expects that this share will not exceed 5%-6%
in the next 12-18 months, owing to the challenging economic
environment in Uzbekistan and the bank's very conservative
approach to business development.

In S&P's view, the bank's capital position will remain adequate
in the next 12-18 months, as reflected in S&P's projected risk-
adjusted capital ratio of 8.4%-8.6%.  The bank will keep its
relatively sound ability to generate capital internally and S&P
anticipates that the return on equity will be 20%-25% and the
dividend payout ratio will not exceed 20% in the next two years.

"We have revised up our assessment of KDB Uzbekistan's funding to
above average from average.  This reflects our view that the
bank's deposit base will be sticky, while its asset base will
stay predominantly short term in nature, which is now reflected
in the bank's much stronger funding metrics than those of peers.
In particular, the bank's stable funding ratio was 814% as of
year-end of 2015 versus an average of about 250% for peers.  The
bank's funding mainly consists of current accounts of large local
and international corporations operating in Uzbekistan.  We note
that, despite their short-term nature, current accounts have been
very stable for the last two years.  Moreover, customer balances
are placed at interest rates close to zero.  In our view, this
reflects the bank's sound client franchise as a subsidiary of a
large and highly rated international banking group," S&P said.

In S&P's view, KDB Uzbekistan's asset quality will remain high
and stable.  Since 2014, the bank has had no nonperforming loans,
while average credit losses for the last five years were close to
zero.  This reflects the bank's selective and conservative
approach to lending, which will likely remain unchanged.

S&P considers KDB Bank Uzbekistan to be a strategically important
subsidiary of Korea Development Bank.  S&P bases its view on the
high operational integration between the parent and KDB
Uzbekistan.  Moreover, S&P acknowledges that KDB Uzbekistan's
commercial franchise, brand name, and financial profile all
benefit from being part of a large and strong group.  However,
S&P do not factor in group support in its ratings on KDB
Uzbekistan, and S&P's rating on the bank remains at the level of
its 'b+' stand-alone credit profile (SACP), given that KDB
Uzbekistan's creditworthiness is already at the same level as
S&P's view of the sovereign's creditworthiness.

The stable outlook on KDB Uzbekistan reflects S&P's view that the
bank will continue to focus on servicing mostly corporate clients
over the next 12-18 months, while maintaining its capitalization
and risk profile at current levels.

S&P is unlikely to raise the ratings on KDB Bank Uzbekistan over
the next 12-18 months, unless the sovereign's creditworthiness
improves.

S&P might lower the ratings on KDB Uzbekistan to reflect
heightened economic and industry risk, such as a deterioration in
the sovereign's creditworthiness.  If Korean Development Bank
were to reconsider its ongoing support for KDB Uzbekistan, and
its presence in Uzbekistan, this might also lead S&P to reassess
downward both the financial profile and business profile of the
bank, and consequently to lower its rating on the bank.


* Power Cut Forces Stores to Close Redhill Businesses
-----------------------------------------------------
Tom VKlaveren at Surrey Mirror reports that shops in Redhill town
centre were forced to close on one of the busiest shopping days
of the year due to a power cut.

Clinton Cards, Santander, Carphone Warehouse and Poundland, in
the Warwick Quadrant, were all forced to close because of the
power cut, caused by a fault with an underground cable, according
to the report.

UK Power Networks confirmed that the issue is affected 542
customers in the RH1 1, RH1 3 and RH1 4 postcodes, the report
notes.

The report relays an update on the firm's website said: "There is
currently a power cut in this area. Our engineers are working
hard to fix it as quickly as possible. We are sorry for any
trouble this may have caused you.

"An underground electricity cable has faulted on our high voltage
network, causing an area wide power cut."

A spokeswoman for UK Power Networks later confirmed that all
power was restored in the area at 12:49pm, the report says.

The report relays that a spokeswoman for UK Power Network's said:

"UK Power Networks engineers are working as quickly as possible
to restore electricity supplies to 542 customers in Redhill High
Street area after a power interruption at 11.34am today."

"We apologise for any inconvenience this is causing and we are
working to reconnect all supplies."



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


* BOND PRICING: For the Week December 19 to December 23, 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
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
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
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
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
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
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
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
HSBC Trinkaus & Burkha   24.30    9/23/2016   EUR
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
BNP Paribas Emissions-    3.50   12/22/2016   EUR      57.67
BNP Paribas Emissions-    4.00   12/22/2016   EUR
BNP Paribas Emissions-    5.50   12/22/2016   EUR
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
BNP Paribas Emissions-    5.50    9/22/2016   EUR
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.


                 * * * End of Transmission * * *