Ltd. regulated by the Financial Services Agency; Merrill Lynch (Seoul): Merrill Lynch International
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regulated by Israel Securities Authority; Merrill Lynch (Russia): O00 Merrill Lynch Securities
regulated by the Capital Markets Board of Turkey; Merrill Lynch (Turkey Broker}: Merrill Lynch Menkul
regulated by the Capital Markets Board of Turkey; Merrill Lynch (DIFC): Merrill Lynch Intemational (DIFC Branch)
regulator): Merrill Lynch (South Africa): Merrill Lynch
regulated by Otoritas Jasa Keuangan (OJK); Merrill Lynch (Israel): Merrill Lynch
regulated by the Securities and Futures Bureau; DSP Merrill Lynch (India): DSP Merrill Lynch Limited
regulated by Otoritas Jasa Keuangan (OJK); Merrill Lynch (Israel): Merrill Lynch
regulated by Israel Securities Authority; Merrill Lynch (Russia): OOO Merrill Lynch Securities
regulated by the Dubai Financial Services Authority (DFSA); Merrill Lynch (Spain): Merrill Lynch Capital Markets Espana
regulated by Israel Securities Authority; Merrill Lynch (Russia): O00 Merrill Lynch Securities
without the express written consent of BofA Merrill Lynch. BofA Merrill Lynch Global Research reports are distributed
…very that resembles Liza recalling that the partners have identified over 20 additional drilling prospects. On the assumption of a ‘plus three year’ development scenario after Liza, the potential impact on incremental production and cash flow is significant for Hess while the cum...
… selloff would be largest (75-85bp — see Table 5) were the OIS curve to align with the median dots up to end of 2019. Options are attractive to position for a selloff in those forwards for two main reasons: 1. Volatilities in ly and 2y tails appear to trade cheap on our macro m...
Chart 16: SAN, BNP, ING, ISP and DBK average 6M ATMf implied vol is Chart 17: Despite the recent drop in realized correlation, implied trading historically low (13" percentile since 2008) correlation is priced near the high end of the reaiised range for the basket of EU banks...