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Extraction Summary
14
People
12
Organizations
0
Locations
3
Events
2
Relationships
3
Quotes
Document Information
Type:
Financial research report (disclaimer/disclosure page)
File Size:
Summary
This document is page 25 of a 'Global Cross Asset Strategy - Year Ahead' report dated November 30, 2016, produced by Bank of America Merrill Lynch. It contains standard options risk warnings, analyst certifications listing numerous BofA employees, and special disclosures regarding BofA's advisory roles in Italian banking acquisitions (Anima Holding/Pioneer and Mediobanca/Banca Esperia). The document bears the Bates stamp HOUSE_OVERSIGHT_014456, indicating it was produced as part of a US House Oversight Committee investigation.
People (14)
| Name | Role | Context |
|---|---|---|
| James Barty | Analyst |
Certifying analyst for Bank of America Merrill Lynch report
|
| Abhinandan Deb | Analyst |
Certifying analyst for Bank of America Merrill Lynch report
|
| Barnaby Martin | Analyst |
Certifying analyst for Bank of America Merrill Lynch report
|
| Benjamin Bowler | Analyst |
Certifying analyst for Bank of America Merrill Lynch report
|
| Claudio Piron | Analyst |
Certifying analyst for Bank of America Merrill Lynch report
|
| David Hauner, CFA | Analyst |
Certifying analyst for Bank of America Merrill Lynch report
|
| Hans Mikkelsen | Analyst |
Certifying analyst for Bank of America Merrill Lynch report
|
| Ian Gordon | Analyst |
Certifying analyst for Bank of America Merrill Lynch report
|
| Ioannis Angelakis | Analyst |
Certifying analyst for Bank of America Merrill Lynch report
|
| Kamal Sharma | Analyst |
Certifying analyst for Bank of America Merrill Lynch report
|
| Mark Capleton | Analyst |
Certifying analyst for Bank of America Merrill Lynch report
|
| Ritesh Samadhiya, CFA | Analyst |
Certifying analyst for Bank of America Merrill Lynch report
|
| Shusuke Yamada, CFA | Analyst |
Certifying analyst for Bank of America Merrill Lynch report
|
| Shyam S.Rajan | Analyst |
Certifying analyst for Bank of America Merrill Lynch report
|
Organizations (12)
| Name | Type | Context |
|---|---|---|
| Bank of America Merrill Lynch | ||
| FINRA | ||
| OCC (Options Clearing Corporation) | ||
| Anima Holding SpA | ||
| Poste Italiane SpA | ||
| Cassa Depositi e Prestiti SpA | ||
| Pioneer Global Asset Management SpA | ||
| Unicredit SpA | ||
| Mediobanca SPA | ||
| Banca Esperia | ||
| Mediolanum Group | ||
| House Oversight Committee (implied by Bates stamp) |
Timeline (3 events)
2016-11-10
Announcement of acquisition bid for Pioneer Global Asset Management SpA
Italy (implied by entities)
2016-11-17
Announcement of acquisition of 50% of Banca Esperia
Italy (implied by entities)
Mediobanca SPA
Mediolanum Group
2016-11-30
Publication of Global Cross Asset Strategy - Year Ahead report
Global
Bank of America Merrill Lynch Analysts
Relationships (2)
BofA Merrill Lynch is currently acting as Financial Adviser to Anima Holding SpA
BofA Merrill Lynch is currently acting as Financial Advisor to Mediobanca SPA
Key Quotes (3)
"Unlike owning or shorting a stock, employing any listed options strategy is by definition governed by a finite duration."Source
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Quote #1
"The most severe risks associated with general options trading are total loss of capital invested and delivery/assignment risk... all of which can occur in a short period."Source
HOUSE_OVERSIGHT_014456.jpg
Quote #2
"We... hereby certify that the views each of us has expressed in this research report accurately reflect each of our respective personal views about the subject securities and issuers."Source
HOUSE_OVERSIGHT_014456.jpg
Quote #3
Full Extracted Text
Complete text extracted from the document (2,267 characters)
Options Risk Statement
Potential Risk at Expiry & Options Limited Duration Risk
Unlike owning or shorting a stock, employing any listed options strategy is by definition governed by a finite duration. The most severe risks associated with general options trading are total loss of capital invested and delivery/assignment risk... all of which can occur in a short period.
Potential Risk at Expiry & Options Limited Duration Risk
Unlike owning or shorting a stock, employing any listed options strategy is by definition governed by a finite duration. The most severe risks associated with general options trading are total loss of capital invested and delivery/assignment risk... all of which can occur in a short period.
Investor suitability
The use of standardized options and other related derivatives instruments are considered unsuitable for many investors. Investors considering such strategies are encouraged to become familiar with the "Characteristics and Risks of Standardized Options" (an OCC authored white paper on options risks). U.S. investors should consult with a FINRA Registered Options Principal.
The use of standardized options and other related derivatives instruments are considered unsuitable for many investors. Investors considering such strategies are encouraged to become familiar with the "Characteristics and Risks of Standardized Options" (an OCC authored white paper on options risks). U.S. investors should consult with a FINRA Registered Options Principal.
For detailed information regarding the risks involved with investing in listed options: http://www.theocc.com/about/publications/character-risks.jsp
Analyst Certification
We, James Barty, Abhinandan Deb, Barnaby Martin, Benjamin Bowler, Claudio Piron, David Hauner, CFA, Hans Mikkelsen, Ian Gordon, Ioannis Angelakis, Kamal Sharma, Mark Capleton, Ritesh Samadhiya, CFA, Shusuke Yamada, CFA and Shyam S.Rajan, hereby certify that the views each of us has expressed in this research report accurately reflect each of our respective personal views about the subject securities and issuers. We also certify that no part of our respective compensation was, is, or will be, directly or indirectly, related to the specific recommendations or view expressed in this research report.
We, James Barty, Abhinandan Deb, Barnaby Martin, Benjamin Bowler, Claudio Piron, David Hauner, CFA, Hans Mikkelsen, Ian Gordon, Ioannis Angelakis, Kamal Sharma, Mark Capleton, Ritesh Samadhiya, CFA, Shusuke Yamada, CFA and Shyam S.Rajan, hereby certify that the views each of us has expressed in this research report accurately reflect each of our respective personal views about the subject securities and issuers. We also certify that no part of our respective compensation was, is, or will be, directly or indirectly, related to the specific recommendations or view expressed in this research report.
Special Disclosures
BofA Merrill Lynch is currently acting as Financial Adviser to Anima Holding SpA in connection with its proposed bid, as part of a consortium including Poste Italiane SpA and Cassa Depositi e Prestiti SpA, for the acquisition of the asset management business, Pioneer Global Asset Management SpA, currently owned by Unicredt SpA, which was announced on 10 November 2016.
BofA Merrill Lynch is currently acting as Financial Adviser to Anima Holding SpA in connection with its proposed bid, as part of a consortium including Poste Italiane SpA and Cassa Depositi e Prestiti SpA, for the acquisition of the asset management business, Pioneer Global Asset Management SpA, currently owned by Unicredt SpA, which was announced on 10 November 2016.
BofA Merrill Lynch is currently acting as Financial Advisor to Mediobanca SPA in connection with its proposed acquisition of 50% of Banca Esperia from Mediolanum Group, which was announced on 17 November 2016.
Bank of America Merrill Lynch
Global Cross Asset Strategy - Year Ahead | 30 November 2016 25
Global Cross Asset Strategy - Year Ahead | 30 November 2016 25
HOUSE_OVERSIGHT_014456
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