Highly Sensitive Transactions

✓ Highly sensitive transactions are typically large in relative size to a market

✓ For example, large derivative hedges and large FX positions associated with M&A activity or asset sales/purchases

✓ They have the potential to move markets, disadvantage clients and result in disorderly markets

✓ This can attract negative publicity and potentially regulatory and legal challenge

✓ We are very experienced in managing large transactions as principals and client advisors

✓ Our systems and processes can assist in designing appropriate strategies to manage the risks and reduce costs and negative consequences

✓ We work with the client to identify the best approach and executing firms to achieve the most efficient and cost-effective hedging