1. Nikkei Put Warrants Bringing Innovation to the Retail Level

2. PENs SCPERS BT Counterparty PEFCO $5 mm $5mm + Appreciation 1% Coupon Fixed Undisclosed Flow Appreciation What happens to Tokyo Index?

3. Nikkei Put Warrants (Bringing innovation to retail) Goldman Sachs Option Premium At Beginning Counterparty Flow Dep Depriciation At Maturity Kingdom of Denmark Public Market Flow Dep

4. Alternative Plan SCPERS BT PEFCO $5 mm $5mm + App 1% Fixed App Flow App Goldman Sachs Price Flow Dep Kingdom of Denmark Public Market Dynamic Hedge Volatility

6. State of Connecticut Municipal Swap Innovation to the State and Local Level

8. Yield Curve

11. Inconsistent Gap

12. Yield Curve