Docstoc

PRR Updates CBG SG Bonds DBS Bank

Document Sample
PRR Updates CBG SG Bonds DBS Bank Powered By Docstoc
					BONDS

This document is meant to be informative and for general purposes only. It merely expresses the views and opinions held by DBS based
on its current proprietary risk methodology and such views and risk methodology therein, are subject to change. DBS is not obliged to
reveal or provide details on their internal risk methodology.



This document sets out the product risk rating of each product and does not constitute an offer, invitation, recommendation or solicitation
of any action based upon it. Further, this document should not be viewed as identifying or suggesting all risks, direct or indirect, that may
be associated with any investment decision and you should therefore not rely solely on this document when making your investment
decision. This document does not take into account your individual needs, investment objectives and specific financial circumstances and
investors should read the relevant offering documents in respect of each product and/or obtain separate legal or financial advice regarding
the suitability of the product, having regard to their specific investment objectives, financial situation and particular needs before deciding
to subscribe for or purchase any product.


                                                                                                    Risk Rating as of     Risk Rating as of
      ISIN Code                                           Name
                                                                                                     31 August 2012         31 July 2012

 SGD
 SG6W07984308             AACI REIT MTN PTE LTD - AAREIT 4.9 08/16                                           3                     -
 SG7S70943103             ASCENDAS PTE LTD - JTCSP 5.15 04/14                                                5                     5
 SG6S90978767             ASCENDAS REAL ESTATE INV - AREIT 4 02/03/22                                        4                     4
 SG7T56945659             ASCENDAS REAL ESTATE INV - AREIT 5 07/22/13                                        3                     3
 SG7T28944426             ASCOTT CAPITAL - SCOTSP 5.15 14                                                    4                     4
 SG7O92937681             ASCOTT CAPITAL PTE LTD - SCOTSP 3.58 09/12                                         4                     4
 SG6Q93975465             ASCOTT CAPITAL PTE LTD - SCOTSP 3.8 11/16                                          4                     4
 EJ3149428                ASCOTT CAPITAL PTE LTD - CAPLSP3.78 08/19                                          5                     -
 SG7T90948792             ASCOTT REIT MTN PTE LTD - ARTSP 4.11 12                                            3                     3
 SG7T89948738             ASIA PACIFIC BREWERIES - APBRSP 3.55 14                                            4                     4
 SG7V34954621             ASIA PACIFIC BREWERIES - APBRSP 3.78 03/20                                         4                     4
 SG7Z72968141             ASL MARINE HOLDINGS LTD - ASLSP 4.50 14                                            4                     4
 SG7V52954867             ASL MARINE HOLDINGS LTD - ASLSP 4.697 14                                           4                     4
 SG6V85983744             ASPIAL CORP LTD - ASPSP 5 07/27/15                                                 4                     -
 XS0752608652             AVIATION CAPITAL GROUP - PACLIF4 03/02/15                                          3                     3
 SG6S96978902             BANK OF CHINA AVIATION - BCHINA 3 08/06/13                                         3                     3
 XS0755885778             BANK OF EAST ASIA - BNKEA 4.25 22-20                                               3                     3
 SG7Z43967164             BANK OF MOSCOW - BKMOSC 4.25                                                       4                     4
 SG7Z75968189             BANYAN TREE HOLDINGS LTD - BTHSP 5.5 14                                            4                     4
 SG6V19981889             BANYAN TREE HOLDINGS LTD - BTHSP 6.25 05/17                                        4                     4
 SG6T87980213             BOC AVIATION PTE LTD - BCHINA 3.05 10/13                                           3                     3
 SG6U80981488             BOC AVIATION PTE LTD - BCHINA 3.25 04/14                                           3                     3
 SG7Z49967192             BOC AVIATION PTE LTD - BCHINA 2.4 02/08/13                                         3                     3
 XS0747343670             CATHAY PAC MTN FINANCING - CATHAY3.25 02/17                                        4                     4
 XS0355505347             CAPITACOMMERICAL TRUST - CCTSP 2 05/06/13                                          3                     3
 SG6S51977592             CAPITACOMMERICAL TRUST - CCTSP 3.25 15                                             3                     3
 XS0271062936             CAPITALAND LTD – CAPLSP2.1 16-13                                                   4                     4
 XS0303539786             CAPITALAND LTD – CAPLSP2.95 22/17                                                  4                     4
 XS0444106644             CAPITALAND LTD - CAPLSP2.875 09/16                                                 4                     4
 XS0345271489             CAPITALAND LTD - CAPLSP3.125 18-15                                                 4                     4
 SG7D25926168             CAPITALAND TREASURY LTD – CAPLSP3.5 07/17                                          4                     4
 SG7P18938051             CAPITALAND TREASURY LTD - CAPLSP 3.8 10/14                                         4                     4
 SG7X34961400             CAPITALAND TREASURY LTD- CAPLSP 4.3 20                                             4                     4
 SG7P31938278             CAPITALAND TREASURY LTD – CAPLSP4.35 10/19                                         4                     4
 SG3251967489             CAPITALMALL TRUST - CAPITA 2 13                                                    2                     2
 SG7X38961471             CAPITALMALL TRUST - CAPITA 2.85 14                                                 2                     2
 SG7X39961488             CAPITALMALL TRUST - CAPITA 3.55 17                                                 2                     2
 SG3250966474             CAPITALMALLS ASIA TREASURY - CMASP 2.15 14                                         4                     4
 SG3256978176             CAPITALMALLS ASIA TREASURY - CMASP 3.8 22                                          4                     4
 SG7X31960637             CAPITALMALLS ASIA TREASURY - CMASP 3.95 17                                         4                     4
 EJ3308677                CAPITALMALLS ASIA TREASURY - CMASP 3.7 08/22                                       4                     -
 SG7V30953817             CCT MTN PTE LTD - CCTSP 3.64 15                                                    3                     3
 SG7Z76968212             CDL PROPERTIES LTD - CDLSP 2 14                                                    5                     5
 SG7W50958505             CDL PROPERTIES LTD - CITSP 3.015 06/15                                             5                     5
 XS0771842878             CENTRAL CHINA REAL ESTATE - CENCHI 10.75 16                                        5                     5
 XS0188201296             CITIGROUP INC - C 3.83 03/20/14                                                    3                     3
 XS0258939643             CITIGROUP INC - C 4.05 16                                                          3                     3
 XS0371091777             CITIGROUP INC - C 4.98 06/20/13                                                    3                     3

                                                                    Page 1 of 14
BONDS

This document is meant to be informative and for general purposes only. It merely expresses the views and opinions held by DBS based
on its current proprietary risk methodology and such views and risk methodology therein, are subject to change. DBS is not obliged to
reveal or provide details on their internal risk methodology.



This document sets out the product risk rating of each product and does not constitute an offer, invitation, recommendation or solicitation
of any action based upon it. Further, this document should not be viewed as identifying or suggesting all risks, direct or indirect, that may
be associated with any investment decision and you should therefore not rely solely on this document when making your investment
decision. This document does not take into account your individual needs, investment objectives and specific financial circumstances and
investors should read the relevant offering documents in respect of each product and/or obtain separate legal or financial advice regarding
the suitability of the product, having regard to their specific investment objectives, financial situation and particular needs before deciding
to subscribe for or purchase any product.


                                                                                                    Risk Rating as of     Risk Rating as of
      ISIN Code                                           Name
                                                                                                     31 August 2012         31 July 2012

 SG7X45961563             CITY DEVELOPMENTS LTD - CITSP 2.48 15                                              4                     4
 SG7V14953718             CITY DEVELOPMENTS LTD - CITSP 2.565 02/13                                          4                     4
 SG7W08956296             CITY DEVELOPMENTS LTD - CITSP 2.92 04/14                                           4                     4
 SG7T80947846             CITY DEVELOPMENTS LTD - CITSP 3.45 12                                              4                     4
 SG7P63938659             CITY DEVELOPMENTS LTD - CITSP 3.82 14                                              4                     4
 SG7U04948919             CITY DEVELOPMENTS LTD - CITSP 3.88 14                                              4                     4
 SG7V04953579             CMT MTN PTE LTD - CAPITA 3.288 15                                                  2                     2
 SG7V48954815             CMT MTN PTE LTD - CAPITA 3.85 17                                                   2                     2
 XS0736001115             DAH SING BANK LTD - DAHSIN VAR 22-17                                               4                     4
 SG7X04960515             DANGA CAPITAL BHD - DANGMK 2.615 1                                                 2                     2
 SG7X05960522             DANGA CAPITAL BHD - DANGMK 3.725 2                                                 3                     3
 SG6T16978999             DBS BANK LTD SINGAPORE - DBSSP 3.3 VAR 02/22                                       3                     3
 SG6W11984344             DBS BANK LTD SINGAPORE - DBSSP VAR 02/23                                           3                     -
 XS0324686244             DEUTSCHE BANK AG - DB 3.25 12                                                      2                     2
 SG7I23930894             EMIRATES - EMIRAT 4.64 6/16                                                        5                     5
 SG6V18981831             EZION HOLDINGS LTD - EZISP 5.25 05/15                                              4                     4
 SG7W39957438             EZRA HOLDINGS LTD - EZRASP 4.78 05/13                                              4                     4
 EJ3456658                EZRA HOLDINGS LTD - EZRASP5 09/07/15                                               4                     -
 SG7S52942461             F&N TREASURY LTE PTD - FNNSP 5.5 03/16                                             4                     4
 SG7R68940872             F&N TREASURY PTE LTD - FNNSP 4.55 13                                               4                     4
 SG6T92980232             FCL TREASURY PTE LTD - FNNSP3.7 04/19                                              5                     5
 SG7Z33967034             FCT MTN PTE LTD - FCTSP 2.8 14                                                     3                     3
 SG7V18953755             FCT MTN PTE LTD - FCTSP 2.83 02/13                                                 3                     3
 SG7V19953762             FCT MTN PTE LTD - FCTSP 3.5 02/15                                                  3                     3
 SG3252968338             FRASER & NEAVE LIMITED - FNNSP 2.48 16                                             4                     4
 SG3253968345             FRASER & NEAVE LIMITED - FNNSP 3.15 18                                             4                     4
 SG7E40927117             FRASER & NEAVE LIMITED - FNNSP 3.62 10/15                                          4                     4
 XS0345468515             GENERAL ELEC CAP CORP - GE 3.03 02/11/13                                           2                     2
 SG7Y94965233             GLL IHT PTE LTD - GUOLSP 3 12                                                      4                     4
 SG7Z11966487             GLL IHT PTE LTD - GUOLSP 4 14                                                      4                     4
 SG6V17981824             GLL IHT PTE LTD - GUOLSP 4 14                                                      4                     4
 SG6O96970333             GLL IHT PTE LTD - GUOLSP 4.125 15                                                  4                     4
 SG6T24979088             GLL IHT PTE LTD - GUOLSP 4.25 15                                                   4                     4
 SG7Z69968062             GLL IHT PTE LTD - GUOLSP 4.875 03/16                                               4                     4
 SG6T25979095             GLL IHT PTE LTD - GUOLSP 5 17                                                      4                     4
 SG7Z25966556             GREAT EASTERN LIFE ASSUR - GESP4.6 VAR 01/26                                       3                     3
 XS0744053801             HENDERSON LAND MTN S - HENLND 3.65 16                                              4                     4
 XS0704544591             HENDERSON LAND MTN S - HENLND 3.865 16                                             4                     4
 XS0677387051             HENDERSON LAND MTN S - HENLND 4 09/18                                              4                     4
 XS0510022881             HK LAND TREASURY SG - HKLAND 3.43 20                                               3                     3
 SG7E22926939             HK LAND TREASURY SG - HKLAND 3.65 15                                               2                     2
 SG7X80962674             HOTEL PROPERTIES LTD - HPLSP 3.6 15                                                4                     4
 SG7Z66968016             HOTEL PROPERTIES LTD - HPLSP 3.88 16                                               4                     4
 SG7U57950325             HOTEL PROPERTIES LTD - HPLSP 4 13                                                  4                     4
 SG6Q01972117             HOTEL PROPERTIES LTD - HPLSP 4.1 07/18                                             4                     4
 SG7U00948889             HOTEL PROPERTIES LTD - HPLSP 4.75 10/12                                            4                     4
 SG7U38950196             HOUSING & DEVELOPMENT BRD - HDBSP 1.55 10/12                                       1                     1
 SG6Q96975538             HOUSING & DEVELOPMENT BRD - HDBSP 1.83 11/18                                       2                     2
 SG7V59954951             HOUSING & DEVELOPMENT BRD - HDBSP 1.87 03/15                                       1                     1

                                                                    Page 2 of 14
BONDS

This document is meant to be informative and for general purposes only. It merely expresses the views and opinions held by DBS based
on its current proprietary risk methodology and such views and risk methodology therein, are subject to change. DBS is not obliged to
reveal or provide details on their internal risk methodology.



This document sets out the product risk rating of each product and does not constitute an offer, invitation, recommendation or solicitation
of any action based upon it. Further, this document should not be viewed as identifying or suggesting all risks, direct or indirect, that may
be associated with any investment decision and you should therefore not rely solely on this document when making your investment
decision. This document does not take into account your individual needs, investment objectives and specific financial circumstances and
investors should read the relevant offering documents in respect of each product and/or obtain separate legal or financial advice regarding
the suitability of the product, having regard to their specific investment objectives, financial situation and particular needs before deciding
to subscribe for or purchase any product.


                                                                                                    Risk Rating as of     Risk Rating as of
      ISIN Code                                           Name
                                                                                                     31 August 2012         31 July 2012

 SG6Q76974105             HOUSING & DEVELOPMENT BRD - HDBSP 1.95 21                                          2                     2
 SG7Y21963749             HOUSING & DEVELOPMENT BRD - HDBSP 2 03/17                                          2                     2
 SG6Q43972851             HOUSING & DEVELOPMENT BRD - HDBSP - 2.815 07/21                                    2                     2
 SG7Z83968247             HOUSING & DEVELOPMENT BRD - HDBSP 3.14 21                                          2                     2
 SG7E38927087             HOUSING & DEVELOPMENT BRD - HDBSP 3.20 10/15                                       1                     1
 SG7N64936076             HOUSING & DEVELOPMENT BRD - HDBSP 3.35 06/19                                       2                     2
 SG7B83924842             HOUSING & DEVELOPMENT BRD - HDBSP - 3.375 04/15                                    1                     1
 SG7R51940723             HOUSING & DEVELOPMENT BRD - HDBSP 3.455 07/13                                      1                     1
 SG7563916472             HOUSING & DEVELOPMENT BRD - HDBSP 3.56 02/14                                       1                     1
 SG7J75932342             HOUSING & DEVELOPMENT BRD - HDBSP 3.622 16                                         1                     1
 SG7G50929076             HOUSING & DEVELOPMENT BRD - HDBSP 3.73 16                                          1                     1
 SG7R52940730             HOUSING & DEVELOPMENT BRD - HDBSP 3.95 07/18                                       2                     2
 SG6U51980824             HOUSING & DEVELOPMENT BRD - HDBSP 1.165 04/17                                      1                     1
 SG6V47983204             HOUSING & DEVELOPMENT BRD - HDBSP 2.505 06/24                                      2                     2
 SG7564916489             HSBC FINANCE CORP - HSBC 4.07 02/14                                                2                     2
 SG7X68961862             HSBC/ SINGAPORE - HSBC 1.6 10/13                                                   1                     1
 SG6Q08972185             HYFLUX LTD - HYFSP 3.5 16                                                          4                     4
 SG7Z22966542             HYFLUX LTD - HYFSP 3.89 01/16                                                      4                     4
 SG7V41954762             HYFLUX LTD - HYFSP 4.29 03/15                                                      4                     4
 SG6Q77974112             HYFLUX LTD - HYFSP 4.60 09/19                                                      4                     4
 SG7T76947651             HYFLUX LTD - HYFSP 5 08/28/12                                                      4                     4
 SG7T79947831             HYFLUX LTD - HYFSP 5.68 09/10/14                                                   4                     4
 SG6Q70974010             HYFLUX LTD - HYFSP 4.25 09/18                                                      4                     4
 EJ3351768                HYFLUX LTD - HYFSP 4.2 08/19                                                       4                     -
 XS0619063042             ICICI BANK LIMITED/ HK - ICICI 3.8 16                                              3                     3
 XS0821078275             IDBI BANK LTD/DIFC DUBAI - IDBI 3.65 08/15                                         3                     -
 SG6Q05972154             JOYNOTE LIMITED - CHEUNG 2.585 16                                                  4                     4
 SG7Y89964464             JOYNOTE LIMITED - CHEUNG 2.25 15                                                   4                     4
 SG6Q04972148             JOYNOTE LIMITED - CHEUNG 3.408 18                                                  4                     4
 SG3188887263             JURONG TOWN CORPORATION - JTCSP 4.826 10/12                                        1                     1
 SG7X87962719             KEPPEL CORP LTD - KEPSP 3.1 10/20                                                  4                     4
 SG6T03978952             KEPPEL CORP LTD - KEPSP 3.145 02/22                                                4                     4
 SG7X32960735             KEPPEL LAND - KPLD 3.1575 17                                                       4                     4
 XS0553317156             KEPPEL LAND LTD - KPLDSP 1.875 15                                                  4                     4
 SG7U97952703             KEPPEL LAND LTD - KPLDSP 2.77 13                                                   4                     4
 SG7T81947852             KONINKLIJKE VOPAK NC - VPKNA 5 09/14                                               4                     4
 SG7W44958264             LAND TRANSPORT AUTHORITY - LTASP 1.675 15                                          1                     1
 SG7195910976             LAND TRANSPORT AUTHORITY - LTASP 2.159 06/13                                       1                     1
 SG7W45958271             LAND TRANSPORT AUTHORITY - LTASP 2.71 20                                           2                     2
 XS0808748981             LEND LEASE FIN INTL LTD - LLCAU 4 5/8 07/17                                        3                     3
 SG3201892316             LAND TRANSPORT AUTHORITY - LTASP 4.17 05/16                                        1                     1
 XS0605545101             LLOYDS TSB BANK PLC - LLOYDS3 1/2 09/14                                            2                     2
 SG6V57983292             LMIRT CAPITAL PTE LTD - LMRTSP 4.88 07/06/15                                       4                     4
 SG6V58983309             LMIRT CAPITAL PTE LTD - LMRTSP 5.875 07/06/17                                      4                     4
 XS0615152591             MACQUARIE BANK LTD - MQGAU 3.3 04/16                                               2                     2
 SG6O81970017             MALAYAN BANKING BHD - MAYMK 3.8 21-16                                              3                     3
 SG6W19984585             MAPLETREE COMMERCIAL TRUST - MCTSP 3.6 08/20                                       3                     -
 SG6T36979555             MAPLETREE INDUSTRIAL TRUST - MINTSP 3 3/4 03/19                                    4                     4
 SG7X74962599             MAPLETREE TREASURY SVCS - MAPLSP 3.88 18                                           5                     5

                                                                    Page 3 of 14
BONDS

This document is meant to be informative and for general purposes only. It merely expresses the views and opinions held by DBS based
on its current proprietary risk methodology and such views and risk methodology therein, are subject to change. DBS is not obliged to
reveal or provide details on their internal risk methodology.



This document sets out the product risk rating of each product and does not constitute an offer, invitation, recommendation or solicitation
of any action based upon it. Further, this document should not be viewed as identifying or suggesting all risks, direct or indirect, that may
be associated with any investment decision and you should therefore not rely solely on this document when making your investment
decision. This document does not take into account your individual needs, investment objectives and specific financial circumstances and
investors should read the relevant offering documents in respect of each product and/or obtain separate legal or financial advice regarding
the suitability of the product, having regard to their specific investment objectives, financial situation and particular needs before deciding
to subscribe for or purchase any product.


                                                                                                    Risk Rating as of     Risk Rating as of
      ISIN Code                                           Name
                                                                                                     31 August 2012         31 July 2012

 SG7Q42939710             MAPLETREE TREASURY SVCS - MAPLSP 4.45 03/18                                        5                     5
 SG7R79941067             MAPLETREE TREASURY SVCS - MAPLSP 4.60 08/13                                        5                     5
 SG7T43944773             MAPLETREELOG TREASURY CO - MLTSP 5 06/28/13                                        3                     3
 XS0192766433             MERRILL LYNCH & CO - BAC 4.14 05/14                                                3                     3
 XS0179647713             MERRILL LYNCH & CO - BAC 4.62 11/13                                                3                     3
 XS0585780884             MORGAN STANLEY - MS 3.8 01/16                                                      3                     3
 SG6P73971303             NEPTUNE ORIENT LINES LTD - NOLSP 4.4 06/21                                         4                     4
 SG7X44961531             NEPTUNE ORIENT LINES LTD - NOLSP 4.65 20                                           4                     4
 SG6U79981465             NEPTUNE ORIENT LINES LTD - NOLSP 4.25 04/17                                        4                     4
 EJ3236944                NTUC INCOME INSURANCE - NTUCSP Var 08/27                                           3                     -
 KYG6688W1087             OCBC CAPITAL LTD - OCBCSP 3.93 03/20/55                                            3                     3
 SG7V20953777             OLAM INTERNATIONAL LTD - OLAM 4.07 13                                              4                     4
 SG7Z58967497             OLAM INTERNATIONAL LTD - OLAM SP 3 02/2013                                         4                     4
 SG6Q54973046             OLAM INTERNATIONAL LTD - OLAM SP 6 08/10/18                                        4                     4
 SG6V64983574             OLAM INTERNATIONAL LTD - OLAM SP 5.8 07/19                                         4                     4
 EJ3457904                OLAM INTERNATIONAL LTD - OLAMSP2 1/2 09/13                                         4                     -
 XS0635636920             OSIM INTERNATIONAL LTD - OSIMSP 2.75 16-14                                         4                     4
 SG7S48942377             OVERSEA-CHINESE BANKING - OCBCSP 5.6 19-14                                         3                     3
 SG7P81938913             OVERSEA-CHINESE BANKING - OCBCSP Var 17-12                                         2                     2
 SG7X90962805             OVERSEAS UNION ENTEPRISE LTD - OUESP 3.36 16-11                                    4                     4
 SG6Q78974608             OVERSEAS UNION ENTEPRISE LTD - OUESP 3.95 09-15                                    4                     4
 SG6O60969550             OVERSEAS UNION ENTEPRISE LTD - OUESP 4.3 14                                        4                     4
 SG6S80978645             OVERSEAS UNION ENTEPRISE LTD - OUESP 4.95 17                                       4                     4
 SG7V56954889             PARKWAY LIFE MTN PTE LTD - PREITS 0 13                                             4                     4
 SG7Z45967170             PETRA FOODS LTD - PETRA 4.5 14                                                     4                     4
 SG6O45969303             PETRA FOODS LTD - PETRA 5.15 15                                                    4                     4
 SG6S95978879             PETRA FOODS LTD - PETRA 4.75 02/16                                                 4                     4
 SG6U91981493             PETRA FOODS LTD - PETRA 5 04/27/17                                                 4                     4
 SG7D00925946             PSA CORPORATION LTD - PSASP 2.83 15                                                1                     1
 SG7W14957023             PSA CORPORATION LTD - PSASP 3.385 04/20                                            2                     2
 SG7T35944575             PSA CORPORATION LTD - PSASP 4 19                                                   2                     2
 SG7U84951494             PUBLIC UTILITIES BOARD - PUBLSP 2.42 16                                            1                     1
 SG7W64959424             PUBLIC UTILITIES BOARD - PUBLSP 3.012 22                                           2                     2
 SG7P08937840             PUBLIC UTILITIES BOARD - PUBLSP 3.095 14                                           1                     1
 SG7E59927271             PUBLIC UTILITIES BOARD - PUBLSP 3.18 10/15                                         1                     1
 SG7E60927286             PUBLIC UTILITIES BOARD - PUBLSP 3.52 10/20                                         2                     2
 SG7I95931705             PUBLIC UTILITIES BOARD - PUBLSP 3.9 08/18                                          2                     2
 XS0544939167             ROYAL BANK OF SCOTLAND PLC - RBS 2.85 14                                           2                     2
 XS0496240184             RUBY ASSETS PTE LTD - AREIT 1.6 17-15                                              1                     1
 SG4D13966393             SAVU INVESTMENTS PTE LTD - SAVUIN 3.83 14                                          5                     5
 SG7V65955851             SEMBCORP FINANCIAL SERV - SCISP 3.7325 20                                          4                     4
 SG7S62942816             SEMBCORP FINANCIAL SERV - SCISP 5 04/21/14                                         4                     4
 SG3248962544             SINGAPORE AIRLINES - SIASP 2.15 9/15                                               4                     4
 SG7W61959351             SINGAPORE AIRLINES LTD - SIASP 3.22 07/20                                          4                     4
 SG7113910041             SINGAPORE POST LIMITED - SPOST 3.13 04/13                                          1                     1
 SG7V60955658             SINGAPORE POST LIMITED - SPOST 3.5 03/20                                           2                     2
 SG5184892288             SINGAPORE POWER - SPSP 4.05 05/13                                                  1                     1
 SG7V33954614             SINGAPORE PRESS HOLDINGS - SPHSP 2.81 15                                           4                     4
 SG7V66955876             SINGTEL GROUP TREASURY P - SINTEL 3.4875 20                                        3                     3

                                                                    Page 4 of 14
BONDS

This document is meant to be informative and for general purposes only. It merely expresses the views and opinions held by DBS based
on its current proprietary risk methodology and such views and risk methodology therein, are subject to change. DBS is not obliged to
reveal or provide details on their internal risk methodology.



This document sets out the product risk rating of each product and does not constitute an offer, invitation, recommendation or solicitation
of any action based upon it. Further, this document should not be viewed as identifying or suggesting all risks, direct or indirect, that may
be associated with any investment decision and you should therefore not rely solely on this document when making your investment
decision. This document does not take into account your individual needs, investment objectives and specific financial circumstances and
investors should read the relevant offering documents in respect of each product and/or obtain separate legal or financial advice regarding
the suitability of the product, having regard to their specific investment objectives, financial situation and particular needs before deciding
to subscribe for or purchase any product.


                                                                                                    Risk Rating as of     Risk Rating as of
      ISIN Code                                           Name
                                                                                                     31 August 2012         31 July 2012

 SG7S71943110             SP POWERASSETS LTD - SPSP 2.8 12                                                   1                     1
 SG7R76941003             SP POWERASSETS LTD - SPSP 4.19 15                                                  1                     1
 SG7R77941010             SP POWERASSETS LTD - SPSP 4.665 20                                                 2                     2
 SG7396914140             SP POWERASSETS LTD - SPSP 4.84 10/18                                               2                     2
 SG7634917541             ST TREASURY SRVS LTD - STECHS 3.98 04/14                                           5                     5
 XS0520482141             STANDARD CHARTERED BANK - STANLN 2.22 07/13                                        2                     2
 XS0698410403             STANDARD CHARTERED BANK - STANLN 4.15 10/27/21                                     3                     3
 SG7W56959283             STARHILL GLOBAL REIT MTN - MMPSP 3.405 15                                          3                     3
 SG6Q91975459             STRAITS TRADING CO LTD - STRTR 4.3 11/16                                           4                     4
 SG6S73978214             SHUI ON DEVELOPMENT SING - SHUION8 01/26/15                                        4                     4
 SG6Q53972999             SUNTEC REAL ESTATE INVT – SUNSP 3.1 16                                             3                     3
 XS0324693455             SUNTEC REAL ESTATE INVT – SUNSP 3.25 13                                            3                     3
 SG6Q83975293             SWIBER HOLDINGS - SWIBSP 5 10/12                                                   4                     4
 SG7X41961500             SWIBER HOLDINGS - SWIBSP 5.75 08/12                                                4                     4
 SG6W02984238             SWIBER HOLDINGS - SWIBSP 5.80 08/13                                                4                     -
 SG7X88962726             SWIBER HOLDINGS - SWIBSP 5.80 10/13                                                4                     4
 SG7Z28966603             SWIBER HOLDINGS - SWIBSP 5.90 14                                                   4                     4
 SG6V59983340             SWIBER HOLDINGS - SWIBSP 7 07/06/16                                                4                     4
 SG6V26982490             SWIBER HOLDINGS - SWIBSP 6.25 06/15                                                4                     4
 SG7V23953782             TEMASEK FINANCIAL I LTD - TEMASE 3.265 20                                          2                     2
 SG7U76951353             TEMASEK FINANCIAL I LTD - TEMASE 4 12/07/29                                        3                     3
 SG7W86960343             TEMASEK FINANCIAL I LTD - TEMASE 4.2 08/02/50                                      3                     3
 XS0561857805             UNITED OVERSEAS BANK - UOBSP 3.45 21                                               3                     3
 SG7860920144             UNITED OVERSEAS BANK - UOBSP4.1 VAR 19-14                                          3                     3
 SG6V61983429             UNITED OVERSEAS BANK - UOBSP VAR 07/22                                             3                     3
 SG6P85971887             UNITED OVERSEAS LAND LTD - UOLSP 2.5 07/14                                         4                     4
 XS0633557391             VTB CAPITAL SA - VTB 3.4 14                                                        3                     3
 XS0807340699             VTB CAPITAL SA - VTB 4 07/20/15                                                    3                     3
 SG7W82960222             WBL CORPORATION LIMITED - WBLSP 3.173 13                                           4                     4
 XS0649960704             WHARF FINANCE - WHARF 2.995% 16                                                    4                     4
 SG6Q84975300             WHARF FINANCE - WHARF 4.30% 18                                                     4                     4
 XS0649960373             WHARF FINANCE - WHARF 4.50% 21                                                     4                     4
 XS0671301033             WHEELOCK FINANCE - WHEELK 4.5 21                                                   4                     4
 SG6S74978585             WILMAR INTERNATIONAL LIMITED - WILSP3.5 01/17                                      4                     4
 SG6S75978592             WILMAR INTERNATIONAL LIMITED - WILSP4.1 01/19                                      4                     4
 SG6Q17972614             WING TAI HOLDINGS LTD -WINGTA 3.38 07/16                                           4                     4
 SG6Q16972607             WING TAI HOLDINGS LTD -WINGTA 4 07/18                                              4                     4
 XS0435539506             YANLORD LAND GROUP LTD - YLLG5.85 07/14                                            5                     5
 SG6U07980357             ASCENDAS PTE LTD - JTCSP 4.75 Var 49-17                                            5                     5
 SG6Q69973965             CK BOND SEC LTD - CHEUNG 5.125 49-16                                               4                     4
 SG7Y03962859             DBS BANK LTD SINGAPORE - DBSSP 4.7 10/49                                           4                     4
 SG2C54964409             DBS BANK LTD SINGAPORE - DBSSP 4.7 11/49                                           4                     4
 SG7R06940349             DBS CAP FUNDING - DBSSP 5.75 VAR 49-18                                             4                     4
 SG6T47979602             GENTING SINGAPORE PLC - GENSSP5.125 49-22                                          4                     4
 XS0713845195             GLOBAL LOGISTIC PROPERTIES LIMITED- GLPSP 5.5 VAR 49-17                            4                     4
 SG6U93981525             HOTEL PROPERTIES LTD - HPLSP 6.125 Var 49-17                                       4                     4
 SG2D17969577             HYFLUX LTD - HYFSP 6 04/29/49                                                      4                     4
 SG7R75940980             MALAYAN BANKING BHD - MAYMK Var 49-18                                              4                     4
 SG6T57979641             MAPLETREE LOGISTICS TRUST - MLTSP VAR 03/49                                        4                     4

                                                                    Page 5 of 14
BONDS

This document is meant to be informative and for general purposes only. It merely expresses the views and opinions held by DBS based
on its current proprietary risk methodology and such views and risk methodology therein, are subject to change. DBS is not obliged to
reveal or provide details on their internal risk methodology.



This document sets out the product risk rating of each product and does not constitute an offer, invitation, recommendation or solicitation
of any action based upon it. Further, this document should not be viewed as identifying or suggesting all risks, direct or indirect, that may
be associated with any investment decision and you should therefore not rely solely on this document when making your investment
decision. This document does not take into account your individual needs, investment objectives and specific financial circumstances and
investors should read the relevant offering documents in respect of each product and/or obtain separate legal or financial advice regarding
the suitability of the product, having regard to their specific investment objectives, financial situation and particular needs before deciding
to subscribe for or purchase any product.


                                                                                                    Risk Rating as of     Risk Rating as of
      ISIN Code                                           Name
                                                                                                     31 August 2012         31 July 2012

 SG6V83983738             MAPLETREE TREASURY SVCS - MAPLSP Var 49-17                                         5                     5
 KYG668911053             OCBC CAPITAL CORP 2008 - OCBC Var 49-18                                            4                     4
 SG6V63983492             OVERSEA-CHINESE BANKING - OCBCSP 4 12/49-18                                        4                     4
 SG6T26979516             OLAM INTERNATIONAL LTD - OLAMSP7 VAR 12/49                                         4                     4
 SG1O30912073             OVERSEA-CHINESE BANKING - OCBCSP 4.5 (perp)                                        4                     4
 SG1W95940530             OVERSEA-CHINESE BANKING - OCBC 5.1 12/49-36                                        3                     3
 SG6T34979540             SINGAPORE POST LIMITED - SPOST VAR 49-22                                           3                     3
 SG1X34941168             UNITED OVERSEAS BANK LTD - UOBSP 5.05 49                                           4                     4
 USD_NRI
 XS0456606481             ADCB FINANCE CAYMAN LTD - ADCB4.75 10/14                                           2                     2
 USG01198AC73             AGILE PROPERTY HLDGS LTD - AGILE 10 11/14/16                                       4                     4
 USG01218AB54             AGILE PROPERTY HLDGS LTD - AGILE 8.875 17                                          4                     4
 XS0756437132             AGILE PROPERTY HLDGS LTD - AGILE 9.875 03/17                                       4                     4
 USY05509AA57             BAKRIE TELECOM - BTELJ 11.5 5/16                                                   5                     5
 USY0606WBR08             BANGKOK BANK HK - BBLTB 3.25 15                                                    3                     3
 USY0606WBS80             BANGKOK BANK HK - BBLTB 4.8 20                                                     3                     3
 US060505DP69             BANK OF AMERICA CORP – BAC5¾ 12/01/17                                              3                     3
 USY1391CAJ00             BANK OF CHINA HONG KONG - BCHINA 5.55 02/20                                        3                     3
 XS0521073428             BANK OF EAST ASIA LTD - BNKEA 6.125 07/20                                          3                     3
 USN14007AA18             BTL FINANCE BV - BLTAIJ 7.5 05/15/14                                               5                     5
 USG20768AA83             CENTRAL CHINA REAL ESTATE - CENCHI 12.25 15                                        5                     5
 XS0508012092             CHINA OVERSEAS FINANCE C - CHIOLI 5.5 20                                           3                     3
 USG2108YAA31             CHINA RESOURCES LAND - CHIBEI 4.625 16                                             3                     3
 USY1515QAB78             CHINA SOUTH CITY HOLDING - CSCHCN 13.5 16                                          5                     5
 XS0520490672             CITIC BK INTERNATIONAL - CINDBK 6.875 20                                           3                     3
 XS0611586263             CITIC PACIFIC LTD - CITPAC 6.625 21                                                4                     4
 XS0758793342             CITIC PACIFIC LIMITED - CITPAC6 7/8 01/18                                          4                     -
 USG21555AA88             CITIC RESOURCES FINANCE - CITIC 6.75 05/14                                         4                     4
 XS0445974388             CITIGROUP FUNDING INC - C 0.85 03/31/19                                            3                     3
 US172967EY38             CITIGROUP INC - C6.375 08/12/14                                                    3                     3
 XS0493535966             CLP POWER HK FINANCING - CHINLP 4.75 03/20                                         3                     3
 XS0635017196             CLP POWER HK FINANCING - CHINLP 4.75 21                                            3                     3
 XS0500330237             CMT MTN PTE LTD - CAPITA 4.321 15                                                  2                     2
 USG2353WAA92             CNOOC FINANCE 2011 LTD - CNOOC 4.25 21                                             2                     2
 USG21886AB53             CNOOC FINANCE 2011 LTD - CNOOC 5.5 33                                              3                     3
 USG2353WAB75             CNOOC FINANCE 2011 LTD - CNOOC 5.75 41                                             3                     3
 USG21895AA87             CNPC HK OVERSEAS CAPITAL - CNPCCH 3.125 16                                         2                     2
 USG21895AB60             CNPC HK OVERSEAS CAPITAL - CNPCCH 4.5 21                                           3                     3
 USG21895AC44             CNPC HK OVERSEAS CAPITAL - CNPCCH 5.95 41                                          3                     3
 XS0326818324             COASTAL GREENLAND LTD - CSTGR 12 11/08/12                                          5                     5
 USG24524AE37             COUNTRY GARDEN HLGD CO - COGARD 11.25 17                                           4                     4
 USG24524AD53             COUNTRY GARDEN HLGD CO - COGARD 11.75 14                                           4                     4
 XS0483583737             DAH SING BANK LTD - DAHSIN 6.625 20                                                3                     3
 XS0541403803             DBS BANK LTD - DBSSP 2.375 09/15                                                   1                     1
 XS0787130540             DIB SUKUK LTD - DIBUH 4.752 05/17                                                  3                     3
 USG3225AAA19             EVERGRANDE REAL ESTATE G - EVERRE 13 01/15                                         5                     5
 US302154AX70             EXPORT-IMPORT BANK KOREA - EIBKOR 4 21                                             3                     3
 US302154AV15             EXPORT-IMPORT BANK KOREA - EIBKOR 4.125 15                                         2                     2
 US302154AW97             EXPORT-IMPORT BANK KOREA - EIBKOR 5.125 20                                         3                     3

                                                                    Page 6 of 14
BONDS

This document is meant to be informative and for general purposes only. It merely expresses the views and opinions held by DBS based
on its current proprietary risk methodology and such views and risk methodology therein, are subject to change. DBS is not obliged to
reveal or provide details on their internal risk methodology.



This document sets out the product risk rating of each product and does not constitute an offer, invitation, recommendation or solicitation
of any action based upon it. Further, this document should not be viewed as identifying or suggesting all risks, direct or indirect, that may
be associated with any investment decision and you should therefore not rely solely on this document when making your investment
decision. This document does not take into account your individual needs, investment objectives and specific financial circumstances and
investors should read the relevant offering documents in respect of each product and/or obtain separate legal or financial advice regarding
the suitability of the product, having regard to their specific investment objectives, financial situation and particular needs before deciding
to subscribe for or purchase any product.


                                                                                                    Risk Rating as of     Risk Rating as of
      ISIN Code                                           Name
                                                                                                     31 August 2012         31 July 2012

 XS0485770670             FITA INTERNATIONAL LIMITED - NWDEVL 7 02/20                                        4                     4
 US40963MAC64             HANA BANK - HANABK 4 16                                                            2                     2
 US40963MAB81             HANA BANK - HANABK 4.5 15                                                          2                     2
 XS0745985878             HENDERSON LAND MTN LTD - HENLND4.75 02/17                                          4                     4
 XS0452319337             HENSON FINANCE LIMITED - HENLND 5.5 09/19                                          4                     4
 USY32358AA46             HKCG FINANCE - HKCGAS 6.25 18                                                      2                     3
 USY3422VCJ53             HKSAR GOVERNMENT - HK 5.125 14                                                     1                     1
 XS0176607306             HONG KONG AIRPORT AUTH - HKAA 5 13                                                 1                     1
 XS0602697772             HONG LEONG BANK BHD - HLBKMK 3.75 03/16                                            2                     2
 XS0565475505             HONGKONG ELECTRIC FINANCE - HKE 4.25 12/20                                         3                     3
 XS0546241075             HONGKONG LAND - HKLAND 4.5 25                                                      3                     3
 XS0191426807             HONGKONG LAND - HKLAND 5.5 04/14                                                   2                     2
 USG4600HAA98             HOPSON DEVELOPMENT HLDGS - HPDLF 8.125 11/12                                       5                     5
 USG4672CAB12             HUTCHISON WHAM INT 03/33 - HUWHY 6.25 01/14                                        2                     2
 USG4672QAA25             HUTCHISON WHAM INT 03/33 - HUWHY 6.5 02/13                                         2                     2
 USG4672CAC94             HUTCHISON WHAM INT 03/33 - HUWHY 7.45 11/13                                        3                     3
 USG46726AA63             HUTCHISON WHAM INT 09/16 - HUWHY 4.625 09/15                                       2                     2
 USG4671AAA81             HUTCHISON WHAM INT 09/19 - HUWHY 5.75 09/19                                        3                     3
 USG46715AB73             HUTCHISON WHAMPOA FIN - HYWHY 7.45 08/17                                           2                     2
 USG46715AC56             HUTCHISON WHAMPOA FIN - HYWHY 7.50 08/27                                           3                     3
 USY38168AA19             HYUNDAI CAPITAL AMERICA - HYNMTR 3.75 16                                           3                     3
 USY3815NAB74             HYUNDAI CAPITAL SERVICES - HYUCAP 6 05/05/15                                       3                     3
 USX3458MAA46             HYUNDAI MOTOR MANUFACTUR - HYNMTR 4.5 04/15                                        3                     3
 XS0563742138             ICBC ASIA LTD - ICBCAS 5.125 20                                                    3                     3
 USN44658AA58             INDO INTER ENER - INDIKA 9.75 11/16                                                5                     5
 XS0483222989             INDUSTRIAL BANK OF KOREA - INDKOR 4.375 08/15                                      2                     2
 US459058AR40             INTL BK RECON & DEVELOP - IBRD 2 3/8 05/15                                         1                     1
 US459056JS75             INTL BK RECON & DEVELOP - IBRD 8 1/4 09/16                                         1                     1
 USG52132AA85             KAISA GROUP HOLDINGS LTD - KAISAG 13.5 15                                          5                     5
 XS0498952679             KINGDOM OF BAHRAIN - BHRAIN5.5 03/20                                               3                     3
 US50065GAA94             KOREA ELECTRIC POWER - KORELE 5.5 07/14                                            2                     2
 US50065GAB77             KOREA ELETRIC POWER - KORELE 3 15                                                  2                     2
 US50065KAA07             KOREA EXPRESSWAY CORP - HIGHWY 4.5 03/15                                           2                     2
 US50065TAB98             KOREA FINANCE CORP - KOFCOR 3.25 09/16                                             2                     2
 US50066CAA71             KOREA GAS CORP - KORGAS 4.25 20                                                    3                     3
 USY48861BG52             KOREA GAS CORP - KORGAS 6 07/15/14                                                 2                     2
 USY4899GAQ65             KOREA HYDRO & NUCLEAR PO - KOHNPW 3.125 15                                         2                     2
 USY4899GAS22             KOREA HYDRO & NUCLEAR PO - KORELE 4.75 21                                          3                     3
 USY4899GAF01             KOREA HYDRO & NUCLEAR PO - KOHNPW 6.25 06/14                                       2                     2
 XS0448952001             KOREA LAND & HOUSING CO - KOLAHO 4.875 14                                          2                     2
 USY4923AAC00             KOREA LAND CORP - KOLAHO 5.75 05/14                                                2                     2
 US50065XAA28             KOREA NATIONAL OIL CORP - KOROIL 2.875 15                                          2                     2
 US50065XAC83             KOREA NATIONAL OIL CORP - KOROIL 3.125 04/17                                       2                     2
 USY48216AA69             KOREA NATIONAL OIL CORP - KOROIL 5.375 07/14                                       2                     2
 XS0507821584             KOREA RESOURCES CORP - KORESC 4.125 05/15                                          2                     2
 US500630BS61             KOREAN DEVELOPMENT BANK - KDB 3.25 16                                              2                     2
 XS0525717582             KOREAN EXCHANGE BANK - KEB 4.875 16                                                2                     2
 XS0295131980             LAIFUNG HOLDINGS LTD - LAIFNG 9.125 04/14                                          5                     5
 XS0507147725             LI & FUNG LTD - LIFUNG 5.25 05/20                                                  3                     3

                                                                    Page 7 of 14
BONDS

This document is meant to be informative and for general purposes only. It merely expresses the views and opinions held by DBS based
on its current proprietary risk methodology and such views and risk methodology therein, are subject to change. DBS is not obliged to
reveal or provide details on their internal risk methodology.



This document sets out the product risk rating of each product and does not constitute an offer, invitation, recommendation or solicitation
of any action based upon it. Further, this document should not be viewed as identifying or suggesting all risks, direct or indirect, that may
be associated with any investment decision and you should therefore not rely solely on this document when making your investment
decision. This document does not take into account your individual needs, investment objectives and specific financial circumstances and
investors should read the relevant offering documents in respect of each product and/or obtain separate legal or financial advice regarding
the suitability of the product, having regard to their specific investment objectives, financial situation and particular needs before deciding
to subscribe for or purchase any product.


                                                                                                    Risk Rating as of     Risk Rating as of
      ISIN Code                                           Name
                                                                                                     31 August 2012         31 July 2012

 XS0300694394             LI & FUNG LTD - LIFUNG 5.5 17                                                      2                     2
 USG56976AA44             LUMENA RESOURCES CORP - LUMENA 12 10/14                                            5                     5
 USY64268AA63             MALAYSIA SUKUK GLOBAL - MALAYS 3.928 15                                            2                     2
 US55608YAA38             MACQUARIE BANK LTD – MQGAU 6.625 04/21                                             3                     3
 US55608KAA34             MACQUARIE GROUP LTD - MQGAU 7.625 08/19                                            3                     3
 USG59301AA28             MCE FINANCE LTD - MPEL 10.25 05/18                                                 5                     5
 USG59606AA46             MEGA ADVANCE INVESTMENTS - BEIENT 5 21                                             3                     3
 USG59606AB29             MEGA ADVANCE INVESTMENTS - BEIENT 6.375 41                                         4                     4
 USJ45174AF61             MITSUI SUMITOMO INSURANCE - MSINS 7 VAR 03/72                                      3                     3
 US61747WAL37             MORGAN STANLEY - MS 5 1/2 07/28/21                                                 3                     -
 XS0184198157             MTR CORPORATION - MTRC 4.75 14                                                     1                     1
 US63243MAB28             NATIONAL AGRICULTURAL CO - NACF 4.25 01/16                                         2                     2
 USG6542TAE13             NOBLE GROUP LTD - NOBLSP 6.75 01/20                                                3                     3
 USG6542FAA96             NOBLE GROUP LTD - NOBLSP 4.875 15                                                  3                     3
 USG6542FAB79             NOBLE GROUP LTD - NOBLSP 6.625 20                                                  3                     3
 XS0531284080             OLAM INTERNATIONAL LTD - OLAMSP 7.5 08/20                                          4                     4
 XS0457559838             OPTUS FINANCE PTY LTD - STSP 4.625 10/19                                           3                     3
 XS0558774161             OVERSEA-CHINESE BANKING - OCBC 3.75 22                                             3                     3
 XS0466655890             OVERSEA-CHINESE BANKING - OCBCSP Var 19/14                                         3                     3
 USG68656AA87             PACNET LTD - PACNET 9.25 11/15                                                     5                     5
 XS0536564981             PCCQ-HKT CAITAL NO4 LTD - PCCW 4.25 16                                             3                     3
 US69319PAA30             PCCQ-HKT CAITAL NO3 LTD - PCCW 5.25 15                                             3                     3
 USY68856AH99             PETRONAS CAPITAL LTD - PETMK 5.25 08/19                                            3                     3
 USY68856AG17             PETRONAS GLOBAL SUKUK LT - PETMK 4.25 08/14                                        2                     2
 US71825PAD06             PHILIPPINE LONG DIST TEL - TELPM 8.35 03/17                                        3                     3
 USY70750AN78             POSCO - POHANG 4.25 20                                                             3                     3
 USY70750AR82             POSCO - POHANG 5.25 21                                                             3                     3
 XS0200561180             PRIME HOLDINGS LABUAN - GENTMK 5.375 14                                            3                     3
 XS0450933873             PSA INTERNATIONAL PTE LT - PSASP 4.625 09/19                                       2                     2
 XS0531622404             PSA INTERNATIONAL PTE LTD - PSASP 3.875 21                                         2                     2
 USY70902AA21             PT ADARO INDONES - ADROIJ 7.625 19-14                                              4                     4
 USU75888AA26             RELIANCE HOLDINDS USA - RILIN 4.5 20                                               3                     3
 USG75004AA24             RENHE COMMERCIAL HLDS CO - RNHEF 11.75 05/15                                       5                     5
 USY20721AQ27             INDONESIA (REP) - INDON 5.875 03/20                                                4                     4
 XS0300020913             ROAD KING INFRAST (2007) - ROADKG 7.625 05/14                                      5                     4
 XS0543109788             ROYAL BK OF SCOTLAND PLC – RBS 2.5 VAR 09/23/15                                    2                     2
 US78010XAE13             ROYAL BK OF SCOTLAND PLC - RBS5.625 08/24/20                                       3                     3
 XS0753308559             ROYAL BK OF SCOTLAND PLC - RBS Var 03/22/17                                        4                     4
 US780097AL55             ROYAL BK SCOTLND GRP PLC - RBS 5 10/01/14                                          4                     4
 XS0504954347             RUSSIA FOREIGN BOND - RUSSIA5 04/29/20                                             3                     3
 USG6419EAB05             NEO-CHINA GROUP - NECHIN9.75 07/14                                                 5                     5
 XS0767049371             SHENZHEN INTL HLDG - SZIHL 4.375 04/17                                             3                     3
 US82454XAB29             SHIMAO PPTY HLDNG LTD - SHIMAO12/01/16                                             5                     5
 USY77488AB35             SHINHAN BANK - SHNHAN 4.125 16                                                     2                     2
 US82460EAA82             SHINHAN BANK - SHNHAN 4.375 09/15                                                  2                     2
 XS0626018922             SIAM COMMERCIAL BANK - SCBTB 3.9 16                                                3                     3
 XS0504998393             SIGMA CAPITAL - LPKRIJ 9 4/15                                                      5                     5
 XS0600103401             SINGTEL GROUP TREASURY - STSP 4.5 09/21                                            3                     3
 USG8185TAA72             SINOCHEM OVERSEAS CAPITA - SINOCH 4.5 11/20                                        3                     3

                                                                    Page 8 of 14
BONDS

This document is meant to be informative and for general purposes only. It merely expresses the views and opinions held by DBS based
on its current proprietary risk methodology and such views and risk methodology therein, are subject to change. DBS is not obliged to
reveal or provide details on their internal risk methodology.



This document sets out the product risk rating of each product and does not constitute an offer, invitation, recommendation or solicitation
of any action based upon it. Further, this document should not be viewed as identifying or suggesting all risks, direct or indirect, that may
be associated with any investment decision and you should therefore not rely solely on this document when making your investment
decision. This document does not take into account your individual needs, investment objectives and specific financial circumstances and
investors should read the relevant offering documents in respect of each product and/or obtain separate legal or financial advice regarding
the suitability of the product, having regard to their specific investment objectives, financial situation and particular needs before deciding
to subscribe for or purchase any product.


                                                                                                    Risk Rating as of     Risk Rating as of
      ISIN Code                                           Name
                                                                                                     31 August 2012         31 July 2012

 USG8185TAB55             SINOCHEM OVERSEAS CAPITA - SINOCH 6.3 40                                           4                     4
 USC83912AC67             SINO-FOREST CORP - TRECN 10.25 07/14                                               5                     5
 XS0251314364             SRE GROUP LTD - SHANG 8.625 04/13                                                  5                     5
 XS0440041191             ST ENGINEERING FIN 1 LTD - STESP 4.8 07/19                                         2                     2
 XS0520042416             STANDARD CHARTERED BK HK - STANLN 5.875 20                                         3                     3
 XS0505252956             STANDARD CHARTERED PLC - STANLN3.85 04/15                                          2                     2
 XS0803659340             STANDARD CHARTERED PLC - STANLN Var 07/22                                          3                     3
 USU85528AB04             STATE BANK INDIA LONDON - SBIIN 4 1/8 08/17                                        3                     -
 XS0681928114             SUN HUNG KAI PROP (CAP) - SUNHUN 3.5 16                                            2                     2
 XS0554846781             SUN HUNG KAI PROP (CAP) - SUNHUN 4 20                                              3                     3
 XS0744757526             SUN HUNG KAI PROP (CAP) - SUNHUN 4.5 22                                            3                     3
 XS0290534212             SUN HUNG KAI PROP (CAP) - SUNHUN 5.375 17                                          2                     2
 XS0446665886             SWIRE PACIFIC MTN FIN - SWIRE 5.5 08/19                                            3                     3
 XS0247747081             SWIRE PACIFIC MTN FIN - SWIRE 5.625 16                                             2                     2
 XS0359089512             SWIRE PACIFIC MTN FIN - SWIRE 6.25 18                                              2                     2
 XS0794206465             SWIRE PROPERTIES FIN LTD - SWIPRO 4.625 06/18/22                                   3                     3
 US87973RAD26             TEMASEK FINANCIAL I LTD - TEMASE 3.375 07/42                                       3                     -
 US87973RAA86             TEMASEK FINANCIAL I LTD - TEMASE 4.3 10/19                                         2                     2
 USY31939AC85             TRUE MOVE CO LTD - TRUETB 10.375 14                                                5                     5
 USY31939AA20             TRUE MOVE CO LTD - TRUETB 10.75 13                                                 5                     5
 USY9244WAF69             UNITED OVERSEAS BANK LTD - UOBSP 4.5 07/13                                         3                     3
 USY9244WAW92             UNITED OVERSEAS BANK LTD - UOBSP 5.375 19-14                                       3                     3
 XS0493253396             VEDANTA RESOURCES PLC - VEDLN 4 03/17-13                                           4                     4
 USY9485PAA04             WAKALA GLOBAL SUKUK BHD - MALAYS 2.991 16                                          2                     2
 USY9485PAB86             WAKALA GLOBAL SUKUK BHD - MALAYS 4.646 21                                          3                     3
 XS0329230469             WHARF FINANCE LTD - WHARF 6.125 17                                                 4                     4
 XS0748361192             WHEELOCK FINANCE - WHEELK 4.75 17                                                  4                     4
 US98105GAF90             WOORI BANK - WOORIB 4.5 10/15                                                      2                     2
 US98105GAG73             WOORI BANK - WOORIB 4.75 01/16                                                     2                     2
 US98105GAE26             WOORI BANK - WOORIB 7 02/0215                                                      2                     2
 USY9729AAC54             YANLORD LAND GROUP LTD - YLLG 9.5 05/17                                            5                     5
 USY9729AAD38             YANLORD LAND GROUP LTD - YLLG10.625 03/18                                          5                     5
 XS0778476340             AVIVA PLC - AVLN 8.25 49-17                                                        4                     4
 XS0462883603             BANK OF EAST ASIA LTD - BNKEA 8.5 VAR 11/49                                        4                     4
 XS0294208235             BANK OF INDIA - BOIIN 6.994 VAR 03/49                                              4                     4
 XS0622491701             CHINA RESOURCES POWER - RESOUR 7.25 VAR 05/49                                      4                     4
 XS0612337500             CITIC PACIFIC LTD - CITPAC 7.875 49                                                4                     4
 XS0531067659             CREDIT SUISSE - CS 7.875 06/49/15                                                  4                     4
 USJ09748AB01             DAI-ICHI MUTUAL LIFE - DAIL 7.25 VAR 12/49                                         4                     4
 XS0267389384             DEV BANK PHILIPPINES - DEVPHI 8.375 Var 09/49                                      4                     4
 XS0165483164             HBOS CAPITAL FUNDING LP - LLOYDS 6.85 03/49                                        4                     4
 USG4672JAA81             HUTCH WHAMPOA INT 10 LTD - HUWHY 6 49-15                                           4                     4
 XS0270856106             KRUNG THAI BANK PCL - KTB 7.378 Var 10/29/49                                       5                     5
 XS0243820791             METROPOLITAN BANK & TRST - MBTPM 9 VAR 49-16                                       5                     5
 XS0552553850             NOBLE GROUP LTD - NOBLSP 8.5 11/49                                                 4                     4
 XS0543477821             PHBS LTD - CKINF 6.625 09/49                                                       3                     3
 XS0170488992             PRUDENTIAL PLC - PRUFIN 6.5 06/49                                                  4                     4
 XS0580467875             PRUDENTIAL PLC - PRUFIN 7.75 49-16                                                 4                     4
 XS0439094524             PRUDENTIAL PLC - PRUFIN 11.75 Var 49-14                                            4                     4

                                                                    Page 9 of 14
BONDS

This document is meant to be informative and for general purposes only. It merely expresses the views and opinions held by DBS based
on its current proprietary risk methodology and such views and risk methodology therein, are subject to change. DBS is not obliged to
reveal or provide details on their internal risk methodology.



This document sets out the product risk rating of each product and does not constitute an offer, invitation, recommendation or solicitation
of any action based upon it. Further, this document should not be viewed as identifying or suggesting all risks, direct or indirect, that may
be associated with any investment decision and you should therefore not rely solely on this document when making your investment
decision. This document does not take into account your individual needs, investment objectives and specific financial circumstances and
investors should read the relevant offering documents in respect of each product and/or obtain separate legal or financial advice regarding
the suitability of the product, having regard to their specific investment objectives, financial situation and particular needs before deciding
to subscribe for or purchase any product.


                                                                                                    Risk Rating as of     Risk Rating as of
      ISIN Code                                           Name
                                                                                                     31 August 2012         31 July 2012

 XS0703303262             RABOBANK NEDERLAND - RABOBK 8.4 VAR 49-17                                          5                     5
 XS0272049619             RIZAL COMMERCIAL BANKING - RCBPM 9.875 VAR 10/49                                   5                     5
 XS0347919457             STANDARD CHARTERED BANK - STANLN 9.5 VAR 49-14                                     3                     3
 XS0365481935             STANDARD CHARTERED PLC - STANLN 8.125 49-13                                        4                     4
 USG84228AT58             STANDARD CHARTERED PLC - STANLN 6.409 VAR 12/49                                    4                     4
 XS0422753953             ABU DHABI GOVT INT'L - ADGB 5.5 04/14                                              1                     1
 XS0422754258             ABU DHABI GOVT INT'L - ADGB 6.75 04/19                                             2                     2
 XS0430234897             ATLANTIC FINANCE LTD - ALDAR 8.75 05/14                                            5                     5
 US05463EAA64             AXIS BANK LIMITED - AXSBIN 4.75 5/16                                               3                     3
 XS0264045419             AXIS BANK LIMITED - AXSBIN VAR 08/21                                               4                     4
 XS0463466028             AXIS BANK/DUBAI - AXSBIN 5.25 09/15                                                3                     3
 US05463EAB48             AXIS BANK/DUBAI - AXSBIN 5.125 09/17                                               3                     3
 XS0308100667             AXIS BANK/SINGAPORE - AXSBIN 7.125 Var 06/22                                       4                     4
 XS0521476118             BAHRAIN MUMTALAKAT HLDNG - MUMTAK 5 06/15                                          3                     3
 XS0483734298             BANK OF BARODA/LONDON - BOBIN 4.75 10/15                                           3                     3
 XS0594008517             BANK OF BARODA/LONDON - BOBIN 5 08/24/16                                           3                     3
 XS0301888615             BANK OF BARODA/LONDON - BOBIN VAR 05/22                                            4                     4
 XS0592238876             BANK OF INDIA - BOIIN 6.25 21                                                      3                     3
 XS0498932721             BANK OF INDIA LONDON - BOIIN 4.75 09/15                                            3                     3
 XS0268226536             BANK OF INDIA LONDON - BOIIN VAR 09/21                                             4                     4
 XS0620623636             BHIRA INVESTMENTS LTD - TPWRIN 8.5 VAR 04/71                                       4                     4
 XS0595649608             CANARA BANK LONDON - CANARA 5.125 16                                               3                     3
 XS0276148847             CANARA BANK - CANARA VAR 11/21                                                     4                     4
 XS0466365110             CBQ FINANCE LTD - COMQAT 5 11/14                                                   2                     2
 XS0466365383             CBQ FINANCE LTD - COMQAT 7.5 11/19                                                 3                     3
 USY2023JAR15             DBS BANK LTD - DBSSP 5 VAR 11/19                                                   3                     3
 USY2023JAV27             DBS BANK LTD - DBSSP FLOAT 07/21                                                   3                     3
 XS0504040725             DUBAI ELECTRICITY & WATE - DEWAAE 8.5 04/15                                        4                     4
 XS0551313926             DUBAI ELECTRICITY & WATE - DEWAAE 6.375 10/16                                      4                     4
 XS0551313686             DUBAI ELECTRICITY & WATE - DEWAAE 7.375 10/20                                      4                     4
 XS0546426528             DUBAI GOVT INT'L BONDS - DUGB 6.7 10/15                                            5                     5
 XS0546428144             DUBAI GOVT INT'L BONDS - DUGB 7.75 10/20                                           5                     5
 US302154AT68             EXPORT-IMPORT BANK KOREA - EIBKOR 8.125 01/14                                      2                     2
 XS0482911129             EXPORT-IMPORT BANK INDIA - EXIMBK 4.375 02/15                                      3                     3
 XS0455479492             EXPORT-IMPORT BANK INDIA - EXIMBK 5.5 09/14                                        3                     3
 XS0503524711             EXPORT-IMPORT BANK INDIA - EXIMBK 4.4 04/15                                        3                     3
 USG4672UAA37             HUTCHISON WHAM INT 09 LTD - HUWHY 7.625 04/19                                      3                     3
 XS0530173987             IDBI BANK DIFC - IDBI 4.75 16                                                      3                     3
 USY3860XAB92             ICICI BANK LIMITED - ICICI 5 01/16                                                 3                     3
 USM5314BAE13             ICICI BANK LIMITED - ICICI 5.5 03/15                                               3                     3
 USY3860XAC75             ICICI BANK LIMITED - ICICI 5.75 20                                                 3                     3
 USM5314BAC56             ICICI BANK LIMITED - ICICI 6.625 10/12                                             3                     3
 USY38575DE68             ICICI BANK LIMITED - ICICI VAR 04/22                                               4                     4
 US45112FAB22             ICICI BANK LIMITED/ DUBAI - ICICI 4.75 16                                          3                     3
 XS0561859926             ICICI BANK UK PLC - ICICI 7 11/20                                                  4                     4
 XS0375492237             ICICI BANK UK PLC - ICICI 8 Var 07/18                                              4                     4
 XS0480289189             INDIAN OIL CORP LTD - IOCLIN 4.75 01/15                                            3                     3
 XS0654493823             INDIAN OIL CORP LTD - IOCLIN 5.625 08/21                                           3                     4
 XS0615783239             INDIAN OVERSEAS BANK/HK - IOBIN 5 16                                               3                     3

                                                                    Page 10 of 14
BONDS

This document is meant to be informative and for general purposes only. It merely expresses the views and opinions held by DBS based
on its current proprietary risk methodology and such views and risk methodology therein, are subject to change. DBS is not obliged to
reveal or provide details on their internal risk methodology.



This document sets out the product risk rating of each product and does not constitute an offer, invitation, recommendation or solicitation
of any action based upon it. Further, this document should not be viewed as identifying or suggesting all risks, direct or indirect, that may
be associated with any investment decision and you should therefore not rely solely on this document when making your investment
decision. This document does not take into account your individual needs, investment objectives and specific financial circumstances and
investors should read the relevant offering documents in respect of each product and/or obtain separate legal or financial advice regarding
the suitability of the product, having regard to their specific investment objectives, financial situation and particular needs before deciding
to subscribe for or purchase any product.


                                                                                                    Risk Rating as of     Risk Rating as of
      ISIN Code                                           Name
                                                                                                     31 August 2012         31 July 2012

 XS0602696618             INDIAN RAILWAY FINANCE C - INRCIN 4.406 03/16                                      3                     3
 USY3994MAN66             INDUSTRIAL BANK OF KOREA - INDKOR 7.125 04/14                                      2                     2
 USY4822WCR98             KOOKMIN BANK - CITNAT 7.25 05/14                                                   1                     1
 US500630BQ06             KOREA DEVELOPMENT BANK - KDB 8 01/14                                               2                     2
 US50074KAA97             KOWLOON-CANTON RAILWAY - KCRC 5.125 05/19                                          2                     2
 XS0426993571             MDC-GMTN B.V. - MUBAUH 7.625 05/19                                                 2                     2
 XS0648477593             NTPC LIMITED - NTPCIN 5.625 21                                                     3                     3
 XS0245398226             NTPC LIMITED - NTPCIN 5.875 03/16                                                  3                     3
 USY70750AL13             POSCO - POHANG 8.75 14                                                             2                     2
 USY7083VAB54             POWER SECTOR ASSETS & LI - PSALM 7.25 05/19                                        4                     4
 XS0527351570             QATARI DIAR FINANCE QSC - QATDIA 3.5 07/15                                         1                     1
 XS0527351653             QATARI DIAR FINANCE QSC - QATDIA 5 07/20                                           2                     2
 XS0432791498             QTEL INTERNATIONAL FIN - QTELQD 6.5 06/14                                          2                     2
 XS0432791571             QTEL INTERNATIONAL FIN - QTELQD 7.875 06/19                                        3                     3
 USU75888AC81             RELIANCE HOLDINGS USA - RILIN 5.4 02/22                                            4                     4
 USU75888AB09             RELIANCE HOLDINGS USA - RILIN 6.25 10/40                                           4                     4
 XS0579361428             RURAL ELECTRIFICATION - RELECL 4.25 16                                             3                     3
 USY81636AA39             STATE BANK OF INDIA - SBIIN 4.5 15%                                                3                     3
 XS0458057352             STATE BANK OF INDIA LDN - SBIIN 4.5 14                                             3                     3
 XS0422945518             STATE OF QATAR - QATAR 5.15 04/14                                                  1                     1
 XS0113419690             STATE OF QATAR - QATAR 9.75 06/30                                                  3                     3
 XS0620328392             SYNDICATE BANK - SNDBIN 4.75 16                                                    3                     3
 XS0328391429             TAQA ABU DHABI NATL ENER - TAQAUH 5.62 10/12                                       2                     2
 XS0380055888             TAQA ABU DHABI NATL ENER - TAQAUH 6.6 08/13                                        2                     2
 XS0272947150             TAQA ABU DHABI NATL ENER - TAQAUH 4.375 10/13                                      2                     2
 XS0272948554             TAQA ABU DHABI NATL ENER - TAQAUH 5.875 10/16                                      2                     2
 XS0328390702             TAQA ABU DHABI NATL ENER - TAQAUH 6.165 10/17                                      2                     2
 XS0380056183             TAQA ABU DHABI NATL ENER - TAQAUH 7.25 08/18                                       2                     3
 XS0272949016             TAQA ABU DHABI NATL ENER - TAQAUH 6.5 10/36                                        3                     3
 USY85479AB21             TATA POWER CO - TPWRIN 8.5 08/17                                                   5                     5
 XS0543783194             UKRAINE GOVERNMENT - UKRAIN 7.75 09/20                                             5                     5
 XS0502133159             UNION BANK OF INDIA - UNBKIN 4.625 16                                              3                     3
 USG9328DAG54             VEDANTA RESOURCES PLC - VEDLN 8.25 06/21                                           4                     4
 USG9328DAE07             VEDANTA RESOURCES PLC - VEDLN 8.75 01/14                                           4                     4
 USG9328DAD24             VEDANTA RESOURCES PLC - VEDLN 9.5 07/18                                            4                     4
 USG9328DAF71             VEDANTA RESOURCES PLC - VEDLN 6.75 06/16                                           4                     4
 XS0274732295             AXIS BANK LIMITED - AXSBIN 7.167 Var 11/49                                         4                     4
 USN08328AA95             BALLARPUR INTL GRAPIC PA - BILTIN 9.75 VAR 08/49                                   4                     4
 XS0277382650             ICICI BANK UK PLC - ICICI 6.375 VAR 12/49                                          4                     4
 XS0287244627             STATE BANK OF INDIA - SBIIN 6.439 VAR 11/49                                        4                     4
 XS0307996586             STATE BANK OF INDIA - SBIIN 7.14 VAR 06/49                                         4                     4
 AUD
 AU0000ANZHA6             AUST & NZ BANKING GROUP - ANZ FLOAT 06/22                                          3                     3
 AU300TB01224             AUSTRALIAN GOVT - ACGB 5.25 03/19                                                  2                     2
 XS0732506760             BMW FINANCE NV - BMW5.5 7/20/15                                                    2                     2
 XS0456453470             BMW FINANCE NV - BMW7 1/4 10/09/13                                                 2                     2
 AU3CB0156594             BNP PARIBAS AUSTRALIA - BNP 6 08/13                                                2                     2
 AU3CB0145241             BNP PARIBAS AUSTRALIA - BNP 6.75 03/18/15                                          2                     2
 AU3CB0017036             CITIGROUP INC - C 6.5 02/17                                                        3                     3

                                                                    Page 11 of 14
BONDS

This document is meant to be informative and for general purposes only. It merely expresses the views and opinions held by DBS based
on its current proprietary risk methodology and such views and risk methodology therein, are subject to change. DBS is not obliged to
reveal or provide details on their internal risk methodology.



This document sets out the product risk rating of each product and does not constitute an offer, invitation, recommendation or solicitation
of any action based upon it. Further, this document should not be viewed as identifying or suggesting all risks, direct or indirect, that may
be associated with any investment decision and you should therefore not rely solely on this document when making your investment
decision. This document does not take into account your individual needs, investment objectives and specific financial circumstances and
investors should read the relevant offering documents in respect of each product and/or obtain separate legal or financial advice regarding
the suitability of the product, having regard to their specific investment objectives, financial situation and particular needs before deciding
to subscribe for or purchase any product.


                                                                                                    Risk Rating as of     Risk Rating as of
      ISIN Code                                           Name
                                                                                                     31 August 2012         31 July 2012

 XS0790004344             GE CAP AUSTRALIA FUNDING - GE 4.75 06/14/16                                        2                     2
 AU3CB0175800             GOLDMAN SACHS GRP INC - GS 7.75 16                                                 2                     2
 AU3FN0012993             HSBC BANK AUSTRALIA - HSBC 0 14                                                    2                     2
 AU3CB0144525             HSBC BANK PLC - HSBC 6.75 03/15                                                    1                     1
 AU3CB0157592             HSBC LTD, SYDNEY BRANCH - HSBC 5.75 13                                             1                     1
 AU3CB0190916             INTL BK RECON & DEVELOP - IBRD 4.5 03/17                                           1                     1
 AU3CB0144442             JPMORGAN CHASE & CO - JPM 6.75 03/11/15                                            2                     2
 AU3CB0172179             JPMORGAN CHASE & CO - JPM 7 03/16/16                                               2                     2
 AU3CB0131050             KIWIBANK LTD - KIWI 6.25 10/14                                                     1                     1
 AU3CB0173342             LLOYDS TSB BANK PLC - LLOYDS 7.50 10/14                                            2                     2
 AU3CB0187201             LLOYDS TSB BANK PLC - LLOYDS 13 VAR 21-16                                          4                     4
 XS0780192802             MORGAN STANLEY - MS 8 05/09/17                                                     2                     2
 XS0549367455             MORGAN STANLEY - MS 7.5 10/15/20                                                   3                     3
 AU3CB0146157             NATIONAL AUSTRALIA BANK - NAB6.25 04/01/13                                         1                     1
 AU3CB0127405             NATIONAL AUSTRALIA BANK - NAB6.75 09/16/14                                         1                     1
 XS0761804664             NESTLE FINANCE INTL LTD - NESNVX 4.625 03/17                                       1                     1
 AU0000PONHA8             ONTARIO (PROVINCE OF) - ONT 6 11/30/16                                             1                     1
 AU0000XQLQN5             QUEENSLAND TREASURY CORP - QTC 6 04/21/16                                          1                     1
 AU3CB0118578             RABOBANK NEDERLAND(AUST) – RABOBK6.75 07/14                                        1                     1
 XS0527953110             RABOBANK NEDERLAND(AUST) – RABOBK 5.75 07/14                                       1                     1
 AU3CB0158095             ROYAL BANK OF SCOTLAND/AU - RBS7.25 08/13                                          2                     2
 AU3CB0191294             ROYAL BANK OF SCOTLAND PLC - RBS 13.125 VAR 03/22-17                               4                     4
 AU3CB0145696             SPI ELECTRICITY & GAS - SPNAU 7.5 09/17                                            2                     2
 XS0532191284             TOTAL CAPITAL SA - TOTAL 5.75 08/14                                                1                     1
 AU3CB0157824             UBS AG AUSTRALIA - UBS 6.25 13                                                     2                     2
 AU3FN0013108             UNITED OVERSEAS BANK/AUS - UOBSP 0 14                                              1                     1
 AU000WBCHAO0             WESTPAC BANKING CORP – WSTP 6.25 04/13                                             1                     1
 AU000WBCHAJ0             WESTPAC BANKING CORP – WSTP 7 08/14                                                1                     1
 AU0000WBCHA4             WESTPAC BANKING CORP – WSTP FLOAT 08/22                                            3                     3
 AU0000AXJHA9             AXA SA - AXASA Float 12/49                                                         4                     4
 EUR
 DE000A1KQ177             ALBA GROUP PLC & CO KG - ALBALN 8 05/18-17                                         5                     5
 XS0177448015             AVIVA PLC - AVLN Var 23-13                                                         4                     4
 XS0191752434             BANK OF AMERICA CORP - BAC 4.75 VAR 05/06/19                                       3                     3
 XS0542174395             BANQUE PSA FINANCE - PEUGOT 3.5 01/14                                              3                     3
 XS0429325748             BARCLAY BANKS PLC - BACR 10 21                                                     3                     3
 XS0495946310             BARCLAY BANKS PLC - BACR 3.5 03/15                                                 2                     2
 XS0225369403             BAYER AG - BAYNGR Var 05-15                                                        4                     4
 XS0288320798             BHP BILLITON FINANCE - BHP 4.375 02/26/14                                          2                     2
 DE0001030518             BUNDESOBLIGATION I/L - OBLI 2.25 04/13                                             1                     1
 XS0180032103             CITIGROUP INC - C 4.75 11/12/13                                                    3                     3
 XS0457145430             DEUTSCHE BAHN FINANCE BV - DBB 3.625 10/16/17                                      2                     2
 XS0554975325             DEUTSCHE BAHN FINANCE BV - DBB 3.375 11/04/22                                      2                     2
 XS0210318795             DEUTSCHE TELEKOM INT FIN - DT 4 01/19/15                                           3                     3
 XS0431772572             DEUTSCHE TELEKOM INT FIN - DT 4.375 06/02/14                                       3                     3
 XS0499156080             GEN DE CATALUNYA - GENCAT3.875 04/15                                               4                     4
 XS0270776411             GLENCORE FINANCE EUROPE - GLEIN 5.25 10/13                                         3                     3
 XS0300096491             GOLDMAN SACHS GROUP INC – GS 6.125 17                                              3                     3
 XS0458230082             HEIDELBERGCEMENT FINANCE - HEIGR 7.5 10/14                                         4                     4

                                                                    Page 12 of 14
BONDS

This document is meant to be informative and for general purposes only. It merely expresses the views and opinions held by DBS based
on its current proprietary risk methodology and such views and risk methodology therein, are subject to change. DBS is not obliged to
reveal or provide details on their internal risk methodology.



This document sets out the product risk rating of each product and does not constitute an offer, invitation, recommendation or solicitation
of any action based upon it. Further, this document should not be viewed as identifying or suggesting all risks, direct or indirect, that may
be associated with any investment decision and you should therefore not rely solely on this document when making your investment
decision. This document does not take into account your individual needs, investment objectives and specific financial circumstances and
investors should read the relevant offering documents in respect of each product and/or obtain separate legal or financial advice regarding
the suitability of the product, having regard to their specific investment objectives, financial situation and particular needs before deciding
to subscribe for or purchase any product.


                                                                                                    Risk Rating as of     Risk Rating as of
      ISIN Code                                           Name
                                                                                                     31 August 2012         31 July 2012

 XS0478802548             HEIDELBERGCEMENT FINANCE - HEIGR 6.5 08/15                                         4                     4
 XS0250306643             ING GROEP NV - 4.125 04/16                                                         2                     2
 XS0301885603             JP MORGAN CHASE BANK - JPM 4.625 VAR 05/31/17                                      2                     2
 NL0009331461             NEDERLANDS GOVERNMENT- NETHER1.75 01/13                                            1                     1
 NL0000102325             NEDERLANDS GOVERNMENT- NETHER3.75 07/14                                            1                     1
 NL0000102689             NEDERLANDS GOVERNMENT- NETHER4.25 07/13                                            1                     1
 XS0162831001             NORDIC INVESTMENT BANK - NIBO 0.5 02/27/13                                         1                     1
 XS0173549659             OTE PLC - HTOGA 5 08/05/13                                                         5                     5
 FR0010871376             PERNOD-RICARD SA - RIFP 4.875 03/16                                                3                     3
 FR0010916734             RENAULT S.A. - RENAUL 5.625 06/15                                                  4                     4
 XS0128842571             ROYAL BK OF SCOTLAND PLC – RBS 6 05/10/13                                          4                     4
 XS0167127447             ROYAL BK OF SCOTLAND PLC – RBS 4.875 04/22/15                                      4                     4
 XS0496481200             ROYAL BK OF SCOTLAND PLC – RBS 5.5 03/23/20                                        3                     3
 XS0526338693             ROYAL BK OF SCOTLAND PLC – RBS 4.875 07/15/15                                      2                     2
 XS0541340021             SANTANDER INTL - SANTAN2.875 09/13                                                 3                     3
 XS0563463842             STATE BANK INDIA LONDON - SBIIN 4.5 11/15                                          3                     3
 XS0482656005             VOLKSWAGEN INTL FIN NV - VW 3.375 07/28/14                                         2                     2
 XS0470518605             VOLKSWAGEN INTL FIN NV - VW 3.5 02/02/15                                           2                     2
 XS0201168894             ZURICH FINANCE USA INC - ZURNVX 4.5 09/14                                          2                     2
 DE000A0TU305             DB CONT CAP TRUST IV - DB 8 05/29/49-18                                            4                     4
 DE000A0G4X39             WIENERBERGER AG - WIEAV Var 12/49                                                  5                     -
 CNH
 XS0825401994             ABN AMRO BANK NV - ABNANV3 1/2 09/14                                               2                     -
 HK0000094943             BAOSTEEL GROUP - SBSG 3.125 13                                                     2                     2
 HK0000094950             BAOSTEEL GROUP - SBSG 3.5 14                                                       2                     2
 HK0000094968             BAOSTEEL GROUP - SBSG 4.375 16                                                     2                     2
 HK0000069275             BANK OF CHINA - BCHINA 2.65 12                                                     2                     2
 HK0000069283             BANK OF CHINA - BCHINA 2.9 13                                                      2                     2
 HK0000086279             BP CAPITAL PLC - BPLN1.7 09/15/14                                                  2                     2
 HK0000073012             CATEPILLAR FINANCIAL SE - CAT 2 12                                                 2                     2
 EI3945405                CHINA DEVELOPMENT BANK - SDBC 2.1 12                                               1                     1
 HK0000072436             CHINA DEVELOPMENT BANK - SDBC 2.7 13                                               1                     1
 HK0000086600             CHINA GOVERNMENT BOND - CGB 0.6 14                                                 1                     1
 HK0000072980             CHINA GOVERNMENT BOND - CGB 1 13                                                   1                     1
 HK0000086618             CHINA GOVERNMENT BOND - CGB 1.4 16                                                 1                     1
 HK0000073178             CHINA GOVERNMENT BOND - CGB 1.6 12                                                 1                     1
 HK0000087137             CHINA GOVERNMENT BOND - CGB 1.6 13                                                 1                     1
 HK0000072998             CHINA GOVERNMENT BOND - CGB 1.8 15                                                 1                     1
 HK0000073004             CHINA GOVERNMENT BOND - CGB 2.48 20                                                2                     2
 HK0000079597             CHINA GOVERNMENT BOND - CGB 2.7 12                                                 1                     1
 HK0000083656             CHINA GOVERNMENT BOND - CGB 3.3 14                                                 1                     1
 HK0000072485             CHINA RESOURCES POWER HL - RESOUR 2.9 13                                           3                     3
 HK0000072493             CHINA RESOURCES POWER HL - RESOUR 3.75 15                                          3                     3
 HK0000091105             CNPC GOLDEN AUTUMN LTD - CNPCCH 2.55 13                                            2                     2
 HK0000091113             CNPC GOLDEN AUTUMN LTD - CNPCCH 2.95 14                                            2                     2
 HK0000073145             EXPORT IMPORT BANK CHINA - EXIMCH 1.95 12                                          1                     1
 HK0000073137             EXPORT IMPORT BANK CHINA - EXIMCH 2.65 13                                          1                     1
 XS0576382229             EVERGRANDE REAL ESTATE GP LTD - EVERRE7.5 14                                       5                     5
 XS0576382492             EVERGRANDE REAL ESTATE GP LTD - EVERRE9.25 16                                      5                     5

                                                                    Page 13 of 14
BONDS

This document is meant to be informative and for general purposes only. It merely expresses the views and opinions held by DBS based
on its current proprietary risk methodology and such views and risk methodology therein, are subject to change. DBS is not obliged to
reveal or provide details on their internal risk methodology.



This document sets out the product risk rating of each product and does not constitute an offer, invitation, recommendation or solicitation
of any action based upon it. Further, this document should not be viewed as identifying or suggesting all risks, direct or indirect, that may
be associated with any investment decision and you should therefore not rely solely on this document when making your investment
decision. This document does not take into account your individual needs, investment objectives and specific financial circumstances and
investors should read the relevant offering documents in respect of each product and/or obtain separate legal or financial advice regarding
the suitability of the product, having regard to their specific investment objectives, financial situation and particular needs before deciding
to subscribe for or purchase any product.


                                                                                                    Risk Rating as of     Risk Rating as of
      ISIN Code                                           Name
                                                                                                     31 August 2012         31 July 2012

 XS0638749654             FONTERRA COOP - FCGNZ 1.1 14                                                       2                     2
 HK0000078540             HKCG FINANCE LTD - HKCGAS 1.4 16                                                   2                     2
 EI5511379                INTL FINANCE CORP - IFC 1.8 16                                                     1                     1
 XS0592597099             LDK SOLAR CO LTD - LDK 10 02/28                                                    5                     5
 HK0000081007             L-BANK BW FOERDERBANK - LBANK 1.65 16                                              1                     1
 EI3826506                MCDONALD'S CORP - MCD 3 13                                                         2                     2
 XS0612888130             MITSUBISHI UFJ LEASING & FIN - DIALEA 1.65 13                                      2                     2
 HK0000108776             NEW WORLD CHINA LAND - NEWWOR 8.5 04/15                                            4                     4
 HK0000077922             ORIX CORP - ORIX 2 14                                                              2                     2
 XS0710323451             ORIX CORP - ORIX 4 14                                                              2                     2
 BMG6845BAA28             PACIFIC ANDES RES DEV - PAHSP 6.5 14                                               4                     4
 HK0000081791             RIGHT CENTURY LTD - CHKZHK 1.85 14                                                 5                     5
 HK0000076742             ROAD KING INFRASTRUCTURE - ROADKG 6 14                                             5                     4
 HK0000084563             SILVERY CASTLE LTD - NWDEVL 2.75 14                                                4                     4
 HK0000078649             SINGAMAS CONTAINER HLDGS - SINCON 4.75 14                                          4                     4
 HK0000075025             SINOCHEM OFFSHORE CAPITA - SINOCH 1.8 14                                           3                     3
 HK0000071511             SINOTRUK HONGKONG LTD - CNHTC 2.95 12                                              4                     4
 HK0000078201             UNILEVER NV - UNANA 1.15 14                                                        2                     2
 HK0000082278             VALUE SUCCESS INTERNATIONAL - PINGIN 2.075 14                                      5                     5
 XS0628622622             VOLKSWAGEN INTL FIN NV - VW 2.15 16                                                2                     2
 GBP
 XS0138717441             AVIVA PLC - AVLN VAR 11/36                                                         4                     4
 XS0212249014             GOLDMAN SACHS GROUP INC - GS 5.25 12/15/15                                         2                     2
 XS0142963445             GOLDMAN SACHS GROUP INC - GS 6.125 02/14/17                                        2                     2
 XS0300096491             GOLDMAN SACHS GROUP INC - GS 6.125 05/14/17                                        3                     3
 XS0043041879             HSBC HOLDINGS PLC - HSBC 9.875 VAR 18-13                                           2                     2
 XS0161351191             PEMEX MASTER TR - PEMEX 7.5 12/13                                                  3                     3
 XS0228265574             RABOBANK NEDERLAND - RABOBK4.55 08/29                                              3                     3
 XS0528414294             TEMASEK FINANCIAL I LTD - TEMASE 4.625 07/22                                       2                     2
 XS0528414377             TEMASEK FINANCIAL I LTD - TEMASE 5.125 07/40                                       3                     3
 XS0184889490             UNITED MEXICAN STATES - MEX6.75 02/06/24                                           4                     4
 XS0397801357             BARCLAYS BANK PLC - BACR VAR 49-19                                                 4                     -
 XS0124569566             SANTANDER UK PLC - ABBEY 7.037 Var 08/49                                           4                     4
 NZD
 XS0800340597             CITIGROUP INC - C 6.25 06/29/17                                                    3                     3




                                                                    Page 14 of 14

				
DOCUMENT INFO
Shared By:
Categories:
Tags:
Stats:
views:155
posted:9/28/2012
language:English
pages:14