Bank of America Merrill Lynch has been advising corporations on risk management, with an emphasis on credit risk, for well
over a decade. As the economy enters a transitional stage, credit exposure to stressed and distressed counterparties has
become a primary concern for our clients and we have responded with streamlined and customized solutions. As an early
pioneer of receivables protection on distressed credits, Bank of America Merrill Lynch continues to innovate to address our
clients’ specific credit protection needs. The range of our products, most notably our highly customizable Receivables
Protection Put (“RPP”), has helped scores of companies in a broad range of industries mitigate their credit exposures to
trading partners, customers and long-term contract counterparties.