EFTA01108670Set 9
2012-09-2712p6,642w
that we have
anniversaried a full year of lower SNF payments and CMS has said it
will review patient criteria, business risk seems much reduced.
• We initiate credit coverage with ... bankruptcy reorganization, Vencor changed its name to Kindred
Healthcare.
Recent Credit Profile
CMS Rate Reduction for SNFs
In July 2011, CMS announced the final SNF rates ... utilization
among the therapy modes under the new RUGS-IV that differed significantly from
CMS projections. As a result, CMS decided to implement a correction for fiscal
2012.
Following
https://www.justice.gov/epstein/files/DataSet%209/EFTA01108670.pdf
EFTA01207563Set 9
2015-04-304p923w
themselves
for a rise in European rates
• To articulate this view, investors can purchase CMS caps on the 30yr EUR swap rate that provides a linear payout
on the 30yr ... expiries, and 1.00%, 1.25%
and 1.50% strikes. In addition, for the 1y CMS cap struck at 1.00%. we have included a terminal payout diagram and a
chart showing the strike ... Indicative Transaction Terms:
Client buys: CMS Cap on 30y EUR CMS rate, Single Look at Expiry
Terminal Payout: Notional • max (Terminal CMS rate — strike, 0)
Currency
https://www.justice.gov/epstein/files/DataSet%209/EFTA01207563.pdf
EFTA00858044Set 9
2015-04-303p703w
themselves
for a rise in European rates
• To articulate this view, investors can purchase CMS caps on the 30yr EUR swap rate that provides a linear payout
on the 30yr ... expiries, and 1.00%, 1.25%
and 1.50% strikes. In addition, for the 1y CMS cap struck at 1.00%. we have included a terminal payout diagram
and a chart showing the strike ... time series of European rates)
EFTA00858044
Rcid:image004.jpg@01D08273.86B78650
Indicative Transaction Terms:
Client buys: CMS Cap on 30y EUR CMS rate, Single Look at Expiry
Terminal Payout: Notional max (Terminal
https://www.justice.gov/epstein/files/DataSet%209/EFTA00858044.pdf
EFTA01400683Set 10
2015-04-295p476w
themselves for a rise in European rates
To articulate this view, investors can purchase CMS caps on the
30yr EUR swap rate that provides a linear payout on the 30yr ... expiries, and 1.00%, 1.25% and 1.50% strikes. In
addition, for the ly CMS cap struck at 1.00%, we have included a terminal
EFTA01400683
payout diagram and a chart showing ... time series of European rates)
fcid:image004.jpg@OlD08273.866786501
Indicative Transaction Terms:
Client buys: CMS Cap on 30y EUR CMS rate, Single Look at
Expiry
Terminal Payout: Notional * max (Terminal CMS
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01400683.pdf
EFTA01421855Set 10
2015-04-295p539w
themselves for a rise in European rates
To articulate this view, investors can purchase CMS caps on the
30yr EUR swap rate that provides a linear payout on the 30yr ... expiries, and 1.00%, 1.25% and 1.50% strikes. In
addition, for the ly CMS cap struck at 1.00%, we have included a terminal
payout diagram and a chart showing the strike ... time series of European rates)
fcid:image004.jpg@OlD08273.866786501
Indicative Transaction Terms:
Client buys: CMS Cap on 30y EUR CMS rate, Single Look at
Expiry
Terminal Payout: Notional * max (Terminal CMS
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01421855.pdf
EFTA01472954Set 10
2015-04-305p657w
themselves for a rise in European rates
To articulate this view, investors can purchase CMS caps on the
30yr EUR swap rate that provides a linear payout on the 30yr ... expiries, and 1.00%, 1.25% and 1.50% strikes. In
addition, for the ly CMS cap struck at 1.00%, we have included a terminal
payout diagram and a chart showing the strike ... time series of European rates)
fcid:image004.jpg@OlD08273.866786501
Indicative Transaction Terms:
Client buys: CMS Cap on 30y EUR CMS rate, Single Look at
EFTA01472955
Expiry
Terminal Payout: Notional * max (Terminal
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01472954.pdf
EFTA00858199Set 9
2015-04-293p527w
themselves
for a rise in European rates
• To articulate this view, investors can purchase CMS caps on the 30yr EUR swap rate that provides a linear payout
on the 30yr ... expiries, and 1.00%, 1.25%
and 1.50% strikes. In addition, for the 1y CMS cap struck at 1.00%. we have included a terminal payout diagram
and a chart showing the strike ... time series of European rates)
EFTA00858199
Rcid:image004.jpg@01D08273.86B78650
Indicative Transaction Terms:
Client buys: CMS Cap on 30y EUR CMS rate, Single Look at Expiry
Terminal Payout: Notional max (Terminal
https://www.justice.gov/epstein/files/DataSet%209/EFTA00858199.pdf
EFTA00857856Set 9
2015-04-305p928w
themselves
for a rise in European rates
• To articulate this view, investors can purchase CMS caps on the 30yr EUR swap rate that provides a linear payout
on the 30yr ... expiries, and 1.00%, 1.25%
and 1.50% strikes. In addition, for the 1y CMS cap struck at 1.00%, we have included a terminal payout diagram and a
chart showing the strike ... European rates)
beljcid:image004.jpg@Ol D08273.86[378850
EFTA00857857
Indicative Transaction Terms:
Client buys: CMS Cap on 30y EUR CMS rate, Single Look at Expiry
Terminal Payout: Notional * max (Terminal CMS
https://www.justice.gov/epstein/files/DataSet%209/EFTA00857856.pdf
EFTA00858048Set 9
2015-04-305p970w
themselves for
a rise in European rates
• To articulate this view, investors can purchase CMS caps on the 30yr EUR swap rate that provides a linear payout on
the 30yr ... expiries, and 1.00%, 1.25% and
1.50% strikes. In addition, for the 1y CMS cap struck at 1.00%. we have included a terminal payout diagram and a chart
showing the strike ... time series of European rates)
EFTA00858049
Rcid:image004.jpg(0101D08273.86B78B50
Indicative Transaction Terms:
Client buys: CMS Cap on 30y EUR CMS rate, Single Look at Expiry
Terminal Payout: Notional max (Terminal
https://www.justice.gov/epstein/files/DataSet%209/EFTA00858048.pdf
EFTA01472959Set 10
2015-04-306p917w
themselves for a rise in European rates
To articulate this view, investors can purchase CMS caps on the
30yr EUR swap rate that provides a linear payout on the 30yr ... expiries, and 1.00%, 1.25% and 1.50% strikes. In
addition, for the ly CMS cap struck at 1.00%, we have included a terminal
payout diagram and a chart showing the strike ... time series of European rates)
fcid:image004.jpg@OlD08273.866786501
EFTA01472960
Indicative Transaction Terms:
Client buys: CMS Cap on 30y EUR CMS rate, Single Look at
Expiry
Terminal Payout: Notional * max (Terminal
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01472959.pdf