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A. PRODUCT IDENTIFICATION AND SELECTION     Low Correlation        1. Low Volatility                              Limited Liquidity      2. Reduced Volatility                             Limited Liquidity    3. Moderate Volatility                              Daily Liquidity                         Limited Liquidity      4. High Volatility                             Daily Liquidity     Correlation                         Daily Liquidity     High Correlation                         Daily Liquidity       B. NEGOTIATION AND DISTRIBUTION AGREEMENTS • Distribution proposal   • Structuring for end client   • Minimum commitments   • Objectives   • Commissions   • Support , Events, Advertising   • Exclusivity Partial / Total