Credit Suisse IBCM Summer Associate Group Overviews

?8?8 @fvbstlbft Okfn`fa & Ckp`tkm Lkrnbts Sullbr Kssec`ktb Areup Evbrv`bws

Zkomb e eii ceftbfts @fvbstlbft Okfn`fa & Ckp`tkm Lkrnbts Sullbr Kssec`ktb rbcru`t`fa kt Crbj`t Su`ssb `s areup-spbc`i`c. Zd`s orecdurb ibkturbs kf evbrv`bw ei tdb iemmew`fa areups d`r`fa Sullbr Kssec`ktbs7

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Cd`ckae

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I`fkfc`km @fst`tut`efs (I@A)

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I`fkfc`km Spefsers

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Ameokm @fjustr`kms (A@A) – Fbw Pern

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Dbkmtdckrb – Fbw Pern & Skf Irkfc`sce

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Mkt`f Klbr`ck – Fbw Pern & Lbx`ce C`ty

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Mes Kfabmbs

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Mbvb Mbvbrk rkab abjj I`fkf I`fkfc` c`km km Er`a Er`a`f `fkt kt`e `eff & _b _bst stru ruct ctur ur`f `fa a (M (MIE IE&_ &_))

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Lbj`k kfj Zbmbcelluf`ckt`efs

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Lbrabrs & Kcqu`s`t`efs (L&K)

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E`m & Aks - Deustef

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Xewbr & _bfbwkombs

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_btk`m & Cefsulbr

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_bkm Bstktb

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Zbcdfemeay – Fbw Pern

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Zbcdfemeay – Skf Irkfc`sce

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© Crbj`t Su`ssb Areup KA kfj/er `ts kii`m`ktbs. Kmm r`adts rbsbrvbj.

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Cd`ckae Efb ei tdb mkrabst kfj mefabst-tbfurbj Cd`ckae eii`cbs `f tdb oumab orkcnbt Areup evbrv`bw & d`adm`adts   

Celpr`sbj ei ~:8 okfnbrs w`td k ameokm iecus ef `fjustry cevbrkab kfj iumm prejuct bxbcut`ef irel p`tcd te cmesb Xrevbf `fcuokter ei okfn`fa tkmbft mbj oy k areup ei Cd`ckae-oksbj LJs tdkt pessbss evbr ;88 ybkrs ei celo`fbj Qkmm Strbbt bxpbr`bfcb  Kss`stbj oy k ameokm tbkl ei cevbrkab kfj prejuct prejuct pkrtfbrs `f Fbw Pern, Deustef, Ske Xkume, Xkume, Zerefte, Mefjef, Defa Nefa kfj Syjfby

Sbcters cevbrbj 

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Zrkfskct`efs wb wern ef

Lbrabrs & Kcqu`s`t`efs (`.b., ouy-s`jb kjv`sery sbrv`cbs, sbmm-s`jb kuct`ef precbssbs kfj o`mktbrkm skmbs) bxbcutbj eut ei CS Cd`ckae7 Bxcmus`vb I`fkfc`km Kjv`ser te MN[ ef `ts $;.4 o`mm`eeff kcqu`s`t`ef ei Stkdmaruobr AloD  I`fkfc`km Kjv`ser te Qdbbmkorkter ef `ts skmb te Lkcqukr`b @firkstructurb Xkrtfbrs  Mbkj L&K Kjv`ser te MkfaukabM`fb Semut`efs ef `ts $;.2? o`mm`ef skmb te Zbmbpbrierlkfcb  I`fkfc`km Kjv`ser te Zkrabt Desp`tkm`ty ef `ts $;.: o`mm`ef skmb te Xmkt`ful Bkamb, k Spbc`km Xurpesb Kcqu`s`t`ef Celpkfy (”SXKC“) Bqu`ty Ckp`tkm Lkrnbts (`.b., `f`t`km puom`c eiibr`fas, sbcefjkry eiibr`fas kfj omecn trkjbs) bxbcutbj eut ei CS Cd`ckae7

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Mbkj mbit oeenruffbr ier Bvequk Qktbr Zbcdfemea`bs ef `ts $212 $212 l`mm`ef @f`t`km Xuom`c Eiibr`fa Mbkj mbit oeenruffbr ier Mkurbktb @ftbrfkt`efkm Rf`vbrs`t`bs ef `ts $:08 l`mm`ef @f`t`km Xuom`c Eiibr`fa Mbvbrkab I`fkfcb Er`a`fkt`ef (`.b., mbvbrkabj mekf kfj d`ad y`bmj fetb syfj`ckt`efs typ`ckmmy suppert`fa MOEs kfj

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rbi`fkfc`fas) bxbcutbj eut ei CS Cd`ckae7  Mbkj oeenruffbr oeenruffbr ier Kmm`b ier Kmm`bjRf`vbr jRf`vbrskm‐s skm‐s $3.:  $3.: o`mm`e o`mm`eff Sbf`er er Sbcurbj Sbcurbj Crbj`t Ikc`m`t`bs t`bs  Mbkj mbit oeenruffbr (kfj oeenruffbr  (kfj L&K I`fkfc`km Kjv`ser) ier $;.02 o`mm`ef Sbf`er Fetbs Eiibr`fa rbmktbj te Oreeni`bmj‐s kcqu`s`t`ef ei Gedfsef Ceftrems Xewbr Semut`efs Jbot Ckp`tkm Lkrnbts (`.b., `fvbstlbft-arkjb cerperktb oefj `ssukfcbs) bxbcutbj eut ei CS Cd`ckae7  

 Kct`vb oeenru oeenruffbr  ffbr ier ier Qkstb Lkfkablbft‐s $:.8 o`mm`ef Sbf`er Rfsbcurbj Oefj Eiibr`fa Semb oeenruffbr oeenruffbr ier Ou`mjbrs Ou`mjbrs I`rstSeurcb‐s I`rstSeurcb‐s $:88  $:88 l`mm`e l`mm`eff Sbf`eerr Sbcu Sbcurbj rbj Fetbs Fetbs

Selb cm`bfts wb cevbr

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Leo`m`ty7 pkssbfabr & cellbrc`km vbd`cmbs, celpefbft

suppm`brs, kutelet`vb rbtk`mbrs & j`str`outers, kutelet`vb tbcdfemeay, rk`m kfj leo`mb ckp`tkm bqu`plbft Ous`fbss & Cefsulbr Sbrv`cbs7 dulkf rbseurcbs eutseurc`fa, skmbs & lkrnbt`fa sbrv`cbs, sbcur`ty sbrv`cbs, preibss`efkm sbrv`cbs, ous`fbss precbss eutseurc`fa, mkfaukab / trkfsmkt`ef sbrv`cbs kfj j`vbrs`i`bj / tbcdbfkombj sbrv`cbs @fjustr`km Sbrv`cbs7 bfa`fbbr`fa & cefstruct`ef, bfv`reflbftkm & wkstb sbrv`cbs, bqu`plbft rbftkm, `fjustr`km & ikc`m`ty sbrv`cbs, `fspbct`ef & cbrt`i`ckt`ef, kuct`ef sbrv`cbstbst`fa, kfj `fjustr`km & cefstruct`ef tbcdfemeay Nfewmbjab Sbrv`cbs7 N-;? bjuckt`ef, pest-sbcefjkry bjuckt`ef, `ftbrfkt`efkm bjuckt`ef, bjuckt`ef tbcdfemeay kfj cerperktb trk`f`fa & cefsumt`fa Ou`mj`fa Xrejucts7 ou`mj`fa prejucts lkfuikctur`fa, ou`mj`fa prejucts j`str`out`ef, cblbft / kaarbaktbs / cefcrbtb & aypsul, `fstkmmkt`ef & etdbr sbrv`cbs, cefstruct`ef & bfa`fbbr`fa, iurf`turb & iurf`sd`fas kfj lkfuikcturbj deus`fa & lejumkr cefstruct`ef I`fkfc`km @fst`tut`efs7 okfns, `fsurkfcb, kssbt lkfkablbft, i`fkfc`km tbcdfemeay kfj k iecus ef spbc`kmty i`fkfcb& Cefsulbr Xrejucts7 ieej lkfuikcturbs, _btk`m kar`ous`fbss, `farbj`bfts, deusbdemj prejucts kfj pbrsefkm ckrb Qdy ge`f eur areup5 

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 K oumab-orkcnbt oumab-orkcnbt okfn`fa bxpbr`bfcb `f Cd`ckae Cd`ckae w`tdeut kfy skcr`i`cb `f tbrls ei bxbcut`ef er prejuct bxpesurb  Kccbss te k w`jb w`jb rkfab ei vbrt`ckms, cm`bbfts fts kfj sbf`er okfnbrs kcress tdb ameob @ft`lktb, d`admy cemmkoerkt`vb tbkl bfv`reflbft w`td`f k ameokm oumab-orkcnbt okfn

© Crbj`t Su`ssb Areup KA kfj/er `ts kii`m`ktbs. Kmm r`adts rbsbrvbj.

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I`fkfc`km @fst`tut`efs (I@A) Efb ei tdb mkrabst kfj lest ameokmmy `ftbarktbj areups `f tdb I`rl

Areup evbrv`bw & d`adm`adts      

 K trumy ameokm tbkl eiibr`fa eiibr`fa cress-oerjbr trkfskct`ef bxpbr`bfcb, bxpe bxpesurb surb te cm`bfts kfj cemmbkaubs kcress tdb wermj kfj tdb petbft`km ier `ftbrfkt`efkm leo`m`ty Xrbsbfcb `f ;8 c`t`bs ef ieur ceft`fbfts (bxcm. I@A-jbj`cktbj prejuct pkrtfbrs `f kmm rba`efs kfj I@A-iecusbj cevbrkab pkrtfbrs ameokmmy) Jbbp kfj bxpbr`bfcbj `fvbstlbft okfn`fa tbkl w`td jblefstrkomb lelbftul `f bxbcut`ef kfj strktbay. _bcbft kjj`t`efs te tdb tbkl w`mm ceft`fub lelbftul `fte ?8?8 I@A `s bvemv`fa ks cdkfa`fa rbaumktery rba`lbs ceft`fub te sdkpb tdb ameokm lkrnbts crbkt`fa fbw okfn`fa

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eppertuf`t`bs kfj k ierul ier tdb blpmeylbft ei `ffevkt`vb `jbks, kf krbfk `f wd`cd Crbj`t Su`ssb bxcbms  Kct`vb cefvbrabfcb kcress trkj`fa kfj jktk, okfns kfj tbcd-oksbj ous`fbssbs (SpbcI`f), wbkmtd-tbcd, btc. D`admy rbmbvkft sbcter w`td vbry kct`vb L&K lelbftul `f ?8;0 kcress suo-vbrt`ckms (Okfns7 OO&Z kfj SufZrust lbrabr ei $99of> I`fZbcd7 I`sbrv kfj I`rst Jktk lbrabr ei $??of

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@fsurkfcb7 M`ib `fsurkfcb, Xrepbrty kfj Cksukmty

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 Kssbt Lkfkablbft7 Kmtbrfkt`vb kssbt lkfkabrs,

Zrkfskct`efs wb wern ef 

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Sbcters cevbrbj

L&K7 Ouy-s`jb kjv`sery sbrv`cbs,  Kcqu`s`t`ef i`fkfc`fa, Sbmm-s`jb kuct`ef

precbssbs kfj o`mktbrkm skmbs Bqu`ty Ckp`tkm Lkrnbts7 @f`t`km Xuom`c Eiibr`fas, Sbcefjkry eiibr`fas kfj Iemmew-efs Jbot Ckp`tkm Lkrnbts7 @fvbstlbftarkjb cerperktb `ssukfcbs Mbvbrkab I`fkfcb7 D`ad-y`bmj oefj `ssukfcbs, Zbrl mekf syfj`ckt`efs

© Crbj`t Su`ssb Areup KA kfj/er `ts kii`m`ktbs. Kmm r`adts rbsbrvbj.

Selb cm`bfts wb cevbr

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I`fkfc`km Zbcdfemeay7 Stecn bxcdkfabs, I`fkfc`km @fierlkt`ef, Xkylbfts, Krt`i`c`km `ftbmm`abfcb, `ftbmm`abfcb, Lkcd`fb mbkrf`fa Spbc`kmty I`fkfcb7 Cefsulbr i`fkfcb, Lkrnbtpmkcb mbfj`fa, Lertakabs, Mbks`fa Okfns7 J`vbrs`i`bj ameokm okfn`fa `fst`tut`efs, Supbrrba`efkm kfj rba`efkm cellbrc`km okfns

`fsurkfcb, Orenbrkab, _b`fsurkfcb Orenbrkabs, Qbkmtd kjv`sers

Qdy ge`f eur areup5  

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Qern w`td tdb wermj‐s lest i`fkfc`kmmy sepd`st`cktbj cm`bftbmb `f k jyfkl`c bfv`reflbft Bxpbr`bfcb j`vbrsb pregbcts I@A/ vbrt`ckms kfj kf ufr`vkmmbj orbkjtd ei kcress prejucts trkfskct`efs @ftbrikcb w`td lest etdbr `fjustry areups kfj kcress kmm prejucts Qern `f vbry uf`qub, cemmkoerkt`vb kfj bftrbprbfbur`km cumturb

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I`fkfc`km Spefsers Zdb mbkj`fa I`fkfc`km Spefsers irkfcd`sb ef Qkmm Strbbt

Areup evbrv`bw & d`adm`adts 

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Zdb I`fkfc`km Spefsers Areup jbm`vbrs Crbj`t Su`ssb‐s mbvbrkabj i`fkfcb, bqu`ty kfj L&K irkfcd`sbs te pr`vktb bqu`ty i`rls (b.a., Kpemme, Ckrmymb, NN_) kfj tdb`r pertiem`e celpkf`bs I`fkfc`km Spefsers Areup dks k ameokm ieetpr`ft kfj cevbrs lerb tdkf ?88 i`fkfc`km spefsers kcress kmm `fjustr`bs kfj rba`efs I`fkfc`km Spefsers Areup kt Crbj`t Su`ssb `s cefs`stbftmy rkfnbj ks tdb tep Spefsers cevbrkab ef tdb Strbbt

Qdy ge`f eur areup5 

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Iumm-sbrv`cb bxbcut`ef 

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I`fkfc`km Spefsers Areup prev`jbs d`ad-vkmub kjv`cb kfj bxbcut`ef bxpbrt`sb ameokmmy kcress mbvbrkabj i`fkfcb prejucts, `fcmuj`fa mbvbrkabj mekfs & d`ad-y`bmj oefjs, ks wbmm ks bqu`ty kfj L&K prejucts. Kjj`t`efkm krbks ei iecus `fcmujb rbstructur`fa, pr`vktb pmkcblbfts kfj dbja`fa kct`v`t`bs  K trub ”abfbrkm`st“ bxpbr`bfcb7 bfcb7 jbvbmep bxtrblbmy strefa crbj`t kfj ju jubb j`m`abfcb sn`mms, cm`bbft ft `ftbrkct`ef sn`mms kfj trkfskct`ef bxpbr`bfcb Rfpkrkmmbmbj kccbss te k slkrt, sepd`st`cktbj `fvbster oksb, kfj kf eppertuf`ty te wern ef celpm`cktbj kfj `ftbrbst`fa trkfskct`efs7 mktbst i`fkfc`fa lbtdejs, w`jb rkfab ei `fjustr`bs kfj spbc`kmty lkrnbts @ftbarktbj ous`fbss lejbm prev`jbs s`af`i`ckft jbkm bxpbr`bfcb, orekj bxpesurb te CS kfj sem`j ieufjkt`ef ier k cevbrkab eii`cbr remb

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Qern w`td sepd`st`cktbj cm`bftbmb `f k jyfkl`c, cemmkoerkt`vb tbkl-bfv`reflbft Xbrierl kfkmysbs kfj i`fkfc`km lejbm`fa ei pr`vktb bqu`ty trkfskct`efs Qern ef jyfkl`c pregbcts kcress kmm `fjustr`bs, `ftbrikc`fa w`td kmm cevbrkab areups Ak`f ufr`vkmmbj jbkm bxpbr`bfcb, trkfskct`efs `f cm`bft-ikc`fa rembsbxbcut`fa _bi`fb yeur prbsbftkt`ef sn`mms tdreuad kct`vb ceftr`out`efs te `ftbrfkm j`scuss`efs Cemmkoerkt`vb cumturb

Selb cm`bfts wb cevbr

© Crbj`t Su`ssb Areup KA kfj/er `ts kii`m`ktbs. Kmm r`adts rbsbrvbj.

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