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The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ISHARES TR CHINA LG-CAP ETF 464287184 38,673 900,000 SH Put DFND 1 900,000 0 0
ISHARES TR CHINA LG-CAP ETF 464287184 47,267 1,100,000 SH Call DFND 1 1,100,000 0 0
ISHARES TR CHINA LG-CAP ETF 464287184 2,643 61,508 SH   DFND 1 61,508 0 0
SELECT SECTOR SPDR TR ENERGY 81369Y506 136,692 1,800,000 SH Put DFND 1 1,800,000 0 0
SELECT SECTOR SPDR TR ENERGY 81369Y506 37,970 500,000 SH Put DFND   500,000 0 0
SELECT SECTOR SPDR TR ENERGY 81369Y506 22,782 300,000 SH Call DFND 1 300,000 0 0
SELECT SECTOR SPDR TR ENERGY 81369Y506 37,970 500,000 SH Call DFND   500,000 0 0
SELECT SECTOR SPDR TR ENERGY 81369Y506 15,341 202,013 SH   DFND 1 202,013 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 156,349 5,880,000 SH Put DFND 1 5,880,000 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 35,452 1,333,300 SH Put DFND   1,333,300 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 35,452 1,333,300 SH Call DFND   1,333,300 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 54,121 2,035,376 SH   DFND 1 2,035,376 0 0