Merrill Lynch is a holding company registered in Delaware. It provides investment, financing, consulting, insurance and related products and services to the whole world through its subsidiaries, including: securities brokerage, trading and underwriting; Investment banking, strategic consulting services, mergers and acquisitions and other corporate financial consulting projects. Investment management; Creation, brokerage, dealers and related projects of swaps, options, forwards, futures and other derivatives and foreign exchange products; Securities clearing and settlement. Stocks, bonds, foreign exchange, commodities and economic research. Banking, trust, loan services, mortgage loans and related services. Insurance sales and underwriting services. Investment consulting service. Merrill Lynch provides the above products and services to a wide range of customers, including individual investors, small and medium-sized enterprises, companies, governments and government departments, and financial institutions. Merrill Lynch provides financial services to the world in three complementary business areas, further strengthening its ability to serve diversified customers and expand globally. Merrill Lynch divides its business outside the United States into five regions: Europe, the Middle East and Africa; Japan; Asia Pacific and Australia; Canada; Latin America; Merrill Lynch has branches in 43 countries outside the United States, including Buenos Aires, Dubai, Dublin, Frankfurt, Geneva, Hong Kong, Johannesburg, London, Madrid, Mexico City, Melbourne, Milan, Paris, Sao Paulo, Singapore, Sydney, Toronto, Tokyo and Zurich.