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Proprietary annual Reserve Manager Survey

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Proprietary annual Reserve Manager Survey (RMS) — primary survey data collected from roughly 30 central bank reserve managers on FX reserve allocation strategy, currency diversification, and macro risk views, gathered through UBS's exclusive Reserve Management Seminar relationship network (60+ central bank officials attend); the document itself is marked "Confidential" and "For qualified investors only," i.e. genuinely non-public, relationship-based data

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