EFTA Document EFTA01452335

From: Paul . 1s ) Sent: 1/28/2014 1:02:52 PM To: [email protected] Subject: Re: Depressed options volatility makes 'Renmimbi weaker' hedges very cheap I KCP Capital Markets [C] Classification: Confidential Classification: For internal use only don't be, these are very complicated situations and you have good intel and instincts, will stay focused on the trades Paul Morris Managing Director Deutsche Bank Private Bank 345 Park Avenue, 27th Floor New York, NY 10154 Offic Cell