From: Richard Kahn

From: Richard Kahn To: "Jeffrey E." <[email protected]> Subject: Re: Indicative Levels - USDCNH lyr Options [C] Date: Tue, 12 Aug 2014 17:12:36 +0000 i spoke with both paul and tazia paul tried telling me how great their pricing was on this trade and i gave him pushback on their overall pricing especially currency trades paul also mentioned they were hiring 2 new traders and would eventually role off tazia (who is shaken up from her carelessness) Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York, NY 10022 tel fax cel On Aug 12, 2014, at 11:16 AM, Jeffrey E. <[email protected]> wrote: you have got to be kidding meimmint On Tue, Aug 12, 2014 at 8:52 AM, Tazia Smith < > wrote: Classification: Confidential my apologies, 36.4bps is correct, but my typo: $273k premium on $75mm USD. Be right back with report <Mail Attachment.gif> Tazia Smith Director I Key Client Partners - US DB Securities Inc Deutsche Asset 8 Wealth Management 345 Park Avenue. 10154-0004 New York. NY, USA Tel. Fax Mob Email <Mail Attachment.gif> EFTA00630007 From: -jeffrey E?lee fit iongntoom> To: Tazia Smittildb/dbcom@DBAMERICAS, Date: 08/12/2014 10:43 AM Subject: Re: Indicative Levels - USDCNH lyr Options [C] that does not sound right , are you sure its on 75 milion On Tue, Aug 12, 2014 at 8:41 AM, Tazia Smith < • wrote: Classification: Confidential Jeffrey -- That' done for Southern Fnl at 36.4bps ($173,000 premium) lyr USDCNH put ATMS strike (6.16) 75mm USD notional Best Regards, Tazia From: 'Jeffrey E. leevaSg o mailcom> To: Tazia Smith/db/dbcom@DBAMERICAS, Date: 08/1212014 10:23AM Subject: Re: Indicative Levels - USDCNH 1 yr Options [C] 75 million notional puts at 38 basis points On Tue, Aug 12, 2014 at 6:55 AM, Tazia Smith < > wrote: Classification: Confidential Jeffrey - USDCNH Ref: Spot 6.1604; Fwd 6.2723 (i.e. 101.82% of spot) 1y ATMS (6.1604) USDCNH call: 1.041% / 2.215% EFTA00630008 1y ATMF (6.2723) USDCNH call: 1.041% / 1.190% 1yATMF /ATMF +3% call spread: 0.469% / 0.73% Strikes: 6.2723 /6.4605 1y ATMS (6.1604) USDCNH put: 0.256% / 0.38% 1yATMF (6.2723) USDCNH put: 1.007%/ 1.154% Indicative levels, subject to market movement. Source: DB FX Pricer, 8/12/14 USDCNH 1yr Price History <Mail Attachment.gif> <Mail Attachment.gif> Tazia Smith Director 1Key Client Partners - US De Securities Inc Deutsche Asset & Wealth Management 345 Park Avenue. 10154-0004 New York NY, USA Tel. Fax Mehl Email <Mail Attachment.gif> This communication may contain confidential and/or privileged information. If you are not the intended recipient (or have received this communication in error) please notify the sender immediately and destroy this communication. Any unauthorized copying, disclosure or distribution of the material in this communication is strictly forbidden. Deutsche Bank does not render legal or tax advice, and the information contained in this communication should not be regarded as such. please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. 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