From: "Jeffrey E." <jeevacation®gmail.com>

From: "Jeffrey E." <jeevacation®gmail.com> To: Daniel Sabba Subject: Re: [C] Date: Tue, 13 Jan 2015 16:59:38 +0000 Inline-Images: unnamed; unnamed(1) 20 minutes On Tue, Jan 13, 2015 at 12:55 PM, Daniel Sabba Classification: Confidential Hi Jeffrey - I gave you a call to follow-up on our discussion. I am at See below a short term time series of Brazil CDS and of the short vol crude index we discussed. Brazil 5y CDS wrote: GRAB BRAZIL CDS USD SR 01/14/2014 1D 3D 1M 6M YT0 lY SY Max Daily • 99 Save As... 961 Actions- 97) Edit - 9$ Table 01/13/2015 Last Price DBLA Line Compare o■ Last Price 205.000 T High on 12/15/14 243.000 -0- Average 163.693 Low on 09/02/14 125.000 Historical Line Chart INoLowerChart Security/Study USD Event 0 -240 -220 Mar Jun Sep Dec 2014 I 2015 Australia 61 2 9777 8600 Brazil 5511 2395 9000 Europe 44 20 7330 7500 Germany 49 69 9204 1210 Hong Kong 852 2977 6000 Japan 81 3 3201 8900 Singapore 65 6212 1000 U.S. 1 Copyright 2015 Bloomberg Finance SN 839901 H329-48-0 13-Jan-15 11.52'23 EST GMT-SIMI 160 140 120 Short WTI vol index EFTA01201888 GRAB DBMA'S V2 Index 01/13/2014 1D 3D 1H 6H YTD 1Y F( Max Daily • 95) Save As... 90 Actions- 97) Edit - 9D Table Historical Line Chart 01/13/2015 Mid Line MI Line PI Compdrc • Mid Price I 256.3495 T High on 07/08/14 298.3815 -9- Average 282.0639 .1 Low on 12/26/14 250.5192 Mar I I Iblo Lower Chart USD Security/Study II Event o 0.300 D. 290 -280 1.270 *- 260 Jun Sep Dec 2014 1 201E Australia 61 2 9777 8600 Brazil 5511 2395 9000 Europe 44 20 7330 7500 Germany 49 69 9204 1210 Hong Kong 852 2977 6000 Japan 81 3 3201 8900 Singapore 65 6212 1000 U.S. 1 Copyright 2015 Bloomberg Finance SN 839901 H329-48-1 13-Jan-15 11;54.05 EST GMT-5.00 Daniel Sabba Key Client Partners Deutsche Bank Securities Inc. Tel. Mobile Email 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. It is the property of EFTA01201889 JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation®gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA01201890