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EFTA Document EFTA01452866
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efta-efta01452866DOJ Data Set 10Correspondence

EFTA Document EFTA01452866

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To: Tazia Smith; Subject: usdcad update for JE (IJ Classification: For internal use only three points 1. commodity px are much higher - bullish cad 2. CAD 2 swa rate tit her not lower as i had ex 1.&165 Last Price cl CDSW2 Curncy 1.3460 n USSW2 Curncy 0.4705 • - Low: 1.2460 CDSW2 Curncy - USSW2 Curncy 0.8755 CDSW2 Cun, Sep Oct Nov 2013 (CAD NAP Dec Mar Jan Feb 2014 2 YR) Daily CSSEP2013-05MAR2014 Copyright @ 2014 Bloomberg Finance L.P. cte Vinit Sahni vs US rates coin • ared to 2mths a o - bullish cad 1.6000 Last 0.8755 Mean 0.932 -17.95 1.3460 Off Avg ttedlan -0.0565 0.9566 1.2000 5tDey St0ev from mean 0.0796 -0.7098 Percentile 28.4615 1.0000 huh 09/18/13 1.0675 Low 01/23/14 0.754 0.8000 0.6000 ; • 0.4705 U.94.S.X./ LOS 1.00 0.95 .8755 0.85 0.80 0.75 OS-Mar-2014 12:56:14 canada still has v vulnerable housing sector and several high profile clients have been exiting canadian risk (pimco ed devlin in ft last week) but nevertheless given 1 and 2 above im less bearish cad vs usd than 2mths ago when JE entered the trade. so given 1 and 2 im surprised usdcad hasnt moved lower - i dont have a view on usdcad here and therefore dont like the trade anymore Nav Nav Gupta Managing Director Deutsche Bank AG, Male London Deutsche Asset a Wealth Management CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0110160 CONFIDENTIAL SDNY_GM_00256344 EFTA01452866

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GPS0.0565 0.9566
GPS0.0796 -0.7098
GPS0.8000 0.6000
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Sent from my iPhone On )un 4, 2014, at 11:23 AM, Paul Morris rote: Classification: Confidential Lesley, I'm traveling so may be better for a few of us to call him or do a dial in? From: Lesley Groff Sent: 06/04/2014 10: iAsi Ah To: Paul Morris Cc: Tazia Smith; vinit Sahni; Nav Gupta ; vahe Stepanian Subject: Re: Call with je tomorrow [C] Jeffrey says ok to a 1pm NY time phone call with you all today. can he call you, Paul, at 1pm and you have everyone on the line ready to go? Sent

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From: Molt Sahni Sent: 7/30/20141:59:19 AM To: Nay Gupta CC: Paul MoM Subject: Re: For Approval Ill We need to fix this these are non advisory clients Vinit On 30 Jul 2014, at 06:47, "Nav Gupta" wrote: Classification: For internal use only To keep u in the loop. Tazia still working w/ comp) on language to send JE my s+p idea from last week Tazia Smith --- Original Message -- From: Tazia Smith Sent: 07/29/2014 07:04 PM EDT To: Siri Cowden Cc: Zbynek Kozelsky; Vahe Stepanian;

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