EFTA Document EFTA01479478

Subject: Re: USD/MXN Follow-Up [C] From: Vahe Stepanian Date: Wed, 26 Feb 2014 16:36:01 -0500 To: Cc: Paul Morris Classification: Confidential Harry - further (per our conversation), the spot trades were executed as follows: 1) 1/14: Bought MXN 39,253,441.02 @ 13.0975 (USD $2,997,017.83) 2) 1/27: Sold MXN 38,199,653.10 @ 13.4415 (USD $2,841,918.91) These were executed at the same time as the buy/sell of the Mex bonds. Hope this helps. Vahe From: Vahe Ste anian/db/dbcom To: Cc: , Paul Morris/db/dbcom@DBAMERICAS Date: 02/26/2014 04:23 PM Subject: USD/MXN Follow-Up [C] Classification: Confidential Harry / Jeanne, Per our conversation - Pershing uses the "end of day" (EOD) price from the day before settlement date. For the buy trade, they used EOD 1/15, and for the sell trade, they used EOD 1/28. Both of Jeffrey's MXN Spot transactions were executed on the same trade date as the bonds (1/14 and 1/27, respectively). Chart and Tazia's email included below. Please let me know should you have any additional questions. Thank you, Vahe EFTA01479478 Forwarded by Vahe Stepanian/db/dbcom on 02/26/2014 04:18 PM From: Tazia Smith/db/dbcom To: , [email protected], Cc: Paul Morris, Vahe Stepanian/db/dbcom@DBAmericas Date: 02/24/2014 11:44 AM Subject: USDMXN [C] Classification: Confidential Harry - As discussed, I am following up to identify where those "Exchange Rates" denoted with the bond purchase/sale on the Monthly Pershing statements are coming from. The below is just an illustration of the currency's volatility over the relevant time period. I will be back with the explanation and resolution ASAP. Regards, Tazia Used with permission of Bloomberg Finance LP Tazia Smith Director I Key Client Partners - US Deutsche Bank Securities Inc Deutsche Asset & Wealth Management 345 Park Avenue, 26th Floor New York, NY 10154 Tel. Fax + Mobil Email EFTA01479479 EFTA01479480