EFTA Document EFTA01374998
Deutsche Bank MO-10. due to ongoing sales to BOTAS and markets and there is no quick fix 3 2 1 0 1 -2 -3 -4 -5 -6 USDbn Feb 15 Jul 15 Jun 13 USDbn Nov 13 Apr 14 Sep 14 Contribution by X credits (Ihs) IFX sales to BOTAS (lhs) FX sales to market (auction & intervention, lhs) Cumulative impact of FX sales and X credits since May '13 —Cumulative change in CBT's net usable FX reserves since May '13 Some: Havoc AnalyNcs, CBT. and Doutcho Bank 9 6 3 0 -3 -6 -9 -12 -1
Summary
Deutsche Bank MO-10. due to ongoing sales to BOTAS and markets and there is no quick fix 3 2 1 0 1 -2 -3 -4 -5 -6 USDbn Feb 15 Jul 15 Jun 13 USDbn Nov 13 Apr 14 Sep 14 Contribution by X credits (Ihs) IFX sales to BOTAS (lhs) FX sales to market (auction & intervention, lhs) Cumulative impact of FX sales and X credits since May '13 —Cumulative change in CBT's net usable FX reserves since May '13 Some: Havoc AnalyNcs, CBT. and Doutcho Bank 9 6 3 0 -3 -6 -9 -12 -1
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