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sd-10-EFTA01461221Dept. of JusticeOther

EFTA Document EFTA01461221

Upside 12% Omron 6645 JP Not rated at DB Current price 4105 Target price (12m) 4426 (Bloomberg avg. Not covered by DB) Upside 8% Kawasaki Kisen: http://gm.db.com/ger/document/ShowPdf.eqsr?productIDMore=0900b8c087790d17 9107 JP Buy Current price 236 Target price (12m) 280 upside 18% Reflation is the other major theme, which should be positive for retailers and banks, where DB Research is bullish Rakuten and Resona respectively. Rakuten: https://ger.gm.cib.intranet.db.com/g

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Dept. of Justice
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sd-10-EFTA01461221
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Upside 12% Omron 6645 JP Not rated at DB Current price 4105 Target price (12m) 4426 (Bloomberg avg. Not covered by DB) Upside 8% Kawasaki Kisen: http://gm.db.com/ger/document/ShowPdf.eqsr?productIDMore=0900b8c087790d17 9107 JP Buy Current price 236 Target price (12m) 280 upside 18% Reflation is the other major theme, which should be positive for retailers and banks, where DB Research is bullish Rakuten and Resona respectively. Rakuten: https://ger.gm.cib.intranet.db.com/g

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Text extracted via OCR from the original document. May contain errors from the scanning process.
Upside 12% Omron 6645 JP Not rated at DB Current price 4105 Target price (12m) 4426 (Bloomberg avg. Not covered by DB) Upside 8% Kawasaki Kisen: http://gm.db.com/ger/document/ShowPdf.eqsr?productIDMore=0900b8c087790d17 9107 JP Buy Current price 236 Target price (12m) 280 upside 18% Reflation is the other major theme, which should be positive for retailers and banks, where DB Research is bullish Rakuten and Resona respectively. Rakuten: https://ger.gm.cib.intranet.db.com/ger/document/pdf/0900b8c087a30eda.pdf 4755 JP Buy Current price 1531 Target price (12m) 1710 Upside 12% Resona: https://ger.gm.cib.intranet.db.com/ger/document/pdf/0900b8c0879ce3f0.pdf 8308 JP Buy Current price 512 Target price (12m) 650 Upside 27% (Embedded image moved to file: pic11015.gif) 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. +1 (212) 454-2889 Fax +1 (646) 257-3131 Mobile Email (Embedded image moved to file: pic27274.gif) CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 123124 CONFIDENTIAL SDNY_GM_00269308 EFTA01461221

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Email addresses, URLs, phone numbers, and other technical indicators extracted from this document.

FaxFax +1 (646) 257-3131
Phone+1 (212) 454-2889
Phone+1 (646) 257-3131
URLhttp://gm.db.com/ger/document/ShowPdf.eqsr?productIDMore=0900b8c087790d17
URLhttps://ger.gm.cib.intranet.db.com/ger/document/pdf/0900b8c0879ce3f0.pdf
URLhttps://ger.gm.cib.intranet.db.com/ger/document/pdf/0900b8c087a30eda.pdf
Wire RefReflation

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From: Vinit Sahni Sent: 3/13/2014 9:33:42 PM To: Paul Morris ; Nay Gupta j; Tazia Smith -I Subject: Re: Trade Report 3/13/14 - WTI Zero Cost Risk Reversal IC) classification: confidential Nam actually came back to him very quickly we should point out. we just dont have the market making capabilities in options and therefore gave him an option straight away. original Message From: Paul Morris Sent: 03/13/2014 06:53 PM EDT To: Vinit Sahni; Nav Gupta; Tazia Smith Subject: Fw: T

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bj ec t: classification: confidential Jeffrey - As discussed, today you executed the following: underlying: Jun14 WTI Bloomberg code: cLm4 <comdty> RMS Counterparty code: SOFL SOFL buys $101 call SOFL sells 593.5 put Premium: Zero Notional: 100,000 bbls on each leg Both legs knock out if on any day CLM4 fixes below S20/bbl. Initial Margin = 13% Tazia Smith Director Key Client Partners - US Deutsche Bank Securities, Inc. Deutsche Asset & wealth Management 345 Park Avenue - 26th

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Subject: RE: Energy Renaissance E uities + Trade idea: KI Brent puts [C) From: Tazia Smith < Date: Mon, 03 Mar 2014 14:32:52 -0500 To: Cc: Paul Morris Vahe Stepanian < Classification: Confidential Yes, will do - thanks Jeanne! (Embedded image moved to file: pic26026.gif) Tazia Smith Director I Key Client Partners - US Deutsche Deutsche 345 Park New York Tel. Fax Mobile Email Bank Securities Inc Asset & Wealth Management Avenue, 26th Floor NY 10154 (Embedded From: To: C

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Subject: Fw: MXN Spot Rate on the January Monthly Statement (I] From: Tazia Smith .c > Date: Tue, 25 Feb 2014 13:12:15 -0500 To: Paul Morris < > Classification: For internal use only FYI Forwarded by Tazia Smith/db/ on 02/25/2014 01:12 PM From: Howard S Allen/db/ To: Tazia Smith/db/ . Cc: Josie Hall/db/ , Vahe Stepanian/db/ Zbynek Kozelsky/db/ Date: 02/25/2014 01:07 PM Subject: Re: Fw: MXN Spot Rate on the January Monthly Statement (I] Classification: For internal use only

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Subject: Re: USD/MXN Follow-U From: Vahe Stepanian < Date: Wed, 26 Feb 2014 16:36:00 -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 Stepanian/db/dbcom To: Cc:

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DB Securities Inc Deutsche Asset & Wealth Management 345 Park Avenue, 10154-0004 New York, NY, USA (Embedded image moved to file: pic23824.gif) From: "Jeffrey E." <[email protected]> To: Tazia Smith/db/dbcom@OBAMERICAS, Date: 04/30/2014 01:06 PM subject: Re: USDJPY call expires tmw + OTC p/1 update [c] where was copper when we bought this on wed, Apr 30, 2014 at 6:44 PM, Tazia Smith <[email protected]> wrote: Classification: Confidential Jeffrey - As you know, USDJPY 102.5 ca

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