EFTA Document EFTA01461376

From: Sent: To: CC: -; Paul Morris Subject: USD/MXN Follow-Up [CI Attachments: pic05814.gif; pic13921.gif; pic28567.gif Vahe Stepanian 2/26/2014 4:23:24 PM Classification: Confidential Harry / Jeanne, Per our conversation - Pershing uses the "end of day" (E00) price from the day before settlement date. For the buy trade, they used EOD 1/1S. 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 Forwarded by vahe stepanian/db/dbcom on 02/26/2014 04:18 PM From: Tazia smith/db/dbcom To: cc: Paul morris, vahe stepanian/db/dbcomODBAmericas 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 (Embedded image moved to file: pic05814.gif) used with permission of Bloomberg Finance LP (Embedded image moved to file: pic13921.gif) Tazia Smith Director I Key client Partners - us Deutsche Bank Securities Inc CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL DB-SDNY-0 123385 SDNY_GM_00269569 EFTA01461376