EFTA Document EFTA01468792

Subject: Re: Fw: a suggestion from nav april 15 [C] From: Nav Gupta < Date: Tue, 13 May 2014 03:10:09 -0400 To: Tazia Smith < >, Paul Morris Cc: Vinit Sahni Classification: Confidential i showed JE 4 trades Buy lOy BTPS - he would have made 18bp in a straight line incl transaction costs Buy Nationwide CoCo - which he transacted and is up 30bp on already Buy eurusd ly put - which he would be up v small on as eurusd has moved from 1.382->1.376 A penny option (6bp of notional) tactical 2week trade that didnt work he should focus on the big picture From: Tazia Smith/db/dbcom@DBAMERICAS To: Nav Gupta/db/dbcom@DBEMEA, Vinit Sahni/db/dbcom@DBEMEA, Date: 12/05/2014 14:44 Subject: Fw: a suggestion from nav april 15 [C] Classification: Confidential See below. Spoke with Rich. He recommends, despite Jeffrey's feed back, many more carry trades (eg high yielding bonds) and non-binary options (those that offer flexibility over the life). fyi only Forwarded by Tazia Smith/db/dbcom on 05/12/2014 09:40 AM From: Richard Kahn < To: Tazia Smith/db/dbcom@DBAMERICAS, EFTA01468792 Date: 05/12/2014 09:19 AM Subject: Fwd: a suggestion from nav april 15 please call me when you have a minute thanks Richard Kahn HBRK Associates Inc. 575 Lexington Avenue, 4th Floor, New York, New York 10022 tel fax cell Begin forwarded message: From: "Jeffrey E." <[email protected]> Subject: a suggestion from nav april 15 Date: May 10, 2014 6:13:10 AM EDT To: Richard Kahn < >, Paul Morris < no one in their right mind would have 2. EURUSD spot FX is 1.3802 from 1.3827 yesterday. Suggest buying 2week vanilla 1.40c at 5-6c in EUR 50mm notional (cost EUR25-30k) please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA01468793