EFTA01462149.pdf

From: Tazia Smith Sent: 8/29/2014 9:38:33 AM To: CC: VaheStepanian I; Paul Morris Subject: FX Indicative Levels [CI Attachments: ECB QE In September 8.26.14.pdf; pic25900.gif; pic29296.gif Classification: Confidential Good Morning Rich - Sooner and more aggressive QE is expected from the ECB on Sep 4th. You likely saw the headline that ECB employed Blackrock for advice on asset purchases. DB commentary attached. Clearly, 9/4 is a critical day - before 9/8 expiration. EURUSD Spot Ref: 1.3176 <client> sells Put, buys call on EUR/USD in a Risk Reversal Put strike: 1.345 Call Strike: 1.38 Notional: EUR 10,000,000 EUR Expiry: Mon 08-Sep-2014 Settlement: Wed 10-Sep-2014 zonecut: NY Premium: usD -273,300:4,800 (-268,500) Premium Date: Tue 02-Sep-2014 Client Receives: $268,500 (+S268,500 p/l) USDCNH Spot Ref: 6.147 <Client> sells European USD Put on USD/CNH Strike: 6.16 Notional: USD 75,000,000 Expiry: wed 12-Aug-2015 Settlement: Fri 14-Aug-2015 ZoneCut: TK Premium: USD -241,500 (0.322%/0.39%) Premium Date: Tue 02-Sep-2014 Client Receives: 4241,500 (-S31,500 p/1) (See attached file: ECB - QE In September 8.26.14.pdf) (Embedded image moved to file: pic25900.gif) Tazia Smith Director I Key Client Partners - US DB Securities Inc Deutsche Asset & Wealth Management 345 Park Avenue, 10154-0004 New York, NY, USA Tel. Fax Mobi Email (Embedded image moved to file: pic29296.gif) CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0124549 CONFIDENTIAL SDNY_GM_00270733 EFTA01462149