EFTA01197480.pdf

From: Vinit Sahni To: [email protected] Cc: Paul Morris < Nav Gupta <I Subject: Re: Jeffrey - can we have a quick chat this am ? [C] Date: Wed, 09 Jul 2014 13:41:03 +0000 Inline-Images: unnamed; unnamed(1); unnamed(2); unnamed(3) Classification: Confidential Hi Jeffrey - looping in Nay and Paul. To recap: We will find a few funds, which we think have best performance characteristic and best fees for u. Loan Funds better than single loans as u don't need to bother booking single loans and servicing them. If we do decide to go bespoke best to do it in stage 2. just giving u broad characteristics of loan funds so that we are on the same page. 1) typical ratings for loans range between single B to BBB, the best loan funds concentrate on first lien collateralized senior loans 2) have daily NAV and MTM typically (to clarify these funds are not money market funds where price is par). Redemption liquidity ranges from daily to 90 days depending on fund. 3) spreads still around L + 3%-3.5%, duration close to zero as floating rate product. 4) size we are thinking is 10mm of cash from you, with 70% LTV so total size is 33mm levered right ? Vinit Vinit Sahni Managing Director I Global Head - Professional Client Group & Key Client Partners Capital Markets Group Deutsche Asset & Wealth Management Any proposed ideas are being delivered to you by the DeAWM Key Client Partners ("KCP") London desk for discussion purposes only, and do not create any legally binding obligation on the part of Deutsche Bank AG and / or its affiliates ("DB"). These ideas are for the consideration of the intended recipients of this mail only. The KCP London desk does not provide investment advice. All intended recipients are Professional investors (as defined by MiFID). who understand the strategy. characteristics and risks associated with any ideas proposed herein and will be able to evaluate it independently. All trades on proposed ideas shall be subject to the relevant internal approvals prior to execution. Petnitn,-tv-Peefonit. From: -Jeffrey E. [email protected]> To: Unit Sahniklb/dbcom©DBEMEA. Date: 09/072014 11:59 Subject: Re: Jeffrey - can we have a quick chat this am ? (CI EFTA01197480 On Wed, Jul 9, 2014 at 6:49 AM, Vinit Sahni < > wrote: Classification: Confidential Best Vinit Ir Vinit Sahni Managing Director I Global Head - Professional Client Group & Key Client Partners Capital Markets Group Deutsche Asset & Wealth Mena ment Ivered to you by the DeAWM Key Client Partners ("KCP') London desk for discussion purposes only, and do not create any legally binding obligation on the part of Deutsche Bank AG and / or its affiliates ("Da). These ideas are for the consideration of the intended recipients of this mail only. The KCP London desk does not provide investment advice. All intended recipients are Professional investors (as defined by MiFID). who understand the strategy. characteristics and risks associated with any ideas proposed herein and will be able to evaluate it independently. All trades on proposed ideas shall be subject to the relevant internal approvals prior to execution. RigSaWit7 Peeftron This e-mail may contain confidential and/or privileged information. If you are not the intended recipient (or have received this e-mail in error) please notify the sender immediately and delete this e-mail. Any unauthorized copying, disclosure or distribution of the material in this e-mail is strictly forbidden. Please refer to for additional EU corporate and regulatory disclosures and to for information about privacy. 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 EFTA01197481 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 This e-mail may contain confidential and/or privileged information. If you are not the intended recipient (or have received this e-mail in error) please notify the sender immediately and delete this e-mail. Any unauthorized copying, disclosure or distribution of the material in this e-mail is strictly forbidden. Please refer to for additional EU corporate and regulatory disclosures and to for information about privacy. EFTA01197482