EFTA01387065.pdf

ZAR Corr Difference Strike 82.50% Max 92.68% -10.I8% Average 79.72% 2.78% Min 48.08% 34.42% Above Strike 45.09% Below Strike 54.91% MXN Corr Difference Strike 78.00% Max 87.46% -9.46% Average 63.70% 14.30% Min 10.91% 67.09% Above Strike 17.52% Below Strike 82.48% 100% 92% ED% Ir .. 50% 6092AR-05132AR 1y railcar 3344 6097AR-0532AR 3m nil co/ 20% I 2007 2008 2009 2010 2011 2312 2013 2014 2015 2016 2317 100% SD% 60% Co% 20% DAWN- U931.1304 1y mai tort EURM)04419DMXN Intake/it 0% — 77% •20% 20C/ 2308 2009 2310 2011 2012 2013 2014 201S 2016 2017 From: Xavier Avila Sent: Wednesday, December 06, 2017 1:15 PM To: 'Paul Barrett Cc: Stewart Oldfield < >; Joshua Shoshan >; Martin Zeman Subject: RE: DB FX trade idea: EURZAR-USDZAR correlation swap Paul, we tried to call you on the corr swap. CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0089124 CONFIDENTIAL SDNY_GM_00235308 EFTA01387065