EFTA01459818.pdf

From: Paul Morris Sent: 3/1/2016 10:37:17 AM To: Vahe Stepania CC: Ariane Dwyer Subject: FW: Brazil CDS Unwind Recap - 1/15/2016 [CI Classification: Confidential Hi was there p& Ion the unwind? Paul Morris Managing Director Deutsche Bank Private Bank From: Vahe Stepanian Sent: Friday, January 15, 2016 3:18 PM To: Jeffrey E. Cc: Daniel Sabba; Ariane Dwyer; Paul Morris; Stewart Oldfield; Richard Kahn Subject: Brazil CDS Unwind Recap - 1/15/2016 [C] Classification: Confidential Jeffrey — Brazil CDS recap: BraSov default swap with SOUTHERN FINANCIAL LLC DB Buys default protection on FEDERATIVE REPUBLIC OF BRAZIL NOTIONAL : USD 10,000,000 TRADE DATE : 15-Jan-2016 IM% : None (unwind) EFFECTIVE : 16-Jan-2016 TERMINATION : 20-Mar-2020 REF OB : BRAZIL 12.25% OF 03/30 ISIN: US105756AL40 CREDIT EVENTS : Failure to Pay, R, Repudiation/Moratorium ISDA Definition : 2014 SPREAD : 462 bps per annum (COUPON: 100 bps per annum) UPFRONT FEE : DB Pays USD 1,311,509.00 STANDARD TRADE : Yes HARDWIRING : Yes CLEARING HOUSE : No Official trade confirm to follow. Thank you, Vahe From: Vahe Stepanian Sent: Friday, January 15, 2016 1:04 PM To: 'Jeffrey E.' Cc: Daniel Sabba; Ariane Dwyer; Paul Morris; Stewart Oldfield; 'Richard Kahn' Subject: RE: Indicative Brazil CDS Unwind Level [C] Classification: Confidential CONFIDENTIAL - PURSUANT TO FED. R. GRIM. P. 6(e) DB-SDNY-0 120526 CONFIDENTIAL SDNY_GM_00266710 EFTA01459818