EFTA01612062.pdf

Bill T-Mobile LTE 2:16 PM 3 Messages < CEO group - rully-ywu rICdSC I I !dike LI IC introduction to Jeffrey. Also, you may recall Jeffrey and I arguing over FX rates on cross- border payments...where big- money movements would be low cost but typical small business movements (our clients' clients might normally wire $10k or $20k) are subject to expensive retail rates. See attached excerpted pages (somewhat redacted for confidentiality purposes) done by Glenbrook Partners for a couple of banks recently (12 months ago) Perhaps useful to Jeffrey to understand why we consider cross-border payments an opportunity. EFTA01612062