EFTA01453249.pdf

getting on a train tonight. Deutsche Bank securities, Inc. Deutsche Asset & wealth Management 345 Park Avenue - 26th Floor New York, NY 10154 Tel: (212) 454-2889 Mobile: Fax: (64111, 1 1111111 E-mail: on''inal Message From: Sent: 03 2014 06:53 PM EDT To: Subject: Fw: Trade Report 3 WTI Zero Cost Risk Reversal [C] Classification: Confidential He mentioned this trade in our mtg yesterday, next time we need to show him the trades faster, if any uncertainty just call him, he's not happy Original Message From: Sent: 03 13 2014 06:01 PM EDT To: " effre stein" <'eevacation mail.com> Cc: <r1C dr nladgmai .com,> Subject: Trade Report 3/13/14 - WTI Zero Cost Risk Reversal [C] Classification: Confidential Jeffrey - As discussed, today you executed the following: Underlying: Jun14 WTI Bloomberg code: cLm4 <comdty> RMs counterparty code: SOFL SOFL buys $101 call SOFL sells $93.5 put Premium: Zero Notional: 100,000 bbls on each leg Both legs knock out if on any day CUM fixes below S20/bbl. Initial Margin = 13% Deutsche Bank Securities, Inc. Deutsche Asset & Wealth Management 345 Park Avenue - 26th Floor CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 110759 CONFIDENTIAL SDNY_GM_00256943 EFTA01453249