EFTA01462577.pdf

Subject: Update: Jun14 WTI 101/93.50 Risk Reversal, $0.95/bbl (Cl From: Tazia Smith < Date: Mon, 24 Mar 2014 09:59:42 -0400 To: eevacationB•mail.com Cc: Vinit Sahni Nav Gupta Paul Morris < Vahe Stepanian Classification: Confidential Jeffrey - Jun14 crude contract higher this morning, as you know. Indicative bid on your Zero cost risk reversa 1 is $0.95/bbl vs spot of CLM4 spot of $99.35. You're up $95,000. (Embedded image moved to file: pic05333.gif) (Embedded image moved to file: pic12606.gif) Tazia Smith Director I Key Client Partners - US Deutsche Bank Securities Inc Deutsche Asset a Wealth Management 345 Park Avenue, 26th Floor New York, NY 1 1 4 Tel. Fax Mobile Email (Embedded image moved to file: pic05191.gif) EFTA01462577