EFTA01479038.pdf

Subject: Re: Southern Financial Commodity Vol Trade [C] From: Vinit Sahni ‹ > Date: Tue, 13 Jan 2 To: Dario Schiraldi Caroline Kitidi Chip Packard Cc: Michele Faissola Classification: Confidential Thanks caroline. Very happy to see the trade with Southern Financial and PSQ. Daniel has some very good ideas and great attitude. Post launch call hoping he gets some solid momentum. From: Dario Schiraldi Sent: Tuesday, January 13, 2015 08:58 PM W. Europe Standard Time To: Caroline Kitidis; Chip Packard; Vinit Sahni Cc: Michele Faissola Subject: Re: Southern Financial Commodity Vol Trade [C] Classification: Confidential Nice work! Dario Schiraldi Managing Director Deutsche Asset & Wealth Management Direct Mobile: From: Caroline Kitidis Sent: Tuesday, January 13, 2015 08:53 PM To: Dario Schiraldi; Chip Packard; Vinit Sahni Cc: Michele Faissola Subject: RE: Southern Financial Commodity Vol Trade [C] Classification: Confidential See below, transaction we did w CB&S today - KCP cap markets client (Southern Financial, PB relationship). Was the first trade done in North America on the Commodity Short vol index. All other transactions done by CB&S thus far have been w clients in Europe. In addition client did a credit trade in combination. We've been working with this client all year, he's done very limited business. We've been tracking all of the ideas we've pitched him thus far since October (you can see performance below) 4 with negative performance 11 with positive performance. He has been pleased with this, and started executing today, these ideas for the first time. EFTA01479038 We have our KCP capital markets launch call this week on Thursday where we will roll out KCP cap markets formally w Daniel Sabba and will also discuss ideas/performance. We also recently executed with PSQ (PB relationship), first transaction in Cap markets - Topix Swap, we were pleased with as we have been showing ideas and trying to make progress with this client as well, and again it's the first time they've traded with the Cap markets team. Good momentum starting w Daniel and team. fcid:1 [email protected] Kind regards, Caroline Kitidis fcid:[email protected] Caroline V. Kitidis Managing Director I Head of Key Client Partners & Wealth Investment Coverage - Americas Deutsche Bank Securities Inc Deutsche Asset & Wealth Management 345 Park Avenue, 26th Floor New York, NY 10154-0004 Tel. Mobil Email fcid:[email protected] From: Daniel Sabba Sent: Tuesday, January 13, 2015 2:15 PM To: Caroline Kitidis; Mathew Negus Subject: Southern Financial Commodity Vol Trade [C] Classification: Confidential EFTA01479039 See below - apparently this was the first commodity vol index trade in North America CB&S. The other trades were with European clients. A nice bullet point for future presentations on KCP. Forwarded by Daniel Sabba/db/dbcom on 01/13/2015 02:12 PM {cid:[email protected]} From: fcid:[email protected] To: {cid:[email protected]} Cc: {cid:[email protected]} Date: {cid:[email protected]} 01/13/2015 02:04 PM fcid:[email protected] Subject: {cid:[email protected]} SOFL - WTI vol index trade recap [C] EFTA01479040 Classification: Confidential Hi Daniel, thank you for your efforts in getting this trade done. This is the first commodity vol index trade in North America. Trade recap: OTC index swap Buyer: SOFL Seller: DBAG London Underlying: DB Commodity WTI Short Volatility II Index Bloomberg Ticker: DBCMWSV2 Index Trade Date: 13 Jan 2015 Effective Date: 13 Jan 2015 Expiry Date: 13 Jan 2016 Resets at end of each calendar quarter. For clarity reset dates are: 31- Mar-15, 30-Jun-15, 30-Sep-15, 31-Dec-15, 13-Jan-16 Settlements: T+2 Notional: $10,000,000 IA: $500,000 paid by SOFL to DBAG London on 14-Jan-2015. Upto 1.5% fees charged on exit under normal circumstances, irrespective of whether the exit is on scheduled Expiry Date or earlier. Strike: Underlying closing level on Effective Date Cash flows: On each reset date: Buyer receives: Notional / Strike * (Index closing level on reset date — Index closing level on previous reset date) For the first reset date, Index closing level on previous reset date = Strike Termsheet with additional details is attached. Official confirm will follow. Thanks, Icid:[email protected] Jatin Bindal Vice President I Commodity Structuring Deutsche Bank AG 60 Wall Street New York, NY 1000 Tel. Mob. Emai (See attached file: DBCMWSV2 index swap TS.pdf) EFTA01479041 EFTA01479042