From: Paul Morris Sent: 11/11/2014 11:17:44 AM To: Daniel Sabba CC: Stewart 0ldfield Subject: Re: does that work? should we add anything or take anything out? Ill Attachments: pic32030.gif; pic28040.gif Classification: For internal use only don't think u need to worry about the commission Paul Morris Managing Director Deutsche Bank Private Bank 345 Park Avenue, 27th Floor New York. NY 10154 From: Daniel sabba/db/dbcom To: Stewart oldfield/db/dbcomODBAmERIcAs, Cc: Paul morris/db/dbcomODBAMERICAS Date: 11/11/2014 10:23 AM subject: Re: does that work? should we add anything or take anything out? [I] classification: For internal use only funds would likely get a lower commission than 3 cents, depending on activity. but )E has historically paid 6cents on his equity transactions. having said that the bullet point refers to the financing charge, not the commission. would you change the language to represent that? From: Stewart oldfield/db/dbcom To: Daniel sabba/db/dbcom@DBAMERICAs, Paul Morris/db/dbcomQOBAMERICAS, Date: 11/11/2014 10:16 AM subject: Re: does that work? should we add anything or take anything out? [I] classification: For internal use only would we charge a hedge fund 3 cents execution? That seems a little rich Stewart oldfield, CFA, CAIA Deutsche Bank Trust company Americas Deutsche Asset & wealth Management 345 Park Avenue, New York, NY 10154 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0070414 CONFIDENTIAL SDNY_GM_00216598 EFTA01375183