these have been unique times for FX trading. CB&S's view is that this client demanded a disproportionate amount of time on the repeated pricing iterations. As discussed, it is imperative to preserve goodwill with the CB&S channel — they have been true partners to us, and we believe they have a point about the client's request this time. Daniel CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 117420 CONFIDENTIAL SDNY_GM_00263604 EFTA01457750