From: Daniel Sabba Sent: 10/31/2015 6:41:51 PM To: Chip Packard Subject: RE: Trade Report 10/30/2015 [CI Bearish Korean currency and bullish Japanese Yen. He believes we are in the beginning of a deterioration cycle for EM economies due to China slowdown and Fed hiking and Korea is one of the countries to be affected. He played a similar view through credit default swaps in Brazil earlier in the year and made a lot of money on the trade. --Original Message--- From: Chip Packard Sent: Saturday, October 31, 2015 11:36 AM Pacific Standard Time To: Todd Stevens; Daniel Sabba Subject: Re: Trade Report 10/30/2015 [C] Well done. What view is he expressing? Chip Packard Managing Director, Co-Head Wealth Management Americas Deutsche Asset & Wealth Management Email: c • .com Phone: From: Todd Stevens Sent: Friday, October 30, 2015 5:04 PM To: Daniel Sabba Cc: Chip Packard Subject: Re: Trade Report 10/30/2015 [C] Great On Oct 30, 2015, at 5:00 PM, Daniel Sabba a wrote: FYI - JE traded this as a follow up from calling him on Turkey credit and USDCNH. ---Original Message--- From: Vahe Stepanian Sent: Friday, October 30, 2015 01:57 PM Pacific Standard Time To: Jeffrey E. Cc: Daniel Sabba; Ariane Dwyer; Paul Morris; Stewart Oldfield; Richard Kahn Subject: Trade Report 10/30/2015 [C] Classification: Confidential Jeffrey — today you executed the following: CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0122797 CONFIDENTIAL SONY GM_00268981 EFTA01461010