RE: SF OTC trade on the books C
Rich,
Please see below. You have one outstanding OTC position on, which should be straightforward to unwind. Note that it is hedging a bond you own. Thanks
Stew,
Southern Financial LLC (account N4G023804) holds EUR 2.5mm face of COFP 4.407 08/06/19:
TRADE DATE QUANTITY
DESCRIPTION
CUSIP
MARKET PRICE
(POSITION CCY)
POSITION VALUE
(POSITION CCY)
FX RATE
(TO USDE)
POSITION VALUE (USDE)
TYPE
2,500,000.0000
CASINO, GUICHARD-PERRACHON SA ISIN#FR0011301480 4.407% 08/06/19 REG DTD
08/03/12 N/C
F1413LCN4
99.6200
2,490,500.00
1.14070
2,840,913.35
CORPORATE DEBT
We executed a EURUSD forward (v/d 06 Aug 19) that is still on the books. MtM is $87k in favor of client, per latest valuation statement:
Southern Financial LLC (account N4G026161) holds 100k shares of AAPL and some cash from dividends as collateral for OTC trades:
TRADE DATE QUANTITY
SYMBOL
DESCRIPTION
CUSIP
MARKET PRICE
(POSITION CCY)
POSITION VALUE
(POSITION CCY)
FX RATE
(TO USDE)
POSITION VALUE
(USDE)
TYPE
100,000.0000
AAPL
APPLE INC COM
037833100
175.4600
17,546,000.00
1.00000
17,546,000.00
EQUITY
73,091.3300
DBDA
INSURED DEPOSITS PROGRAM
PER980411
1.0000
73,091.33
1.00000
73,091.33
MONEY FUND
Client would need to unwind the FX hedge, at which point we could consolidate the Southern Financial LLC assets (i.e. move assets from the collateral account to the main trading account).
Regards,
Davide
Davide Sferrazza
Associate I Investments & Trading Institutional Wealth Partners
Deutsche Bank Securities Inc.
Deutsche Bank Wealth Management
345 Park Avenue, 24th Floor
New York, NY, 10154, USA
Visit us: http://deutschewealth.com
IWP products and services are intended for and available only to sophisticated, experienced investors who qualify as "institutional accounts" under FINRA Rule 4512(c)(3), and are capable of evaluating the investment benefits and risks of, and exercising independent judgment in evaluating and determining whether to enter into, sophisticated trading strategies and financial transactions. Transactions are subject to relevant internal approvals of Deutsche Bank or its affiliates prior to execution, and no transaction, idea or opportunity discussed herein may be executed unless you are a client of Deutsche Bank and of the Institutional Wealth Partners group (IWP).
Material herein regarding IWP products, investment ideas and solutions is for discussion purposes only. While brokerage services offered through the IWP Americas desk may include investment recommendations and brokerage advice, IWP does not provide investment management or investment advisory services, and private market opportunities and other products and services available through IWP are offered only on a non-advisory basis.
This communication is confidential and personal to you, solely for your information and for discussion purposes only, and does not create any legally binding obligation. Reproduction or distribution of any material herein without our written consent is strictly forbidden.
can you please show us market where this bond can be sold thank you
Richard Kahn
HBRK Associates Inc.
575 Lexington Avenue 4th Floor
New York, NY 10022
please sell this bond at 101.25 or better
once bond settles i would like to exchange euros for USD then take off our hedge
please call darren to confirm
thank you
Richard Kahn
HBRK Associates Inc.
575 Lexington Avenue 4th Floor
New York, NY 10022
Darren & Rich,
Today's transactions in SFLLC:
Sold 2,500m COFP 4.407 08/06/19 at 101.275 Euros
Sold 2,588,924.52 Euros at 1.13334
The EUR Forward has been unwound. We will have final details when the present value calculations are complete.
Thank you,
Liam
Liam O'Sullivan
Investments & Trading I Institutional Wealth Partners
DB Securities Inc Deutsche Bank Wealth Management 345 Park Avenue. New York. NY 10154-0004, USA
Visit us: http://deutschewealth.com.
Prepared on 02/07/2019 Source: Pershing NetX 360 Unofficial trade confirmations use information from sources that the firm believes to be reliable, but Deutsche Bank Securities Inc. cannot guarantee the accuracy of this information, or the reliability of these sources. Please refer to your official account statements and confirmations for all trade information
IWP products and services are intended for and available only to sophisticated, experienced investors who qualify as "institutional accounts" under FINRA Rule 4512(c)(3), and are capable of evaluating the investment benefits and risks of, and exercising independent judgment in evaluating and determining whether to enter into, sophisticated trading strategies and financial transactions. Transactions are subject to relevant internal approvals of Deutsche Bank or its affiliates prior to execution, and no transaction, idea or opportunity discussed herein may be executed unless you are a client of Deutsche Bank and of the Institutional Wealth Partners group (IWP).
Material herein regarding IWP products, investment ideas and solutions is for discussion purposes only. While brokerage services offered through the IWP Americas desk may include investment recommendations and brokerage advice, IWP does not provide investment management or investment advisory services, and private market opportunities and other products and services available through IWP are offered only on a non-advisory basis.
This communication is confidential and personal to you, solely for your information and for discussion purposes only, and does not create any legally binding obligation. Reproduction or distribution of any material herein without our written consent is strictly forbidden.
Darren and Rich,
The password for the NPV document = winter2019
Please let me know if you have any issues.
Regards,
Davide
Davide Sferrazza
Investments & Trading I Institutional Wealth Partners
Deutsche Bank Securities Inc.
Deutsche Bank Wealth Management
345 Park Avenue, 24th Floor
New York, NY. 10154. USA
Visit us: http://deutschewealth.com
IWP products and services are intended for and available only to sophisticated, experienced investors who qualify as "institutional accounts" under FINRA Rule 4512(c)(3), and are capable of evaluating the investment benefits and risks of, and exercising independent judgment in evaluating and determining whether to enter into, sophisticated trading strategies and financial transactions. Transactions are subject to relevant internal approvals of Deutsche Bank or its affiliates prior to execution, and no transaction, idea or opportunity discussed herein may be executed unless you are a client of Deutsche Bank and of the Institutional Wealth Partners group (IWP).
Material herein regarding IWP products, investment ideas and solutions is for discussion purposes only. While brokerage services offered through the IWP Americas desk may include investment recommendations and brokerage advice, IWP does not provide investment management or investment advisory services, and private market opportunities and other products and services available through IWP are offered only on a non-advisory basis.
This communication is confidential and personal to you, solely for your information and for discussion purposes only, and does not create any legally binding obligation. Reproduction or distribution of any material herein without our written consent is strictly forbidden.