Brazil CDS Payments
attached is brazil CDS interest payment whereby we pay 1% interest on 10,000,000 notional interest is for the period 9/21/2015 - 12/21/2015 = 91 days
10,000,000 x I% = 100,000 / 360 (used by bank) = 277.77 x 91 days = 25,277.78
please advise if ok to pay
thank you
Richard Kahn
HBRK Associates Inc.
575 Lexington Avenue 4th Floor
New York, NY 10022
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Begin forwarded message:
From: Ariane Dwyer
Subject: Brazil CDS and TWTR Payments
Date: December 31, 2015 at 3:12:12 PM EST
To: Richard Kahn
Cc: Darren Indyke, Vahe Stepanian, Daniel Sabba
Hi Rich,
Happy New Year!
Can you please confirm the following:
The below details of the quarterly Brazil CDS payment. Southern Financial pays a fixed rate of 1% per annum on a quarterly basis (executed confirm attached) and is due to pay DB $25,277.78
The below details of the TWTR monthly swap reset payment of $288,963.21
Once you confirm I will call Darren to verbally confirm the wire transfers.
Best,
EFTA01138689
Ari
Brazil CDS Quarterly Payment details
| Start | End | IDays | Rate | Spread | Notional | Date | Flows | Type | Ccy | Zero | Discount | Present Value |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 21/09/2015 | 21/12/2015 | 91 | 1.00000 | 0.00 | 10,000,000.00 | 21/12/2015 | 25,277.78 | INT | USD | 0.00 | 0.00 |
TWTR Monthly Payment Details
DB to Receive 288,963.21 USD
Interest: 1963.21 (LIBOR Rate=0.2438%)
Equity: 287,000.00
Reset Date: 28-December-2015
Value Date: 31-December-2015
Best,
Ari
Ariane Dwyer
Analyst | Key Client Partners - US
Deutsche Bank Securities Inc
Deutsche Asset & Wealth Management
345 Park Avenue, 26
New York, NY, 10154-0004
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EFTA01138690