Vahe Stepanian

Jeffrey - please see below. This has been prepared solely for informational purposes. It is not an

Signed NDA is attached

Classification: Confidential Relevant Brazil update. 5y on the run CDS at 384. USDBRL 3.8485. My

Darren and Rich, Please find attached the ISDA amendments for Southern Financial and Southern Trust

I have an RTY vs SPY outperformance option on. Would take a look once the dots are in place. Looks

One bullet swap. Let's do some smart trades once we have the docs in place. From: Paul Barrett [ma

Hi Tazia, Here are some trades we're thinking about that Nav suggested you may wish to highlight to

Happy New Year Jeffrey - Below please find key themes and trade ideas from Vinit and Nav's DB KCP G

Paul — we send this morning piece below to a list of our mainly LatAm clients every morning. Would y

Nick — there is a lot we can improve with regards to process... Having clear accountability and clar

Attachments: Using Russell puts as a proxy to short HY market. [C) (3.49 KB).msg; FW (BN) As Lula C

Classification: Confidential 2k???

please advise on PDVSA Richard Kahn HBRK Associates Inc.

Classification: Confidential CDS at highs again. Your position at last night's close was at 1,017,4

Classification: Confidential Let's follow-up on our chat last week Paul Morris Managing Director D

Paul, Vahe Stepanian referred us to you about a potential opportunity to invest in a special purpos

Good morning - Our spot desk view for your EUR puts, Paul. TODAY'S DATA - US- NFP-Wholesale Trade-

Vahe sound like he is looking for pricing for long yen /short Korean won, let's get this to him toda

Intended to cc you, je called to tell me rich called the desk for pricing on yen/krw and was told li

Thx he called Paul Morris Managing Director Deutsche Bank Private Bank Office: Cell:

Jeffrey — we're following up our phone calls earlier this week with two trade ideas: 1) Buy Turkey

Thx he called Paul Morris Managing Director Deutsche Bank Private Bank

Intended to cc you, je called to tell me rich called the desk for pricing on yen/krw and was told li

Jeffrey - Just tried your cell. You are done on 36,600 at $24.22315. Do you want to pull back the th

Ok got it no problem!

Pass

Just wanted to let you know that the amendments have been received and the funds are being posted to

Jeffrey - today you executed the following: BTC 1000 AAL Jan 20 Puts @ $0.71182 STC 1000 AAL Jan 20

Is Rich all set? (Embedded image moved to file: pic09532.gif)

Classification: For internal use only https://cointelegraph.com/news/bitcoin-bursting-with-potentia

Subject: October 2013 Date: Tue, 01 Oct 2013 23:23:40 +0000 2013 October Tues. Oct 1, 2013 LSJ W

Acknowledged, and adding the main coverage team here. We'll be back to you.

Classification: For internal use only Paul, We can book and trade NonAgency MBS. Vahe, Please call

Paul — Turkey 5y CDS currently —235 on the back of election results. {cid: image002.jpg@01D11549.5C

there was an election this weekend? shouldnt that have been part of the analysis. a MAJOR part. an e

Classification For internal use only Paul — Turkey Sy CDS currently —235 on the back of election re

Paul <u>— just</u> returned your call. Give me a call at your convenience @

Forwarded message From: Tazia Smith <tazia.smith@db.com=/a>> Date: Tue, Nov 12, 2013 at 3:55 PM Subj

Hi Bella - as a follow up to the below. We recognize that you would like to pull out cash today. To

Hey vahe - Darren needs to bring the original signed form (the branch will file it) and an ID to the

just tried calling you call me when you have time Best Regards, Irina Yablochnik Vice President Op

Daniel, are you reviewing before going out to clients? Paul Morris Managing Director Deutsche Bank

Good morning. Rothschild is back to the 28 EUR level. Our indicated seller cares around the 28.50 l

Classification: For internal use only Yes, please see the last line of the IFA. It needs to be atta

yes please thank you Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York, NY

Good Morning Richard and Tazia, In the event you still care in Rothschild, volumes continue to be a

Good Morning Richard and Tazia, In the event you still care in Rothschild, volumes continue to be a

Good Morning Richard, Very little activity so far today on Rothschild. Our trader had working orde

Attachments: Frank Queally.vcf; Rahul Baig.vcf; Rahul Vaid.vcf; Joshua Cooper Ramo.vcf; Randy Russel

Any update on bid ask for 100k Roth ? Richard Kahn HBRK Associates Inc. 575 Lexington Avenue, 4th F