From: Tazia Smith
To: jeevacation@gmail.com
Cc: Richard Kahn
Subject: Re: FX Indicative Levels [C]
Date: Tue, 02 Sep 2014 16:45:21 +0000
Inline-Images: unnamed; unnamed(1); unnamed(2); unnamed(3); unnamed(4); unnamed(5)
Classification: Confidential
understood working euro r/r at $322k or better
keeping USDCNH or sell there at -$205k?
Tazia Smith
Director I Key Client Partners - US
DB Securities Inc
Wealth Management
New York. NY. USA
Pasidoi,:frr Perform-
From: "affray E. leevar-ation@gmail.com>
To:
Cc: Richard Kahn < >
Date: 09/02/2014 12:41 PM
Subject: Re: FX Indicative Levels (C)
322k unwind euro
On Tuesday, September 2, 2014, Tazia Smith < > wrote:
Classification: Confidential
Got it Jeffrey - Given time since this morning, refreshed levels here to confirm you still want to unwind
both the EURUSD risk reversal and the USDCNH put. Tightened USDCNH as much as possible with
DB FX trading:
EFTA01190553
EURUSD Spot Ref: 1.3127
<Client> sells Put, buys Call on EUR/USD in a Risk Reversal
Put Strike: 1.345
Call Strike: 1.38
Notional: EUR 10,000,000 EUR
Expiry: Mon 08-Sep-2014
Settlement: Wed 10-Sep-2014
ZoneCut: NY
Premium: USD -322,700:5,100 (-317,600) ($317,600/$328,300)
Premium Date: Thu 04-Sep-2014
Client receives $317,600 (+317,600 p/I)
Source: DB FX Pricer 9/4/14
USDCNH Spot Ref: 6.1533
Leg 2: European Option Put
<Client> sells European USD Put on USD/CNH
Strike: 6.16
Notional: USD 75,000,000
Expiry: Wed 12-Aug-2015
Settlement: Fri 14-Aug-2015
ZoneCut: TK
Premium: USD -205,000 ($205,000/$265,000)
Premium Date: Thu 04-Sep-2014
Client receives $205,000 (-$68,000 p/I)
Source: DB FX Trading 9/4/14
1
Tazia Smith
Director I Key Client Partners - US
DB Securities Inc
Wealth Management
10154-0004 New York. NY. USA
Panitrpcirr Per
From: leffrey E." <jeevacation@gmaLcorn>
To: Richard Kahn ..: ".. Tazia Smithfc
Dale: 09/02/2014 12:11 PM
Subject: Re: FX Indicative Levels IC]
EFTA01190554
sell both positions
On Tue, Sep 2, 2014 at 11:06 AM, Richard Kahn • wrote:
Richard Kahn
HBRK Associates Inc.
New York, NY 10022
Begin forwarded message:
From: Tazia Smith <
Subject: FX Indicative Levels ICI
Date: Se tember 2, 2014 at 8:52:18 AM EDT
To:
Cc: Paul Morris < , Vahe Stepanian < >
Classification: Confidential
Indicative levels, subject to market movement. Source: DB FX Pricer, 9/2/14.
EURUSD Spot Ref: 1.312
<Client> sells Put, buys Call on EUR/USD in a Risk Reversal
Put Strike: 1.345
Call Strike: 1.38
Notional: EUR 10,000,000 EUR
Expiry: Mon 08-Sep-2014
Settlement: Wed 10-Sep-2014
ZoneCut: NY
Premium: USD -329,800:5,100 (-324,700)
Premium Date: Thu 04-Sep-2014
Client Receives $324,700 (+$324,700 p/I)
USDCNH Spot Ref: 6.152
Leg 2: European Option Put
EFTA01190555
<Client> sells European USD Put on USD/CNH
Strike: 6.16
Notional: USD 75,000,000
Expiry: Wed 12-Aug-2015
Settlement: Fri 14-Aug-2015
ZoneCut: TK
Premium: USD -186,000 (.248%/.345%)
Premium Date: Thu 04-Sep-2014
Client Receives $186,000 (-$87,000 p/I)
Tazia Smith
Director I Key Client Partners - US
DB Securities Inc
Deutsche Asset & Wealth Management
w York, NY, USA
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constitute inside information, and is intended only for
the use of the addressee. It is the property of
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Unauthorized use, disclosure or copying of this
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This communication may contain confidential and/or privileged information.
If you are not the intended recipient (or have received this communication
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Deutsche Bank does not render legal or tax advice, and the information
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