Subject: RE: Richard Kahn / Epstein Total Return Swap [I]
From: Stewart Oldfield
Date: Mon, 27 Jun 2016 11:41:02 -0400
To: Vahe Stepanian <a>,
Andrew King
Cc: Daniel Sabba
Joseph Dursi
Classification: For internal use only
Need the swap pricing as well
From: Vahe Stepanian
Sent: Monday, June 27, 2016 11:36 AM
To: Andrew King
Cc: Stewart Oldfield; Daniel Sabba; Joseph Dursi
Subject: RE: Richard Kahn / Epstein Total Return Swap [I]
Classification: For internal use only
This is a CRM question, will CC you on email to them.
From: Andrew King
Sent: Monday, June 27, 2016 11:27 AM
To: Vahe Stepanian
Cc: Stewart Oldfield; Daniel Sabba; Joseph Dursi
Subject: RE: Richard Kahn / Epstein Total Return Swap [I]
Classification: For internal use only
Vahe,
I've attached the basket we put together with the help of STG. Would you
mind working with Cap. Markets to determine the margin requirement on the
swap (Richard would like to keep it below 30% in order to get 3x leverage),
and the expected swap rate?
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Please let us know if you have any questions.
From: Vahe Stepanian
Sent: Friday, June 24, 2016 10:12 AM
To: Andrew King
Cc: Stewart Oldfield; Daniel Sabba
Subject: RE: Richard Kahn / Epstein Total Return Swap [I]
Classification: For internal use only
Interesting. Can you send over a proposed basket, tenor, etc. and I'll loop
in the right folks?
Thanks,
Vahe
From: Andrew King
Sent: Friday, June 24, 2016 10:04 AM
To: Vahe Stepanian
Cc: Stewart Oldfield
Subject: Richard Kahn / Epstein Total Return Swap [I]
Classification: For internal use only
Vahe,
Stew spoke to Richard yesterday who would like to move forward on a $20MM
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total return swap on a basket of preferreds.
We're going to put a basket together from the list of preferreds we
originally provided, but I thought I'd check to see if Capital Markets might
also be able to put together the basket for the swap.
Also, what are next steps to provide indicative terms to Richard?
Thanks in advance.
Best regards,
Andrew King
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Andrew King, CFA
Vice President I Investment Solutions Group
Deutsche Bank Securities Inc.
Deutsche Asset & Wealth Management
345 Park Avenue, New York, NY 10154
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