Subject: Southern
From: Jj Litchford
Date: Fri, 09 Oct 2015 12:48:38 -0400
To: Stewart Oldfielcr,
Paul Morris
Classification: For internal use only
Southern Trust is wiring in $15MM today so I took it as an opportunity to
look through their accounts this morning (at Paul's suggestion).
Their brokerage currently has $8MM with a few things it may be interesting
to consider/ start some dialogue around:
1) They have $1.3MM sitting in a money market fund
2) They hold $2MM in Venezuelan debt set to mature later
this month (on 10/28)
3) One bond pays dividends in GBP so they have 175K in GBP
All together, that is —$3.6MM that will be investible and we could use to
pitch ideas. Thought this might get the ball rolling...
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JJ Litchford
Associate Banker
Deutsche Bank Trust Company Americas
Deutsche Asset & Wealth Management
345 Park Avenue, 24th Floor
New York, New York 10154
Tel.
Mobile
Email
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EFTA01420777