From: Vahe Stepanian
Sent: 2/26/2014 4:23:24 PM
To:
CC: -; Paul Morris
Subject: USD/MXN Follow-Up [CI
Attachments: pic05814.gif; pic13921.gif; pic28567.gif
Classification: Confidential
Harry / Jeanne,
Per our conversation - Pershing uses the "end of day" (E00) price from the day
before settlement date. For the buy trade, they used EOD 1/1S. and for the
sell trade, they used EOD 1/28.
Both of Jeffrey's MXN Spot transactions were executed on the same trade date
as the bonds (1/14 and 1/27, respectively).
chart and Tazia's email included below. Please let me know should you have any
additional questions.
Thank you,
Vahe
Forwarded by vahe stepanian/db/dbcom on 02/26/2014 04:18 PM
From: Tazia smith/db/dbcom
To:
cc: Paul morris, vahe stepanian/db/dbcomODBAmericas
Date: 02/24/2014 11:44 AM
Subject: USDMXN [C]
Classification: confidential
Harry -
As discussed, I am following up to identify where those "Exchange Rates"
denoted with the bond purchase/sale on the monthly Pershing statements are
coming from. The below is just an illustration of the currency's volatility
over the relevant time period. I will be back with the explanation and
resolution ASAP.
Regards,
Tazia
(Embedded image moved to file: pic05814.gif)
used with permission of Bloomberg Finance LP
(Embedded image moved to file: pic13921.gif)
Tazia Smith
Director I Key client Partners - us
Deutsche Bank Securities Inc
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 123385
CONFIDENTIAL SDNY_GM_00269569
EFTA01461376