Jeffrey - in working with Nay, we think EUR 10mm on each leg.
At that size, if EURUSD strengthens -2-3%, losses would be approx. $300k.
Please confirm size and we'll execute. Thank you.
Vahe
Vahe Stepanian
Associate I Wealth Investment Coverage
Deutsche Bank Securities Inc
Deutsche Asset & Wealth Management
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New York. NY 10154-06O4
Tel. +1 (212)454-1539
Fax +1 (646) 257-3131
Mobi
Ems
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From 'hoffroy rjoevacationetomail coop
To- Vahe Stepaniarildbfdbcom©DBAmericas,
Date 06/06201408.49 AM
Subject Re: EURUSD Pricing IC]
zero cost. size recommend?
On Fri, Jun 6, 2014 at 6:05 AM, Vahe Stepanian aata wrote:
Classification: Confidential
Good Morning Jeffrey,
Two-way pricing below on the EURUSD collar. Note non-farm payrolls in —25 minutes, so please let
us know should you wish to trade ahead of that.
Spot Ref: 1.3640
Expiry: 3m (8 Sep 2014 expiry)
Notional: Up to EUR 50mm (each leg)
For a Zero-Cost Collar:
Client buys 1.3405 EUR Put / USD Call
Client sells 1.38 EUR Call / USD Put
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 123978
CONFIDENTIAL SDNY_GM_00270162
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