Subject: USD/MXN Follow-U
From: Vahe Stepanian <
Date: Wed, 26 Feb 2014 16:23:24 -0500
To:
Cc:
Paul Morris >
Classification: Confidential
Harry / Jeanne,
Per our conversation - Pershing uses the "end of day" (EOD) price from the day
before settlement date. For the buy trade, they used EOD 1/15, 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: r
Cc: Paul Morris, Vahe Stepanian/db/dbcom@DBAmericas
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.
EFTA01479470
Regards,
Tazia
(Embedded image moved to file: pic05814.gif)
Used with permission of Bloomberg Finance LP
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Tazia Smith
Director I Key Client Partners - US
Deutsche Bank Securities Inc
Deutsche Asset & Wealth Management
le
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EFTA01479471