Subject: USD/MXN Follow-Up [C]
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 on 02/26/2014 04:18 PM
From: Tazia Smith/db/dbcom
Paul Morris, Vahe Stepania Date:
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,
EFTA01479473
Tazia
Used with permission of Bloomberg Finance LP
Tazia Smith
Director I Key Client Partners - US
Deutsche Bank Securities Inc
• i's I 11.1.i'll'l
EFTA01479474