Subject: Re: USD/MXN Follow-U
From: Vahe Stepanian <
Date: Wed, 26 Feb 2014 16:36:00 -0500
To:
Cc: Paul Morris < >,
Classification: Confidential
Harry - further (per our conversation), the spot trades were executed as
follows:
1) 1/14: Bought MXN 39,253,441.02 @ 13.0975 (USD $2,997,017.83)
2) 1/27: Sold MXN 38,199,653.10 @ 13.4415 (USD $2,841,918.91)
These were executed at the same time as the buy/sell of the Mex bonds
Hope this helps.
Vahe
From: Vahe Stepanian/db/dbcom
To:
Cc: , Paul Morris/db/dbcom@DBAMERICAS
Date: 02/26/2014 04:23 PM
Subject: USD/MXN Follow-Up [CI
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,
EFTA01479475
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/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.
Regards,
Tazia
(Embedded image moved to file: pic13533.gif)
Used with permission of Bloomberg Finance LP
(Embedded image moved to file: pic17650.gif)
Tazia Smith
Director I Key Client Partners - US
Deutsche Bank Securities Inc
Deutsche Asset & Wealth Mana•ement
EFTA01479476
(Embedded image moved to file: pic19105.gif)
EFTA01479477