Epstein Files Search

EFTA01377135Set 10

2017-01-011p219w

CDS spreads do not reflect Deutsche Bank's risk or funding costs CDS spreads have had limited correlation with DB's cost of funding or issuance plans Comments ... German bail-in law from 1 January 2017 200 Senior unsecured debt (which CDS spreads reference) will be legally subordinated to 150 deposits and operational liabilities CDS can no longer ... there has been limited correlation between Deutsche Bank's CDS spreads and the Bank's funding costs (1) Based on the 4 week moving average issuance spread. ATI instruments excluded

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01377135.pdf

EFTA01458992Set 10

2015-12-081p177w

liquidity !Figure 16: Large cap• miner net debt to EBITDA !Figure 17: Glencore IY CDS spread Rem 1200 bps but rot enough to onset the ..—.GtencoretY CDS spread 30 speedo

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01458992.pdf

EFTA01103701Set 9

2014-11-0389p57,380w

Neutral British Airways CDS (5y mid I 20bp, close 29-Apr) and expect CDS spreads to continue to reflect uncertainty over future issuance plans from British Airways PLC after

https://www.justice.gov/epstein/files/DataSet%209/EFTA01103701.pdf

EFTA02464104Set 11

2016-05-2210p952w

requested; * =C2* List of Fixed Income Names Bucke= Refer=nce Entity Type Weight Sy CDS Spread Moody's</=> S&P Fitch 1 Sovereign Portuguese Republic Senior 5.00% 1 EFTA

https://www.justice.gov/epstein/files/DataSet%2011/EFTA02464104.pdf

EFTA02463079Set 11

2016-05-2310p918w

requested; * =C2* List of Fixed Income Names Bucke= Refer=nce Entity Type Weight Sy CDS Spread Moody's</=> S&P Fitch 1 Sovereign Portuguese Republic Senior 1 EFTA

https://www.justice.gov/epstein/files/DataSet%2011/EFTA02463079.pdf

EFTA01459616Set 10

2016-02-051p720w

signs that risks are moving on the downside. The increasing 0 euro-area financial CDS spreads in recent weeks bears watching if it signals a -1 new bout of uncertainty

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01459616.pdf

EFTA01169186Set 9

8p5,861w

governance. Credit • A calmer week in credit markets than some oflate. US bond and CDS spreads continued their upward bleed, ending slightly wider on the week. Volatility remains elevated, however

https://www.justice.gov/epstein/files/DataSet%209/EFTA01169186.pdf

EFTA00759232Set 9

2010-05-155p1,140w

LIBOR and dramatic tightening of the interbank funding market, a further widening if European CDS spreads, and/or internal political activities in any EU state. In this scenario, which is receiving

https://www.justice.gov/epstein/files/DataSet%209/EFTA00759232.pdf