EFTA01454181

From: Sent: To: CC: Subject: Paul Morris [paul.morris@db.comi 5/13/2014 7:21:31 AM Nav Gupta inav.gupta@db.coml; Tazia Smith Razia.smith@db.coml Vinit Sahni [vinit.sahni@db.com] Re: Fw: a suggestion from nav april 15 (CI Classification: Confidential Nav, thanks just keep showing trade ideas original message From: Nav Gupta Sent: 05/13/2014 08:10 All CDT To: Tazia Smith; Paul Morris Cc: vinit Sahni Subject: Re: Fw: a suggestion from nav april 15 [C] Classification: Confidential i showed 3E 4 trades Buy lOy BTPS - he would have made 18bp in a straight line incl transaction costs Buy Nationwide CoCo - which he transacted and is up 30bp on already Buy eurusd ly put - which he would be up v small on as eurusd has moved from 1.382->1.376 A penny option (6bp of notional) tactical 2week trade that didnt work he should focus on the big picture From: TO: Date: Subject: Tazia smith/db/dbcom@DBAMERIcAs Nav Gupta/db/dbcom@DBEMEA, vinit sahni/db/dbcombotscmcn, 12/05/2014 14:44 Fw: a suggestion from nav april 15 [C] Classification: Confidential see below. Spoke with Rich. He recommends, despite 3effrey's feed back, many more carry trades (eg high yielding bonds) and non-binary options (those that offer flexibility over the life). fyi only Forwarded by Tazia Smith/db/dbcom on 05/12/2014 09:40 AM From: To: Date: Subject: Richard Kahn <richardkahn12@gmail.com> Tazia Smith/db/dbcom@OBAMERICAS, 05/12/2014 09:19 AM Fwd: a suggestion from nav april 15 CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0112153 CONFIDENTIAL SDNY_GM_00258337 EFTA01454181