From: Daniel Sabba

From: Daniel Sabba To: mjeevacation@gmail.comm <jeevacation@gmail.com> CC: Vahe Stepanian , Ariane Dwyer , , Paul Morris Subject: RE: Fwd:[/] DB Latam 5y CDS Run [C] Date: Fri, 13 Mar 2015 12:25:46 +0000 Classification: Confidential Brazil CDS at 307 / 313. USDBRL at 3.1915. From: Daniel Sabba Sent: Tuesday, March 10, 2015 4:44 PM To: leevacation@gmall.com' Cc: Vahe Stepanian; Mane Dwyer; Subject: RE: Fwd:[/J DB Latam Sy CDS Run [C] Classification: Confidential Brazil CDS closed at 289/294, up 15bps. From: Daniel Sabba Sent: Tuesday, Mardi 10, 2015 10:22 AM To: leevacation@gmall.conf Cc: Vahe Stepanian; Mane Dwyer; Subject: RE: Fwd:[/J DB Latam Sy CDS Run [C] Classification: Confidential Brazil CDS at 285/290. ; Paul Morris ; Paul Morris From: Daniel Sabba Sent: Monday, March 09, 2015 4:17 PM To: leevacation@igmall.com' Cc: Vahe Stepanian; Arlane Dwyer; Subject: RE: Fwd:[/J DB Latam Sy CDS Run [C] Classification: Confidential Brazil CDS closed at 274/279. From: Daniel Sabba Sent: Monday, March 09, 2015 9:06 AM To: 'jeevacation@gmail.com' Cc: Vahe Stepanian; Ariane Dwyer; Subject: Fw: Fwd:[/] DB Latam Sy CDS Run ; Paul Molls ; Paul Morris EFTA00862321 Classification: Public Brazil cds at 262/266. From: Kcpan Deutsche Bank (DEUTSCHE ASSET MANAG) (mallto:kdeutschebalabloomberg.net] Sent: Monday, March 09, 2015 09:04 AM Subject: Fwd:(/] DB Latam Sy CDS Run Sent from Bloomberg Professional for iPhone — Original Message — From: MARC APPEL (DEUTSCHE BANK SECURI) To: KCPCM DEUTSCHE BANK At: Mar 9, 2015 8:45:53 AM Brazil 262/266 +9 Chile 90/96 unc Colombia 156/162 +2 Mexico 119/122 +2 Panama 125/135 unc Peru 122/128 unc Ven Spd 4116/4330 +0 Ven Upf 60.9/61.9 unc CDXEM21 102.10/30 -.06 Sprd:443(+2) FV:102.34 (.14 cheap) CDXEM22 87.70/85 -.05 Sprd:395(+2) FV:87.80 (.02 cheap) CDXEM 21/22 roll 14.38/14.48 This has been prepared solely for informational purposes. It is not an offer, recommendation or solicitation to bu y or sell, nor is it an official confirmation of terms. It is based on information generally available to the public fro m sources believed to be reliable. No representation is made that it is accurate or complete or that any returns ind icated will be achieved. Changes to assumptions may have a material impact on any returns detailed. Past perfor mance is not indicative of future returns. Price and availability are subject to change without notice. Additional i nformation is available upon request. This communication may contain confidential and/or privileged information. If you are not the intended recipient (or have received this communication in error) please notify the sender immediately and destroy this communication. Any unauthorized copying, disclosure or distribution of the material in this communication is strictly forbidden. Deutsche Bank does not render legal or tax advice, and the information contained in this communication should not be regarded as such. EFTA00862322