EFTA Document EFTA01458356

3.25 - 3.5 3.00 - 3.0 2.5 2.75 - 3- 2.0 2.50 - 2.25 - 2.00 - l.75- t50- 1,25 - 2010 2011 40 2012 2013 2014 2015 - 1.5 - 1.0 0.5 r 0.0 I- -0.5 -1.0 -1.5 — USDTRY Spot, lhs — 'Stretch' (Standardized residual of spot vs 200dma), rhs The stretchometer for USDZAR is at 5-yr highs, but has retraced somewhat in the last 2 days (in line with the risk-on appreciation move observed across the EMEA high-yielders). 14 - 3.0 13 - 12 - 11 - 10 - 9 - 8 - 6 - 2010 2011 2012 2013 2014 2015 2.5 2.0 1.5 1.0  0.5 - 0.0 - -0.5 — USDZAR Spot, Its —'Stretch' (Standardized residual of spot vs 200dma), ms -1.0 USDRUB price action is also stretched, but we are still far below the 'stretch' levels we have seen in the recent past. CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 118240 CONFIDENTIAL SDNY_GM_00264424 EFTA01458356