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sd-10-EFTA01369112Dept. of JusticeOther

EFTA Document EFTA01369112

From: Martin Zeman Sent: 4/2/2018 5:10:02 PM To: Stewart 0ldfield Subject: RE: Trade Details 04/02/2018 II) Classification: For internal use only Working on it. I talked to Paul today briefly and want to have a more detailed conversation tomorrow on what he imagines in terms of levels so we target the request in GM better. They hate it when we ask for 3 million prices without the client being clear on what they want. Had a great trip. Hope you have the same.... From: Stewart Oldfiel

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sd-10-EFTA01369112
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From: Martin Zeman Sent: 4/2/2018 5:10:02 PM To: Stewart 0ldfield Subject: RE: Trade Details 04/02/2018 II) Classification: For internal use only Working on it. I talked to Paul today briefly and want to have a more detailed conversation tomorrow on what he imagines in terms of levels so we target the request in GM better. They hate it when we ask for 3 million prices without the client being clear on what they want. Had a great trip. Hope you have the same.... From: Stewart Oldfiel

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From: Martin Zeman Sent: 4/2/2018 5:10:02 PM To: Stewart 0ldfield Subject: RE: Trade Details 04/02/2018 II) Classification: For internal use only Working on it. I talked to Paul today briefly and want to have a more detailed conversation tomorrow on what he imagines in terms of levels so we target the request in GM better. They hate it when we ask for 3 million prices without the client being clear on what they want. Had a great trip. Hope you have the same.... From: Stewart Oldfield Sent: Monday, April 02, 2018 5:01 PM To: Martin Zeman < Subject: Re: Trade Details 04/02/2018 II) Thanks. Did you get him some worst-of put prices? We made some KYC progress while you were out. Hope you had a good trip Stewart Oldfield, CFA, CAIA Director Deutsche Bank Trust Company Americas Deutsche Bank Wealth Management Email Securities offered through Deutsche Bank Securities Inc. On Apr 2, 2018, at 4:07 PM, Martin Zeman < > wrote: Classification: For Internal use only So that you know what's happening... From: Liam Osullivan Sent: Monday, April 02, 2018 4:06 PM To: • 'Richard Kahn Cc: Davide-A Sferrazza Avila < >; Joshua Shoshan Subject: Trade Details 04/02/2018 IC] Classification: Confidential Paul, >; Martin Zeman < >; Xavier CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0061205 CONFIDENTIAL SDNY_GM_00207389 EFTA01369112

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Subject: Re: Trade Details 04/02/2018 [I] From: Stewart Oldfield < En Date: Mon, 02 Apr 2018 17:23:46 -0400 To: Martin Zeman I think you only need to price two pairs with a couple of different structures (maturity and strike). Should be enough there for him to understand how it all works. I would be targeting greater than 10pct annualized coupon. Given some of the tech names, could be even higher. Stewart Oldfield, CFA, CAIA Director Deutsche Bank Trust Company Americas Deutsche Bank

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Subject: Re: Trade Details 04/02/2018 [I] From: Stewart Oldfield < Me Date: Mon, 02 Apr 2018 17:49:52 -0400 To: Martin Zeman And don't forget that we pitched this to him, not vice versa. So he doesn't necessarily have a view how terms should look. Stewart Oldfield, CFA, CAIA Director Deutsche Deutsche 345 Park Tel. Mobi Email Bank Trust Company Americas Bank Wealth Management Avenue. New York, NY 10154 Securities offered through Deutsche Bank Securities Inc. On Apr 2, 2018, at

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Subject: Re: Trade Details 04/02/2018 [I] From: Stewart Oldfield Date: Mon, 02 Apr 2018 17:01:10 -0400 To: Martin Zeman Thanks. Did you get him some worst-of put prices? We made some KYC progress while you were out. Hope you had a good trip Stewart Oldfield, CFA, CAIA Director Deutsche Deutsche 345 Park Tel. Mobi Email ■ Bank Trust Company Americas Bank Wealth Management Avenue, New York, NY 10154 Securities offered through Deutsche Bank Securities Inc. On Apr 2, 2018, at 4:07

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From: Stewart oldfield Sent: 3/23/2018 1:46:40 PM To: Martin Zeman ( Subject: FW: Please give me a quick call when you can From: Stewart Oldfield Sent: Friday, March 23, 2018 12:59 PM To: 'Richard Kahn Subject: RE: Please give me a quick call when you can All you need to do is acknowledge that the latest KYC info we have (which Martin attached) was sent by you. That should allow him to reuse it in order to enable the account for trading of credit derivatives (which Paul needs). So o

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Subject: RE: Trade Details 04 02 2018 I From: Martin Zeman Date: Mon, 02 Apr 2018 17:10:02 -0400 To: Stewart Oldfield ‹ > Classification: For internal use only Working on it. I talked to Paul today briefly and want to have a more detailed conversation tomorrow on what he imagines in terms of levels so we target the request in GM better. They hate it when we ask for 3 million prices without the client being clear on what they want. Had a great trip. Hope you have the same.... From: Stew

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