EFTA Document EFTA01414362

Subject: Re: indication on WTI risk reversals [C] From: Stewart Oldfield Date: Thu, 09 Jun 2016 11:51:19 -0400 To: Andrew King <andrew.king@db.com> Classification: Confidential Seems low. Where would be on a static basket of the top few positions? Can we swap to a managed account? With dynamic margin, maybe initial advance is higher. You should see if vahe has any ideas. Stewart Oldfield, CFA, CAIA Director Deutsche Bank Trust Company Americas Deutsche Bank Wealth Management 345 Park