EFTA Document EFTA01435663
Subject: Re: RIN follow up From: Stewart Oldfield e > Date: Mon, 16 Apr 2018 22:42:12 -0400 To: Paul Barrett Cc: Vahe Stepanian Sounds good. We will call you. Thanks. 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 16, 2018, at 7:45 PM, Paul Barrett <a> wrote: Let's chat tomorrow morning. Paul Barrett
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Subject: Re: RIN follow up From: Stewart Oldfield e > Date: Mon, 16 Apr 2018 22:42:12 -0400 To: Paul Barrett Cc: Vahe Stepanian Sounds good. We will call you. Thanks. 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 16, 2018, at 7:45 PM, Paul Barrett <a> wrote: Let's chat tomorrow morning. Paul Barrett
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EFTA Document EFTA01433740
Subject: RE: RIN follow up From: Stewart Oldfield < › Date: Thu, 19 Apr 2018 12:06:24 -0400 To: Paul Barrett Cc: Vahe Stepanian Will come back with answers shortly. Thanks From: Paul Barrett [mailto: Sent: Thursday, April 19, 2018 12:00 PM To: Stewart Oldfield Cc: Vahe Stepanian < Subject: RE: RIN follow up Stu 2 questions for the team: Are the loans on completed infrastructure projects or more like construction loans? How do we have recourse on an essential infrastructure asset?
EFTA Document EFTA01388935
From: Paul Barrett Sent: 4/16/2018 7:45:25 PM To: Stewart 0ldfield ■ CC: Vahe Stepanian Subject: Re: RIN follow up Let's chat tomorrow morning. Paul Barrett Alpha Group Capital LLC 142 W 57m Street, 11''' Roo New YorL NY 10019 (c) On Apr 16, 2018, at 6:11 PM, Stewart Oldfield wrote: Paul, Please let us know when it makes sense to follow up next on RIN. I'd also like to chat a bit about your inventory finance trade when you have a few minutes. Hope all is well, Stew <i mage0
EFTA Document EFTA01434814
Subject: RE: RIN follow up From: Vahe Stepanian Date: Fri, 20 Apr 2018 14:16:02 -0400 To: Paul Barrett Cc: Stewart Oldfield Martin Zeman No problem, happy to help. The team assumes a 50bps p.a. default rate, and I would point you to page 29 of the book to support this point. Also worth looking at the scenario analysis on pg. 40 — think scenarios 1-7 are particularly relevant because the 50bp issuance costs are in line with RIN I (vs. 2% for a BSL). Thank you, Vahe From: Paul Barrett
EFTA Document EFTA01435182
Subject: FW: RIN follow up From: Stewart Oldfield ‹ > Date: Thu, 19 Apr 2018 12:06:02 -0400 To: Matt Glassman fyi From: Paul Barrett [mailto: Sent: Thursday, April 19, 2018 12:00 PM To: Stewart Oldfield Cc: Vahe Stepanian Subject: RE: RIN follow up Stu 2 questions for the team: Are the loans on completed infrastructure projects or more like construction loans? How do we have recourse on an essential infrastructure asset? Thanks Paul Paul Barrett Alpha Group Capital LLC 142 W 57
EFTA Document EFTA01435975
Subject: Re: Technology Co-Invest From: Stewart Oldfield e > Date: Wed, 07 Feb 2018 00:42:15 -0500 To: Vahe Stepanian e > No reason not to. Thanks. Stewart Oldfield, CFA, CAIA Director Deutsche Bank Trust Company Americas Deutsche Bank Wealth Management 345 Park Avenue, New York, NY 10154 Tel. 212 454-2881 Mobile Email Securities offered through Deutsche Bank Securities Inc. On Feb 6, 2018, at 7:39 PM, Vahe Stepanian wrote: > Should we show to Paul Barrett? From: Vahe Stepanian
EFTA Document EFTA01435716
Subject: RE: RIN follow up From: Paul Barrett <~ > Date: Fri, 20 Apr 2018 12:12:54 -0400 To: Vahe Stepanian Cc: Stewart Oldfield Martin Zeman One more — what default/cumm loss assumptions are they using to get the expected return of 12-1590 Paul Barrett Alpha Group Capital LLC 142 W 57th Street, 11th Floor, New York, NY 10019 646-876-5277 (o) (c) From: Vahe Stepanian <~ > Sent: Thursday, April 19, 2018 5:53 PM To: Paul Barrett Cc: Stewart Oldfield Subject: RE: RIN follow up Pau
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