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sd-10-EFTA01457749Dept. of JusticeOther

EFTA Document EFTA01457749

From: Paul Morris Sent: 6/30/2015 2:54:41 PM To: Todd Stevens Subject: RE: southern financial - CMS FX feedback [C] Classification: Confidential I think the last pricing was for 100 mn notion, just curious how does that size fit into avg client cb&s team working with? Paul Morris Managing Director Deutsche Bank Private Bank From: Todd Stevens Sent: Tuesday, June 30, 2015 2:30 PM To: Paul Morris Subject: FW: southern financial - CB&S FX feedback [C] Classification: Confidential

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sd-10-EFTA01457749
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From: Paul Morris Sent: 6/30/2015 2:54:41 PM To: Todd Stevens Subject: RE: southern financial - CMS FX feedback [C] Classification: Confidential I think the last pricing was for 100 mn notion, just curious how does that size fit into avg client cb&s team working with? Paul Morris Managing Director Deutsche Bank Private Bank From: Todd Stevens Sent: Tuesday, June 30, 2015 2:30 PM To: Paul Morris Subject: FW: southern financial - CB&S FX feedback [C] Classification: Confidential

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From: Paul Morris Sent: 6/30/2015 2:54:41 PM To: Todd Stevens Subject: RE: southern financial - CMS FX feedback [C] Classification: Confidential I think the last pricing was for 100 mn notion, just curious how does that size fit into avg client cb&s team working with? Paul Morris Managing Director Deutsche Bank Private Bank From: Todd Stevens Sent: Tuesday, June 30, 2015 2:30 PM To: Paul Morris Subject: FW: southern financial - CB&S FX feedback [C] Classification: Confidential Fyi.. our fx team is more like a high speed treadmill. Frequent repricings and small size doesn't fit into their slipstsream well. From: Daniel Sabba Sent: Tuesday, June 30, 2015 2:26 PM To: Todd Stevens Subject: RE: southern financial - CB&S FX feedback [C] Classification: Confidential It makes sense going forward. We did it through CB&S this time as they provided the initial idea. From: Todd Stevens Sent: Tuesday, June 30, 2015 2:22 PM To: Daniel Sabba Subject: RE: southern financial - CB&S FX feedback [C] Classification: Confidential Lets route this through Caleb next time. Thoughts? From: Daniel Sabba Sent: Tuesday, June 30, 2015 2:21 PM To: Todd Stevens Subject: southern financial - CB&S FX feedback [C] Classification: Confidential Todd, Per our chat, I connected with CB&S FX management this morning, who provided feedback on Southern Financial's pricing requests over the last 24 hours. Jeffrey requested 7 EUR pricing iterations over the last day — this stood out as CONFIDENTIAL — PURSUANT TO FED. R. GRIM. P. 6(e) DB-SDNY-0117419 CONFIDENTIAL SDNY_GM_00263603 EFTA01457749

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