Re: ICI (Tazia Smith, 8/12/2014)

From: Tazia Smith Sent: 8/12/2014 8:06:15 AM To: ApurvaGu•ta CC: Nay Gupta ); Paul Morris • it Aqeel [a; Vahe Stepanian Vinit Sahni Subject: Re: ICI Attachments: pic03093.gif; pic13608.gif Classification: Confidential Thanks Apurva - those levels are in line w what I priced last night. Nam was right in that despite Jeffrey's request for a renminbi call at -40bps , which is inline with a ustvomic ATMS offer and implies he has a view that renminbi could strengthen further vs t