Epstein Secrets

t size: USD20mn Bid/ask spread: 1 vol Avg. daily vol: USD75mn Fixing page: Bloomberg ticker: PCRCDOOB Index, Reuters ticker: CLPOB= Page 100 Deutsche Bank Securities Inc. CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0076903 CONFIDENTIAL SDNY_GM_00223087 EFTA01379431

.smara- promedio/icp_mes.html. Sono On o ••• Brest [sovereign bonds OF (real rates) CLP (nominal rates) Regulatory: Both of these bonds are now Euroclearable Liquidity: Good Good Avg. ticket size: USD 5-I 0mn USD 5-10mn Bid/ask spread: 3-5bp 3-5bp Avg. daily volume USD 100-200mn USD 50-100MN R

er: CLPOB= F K option% Regulatory: No active local market yet, but the central bank has already granted approval to operations with derivatives. Deutsche Bank Securities Inc. Page 99 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0076902 CONFIDENTIAL SDNY_GM_00223086 EFTA01379430

tion is high. • Foreign investors no longer need to open a custodial account to invest in local Central Bank and Government bonds as these are now Euroclearable. Onshore CLP products FX spot Regulatory: None besides notification for transactions over USD 10,000 (see above). Liquidity: Good Avg. Ticket

r that can be held. No restrictions, but banks have limitations on the usage of USD deposits and must comply with liquidity requirements. Page 94 Deutsche Bank Securities Inc. CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0076897 CONFIDENTIAL SDNY_GM_00223081 EFTA01379428

w issues of this paper. The new issues are only clearable in the local clearing system CRYL (although in principle the government could still issue Euroclearable paper if it desired, so far new issues since the new regulations have all been CRYL-clearable paper). Foreign investors can still participate in th