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2013 2014 2015 2016 2017 Sources: Deutsche Bonk Bloomberg Finance L.P. Disclaimer: htto://ctiobahnarkets.d
WM% ly inwlSd e$ spend EtiRUSD-USINAM iY impied vial spied Graph 4: 2v realized correlation vs. strike >; Xavier Avila Subject: DB FX trade idea: EURZAR-USDZAR correlation swap Paul, 100% 8396 n 60% 2096 \ — EURMXICUSDS1042y mai CO" EURIAXI+LISDIAXN 3m roll car 0% -2016 2007 2003 20% 2010
[email protected]] Sources: Deutsche Bank, Bloomberg Finance L.P. 1< Disclaimer: http://globalmarke
November 28, 2017 12:42 PM To: Paul Barrett Cc: Stewart Oldfield >; Xavier Avila ; Joshua Shoshan >; Liam Osullivan Subject: DB FX trade idea: EURZAR-USDZAR correlation swap Paul, this could be an interesting trade on ZAR without really getting directional exposure to it. The payout is defined a
2013 2014 2315 2016 2017 Sources: Deutsche Bank, Bloomberg Finance L.P. Disclaimer: hap://qlobalmarkets.db.
50% 33% • 20% . --r— r EURZAR-USOZAR Gin real co-:- EURZAR-USMAR 3m real (err 2007 2001 210t6 2010 2011 2012 2013 2014 2315 2016 2017 Sources: Deutsche Bank, Bloomberg Finance L
Entities connected to both Bloomberg L.P. and EURZAR