From: Caroline Kitidis Sent: 1/13/2015 2:53:01 PM To: Dario Schiraldi CC: Michele Faissola BCC: Subject: Classification: Confidential RE: Southern Financial Commodity Vol Trade ICI Chip Packard • Vinit Sahni See below, transaction we did w CB&S today - KCP cap markets client (Southern Financial, PB relationship). Was the first trade done in North America on the Commodity Short vol index. All other transactions done by CB&S thus far have been w clients in Europe. In addition client did a credit trade in combination. We've been working with this client all year, he's done very limited business. We've been tracking all of the ideas we've pitched him thus far since October (you can see performance below) 4 with negative performance 11 with positive performance. He has been pleased with this, and started executing today, these ideas for the first time. We have our KCP capital markets launch call this week on Thursday where we will roll out KCP cap markets formally w Daniel Sabba and will also discuss ideas/performance. We also recently executed with PSQ (PB relationship), first transaction in Cap markets - Topix Swap, we were pleased with as we have been showing ideas and trying to make progress with this client as well, and again it's the first time they've traded with the Cap markets team. Good momentum starting w Daniel and team. Oideolei wow.. Wised*, nOunio INEDISINItnot Parted intwe la laellticket. thicialei Witt DON Walt itvel owl Pitrtawriiiid PA 1)5t Pe O3.wry mode, %ad !M Orn novas MISES IteltiNet =Gni CMS wwir e'455riN I iCe.Y.SCCe0 ;'X10 ES.GDesw ..t. 5 lee09:660 5026161 iy faille • 191.• Rai $ laCCIXODO 11131=1 AAOLCviViti k am • br LYOf AAPL: ( gilICACCDO Mat: AAPLEUR; mac tcrre Ani.:VI WM% XCX0X03 11/11/Zed iy IF PIM Tire 96.99 Fr Pawns BMW t lCtX0X00 IVWX2t 5, 9n EIS MSC t lette0ZOO MillirAt uElflbebY DAM C Yd000S00 IVIMII 5, 9i. Coast at, 95.5..in 0104910 i letee40:19) AlltYrds? Jarberatim sr Na 5 letteiXe-00 59. Ctl opt, Sftrtp 5 letMYLOC :Went %MU Oseic Ye eini S ICCXOXW iiiMMit ttrt Ositz exce4,Cti We Sat eilevrcy S iC20X00 200061 CtSlatimint eat LeE44C 5 iCt0COS00 ZS MIME (1011tturtat, `..7.11.741.14 C S ISC.X.*Xee 115,2035 artist USW.: e 5 ICCCSOCC9; apeeeiieten,5,2015 5≤303221.9( Si X is nh ier 14:3 7: a 3 MN DS ITS WC C: .. .: 7 t:: 5:-,X91 MCI'S INS I LS 43.i 51X0)500: Ate= 7. i: cs ,i.: ii ,ii 9.X.Xt X .1/11;15 SIZ MI5 09M ea 9943te5.2 3:12iii".: 5r Sia X Sf35 Saes IX YilT I SZ4 te:k0:07: t aide! t 95}. iii )2 S2C957 4 .1i 426 Ye la Li 132% le:Line:LC t520.12 (M95912 9e9.934 el 1/Wei 1 ifei ten 43% to :4 tritetett Y. t Seat OD ampxce Aii.Vii 12317 is 4'S. IC:ACM a C(7=2 %ii.Thi CC 11/1.e55 L.X1 1 iie 4125 ( EC =it (SXLtCX is CXCACCO WIC OC W11;15 2, 5401 :SIM 4 L.% V. raiatf -All ern 16 t: ',S., 41/EI a Irt %IC .3.919 ese'a Meilbe.25 y. • 1:19130S21, !IntVie25! .1111129 Mil 2a 2W9 gietteX 576,9XX ,ea XS 5e2 W'A'S >546 =IL -2 CA SCZXC00 5i'C.IOCX 19 80005 SLCOICC .1115e2 PtiX C93 -399,4 LW X.142 599)99t9i Pit 95429S3: Yid:42532 95 % -LOP% '..fa 595CCACOO 515.19966. .59399: 1, '.5X35720 ‘ • Ye 9575 Ca[ 1315S7X0) SUR% ill CI ft 1155211C :5 i5 2X6 MI e 199 :: i Sieet IX Ns :‘Xe OD SOX Kind regards. Caroline Kitidis Caroline V. Kitidis Managing Director I Head of Key Client Partners & Wealth Investment Coverage -Americas Deutsche Bark Securities Inc Deutsche Asset & Wealth Managemert 345 Park Avenue. 26th Floor New York. NY 10154-0004 Tel. Mo Em PeffErYttt. CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0122491 CONFIDENTIAL SONY GM_00268675 EFTA01460871