here to confirm you still want to unwind both the EURUSD risk reversal and the USDCNH put. Tightened USDCNH as much as possible with DB FX trading: EURUSD Spot Ref: 1.3127 <Client> sells Put, buys Call on EUR/USD in a Risk Reversal Put Strike: 1.345 Call Strike: 1.38 Notional: EUR 10,000,000 EUR Expiry:

stranger things have happened over the last 18 months — think back to Brexit and the US elections), EURUSD will most likely sell off substantially. EURUSD Spot ref = 1.1770 Buy 2 month EURUSD 1.1350 One Touch for 14.25% • This trade provides for 7x payout (meaning for a EUR 100,000 payout anytime EURUSD t

eadline that ECB employed Blackrock for advice on asset purchases. DB commentary attached. Clearly, 9/4 is a critical day - before 9/8 expiration. EURUSD Spot Ref: 1.3176 <client> sells Put, buys call on EUR/USD in a Risk Reversal Put strike: 1.345 Call Strike: 1.38 Notional: EUR 10,000,000 EUR Expiry: