a •t: > To: "Jeffrey E." <[email protected]> CC: Paul Morri:a n Stewart Oldfield , Vahe Stepanian , "ArianDwyer;=1In . Subject: FW: (BN) As Lula Corruption Probe Begins, Brazil's Crisis Heats Up A [C] Date: Fri, 17 Jul 2015 18:10:22 +0000 Classification: Confidential See below. Maybe we look into BRL puts and add

bject: RE: trades proposed to southern financial. [C) Attachments: Using Russell puts as a proxy to short HY market. [C) (3.49 KB).msg; FW_ (BN) As Lula Corruption Probe Begins, Brazil's Crisis Heats Up A [C) (4.22 KB).msg; FW_ (BN) Brazil Risks Slipping Through Levy Fingers as Junk Status Loom (3.93 KB).msg; china and cop

Sent: 7/17/2015 2:10:22 PM To: jeffrey E. ([email protected]) CC: Paul Morris ; Stewart Oldfield I I; Ariane Dwyer Subject: FW: (BN) As Lula Corruption Probe Begins, Brazil's Crisis Heats Up A [C] Classification: Confidential See below. Maybe we look into BRL puts and add to credit protection? Original messa