one... ;MA Sferrazza I Morning Paul — on an RV basis and without taking directional EM exposure, this trade makes a lot of sense. From: Christian Wietoska (mailto Sent: Monday, September 17, 2018 8:38 AM To: Subject: EMEAFX Trade of the week - Enter shorts in ILSPLN before its gone... EMEAFX - Enter

ctive is EMFX and Fl as we start the year? Paul — revisiting the USDRUB EKIKO structures we discussed in the past. Below is research that Christian Wietoska just put out and RUB stands out as the currency with the biggest upside. With USDRUB at 67.00, you could: Sell 6m USDRUB 66 Call with KO 64 and EKI

Christian Wietoska EM Fixed Income Strategist Deutsche Bank AG. Filiale London Global Markets in he ter Hou e 1 Great Winch ster Street. EC2N 2DB London. United Kin