From: jeffrey E. <jeevacation@gmail.com>
Sent: Tuesday, January 13, 2015 5:00 PM
To: Daniel Sabba
Subject: Re: [C]

20 minutes

On Tue, Jan 13, 2015 at 12:55 PM, Daniel Sabba <██████████████████████████████████> wrote:

Classification: Confidential

<u>Hi Jeffrey - I ave ou a call to</u> follow-up on our discussion. I am at

See below a short term time series of Brazil CDS and of the short vol crude index we discussed.

Brazil 5y CDS

Short WTI vol index

Daniel Sabba
Key Client Partners
Deutsche Bank Securities Inc.

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