document_description: The document discusses various political and tax-related issues, including the impact of the Affordable Care Act on mid-term elections, the effects of the 16-day government shutdown in October, the Senate Democrats' use of the 'nuclear option' to limit filibusters, and the concept of 'permanency' in tax law. It also mentions the IRS's issuance of December 2013 applicable federal rates.

title: Tax Topics

key_people:
Senate Democrats
Senate Republicans


source: doj

document_description: A table of contents listing various tax-related topics and legislative updates from 2011 to 2013, including the American Taxpayer Relief Act of 2012, fiscal cliff discussions, and Supreme Court decisions on health care.

title: Tax Topics-Table of Contents-2013-2

key_people: Wandry Mohamed Commissioner Obama Petter Procter Chancellor Mitchell

document_type: tabular

document_subtype: table of contents

key_organizations:
IRS
Supreme Court
Treasury Department


document_description: A table of contents listing various tax-related topics and discussions from 2010 to 2011, including statutory residency, estate planning, tax reform, and specific tax cases.

title: Tax Topics - Table of Contents - 2013 - 3

key_people:
President Obama
Sen. Bernie Sanders
Sen. Kyl
Rep. Ryan

key_organizations:
President's Deficit Commission
National Taxpayer Advocate
IRS


document_description: A table of contents listing various tax-related topics and legislative updates from 2009 to 2010, including estate tax, Roth IRA conversions, health care reform, and Obama's tax proposals.

title: Tax Topics-Table of Contents-2013-4

key_people: Beudert-Richard Richard Kennedy DuPont Wu Pomeroy Rangel Hurford

document_subtype: Tax Topics Table of Contents

key_organizations:
OMB
Treasury Department
Congress


document_description: A table listing various tax-related topics and legislative updates from 2008, including prospective tax increases, the Emergency Economic Stabilization Act, estate tax exclusions, and major tax legislation during the Bush administration.

title: Tax Topics - Table of Contents - 2013 - 5


document_description: A table of contents listing various tax-related topics and updates from 2004 to 2006, including prepaid tuition, tax reform recommendations, hurricane provisions, estate planning, and more.

title: Tax Topics-Table of Contents

key_locations:
New York
Washington State
New Jersey


document_description: A table of contents listing various tax-related topics and rulings from 2003 to 2004, including court cases, IRS rulings, and legislative proposals.

title: Tax Topics Table of Contents

key_people:
President Bush
William Rockefeller
Harriet Bush
William Roth
John Breaux

key_locations:
New York
New Jersey
Connecticut

key_organizations:
IRS
Tax Court
Supreme Court


document_description: A table of contents listing various tax-related topics and updates from 2002, including legislative proposals, tax act provisions, and IRS notices.

title: Tax Topics-Table of Contents-2013-10

key_people:
Cathy Vohs
Gailigan
Mitchell
Hatt

key_locations:
D.C.
Massachusetts
New Jersey
New York
Maryland
Nebraska
Florida
Vermont
New York City

key_organizations:
IRS
Senate Finance Committee
Joint Committee on Taxation
Concord Coalition
CBO
OMB


document_description: A table listing various tax-related topics and legislative updates from 2001 to 2002, including the Victims' Relief bill, IRS notices, and speeches on the economy.

title: Tax Topics-Table of Contents-2013-11

key_locations:
Minnesota
Rhode Island
Wisconsin
California
Florida
New York
North Carolina
France

document_subtype: table


document_description: A table listing various tax-related topics and legislative updates from 2000 to 2001, including discussions on estate tax reform, President Bush's tax proposals, and other tax legislation.

title: Tax Topics - Table of Contents


document_description: A table of contents listing various tax-related topics and events from the year 2000, including legislative actions, court cases, and IRS rulings.

title: Tax Topics-Table of Contents-2013-13

key_people:
Gov. Jesse Ventura
President Clinton
O.J. Simpson

key_locations:
Minnesota
New Hampshire
Texas

key_organizations:
IRS
New Hampshire House
United States


document_description: A memo from Blanche Lark Christerson, a director at Deutsche Asset & Wealth Management, discussing opinions and analyses that do not necessarily reflect those of Deutsche Bank AG or its affiliates. The document includes disclaimers about the general nature of the suggestions and advises consulting professional advisors. It also outlines the entities involved in providing Deutsche Asset & Wealth Management products or services.

title: Tax Topics-Table of Contents-2013-14

document_type: correspondence

document_subtype: memo

key_organizations:
Deutsche Asset & Wealth Management
Deutsche Bank AG
Deutsche Bank Trust Company N.A.
Deutsche Bank Trust Company Delaware
Deutsche Bank National Trust Company


document_description: The document is a daily deposit report listing large, zero, and negative balances for various accounts, including those associated with Jeffrey Epstein and related entities. It also details large transactions, such as a $100,000 transfer by NES, LLC.

title: RM0081851 Daily Deposit Report

key_people:
Jeffrey Epstein
Dominique Leimer
Darren K. Indyke

document_subtype: financial report

key_organizations:
Summit Equities LLC
Southern Trust Company, Inc.
Southern Financial LLC
The Haze Trust
Neptune, LLC
Hyperion Air, LLC
Hyperion Air, Inc
JEGE, Inc
JEGE, LLC
HBRK Associates, Inc
New York Strategy Group, LLC
MORT, Inc
Plan D, LLC
NES, LLC


document_description: The document provides an analysis of Japanese equities, predicting a potential doubling by 2015 due to Abenomics, BoJ easing, and strong macroeconomic data. It highlights specific companies like Toyota, Panasonic, Omron, and Kawasaki Kisen with their current and target prices, and mentions the positive impact of yen weakening on exporters. Reflation is also noted as a positive theme for retailers and banks, with bullish views on Rakuten and Resona.

key_people: Abenomics BoJ

document_type: other

key_organizations:
DB Research
GPIF
Toyota
Panasonic
Omron
Kawasaki Kisen
Rakuten
Resona


document_description: A communication from Tazia Smith, Director at Deutsche Bank Securities Inc, discussing financial information related to Resona with a target price and upside potential. The document contains confidentiality notices and disclaimers about unauthorized use and legal advice.

key_people:
Tazia Smith
Jeffrey Epstein

key_organizations:
Deutsche Bank Securities Inc
Deutsche Asset & Wealth Management


document_description: Confidential communication with instructions for handling if received in error.


document_description: The document outlines a series of financial transactions involving call spreads and European option calls on EUR/USD, with specific strike prices, notionals, expiry dates, settlements, and premiums. It also includes a knockout option call with an American knock-out feature.

document_type: financial

document_subtype: financial transaction


document_description: The email discusses a financial structure involving an Italian Government Bond with specific terms and market triggers. It also mentions a Greek sovereign paper with leverage and yields. The email is marked as confidential and involves multiple recipients and CCs.

key_people:
Vanshree
Tazia Snit
Vinit Sahni
Nav Gupta
Tazia Smith
Nay Gupta
Hella Alashkar
Karine Genevey
Karsten LeBlanc
Manuel deSouzaGirao
Pierluigi Amicarella
Ramona Lieser
Roger Posch
Anurag Mahesh
Bobby Abraham
Caroline Kitidis
Dario Schiraldi
Juan Landazabal
Mitch Matharu
Apurva Gupta
Debdutta Bhattacharya

key_locations: Italy US Greek

document_subtype: email

key_organizations:
GS
KCP Cap Markets


document_description: The memo discusses a large block of illiquid 5-month Greek sovereign paper with a 2.5x leverage yielding 10%. The seller, a Greek bank, is reducing its balance sheet ahead of AQR and stress tests. The bond is issued under local law, excluded from PSI, and primarily held by Greek banks. It is illiquid, with a risk of restructuring, and available for well-capitalized clients with a 40% haircut at Euribor + 270bp.

key_people:
Juan Landazabal
Mitch Matharu
Nav

key_organizations:
ECB
Greek banks
IMF


document_description: The report discusses the reauthorization of Iclusig by the FDA with a new label and REMS, leading to an upgrade of Ariad Pharmaceuticals' stock to 'Outperform' and an increased price target of $12. The report highlights the limited downside risk due to REMS and PMRs, positive physician feedback, potential for safer administration, and other potential indications for Iclusig. The report also provides financial data and stock performance metrics for Ariad Pharmaceuticals.

title: ARIAD Pharmaceuticals, Inc. - Iclusig Comes Back With a New Label and REMS; Upgrade to Outperform and Increase Price Target to $12

key_people:
Y. Katherine Xu, Ph.D.
Filippo Petti

document_subtype: Equity Research Report

key_organizations:
William Blair
ARIAD Pharmaceuticals, Inc.
FDA


document_description: The document outlines the REMS program by William Blair & Company, LLC, which includes a communication plan to educate patients and prescribers about the risks associated with occlusions and the revised indication. It mentions the distribution of letters and fact sheets to healthcare professionals and the evaluation of awareness by the FDA. Additionally, it details four PMRs that Ariad will be held to, focusing on assessing the risk and long-term safety of Idusig and Iclusig treatment.

key_organizations:
William Blair & Company, LLC
FDA
Ariad


document_description: This document provides a sum-of-parts fair value analysis for ARIAD Pharmaceuticals, Inc., detailing the peak sales, stage of development, estimated launch date, probability of commercialization, percentage of sales to the company, probability-adjusted NPV, value per share, and percentage of fair value for different drugs. It includes financial estimates and valuations by William Blair & Company, LLC.

title: ARIAD Pharmaceuticals, Inc. Sum-of-Parts Fair Value

document_subtype: financial analysis

key_organizations:
William Blair & Company, LLC
ARIAD Pharmaceuticals, Inc.


document_description: This document is an income statement for ARIAD Pharmaceuticals, Inc., detailing financial data from 2011 to 2015, including revenues, expenses, and net income/loss. It includes specific revenue figures for Iclusig in the U.S. and EU, as well as other financial metrics such as operating income and GAAP EPS.

title: ARIAD Pharmaceuticals, Inc. Income Statement

document_subtype: Income Statement

key_organizations:
ARIAD Pharmaceuticals, Inc.
William Blair & Company, LLC


document_description: The document contains important disclosures from William Blair & Company, LLC regarding their market making activities, investment banking intentions, and stock ratings. It includes a rating distribution for ARIAD Pharmaceuticals, Inc. and outlines the compensation structure for research analysts.

title: William Blair & Company, LLC. Important Disclosures


document_description: Deutsche Bank's research report on Aegerion Pharmaceuticals provides an update following discussions with the company's management. The report highlights an increase in SG&A expenses for 2014, reflecting the company's strategy to invest in sales and marketing. The company aims to become profitable in the second half of 2014. The report also discusses the company's focus on customer care, reimbursement negotiations in the EU, and an increase in stock-based compensation due to a rise in stock price. The report reiterates a 'Buy' rating with a price target of $115.

title: Deutsche Bank Markets Research - Aegerion Alert

key_people:
Robyn Kamauskas
Alethia Young

key_locations:
United States
EU

document_subtype: Research Report

key_organizations:
Deutsche Bank
Aegerion Pharmaceuticals


document_description: Deutsche Bank's research report on Cobalt International Energy (CIE) discusses the company's unexpected report of a dry hole at the US GoM prospect, Aegean, and its impact on stock valuation. The report maintains a 'Buy' rating despite near-term struggles and discusses potential paths for clarity on discovered resources and monetization. The price target is reduced from $32 to $25 due to risk factors.

title: Deutsche Bank Markets Research - Cobalt International Energy Alert

key_people:
Ryan Todd
Stephen Richardson
Josh Silverstein

key_locations:
United States
Angola
US GoM

document_subtype: research report

key_organizations:
Deutsche Bank
Cobalt International Energy


document_description: A table showing consumer price inflation in the UK and US over time, with annotations on fiscal monetisation during various historical events.

key_locations: UK US


document_description: The table provides a summary of the inflation hedging properties of various alternative assets, including equities, commodities, short financials, and property. It evaluates their return correlation, stability, and comments on their effectiveness as hedges against inflation.

title: Inflation hedging property of alternative assets


document_description: The document appears to be a table or chart showing data over time, possibly related to the US Consumer Price Index (CPI) year-over-year changes from January 1988 to June 2013. The data is likely presented in a time series format with numerical values corresponding to each date.


document_description: This document provides a detailed analysis of yield and spread for a financial instrument, including pricing, risk, and floater information. It includes historical coupon rates, risk metrics, and invoice details.

title: Yield and Spread Analysis

key_locations:
Australia
Brazil
Europe
Germany
Hong Kong
Japan
Singapore
U.S.


document_description: This document provides detailed information about the HELLENIC REPUBLIC GGB Float bond issued on 05/21/2014. It includes bond ratings, issuer information, security identifiers, and issuance details.

title: HELLENIC REPUBLIC GGB Float Bond Details

key_locations: Euro-Zone Greece ATHENS

document_subtype: Bond Information


document_description: Confidential communication from Deutsche Bank with a disclaimer about unauthorized copying, disclosure, or distribution. It also states that Deutsche Bank does not provide legal or tax advice.


document_description: A communication from Deutsche Bank Trust Company Americas, containing a confidentiality notice and disclaimer about legal and tax advice.

key_locations: 345 Park Avenue, 24th Floor, New York, NY, USA

document_subtype: fax

key_organizations:
Deutsche Bank Trust Company Americas
Deutsche Asset & Wealth Management
Deutsche Bank Securities Inc.


document_description: This document is a valuation statement from Deutsche Bank Group for Southern Financial, LLC, detailing FX-Options trades as of December 23, 2013. It includes trade details such as trade ID, counterparty, trade type, trade date, maturity date, notional amounts, option style, and mark-to-market values.

title: Deutsche Bank Group Valuation Statement

document_subtype: valuation statement

key_organizations:
Deutsche Bank AG
Southern Financial, LLC


document_description: A communication from Deutsche Bank Trust Company Americas, possibly a fax, containing confidentiality notices and disclaimers about legal and tax advice. It emphasizes the confidential nature of the information and the prohibition of unauthorized distribution.


document_description: Confidential communication from Deutsche Bank with disclaimers about unauthorized use and legal/tax advice.


document_description: A communication from Aracely Sanchez, Assistant Vice President at Deutsche Bank Trust Company Americas, containing confidential and/or privileged information. The communication includes a disclaimer about unauthorized copying, disclosure, or distribution of the material.


document_description: A confidential communication from Deutsche Bank Trust Company Americas, containing disclaimers about the confidentiality and privilege of the information. It advises unintended recipients to notify the sender and destroy the communication. It also states that Deutsche Bank does not provide legal or tax advice.


document_description: Aracely Sanchez informs Bella about the lack of response from the beneficiary bank despite multiple attempts. The email is forwarded to Richard Kahn with a brief note indicating no updates yet.

key_people:
Aracely Sanchez
Bella
Richard Kahn

document_subtype: email correspondence


document_description: Request for additional details to enable beneficiary banks to apply funds, sent by Aracely Sanchez, Assistant Vice President at Deutsche Bank Trust Company Americas.

key_locations: 345 Park Avenue, 24th Floor, New York, USA


document_description: Deutsche Bank's research report on First Republic Bank highlights a 'Buy' rating with a target price increase from $48.00 to $52.00. The report discusses core NIM expansion, asset growth, and mortgage banking trends. It also outlines valuation metrics and potential risks, including economic weakness in California and changes in tax policies.

title: Deutsche Bank Markets Research - First Republic Bank Alert

key_people:
Dave Rochester
Temas Brasiler

key_locations:
United States
California

key_organizations:
Deutsche Bank
First Republic Bank


document_description: A request for additional details to enable beneficiary banks to apply funds, sent by Aracely Sanchez, Assistant Vice President at Deutsche Bank Trust Company Americas.


document_description: This document is a communication from Deutsche Bank Securities Inc. It contains a confidentiality notice and disclaimer about the nature of the information, stating that it may be confidential or privileged and not intended for unauthorized recipients. It also clarifies that Deutsche Bank does not provide legal or tax advice.


document_description: The document contains confidential information related to a legal case, marked as confidential pursuant to Federal Rule of Criminal Procedure 6(e). It includes reference numbers DB-SDNY-0106688, SDNY_GM_00252872, and EFTA01450809.


document_description: A communication from Aracely Sanchez, Assistant Vice President at Deutsche Bank Trust Company Americas, containing a confidentiality notice and disclaimer about legal and tax advice.


document_description: A debit transaction of USD 1000.00 dated 12 Dec 2013 could not be applied due to insufficient information. Additional details are requested to enable the beneficiary banks to apply the funds.

document_subtype: bank transaction issue


document_description: This document is a communication from Deutsche Bank Securities Inc. It contains a disclaimer about the confidentiality and privileged nature of the information, and advises unintended recipients to notify the sender and destroy the communication. It also states that Deutsche Bank does not provide legal or tax advice.


document_description: Email exchange between Aracely Sanchez and Raunak Tanwar regarding a request with no response yet. A second follow-up has been sent.

key_people:
Aracely Sanchez
Raunak Tanwar

key_organizations:
Deutsche Bank Trust Company Americas
Deutsche Asset & Wealth Management
DBOI Global Services Pvt. Ltd


document_description: Raunak Tanwar requests assistance from Deepak regarding case #131213 604222, as per an email from Aracely Sanchez.

key_people:
Raunak Tanwar
Deepak
Aracely Sanchez
Paul Morris

document_subtype: internal memo

key_organizations:
DBOI Global Services Pvt. Ltd
DBAMERICAS
DBAPAC


document_description: Aracely Sanchez from Deutsche Bank is inquiring about an update on a case due to an upcoming bank holiday.

key_people:
Aracely Sanchez
Raunak

key_organizations:
Deutsche Bank Trust Company Americas
Deutsche Asset & Wealth Management


document_description: Internal communication regarding a pending wire transfer case with The Bank of New York Mellon. The case has been open since December 13, 2013, and there is a need to expedite the request and possibly escalate it. The client is awaiting confirmation on when the recipient will receive the funds.

key_people:
Aracely Sanchez
Raunak Tanwar
Arpit

key_organizations:
DBOI Global Services Pvt. Ltd
The Bank of New York Mellon


document_description: Internal email communication between Raunak Tanwar and Aracely Sanchez regarding a case request.

key_people:
Raunak Tanwar
Aracely Sanchez


document_description: Raunak Tanwar from DBOI Global Services Pvt. Ltd is following up on a previous communication regarding a wire transfer. Aracely Sanchez from DBAMERICAS is inquiring about updates from the beneficiary bank as the client needs to inform the recipient about the fund's receipt.

key_organizations:
DBOI Global Services Pvt. Ltd
DBAMERICAS

reference_numbers: Cinq Case Number ████████████████████


document_description: Aracely Sanchez from Deutsche Bank inquires about updates from the beneficiary bank regarding a wire transfer. Raunak Tanwar responds that there are no updates yet.

document_subtype: internal communication


document_description: The report provides a financial analysis and outlook for First Republic Bank, maintaining a 'Buy' rating with a target price of $52. It highlights expected core NIM expansion in FY14, strong asset growth, and solid fee income growth. The report also discusses potential risks such as economic weakness in California and changes in tax policies.


document_description: Internal communication regarding a case number and bank confirmation.

key_people:
Raunak Tanwar
Deepak Ramchandani
Paul Morris
Aracely Sanchez
Arpit Pathak

key_organizations:
DBOI Global Services Private Limited
DBAPAC
DBAMERICAS


document_description: A memo from InvestigationsUsdCashOps at Deutsche Bank to GTO-PWM-Banking Exception-Check-Processing regarding a debit transaction of USD 1000.00 that cannot be applied due to insufficient information. The memo requests additional details to enable the beneficiary banks to apply the funds and asks to quote case number 131213 604222 in future correspondence.


document_description: The document contains details of a SWIFT and Fedwire transfer involving Jeffrey Epstein. The transfer amount is 1,000.00 USD, with Deutsche Bank Trust Company America as the intermediary and Alior Bank as the beneficiary institution. The originator is Jeffrey Epstein, located in Saint Thomas, United States Virgin Islands.

document_subtype: SWIFT and Fedwire Transfer

key_organizations:
Deutsche Bank Trust Company America
Alior Bank
BTCO USA
PRIVATE BANK-DOMESTIC SALES

reference_numbers:
SWIFT Address BKTRUS33PWM
Trn Ref #7190238
Fed. ABA Number 021000018
Sender Ref. 1212452536019159


document_description: Internal communication regarding case number 01163801, requesting account name details and customer research request submission.

key_people:
Raunak Tanwar
Aracely Sanchez
Amanda Kirby
Hemant-Kumar Rathore


document_description: A memo from Payment Investigations regarding a debit transaction of USD 1000.00 dated 12 Dec 13 that cannot be applied due to insufficient information. Additional details are requested to enable the beneficiary banks to apply funds.

document_subtype: memo


document_description: This document contains SWIFT and Fedwire messages related to a financial transaction involving Jeffrey Epstein. The transaction amount is 1,000.00 USD, and it involves Deutsche Bank Trust Company Americas and Alior Bank in Warsaw, Poland. The originator is Jeffrey Epstein from Saint Thomas, United States Virgin Islands.

key_locations:
Saint Thomas
United States Virgin Islands
New York
Warsaw, Poland

document_subtype: SWIFT Message

key_organizations:
Deutsche Bank Trust Company Americas
Alior Bank
BTCO
PRIVATE BANK-DOMESTIC SALES


document_description: The document contains confidential information related to a legal case, as indicated by the reference to Federal Rule of Criminal Procedure 6(e).


document_description: Raunak Tanwar is following up on a wire transfer case with The Bank of New York Mellon, which has been open since December 13, 2013. Aracely Sanchez is inquiring about any updates on the request.

key_people:
Raunak Tanwar
Aracely Sanchez
Arpit

key_organizations:
DBOI Global Services But Ltd.
Deutsche Bank Trust Company Americas
Deutsche Asset & Wealth Management
The Bank of New York Mellon


document_description: This document is a valuation statement from Deutsche Bank Group for Southern Financial, LLC, detailing FX options trades as of December 24, 2013. It includes trade details such as trade ID, counterparty, trade type, trade date, maturity date, settlement date, notional amounts, currencies, long/short positions, option style, put/call, strike price, and mark-to-market values in USD.

title: Deutsche Bank Group Valuation Statement


document_description: Aracely Sanchez inquires about updates from the beneficiary bank regarding a wire transfer, as the client needs to inform the recipient about the fund's arrival. Raunak Tanwar responds that there are no updates yet.


document_description: Internal communication regarding a case number and a request for customer research. The email involves forwarding a message related to case #2301163801 and instructions to submit a customer research request via DB force ticket.


document_description: A memo from InvestigationsUsdCashOps at Deutsche Bank to GTO-PWM-Banking Exception-Check-Processing regarding a debit transaction issue. The memo requests additional details to apply funds to the beneficiary banks and references case number 131213 604222.


document_description: Internal correspondence regarding case number 131213 604222, with a request for assistance and an update on the case status due to an upcoming bank holiday.

key_people:
Raunak Tanwar
Aracely Sanchez
Paul Morris

key_organizations:
DBOI Global Services Pvt. Ltd
Deutsche Bank Trust Company Americas
Deutsche Asset & Wealth Management


document_description: Internal communication regarding a case involving Jeffrey Epstein, with reference to a case number and account name.

key_people:
Aracely Sanchez
Raunak Tanwar
Jeffrey Epstein


document_description: Aracely Sanchez from Deutsche Bank is requesting an urgent update on a case with the number 131213 604222 case 01163801. The matter is urgent and requires escalation for a client response.


document_description: Aracely Sanchez from Deutsche Bank is following up with Raunak Tanwar regarding a wire transfer issue where the recipient has not yet received the funds after over a week. The email is marked confidential under Federal Rule of Criminal Procedure 6(e).

key_people:
Aracely Sanchez
Raunak Tanwar
Arpit Pathak


document_description: Internal communication regarding a pending wire transfer case with The Bank of New York Mellon. The case has been open since December 13, 2013, and there is a need to expedite the request and possibly escalate it. The client is awaiting confirmation on when the recipient will receive the funds.

key_organizations:
The Bank of New York Mellon
DBOI Global Services Pvt. Ltd
Private Wealth Management


document_description: This document details two financial transactions involving Jeffrey Epstein. The first transaction is an incoming SWIFT message for $1,000.00 USD to a legal workstation, with Deutsche Bank Trust Company America as the intermediary. The second transaction is an outgoing Federal Reserve Bank message for the same amount, with Alior Bank in Warsaw, Poland as the beneficiary.

key_locations:
United States Virgin Islands
New York
Warsaw, Poland

document_subtype: wire transfer

key_organizations:
Deutsche Bank Trust Company America
Alior Bank
Federal Reserve Bank


document_description: This document is a valuation statement from Deutsche Bank AG for Southern Financial, LLC, detailing several FX option trades with their respective trade IDs, counterparties, trade types, dates, amounts, and market-to-market values.

title: Deutsche Bank Group Valuation Statement

document_subtype: Valuation Statement


document_description: This document is a valuation statement from Deutsche Bank Group for Southern Financial, LLC, detailing FX-Options trades with various parameters including trade dates, maturity dates, notional amounts, and market-to-market values.

title: Deutsche Bank Group Valuation Statement

key_organizations:
Deutsche Bank Group
Southern Financial, LLC


document_description: This document is a valuation statement from Deutsche Bank AG for Southern Financial, LLC, detailing FX-Options trades with trade dates, maturity dates, settlement dates, notional amounts, currencies, and market-to-market values.

title: Deutsche Bank Group Valuation Statement


document_description: A memo discussing a financial strategy involving EURUSD Deposit Plus with a 4.5% annualized yield. It suggests monetizing a bullish view on the euro by selling USD and collecting a premium, with the option to flip to EUR on deposit if assigned. The memo also notes an uptick in longer-dated sovereign periphery credit, specifically mentioning Portugal.

key_people:
Jeffrey
Tazia Smith

key_organizations:
Deutsche Bank Securities Inc
Deutsche Asset & Wealth Management


document_description: The report discusses the outlook for Global Emerging Markets (GEM) equities in 2014, predicting a negative year with underperformance slowing. It highlights the misleading cheapness of GEM equities, the importance of corporate governance, and the potential for a debt trap in BRIC markets, especially China. The report forecasts a negative return of around 10% for MSCI EMF in 2014, with volatility and dispersion among constituents.

title: GEM Equity Strategy Outlook 2014

key_people:
John-Paul Smith
Priyal Mul


document_description: The document provides an outlook for the GEM Equity Strategy in 2014, highlighting a negative year in prospect with slowed relative underperformance. It discusses valuations, margins, and risks associated with emerging markets, including specific country analyses for regions such as Asia, Latin America, and CEEMEA.

title: GEM Equity Strategy Outlook 2014

document_subtype: financial report


document_description: The document discusses the outlook for GEM equities in 2014, predicting another year of negative absolute returns with higher levels of dispersion and volatility. It reviews the underperformance of GEM equities in 2013 compared to DM, particularly the US, and attributes this to structural factors. The document also examines EM relative valuations and their implications for investment strategies.

title: GEM Equity Strategy Outlook 2014


document_description: The report discusses the relative value in the financial sector within emerging markets (EM) compared to developed markets (DM), highlighting low price-to-book valuations relative to return on equity (ROE). It notes a polarization of valuations within EM sectors, with financials and energy stocks undervalued and healthcare and consumer staples overvalued. The report suggests that potential catalysts for EM re-rating include faster global growth and improved governance.

title: GEM Equity Strategy Outlook 2014

document_date: December 2013


document_description: The document discusses the outlook for global growth and its impact on emerging markets (EM) in 2014. It highlights the resilience of the US economy post-financial crisis and the shift in pricing power away from EM producers. The document also addresses the risks posed by micro structural factors in EM economies, particularly in BRIC countries, and the potential impact of a stronger US dollar on EM currencies.

title: GEM Equity Strategy Outlook 2014


document_description: The document provides an outlook on the equity strategy for 2014, focusing on various countries' market performance since May 1, 2013, and potential trends in oil prices. It includes a table showing percentage changes in market performance for countries like China, Russia, and Brazil. The document also discusses the potential for lower oil prices in 2014 due to various factors such as increased US supply and decreased demand from emerging markets.

title: GEM Equity Strategy Outlook 2014

key_locations:
China
Russia
South Africa
Mexico
India
Brazil
Philippines
Thailand
Turkey
Indonesia

key_organizations:
Deutsche Bank
Bloomberg Finance LP


document_description: The document discusses the 2014 outlook for Global Emerging Markets (GEM) equity strategy, highlighting low valuations and recommending a long-term structural position or a disciplined contrarian approach. It includes a table of net foreign inflows by country from 2004 to 2013, sourced from Deutsche Bank and Bloomberg Finance LP. The document also mentions unchanged country weightings based on governance, oil, and China view, with an underweight position in China due to financial sector concerns.

title: GEM Equity Strategy Outlook 2014


document_description: The document provides an analysis of emerging markets (EM) versus developed markets (DM) in terms of non-financial leverage, consumer sector margins, and regulated sector performance. It includes various figures and tables comparing sales/assets ratios, net margins, and telecommunication services performance between EM and DM from 2003 to 2013.

title: GEM Equity Strategy Outlook 2014


document_description: The document discusses the 2014 outlook for Global Emerging Markets (GEM) equity strategy, highlighting trends in various sectors such as IT, industrials, energy, and materials. It notes the secular decline of EM profitability relative to Developed Markets (DM) and the impact of state capitalism and resource nationalism on EM returns. The report also compares net margins between EM and DM across different sectors and provides a valuation outlook.

title: GEM Equity Strategy Outlook 2014


document_description: The document discusses the potential for a financial/economic crisis in emerging markets, particularly the BRIC countries, due to macroeconomic factors and dysfunctional relationships between the state and corporate sectors. It highlights the risks posed by micro structural factors and the failure to implement necessary reforms. The report is skeptical about the impact of tighter Fed policy and emphasizes the need for structural reforms in emerging markets.

title: GEM Equity Strategy Outlook 2014

key_locations:
BRIC countries
Indonesia
South Africa
Turkey
China


document_description: The report discusses the critical debt situation in the materials and industrials sectors, highlighting the rising balance sheet leverage since 2008 despite falling capital expenditure relative to sales. It points out the overcapacity driven by cost subsidies to non-listed enterprises and the increasing leverage in the economy, particularly by local government financing vehicles. The report estimates LGFV debt to be significantly higher than the last official estimate in 2010.

title: GEM Equity Strategy Outlook 2014

key_organizations:
Deutsche Bank
Bloomberg Finance LP
National Audit Office


document_description: The document discusses the economic outlook for China in 2014, advising investors to be cautious with Chinese equities due to potential overvaluation and economic uncertainty. It suggests a dual strategy for investors, either avoiding Chinese equities or adopting a contrarian approach. The document also notes potential positive economic implications if Beijing imposes market disciplines on local authorities.

title: GEM Equity Strategy Outlook 2014

key_locations: China Beijing


document_description: The document provides an outlook on the GEM Equity Strategy for 2014, focusing on financial metrics such as FCF/Sales and Debt/Equity ratios over various quarters. It discusses the impact of the Rupee's depreciation on exports and the potential political changes in India with the upcoming elections. The document also highlights the structural financial issues in India and the potential impact of oil prices on the economy and equity markets.

title: GEM Equity Strategy Outlook 2014

key_people:
Abhay Lajawala
Abhishek Saraf

key_organizations:
Deutsche Bank
BJP


document_description: The document contains a table showing the net debt to equity ratios of major Indonesian companies from FY 1996 to 1H'13. It includes a graphical representation of the net debt information over the years.

title: GEM Equity Strategy Outlook 2014

key_people:
Henyanto Irawan
Raymond Kosasih
Samuel Sentana


document_description: The document discusses the equity strategy outlook for the Philippines in 2014, highlighting concerns about the country's market premium, potential earnings growth decline, and supply-demand balance for equities. Despite these concerns, the Philippines cannot be downgraded to underweight due to a lack of compelling alternatives.

title: GEM Equity Strategy Outlook 2014

key_locations: Philippines Korea

document_subtype: strategy outlook

key_organizations:
Deutsche Bank
DB Philippines Research


document_description: The document discusses the deteriorating economic fundamentals in Brazil, highlighting the impact of state capitalism on the market. It focuses on the government's intervention in the corporate sector, particularly in state-controlled companies like Petrobras, which is forced to subsidize the economy. The document includes a figure comparing the average P/BV ratio of non-state versus state-owned companies.

title: GEM Equity Strategy Outlook 2014

key_organizations:
Petrobras
Deutsche Bank


document_description: The document discusses the economic outlook for Brazil in 2014, highlighting the negative impact of government policies on the economy. It predicts lower growth due to private sector reluctance to invest and the impact of state-led policies. The report also anticipates pressure on consumption and employment levels, and potential depreciation of the Real against the US dollar. Despite poor fundamentals, there is a caution against unexpected equity rises similar to Argentina's in 2013. The report remains underweight on Brazil due to unattractive stock valuations and an unhelpful domestic and external environment.

title: GEM Equity Strategy Outlook 2014

key_locations: Brazil Argentina China Russia


document_description: The document discusses the performance of the Chilean equity market in 2013, highlighting the bearish outlook for copper prices and political changes as key factors. It includes figures on MSCI Chile's P/BV and P/E ratios since 2000, and analyzes the potential impact of Michelle Bachelet's election on the market.

title: GEM Equity Strategy Outlook 2014


document_description: The document provides an outlook on the South African equity market for 2014, highlighting the impact of the weak rand and potential economic challenges. It discusses sector valuations and the performance of South African companies relative to the Global Emerging Markets (GEM) average.

title: GEM Equity Strategy Outlook 2014

key_locations:
South Africa
China

key_organizations:
SARB
ANC
Deutsche Bank


document_description: The document provides an outlook on the GEM equity strategy for 2014, focusing on Poland's equity market performance and pension fund regulations. It includes tables on pension fund flows and net equity purchases, highlighting Poland's positive return in 2013 despite pension fund nationalization. Analysts predict long-term impacts of regulatory changes and discuss risks related to government intervention in state-controlled companies.

title: GEM Equity Strategy Outlook 2014

key_people:
Tomas Krulowski
Marcin Jabczynski

key_organizations:
Deutsche Bank AG
MSCI Poland
Civic Platform
Law and Justice
PGE


document_description: The document is an equity strategy outlook report for 2014, including important disclosures, analyst certification, and equity rating key. It provides definitions for buy, sell, and hold ratings, and includes a table of equity rating dispersion and banking relationships.

title: GEM Equity Strategy Outlook 2014


document_description: The document discusses the political and economic instability in Turkey, highlighting concerns about the current-account deficit and political uncertainty. It includes comments from investment managers and mentions the Turkish government's response to a probe involving international forces and internal political tensions.

key_people:
Aleksei Belkin
Recep Tayyip Erdogan
Bekir Bozdag
Fethullah Gulen
Pablo Cisilino

key_locations:
Moscow
Turkey
New York
Istanbul

key_organizations:
Kapital Asset Management LLC
Stone Harbor Investment Partners LP


document_description: A confidential financial correspondence discussing a EURUSD Deposit Plus investment opportunity with a 4.5% annualized yield. The document includes a table with updated financial data and spot rates.

key_people:
Jeffrey
Paul Morris
Vahe Stepaniary
Tazia Smith


document_description: Document from Deutsche Asset & Wealth Management marked as confidential under Federal Rule of Criminal Procedure 6(e).


document_description: The document is a financial report titled 'GEM Equity Strategy Outlook 2014' by Deutsche Bank AG/London. It provides an outlook for emerging markets equities in 2014, discussing various regions and countries, including Asia, Latin America, and CEEMEA. The report highlights potential risks, valuations, and market sentiments for each region.

title: GEM Equity Strategy Outlook 2014


document_description: The document discusses the relative value in the financial sector within emerging markets (EM) compared to developed markets (DM), highlighting low price-to-book valuations relative to return on equity (ROE). It notes a polarization of valuations within EM sectors, with financials and energy stocks undervalued and healthcare and consumer staples overvalued. The report suggests that potential catalysts for EM re-rating include faster global growth and improved governance, though it expresses skepticism about these occurring.

title: GEM Equity Strategy Outlook 2014


document_description: The document discusses the outlook for global growth and its impact on emerging markets (EM) in 2014. It highlights the resilience of the US economy post-global financial crisis and the shift in pricing power away from EM producers. The document also addresses the risks posed by micro structural factors in EM economies, particularly in BRIC countries, and the potential impact of a stronger US dollar on EM currencies.

title: GEM Equity Strategy Outlook 2014


document_description: The document discusses the outlook for Global Emerging Markets (GEM) in 2014, highlighting concerns about China's economic influence, unresolved structural issues, and polarised valuations. It predicts negative returns for GEM and suggests maintaining a long Developed Markets (DM) position, despite diminished fundamental attractions of the US.

title: GEM Equity Strategy Outlook 2014

key_locations: China US


document_description: The document provides an equity strategy outlook for 2014, focusing on emerging markets. It includes a table showing percentage changes in various countries' markets since May 1, 2013, and from May 1 to their respective troughs. The document discusses potential for lower oil prices in 2014 due to various factors such as increased US supply and decreased demand from emerging markets. It also compares EV/NCI and CROCI metrics for main emerging markets between 2007 and 2013.

title: GEM Equity Strategy Outlook 2014


document_description: The document discusses the 2014 outlook for Global Emerging Markets (GEM) equity strategy, highlighting low valuations, a contrarian approach, and country weightings. It includes a table of net foreign inflows by country from 2004 to 2013.

title: GEM Equity Strategy Outlook 2014


document_description: The document provides an outlook on the GEM (Global Emerging Markets) equity strategy for 2014, highlighting the risks and opportunities in various markets such as China, Russia, Brazil, Korea, and Taiwan. It discusses the potential for extreme outcomes in Chinese equities, the undervaluation of the Russian market, the challenges facing Brazil's economy, Korea's cyclical nature and exposure to Chinese demand, and Taiwan's defensive qualities and performance in 2013.

title: GEM Equity Strategy Outlook 2014

key_locations: China Russia Brazil Korea Taiwan


document_description: The document provides an outlook on the equity strategy for Global Emerging Markets (GEM) in 2014, focusing on countries like Mexico, Poland, Turkey, and India. It discusses the economic and political factors influencing these markets and provides recommendations on investment positions.

title: GEM Equity Strategy Outlook 2014

key_locations: Mexico Poland Turkey India


document_description: The document provides an analysis of emerging markets (EM) and sectors based on their current Price-to-Book Value (P/BV) compared to their 10-year average and relative to EM P/BV. It includes data for various countries and sectors, highlighting their performance and valuation metrics.

title: GEM Equity Strategy Outlook 2014


document_description: The document provides an analysis of the valuation spread across non-financial sectors in emerging markets (EM) compared to developed markets (DM). It highlights that energy is a cheap EM sector relative to returns compared with DM, while consumer discretionary, IT, and telcos also appear better valued. In contrast, healthcare and consumer staples are more favorable in DM. The document includes a table comparing EM and DM by sector in terms of price-to-book value (P/BV) and return on equity (RoE). It also discusses the convergence of margins between EM and DM and the impact on RoE.

title: GEM Equity Strategy Outlook 2014


document_description: The document discusses the 2014 outlook for Global Emerging Markets (GEM) equity strategy, highlighting trends in various sectors such as IT, industrials, energy, and materials. It compares net margins between Emerging Markets (EM) and Developed Markets (DM), noting the secular decline of EM profitability relative to DM. The report also addresses the impact of state capitalism and resource nationalism on EM returns, and the challenges faced by financial sectors in both EM and DM.

title: GEM Equity Strategy Outlook 2014


document_description: The document contains figures and analysis related to the US and Emerging Markets (EM) equity strategy outlook for 2014, focusing on absolute and relative Price-to-Book Value (P/BV) metrics since 1996.

title: GEM Equity Strategy Outlook 2014


document_description: The report discusses the potential for a financial/economic crisis in emerging markets, particularly BRIC countries, due to macroeconomic factors and dysfunctional relationships between the state and corporate sectors. It highlights the risks of a 'classic' EM crisis and the need for structural reforms.

title: GEM Equity Strategy Outlook 2014

key_locations:
BRIC countries
China
Indonesia
South Africa
Turkey

document_subtype: report


document_description: The document provides an analysis of the Chinese economy and equity market, highlighting concerns about the debt trap in the corporate sector and local government. It discusses the deterioration in productivity and the dysfunctional relationship between local government and the corporate sector, which leads to resource misallocation. The document includes a table showing CROCI data from 1997 to 2013.

title: GEM Equity Strategy Outlook 2014

key_people:
Francesco Curto
Michael Spencer

key_organizations:
Deutsche Bank
MSCI
Fitch


document_description: The document discusses the critical debt situation in the materials and industrials sectors, highlighting the rising balance sheet leverage since 2008 and the implications of overcapacity driven by cost subsidies. It also mentions the increasing leverage in the economy led by local government financing vehicles, with an estimated LGFV debt level exceeding RMB20trn.

title: GEM Equity Strategy Outlook 2014


document_description: The document discusses the financial outlook for Chinese materials and industrials, highlighting issues such as the need for fiscal reform in China, blurred boundaries between state and private sectors, and the risk of a debt trap. It includes figures on FCF/Sales percentages and critiques the lack of concrete measures in China's fiscal policy post-Plenum.

title: GEM Equity Strategy Outlook 2014

key_locations: Beijing China

key_organizations:
Deutsche Bank
Bloomberg Finance LP
MSCI EM index


document_description: The document discusses the economic outlook for China in 2014, highlighting potential risks and the impact of economic reforms. It emphasizes the importance of currency devaluation and the role of developed economies, particularly the US, in supporting China's growth. The document advises a contrarian investment approach given the prevailing bullish sentiment.

title: GEM Equity Strategy Outlook 2014

key_locations: China US Euro-area


document_description: The document discusses the economic outlook for China in 2014, advising investors to be cautious with Chinese equities due to potential overvaluation and economic uncertainty. It suggests a big underweight position for GEM investors and avoidance of Chinese equities for non-dedicated investors. The document also outlines a dual strategy for investors, highlighting the risks and potential positive signs in the Chinese market.

title: GEM Equity Strategy Outlook 2014


document_description: The document provides a financial analysis of Indonesian industry heavyweights, focusing on net debt to equity ratios from FY 1996 to 1H'13. It includes a table comparing companies like ASII, INDF, UNTR, SMGR, and TLKM, and discusses the trend of net debt to equity ratios over the years.

title: GEM Equity Strategy Outlook 2014


document_description: The document discusses the outlook for Malaysia's equity market in 2014, highlighting its low-beta status but pointing out structural flaws such as rising debt and skepticism about recent reforms. It notes Malaysia's premium valuation in the equity market and predicts a negative return for dollar-based investors in 2014.

title: GEM Equity Strategy Outlook 2014


document_description: The document discusses the equity strategy outlook for the Philippines in 2014, highlighting concerns about the country's market premium, potential earnings growth decline, and supply-demand balance for equities. It reflects the views of Rafael Garchitorena, head of DB Philippines Research.

title: GEM Equity Strategy Outlook 2014


document_description: The document discusses the deteriorating economic fundamentals in Brazil, highlighting the impact of state capitalism on the performance of state-controlled companies like Petrobras. It notes the government's intervention in the corporate sector and the challenges faced by Petrobras due to price controls and local content requirements.

title: GEM Equity Strategy Outlook 2014


document_description: The document discusses the economic outlook for Brazil in 2014, highlighting the negative impact of government policies on the economy. It predicts lower growth due to private sector reluctance to invest and the impact of state-led policies. The document also mentions potential pressure on consumption and employment, and the effect of slower growth in China on Brazil's fiscal revenues and FDI inflows. Despite poor fundamentals, it warns of potential sharp market movements influenced by political factors and events like the World Cup. The document concludes with a recommendation to remain underweight in Brazil due to unattractive stock valuations.

title: GEM Equity Strategy Outlook 2014

key_locations: Brazil Argentina Russia China


document_description: The report discusses the South African equity market's performance, highlighting the impact of the weak rand and the potential economic challenges in 2014. It notes the market's premium valuation due to superior governance and capital allocation, despite concerns about rising business costs. Sector valuations and returns are analyzed, with a focus on the Consumer Staples sector's underperformance.

title: GEM Equity Strategy Outlook 2014


document_description: The document is an equity strategy outlook report for 2014, including important disclosures, analyst certification, and equity rating key. It provides definitions for buy, sell, and hold ratings, and includes a table showing equity rating dispersion and banking relationships.

title: GEM Equity Strategy Outlook 2014


document_description: This document is a global disclaimer from Deutsche Bank AG, outlining the reliability of information, potential conflicts of interest, and legal disclaimers related to investment advice and securities transactions. It includes information on Deutsche Bank's global locations and contact details.

title: Global Disclaimer

key_people:
David Folkarts-Landau
Guy Ashton
Marcel Cassard
Richard Smith
Steve Pollard
Michael Spencer
Ralf Hoffmann
Andreas Neubauer

key_locations:
Sydney, Australia
London, United Kingdom
Frankfurt, Germany
Hong Kong
Tokyo, Japan
New York, USA

document_subtype: disclaimer

key_organizations:
Deutsche Bank AG
Deutsche Securities Inc.
Deutsche Bank Securities Inc.


document_description: This document is a valuation statement from Deutsche Bank AG for Southern Financial, LLC, detailing several FX option trades with their respective trade IDs, counterparties, trade types, dates, amounts, and market-to-market values.

title: Deutsche Bank Group Valuation Statement

key_organizations:
Deutsche Bank AG
Southern Financial, LLC


document_description: The document is a daily deposit report listing large, zero, and negative balances for various accounts as of December 27, 2013. It includes account names, categories, and balances.

title: Daily Deposit Report

key_people:
Jeffrey Epstein
Dominique Leimer
Darren K. Indyke

key_organizations:
Summit Equities LLC
Southern Trust Company, Inc.
Southern Financial LLC
Neptune, LLC
Hyperion Air, LLC
Hyperion Air, Inc
JEGE, Inc
JEGE, LLC
HBRK Associates, Inc
New York Strategy Group, LLC
MORT, Inc
Plan D, LLC
The 2007 Jeffrey E. Epstein Insurance
NES, LLC


document_description: This document is a valuation statement from Deutsche Bank AG for Southern Financial, LLC, detailing FX options trades as of December 30, 2013. It includes trade details such as trade ID, counterparty, trade type, trade date, maturity date, settlement date, notional amounts, option style, and market-to-market values.

title: Deutsche Bank Group Valuation Statement


document_description: This document is a valuation statement from Deutsche Bank Group for Southern Financial, LLC, detailing FX options trades as of December 31, 2013. It includes trade IDs, counterparties, trade types, trade dates, maturity dates, notional amounts, option styles, and market-to-market values in USD.

title: Deutsche Bank Group Valuation Statement


document_description: This document is a valuation statement from Deutsche Bank AG for Southern Financial, LLC, detailing FX-Options trades with various trade IDs, counterparties, trade types, and financial details including notional amounts, option styles, and market-to-market values.

title: Deutsche Bank Group Valuation Statement


document_description: A confidential communication from Deutsche Bank indicating that they do not provide legal or tax advice.


document_description: This document is a confidential communication from Deutsche Bank Securities Inc. and Deutsche Asset & Wealth Management, located at 345 Park Avenue, New York. It is marked as confidential pursuant to Federal Rule of Criminal Procedure 6(e).


document_description: This document is a valuation statement from Deutsche Bank AG for Southern Financial, LLC, detailing FX options trades as of January 6, 2014. It includes trade details such as trade ID, counterparty, trade type, trade date, maturity date, settlement date, notional amounts, currencies, long/short positions, option style, put/call, strike price, and mark-to-market values in USD.

title: Deutsche Bank Group Valuation Statement


document_description: The document is a daily deposit report listing large, zero, and negative balances for various accounts, including those associated with Jeffrey Epstein and related entities.

title: Daily Deposit Report

key_organizations:
Summit Equities LLC
Southern Trust Company, Inc.
Southern Financial LLC
Neptune, LLC
Hyperion Air, LLC
Hyperion Air, Inc
JEGE, Inc
JEGE, LLC
HBRK Associates, Inc
New York Strategy Group, LLC
MORT, Inc
Plan D, LLC
NES, LLC


document_description: The document contains confidential information related to a legal case, marked as confidential pursuant to Federal Rule of Criminal Procedure 6(e). It includes reference numbers DB-SDNY-0107279, SDNY_GM_00253463, and EFTA01451093.


document_description: Business card of Caroline V. Kitidis, Managing Director at Deutsche Bank Securities Inc.

key_locations: 345 Park Avenue, 26th Floor, New York, NY 10154-0004

document_subtype: business card


document_description: This document is a valuation statement from Deutsche Bank Group for Southern Financial, LLC, detailing several FX option trades with their respective trade dates, maturity dates, settlement dates, notional amounts, currencies, option styles, and mark-to-market values. The statement includes a subtotal and total valuation.

title: Deutsche Bank Group Valuation Statement


document_description: The document is a daily deposit report listing large, zero, and negative balances for various accounts, including those associated with Jeffrey Epstein and related entities. It also details large transactions for certain accounts.

title: Daily Deposit Report

key_organizations:
Summit Equities LLC
Southern Trust Company, Inc.
Southern Financial LLC
Neptune, LLC
Hyperion Air, LLC
Hyperion Air, Inc
JEGE, Inc
JEGE, LLC
HBRK Associates, Inc
New York Strategy Group, LLC
MORT, Inc
NES, LLC


document_description: The document is marked as confidential under Federal Rule of Criminal Procedure 6(e) and contains reference numbers DB-SDNY-0107333, SDNY_GM_00253517, and EFTA01451118. No specific content or context is provided beyond these identifiers.


document_description: Meeting notes discussing the Deutsche Bank Investment Team's strategy and outlook for 2014. Key Client Partners (KCP) team structure and global coverage are outlined, along with market strategies and predictions for 2014.

title: JE Meeting - January 10, 2014

key_people:
Caroline Kitidis
Vinit Sahni
Nay Gupta
Vanshree Verma
Roger Pocsh
Tazia Smith
Raphael Zagury
Luis Chavez
Bobby Abraham
Ed Lam
Apurva Gupta
Faraz Munaim
Caleb David
George Saravelos
Joe Spinelli
Brian Rigney
Frank Wendels
Greg Kuppenheimer
Andy Yaeger
Chris Loudon
Phil Giordano

key_locations:
US
Latam
Singapore
London
Zurich
Geneva
New York
Hong Kong
Mumbai

document_subtype: meeting notes

key_organizations:
Deutsche Bank
Key Client Partners
Corporate Bank & Securities
Asset & Wealth Management


document_description: The document contains financial and investment recommendations, including bullish positions on European recovery, USD, and specific equities. It also discusses interest rates and inflation risks. Additionally, it includes account summaries and position reviews for JE DB Account (Tazia) and JE Position Review (Ninit & Tazia).

key_people: JE Ninit Tazia

key_organizations: DB Gymboree


document_description: Meeting notes detailing the Deutsche Bank Key Client Partners (KCP) Global Investment Team's structure and strategy for 2014. It includes information on key personnel, market strategies, and investment outlooks.

title: JE Meeting - January 10, 2014

key_people:
Caroline Kitidis
Vinit Sahni
Nav Gupta
Vanshree Verma
Roger Pocsh
Tazia Smith
Raphael Zagury
Luis Chavez
Bobby Abraham
Ed Lam
Apurva Gupta
Faraz Munaim
Caleb David
Bilal Hafeez
George Saravelos
Joe Spinelli
Brian Rigney
Frank Wendels
Greg Kuppenheimer
Andy Yaeger
Phil Giordano

key_organizations:
Deutsche Bank
Key Client Partners
DB Global Markets Research
Corporate Bank & Securities
Asset & Wealth Management


document_description: The document provides a financial analysis and market forecast, including GDP and CPI inflation forecasts for 2013/2014, and year-end forecasts for various financial indicators. It discusses bullish and bearish market positions on currencies, equities, and inflation.

key_people: Tazia Winit

key_locations: Japan Europe Germany Eurozone US China

document_subtype: financial analysis


document_description: Deutsche Bank FX Strategists predict USDJPY to reach 115 by the end of 2014 and 120 by the end of 2015, suggesting a strategy involving buying a long-dated in-the-money call and selling an in-the-money knock-out for positive carry and time decay. The document includes an example strategy and indicative levels, with a focus on the weakness of the Japanese Yen against the USD.

title: Bearish Yen, Positive Carry Trade

key_organizations:
Deutsche Bank
Bloomberg


document_description: The report discusses Gymboree's financial situation, highlighting positive free cash flow and a turnaround story under new management. It notes risks such as competitive pressure and execution challenges. Gymboree's debt was downgraded to Caa3 by Moody's following disappointing results.

title: Gymboree (GYMB) Analyst Report

key_people:
Mark Breitbard
Karru Martinson

document_subtype: analyst report

key_organizations:
Gymboree
DB Global Markets
Moody's
S&P


document_description: This document outlines a structured financial product linked to the performance of the USDJPY currency pair over a two-year period. It details the conditions under which payments are made or received based on the USDJPY exchange rate relative to predetermined strike levels and barriers. The strategy terminates upon meeting a target profit condition.

title: 2 Year Pivot Target Profit Forward with European Knock-In on USDJPY

document_subtype: Indicative Term Sheet


document_description: This document outlines the terms and conditions for a 2-year pivot target profit forward transaction with a European knock-in on USDJPY. The transaction is linked to the USDJPY Fix, with significant leverage risks. Deutsche Bank AG acts as the principal. The document includes details on notional amounts, exchange dates, fixing dates, and conditions for monthly exchanges based on USDJPY Fix relative to pivot, upper, and lower strikes and barriers.


document_description: This document outlines the terms for a 2-year financial product involving derivatives, specifically a Pivot Target Profit Forward with European Knock-In on USDJPY. The target profit is set at 25.00 big figures. The document details the conditions under which the target profit is achieved and the subsequent adjustments to cashflows. It specifies the roles of the Calculation Agent and the business day conventions for fixings and payments.

key_locations:
Tokyo
New York
London


document_description: This document is an indicative term sheet for a structured product involving derivatives, specifically a 2-year pivot target profit forward with a European knock-in on USDJPY. It includes a schedule of fixing and exchange dates from December 2013 to November 2015. The document advises potential investors to fully understand the risks involved and seek professional advice if needed.


document_description: The document is a Deutsche Bank Markets Research report on foreign exchange strategies dated 9 January 2014. It outlines various themes for trading different currency pairs, including buying USD against NZD, CHF, SGD, and EUR/USD risk reversal, buying USD/JPY, buying GBP/CAD, selling CHF/NOK, buying AUD/NZD, selling EUR/SEK, buying EUFI/NOK put, following trends in JPY and CAD, buying USD/INR put, buying USD/SGD, selling USD/CNH, selling JPY/KRW, selling EUR/PLN, selling USD/ILS, selling EUR/HUF, selling EUR/RUB, buying USD/TRY, buying MXN vs. USD, CLP, RUB, buying CLP/COP, and buying EUR/USD FVAs, USD/JPY vol swaps end risk reversals, AUD/USD puts.

title: Deutsche Bank FX Blueprint

key_people:
Bilal Hafeez
James Malcolm
Henrik Gullberg
George Saravelos
Siddharth Kapoor
Oliver Harvey
Nicholas Weng
Alan Ruskin
Daniel Brehon
Drausio Giacomelli
Guilherme Marone
Sameer Goel
Mallika Sachdeva
Perry Kojodjojo
Adam Boyton
Taisuke Tanaka

key_locations:
London
New York
Singapore
Sydney
Tokyo

document_subtype: research report


document_description: The document provides an overview of financial market trends and predictions for 2014, focusing on currency movements and economic conditions in various regions. It discusses the strengthening of the US dollar, the bearish outlook on the yen, and the economic prospects in the UK, Europe, and Asia-Pacific. It also evaluates emerging markets, highlighting the Indian rupee as a favorable currency and noting challenges for the Turkish lira and South African rand.

title: EX Blueprint Thin end of the wedge


document_description: The document discusses the expected performance of the US dollar in 2014, driven by the Federal Reserve's actions and US equity inflows. It suggests buying USD against NZD, CHF, and SGD. The document also analyzes the Euro-area current account, US yield curve, and equity inflows, providing a detailed financial outlook.

title: FX Blueprint: Thin end of the wedge


document_description: The document discusses the economic outlook for the UK in 2014, focusing on inflation risks, potential FDI inflows, and the impact on GBP. It predicts a moderately bearish outlook for EUR/GBP and GBP/USD, with specific forecasts for the end of the year. The document also highlights the UK's domestic demand cycle, inflation expectations, and the current account deficit's impact on currency gains.

title: FX Blueprint: Thin end of the wedge


document_description: The document discusses the significant fall in the AUD/NZD cross in 2013, the largest in over 28 years, and the potential for a rebound in 2014. It analyzes historical trends, valuation metrics, and interest rate differentials as key factors influencing the currency pair's movement.

title: FX Blueprint: Thin end of the wedge

key_organizations:
Deutsche Bank
Bloomberg Finance LP


document_description: The document discusses the Australian rates market, labor market indicators, and the impact of China's economic outlook on the AUD. It highlights the potential narrowing of interest rate differentials between Australia and New Zealand and the influence of commodity prices on these differentials.

title: FX Blueprint: Thin end of the wedge

key_locations:
Australia
China
New Zealand


document_description: The document discusses the economic situation in Norway, focusing on the balance between falling house prices and sticky inflation. It highlights Norges Bank's monetary policy challenges and the impact of crude oil prices on the Norwegian krone (NOK). The document includes tables on real estate prices and crude oil/EUR-NOK exchange rates, as well as a graph on core inflation projections.

title: FX Blueprint: Thin end of the wedge

key_organizations:
Norges Bank
Deutsche Bank


document_description: The document discusses the profitability of non-commercial positions in currency markets, highlighting that profit seekers have consistently made money since 1993, often at the expense of commercial users. It includes analysis of currency speculators' ability to predict currency directions and the impact of FX volatility on profits. The document also presents tabular data on average weekly P&L for profit-seekers and liquidity-seekers from 1993 to 2013, and specific currency positions in 2010-2013.

title: EX Blueprint Thin end of the wedge

key_locations:
New York
London

key_organizations:
Deutsche Bank
Bloomberg Finance LLP
Reserve Bank of Australia


document_description: The document provides an analysis of Asian foreign exchange markets, highlighting the division between North and South Asia in 2013. It discusses the challenges faced by South Asian currencies and the improved fundamentals of the Indian rupee. The document also includes data on Indian exports and debt flows, as well as a table comparing currency valuations.

title: FX Blueprint: Thin end of the wedge

key_locations:
India
North Asia
South Asia

key_organizations:
Deutsche Bank
Bloomberg Finance LP
CDSL
SEBI


document_description: The document provides an analysis of currency trends and expectations for 2014, focusing on USD strength, RMB appreciation, and JPY/KRW dynamics. It includes a table of shipbuilding and overseas construction orders from 1997 to 2012.

title: FX Blueprint: Thin end of the wedge

key_locations: Singapore China Korea


document_description: The document discusses the value of Latin American currencies in the context of strong US/global growth. It suggests staying long on the Mexican Peso (MXN) against the USD, COP, and RUB due to favorable oil production prospects and financial inflow pre-pricing. The document also highlights the potential benefits for CLP/COP from terms of trade and political uncertainty, while advising caution on BRL due to structural concerns. The analysis anticipates that Latin American FX will offer more value in the coming months, with a focus on currencies with strong export exposures like CLP, PEN, and MXN. Structural concerns and balance of payments dynamics are noted as headwinds for the region.

title: FX Blueprint: Thin end of the wedge

key_locations:
Latin America
Mexico
Brazil
Colombia
Chile


document_description: The document discusses relative value opportunities in volatility surface distortions, specifically focusing on EUR/USD FVAs, USD/JPY vol swaps, and AUD/USD puts. It analyzes changes in 3M implied volatilities over the past year and suggests strategies for hedging against event risks. The document also evaluates long-term model valuations for JPY volatility and discusses the implications of various economic factors on volatility trends.

title: FX Blueprint: Thin end of the wedge


document_description: The document discusses trading strategies involving USD/JPY and USD-CAD, focusing on leveraging USD/JPY skew and lowering USD-CAD beta. It includes historical data and analysis on risk reversals, implied correlations, and returns. The document provides specific trade recommendations and historical context for currency movements.

title: FX Blueprint: Thin end of the wedge

key_people:
Nicholas Wang
James Malcolm


document_description: The document is a financial report from Deutsche Bank AG/London, detailing trade recommendations and their performance from September 24, 2013, to January 8, 2014. It includes a table summarizing various trades, their themes, and the gains or losses associated with each trade and theme.

title: FX Blueprint: Thin end of the wedge


document_description: This document is a research report titled 'FX Blueprint: Thin end of the wedge' dated January 9, 2014. It includes important disclosures and an analyst certification. The report reflects the personal views of the lead analysts and states that they have not received compensation for specific recommendations. The document is marked confidential under federal rules.

title: FX Blueprint: Thin end of the wedge

key_people:
Bilal Hafeez
Alan Ruskin
Henrik Gullberg
James Malcolm
Sameer Goel


document_description: Deutsche Bank's research report on Gymboree Corp highlights disappointing fiscal results and challenges in the company's turnaround efforts. Despite new management and some positive steps like inventory control and bond repurchase, the company faced issues with promotional activities and e-commerce fulfillment. The report maintains a long-term positive view on the term loan and a BUY recommendation on the bonds, while noting risks such as competitive pressure and execution on design.

title: Still Waiting For The Turnaround

document_subtype: Research Report

key_organizations:
Deutsche Bank
Gymboree Corp


document_description: The document contains a detailed financial performance report of Gymboree Corporation, including historical and estimated results in millions of dollars. It covers various financial metrics such as net sales, cost of goods sold, gross profit, and EBITDA, among others, for different fiscal years.

title: Gymboree Corporation Historical and Estimated Financial Performance

key_organizations:
Gymboree Corporation
Deutsche Bank


document_description: The document is a daily deposit report listing large, zero, and negative balances for various accounts, including those associated with Jeffrey Epstein and related entities.

title: Daily Deposit Report

key_organizations:
Summit Equities LLC
Southern Financial LLC
Neptune, LLC
Hyperion Air, LLC
Hyperion Air, Inc
JEGE, Inc
JEGE, LLC
HBRK Associates, Inc
New York Strategy Group, LLC
Southern Trust Company, Inc.
The 2007 Jeffrey E. Epstein Insurance
NES, LLC
Mort, Inc


document_description: A meeting is scheduled with Jeffrey Epstein, with potential opportunities discussed. Attachments related to Epstein Holdings and financial outlooks were deleted.

key_people:
Tazia Smith
Jeffrey Epstein
Amanda Kirby

key_organizations:
Deutsche Bank Securities Inc
Deutsche Asset & Wealth Management


document_description: This document is a financial statement from Southern Financial LLC detailing security positions, including quantities, purchase and sale values, and unrealized gains or losses for various securities as of December 2013.

title: Southern Financial LLC Security Positions

document_subtype: financial statement


document_description: This document lists the security positions held by Southern Trust Company and Jeepers, Inc as of December 31, 2013. It includes details such as the quantity, security type, and values as of November 30, 2013, and December 31, 2013, along with the unrealized gains or losses for November.

title: Southern Trust Company and Jeepers, Inc Security Positions

key_organizations:
Southern Trust Company
Jeepers, Inc


document_description: This document is a financial statement from Deutsche Bank AG detailing foreign exchange (FX) options trades with Southern Financial, LLC. It includes trade IDs, trade types, dates, amounts, currencies, and market-to-market valuations.

document_subtype: FX Option Statement

key_organizations:
Deutsche Bank AG
Southern Financial, LLC


title: Daily Deposit Report

key_organizations:
Summit Equities LLC
Southern Financial LLC
Neptune, LLC
Hyperion Air, LLC
Hyperion Air, Inc
JEGE, Inc
JEGE, LLC
HBRK Associates, Inc
New York Strategy Group, LLC
Southern Trust Company, Inc.
The 2007 Jeffrey E. Epstein Insurance
NES, LLC
MORT, Inc


document_description: A memo from Nam Gupta, Managing Director at Deutsche Bank AG, and Tazia Smith, Director at Deutsche Bank Securities Inc, discussing proposed ideas delivered by the DeAWM Key Client Partners London desk. The memo emphasizes that these ideas are for discussion purposes only and do not create any legally binding obligation on Deutsche Bank AG or its affiliates. It is intended for professional investors who can independently evaluate the strategy, characteristics, and risks associated with the proposed ideas.

key_people:
Nam Gupta
Tazia Smith

key_locations:
London, United Kingdom
New York, NY, USA

document_subtype: memo

key_organizations:
Deutsche Bank AG
Deutsche Asset & Wealth Management
Deutsche Bank Securities Inc
DeAWM Key Client Partners


document_description: Deutsche Bank's FX Blueprint report outlines various foreign exchange trading themes and strategies for January 2014, including currency pair recommendations and market trends.

title: Deutsche Bank FX Blueprint


document_description: The document discusses the performance of the EUR in 2013 and its outlook for 2014. It highlights the factors that contributed to the EUR's strength, such as the Euro-area's current account surplus and interest rate differentials. The document also provides insights into other dollar crosses to short, including NZD, SGD, and CHF, and includes tabular data on EUR/USD yields and portfolio inflows into the Euro-area.

title: FX Blueprint: Thin end of the wedge

key_people:
George Sal avelos
Bile!Hafeoz


document_description: The document discusses Japan's balance of payments and its impact on the yen, highlighting vulnerabilities in external accounts and the influence of Abenomics. It forecasts USD/JPY rates and analyzes market conditions.

title: FX Blueprint: Thin end of the wedge

key_people:
James Malcolm
Taisuke Tanaka

key_locations: Japan London Tokyo


document_description: The document discusses the economic outlook for the UK in 2014, focusing on inflation risks, potential FDI inflows, and the impact on GBP. It predicts a moderately bearish outlook for EUR/GBP and GBP/USD, with specific forecasts for the end of the year. The document also highlights the UK's current account deficit and its implications for currency performance.

title: FX Blueprint: Thin end of the wedge


document_description: The document discusses reasons to short CHF/NOK, focusing on rate differentials, safe-haven inflows, and domestic outflows. It highlights the economic conditions in Norway and Switzerland, including inflation, market pricing, and capital flows. The document also includes a table showing currency performance from 1990 and 2000, and charts on net portfolio flows and Swiss inflation.

title: FX Blueprint: Thin end of the wedge

key_locations: Norway Switzerland


document_description: The document discusses the Swedish economy's performance, focusing on the Swedish krona (SEK) and its impact on the economy. It highlights the challenges faced by Sweden due to losing market share to developing markets, despite a global recovery. The document also includes data on exports of goods and services as a percentage of GDP for various currencies and discusses the potential for the SEK to strengthen due to global growth and higher equity prices.

title: EX Blueprint Thin end of the wedge

key_locations:
Sweden
Germany
Norway
Central and Eastern Europe


document_description: The document discusses the economic situation in Norway, focusing on the balance between falling house prices and sticky inflation. It highlights Norges Bank's monetary policy challenges, the impact of FX weakness on inflation, and the outlook for crude oil prices. The document includes tables on real estate prices and EUR/NOK exchange rates, as well as a graph on core inflation projections.

title: FX Blueprint Thin end of the wedge


document_description: The document discusses the profitability of non-commercial positions in currency markets, highlighting that profit seekers have consistently made money since 1993, often at the expense of commercial users. It includes data on profit and loss for non-commercial and commercial actors from 1993 to 2013, and analyzes trends in currency trading, particularly focusing on EUR/USD and USD/JPY movements.

title: EX Blueprint Thin end of the wedge


document_description: The document provides an analysis of foreign exchange (FX) trends and strategies, focusing on the EMEA region. It suggests going long on PLN and HUF due to competitive real effective exchange rates (REERs) and strong German demand, while staying short on TRY due to insufficient reserves and external deficits. The document discusses the impact of the Fed's monetary policy on global FX markets and highlights the divergence in performance among EMEA currencies. It also includes graphical data on currency correlations and export percentages.

title: FX Blueprint: Thin end of the wedge

key_locations: EMEA Poland Germany


document_description: The document provides an analysis of various currencies and their economic conditions, including the impact of oil/gas findings on economies, the policy approach of the NBH, and the trends in the ruble, ZAR, and TRY. It also includes data on FDI inflows into Israel and Hungary's C/A surplus.

title: FX Blueprint: Thin end of the wedge

key_locations: London Israel Hungary Turkey


document_description: The document discusses the value of Latin American currencies in the context of strong US/global growth. It suggests staying long on the Mexican Peso (MXN) against the USD, COP, and RUB due to favorable oil production prospects and financial inflow pre-pricing. The document also highlights the potential benefits for CLP/COP from terms of trade and political uncertainty, while advising caution on BRL due to structural concerns. The analysis anticipates that Latin American FX will offer more value in 2014, with a focus on currencies with strong export exposures like CLP, PEN, and MXN. Structural concerns and balance of payments dynamics are noted as challenges for the region.

title: FX Blueprint: Thin end of the wedge

key_locations:
Latin America
Mexico
Brazil
Colombia
Chile
Peru


document_description: The document discusses relative value opportunities in volatility surface distortions, specifically focusing on EUR/USD FVAs, USD/JPY vol swaps, and AUD/USD puts. It highlights potential catalysts affecting EUR/USD implied volatility, such as US fiscal issues and EU political uncertainty, and suggests strategies for hedging against event risks. The analysis also covers long-term model valuations for JPY volatility and the implications of changes in commodity prices, Japanese current account, and US equities' P/E ratio.

title: FX Blueprint: Thin end of the wedge


document_description: The document is a financial report from Deutsche Bank AG/London, detailing trade recommendations and their performance from September 24, 2013, to January 8, 2014. It includes a table of trades, themes, and their respective gains or losses.

title: FX Blueprint: Thin end of the wedge


document_description: A memo discussing a 10-year expiry SY call option with specific characteristics, including positive decay, knockout feature, sensitivity to SY spot moves, and cost comparison to a vanilla call option. The memo is intended for discussion purposes only and does not create any legal obligation for Deutsche Bank AG or its affiliates.

key_people:
Nay Gupta
Tazia Smith

key_organizations:
Deutsche Bank AG
Deutsche Asset & Wealth Management
Deutsche Bank Securities Inc


document_description: The document discusses the financial outlook for 2014, focusing on currency trends and economic conditions. It highlights a regime change in the dollar's correlation to equities, the impact of Fed tapering on emerging markets, and the expected strengthening of the USD against certain currencies. It also covers trends in the yen, UK economy, and various global currencies, including the Norwegian krone, Swiss franc, and currencies in the Asia-Pacific region. The document concludes with a review of previous trades and their outcomes.

title: EX Blueprint Thin end of the wedge


document_description: The document discusses the performance of the EUR in 2013 and its outlook for 2014, highlighting factors such as interest rate differentials and portfolio inflows. It also provides insights into other currency pairs and their valuations.

title: FX Blueprint: Thin end of the wedge

key_people:
George Saravelos
Bilal Hafeez


document_description: The document discusses the economic outlook for the UK in 2014, focusing on inflation risks, potential FDI inflows, and the current account deficit. It predicts that sterling will be supported by inflation and FDI inflows but constrained by a widening current account deficit and a stronger USD. The document is moderately bearish on EUR/GBP and GBP/USD, forecasting 80p and 1.54 by the end of the year, respectively. It also suggests buying GBP versus CAD due to vulnerabilities in the Canadian economy. The document includes a table showing the budget for UK Trade and Investment from 2008 to 2013.

title: FX Blueprint: Thin end of the wedge

key_locations: UK London


document_description: The document provides an analysis of Asian foreign exchange markets, highlighting the division between North and South Asia in 2013. It discusses the challenges faced by South Asian currencies due to political instability and weak commodity prices, while noting improvements in the Indian rupee's performance due to better external balances and potential positive debt and equity flows. The document also includes a table comparing currency valuations and a chart on Indian exports and debt flows.

title: FX Blueprint: Thin end of the wedge

key_locations:
India
South Asia
North Asia


document_description: The document provides an analysis of currency trends and expectations for 2014, focusing on USD strength, RMB appreciation, and JPY/KRW dynamics. It includes a table of shipbuilding and overseas construction orders from 1997 to 2012.

title: FX Blueprint: Thin end of the wedge

key_people:
Mallika Sachdeva
Perry Kojodjojo

key_locations:
Singapore
Hong Kong
London


document_description: The document provides an analysis of currency trends and recommendations for investments in the EMEA region. It suggests going long on PLN and HUF due to competitive real exchange rates and strong German demand, while staying short on TRY due to insufficient reserves and external deficits. The analysis includes correlation data, growth prospects, and the impact of global economic conditions on various currencies.

title: FX Blueprint: Thin end of the wedge


document_description: The document discusses trading strategies involving USD/JPY and USD/CAD, focusing on risk reversals and implied correlations. It analyzes historical precedents and market conditions to recommend specific options trades.

title: FX Blueprint: Thin end of the wedge


document_description: The document is a financial report from Deutsche Bank AG/London, detailing trade recommendations and their performance from September 24, 2013, to January 8, 2014. It includes a table of trades with themes, gains/losses, and hit ratios.

title: FX Blueprint: Thin end of the wedge


document_description: This document is a research report from Deutsche Bank, discussing foreign exchange strategies. It includes important disclosures and an analyst certification. The report emphasizes that the views are personal to the analysts and not influenced by compensation.

title: FX Blueprint: Thin end of the wedge


document_description: The document contains regulatory disclosures and risk assessments related to Deutsche Bank's equity research and fixed income positions. It includes conflict disclosures, short-term trade ideas, and country-specific disclosures for various regions including Australia, New Zealand, Brazil, EU countries, Japan, Malaysia, and Russia. It also discusses risks associated with fixed income positions, including macroeconomic fluctuations, interest rate changes, and currency risks.

title: EX Blueprint Thin end of the wedge

key_locations:
Australia
New Zealand
Brazil
EU countries
Japan
Malaysia
Russia


document_description: This document is a global disclaimer from Deutsche Bank AG, outlining the reliability of information, risks associated with financial transactions, and legal responsibilities. It emphasizes the importance of independent decision-making by clients and the potential risks involved in foreign exchange and derivative transactions.

title: Global Disclaimer

key_people:
David Folkerts-Landau
Guy Ashton
Marcel Cassard
Richard Smith
Steve Pollard
Michael Spencer
Ralf Hoffmann
Andreas Neubauer

key_locations:
Sydney, Australia
Frankfurt, Germany
Hong Kong
Tokyo, Japan
London, United Kingdom
New York, USA

key_organizations:
Deutsche Bank AG
Deutsche Securities Inc.


document_description: Confidential communication from Deutsche Bank Securities Inc and Deutsche Asset & Wealth Management, intended for Jeffrey Epstein. The communication contains disclaimers about confidentiality, privilege, and unauthorized use. It also mentions that Deutsche Bank does not provide legal or tax advice.


document_description: The document contains a forwarded email discussing a chart of PDVSA 5% 10/28/15 price history and a description of a USDJPY 10-year trade. The email includes a detailed analysis of long SY call options and their characteristics, as well as predictions for USDJPY rates by Deutsche Bank FX Strategists.

key_people:
Jeffrey
Tazia Smith
Nav Gupta

key_locations:
London
United Kingdom


document_description: This document is a communication from Tazia Smith, Director at Deutsche Bank Securities Inc, to professional investors. It discusses the understanding and evaluation of investment strategies and the need for internal approvals before executing trades. The communication contains confidentiality notices and disclaimers about legal and tax advice.

key_people:
Tazia Smith
Jeffrey Epstein

key_locations: 345 Park Avenue, 26th Floor, New York, NY 10154


document_description: Deutsche Bank FX Strategists predict USDJPY rates of 115 by end of 2014 and 120 by end of 2015. A 10-year expiry SY call option is discussed, highlighting its characteristics and potential profitability. The memo emphasizes that the ideas are for discussion purposes only and do not create any legally binding obligations.

key_people:
Nav Gupta
Tazia Smith


document_description: This document is a confidential communication, possibly containing privileged information, intended only for the addressee. It includes disclaimers about unauthorized use and mentions Deutsche Bank's non-provision of legal or tax advice.


document_description: The document contains confidential information related to the Jeffrey Epstein case, marked as confidential pursuant to Federal Rule of Criminal Procedure 6(e).


document_description: A memo from Deutsche Bank's Key Client Partners (KCP) London desk discussing proposed ideas for professional investors. It emphasizes that the ideas are for discussion purposes only and do not create any legally binding obligations. The memo also includes confidentiality and privilege notices.

key_locations:
London
New York


document_description: This document is a confidential communication that may contain privileged information, intended only for the use of the addressee. It includes disclaimers about unauthorized use, disclosure, or copying, and provides instructions for notifying the sender in case of receipt in error.


document_description: Deutsche Bank FX Strategists predict USDJPY rates of 115 by end of 2014 and 120 by end of 2015. Discussion of a 10-year expiry SY call option with specific characteristics and risks. The option decays positively if SY stays at current levels, knocks out if SY trades at 90.00, and is sensitive to SY spot moves. Maximum loss is the premium paid.

key_locations:
London, United Kingdom
New York, USA


document_description: Deutsche Bank's FX Blueprint report outlines various foreign exchange trading themes and strategies for January 2014, including buying USD against several currencies and other specific currency trades.

title: Deutsche Bank FX Blueprint

key_locations:
London
New York
Singapore
Sydney
Tokyo

document_subtype: financial research report


document_description: The document discusses reasons to short CHF/NOK, focusing on rate differentials, safe-haven inflows, and domestic outflows. It highlights the relative economic cycles of Norway and Switzerland, the impact of safe-haven inflows and outflows, and the misalignment of CHF/NOK with traditional drivers like oil/gold. The document includes a table showing FX correlation to US GDP for various currencies and discusses net portfolio flows in Norway and Switzerland.

title: FX Blueprint: Thin end of the wedge


document_description: The document discusses the significant fall in the AUD/NZD cross in 2013, the largest in over 28 years, and analyzes the potential for a rebound in 2014. It examines historical trends, valuation metrics, and interest rate differentials as key factors influencing the currency pair's movement.

title: FX Blueprint: Thin end of the wedge


document_description: The document discusses the Swedish economy and the performance of the Swedish krona (SEK) in the context of global economic trends. It highlights the challenges faced by Sweden due to losing market share to emerging markets, despite the SEK being undervalued. The document also provides a forecast for the EUR/SEK exchange rate and discusses the potential impact of global growth on Swedish corporate revenues and equity prices.

title: EX Blueprint Thin end of the wedge

key_locations:
Sweden
Germany
Norway
Central and Eastern Europe
Asia
Eurozone
US
UK


document_description: The document discusses currency trends and forecasts for 2014, focusing on USD strength, RMB appreciation, and JPY/KRW dynamics. It includes a table of shipbuilding and overseas construction orders from 1997 to 2012.

title: FX Blueprint: Thin end of the wedge

key_locations: Singapore China Korea


document_description: The document discusses foreign exchange strategies focusing on EMEA currencies. It suggests going long on PLN and HUF due to competitive real exchange rates and strong German demand, while staying short on TRY due to insufficient reserves and external deficits. The document analyzes the impact of the Fed's monetary policy on global currencies, highlighting the underperformance of TRY and the outperformance of ILS and PLN. It also discusses the potential for more divergence in EMEA currencies and the impact of global liquidity tightening on certain currencies.

title: FX Blueprint: Thin end of the wedge

key_locations: EMEA Poland Germany Turkey Russia


document_description: The document provides an analysis of various currencies and their economic conditions, including oil/gas findings, intervention policies, and financial stability. It discusses the Hungarian forint, Russian ruble, South African rand, Turkish lira, and Israeli FDI inflows. It includes currency targets and stop-loss recommendations.

title: FX Blueprint: Thin end of the wedge


document_description: The document discusses the economic outlook for various Latin American currencies, including the Mexican Peso (MXN), Brazilian Real (BRL), Colombian Peso (COP), Chilean Peso (CLP), and Peruvian Sol (PEN). It anticipates stronger growth for Mexico and challenges for Brazil, with specific currency trading strategies suggested. The document includes a table showing the impact of elections on the currencies of Colombia and Brazil.

title: FX Blueprint: Thin end of the wedge

key_people:
Guilherme Marone
Oliver Harvey

key_locations:
New York
London
Mexico
Brazil
Colombia
Chile
Peru


document_description: The document discusses relative value opportunities in volatility surface distortions, specifically focusing on EUR/USD FVAs, USD/JPY vol swaps, and risk reversals. It highlights the subdued EUR/USD implied volatility in 2013 and suggests owning EUR/USD vol as a hedge against tail risks. The document also analyzes USD/JPY volatility, suggesting a long position based on model valuations. It notes changes in 3M implied volatilities over the past year and provides charts for visual representation.

title: FX Blueprint: Thin end of the wedge


document_description: This document is a research report from Deutsche Bank AG/London, discussing foreign exchange strategies. It includes important disclosures and an analyst certification. The report emphasizes that the views expressed are personal and not influenced by compensation.

title: FX Blueprint: Thin end of the wedge


document_description: The document contains regulatory disclosures and risks associated with fixed income positions. It includes conflict disclosures, short-term trade ideas, and country-specific disclosures for various regions including Australia, New Zealand, Brazil, EU countries, Japan, Malaysia, and Russia. It also discusses macroeconomic risks to fixed income positions and the importance of proper index fixings in swaps markets.

title: EX Blueprint Thin end of the wedge

reference_numbers: Registration number - Registered as a financial instruments dealer by the Head of the Kanto Local Finance Bureau (Kinsho) No. 117


document_description: The document is marked as confidential and is related to legal proceedings, specifically under the Federal Rules of Criminal Procedure 6(e). It contains reference numbers that likely pertain to a case or investigation in the Southern District of New York.


document_description: This document is a communication from Deutsche Bank representatives, Nay Gupta and Tazia Smith, discussing proposed ideas for professional investors. It emphasizes that the ideas are for discussion purposes only and do not create any legally binding obligations. The communication contains disclaimers about confidentiality and the nature of the information provided.

key_people:
Nay Gupta
Tazia Smith
Jeffrey Epstein

key_locations: London US


document_description: This document contains multiple confidentiality notices and disclaimers regarding the unauthorized use, disclosure, or copying of the communication. It mentions that the information may be confidential, attorney-client privileged, or constitute inside information. The communication is intended only for the addressee and is associated with Jeffrey Epstein. It also includes a disclaimer from Deutsche Bank regarding legal or tax advice.


document_description: A communication from Tazia Smith, Director at Deutsche Bank Securities Inc, containing confidential and privileged information. The communication includes disclaimers about unauthorized use and legal advice, and mentions Jeffrey Epstein as the property owner of the information.


document_description: This document contains a confidentiality notice indicating that the communication is intended for the addressee only and is the property of Jeffrey Epstein. Unauthorized use, disclosure, or copying is prohibited. It also mentions that Deutsche Bank does not provide legal or tax advice. The document includes multiple confidentiality disclaimers and reference numbers.


document_description: This document is a valuation statement from Deutsche Bank AG for Southern Financial, LLC, detailing several FX option trades with their respective trade IDs, counterparties, trade types, dates, amounts, currencies, and market-to-market values.

title: Deutsche Bank Group Valuation Statement

document_subtype: valuation statement


document_description: A communication from Tazia Smith, Director at Deutsche Bank Securities Inc, intended for professional investors. It emphasizes that the KCP London desk does not provide investment advice and that all trades on proposed ideas require internal approvals. The communication contains confidentiality notices and legal disclaimers.


document_description: This document is a confidential communication, possibly containing attorney-client privileged or inside information, intended solely for the addressee. It emphasizes the prohibition of unauthorized use, disclosure, or copying, and provides instructions for notifying the sender in case of receipt in error. It also includes disclaimers from Deutsche Bank regarding legal or tax advice.


document_description: Discussion of long expiry SY call options and their characteristics, including potential benefits and risks. Deutsche Bank FX Strategists predict USDJPY rates and analyze the Japanese Yen's weakness. The memo outlines the option's decay, knockout feature, sensitivity to SY spot moves, and cost comparison to vanilla options.

key_locations:
London, United Kingdom
New York, NY, USA