A financial derivatives transaction involving SOFL buying a $101 call and selling a 493.5 put with zero premium. The notional amount is 100,000 barrels on each leg, with both legs knocking out if CLNA fixes below $20/bbl. The initial margin is 13%.
doj/DataSet10/EFTA01453216.pdf
{"key_people":["Tazia Smith"],"document_type":"financial","document_subtype":"derivatives transaction","key_organizations":["Deutsche Bank Securities, Inc.","Deutsche Asset & Wealth Management"],"reference_numbers":["DB-SDNY-0110711","SDNY_GM_00256895","EFTA01453216"]}