Southern Financial LLC entered into transactions with Deutsche Bank AG involving Total Return Swaps and European Call options on TWTR shares. The transactions include a long position on TWTR through TRS and a short position on TWTR European Calls. The initial strike is based on VWAP until the close of the day, with a 30% initial margin. Termsheet and official confirmation to follow.
doj/DataSet10/EFTA01380963.pdf
{"key_people":["Jeffrey E.","Vahe Stepanian","Paul Morris","Richard Kahn","Daniel Sabba"],"document_date":"2015-01-27","document_type":"correspondence","key_locations":["London"],"document_subtype":"memo","key_organizations":["Southern Financial LLC","Deutsche Bank AG"],"reference_numbers":["DB-SDNY-0079554","SDNY_GM_00225738","EFTA01380963"]}