The document discusses a trade idea involving selling EURZAR-USDZAR correlation swaps at specified percentages. The rationale is based on high implied correlations and ZAR volatilities. The document includes historical data and graphs to support the trade idea.
doj/DataSet10/EFTA01388938.pdf
{"title":"DB FX Trade Idea: EURZAR-USDZAR Correlation Swap","key_people":["Martin"],"document_type":"correspondence","document_subtype":"trade idea","key_organizations":["DB"],"reference_numbers":["DB-SDNY-0092923","SDNY_GM_00239107","EFTA01388938"]}