Vahe Stepanian from Deutsche Bank informs Rich that Southern Financial did not unwind the dispersion option due to market conditions. The indicative bid is at 0.90% with significant time decay. Realized dispersion is -9.41% based on spot references for various indices.
doj/DataSet10/EFTA01384918.pdf
{"key_people":["Vahe Stepanian","Rich","Darren"],"document_type":"correspondence","document_subtype":"memo","key_organizations":["Deutsche Bank Securities Inc.","Southern Financial"],"reference_numbers":["DB-SDNY-0085511","SDNY_GM_00231695","EFTA01384918"]}