The document outlines a trade idea involving selling 6-month and 1-year EURZAR-USDZAR correlation swaps at specified percentages for USD payout. The rationale is based on high implied correlations driven by ZAR volatilities and the potential for EURUSD volatility to perform amid Eurozone concerns.
doj/DataSet10/EFTA01435956.pdf
{"title":"EURZAR-USDZAR Correlation Swap","document_type":"financial","document_subtype":"trade idea","key_organizations":["Deutsche Bank","Bloomberg Finance L.P."],"reference_numbers":["EFTA01435956","EFTA01435957"]}