A financial transaction involving Jun14 WTI with Bloomberg code CLM4 was executed. SOFL buys a $101 call and sells a $93.5 put with zero premium and a notional of 100,000 barrels on each leg. Both legs knock out if CLM4 fixes below $20/bbl. Initial margin is 13%.
doj/DataSet10/EFTA01453346.pdf
{"key_people":["Tazia Smith"],"document_type":"correspondence","key_locations":["New York, NY"],"document_subtype":"memo","key_organizations":["Deutsche Bank Securities, Inc.","Deutsche Asset & Wealth Management"],"reference_numbers":["DB-SDNY-0110893","SDNY_GM_00257077","EFTA01453346"]}