EFTA02361695.pdf

"From: Daniel Sabba Sent: Thursday, March 19, 2015 1:33 AM To: Jeffrey E."

"From: jeffrey E. [email protected] Sent: Sunday, March 15, 2015 7:45 AM To: Daniel Sabba"

"I did a bit of thinking on this. USDBRL moved from 2.64 to 3.27... the return on annualized carry was about 2x."

"Deutsche Bank does not render legal or tax advice, and the information cont=ined in this communication should not be regarded as such."