From: "Jeffrey E." <jeevacation®gmail.com> To: Tazia Smith < >, Paul Morris Subject: Re: Fw: Consider: $10-15mm Total Return Swap on Cash Return On Capital Invested (CROCI), 3mL+85bps or relative value TRS vs S&P.... [C] Date: Fri, 16 May 2014 13:19:32 +0000 Inline-Images: unnamed; unnamed(1); unnamed(2); unnamed(3); unnamed(4); unnamed(5); unnamed(6) I dont want to buy product from your desk again, . I have other brokers that deal with me straight up. we can buy traded postions only, the quotes bids offers have been ridiculous. sorry, On Thu, May 15, 2014 at 3:51 PM, Tazia Smith < > wrote: Classification: Confidential Jeffrey - Our global colleagues are re-highlighting the CROCI solution at current levels and/or for outperformance in this rotational environment. sending their commentary and resending implementation solutions here (full detail if you scroll down): Long only - TRS on CROCI US Dividends (DBUSSDUT): Underlying: CROCI Div (DBUSSDUT) Client Pays: 3mLibor + 0.85% IM.,x Notional compounded quarterly Client Rcvs: Notional x [Final/Initial - 1] Initial Margin: 20% Long/short US Only - Long CROCI US Dividends vs. Short S&P 500 (two swaps): Underlying: CROCI Div (DBUSSDUT) and S&P 500 (SPTR) Client Pays: [SPTR Perf - (3mLibor + 0.20% IMI)] x Notional Client Rcvs: [DBUSSDUT Perf - (3mLibor + 0.80% M.)] x Notional Initial Margin: 20% Index Perf = [(Final/Initial - 1)] Indicative levels. Source: DB GM Equity Derivatives. * (Enterprise Value/Net Capital Invested)/(Cash Return on Capital Invested) — Forwarded by Tazia Smith/db/dbcom on 05/S12014 03:28 PM — From: Pierluigi Amicarellakibtswissfdbcom@dbcom To: Date: 05115/2014 06:24 AM Subject: Bond Yields and DB Dividend Strategies [I] Classification: For internal use only Ciao EFTA01202462