Subject: Re: Trade Re ort 3/13/14 - WTI Zero Cost Risk Reversal [C] From: Chip Packard > Date: . Thu, 13 Mar 2 • • - . To: Paul Morris Classification: Confidential In Peru, if this is real-time and I can influence the outcome, please call my cell tomorrow. If not, let's speak Monday. Either way, would like to know what is going on. Chip Packard Managing Director Co-Head, Wealth Management Americas Deutsche Asset and Wealth Management Securities offered through Deutsche Bank Securities Inc. Original Message From: Paul Morris Sent: 03/13/2014 08:35 PM EDT To: Chip Packard Subject: Fw: Trade Report 3/13/14 - WTI Zero Cost Risk Reversal [C] Classification: Confidential Chip, need to talk tomorrow about how we are covering clients from capital markets, likely big negative impact on leon black that we were expecting to close next few days. Original Message From: Tazia Smith Sent: 03/13/2014 07:34 PM EDT To: Paul Morris/db/dbcom@DBAMERICAS@DBAMERICAS@DBCOEX Subject: Re: Trade Report 3/13/14 - WTI Zero Cost Risk Reversal [C] Classification: Confidential Just off from call with Caroline. Changes in desk structure escalated and I'm getting on a train tonight. Tazia Smith Director Key Client Partners - US Deutsche Bank Securities, Inc. Deutsche Asset & Wealth Management •or E -max : Original Message From: Paul Morris EFTA01467865