EFTA00686113.pdf

From: Richard Kahn To: "jeffrey E." <jeevacation@gmail.com> Subject: Fwd: DB deposits Date: Tue, 31 Jan 2017 16:13:31 +0000 Attachments: Credit_Overview_Dec.pdf Inline-Images: image001.png currently we are earning 0.20% on cash balances vs 0.65% offered by Stewart per email below cash at DB among all accounts is approximately 90mm with an additional 45 basis points in yield the following additional annual interest income earned would be as follows: 20mm 90,000 30mm 135,000 40mm 180,000 50mm 225,000 60mm 270,000 70mm 315,000 80mm 360,000 90mm 405,000 attached is PDF on DB credit please advise thank you Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York, NY 10022 tel 212-971-1306 fax 212-320-0381 celI Begin forwarded message: From: Stewart Oldfield Subject: DB deposits Date: January 31, 2017 at 10:54:09 AM EST ) To: Richard Kahn C tc > Rich, I didn't want to discuss JE/SF's cash position with Steve in the room yesterday, but we can offer materially higher deposit rates (65bps currently) if he holds his cash in OBAG's NY Branch. EFTA00686113 As we've previously discussed, DB has a strong appetite to increase deposits directly in the US (as opposed to moving funding from Germany to the US). Given the resolution of our main Dal matter at the end of last year, and new German insolvency laws that went into effect at the beginning of this year to further protect depositors, I wanted to open a dialog about linking DB AG accounts to his existing accounts to earn the higher rate. Ideally he would move even more deposits our way if he plans to maintain cash balances generally. I owe you more follow up from yesterday as well. Working on that now. Thanks again, Stew Stewart Oldfield, CFA, CAIA Director Deutsche Bank Trust Company Americas Deutsche Bank Wealth Management 345 Park Avenue. New York. NY 10154 Tel. 212 454-2881 Mobile 917 209-0686 blackberry Email Securities offered through Deutsche Bank Securities Inc. This communication may contain confidential and/or privileged information. If you are not the intended recipient (or have received this communication in error) please notify the sender immediately and destroy this communication. Any unauthorized copying, disclosure or distribution of the material in this communication is strictly forbidden. Deutsche Bank does not render legal or tax advice, and the information contained in this communication should not be regarded as such. EFTA00686114