Illegal Activity
none
Blackmail
none
Date
2015-07-31
Document Type
email
Model
gemini-2.0-flash-001
Processed
2026-02-07T18:41
Summary
This email chain discusses a TWTR trade executed between Southern Financial LLC and Deutsche Bank, involving a Total Return Swap and European Call options. The emails provide details on the trade's terms, including the initial strike, expiry, spread, and commissions, and also discuss the potential unwinding of the short call position.
Metadata
- Subject
- RE: Trade Recap - 01/27/2015 - Long TWTR on ly TRS, Short TWTR ly calls [C] [I]
- Sender
- Vahe Stepanian
- Recipients
- Paul Morris, Daniel Sabba
- Document ID
- —
- Date
- 2015-07-31
Relationships 3
| Entity 1 | Relationship | Entity 2 | Description |
|---|---|---|---|
| Southern Financial LLC | Swap Buyer/Seller | DB | Southern Financial LLC is the swap buyer and DB is the swap seller in a Total Return Swap (TRS) for TWTR. |
| Southern Financial LLC | Option Seller/Buyer | DB | Southern Financial LLC is the option seller and DB is the option buyer for European Call options on TWTR. |
| Daniel Sabba | Employment | Deutsche Bank Securities Inc. | Daniel Sabba is employed by Deutsche Bank Securities Inc. |
Notable Quotes 2
Jeffrey, please see below offers to unwind the short call position only: For TWTR reference of $31.60 the cost to unwind is $1.89/share with a delta of 32%.
Southern Financial LLC entered into the following transactions with Deutsche Bank AG, acting through its London branch. Southern Financial went long TWTR US through ly TRS. Southern Financial went short TWTR US ly European Calls struck at 100%. Initial strike on both transactions to be commercially reasonable VWAP until today's close. The Initial Margin on these transactions is 30% of Notional.
Financial Information
Amounts:31.601.8938.966238.9962728,278.283,896,620.00
Assets:
- TWTR shares
- European Call options on TWTR
Transactions:
- Long TWTR on ly TRS
- Short TWTR ly calls
- Unwind short call position
- Total Return Swap
- European Call options on TWTR
Raw Analysis JSON
click to expand
Themes
Financial transactions/money flowBusiness dealings
Organizations 5
TWTRSouthern Financial LLCDBDeutsche Bank AGDeutsche Bank Securities Inc.
Locations 1
London
Financial Entities 3
Deutsche Bank AGDeutsche Bank Securities Inc.Southern Financial LLC
Text Analysis
- Tone
- Professional
- Purpose
- To provide updates and details regarding a TWTR trade involving a Total Return Swap and European Call options.
- Significance
- The document details the financial transactions between Southern Financial LLC and Deutsche Bank involving TWTR, including the terms of the swap and options.
File Info
- File Name
- EFTA01427014.txt
- Dataset
- dataset_10
- Type
- Text
- Model
- gemini-2.0-flash-001
- Processed
- 2026-02-07T18:41:36.504490
- DOJ Source
- View on DOJ