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sd-10-EFTA01390676Dept. of Justice

EFTA Document EFTA01390676

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On May 31, 2016, at 11:01 AM, Vahe Stepanian Classification: Confidential Rich, rote: Please see below refreshed indications - these levels are not tradable. We did not refresh the $50 strikes as they are well in the money now. Further, we heard back from our Credit Risk Management team and they would require40% IA for the below transactions in cash or treasures (i.e. approx. $20mm on 1mm barrels of WTI). Notional: 1mm barrels of WTI WTI futures references: CLUE ref 50.75, option exp 1

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Dept. of Justice
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sd-10-EFTA01390676
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