EFTA01453212

From: Vinit Sahni Sent: 3/13/2014 9:33:42 PM To: Paul Morris ; Nay Gupta j; Tazia Smith -I Subject: Re: Trade Report 3/13/14 - WTI Zero Cost Risk Reversal IC) classification: confidential Nam actually came back to him very quickly we should point out. we just dont have the market making capabilities in options and therefore gave him an option straight away. original Message From: Paul Morris Sent: 03/13/2014 06:53 PM EDT To: Vinit Sahni; Nav Gupta; Tazia Smith Subject: Fw: Trade Report 3/13/14 - WTI Zero Cost Risk Reversal [C] Classification: confidential He mentioned this trade in our mtg yesterday, next time we need to show him the trades faster, if any uncertainty just call him, he's not happy Original Message From: Tazia Smith Sent: 03/13/2014 06:01 PM EDT To: "jeffrey epstein" <[email protected]> Cc: Paul Morris; Vinit Sahni• Nav Gupta; Vahe Stepanian; "Jean Anne nlebracht (Jeanie)" ; "Rich Kahn" Subject: Trade Report 3/13/14 - WTI Zero Cost Risk Reversal [C] Classification: Confidential Jeffrey - As discussed, today you executed the following: underlying: Jun14 wit Bloomberg code: CLM4 <comdty> Rms counterparty code: SOFL SOFL buys $101 call SOFL sells $93.5 put Premium: zero Notional: 100,000 bbls on each leg Both legs knock out if on any day CLM4 fixes below $20/bbl. Initial Margin = 13% Tazia Smith Director Key Client Partners - US Deutsche Bank Securities, Inc. Deutsche Asset & wealth Management 34S Park Avenue - 26th Floor New Y Tel: Mobil Fax: CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 110706 CONFIDENTIAL SDNY_GM_00256890 EFTA01453212