EFTA01453214

From: VinitSahni Sent: 3/13/2014 9:56:38 PM To: Paul Morris Nay Gupt. ; Tazia Smith Subject: Re: Trade Report 3/13/14 - WTI Zero Cost Risk Reversal ICI classification: confidential Hi tazia - nav and i are out next 2-3 days lets stay on top of him, on bbva lets watch as we want to see how things trade could get very tricky. i will be on a plane to tokyo and nav on MTA. sent jeffrey a note that next time we will quicker either way and push the execution quicker. Thanks 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 ; "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 WTI 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 & wealthMana•ement CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 110708 CONFIDENTIAL SDNY_GM_00256892 EFTA01453214