EFTA01453217

From: Paul Morris Sent: 3/13/2014 10:56:01 PM To: Vinit Sahni Subject: Re: Trade Report 3/13/14 - WTI Zero Cost Risk Reversal IC) classification: confidential Feel free to call him original message From: vinit Sahni Sent: 03/13/2014 09:33 PM EDT To: Paul ; Nam Gupta; Tazia smith Subject: Re: Trade Report 3/13/14 - WTI Zero Cost Risk Reversal [C] Classification: Confidential Nav 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; Nay 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 Jeanie)" 1.com>; "Rich Kahn" 1.com,> su ject: 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 493.5 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% CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0110712 CONFIDENTIAL SDNY_GM_00256896 EFTA01453217