EFTA01467863

Subject: Re: Trade Report 3/13/14 - WTI Zero Cost Risk Reversal [C] From: Paul Morris < Date: Thu, 13 Mar 2014 22:56:01 -0400 To: Vinit Sahni Classification: Confidential Feel free to call him Original Message From: Vinit Sahni Sent: 03/13/2014 09:33 PM EDT To: Paul Morris/ ; 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; Nam 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 Wiebracht (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 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 EFTA01467863 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 345 Park Avenue - 26th Floor New York, NY 10154 Tel: Mobile: Fax: E-mail: EFTA01467864