From: "Jeffrey E." <[email protected]>

From: "Jeffrey E." <[email protected]> To: Paul Morris Subject: Re: Cnh trade [C] Date: Tue, 11 Aug 2015 18:31:53 +0000 Inline-Images: image00 1 jpg give me a number to call On Tue, Aug 11, 2015 at 12:12 PM, Paul Morris < > wrote: Let's get on the phone Original Message From: Jeffrey E. [jeevacation®gmail.com] Sent: Tuesday, August 11, 2015 10:43 AM Eastern Standard Time To: Paul Moths; Richard Kahn Subject: Re: Cnh trade [C] imagine we havet alked about yuan weakness over and over and only last week did you guys suggest another put on china. was that with your understanding that the yuan would appreicate999991! On Tue, Aug 11, 2015 at 8:19 AM, Paul Morris < Classification: Confidential I understand that's what I mean I'll check From: Jeffrey E. [mailto:[email protected]] Sent: Tuesday, August 11, 2015 10:15 AM To: Paul Morris; Richard Kahn Subject: Re: Cnh trade [C] > wrote: 1 bought puts with the view that the yuan would collapse. not surethat if the put is struck at spot 61 and after collapse now selling for 635, how does it not have value. On The, Aug 11, 2015 at 8:10 AM, Paul Morris < Classification: Confidential ?? I'll check wrote: EFTA01207567 Paul Morris Managing Director Deutsche Bank Private Bank From: Jeffrey E. [mallto:[email protected]] Sent: Tuesday, August 11, 2015 9:47 AM To: Paul Morris Subject: Fwd: Cnh trade [C] Forwarded message From: Richard Kahn Date: Tue, Aug 11, 2015 at 7:03 AM Subject: Fwd: Cnh trade [C] To: Jeffrey Epstein <jeevacation®gmail.com> Sent from my iPhone Begin forwarded message: From: Vahe Stepanian Date: August 11, 2015 at 8:58:36 AM EDT To: Richard Kahn < >, Daniel Sabba Subject: RE: Cnh trade [C] Classification: Confidential Rich - we confirmed with our traders that the option currently does not have any value. Recall the trade details are as follows: TradeType EUR BuySell Client Buys Currencyl USD CP Put Notionall 75,000,000 Currency2 CNH Notional2 -462,000,000 Strike 6.1600 ZoneCut TIC: 15:00 hours (Local time in Tokyo) ExpiryDate Wed 12 August 2015 EFTA01207568 SettlementDate Fri 14 August 2015 FixingReference SPOT Premium 273,000 PremiumTerms USD PremiumDate Thu 14 August 2014 Thank you, Vahe CNH 6.3813 At 8:55 Op 6.2147 CNH BGN Curnc 08/11/2014 10 30 1M Gil VIII lY SY Max Daily • I N test Price 6.33O I Nigh cx, 08/11/15 6.3au Mvp 6.1%.$ 1 tat on 10/73/14 6.1143 08/11/2015 BGN 6.3807/6.3819 BGN Hi 6.4002 Lo 6.2136 Close 6.2147 Val 08/13/15 99 Save As... 99 Actions - 98-1 TWae r!BGN Ertl 1. (on). mei z Secur y/St tx1y Last Price TuKt ' Newm. Lower Chad tine chart Pa Event 0 .6.4000 *Used with the permission of Bloomberg LP ---Original Message From: Richard Kahn [mailto: Sent: Tuesday, August 11, 2015 5:51 AM To: Daniel Sabba; Vahe Stepanian Subject: Cnh trade I know we have 2 days left. Please advise on pricing and market value on option based on current news. Thank you. EFTA01207569 Richard Kahn HBRK Associates Inc. 575 Lexington Avenue, 4th Floor New York, NY 10022 This communication may contain confidential and/or privileged information. If you are not the intended recipient (or have received this communication in error) please notify the sender immediately and destroy this communication. Any unauthorized copying, disclosure or distribution of the material in this communication is strictly forbidden. Deutsche Bank does not render legal or tax advice, and the information contained in this communication should not be regarded as such. please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to,[email protected] and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved This communication may contain confidential and/or privileged information. If you are not the intended recipient (or have received this communication in error) please notify the sender immediately and destroy this communication. Any unauthorized copying, disclosure or distribution of the material in this communication is strictly forbidden. Deutsche Bank does not render legal or tax advice, and the information contained in this communication should not be regarded as such. EFTA01207570 please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved This communication may contain confidential and/or privileged information. If you are not the intended recipient (or have received this communication in error) please notify the sender immediately and destroy this communication. Any unauthorized copying, disclosure or distribution of the material in this communication is strictly forbidden. Deutsche Bank does not render legal or tax advice, and the information contained in this communication should not be regarded as such. please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation®gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved This communication may contain confidential and/or privileged information. If you are not the intended recipient (or have received this communication in error) please notify the sender immediately and destroy this communication. Any unauthorized copying, disclosure or distribution of the material in this communication is strictly forbidden. EFTA01207571 Deutsche Bank does not render legal or tax advice, and the information contained in this communication should not be regarded as such. please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA01207572