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EFTA Document EFTA01451254
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efta-efta01451254DOJ Data Set 10Correspondence

EFTA Document EFTA01451254

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EFTA Disclosure
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near term mark to market risk is slower pace of implementation of energy reform and a selloff in uSTs happy to discuss further if u find interesting... (Embedded image moved to file: pic04858.gif) CNYWD(N chart courtesy Nav Gupta (shows relative value in Labour cost between china and Mexico) (Embedded image moved to file: pic01598.gif) (Embedded image moved to file: pic21659.gif) vinit Sahni Managing Director I Global Head - Professional Client Group & Key Client Partners Capital Markets Group Deutsche Asset & wealth Management 105/ (Pinners Hall), EC2N lEN London. united Kingdom Tel. mobile Email (Embedded image moved to file: pic01019.gif) Any proposed ideas are being delivered to you by the DeAwm Key Client Partners ("KCP") London desk for discussion purposes only, and do not create any legally binding obligation on the part of Deutsche Bank AG and / or its affiliates ("DB"). These ideas are for the consideration of the intended recipients of this mail only. The KCP London desk does not provide investment advice. All intended recipients are Professional investors (as defined by MiFID), who understand the strategy, characteristics and risks associated with any ideas proposed herein and will be able to evaluate it independently. All trades on proposed ideas shall be subject to the relevant internal approvals prior to execution. Fro Jeffrey Epstein <[email protected]> m: To: vinit sahni/db/dbcom@DEIEmEA, cc: Tazia smith/db/dbcomamAmERIcAs, "Nav Gupta (DEUTSCHE ASSET MANAG)" < [email protected]>, Paul Morris/db/dbcom008AMERICAS, Vahe Stepanian/db/dbcomODBAmericas Dat 13/01/2014 11:50 e: sub Re: PDvsA chart + uscoPv Trade [c] jec t: thanks , lets keep CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 107626 CONFIDENTIAL SDNY_GM_00253810 EFTA01451254

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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: T

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Fax: (646 257-3131 E-mail: Nav Gupta ---- Original Message -- From: Nav Gupta Sent: 09/10/2014 08:05 AM GDT To: Paul Morris Cc: Tazia Smith; Vinit Sahni; Uzair Agee]. Subject: Re: epstein (I) Classification: For internal use only Paul - FX 1) sell 3mth 102 $Y Puts vs buy 111 $Y Calls roughly zero upfront prem (spot 106.50) 2) sell 3mth 1.5150 GBP put vs buy 1.685 Calls roughly zero upfront prem (spot 1.6150) 3) sell 6mth 1.35 eurusd calls vs buy 6mth 1.215 puts (spot 1.2950) of the

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Subject: Re: percents es et a read from your team [C) From: Nav Gupta < Date: Mon, 03 Feb 2014 16:55:51 -0500 To: Paul Morris < Cc: Tazia Smith Vinit Sahni < < >, Got it Paul. Thx On 3 Feb 2014, at 21:45, "Paul Morris" < wrote: Classification: Confidential Watford Re looks like a new hedge fund with bermuda reinsurance wrapper started by Highbridge/Arch c apital, don't know what type guess credit or long/short i have not talked with him about energy renissance but likely liquid eq

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trading strategy. All rates are indicative and subject to change. Any terms and conditions included herein are to illustrate the logistics of a swap, and any offer of a swap eventually made may contain terms which are substantially different. Any decision to enter into a swap, such as those described herein, should only be made after reviewing the final swap confirmation and conducting such investigation in order to independently determine the suitability and consequences of participating

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From: Tazia Smi Sent: 3/13/201410:31:31 PM To: Vinit Sahni ; Paul Morris Subject: Re: Trade Report 3/13/14 - WTI Zero Cost Risk Reversal IC) classification: confidential Nav Gupta Thank you vinit. Appreciate the global team coverage very much. I'm reorging my schedule and my broader client list/responsibilities (non-cap Mkts) for the immediate term, until we're built-out further in the US. Tazia Smith Director Key Client Partners - US Deutsche Bank securities, Inc. Deutsche Ass

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