EFTA Document EFTA01467962

Subject: Fw: WTI 101/93.50 zero cost collar [C] From: Tazia Smith < Date: Tue, 18 Mar 2014 09:59:05 -0400 To: Paul Morris Classification: Confidential I am framing this. Forwarded by Tazia Smith/db/dbcom on 03/18/2014 09:58 AM From: Jeffrey Epstein <[email protected]> To: Tazia Smith/db/dbcom@DBAMERICAS, Date: 03/18/2014 09:55 AM Subject: Re: WTI 101/93.50 zero cost collar [C] thanks On Tue, Mar 18, 2014 at 6:50 AM, Tazia Smith > wrote: Classification: Confidential Jeffrey - Your Jun14 WTI 101/93.50 risk reversal currently marking ($0.32)/bbl, down $32,000 on your position. 1-Month Price History Jun14 WTI (CLM4) (Embedded image moved to file: pic11578.gif) Used with permission of Bloomberg Finance LP Fr Tazia Smith/db/dbcom om EFTA01467962 To "jeffrey epstein" <[email protected]>, Cc "Paul Morris" < , "Vinit Sahni" < • "Nav Gupta" < >, "Vahe Stepanian" < "Jean Anne Wiebracht (jeanie)" < >, "Rich Kahn" < Da 03/13/2014 06:01 PM to Su Trade Report 3/13/14 - WTI Zero Cost Risk Reversal [C] bj ec t: 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. EFTA01467963 Fax: E-mail: 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. *********************************************************** 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 Jeffrey Epstein 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 EFTA01467964