Epstein Secrets

To: 'Paul Barrett Cc: Stewart Oldfield Joshua Shoshan Martin Zeman Subject:

ted loss way of fading elevated MXN volatilities and buying cheap EURUSD volatility, which could perform in the event of rising Italian election and Catalonia independence concerns Graphs Graph 1: KIRMXN-USDMXN implied correlation at highs IDON 90% toe -at 7056 r EON SON a 3016 2096 EURMXN.USOMX

To: 'Paul Barrett Cc: Stewart Oldfield Joshua Shoshan Martin Zeman Subject:

ted loss way of fading elevated MXN volatilities and buying cheap EURUSD volatility, which could perform in the event of rising Italian election and Catalonia independence concerns Graphs Graph 1: EI,IRMXN-USDNIXN implied correlation at highs /OM 9034 toe -at 7056 r 1034 5036 401 3016 2096 1 EuR1

November 28, 2017 12:42 PM To: Paul Barrett Cc: Stewart Oldfield < ; ham Osullivan < Graph 2: MXN vols

ted loss way of fading elevated MXN volatilities and buying cheap EURUSD volatility, which could perform in the event of rising Italian election and Catalonia independence concerns Graphs Graph 1: EURMXN-USDMXN implied correlation at highs 100% 803£ A -Axe 1- 60% 50% 43% 30% Xs% 2207 2336 2009 —