Epstein Secrets

IMP! UStli - e‘ 93% — 1y:it Vol Corry 1P1H$ : 8.09t. 94'74: "--.---;•"-? • -2.5% -20% see-25 $.40•19 -Las-17 Sources: Deutsche Bonk, Bloomberg Finance L.P. Discicumer: http://giobolmorkets.db.cominew/content/3045.html Martin Zeman Director I Key Client Partners Deutsche Bank Wealth Management DB Sec

-2.5% -20% see-25 $.40•19 -Las-17 Sources: Deutsche Bonk, Bloomberg Finance L.P. Discicumer: http://giobolmorkets.db.cominew/content/3045.html Martin Zeman Director I Key Client Partners Deutsche Bank Wealth Management DB Securities Inc 345 P New York. NY. USA Tel Mob Em 0.3% -02% 0 3% -04%

of the forward <image02.0.png> ly2y Forward Volatility is at the lows and so is vol carry •image01.1.png> <image012.png> Sources; Deutsche Bank, Bloomberg Finance L.P. Disclaimer: http://olobalmorkets.dbcominew/coment/304.5.html <image001.gif> Martin Zeman Director I Key Client Partners Deutsche Bank Wealth Man

.1.png> <image012.png> Sources; Deutsche Bank, Bloomberg Finance L.P. Disclaimer: http://olobalmorkets.dbcominew/coment/304.5.html <image001.gif> Martin Zeman Director I Key Client Partners Deutsche Bank Wealth Management DB Securities Inc 154-0004 New York. NY, USA el. Mobile Email ly 2y 3y 4y

is only 5.5%. 8.00 7.00 6.00 5.473 5.00 4.00 3.00 2.00 USDCNH Realized Volatility (Daily) 1V 5.473 2015 2016 2017 2018 Copyrightt 2018 Bloomberg Finance L.P. 14-Nov-2018 11:45:36 Martin Martin Zeman Director I Key Client Partners CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0090399 CONFI

From: Sent: To: CC: Subject: Paul, Martin Zeman 11/21/2018 3:06:24 PM 'Paul Barrett Alan Brod ; Gaurang Chadha ; Stewart Oldfield Sell ly CM-I leveraged volswap at 7.7% Forgot to send you this

. --r— r EURZAR-USOZAR Gin real co-:- EURZAR-USMAR 3m real (err 2007 2001 210t6 2010 2011 2012 2013 2014 2315 2016 2017 Sources: Deutsche Bank, Bloomberg Finance L.P. Disclaimer: hap://qlobalmarkets.db.cominew/content/3045.html Martin Zeman Director I Key Client Partners Deutsche Bank Wealth Management DB Secu

010 2011 2012 2013 2014 2315 2016 2017 Sources: Deutsche Bank, Bloomberg Finance L.P. Disclaimer: hap://qlobalmarkets.db.cominew/content/3045.html Martin Zeman Director I Key Client Partners Deutsche Bank Wealth Management DB Securities Inc 345 Park Avenue. 10154-0034 New York. NY. USA 1004 - 90% Vesieh