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Inc. Deutsche Asset & Wealth Management 345 Park Avenue - 26th Floor New York NY 10154 Tel: Mobile: Fax: E-mail: Original Message From: Paul Morris Sent: 03/13/2014 06:53 PM EDT To: Vinit Sahni; Nam Gupta; Tazia Smith Subject: Fw: Trade Report 3/13/14 - WTI Zero Cost Risk Reversal [C] Classif
call him, he's not happy Original Message From: Tazia Smith Sent: 03/13/2014 06:01 PM EDT To: "Jeffrey epstein" <[email protected]> Cc: Paul Morris; Vinit Sahni; Nav Gupta; Vahe Stepanian; "Jean Anne Wiebracht (jeanie)" "Rich Kahn" Subject: Trade Report 3/13/14 - WTI Zero Cost Risk Reversal [C
SOFL sells $93.5 put EFTA01467852 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. Deutsche Asset & Wealth Management 345 Park Avenue - 26th Fl
Subject: Fw: Trade Report 3/13/14 - WTI Zero Cost Risk Reversal [C] From: Paul Morris < Date: Thu, 13 Mar 2014 20:35:38 -0400 To: Chip Packard Classification: Confidential Chip, need to talk tomorrow about how we are covering client
Inc. Deutsche Asset & Wealth Management 345 Park Avenue - 26th Floor New York, NY 10154 Tel: Mobile: Fax: E-mail: Original Message From: Paul Morris Sent: 03/13/2014 06:53 PM EDT To: Vinit Sahni; Nam Gupta; Tazia Smith Subject: Fw: Trade Report 3/13/14 - WTI Zero Cost Risk Reversal [C] Classif
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. Deutsche Asset & Wealth Management 345 Park Avenue - 26th Fl
Subject: Re: Trade Report 3/13/14 - WTI Zero Cost Risk Reversal [C] From: Vinit Sahni < Date: Thu, 13 Mar 2014 21:33:42 -0400 To: Paul Morris >, Nav Gupta < >, Tazia Smith Classification: Confidential Nav actually came back to him very quickly we should point out. we just dont have t
call him, he's not happy Original Message From: Tazia Smith Sent: 03/13/2014 06:01 PM EDT To: "Jeffrey epstein" <[email protected]> Cc: Paul Morris; Vinit Sahni; Nam Gupta; Vahe Stepanian; "Jean Anne Wiebracht (jeanie)" 1IIIIIIIIIIIIIIIIII>; "Rich Kahn" Subject: Trade Report 3/13/14 - WTI Zero
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 EFTA01467857 Director Key Client Partners - US Deutsche Bank Securities, Inc. Deutsche Asset & Wealth Mana•ement EFTA014678
Subject: Re: Trade Report 3/13/14 - WTI Zero Cost Risk Reversal [C] From: Vinit Sahni < Date: Thu, 13 Mar 2014 21:56:38 -0400 To: Paul Morris >, Nav Gupta < >, Tazia Smith Classification: Confidential Hi tazia - nav and i are out next 2-3 days lets stay on top of him, on bbva lets wa
call him, he's not happy Original Message From: Tazia Smith Sent: 03/13/2014 06:01 PM EDT To: "Jeffrey epstein" <[email protected]> Cc: Paul Morris; Vinit Sahni; Nav Gupta; Vahe Stepanian; "Jean Anne Wiebracht (jeanie)" 1IIIIIIIIIIIIIIIMfr; "Rich Kahn" Subject: Trade Report 3/13/14 - WTI Zero C
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% EFTA01467859 Tazia Smith Director Key Client Partners - US Deutsche Bank Securities, Inc. Deutsche Asset & Wealth Management 345 Park A
From: Vinit Sahn Sent: 3/14/2014 3:40:22 PM To: Paul Morris Subject: Re: 110/86, 105/90.25 IC] Classification: Confidential Watching to see how this develops i would think. From: Paul Morris Sent: 03/14/
0:22 PM To: Paul Morris Subject: Re: 110/86, 105/90.25 IC] Classification: Confidential Watching to see how this develops i would think. From: Paul Morris Sent: 03/14/2014 03:38 PM EDT To: Vinit Sahni Subject: Fw: 110/86. 105/90.25 ICI Classification: Confidential he decided not to trade today Pau
re Cc: Paul Morrie Veld Satin'Nav Gupta/ribi Date: 03/142014 01:28 PM Subject: Re: 110/88, 1059025 (c) Classification: Confidential Jeffrey - Initial Margin is 13%. 13% = $1,118,000 for 100k bbls 110/86 13% = $1,173,000 for 100k bbls 105/90.25 put the $20/bbl KO not given weight in Credit Risk Manageme
otional (or —$349,669) Thank you, Vahe From: Vahe Stepanlan Sent: Friday, October 30, 2015 2:09 PM To: Jeffrey E. Cc: Daniel Sabba; Mane Dwyer; Paul Morris; Stewart Oldfield; 'Richard Kahn' Subject: JPY/KRO Call Spreads [C] Classification: Confidential Jeffrey — we spoke to trading, and given where sk
Jeffrey — please find live offers to buy the JPY/KRO forwards: 6m Offer = 9.5860 9m Offer = 9.6160 12m Offer = 9.6660 wrote: EFTA00666235 Initial Margin = 15% Please let us know what size you wish to execute. Thank you, Vahe From: Jeffrey E. [mailto:jeevacSgmail com Sent: Friday, October 30, 2015
otional (or —$349,669) Thank you, Vahe From: Vahe Stepanian Sent: Friday, October 30, 2015 2:09 PM To: jeffrey E. Cc: Daniel Sabba; Mane Dwyer; Paul Morris; Stewart Oldfield; 'Richard Kahn' Subject: PY/KRO Call Spreads [C] EFTA00631069 Classification: Confidential Jeffrey — we spoke to trading, and
ification: Confidential Jeffrey — please find live offers to buy the JPY/KRO forwards: 6m Offer = 9.5860 9m Offer = 9.6160 12m Offer = 9.6660 Initial Margin =15% Please let us know what size you wish to execute. Thank you, Vahe From: Jeffrey E. ([email protected]] Sent: Friday, October 30,
Subject: Fw: Trade Report 3/13/14 - WTI Zero Cost Risk Reversal [C] From: Paul Morris < Date: Thu, 13 Mar 2014 21:03:26 -0400 To: Jeffrey Epstein <[email protected]> Classification: Confidential There is nothing more important
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. Deutsche Asset & Wealth Management 345 Park Avenue - 26th Fl
Subject: Fw: Trade Report 3/13/14 - WTI Zero Cost Risk Reversal [C] From: Paul Morris < Date: Thu, 13 Mar 2014 18:53:32 -0400 To: Vinit Sahni >, Nav Gupta < >, Tazia Smith Classification: Confidential He mentioned this trade in
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. Deutsche Asset & Wealth Management loor E-mail: EFTA014678
From: Paul Morris Sent: 3 14 2014 3:38:27 PM To: Subject: Fw: 110/86, 105/90.25 IC] Classification: Confidential he decided not to trade today Paul Morris Man
Morris, Vinit Satin!, Date. 03/14/2014 01:28 PM Subject Re: 110,86. 1099025 (c) Nay Gila Vahe Stepania Classification: Confidential Jeffrey - Initial Margin is 13%. 13% = $1,118,000 for 100k bbls 110/86 13% = $1,173,000 for 100k bbls 105/90.25 put the $20/bbl KO not given weight in Credit Risk Manageme
Entities connected to both Paul Morris and Initial Margin

Jeffrey Epstein
PERSONVahe Stepanian
PERSON
Richard Kahn
PERSON
Tazia Smith
PERSON
Martha Stewart
PERSON
Daniel Sabba
PERSONDeutsche Bank Private Bank
ORGANIZATION
Marc Rich
PERSON
Ariane de Rothschild
PERSON
Stewart Oldfield
PERSON
JPMorgan Chase
ORGANIZATIONDeutsche Asset & Wealth Management
ORGANIZATION
Bloomberg L.P.
ORGANIZATIONDeutsche Bank Securities, Inc.
ORGANIZATION
Vinit Sahni
PERSON
Nav Gupta
PERSONHBRK Associates
ORGANIZATIONNotional
ORGANIZATIONNet Premium
ORGANIZATIONJPY/KRO Forward Ref
ORGANIZATION