Epstein Secrets

Subject: Fw: MXN Spot Rate on the January Monthly Statement (I] From: Tazia Smith .c > Date: Tue, 25 Feb 2014 13:12:15 -0500 To: Paul Morris < > Classification: For internal use only FYI Forwarded by Tazia Smith/db/ on 02/25

nt (I] From: Tazia Smith .c > Date: Tue, 25 Feb 2014 13:12:15 -0500 To: Paul Morris < > Classification: For internal use only FYI Forwarded by Tazia Smith/db/ on 02/25/2014 01:12 PM From: Howard S Allen/db/ To: Tazia Smith/db/ . Cc: Josie Hall/db/ , Vahe Stepanian/db/ Zbynek Kozelsky/db/ Dat

ctual economic realized price. But I agree with the client that the reporting is very misleading. I need to confirm my interpretation. With whom at Pershing (Baltimore?) should I discuss? Thank You, Tazia (attachment "SOFL Jan14 Statement.pdf" deleted by Tazia Smith/db/ (Embedded image moved to file:

ighlighted lines are the non-dollar bonds executed by DB. The orange highlighted lines are the exchange rate provided by Pershing. Need to know how Pershing arrives at the exchange rate. I also attached an email from one of our SA showing Bloomberg screens for both trade dates. (Embedded image moved to

internal use only Ziggy and Tazia, I heard back from Roy Kelly at Pershing concerning our questions on your customer's January Monthly Statement. Pershing uses the "end of day" price from the day before settlement date. For the buy trade they used EOD 1/15 and the sell trade they used EOD 1/28. Both o

Account Review Period ending June 17, 2014 SOUTHERN FINANCIAL LLC Tazia Smith Client Advisor New York, NY 10154 Telephone EFTA01469106 Monthly Portfolio Overview as of 5/31/2014 Change in Financial Position Flow Type

er from the cost basis displayed on your monthly statement due to differences in portfolio accounting methodologies. Where differences exist, your Pershing account statement (or other custodian statement for securities not held at Pershing) shall govern. The data reflected on this report should not be

EFTA01469125 Important Information DBSI client assets are held by, and transactions are cleared through, a third party provider, Pershing LLC ("Pershing"), which also acts as a qualified custodian for DBSI. DBSI has entered into a correspondent agreement with Pershing, which is an unaffiliated clea

From: Paul Morris Sent: 9/10/2013 5:40:48 AM To: Tazia Smith Subject: Re: ACATS for Southern Financial/Trust II) Attachments: pic28223.gif; pic02615.gif; pic23460.gif; pic30992.gif; pic09892.gif; pic07050.gi

mbedded image moved to file: pic02615.gif) From: Paul Morris/db/dbcom To: Amanda Kirby/db/dbcom@DBAMERICAS, Jay Lipman/db/dbcom@DBAMERICAS, Cc: Tazia Smith/db/dbcom@DBAMERICAs, vahe Stepanian/db/dbcom@DBAmericas Date: 09/09/2013 05:09 PM subject: Re: ACATS for southern Financial/Trust [I] CONFIDENTI

ed). We just want to be sure that list of positions that cannot move, is accurate. Jay should have that for is in the morning (he has to check with Pershing, ACAT, etc...various groups); some positions will be a discussion for you, Caroline and I (eg. we agreed novating the FX options wasn't realistic).

From: Tazia Smith Sent: 9/9/2013 5:49:17 PM To: Paul Morris Subject: Re: ACATS for Southern Financial/Trust [I) Attachments: pic16363.gif; pic30606.gif; pic1897

mbedded image moved to file: pic30606.gif) From: Paul Morris/db/dbcom To: Amanda Kirby/db/dbcom@DBAMERICAS, Jay Lipman/db/dbcom@DBAMERICAS, Cc: Tazia Smith/db/dbcom@DBAMERICAS, Vahe Stepanian/db/dbcom@DBAmericas Date: 09/09/2013 05:09 PM Subject: Re: ACATS for Southern Financial/Trust [I] Classifica

d). We just want to be sure that list of positions that cannot move, is accurate. Jay should have that for is in the morning (he has to check with Pershing, ACAT, etc. . .various groups); some positions will be a discussion for you, Caroline and I (eg. we agreed novating the FX options wasn't realistic

ds, Tazia (Embedded image moved to file: pic05814.gif) used with permission of Bloomberg Finance LP (Embedded image moved to file: pic13921.gif) Tazia Smith Director I Key client Partners - us Deutsche Bank Securities Inc CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL DB-SDNY-0 123385

: confidential Harry - As discussed, I am following up to identify where those "Exchange Rates" denoted with the bond purchase/sale on the monthly Pershing statements are coming from. The below is just an illustration of the currency's volatility over the relevant time period. I will be back with the e

01/10/14 12.9676 Jan/ Jan 15 Jan 22 Jan 31 2014 13.4000 0-13.3000 0-13.2000 13.1000 •13.0000 Used with permission of Bloomberg Finance LP Tazia Smith Director I Key Client Partners - US Deutsche Bank Securities Inc Deutsche Asset & Wealth Management 345 Park Avenue. 26th Floor Pusio1,40-Peepoo

Monthly Pershing statements are coming from. The below is just an illustration of the currency's volatility over the relevant time period. I will be back with the ex

Mann Director, KCP U.S. Sales New York, North East, South East Thomas O'Rorke Director, KCP U.S. Sales New York, Mid Atlantic, Mid & South West Tazia Smith Director, KCP U.S. Sales New York, West Coast Matt Glassman P U.S. Sales even Quinn Associate, KCP U.S. ay ipman Analyst, KCP U.S. Ariane Dw

saction revenues will be shared 50/50 between AWM and CB&S and reviewed on a monthly basis — In general, KCP clients will be on-boarded to the AWM (Pershing) platform for execution where possible (100% revenues for AWM, visible in GMIS) What is the added value of KCP to the client? — Unique investment

at all? why can't they make their totals in various currencies (ie USD and MXN in this case)? Tazia (Embedded image moved to file: pic22930.gif) Tazia Smith Director I Key Client Partners - us Deutsche Bank Securities Inc Deutsche Asset & Wealth Management 345 Park Avenue, 26th Floor New York, NY 101

internal use only Ziggy and Tazia, J heard back from Roy Kelly at Pershing concerning our questions on your customer's January Monthly Statement. Pershing uses the "end of day" price from the day before settlement date. For the buy trade they used EOD 1/15 and the sell trade they used EOD 1/28. Both o

(Embedded image moved to file: pic06981.gif) (Embedded image moved to file: pic21786.gif) (Embedded image moved to file: pic12417.gif) Tazia Smith Director I Key Client Partners - us Deutsche Bank Securities Inc Deutsche Asset & wealth Management 345 Park Avenue, 26th Floor New York. NY 101

e see transaction summary on page 17 of the attached. Client says it looks as though the DB owes the client 444k. I believe the explanation is that Pershing is noting an MXN spot that is not accurate to precise time of trade, a spot price that is only there for USD summary purposes, and not CONFIDENTIAL

From: Tazia Smith Sent: 4/23/2014 11:54:04 AM To: [email protected] CC: • Paul Morris I; Nav Gupta ; Vinit Sahni J; Vah Stepanian I Subject: WY and Biot

sees one. As you know, you've got your zero-cost option on for some exposure to yen weakness. (Embedded image moved to file: pic24428.gif)source: Pershing, LLC and Bloomberg (Embedded image moved to file: pic23103.gif) Biogen - 3-day inter-day chart (Embedded image moved to file: pic27254.gif) (Emb