Epstein Secrets

Subject: Re: Trade Report 3/13/14 - WTI Zero Cost Risk Reversal [C] From: Tazia Smith < Date: Thu, 13 Mar 2014 19:34:41 -0400 To: Paul Morris Classification: Confidential Just off from call with Caroline. Changes in desk structure

aul Morris Classification: Confidential Just off from call with Caroline. Changes in desk structure escalated and I'm getting on a train tonight. Tazia Smith Director Key Client Partners - US Deutsche Bank Securities, Inc. Deutsche Asset & Wealth Management 345 Park Avenue - 26th Floor New York NY 10

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

clients from capital markets, likely big negative impact on leon black that we were expecting to close next few days. Original Message From: Tazia Smith Sent: 03/13/2014 07:34 PM EDT To: Paul Morri Subject: Re: Trade Report 3/13/14 - WTI Zero Cost Risk Reversal [C] Classification: Confidential Ju

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] Classification: Confidential He mentioned this trade in our mtg yesterday, nex

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

and therefore gave him an option straight away. 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] Classification: Confidential He mentioned this trade in our mtg yesterday, nex

in our mtg yesterday, next time we need to show him the trades faster, if any uncertainty just 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 W

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

ther way and push the execution quicker. Thanks 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] Classification: Confidential He mentioned this trade in our mtg yesterday, nex

in our mtg yesterday, next time we need to show him the trades faster, if any uncertainty just 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 W

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

: Confidential There is nothing more important to me than you and leon we have to get this right, we can talk tomorrow 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 W

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

in our mtg yesterday, next time we need to show him the trades faster, if any uncertainty just 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 W

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

aging Director Deutsche Bank Private Bank 345 Park Avenue, 27th Floor Sw ew York NY 10154 Forwarded by Paul Moms. on 03/14201403:38 PM -- From. Tazia Smith To. [email protected]. Cc: Paul Morris, Vinit Satin!, Date. 03/14/2014 01:28 PM Subject Re: 110,86. 1099025 (c) Nay Gila Vahe Stepania

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