Epstein Secrets

WTI trade thank you Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York, NY 10022 to fa Begin forwarded message: From: Vahe Stepanian To: Darren Indyke >, Richard Kahn < Cc: Daniel Sabba < , Ariane Dwyer < Subject: FW: Trade Recap - 4/2/2015 - DB Commodity WTI Short Volatility

Trade recap: SOFL unwinds the REFERENCE trade noted below at the close today. Unwind Date: 2 Apr 2015 Final payment will be computed as: DB pays: Notional / Strike * Index closing level on Unwind Date — Index closing level on Last Reset Date ] * Discount Factor — Bid/Offer Cost If this number is negative, then

if ok for darren to sign and have SFL settle 152,705.94 on WTI trade thank you Richard Kahn HBRK Associates Inc. Begin forwarded message: From: Vahe Stepanian To: Darren Indyke < Richard Kahn Cc: Daniel Sabba < , Arlene Dwyer Subject: FW: Trade ecap - 2 2 5 - DB Commodity WTI hort Volatility II Index

Trade recap: SOFL unwinds the REFERENCE trade noted below at the close today. Unwind Date: 2 Apr 2015 Final payment will be computed as: DB pays: Notional / Strike * Index closing level on Unwind Date — Index closing level on Last Reset Date ] Discount Factor — Bid/Offer Cost If this number is negative, then S

rren to sign and have SFL settle 152,705.94 on WTI trade thank you Richard Kahn HBRK Associates Inc. tel fa cel Begin forwarded message: From: Vahe Stepanian < To: Darren Indyke >, Richard Kahn < Cc: Daniel Sabba < >, Ariane Dwyer Subject: FW: Trade Recap - 4/2/2015 - DB Commodity WTI Short Volatility

Trade recap: SOFL unwinds the REFERENCE trade noted below at the close today. Unwind Date: 2 Apr 2015 Final payment will be computed as: DB pays: Notional / Strike * Index closing level on Unwind Date — Index closing level on Last Reset Date ] • Discount Factor — Bid/Offer Cost If this number is negative, then

From: Vahe Stepanian To: Jeffrey Epstein <[email protected]> CC: Daniel Sabba Richard Kahn Paul Morris , Ariane Dwyer Subject: Trade Recap - 4/2/2015 - DB Com

Trade recap: SOFL unwinds the REFERENCE trade noted below at the close today. Unwind Date: 2 Apr 2015 Final payment will be computed as: DB pays: Notional / Strike * Index closing level on Unwind Date — Index closing level on Last Reset Date ] * Discount Factor — Bid/Offer Cost If this number is negative, then

From: Vahe Stepanian To: Jeffrey Epstein <[email protected]> CC: Daniel Sabba , Richard Kahn Paul Morris ,Ariane Dwyer Subject: RE: Trade Recap - 4/2/2015 - DB

Trade recap: SOFL unwinds the REFERENCE trade noted below at the close today. Unwind Date: 2 Apr 2015 Final payment will be computed as: DB pays: Notional / Strike * [ Index closing level on Unwind Date — Index closing level on Last Reset Date ] * Discount Factor — Bid/Offer Cost If this number is negative, th

On Apr 7, 2015, at 8:58 AM, Vahe Stepanian < > wrote: Classification: Confidential Good Morning Rich / Jeanne — Southern Financial needs to make a payment of USD 152,705.94 to DB today to s

Trade recap: SOFL unwinds the REFERENCE trade noted below at the close today. Unwind Date: 2 Apr 2015 Final payment will be computed as: DB pays: Notional / Strike * Index closing level on Unwind Date — Index closing level on Last Reset Date ] Discount Factor — Bid/Offer Cost If this number is negative, then S

irm for your reference. Thank you, Vahe From: Daniel Sabba Sent: Tuesday, January 13, 2015 3:13 PM To: eevacationOurnail.com Cc: Paul Morris; Vahe Stepanian Subject: Trade Recap - 01/13/2015 - DB Commodity WTI Short Volatility II Index [C] Classification: Confidential Jeffrey, per our phone conversatio

exit is on scheduled Expiry Date or earlier Strike: Underlying closing level on Effective Date Cash flows: On each reset date: Buyer receives: Notional / Strike * (Index closing level on reset date - Index closing level on previous reset date) For the first reset date, Index closing level on previous reset