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from me Thank you From: Vahe Stepanian Date: Friday, January 15, 2016 at 8:27 AM To: Jeffrey Epstein <[email protected]> Cc: Daniel Sabba , Ariane Dwyer > wrote: Paul Morris , Stewart Oldfield >, Richard Kahn Subject: RE: JPYKRW [C] Classification: Confidential Jeffrey — indicatively, current t
[C] Classification: Confidential Jeffrey — today you executed the following: BuySell Currencyl Notionall Currency2 Notional2 SettlementDate ForwardRate ExpiryDate Fixing Date Mid Initial margin = 15% Client Buys JPY 1,200,000,000 KRO -11,540,400,000 Thu 04 August 2016 9.617 Tue 02 August
nofficial trade details are below. Thank you, Vahe From: Vahe Stepanian Sent: Friday, October 30, 2015 4:58 PM To: Jeffrey E. Cc: Daniel Sabba; Ariane Dwyer; Paul Morris; Stewart 0ldfield; Richard Kahn Subject: Trade Report 10/30/2015 [c] Classification: Confidential Jeffrey — today you executed the fo
tion: Confidential Jeffrey — today you executed the following: EFTA00836464 BuySell Currencyl Notional l Currency2 Notional2 SettlementDate ForwardRate ExpiryDate FixingDate Mid Client Buys JPY 1,200,000,000 KRO -11,540,400,000 Thu 04 August 2016 9.617 Tue 02 August 2016 Tue 02 August 201
icial trade details are below. Thank you, Vahe From: Vahe Stepanian Sent: Thursday, January 14, 2016 1:03 PM To: 'Jeffrey E.' Cc: Daniel Sabba; Ariane Dwyer; Paul Morris; Stewart Oldfield; 'Richard Kahn' Subject: JPYKRW [C] Classification: Confidential Jeffrey — following up on JPYKRW. Indicatively, yo
44 Classification: Confidential Jeffrey — today you executed the following: BuySell Currencyl Notional 1 Currency2 Notional2 SettlementDate ForwardRate ExpiryDate FixingDate Mid Client Buys 3PY 1,200,000,000 KRO -11,540,400,000 Thu 04 August 2016 9.617 Tue 02 August 2016 Tue 02 August 201
From: Vahe Stepanian Date: Friday, January 15, 2016 at 8:27 AM To: Jeffrey Epstein Cc: Daniel Sabba < Stewart Oldfield Subject: RE: JPYKRW [C] Ariane Dwyer Richard Kahn Classification: Confidential , Paul Morris < Jeffrey — indicatively, current two-way market on your JPYKRW forward is 10.47 x 10.49.
cation: Confidential EFTA00629877 Jeffrey —today you executed the following: BuySell Currencyl Notionall Currency2 Notional2 SettlementDate ForwardRate ExpiryDate Fixing Date Mid Initial margin = 15% Confirm to follow with official trade details. Thank you, Vahe Client Buys JPY 1,200,000,00
nofficial trade details are below. Thank you. Vahe From: Vahe Stepanian Sent: Friday, October 30, 2015 4:58 PM To: jeffrey E. Cc: Daniel Sabba; Ariane Dwyer; Paul Morris; Stewart Oldfield; Richard Kahn Subject: Trade Report 10/30/2015 [C] Classification: Confidential Jeffrey — today you executed the fo
[C] Classification: Confidential Jeffrey — today you executed the following: BuySell Currencyl Notional 1 Currency2 Notional2 SettlementDate ForwardRate ExpiryDate FixIngDate Mid Client Buys 1,200,000,000 KRO -11,540,400,000 Thu 04 August 2016 9.617 Tue 02 August 2016 Tue 02 August 2016 9.
icial trade details are below. Thank you, Vahe From: Vahe Stepanian Sent: Thursday, January 14, 2016 1:03 PM To: 'Jeffrey E.' Cc: Daniel Sabba; Ariane Dwyer; Paul Morris; Stewart Oldfield; 'Richard Kahn' Subject: JPYKRW [C] Classification: Confidential Jeffrey — following up on JPYKRW. Indicatively, yo
[C] Classification: Confidential Jeffrey - today you executed the following: BuySell Currency' Notional l Currency2 Notional2 SettlementDate ForwardRate ExpiryDate FixingDate Client Buys JPY 1,200,000,000 KRO -11,540,400,000 Thu 04 August 2016 9.617 Tue 02 August 2016 Tue 02 August 2016 CO
From: Sent: To: CC: Subject: Hi Paul, Ariane Dwyer 3/1/2016 10:42:57 AM Paul Morris Vahe Stepanian • RE: JPYKRW Trade Recap - 1/15/16 ICI Yes, RCs on the JPYKRW Forward unwind were $12,863 and RC
k as opposed to —$840k per your email below. Offsetting JPYKRW Forward Client BuySell Currencyl Notionall Currency2 Notional2 SettlementDate ForwardRate ExpiryDate Notes SOUTHERN FINANCIAL LLC Client Sells JPY -1,094,914,611.0057 KRW 11,540,400,000 Thu 04 August 2016 10.54 Tue 02 August 201
Entities connected to both Ariane Dwyer and ForwardRate

Ariane de Rothschild
PERSON
Paul Morris
PERSON
Daniel Sabba
PERSON
Jeffrey Epstein
PERSONVahe Stepanian
PERSON
Richard Kahn
PERSON
Martha Stewart
PERSON
Stewart Oldfield
PERSONDeutsche Bank Securities Inc.
ORGANIZATIONCurrencyl
ORGANIZATIONClient Buys
ORGANIZATION