Epstein Secrets

James Malcolm: Are the BoJ shifting stance? Own some cheap optionality [C] [I] From: Paul Morris ‹ > Date: Mon, 04 May 2015 11:32:38 -0400 To: Stewart Oldfield ‹ > Classification: For internal use only Paul Morris Managing Director Deutsche Bank Private Bank Office Cell: From: jeffrey E. [mailto:jeeva

cation: Confidential Jeffrey- please find risk reversal pricing below per your request. Spot ref = 120.15 EFTA01400975 #1) SFLLC sells Put, buys Call on USD/JPY in a premium neutral Risk Reversal Put Strike: 118.00 Call Strike: 122.45 Notional: USD 10,000,000 USD Expiry: Thu 06-Aug-2015 (3m) Stru

e the BoJ shifting stance? Own some cheap optionality [C] From: Paul Morris ‹ > Date: Mon, 04 May 2015 10:08:51 -0400 To: Vahe Stepanian < Cc: Stewart Oldfield Classification: Confidential Hi thx, can u cc Stew on these Paul Morris Managing Director Deutsche Bank Private Bank Office: 212-454-0701 Cell

[C] Classification: Confidential Jeffrey- please find risk reversal pricing below per your request. Spot ref = 120.15 #1) SFLLC sells Put, buys Call on USD/JPY in a premium neutral Risk Reversal EFTA01401808 Put Strike: 118.00 Call Strike: 122.45 Notional: USD 10,000,000 USD Expiry: Thu 06-Aug-

From: Sent: To: CC: Paul Morris ;'Richard Kahn' l; Daniel Sabba I ; Ariane Dwyer ; Stewart Oldfield Subject: RE: DB James Malcolm: Are the Bo) shifting stance? Own some cheap optionatity..... [CI Vahe Stepanian 5/4/2015 1:44:15 PM 'Jeffrey Epst

ify, we priced the structures by choosing a strike on the USD/JPY put sale, then solving for the call. Spot ref = 120.15 #1) SFLLC sells Put, buys Call on USD/JPY in a premium neutral Risk Reversal Put Strike: 118.00 Call Strike: 122.45 Notional: USD 10,000,000 USD Expiry: Thu 06-Aug-2015 (3m) As a spre

From: Paul Morris Sent: 5/4/2015 2:54:30 PM To: Stewart Oldfield Subject: FW: DB James Malcolm: Are the Sol shifting stance? Own some cheap optionality ICJ (lJ Classification. For internal use only Paul Morris

ify, we priced the structures by choosing a strike on the USD/JPY put sale, then solving for the call. Spot ref = 120.15 #1) SFLLC sells Put, buys Call on USD/JPY in a premium neutral Risk Reversal Put Strike: 118.00 Call Strike: 122.45 Notional: USD 10,000,000 USD Expiry: Thu 06-Aug-2015 (3m) As a spre

From: Stewart Oldfield SeM: 5/4/2015 2:55:09 PM To: Paul Morris Subject: RE: DB James Malcolm: Are the Bpi shifting stance? Own some cheap optionality [C] Classific

ify, we priced the structures by choosing a strike on the USD/JPY put sale, then solving for the call. Spot ref = 120.15 #1) SFLLC sells Put, buys Call on USD/JPY in a premium neutral Risk Reversal Put Strike: 118.00 Call Strike: 122.45 Notional: USD 10,000,000 USD Expiry: Thu 06-Aug-2015 (3m) As a spre