Epstein Secrets

Alan Ruskin Daniel Brehon Drausio Giacomelli Guilherme Marone Mauro Roca Singapore Sameer Goel Mallika Sachdeva Sydney John Horner Tokyo Taisuke Tanaka Head of FX Strategy Bilal Hafeez Deutsche Bank AG/London DISCLOSURES AND ANALYST CERTIFICATIONS ARE LOCATED IN APPENDIX 1. MICA(P) EFTA01464418

ll EUR/BRL and EUR/CLP Theme #10: Turning Up the Volume: Buy USD/GBP variance swap and AUD/USD variance swap Research Team London Bilal Hafeez James Malcolm Henrik Gullberg George Saravelos Caio Natividade Siddharth Kapoor Oliver Harvey Nicholas Weng New York Alan Ruskin Daniel Brehon Drausio Gi

•, )"O:k Alan Ruskin Daniel Breton Drausio Giacomolk Guilherme Marone Stne.apO1O Seined God Mallika Sachdeva Pen KoJodi* Main Boyton Tokyo Taisuke Tanaka Head of FX Strategy Real Halm Deutsche Bank AG/London DISCLOSURES AND ANALYST CERTIFICATIONS ARE LOCATED IN APPENDIX 1. MICA4P) 054/04/2013. CON

eme #11: Vol to roll: Buy EUR/USD FVAs, USD/JPY vol swaps end risk reversals, AUD/USD puts 9 January 2014 'Research Team IA)(141(O1 Biel Hafeez James Malcolm Henrik Gullberg George Satan)los Seldhaith Kapoor Oliver Harvey Nicholas Wang Nm•, )"O:k Alan Ruskin Daniel Breton Drausio Giacomolk Guilhe

oreign asset fledge demand 08 . .end on.•,:nd 10 12 14 60 70 80 90 100 110 120 130 140 150 James Malcolm, London, (+44)20754 50884 Taisuke Tanaka, Tokyo +87 (03)5156 671J Doutscho Bank AG/London CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL SDNY_GM_00253628 DB-SDNY-0 107444

San Dourithe Bonk OWIT•1161. and lP he foreign asset fledge demand 08 . .end on.•,:nd 10 12 14 60 70 80 90 100 110 120 130 140 150 James Malcolm, London, (+44)20754 50884 Taisuke Tanaka, Tokyo +87 (03)5156 671J Doutscho Bank AG/London CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFID

•, )"O:k Alan Ruskin Daniel Breton Drausio Giacomolk Guilherme Marone Stne.apO1O Seined God Mallika Sachdeva Pen KoJodi* Main Boyton Tokyo Taisuke Tanaka Head of FX Strategy Real Halm Deutsche Bank AG/London DISCLOSURES AND ANALYST CERTIFICATIONS ARE LOCATED IN APPENDIX 1. MICA4P) 054/04/2013. CON

eme #11: Vol to roll: Buy EUR/USD FVAs, USD/JPY vol swaps end risk reversals, AUD/USD puts 9 January 2014 'Research Team IA)(141(O1 Biel Hafeez James Malcolm Henrik Gullberg George Satan)los Seldhaith Kapoor Oliver Harvey Nicholas Wang Nm•, )"O:k Alan Ruskin Daniel Breton Drausio Giacomolk Guilhe