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Mbefg flf..41ICe L 28.32n-201416:07 1 \kith OF iiii,11117 6.0000 5.0000 4.0000 3.0000 2.0000 KCP Capital Markets Vinit Sahni I Nav Gupta I Vanshree Verma Nav Gupta Managing Director Deutsche Bank AG. Finale London Deutsche Asset E. Wealth Management 1051108 Old Broad St Winners Hall), EC2N 1 EN Lo
) Daily 293M2009-28JAIC014 COpyrIght0 2014 5100Mbefg flf..41ICe L 28.32n-201416:07 1 \kith OF iiii,11117 6.0000 5.0000 4.0000 3.0000 2.0000 KCP Capital Markets Vinit Sahni I Nav Gupta I Vanshree Verma Nav Gupta Managing Director Deutsche Bank AG. Finale London Deutsche Asset E. Wealth Management 105110
her, option sellers will short cover options they have Used with permission of Bloomberg Finance LP KCP Capital Markets Vinit Sahni I Nav Gupta I Vanshree Verma Nav Gupta Managing Director Deutsche Bank AG, Filiale London Deutsche Asset & Wealth Mana.ement Any proposed ideas are being delivered to you by
Subject: Depressed options volatility makes 'Renmimbi weaker' hedges very cheap I KCP Capital Markets [I] From: Tazia Smith sz: > Date: Tue, 28 Jan 2014 12:24:03 -0500 To: [email protected] Cc: Paul Morris < Vinit Sahni < Nav Gupta Vahe Ste
they have (Embedded image moved to file: pic19759.gif) Used with permission of Bloomberg Finance LP KCP Capital Markets Vinit Sahni I Nav Gupta I Vanshree Verma (Embedded image moved to file: pic30802.gif) Nav Gupta Managing Director Deutsche Bank AG, Filiale London Deutsche Asset & Wealth Management 10
Subject: Depressed options volatility makes 'Renmimbi weaker' hedges very cheap I KCP Capital Markets [I] From: Tazia Smith sz: > Date: Tue, 28 Jan 2014 12:24:02 -0500 To: [email protected] Cc: Paul Morris < Vinit Sahni < Nav Gupta Vahe Ste
er, option sellers will short cover options they have -ictl with permission cif Bitionttcrtt Emmy LP KCP Capital Markets Vinit Sahni I Nav Gupta I Vanshree Verma Nav Gupta Managing Director Deutsche Bank AG. Male London Deutsche Asset 8 Wealth Management 109108 Old &oad St Pinners Hall). EC2N 1EN London.
d volatility IF USDCNH starts to retrace higher, option sellers will short cover options they have -ictl with permission cif Bitionttcrtt Emmy LP KCP Capital Markets Vinit Sahni I Nav Gupta I Vanshree Verma Nav Gupta Managing Director Deutsche Bank AG. Male London Deutsche Asset 8 Wealth Management 109108 Ol
M 1Y) Daily 29.1aN2039-25.1M2014 Copyright0 2014 Bloomberg birarcel.o. 2S-2an-2014 15:01:27 k% I'm KCP Capital Markets Vinit Sahni I Nav Gupta I Vanshree Verma Nav Gupta Managing Director Deutsche Bank AG. Filial* London Deutsche Asset & Wealth Management 109108 Old &oad St Ruiners Hall). EC2N 1EN Londo
2 2013 20: uSDCW.flY Conk, (u5D-C14400Vol ATM 1Y) Daily 29.1aN2039-25.1M2014 Copyright0 2014 Bloomberg birarcel.o. 2S-2an-2014 15:01:27 k% I'm KCP Capital Markets Vinit Sahni I Nav Gupta I Vanshree Verma Nav Gupta Managing Director Deutsche Bank AG. Filial* London Deutsche Asset & Wealth Management 109108
Entities connected to both Vanshree Verma and KCP Capital Markets

Bloomberg L.P.
ORGANIZATION
Jeffrey Epstein
PERSON
Tazia Smith
PERSONKCP London
ORGANIZATION
Paul Morris
PERSON
Nav Gupta
PERSONVahe Stepanian
PERSONRenmimbi
PERSONJean-Paul Smith
PERSONGlobal Markets Research
ORGANIZATIONJun Ma
PERSON
Shanghai
LOCATIONApurva Gupta
PERSON