Epstein Secrets

Commodity currencies: bullish reversals in BRL.„ ICJ 2.8000 2.7060 2.6000 2.4000 2.2000 2.0000 1.8000 1.6000 Classification: Confidential Jeffrey, Happy new year.This idea looks particularly interesting to USDBRL. Indicative pricing and rationale below: Notional: USD 10mm Expiry: 6m Client

rienced increased volatility and marked depreciation vs. USD (see historical price chart below) • Affected commodity linked currency pairs include AUDUSD, USDBRL, USDCAD, USDMXN, and USDNOK • Premium neutral bullish risk reversals on commodity currencies can take advantage of implied vol, skew and f

0 AM To: jeevacation maitcom CC: Paul Morris •, Subject: Commodity currencies: bullish reversals in BRL... IC] Classification: Confidential Jeffrey, Happy new year.This idea looks particularly interesting to USDBRL. Indicative pricing and rationale below: Notional: USD 10mm Expiry: 6m Client

rienced increased volatility and marked depreciation vs. USD (see historical price chart below) • Affected commodity linked currency pairs include AUDUSD, USDBRL, USDCAD, USDMXN, and USDNOK • Premium neutral bullish risk reversals on commodity currencies can take advantage of implied vol, skew and f

SA, FFIV, XOM) [C] Classification: Confidential Jeffrey - Per your request, concentrating on 5 liquid, U

sted. Also consider further downside in Aussie dollar. Example: 3mo 0.85 strike digital AUDput/USDcall. spot ref 0.9, pay 12.5% (9.1 offer vol), if AUDUSD below .85 at maturity, receive 100% (8x premium paid). Max loss: premium paid Indicative levels only, subject to market movement, source: DB KCP L

SA, FFIV, XOM) [C] Classification: Confidential Jeffrey - Per your request, concentrating on 5 liquid, U

sted. Also consider further downside in Aussie dollar. Example: 3mo 0.85 strike digital AUDput/USDcall. spot ref 0.9, pay 12.5% (9.1 offer vol), if AUDUSD below .85 at maturity, receive 100% (8x premium paid). Max loss: premium paid. Indicative levels only, subject to market movement, source: DB KCP