Epstein Secrets

From: Vahe Stepanian To: "jeffrey E." <[email protected]> CC: Daniel Sabba , Aria

Vahe Stepanian Subject: Re: JPY/KRO Call Spreads [C] Yes On Fri, Oct 30, 2015 at 4:29 PM, Vahe Stepanian < Classification: Confidential wrote: Jeffrey — please confirm, buy JPY 1 200 000 000 (vs. KRO) correct? This is —USD 10mm. Tenor is 9 months. Thank you, Vahe From: Jeffrey E. [mailto:jeevacS

) Net Premium: SOFL Pays 3.52% of JPY Notional (or —$349,669) Thank you, Vahe From: Vahe Stepanlan Sent: Friday, October 30, 2015 2:09 PM To: Jeffrey E. Cc: Daniel Sabba; Mane Dwyer; Paul Morris; Stewart Oldfield; 'Richard Kahn' Subject: JPY/KRO Call Spreads [C] Classification: Confidential Jeffrey —

reads [C] Classification: Confidential Jeffrey — we spoke to trading, and given where skew and vols are, it made sense to price up call spreads on JPY/KRO. Please find below indicative pricing for 6, 9, and 12 month call spreads on JPY/KRO. Note - there is likely to be more liquidity on this currency

From: Vahe Stepanian To: "jeffrey E." <[email protected]> CC: Daniel Sabba Morris

Y/KRO Call Spreads [C] Date: Fri, 30 Oct 2015 20:17:24 +0000 Inline-Images: image001.png er , Paul , Richard Kahn Classification: Confidential Jeffrey — please find live offers to buy the JPY/KRO forwards: 6m Offer = 9.5860 9m Offer = 9.6160 12m Offer = 9.6660 Initial Margin =15% Please let

) Net Premium: SOFL Pays 3.52% of JPY Notional (or —$349,669) Thank you, Vahe From: Vahe Stepanian Sent: Friday, October 30, 2015 2:09 PM To: jeffrey E. Cc: Daniel Sabba; Mane Dwyer; Paul Morris; Stewart Oldfield; 'Richard Kahn' Subject: PY/KRO Call Spreads [C] EFTA00631069 Classification: Confidenti

From: Vahe Stepanian To: "jeffrey E." <[email protected]> CC: Daniel Sabba Morris , Ariane D Stewart Oldfield Subject: RE: JPY/KRO Call Spreads [C] Date: Fri, 30 Oct 2015 20:17:24 +0000 Inline-Images: image001.png er , Paul , Richard Kahn Classification: Confidential Jeffr

y) Net Premium: SOFL Pays Thank you, Vahe 3.52% of JPY Notional (or 1349,669) From: Vahe Stepanian Sent: Friday, October 30, 2015 2:09 PM To: jeffrey E. Cc: Daniel Sabba; Ariane Dwyer; Paul Morris; Stewart Oldfield; 'Richard Kahn' Subject: 3PY/KRO Call Spreads [C] Classification: Confidential Jeffrey

nian Sent: Friday, October 30, 2015 2:09 PM To: jeffrey E. Cc: Daniel Sabba; Ariane Dwyer; Paul Morris; St

nian Sent: Friday, October 30, 2015 2:09 PM To: jeffrey E. Cc: Daniel Sabba; Ariane Dwyer; Paul Morris; Ste

preads [C] Classification: Confidential Jeffrey — we spoke to trading, and given where skew and vols are, it made sense to price up call spreads on JPY/KRO. Please find below indicative pricing for 6, 9, and 12 month call spreads on JPY/KRO. Note - there is likely to be more liquidity on this currency

) Net Premium: SOFL Pays Thank you, Vahe 3.52% of JPY Notional (or —S349,669) From: Vahe Stepanian Sent: Friday, October 30, 2015 2:09 PM To: jeffrey E. Cc: Daniel Sabba; Ariane Dwyer; Paul Morris; Stewart Oldfield; 'Richard Kahn' Subject: JPY; KRO Call Spreads [C] Classification: COnidendal Jeffrey —

nian Sent: Friday, October 30, 2015 2:09 PM To: jeffrey E. Cc: Daniel Sabba; Ariane Dwyer; Paul Morris; St

nian Sent: Friday, October 30, 2015 2:09 PM To: jeffrey E. Cc: Daniel Sabba; Ariane Dwyer; Paul Morris; Ste

Spreads [C] Classification: COnidendal Jeffrey — we spoke to trading, and given where skew and vols are, it made sense to price up call spreads on JPY/KRO. Please find below indicative pricing for 6, 9, and 12 month call spreads on JPY/KRO. Note - there is likely to be more liquidity on this currency

From: jeffrey E. <[email protected]> Sent: Friday, October 30, 2015 7:27 PM To: Vahe Stepanian Subject: Re: JPY/KRO Call Spreads (C) still waiting??? ? On F

n Subject: Re: JPY/KRO Call Spreads (C) still waiting??? ? On Fri, Oct 30, 2015 at 2:09 PM, Vahe Stepanian Classification: Confidential wrote: Jeffrey — we spoke to trading, and given where skew and vols are, it made sense to price up call spreads on JPY/KRO. Please find below indicative pricing f

n Classification: Confidential wrote: Jeffrey — we spoke to trading, and given where skew and vols are, it made sense to price up call spreads on JPY/KRO. Please find below indicative pricing for 6, 9, and 12 month call spreads on JPY/KRO. Note - there is likely to be more liquidity on this currency