Epstein Secrets

sche Bank Securities Inc. Tel. Mo Email: Original Message From: Vahe Stepanian Sent: Monday, May 04, 2015 10:00 AM Eastern Standard Time To: Jeffrey Epstein Cc: Paul Morris; Daniel Sabba; Ariane Dwyer; Richard Kahn Subject: RE: DB James Malcolm: Are the BoJ shifting stance? Own some cheap optionality..... [

al Risk Reversal 116.00 125.00 USD 10,000,000 USD Thu 05-Nov-2015 (6m) USD -130,000 From: Daniel Sabba Sent: Friday, May 01, 2015 4:35 PM To: jeffrey E.; Paul Morris EFTA00857552 Cc: Vahe Stepanian; Ariane Dwyer; Richard Kahn Subject: RE: DB James Malcolm: Are the Bo) shifting stance? Own some che

the world would i put up any money if i can short puts ? buyu calls .risk reversal. sony On Fri, May 1, 2015 at 10:15 AM, Daniel Sabba > wrote: Jeffrey — we wanted to share this note with you as it relates to what we perceive to be your macro views. James Malcolm is updating his view on the BoJ - he

From: Vahe Stepanian To: "'Jeffrey Epstein"' <[email protected]> CC: Paul Morris , "'R

. [CI Classification: Confidential Jeffrey- please find risk reversal pricing below per your request. Spot ref = 120.15 #1) SFLLC sells Put, buys Call on USD/WY 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) Structur

From: "jeffrey E." <[email protected]> To: Vahe Stepanian Cc:

orld would i put up any money if i can i short puts ? buyu calls .risk reversal. sony I On Fri, May 1, 2015 at 10:15 AM, Daniel Sabha <1 > wrote: Jeffrey — we wanted to share this note with you as it relates to what we perceive to be your macro views. EFTA00857658 James Malcolm is updating his view

rote: Classification: Confidential Jeffrey- please find risk reversal pricing below per your request. Spot ref = 120.15 #1) SFLLC sells Put, buys Call on USD/WY 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) Structur

ion: For interval use only Daniel, are you reviewing before going out to clients? Paul Morris Managing Director Deutsche Bank Private Bank From: jeffrey E. [mailto:[email protected]] Sent: Monday, May 04, 2015 10:08 AM To: Vahe Stepanian Cc: Paul Morris; Daniel Sabba; Ariane Dwyer; Richard Kahn S

AM, Vahe Stepanian Classification: Confidential Jeffrey- please find risk reversal pricing below per your

: 117.00 Call Strike: 123.45 Notional: USD 10,000,000 USD Expiry: Thu 05-Nov-2015 (6m) Structure Mid: USD -160,000 #3) SFLLC sells Put, buys Call on USD/WY in a premium neutral Risk Reversal Put Strike: 116.00 wrote: CONFIDENTIAL — PURSUANT TO FED. R. GRIM. P. 6(e) DB-SDNY-0 116864 CONFIDENTIAL SD