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From: Richard Kahn < Sent: Monday, April 3, 2017 8:58 PM To: Jeffrey E. Subject: European Banks & 2 Dutch Banks Paul recommended ING & ABN Richard =ahn HBRK Associates Inc. 575 Lexington =venue 4th Floor New York, NY
onality (calls or call spreads) into the French elections =rom a risk-reward perspective and then owning outright thereafter. And =iven how you and Jeffrey have more flexibility (you don't answer to =utside investors), since Le Pen seems a low risk, you might be willing =o be more aggressive. Investors
bout 10bp rate rises were =riced over 12 months — expect this to increase further when =arkets open. Our preferred proxy of ECB rates expectations, lyly Eonia =orwards, have surged almost 20bp since the start of the month. Market has aggressively =e-priced ECB Outlook -> lyly Eonia Forwards have surged 3.
From: Richard Kahn Sent: Wednesday, March 14, 2018 4:52 PM To: jeffrey E. Subject: Fwd: MEGA Trade --> Long Saudi... Richard Kahn HBRK Associates Inc. 575 =exington Avenue 4th Floor New York, NY 10022 tel fax cell B
=eighted basket of Telefonica; lberdrola; Enel; Unicredit & Santander 26/10/2017 15/02/2018 97.8 92.9 X Rates market =ontinues to re-price ECB. lyly Eonia is almost back at recent =ighs pointing to more upside for SX7E. Long SX7E Mar18 145 calls (40d, 142 ref) 25/01/2018 22/02/2018 2.85 0.2 X Rus
From: Richard Kahn < Sent: Wednesday, March 14, 2018 4:52 PM To: jeffrey E. Subject: Fwd: Other ways to trade Saudi Richard Kahn HBRK Associates Inc. 575 =exington Avenue 4th Floor New York, NY 10022 Begin forwarded mess
=eighted basket of Telefonica; lberdrola; Enel; Unicredit & Santander 26/10/2017 15/02/2018 97.8 92.9 X Rates market =ontinues to re-price ECB. lyly Eonia is almost back at recent =ighs pointing to more upside for SX7E. Long SX7E Mar18 145 calls (40d, 142 ref) 25/01/2018 22/02/2018 2.85 0.2 X Rus
Entities connected to both Jeffrey Epstein and lyly Eonia

Richard Kahn
PERSONAmanda
PERSONTelefonica
ORGANIZATIONTalal
PERSON
Gazprom
ORGANIZATIONMarket
PERSON
Rosneft
ORGANIZATIONURGBP
ORGANIZATIONEDZ9
ORGANIZATIONUnicredit & Santander
ORGANIZATIONthe Italian Elections
ORGANIZATIONMSCI UAE
LOCATIONMiddle East Team
LOCATIONL Z8
LOCATIONItaly/Germany
LOCATIONMarwan
PERSONLukoil
ORGANIZATIONthe EM Flow Story
ORGANIZATIONSAR 2yr fwd
ORGANIZATIONL Z9
ORGANIZATION