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revious day ▪ Option prices are calculated using Black-Scholes model using an after cost implied volatil
on to Perform. Deutsche Bank El EFTA_R1_02151765 EFTA02716191 DB Brent Short Volatility II Index Summary ■ Rationale: Historically, on average Brent implied volatility has been higher than subsequent realized volatility. In other words, historically implied volatility has priced at a premium. Thi
ract ■ Dynamic delta hedging on the options i Short position in 3-month straddles on the respective Roll Dates + Hedge by buying delta amount of Brent futures 1 Sub Index I Rebalancing ■ Rebalanced to equal weights every year on the option expiry of December contract v Sub Index II i Sub In
it is based on listed option prices ■ Market Neutral: The strategy is constructed using a basket of options and implies no directional exposure to Brent front month prices ■ Rebalancing: The index is rebalanced every year to provide equal exposure to the 3 sub-indices once a year. The rebalance date
mou, Albert Barrett, Anthony Barrett, Jonathan Black Leon Flo ,tiansoement I P Borden, David fyiZto
2TRA,, Flowers-Gary Baura Fontanilla, Lynn & Jojo n Luc am° Steve Graces Marketplace Miller Charles ewyers Tom/Pat (tele- ersi lunnol Tindall. Brent EFTA00183027 KENYA (K) MtiUtak KINNERTON Airport Transfers Chelsea Police Station Coles, Alan tntwistle isl Hair Assocs s wa Harrods Limite
Color Body Make Ac uired Date Re View AUTO BLACK 4 DOOR FORD 04-03-06 Driver License I ransact
PM Call r— IrMill 0:05:00 85 11:48:00 PM Call cell 0 01:00 86 11:53:00 PM Epstein's Flight arrives at PENA (Garlstteam G- 11598) " in; Brent in al, Pax 1 87 2:12.00 PM Call II 0.01:00 88 4:13.00 PM Call 0.01:00 89 8:11:00 PM Call .. F 0:01:00 90 8:13.00 PM Call cell I 0:01
: Color: Year: Description: Plate: YES ~~) BLACK 2006 FORD No VIN Analysis Available Owner: S
118 312112004 9.4000 PM Call I 0 01.00 119 3252004 /1:53700PAI Epstein's Flight wives et PIIIIA (Gulfs treem G- 1159E) Jeffrey Epstein, Brent 0:01:00 120 3/262004 11:12-00 PM Call 121 3/26/2034 11.23 00 PM Call 0.02.00 122 3/27/2004 3.1900 AM Call I IIM 0.01:00 123 327/2004
n usually be distilled to some variation of this: Black dysfunction is mostly or even solely the result
sed." Siluanov said the ruble is oversold and its current exchange rate would correlate to=the oil price of $60 per barrel. The global price of oil, Brent, traded around =70 a barrel on Tuesday. Russia's economic stability is important for the region.=lt is a major trading partner for Western Europe, s
Sarah elle - Personal Assistant WitABLUNEXIMICI (Black Berry, T Mobile), email - - Secretary in New Y
e - Boat Captain (U.S.V.I.) - House Staff (PB) - Russian fitness instructor Lance C llawav - Current Chef Roberto LNU - Prior Chef - Prior Chef Brent 'dwell - Prior Chef Adam V rryiang Prior Chef 04adia O[arcinkova - Personal Assistant (917) 476-9463 Andrea Osinska - Personal Assistant (212) 44
Entities connected to both Leon Black and Brent

Jeffrey Epstein
PERSON
Lesley Groff
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Marc Rich
PERSONDarren Indyke
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Prince Andrew
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Alan Dershowitz
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Woody Allen
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Richard Kahn
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United States
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George W. Bush
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Ghislaine Maxwell
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Donald Trump
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Michael Cohen
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John F. Kennedy
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George Mitchell
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Joe Biden
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Julie K. Brown
PERSONEileen Alexanderson
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Harry Reid
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Bill Clinton
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