Epstein Secrets

UTSCHE BANK SECURI) To: KCPCM DEUTSCHE BANK At: Mar 9, 2015 8:45:53 AM Brazil 262/266 +9 Chile 90/96 unc Colombia 156/162 +2 Mexico 119/122 +2 Panama 125/135 unc Peru 122/128 unc Ven Spd 4116/4330 +0 Ven Upf 60.9/61.9 unc CDXEM21 102.10/30 -.06 Sprd:443(+2) FV:102.34 (.14 cheap) CDXEM22 87.70/

From: Daniel Sabba To: [email protected] <[email protected]> CC: Vahe Stepanian , Ariane Dwyer , , Paul Morris Subject: RE: Fwd:[/] DB Latam 5y CDS Run [C] Date: Fri, 13 Mar 2015 12:25:46 +0000 Classification: Confidential

UTSCHE BANK SECURI) To: KCPCM DEUTSCHE BANK At: Mar 9, 2015 8:45:53 AM Brazil 262/266 +9 Chile 90/96 unc Colombia 156/162 +2 Mexico 119/122 +2 Panama 125/135 unc Peru 122/128 unc Ven Spd 4116/4330 +0 Ven Upf 60.9/61.9 unc CDXEM21 102.10/30 -.06 Sprd:443(+2) FV:102.34 (.14 cheap) CDXEM22 87.70/

From: Daniel Sabba To: [email protected] <[email protected]> CC: Vahe Stepanian , Ariane Dwyer , , Paul Morris Subject: RE: Fwd:[/] DB Latam 5y CDS Run [C] Date: Tue, 17 Mar 2015 13:54:51 +0000 Classification: Confidential

UTSCHE BANK SECURI) To: KCPCM DEUTSCHE BANK At: Mar 9, 2015 8:45:53 AM Brazil 262/266 +9 Chile 90/96 unc Colombia 156/162 +2 Mexico 119/122 +2 Panama 125/135 unc Peru 122/128 unc yen Spd 4116/4330 +0 yen Upf 60.9/61.9 unc CDXEM21 102.10/30 -.06 Sprd:443(+2) FV:102.34 (.14 cheap) CDXEM22 87.70/

From: Daniel Sabba To: [email protected] <[email protected]> CC: Vahe Stepanian Ariane Dwyer , , Paul Morris Subject: RE: Fwd:[/] DB Latam 5y CDS Run [C] Date: Mon, 09 Mar 2015 20:17:17 +0000 Classification: Confidential B

Rousseff's election in 2010, is under investigation on allegations of influence peddling to help construction company Odebrecht SA win contracts in Panama and venezuela after his term ended. while Lula denies any wrongdoing, the investigation still could further bog down an administration that's strug

PM Subject: (BN) As Lula Corruption Probe Begins, Brazil's Crisis Heats Up A (BN) As Lula Corruption Probe Begins, Brazil's Crisis Heats Up A gain Vahe Stepanian This has been prepared solely for informational purposes. It is not an offer, recommendation or solicitation to buy or sell, nor is it an official

BANK SECURI) To: KCPCM DEUTSCHE BANK At: Feb 20, 2015 3:07:49 PM Brazil 239/243 +5 Chile 93/99 +1 Colombia 139/145 -1 Mexico — 110/112 +2 Panama 121/131 +1 Peru 118/128 +1 Ven Spd 4441/4701 +225 Ven Upf 62.5/63.5 +.9 CDXEM21 102.83/97 -.16 Sprd:425(+4) FV:102.71 (.19 rich) CDXEM22 88

From: Daniel Sabba Sent: Sunday, February 22, 2015 9:39 PM To: [email protected]* Cc: Vahe Stepanian; Ariane Dwyer Subject: Fw: Fwd: DB Latam Sy CDS Run [C] Classification: Confidential Brazil at 239/243. You entered at 201/205. Original Mess

HE BANK SECURI) To: KCPCM DEUTSCHE BANK At: Feb 6, 2015 1:44:36 PM Brazil 231/235 +6 Chile 93/99 -2 Colombia 138/146 -2 Mexico 107/109 -2 Panama 116/126 -1 Peru 116/126 -1 Ven Spd 4539/4877 -474 Ven Upf 63.0/64.2 -1.6 CDXEM21 102.76/06 +.11 Sprd:426(-3) FV:102.75 (.16 rich) CDXEM22 8

From: Daniel Sabba Sent: Sunday, February To: [email protected]* Cc: Vahe Stepanian; Subject: Fw: Fwd: (/1 DB Latam Sy CDS Run Classification: Public Brazil CDS wider on Friday when new Petrobras CEO was confirmed by board. Need