From: Paul Morris Sent: 3 14 2014 3:38:27 PM To: Subject: Fw: 110/86, 105/90.25 IC] Classification: Confidential he decided not to trade today Paul Morris Managing Director Deutsche Bank Private Bank 345 Park Avenue, 27th Floor Swew York NY 10154 Forwarded by Paul Moms. on 03/14201403:38 PM -- From. Tazia Smith To. leevacation@gmail.com. Cc: Paul Morris, Vinit Satin!, Date. 03/14/2014 01:28 PM Subject Re: 110,86. 1099025 (c) Nay Gila Vahe Stepania Classification: Confidential Jeffrey - Initial Margin is 13%. 13% = $1,118,000 for 100k bbls 110/86 13% = $1,173,000 for 100k bbls 105/90.25 put the $20/bbl KO not given weight in Credit Risk Management's calculation model given the statistical unlikelihood. From. Tazia Smin To. Jeffrey Epsteri yeevacabonegmall.com>60EUBAINT, Date. 03114/201412:57 PM Subject: Re: 11098 10590.25 ICJ Classification: Confidential IM: 13% CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 110795 CONFIDENTIAL SDNY_GM_00256979 EFTA01453273