Subject: Re: WTI 101/93.50 zero cost collar (C) From: Paul Morris < Date: Tue, 18 Mar 2014 15:16:43 -0400 To: Tazia Smith < Classification: Confidential thx i see oil was up nicely late in day Paul Morris Managing Director Deutsche Bank Private Bank 345 Park Avenue, 27th Floor New York, NY 10154 Office: Cell: From: Tazia Smith/ To: "jeffrey epstein" <jeevacation@gmail.com>, Cc: "Jean Anne Wiebracht (Jeanie)" <->, "Nay Gupta" <I IMIS "P aul Morris" <fl, "Rich Kahn" "Vahe Stepanian" < >, "Vinit Sahni" <v init.sahnadb.com> Date: 03/18/2014 09:50 AM Subject: WTI 101/93.50 zero cost collar (C) Classification: Confidential Jeffrey - Your Jun14 WTI 101/93.50 risk reversal currently marking ($0.32)/bbl, down $32,000 on your position. 1-Month Price History Jun14 WTI (CLM4) (Embedded image moved to file: pic13232.gif) Used with permission of Bloomberg Finance LP From: Tazia Smith/ To: Cc: "jeffrey epstein" <jeevacationQgmail.com>, "Paul Morris" < >, "Vinit Sahni" < >, "Nay Gupta" <M EFTA01467965 >, "Vahe Stepanian" "Jean Anne Wiebracht (Jeanie)" < n" < Date: 03/13/2014 06:01 PM Subject: Trade Report 3/13/14 - WTI Zero Cost Risk Reversal (C) Classification: Confidential Jeffrey - As discussed, today you executed the following: Underlying: Jun14 WTI Bloomberg code: CLM4 <comdty> RMS Counterparty code: SOFL SOFL buys $101 call SOFL sells $93.5 put Premium: Zero Notional: 100,000 bbls on each leg Both legs knock out if on any day CLM4 fixes below $20/bbl. Initial Margin = 13% Tazia Smith Director Key Client Partners - US Deutsche Bank Securities, Inc. Deutsche Asset a Wealth Management 345 Park Avenue - 26th Floor New York, NY 10154 Tel: Mobile: Fax: E-mail: >, "Rich Kah EFTA01467966