EFTA01467944.pdf

Subject: Ruble binary update [C] From: Tazia Smith Date: Tue, 18 Mar 2014 09:11:15 -0400 To: [email protected] Cc: Paul Morris Nav Gupta Vinit Sahni < Vahe Stepanian Classification: Confidential Jeffrey - Posting you on trading position: USDRUB update, your trade is down $36,700 mark-to-market. 4-weeks left until binary's maturity (european observation). Recall, your strike = 37.595 USDRUB 1-Month Price History Used with permission of Bloomberg Finance LP Mark-to-market source: DB Valuation Statement, 3/17/14. Forwarded by Tazia Smith/ on 03/18/2014 09:04 AM From: Tazia Smith/ To: "'effrey e stein" <'[email protected]>, Cc: "Vinit Sahni" , "Paul Morris" "Rich Kahn" , "Jean Anne Wiebracht (jeanie)" Date: 03/13/2014 10:51 AM Subject: Trade Report 3/13/14 - Ruble binary [C] Classification: Confidential Jeffrey - That's done at 25.7% ($257k premium paid, $1mm binary payout) at a strike of 37.595 USDRUB. Detail below. TradeTypeFxDigitalOpt EFTA01467944 BuySellClient Buys CurrencylUSD CPCall Notional11,000,000 Currency2RUB Strike37.595 ZoneCutMO: 12:30 hours (Local time in Moscow) 09:30 hours London time ExpiryDateMon 14 April 2014 SettlementDateTue 15 April 2014 FixingReferenceCME/EMTA Premium257,000 PremiumTermsUSD PremiumDateFri 14 March 2014 Tazia Smith Director Key Client Partners - US Deutsche Bank Securities, Inc. Deutsche Asset & Wealth Management 345 Park Avenue - 26th Floor New York, NY 10154 Tel: Mobile: Fax: E-mail: From: Tazia Smith Sent: 03/13/2014 10:32 AM EDT To: "jeffrey epstein" <[email protected]> Subject: Re: [C] Classification: Confidential Ok on it Tazia Smith Director Key Client Partners - US Deutsche Bank Securities, Inc. Deutsche Asset & Wealth Management EFTA01467945 345 Park Avenue - 26th Floor New York, NY 10154 Tel: Mobile: Fax: E-mail: From: Jeffrey Epstein [[email protected]] Sent: 03/13/2014 10:15 AM AST To: Tazia Smith Subject: Re: [C] do nav trade On Thu, Mar 13, 2014 at 9:24 AM, Tazia Smith e > wrote: Classification: Confidential Jeffrey - Consider the USDRUB 1-mo binary for -25.5% (very sensitive to spot, so indicative level, we'd work an order 26% or better). vanilla calls for comparison, lmth 3% OTM vanilla call is —0.57%/0.67% (12.4% / 13.25% vol) 2mth 4.25% OTM vanilla call is — 0.96%/1.08% (12.2% / 13% vol) Nav highlights the binary below, where the payout is much cleaner. Ruble weakens 3% (european observation)in this example, and payout is $1mm for $255k invested: 1-MONTH USD/RUB 3% OTM BINARY CALL costs 25.4% of payout European Digital on USD/RUB Strike: 37.55 Payout: USD 1,000,000 Payout Ccy: USD Expiry: Fri 11-Apr-2014 Settlement: Mon 14-Apr-2014 ZoneCut: MO Premium: USD 255,000 Premium Date: Fri 14-Mar-2014 This Digital pays the owner USD 1,000,000 if USDRUB is above 37.55 at the EFTA01467946 time of expiry. Tazia Smith Director Key Client Partners - US Deutsche Bank Securities, Inc. Deutsche Asset & Wealth Management 345 Park Avenue - 26th Floor New York, NY 10154 Tel: Mobile: Fax: E-mail: From: Jeffrey Epstein [[email protected]] Sent: 03/13/2014 08:10 AM AST To: Tazia Smith; Paul Morris ruble short . lets play *********************************************************** The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of Jeffrey Epstein Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved This communication may contain confidential and/or privileged information. If you are not the intended recipient (or have received this communication in error) please notify the sender immediately and destroy this communication. Any unauthorized copying, disclosure or distribution of the material in this communication is strictly forbidden. EFTA01467947 Deutsche Bank does not render legal or tax advice, and the information contained in this communication should not be regarded as such. *********************************************************** The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of Jeffrey Epstein Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA01467948