EFTA01462394.pdf

Subject: Re: Unwind your CAD From: Vahe Stepanian Date: Wed, 05 Mar 2014 10:18:53 -0500 To: Jeffrey epstein < eevacationegmail.com> Cc: Nav Gupta Paul Morris < Vinit Sahni < Classification: Confidential Good Morning Jeffrey, Details of your CAD unwind are below. We will be following up with the chart you've requested. Thank you, Vahe BuySell Client Sells Currencyl USD CP Call EFTA01462394 Notionall -10,000,000 Currency2 CAD Notional2 11,000,000 Strike 1.1 EFTA01462395 ZoneCut NY: 10:00 hours (Local time i n New York) ExpiryDate Thu 17 April 2014 SettlementDate Mon 21 April 2014 FixingReference SPOT EFTA01462396 Premium 135,000 Premiumierms USD PremiumDate Thu 06 March 2014 EFTA01462397  Client Buys BuySell Currencyl USD CP Call EFTA01462398 Notionall 10,000,000 Currency2 CAD Notional2 -11,300,000 Strike 1.13 EFTA01462399 ZoneCut NY: 10:00 hours (Local time i n New York) ExpiryDate Thu 17 April 2014 SettlementDate Mon 21 April 2014 Barrier 1.17 EFTA01462400 FixingReference SPOT Premium 20,000 Premiumierms USD PremiumDate Thu 06 March 2014 EFTA01462401 (Embedded image moved to file: pic10505.gif) Vahe Stepanian Associate I Wealth Investment Coverage Deutsche Bank Securities Inc. Deutsche Asset a Wealth Management 345 Park Avenue - 26th Floor New York NY 10154-0004 Tel. Fax Mobi e Email From: Tazia Smith/db/dbcom6DBAMERICAS To: "Jeffrey epstein" <jeevacationQgmail.com>, Cc: "Vahe Ste anian" < , "Paul Morris" >, "Vinit S ahni" < "Nav Gupta" < > Date: 03/05/2014 10:05 AM Subject: Re: Unwind your CAD (CI Classification: Confidential Jeffrey- that's done. Sold the structure at $115k v $109k cost, will send detail of each leg. 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: Original Message From: Tazia Smith EFTA01462402  Sent: 03/05/2014 09:54 AM EST To: "Jeffrey epstein" <[email protected]> Cc: Vahe Stepanian; Paul Morris Subject: Re: Unwind your CAD (C) Classification: Confidential Jeffrey - As discussed, taking the trade. Speak with you at 1pm! Best, Tazia 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: Original Message From: Tazia Smith Sent: 03/05/2014 09:51 AM EST To: "Jeffrey epstein" <[email protected]> Cc: Vahe Stepanian; Paul Morris Subject: Unwind your CAD (C] Classification: Confidential Jeffrey - Consider unwinding your cad trade. See Nav's comments below, but essentially higher energy prices an d outflows of short CAD are expected to provide support/remove downward pressure on the currency. You paid $109k for your reverse knock-in call spread. Indicative unwind level today is $136k (source : DB WM FX Tading, 3/5/14). Consider taking the $27k gain. 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: Original Message From: Nav Gupta Sent: 03/05/2014 01:02 PM GMT To: Tazia Smith; [email protected]; Vinit Sahni Subject: usdcad update for JE (I) Classification: For internal use only three points 1. commodity px are much higher - bullish cad 2. CAD 2y swap rate higher (not lower as i had expected) vs US rates compared to 2mths ago - bullish cad (Embedded image moved to file: pic30817.gif) canada still has v vulnerable housing sector and several high profile clients have been exiting cane dian risk (pimco ed devlin in ft last week) but nevertheless given 1 and 2 above im less bearish cad vs usd than 2mths ago when JE entered the trade. EFTA01462403 so given 1 and 2 im surprised usdcad hasnt moved lower - i dont have a view on usdcad here and there fore dont like the trade anymore Nay (Embedded image moved to file: pic29262.gif) Nav Gupta Managing Director Deutsche Bank AG, Filiale London Deutsche Asset S Wealth Management 105/108 Old Broad St (Pinners Hall), EC2N lEN London, United Kingdom Tel. Mobile Email Any proposed ideas are being delivered to you by the DeAWM Key Client Partners ("KCP") London desk f or discussion purposes only, and do not create any legally binding obligation on the part of Deutsch e Bank AG and / or its affiliates ("DB"). These ideas are for the consideration of the intended reci pients of this mail only. The KCP London desk does not provide investment advice. All intended recip ients are Professional investors (as defined by MiFID), who understand the strategy, characteristics and risks associated with any ideas proposed herein and will be able to evaluate it independently. All trades on proposed ideas shall be subject to the relevant internal approvals prior to execution. (Embedded image moved to file: pic23388.gif) EFTA01462404