EFTA01192146.pdf

From: Tazia Smith •tt > To: [email protected] Cc: Paul Morris Vinit Sahni Nav Gupta , Vahe Stepanian Subject: Re: 110/86, 105190.25 [C] Date: Fri, 14 Mar 2014 17:28:33 +0000 Inline-Images: unnamed; unnamed(1); unnamed(2); unnamed(3); unnamed(4); unnamed(5) 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 Managements calculation model given the statistical unlikelihood. From: Tazia Smithiclb/dbcom To: Jeffrey Epstein leevacation©gmail.comn§DEUBAINT. Dale: 03/1412014 12:57 PM Subject: Re: 110/86. 105/90.25 [CI Classification: Confidential IM: 13% From: Jeffrey Epstein [email protected]> To: Tazia Smith/db/dbcom@DBAMERICAS. Dale: 03/14/2014 12:55 PM Subject: Re: 110/86. 105/90.25 [CI margin for 100 k barrells? EFTA01192146 On Fri, Mar 14, 2014 at 12:38 PM, Tazia Smith < wrote: Classification: Confidential WTI Jun14 You buy call, strike 110 You sell put, strike X 100 lots on each leg Costless package Both legs knock out if WTI Jun14 setttles below $20/bbl on any day during the trade Jun14 ref 97.65 X=86.0 Wit Jun14 You buy call, strike 105 You sell put, strike X 100 lots on each leg Cost less package Both legs knock out if WTI Jun14 setttles below $20/bbl on any day during the trade Jun14 ref 97.65 X=90.25 From: Jeffrey Epstein <jeevac ti [email protected]> To: Tazia Smithldb/dbcom®DBAMERICAS. Dale: 03/14/2014 12:29 PM Subject: Re: Zero Cost WTI Collar 101/94.25. Jun spot ref 97.60 (I] we should extend out the strikes 110 88 etc On Fri, Mar 14, 2014 at 12:11 PM, Tazia Smith < wrote: Classification: For internal use only Jeffrey - Current indicative offer on the same June14 zero cost is 101/94.25 WTI Jun14 You buy call, strike 101 You sell put, strike X 100 lots on each leg Cost less package Both legs knock out if WTI Jun14 setttles below $20/bbl on any day during the trade EFTA01192147 Jun14 ref 97.60 X=94.25 Initial Margin: 13% From: Tazia Smith/clbklbcom To: [email protected]. Cc: Vied Sahni/dbldbcom@DBEMEA. Nay Gupta/db/dbcom®OBEMEA. Paul Morris. Vahe Stepanian/db/dbcom®DBAmericas Dale: 03/14/2014 10:07 AM Subject: Zero Cost WTI Collar 101/94.5. spot ref 97.75 ill Classification: For internal use only Good Morning Jeffrey - Crude ticking up this AM as you know, you can add to your risk reversal with the same 101 strike call with a 94.50 indicative sold put (vs. your 93.50 yesterday. Let us know: WTI Jun14 You buy call, strike 101 You sell put, strike X 100 lots on each leg Costless package Both legs knock out if WTI Jun14 setttles below $20/bbl on any day during the trade Jun14 ref 97.75 X=94.50 Initial Margin: 13% TDS EFTA01192148  ICLI.198.70 +.50 ic98.69 /98.70 9x2 Prev 98.20 At 9:56 d Vol 58493 0 98.25 Hi 99.09 Lo 98.06 0 enlni 150876 99 Save As 99 A tons - a e ne Chart imactan mai El °flare MO -7't.C•-a•; . 1M . 6M YTD 1Y SY Max 30 Min • Cf. Security/Study h Event O I 41," ITMCIC f Anhotat6 Nelms 1O, ZOOM I I I 4 105.00 I I I I I I I I I I I I I I 104.00 I I I I I I I I I I I 1 1 1 1 1 103.00 I I I I I I I I I I I I 102.00 I I I I I I I I I I I l l l l l 1 1 I 1 101.00 I I I I I I I I I I I I I • Last Price 98.70 I. -I 100.00 T High on 03/03 10:30 105.11 I I I I I I I floil tin -9- Average 101.75 r r 1 1 1 1 1 1 I Low on 03/12 11:30 97.64 I I I I I I I I I I I I I I I 98.00 • Prey Close I I I 11CK).30 I l l l J J J J J J 1 1 17 18 19 20 21 24 25 26 27 28 03 04 05 06 07 10 11 12 13 14 Feb 2014 Mar 2014 -- Forwarded by Liz SmIthiclb/dbcom on 03/14/2014 09:52 AM --- From: Vanshree Verma/db/dbcom@DBEMEA To: Dale: 03/14/2014 03:53 AM Subject: Markets opening weaker. Kerry and Lavrov meeting today key I KCP Capital Markets (I) Risk aversion continues from yesterday as we approach the weekend. Nikkei -3.3.%, MICEX (Russia) -4%, DAX futures -1% Commodities have remained relatively stable despite the movements in other markets WTI and Gold (charts below) have hardly reacted There is increasing nervousness ahead of Sunday's referendum in Crimea. G7 leaders said they would not recognize the outcome of the referendum, while Russia has maintained that they were prepared to "mirror" any sanctions There were reports of Russian military "training exercises" along the border yesterday Key events to watch today: 1) Russian Foreign minister Sergei Lavrov and US Secy of State John Kerry meet in London. This is a last-ditch effort to de-escalate the situation 2) Central Bank of Russia meeting today at 9:30 where Bloomberg survey expects no change Swaps curve is pricing in over a 100bp hike. How will the central bank react to FX pressures? Ongoing tensions justify a cautious approach into the weekend. Tactically go long 1m WTI Calls 101 ($1) and short DAX EFTA01192149 Russia 5y swap CI [AAA • Last Price 9.3850 I T High on 03/14/14 9.3850 -0- Average 7.2356 1 Low on 08/08/13 6.8600 I-9.0000 0-8.5000 0-8.0000 I-7.5000 1%\‘`Ltr u 0-7.0000 Mar Jun Sep Dec Mar 2013 2014 RRSWMS Curacy (RUB SWAP VS MOSPRIME SYR) Daily 14MAR2013-14MAR2014 Copyright@ 2014 Bloomberg Finance . 14-Mar-2014 07:18:48 WTI Crude Oil future Apr14 • CLJ4 COMB Comdty 98.17 T High on 03/09 22:00 102.82 -9- Average 99.70 1 Low on 03/12 16:01 97.55 • Prey Close 102.58 1 10 11 12 13 14 Mar 2014 CL.34 Comdty (WTI CRUDE FUTURE Apr14) 5 Days Tick Copyright@ 2014 Bloomberg Finance LP. 14-Mar-2014 07:20:45 Gold spot price EFTA01192150  1360 1350 N.M.RON, Cumcy 13k9,2a.. 1340 T High on 03/14 00:01 1376.63 -0- Average 1354.71 1 Low on 03/10 00:56 1328.08 1330 • Prey Close 1339.98 .• 8:0 8: . 14 Mar 2014 mu Curncy (Gold Spot S/Oz) 5 Days Tick Cop/rigid' 2014 Bloomberg Finance . 14-Nr-2014 07:21:58 L Vanshree Verma Deutsche Bank AG. Filiale London Global Client Group 105/108 Old Broad St (Pinners Hall). EC2N lEN London. United Kingdom Email My proposed ideas are being delivered to you by the DeAWM Key Client Partners ("KCP") London desk for discussion purposes only, and do not create any legally binding obligation on the part of Deutsche Bank AG and / or its affiliates ("DB"). These ideas are for the consideration of the intended recipients of this mail only. The KCP London desk does not provide investment advice. All intended recipients 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. PettlinoV Pup-rm. This e-mail may contain confidential and/or privileged information. If you are not the intended recipient (or have received this e-mail in error) please notify the sender immediately and delete this e-mail. Any unauthorized copying, disclosure or distribution of the material in this e-mail is strictly forbidden. Please refer to http://www.db.com/en/content/eu disclosures.htm for additional corporate and regulatory EU disclosures and to http://www.db.com/unitedkingdom/contentlprivacy.htm for information about privacy. 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 EFTA01192151 communication. Any unauthorized copying, disclosure or distribution of the material in this communication is strictly forbidden. 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 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. 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 This communication may contain confidential and/or privileged information. EFTA01192152 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. Deutsche Bank does not render legal or tax advice, and the information contained in this communication should not be regarded as such. EFTA01192153