From: Tazia Smith <
To: jeevacation@gmail.com
Cc: Paul Morris Nav Gut ta , Vinit Sahni
Vahe Stepanian
Subject: Ruble binary update [C]
Date: Tue, 18 Mar 2014 13:11:15 +0000
Inline-Images: unnamed
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/db/dbcom on 03/18/2014 09:04 AM ---
From: Tazia Smithldbldbcom
To: "'tem epstein" <jeevacation@gmail.com>,
Cc: e
"VinitSahni "Paul Morri . WW1 Kahn"
. "Jean Anne Wiebracht °Banter
Date: 03/13/2014 10:51 AM
Subject: Trade Report 3113/14 - Ruble binary IC]
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
BuySellClient Buys
CurrencylUSD
CPCaII
Notional11,000,000
Currency2RUB
Strike37.595
ZoneCutMO: 12:30 hours (Local time in Moscow) 09:30 hours London time
ExpiryDateMon 14 April 2014
SenlementDateTue 15 April 2014
FixingReferenceCME/EMTA
Premium257,000
PremiumTermsUSD
PremiumDateFri 14 March 2014
EFTA00870603
Tazia Smith
Director
Key Client Partners - US
Deutsche Bank Securities, Inc.
Deutsche Asset & Wealth Management
345 Park Avenue - 26th Floor
New York- NY 1 1 4
Tel:
Mo
Fax
From: Tazia Smith
Sent: 03/13/2014 10:32 AM EDT
To: "Jeffrey epstein" leevacation@gmail.com>
Subject: Re: [C]
Classification: Confidential
Ok on it
Tazia Smith
Director
Key Client Partners - US
Deutsche Bank Securities, Inc.
Deutsche Asset & Wealth Management
345 Park Avenue - 26th Floor
New
Tel:
Mo
Fax:
E-m
From: Jeffrey Epstein [jeevacation@gmail.com]
Sent: 03/13/2014 10:15 AM AST
To: Tazia Smith
Subject: Re: [C]
do nay trade
On Thu, Mar 13, 2014 at 9:24 AM, Tazia Smith 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).
EFTA00870604
vanilla calls for comparison,
Imth 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 time of expiry.
Tazia Smith
Director
Key Client Partners - US
Deutsche Bank Securities, Inc.
Deutsche Asset & Wealth Management
345 Park Avenue - 26th Floor
Ne
Tel:
Mo
Fax
E-
From: Jeffrey Epstein [jeevacation® ail com
Sent: 03/13/2014 08:10 AM AST
To: Tazia Smith; Paul Morris
ruble short . lets play
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