EPSTEIN
page 5 / 351 . OCR, unverified
with very reasonable bid offers.
All FX we do is OTC except bits and pieces, so yes we need the ISDA and to double check you guys are up and
running in the systems with all the extra dots we might need. We are working to it as quick as we can.
Thanks
Xavier
--Original Messa e---
From: Paul Barrett
Sent: Friday, September 22, 2017 08:15 AM Eastern Standard Time
To: Martin Zeman
Cc: Vahe Stepanian; Stewart Oldfield; Xavier Avila; Joshua Shoshan; Davide-A Sferrazza
Subject: Re: (/) FX Trade idea: Time to buy USDJPY FVA? [C]
Looks interesting.
Please clarify how DB looks at these. We assign a $ value per point with a linear payout in lyrs time?
ISDA required?
Paul
B aer
lm
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e)
DB-SDNY-0088968
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ly2y Forward Volatility is at the lows and so is vol carry
<image011.png> <image012.png>
Sources: Deutsche Bank, Bloomberg finance L.P.
Disclaimer: httn://alabalmorkets.db,cominewicontent/3045,0mi
<imagc00 I gif>
Martin Zeman
Director I Key Client Partners
Deutsche Bank Wealth Management
DB Semsities Inc
345 Park Avenue, 10154-0CO4 New York, NY. USA
Tel.
Mob
Ema
KCP products and services are intended and available only for persons who are sophisticated institutional investors within the
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—
Implied Volatility
Implied Volatility- ly ago
—
Implied Volatility- 3y ago
Spot realised Vol ati
—
Em realised Volatility- Fwd
3m realised Volatility- Fwd
Derr 17
Aug-19
Mar-21
Nov.22
Jun-24
Feb-16
ec-27
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From:
Vahe Stepanian
Sent:
11/19/2015 10:57:13 AM
To:
Jeffrey Epstein 'eevacation
mail coml
CC:
Daniel Sabba
' Ariane Dw er
Paul Morris I
I;
Stewart Oldfield (
]-
Subject:
RE: (No Subject) [C)
Classification: Confidential
Jeffrey - I'm following up with indicative pricing on the one touch, digital put options on the SPX index. To be clear, the
options below are continuous observation — therefore, if at any point between inception and maturity the underlying
touches the relevant strike, you will receive 100% payout.