From: Jeffrey Epstein <jeevacation@gmail.com>
Sent: Friday, January 24, 2014 4:09 PM
To: Vahe Stepanian
Subject: Re: CAD Trade Premium [C]

gtreat

On Fri, Jan 24, 2014 at 11:48 AM, Vahe Stepanian <█████████████████████████ <mailto██████████████████████ > wrote:

## Classification: Co=fidential

Standing instructions are easier. I'll work with Darren and Harry to se= that up. Thank you for your quick response.

Vahe

From: Jeffrey Epstein <u><'eevacation®</u> <u>mail.comq.»</u>
To: Vahe Stepanian
Date: 01/24/2014 10:40 AM
Subject: Re: CAD Trade Premium [C]

standing instructions or a balance kept there whate=er easier

On Fri, Jan 24, 2014 at 10:56 AM, Vahe Stepanian <<font>vahe.stepanian@db.com <mailto:vahe.stepanian@db.com> > wrote:
Classification: Confidential

Jeffrey,

Following up conversations with both Harry and Darren (CC'ed). Attached is a letter of authorization (LOA) for your signature to wire USD to DB London to cover the premium on last week's CAD trade.

## The reason for the LOA:

For FX (and many other OTC trades), DB AG London will be your counterpar=y. So, when there is premium paid, that money needs to go from your DB NY account to DB AG London.

## The reason for the LOA: (cont.)

(a) We can set up standing instructions:

A standing LOA from your DB NY account to DB London can be set up. We can make these instructions require your (or Harry/Jeanne's) verbal con=irmation before any money moves (this can be done upon trade). This will avoid an LOA needing to be signed for every trade. You (or Harry) will still need to sign OTC confirms (standard).

Or

(b) You (or Harry/Jeanne) can sign an LOA for each relevant trade

Please let us know which you prefer.

Thank you,
Vahe

Vahe Stepanian
Associate I Wealth Investment Coverage

Deutsche Bank Securities Inc.

Deutsche Asset & Wealth Management

345 Park Avenue - 26th Floor

New York, NY 10154-0004

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## The reason for the LOA: (cont.)

communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation@gmail.c=m <mailtoieevacation@gmail.co=> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved

This communication may contain confidential and/=r privileged information. If you are not the intended recipient (or have received this communication<=r> in error) please notify the sender immediately and destroy this communication. Any unauthorized copying, disclosure or distribution of thear> 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.

******

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The information contained in this commun=cation is confidential, may be attorney-client privileged, may constitute inside i=formation, 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 unla=ful. If you have received this communication in error, please notify us=immediately by return e-mail or by e-mail to jeevacation@gmail.com <mailto:jeevacat=on@gmail.com> , and destroy this communication and all copies thereof, including all attachm=nts. copyright -all rights reserved