From: Tazia Smith Sent: 9/11/2014 7:37:56 PM To: jeffrey epstein "eevacation@ mail.coml CC: Paul Morris Subject: Re: Hard Asset Put ICI Classification: Confidential London trader out um: - Monday 9am EST works. Lesley: said that works. OK with you? Tazia Smith Director Key Client Partners - US Deutsche Bank Securities. Inc. Deutsche Asset & Wealth Management 345 Park Avenue - 26th Floor New York. NY 10154 Tel: (212) 434-2889 Mobile: (917) 318-1852 E-m Fax: (646 257-3131 E-mail: From: "Jeffrey E" ljecvacationgginail.coml Sent: 09/11/2014 04:23 PM AST To: Tazia Smith Subject: Re: Hard Asset Put ICI tomorw On Thu, Sep 11, 2014 at 4:21 PM, Tazia Smith --( > wrote: Classification: Confidential Jeffrey - We wanted to get your feedback on a structure that we've used to convert an existing liability into an asset for a qualified client - specifically premium collected by a client for selling a put on an underlying hard asset. In this specific case, it is the property in France that we talked about, but a transportation asset was the underlier of a prior solution and we could foresee this applying to a variety of leveragable assets (art, etc). I know Paul already discussed this with you. This solution potentially works for small subset of qualified clients (qualified from a sophistication and liquidity perspective). Would like to discuss the general structure further with you - will directly link to trader on this or prior transaction. When works to through this together and get your thoughts? Let us know, Tazia & Paul CONFIDENTIAL - PURSUANT TO FED. R. GRIM. P. 6(e) DB-SDNY-0114329 CONFIDENTIAL SDNY_GM_00260513 EFTA01455522