Subject: RE: Southern Financial - IA Request [I]

EFTA01417317 Dataset 10 7 pages Download original PDF Download as text
Subject: RE: Southern Financial - IA Request [I] From: Vahe Stepanian < M> Date: Wed, 29 -0400 To: Andrew Xu Roddy Moore Cc: Daniel Sabba Keith Buckholz Stewart Oldfield Classification: For internal use only The client would still go long multiple CUSIPs — in other words, he would still be diversified because he wouldn't be buying $20mm in just one or two names. Would you be more comfortable if we agreed upon a minimum number of CUSIPs as it relates to the $20mm notional? Best, Vahe From: Andrew Xu Sent: Wednesday, June 29, 2016 9:38 AM To: Vahe Stepanian; Roddy Moore Cc: Daniel Sabba; Keith Buckholz Subject: RE: Southern Financial - IA Request [I] Classification: For internal use only No that doesn't work. The basket creates diversity which helps your client. Individual TRS on each stock doesn't do that. Andrew Xu, CFA From: Vahe Stepanian Sent: Wednesday, June 29, 2016 8:34 AM To: Andrew Xu; Roddy Moore Cc: Daniel Sabba; Keith Buckholz EFTA01417317 Subject: RE: Southern Financial - IA Request [I] Classification: For internal use only Andrew — quick follow up question. Global Markets informed us this AM that it isn't operationally feasible to execute the basket of preferreds as one Total Return Swap. Instead, the client would need to trade an individual TRS on each CUSIP in the basket. With that said, would the IA remain 40% for each TRS? Best, Vahe From: Andrew Xu Sent: Tuesday, June 28, 2016 1:19 PM To: Vahe Stepanian; Roddy Moore Cc: Daniel Sabba; Keith Buckholz Subject: RE: Southern Financial - IA Request [I] Classification: For internal use only Ok thanks. I'm satisfied on our end. Andrew Xu, CFA From: Vahe Stepanian Sent: Tuesday, June 28, 2016 1:17 PM To: Andrew Xu; Roddy Moore Cc: Daniel Sabba; Keith Buckholz Subject: RE: Southern Financial - IA Request [I] EFTA01417318 Classification: For internal use only Andrew — just in the brokerage accts there are > $100mm in assets. Thank you, Vahe EPSTEIN SOUTHERN FINANCIAL LLC 6100 RED HOOK QUARTER B3 ST THOMAS VI 00802 98,610,505.00 EPSTEIN THE HAZE TRUST UAD 02/09/99 JEFFREY EPSTEIN & DARREN K INDYKE TTEES 6100 RED HOOK QUARTER B3 ST THOMAS VI 00802 41,108,732.17 EPSTEIN SOUTHERN TRUST COMPANY INC 6100 RED HOOK QUARTER B3 ST THOMAS VI 00802 7,668,026.80 EPSTEIN JEEPERS INC 6100 RED HOOK QUARTER B3 ST THOMAS VI 00802 7,108,576.30 EFTA01417319 EPSTEIN J EPSTEIN VIRGIN ISLANDS FOUNDATION INC 6100 RED HOOK QUARTER B3 ST THOMAS VI 00802 1,367,641.87 EPSTEIN JEFFREY EPSTEIN 6100 RED HOOK QTRS STE B-3 ST THOMAS VI 00802-1348 667,218.67 From: Andrew Xu Sent: Tuesday, June 28, 2016 1:04 PM To: Vahe Stepanian; Roddy Moore Cc: Daniel Sabba; Keith Buckholz Subject: RE: Southern Financial - IA Request [I] Classification: For internal use only I'm ok with the 3/31. Do we have a bank / brokerage statement? How much assets they have with us? If they have a lot I don't need an updated one. Andrew Xu, CFA From: Vahe Stepanian Sent: Tuesday, June 28, 2016 11:21 AM To: Andrew Xu; Roddy Moore EFTA01417320 Cc: Daniel Sabba; Keith Buckholz Subject: RE: Southern Financial - IA Request [I] Classification: For internal use only Thanks Andrew. For the caveat - we received updated financials which were sent over to your team as of 3/31/16 (01) - will forward under separate cover. Per the agreed ISDA amendment (attached), the client has 10 business days from the end of the relevant calendar quarter to deliver updated financials. Let us know if the caveat still applies? As of now the client has enough cash in house to meet the IA requirement — we can revisit if he wishes to post other assets. Best, Vahe From: Andrew Xu Sent: Tuesday, June 28, 2016 11:00 AM To: Vahe Stepanian; Roddy Moore Cc: Daniel Sabba; Keith Buckholz Subject: RE: Southern Financial - IA Request [I] Classification: For internal use only Hi Vahe, We can do 40% IM for this trade. Caveat, we need updated financials and brokerage statements. Additionally we need to discuss what type of collateral they are going to post. If non standard we should talk now, but if standard(cash, munis, treasuries) we have no issues. EFTA01417321 Thank you. Andrew Xu, CFA From: Vahe Stepanian Sent: Tuesday, June 28, 2016 8:24 AM To: Roddy Moore; Andrew Xu Cc: Daniel Sabba Subject: RE: Southern Financial - IA Request [I] Classification: For internal use only Roddy / Andrew — please let us know. Best, Vahe From: Vahe Stepanian Sent: Monday, June 27, 2016 11:44 AM To: Roddy Moore; Andrew Xu Cc: Daniel Sabba Subject: Southern Financial - IA Request [I] Classification: For internal use only Roddy/Andrew — Southern Financial has indicated that they would like to enter into a TRS on the attached basket of preferreds. The total notional size would be $20mm and assume ly tenor. What would be the required IA for the attached basket? EFTA01417322 Thank you, Vahe Vahe Stepanian Key Client Partners Deutsche Bank Securities Inc. Tel. Mobi e Email EFTA01417323

📷 Images in this document (7 detected; 6 largest described)

AI-generated factual descriptions of embedded images (llava:13b). These are searchable across the corpus.

[Image 1] The image shows a scanned document, which appears to be an email. The email is from a sender named "Andy" to a recipient named "Sebastian." The subject line of the email reads "Re: Southern Financial." The body of the email contains a message that includes a statement about the classification for internet use, followed by a request for a specific number of shares. The email also includes a note ab [Image 2] The image appears to be a screenshot of an email conversation. The email is from "Keith Budowitz" to "Andrea" and is dated "Fri, 20 Jun 2002 10:19 AM." The subject line reads "Re: Request." The body of the email contains a message that seems to be a request for information or assistance, followed by a response from "Andrea" indicating that the information is not available. The email is written in [Image 3] The image shows a text document with a header that reads "Subject: Southern Financial - A Request #3." Below the header, there are several lines of text, which appear to be part of an email or a letter. The text includes a salutation, a request for information, and a closing. The document is a digital scan or a photograph of a printed page. The visible text includes names, dates, and a reference t [Image 4] The image shows a text message on a computer screen. The message is a professional email exchange. The sender is requesting information about a specific topic, and the recipient is providing a response with details and instructions. The text includes a subject line, a message body, and a signature block. The message is formal in tone and appears to be related to a business or organizational contex [Image 5] The image appears to be a screenshot of an email conversation. The email is from a sender named "Andrew A. Ajayi" to a recipient named "Andrew A. Ajayi." The email is dated "June 26, 2015" and includes a subject line that reads "Re: Request for a bank statement." The body of the email contains a message that seems to be a request for a bank statement, but the specific details are not fully visible [Image 6] The image shows a text document with a header that reads "Classification: For internal use only." Below the header, there is a list of items with corresponding numerical codes and descriptions. The items listed include "ESTEPSTEN," "ESTEPSTEN," "ESTEPSTEN," "ESTEPSTEN," "ESTEPSTEN," "ESTEPSTEN," "ESTEPSTEN," "ESTEPSTEN," "ESTEPSTEN," "ESTEPSTEN," "ESTEPSTEN," "ESTEPSTEN," "ESTEPSTEN," "ESTEPSTEN,"