EXHIBIT 103¶
From: To: CC: steven.sonnickQfpfnorgan.com catherine.keating©jpmorgan.com <catherine.keatingejpmorgan.com>;fisa.e.waterepmorgan.com <lisa.e.watersegpmorgan.com>;mary.erdoes©ipmorgan.com mary.erdoes@jpmorgan.com Sent: 2/29/2008 10:23:50 PM Subject: Re: Epstein wants a new L/C? Attachments: pic11827.gif¶
Since we have already done one, I don’t see how we can turn it down.¶
Mary C ‘JPMCHASE¶
Man• C ToMan• E Enloes/JPMCHASE’OPMCHASE. Steven IMIPPMCHASE Sonniek/iPMCHASEii:JPMCHASE. Catherine Keating/JPMCHASE4JPMCHASE 02/29/2008 05:18 PM eeLisa E. Waters/WMCHASEWPMCHASE Subjeedipstein wants a new UC?¶
Sorry for the email late on a Friday — difficult issue — Jeffrey Epstein’s office just called and has asked for a new $1mm letter of credit. As I understand it, we’re weeks away from his court date. Any 1/c issued today will be outstanding for a year. It would be cash collateralized so not a credit issue per se (although we’re awaiting full details of purpose for the l/c). Are we comfortable taking on additional credit exposure just ahead of his pending plea arrangement?¶
I would appreciate your guidance.¶
Mary¶
Mary Managing Director JPMorgan Private Bank 345 Park Ave. New York, NY 10154 tel: (212)464-0374 fax: (212) 464-1912¶
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