EFTA01380022

To: Stewart Oldfield < Subject: Southern Financial OTC trade on the books Stew, Southern Financial LLC (account ) holds EUR 2.5mm face of COFP 4.407 08/06/19: TRADE DATE QUANTITY DESCRIPTION CUSIP MARKET PRICE (POSITION CCY) POSITION VALUE (POSITION CCY) FX RATE (TO USDE) POSITION VALUE (USDE) TYPE 2,500,000.0000 CASINO, GUICHARD-PERRACHON SA ISIN#FR0011301480 4.407% 08/06/19 REG DTD 08/03/12 N/C F1413LCN4 99.6200 2.441500.00 1.14070 2.840,91.3 35 CORPORATE We executed a EURUSD forward (v/d 06 Aug 19) that is still on the books. MtM is $87k in favor of client, per latest valuation statement: <image004.jpg> Southern Financial LLC (account from dividends as collateral for OTC trades: holds 100k shares of AAPL and some cash TRADE DATE QUANTITY SYMBOL DESCRIPTION CUSIP MARKET PRICE (POSITION CCY) POSITION VALUE (POSITION CCY) FX RATE (TO USDE) POSITION VALUE (USDE) TYF 100.000.0000 73,091.3300 AAPL DBDA APPLE INC COM INSURED DEPOSITS PROGRAM 037833100 PER980411 175.4600 1.0000 ' I ',46.000N 7.1,,(191.zz 100(x10 1.000(X) ‘ ;.0,)1 z F.Q( MC FUN Client would need to unwind the FX hedge, at which point we could consolidate the Southern Financial LLC assets (i.e. move assets from the collateral account to the main trading account). Regards. Davide <image001.gif> Davide Sierra/to Associate Investments & Trading Institutioikil Wealth Partners Deutsche Bank Securities Inc. Deutsche Bank Wealth Management 345 Park Avenue, 24th Floor New Y tic NY 10154. USA Tel. CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0078085 CONFIDENTIAL SDNY_GM_00224269 EFTA01380022