EFTA01455985

To: Amanda Kirb Cc: Richard Kahn com>, Paul Morris Vahe Date: 10/29/2014 01:39 PM Subject: Re: Part Two - Dodd Frank Initial Margin Segregation Rule - Client Segregation Election Notice [C] Please see attached the signed Election notices for both southern Trust company, Inc. and Southern Financial, LLC. Thank you. DARREN K. INDYKE DARREN K. INDYKE, PLLC 575 Lexington Avenue, 4th Floor New York. New York 10022 [attachment "SHBRK Scann14102912160.pdf' deleted by Ian Hearn/db/dbcom] [attachment "SHBRK Scann14102912170.pdf" deleted by Ian Hearn/db/dbcom] ****************AfrAk**Ahlr****Afr******fekteAfttr*hk*Aft*IthAfellt**********Ate**************Att*Ate*teste****A The information contained in this communication is confidential, may be attorney-client privileged, and is intended only for the use of the addressee. It is the property of Darren K. Indyke, PLLC. Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail, and destroy this communication and all copies thereof, including all attachments. Copyright of Darren K. Indyke, PLLC - 2014 Darren K. indyke, PLLC All rights reserved. defeic*****41VA****IVAA4**Itstriri4ifichlkstric***IVAlt*****Altitic**************44**AfricterkfttrAfrietelkirtri4MtentirlefeleifIr****A. On Oct 21, 2014, at 3:20 PM, Amanda Kirby wrote: classification: confidential Darren/ Rich -- Part two. am reaching out to you in regards to CFTC's ruling on segregated Initial Margin. In November 2013, the CFTC published its final requirements that all swap dealers and major swap participants must notify their clients of their right to require segregation of margin (other than variation margin) for uncleared swap transactions. The new regulation became effective on January 6, 2014 and requires all "new counterparties" of a swap dealer or major swap participant as of this date to comply with the regulation as of May 5, 2014. For market participants that were existing counterparties on or prior to January 6. 2014, the compliance date is November 3, 2014. You have been identified as the Responsible Officer for your organization and are being asked to reply with your organization's election to require or not to require initial margin segregation in accordance with the CFTC Segregation Regime. To avoid potential trading disruptions, please complete the attached document entitled "IM Segregation Election Notice" and return it as soon as possible. For your reference, FAQs are also attached. CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 115027 CONFIDENTIAL SDNY_GM_00261211 EFTA01455985