EFTA01472403

Subject: FW: Margin Call from DEUTSCHE BANK AG (157) to SOUTHERN FINANCIAL, LLC ( ) for USD 38 0,000.00 (I) From: Vahe Stepanian Date: Mon, 23 Feb 2015 14:48:55 -0500 To: Paul Morris <I >, Amanda Kirby Cc: Daniel Sabba Classification: For internal use only Fyi... Original Message From: Roddy Moore Sent: Monday, February 23, 2015 2:44 PM To: Ariane Dwyer; Vahe Stepanian Cc: Daniel Sabba; Troy-D Williams; Andrew Xu Subject: RE: Margin Call from DEUTSCHE BANK AG (157) to SOUTHERN FINANCIAL, LLC ( ) for USD 38 0,000.00 (I) Classification: For internal use only Confirmed. The dynamic margin requirement is still being fed from upstream and is effectively doubl e counting what's required. We'll get it fixed, but it may take a couple days. Roddy Moore Credit Risk Management Deutsche Asset 6 Wealth Management (P) Original Message From: Ariane Dwyer Sent: Monday, February 23, 2015 2:42 PM To: Vahe Stepanian Cc: Daniel Sabba; Troy-D Williams; Roddy Moore; Andrew Xu Subject: RE: Margin Call from DEUTSCHE BANK AG (157) to SOUTHERN FINANCIAL, LLC ( ) for USD 38 0,000.00 (I) Classification: For internal use only Hi Vahe, I just spoke with Roddy and he confirmed the margin call was erroneous and they are in the process o f fixing the error. Roddy - can you please confirm? Best, Ari Original Message From: Vahe Stepanian Sent: Monday, February 23, 2015 10:30 AM To: Roddy Moore; Andrew Xu Cc: Daniel Sabba; Troy-D Williams; Arians Dwyer Subject: RE: Margin Call from DEUTSCHE BANK AG (157) to SOUTHERN FINANCIAL, LLC ( ) for USD 38 0,000.00 (I) Classification: For internal use only Roddy - following up on the below, I would like to square this away. Can you please let me know if there is a discrepancy in your systems per my conversation last week w ith Andrew? If not, can you please specify what triggered the initial margin call? It wasn't clear from the valuation reports, and the client will request details when we reach out to him. Thank you, Vahe Original Message From: Roddy Moore Sent: Friday, February 20, 2015 4:06 PM To: Vahe Stepanian; Andrew Xu Cc: Daniel Sabba; Troy-D Williams Subject: RE: Margin Call from DEUTSCHE BANK AG (157) to SOUTHERN FINANCIAL, LLC 0,000.00 (I) ) for USD 38 EFTA01472403 Classification: For internal use only What potential discrepancy do you see? Roddy Moore Credit Risk Management Deutsche Asset 6 Wealth Management (P) Original Message From: Vahe Stepanian Sent: Friday, February 20, 2015 3:40 PM To: Andrew Xu Cc: Roddy Moore; Daniel Sabba Subject: FW: Margin Call from DEUTSCHE BANK AG (157) to SOUTHERN FINANCIAL, LLC ( ) for USD 38 0,000.00 (I) Classification: For internal use only Just making sure you saw this. Haven't reached out to the client yet as I'm waiting to hear back fro m CMV RE: the potential discrepancy. Thanks, Vahe Original Message From: Paul Morris Sent: Friday, February 20, 2015 1:52 PM To: Vahe Stepanian; Daniel Sabba Subject: Fw: Margin Call from DEUTSCHE BANK AG (157) to SOUTHERN FINANCIAL, LLC ( ) for USD 38 0,000.00 (I) Classification: For Internal Use Only Original Message From: CMNY Margin Sent: Friday, February 20, 2015 10:42 AM To: Paul Morris; Amanda Kirby; Kevin Quinn; Tazia Smith; CRM-PWM Derivatives Subject: Margin Call from DEUTSCHE BANK AG (157) to SOUTHERN FINANCIAL, LLC ( 0.00 ) for USD 380,00 Please find attached: Margin Call from DEUTSCHE BANK AG (157) to SOUTHERN FINANCIAL, LLC ( ) for USD 380,000.00 This email has been sent by DEUTSCHE BANK AG (157). Please look at the following attachments EFTA01472404