From: Richard Kahn <

From: Richard Kahn < To: "jeffrey E." Subject: Fwd: AAPL TRS [C] Date: Fri, 08 Jan 2016 21:52:47 +0000 Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York, NY 10022 tel fax eel Begin forwarded message: From: Vahe Stepanian Subject: AAPL TRS [C] Date: January 8, 2016 at 4:52:00 PM EST To: Richard Kahn < Cc: Paul Morris < >, Daniel Sabba Classification: Confidential Rich — we posed the collateral question to our credit team per our conversation. , Ariane Dwyer They're open to SFLLC posting equities (other than AAPL shares) as IA for the AAPL TRS transaction. However, our credit team will need to run a correlation analysis and approve the proposed mix of collateral. Please provide us a detailed list of the proposed equities (including sizes) that would be posted and we will send it along to our credit team for analysis. Note that the credit team's approval will need to be granted before transacting if posting equities as IA for the AAPL TRS. Please give us a call if you have questions. Thank you, Vahe Vahe Stepanian Assistant Vice President I Key Client Partners Deutsche Bank Securities Inc. Tel. Mo Email All trade execution information contained herein is being provided as an accommodation at your request in advance of your receipt of the official trade confirmation(s). Additional trade detail information available upon request. The terms of EFTA00711607 the trade(s) may be subject to change prior to settlement, and therefore the official trade confirmation(s) and account statements issued by Deutsche Bank shall govern. Deutsche Bank is not responsible for any discrepancy between the informal execution report and the official trade confirmation(s) or account statements. This communication may contain confidential and/or privileged information. If you are not the intended recipient (or have received this communication in error) please notify the sender immediately and destroy this communication. Any unauthorized copying, disclosure or distribution of the material in this communication is strictly forbidden. Deutsche Bank does not render legal or tax advice, and the information contained in this communication should not be regarded as such. EFTA00711608