From: "Jeffrey E." <[email protected]>

From: "Jeffrey E." <[email protected]> To: Richard Kahn Subject: Re: Southern Financial Margin Call Date: Tue, 25 Aug 2015 19:14:22 +0000 shares On Tue, Aug 25, 2015 at 2:56 PM, Richard Kahn < > wrote: please advise if we should transfer cash or apple shares for margin call of 1,680,00 thank you Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New 22 tel cel Begin forwarded message: From: Ariane Dwyer < Subject: Southern Financial Margin Call Date: August 25, 2015 at 2:52:32 PM EDT To: Richard Kahn < Cc: Darren Ind ke < >, Daniel Sabba < >, "Vahe Stepanian" >, Paul Morris < >, "Stewart Oldfield" Rich, Please find attached a margin call issued for Southern Financial for $1,680,000. The call can be primarily attributed to the EURUSD Risk Reversals which had a large change in mark-to- market value from Friday's to Monday's close given the EURUSD decline. For additional details please find attached Southern Financial's Valuation Statements since Friday as well as today's Exposure Statement. Please let us know if you would like us to transfer cash from the main account to the margin account, or alternatively, if you would like us to transfer AAPL shares. EFTA00847885 Best, Afi Mane Dwyer Analyst I Key Client Partners - US Deutsche Bank Securities Inc Deutsche Asset & Wealth Management 345 Park Avenue. 26 New York. NY. 10154-0004 Tel. Email 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. please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE 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 EFTA00847886 return e-mail or by e-mail to [email protected], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA00847887