EFTA Document EFTA01420777

Subject: Southern From: Jj Litchford Date: Fri, 09 Oct 2015 12:48:38 -0400 To: Stewart Oldfielcr, Paul Morris Classification: For internal use only Southern Trust is wiring in $15MM today so I took it as an opportunity to look through their accounts this morning (at Paul's suggestion). Their brokerage currently has $8MM with a few things it may be interesting to consider/ start some dialogue around: 1) They have $1.3MM sitting in a money market fund 2) They hold $2MM in Venezuelan debt set to mature later this month (on 10/28) 3) One bond pays dividends in GBP so they have 175K in GBP All together, that is —$3.6MM that will be investible and we could use to pitch ideas. Thought this might get the ball rolling... {cid:[email protected]} JJ Litchford Associate Banker Deutsche Bank Trust Company Americas Deutsche Asset & Wealth Management 345 Park Avenue, 24th Floor New York, New York 10154 Tel. Mobile Email {cid:[email protected]} EFTA01420777