FW: Trade Report 7/2/2015 [SC (Vahe Stepanian sz, 02 Jul 2015)

Subject: FW: Trade Report 7/2/2015 [SC] From: Vahe Stepanian sz: > Date: Thu, 02 Jul 2015 15:46:28 -0400 To: Richard Kahn Cc: Paul Morris < Stewart Oldfield Daniel Sabba Ariane Dwyer Classification: Strictly Confidential Rich - as per terms of the Credit Support Annex (CSA) between Deutsche Bank and Southern Financial, the IA for the transactions listed below is 7% of the delta of the short call options. Between both transactions, this adds up to be $1,748,250. Calculations are as fo