EFTA Document EFTA01432531

Subject: Fw: Trade Recap - 01/13/2014 - DB Sells $10mm FEDERATIVE REPUBLIC OF BRAZIL 20-Mar-2020 CDS @ 205 with SOUTHERN FINANCIAL LLC (live) [C] From: Paul Morris Date: Tue, 13 Jan 2015 14:34:22 -0500 To: Stewart Oldfield 5 > Classification: Confidential Original Message From: Daniel Sabba Sent: 01/13/2015 01:42 PM EST To: [email protected] Cc: Paul Morris; Vahe Stepanian Subject: Trade Recap - 01/13/2014 - DB Sells $10mm FEDERATIVE REPUBLIC OF BRAZIL 20-Mar-2020 CDS @ 205 with SOUTHERN FINANCIAL LLC (live) [C] Classification: Confidential Jeffrey, per our phone conversation, Southern Financial LLC entered into the following credit default swap with Deutsche Bank AG, acting through its London branch. Southern Financial bought default protection from DB. The Initial Margin on this trade is 1% of Notional. Official confirm to follow. BraSov default swap FEDERATIVE REPUBLIC NOTIONAL TRADE DATE IM% EFFECTIVE TERMINATION REF OB CREDIT EVENTS ISDA Definition PRICE UPFRONT FEE STANDARD TRADE HARDWIRING CLEARING HOUSE with SOUTHERN FINANCIAL LLC DB Sells default protection on OF BRAZIL : USD 10,000,000 : 13-Jan-2015 : 1 : 14-Jan-2015 : 20-Mar-2020 : BRAZIL 12.25% OF 03/30 ISIN: US105756AL40 : Failure to Pay, R, Repudiation/Moratorium : 2014 : 205 bps per annum (COUPON: 100 bps per annum) : DB Receive USD 491,941 : Yes : Yes : No Trade details: (Embedded image moved to file: pic28601.gif) Thank you for the trade, Daniel Daniel Sabba Key Client Partners Deutsche Bank Securities Inc. Tel. Mobile Email EFTA01432531