Kind regards, <i mage002.png> Monika Valantiejute GM Project Merctay Deutsche Bank ; ; r treet, toedon, EO \I 2DI1 From: Xavier Avila Sent: 01 March 2018 19:25 To: lain Macara ; Rita Shteynberg ; Jitan Patel Mathew Negus ; GM ACO •M ) Cc: Nina Tona < ; Alastair Mackinlay Martin Zeman Davide-A Sferrazza Subject: RE: SF [I] GM ACO, can you pls let us know what the issue is? We have a client trying to execute a transaction. Thanks From: lain Macara Sent: Thursday, March 01, 2018 11:48 AM To: Xavier Avila • Rita Shteynberg >; Mathew Negus ; Alastair Mackinlay ; Davide-A Sferrazza ; GM ACO ; Jitan Patel : Martin Zeman Subject: RE: SF [I] Gm ACO — can you liaise with central merc and establish the CIB colour on the rhp below? thx From: Xavier Avila Sent: 01 March 2018 16:08 To: lain Macara e>; Rita Shteynberg ; Jitan Patel ‹~M>, Mathew Negus Cc: Nina Tona ; Alastair Mackinlay Elm~IMIIII~; Martin Zeman ; Davide-A Sferrazza Subject: SF Ian, thanks for the call. So Rita who is the Case Manager seems to suggest that she sees Southern Financial Red and therefore we cannot extend it to Credit Derivatives, while we think we should see this Green from a KCP perspective. CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0043535 CONFIDENTIAL SDNY_GM_00189719 EFTA01357159