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 with SOUTHERN FINANCIAL LLC DB Sells default protection on FEDERATIVE REPUBLIC OF BRAZIL NOTIONAL

terest: 1 month libor (42 basis points) + 75 basis points (settlement will be quarterly) Open Points that need your guidance 4) Collateral: 35% of Notional (assume aapl 97 x 250,000 = 24,250,000 x 35% = 8,487,500 -> DB asked for cash and i proposed using stock which would require 2x or 16,975,000 -> si

00%. Initial strike on both transactions to be commercially reasonable VWAP until today's close. The Initial Margin on these transactions is 30% of Notional. Termsheet and official confirm to follow. Total Return Swap: Swap Seller: DB Swap Buyer: Southern Financial LLC Ticker: TWTR Size: 100,000

,928) NET UNREALIZED LOSS TWTR AS OF 6/29 (37,342) CALCULATION TWTR Stock 5-27 TWTR Stock 6-29 Reduction in Price 36.41 34.21 2.20 x 100,000 Notional = 220,000 EFTA00852505 Interest CALCULATION 100,000 Notional x TWTR Spot as of 5-27-2015 36.41 3,641,000 Notional for Interest Calculation 3,64

n Financial went long DB Commodity WTI Short Volatility II Index. Initial strike to be set at close today. The Initial Margin on this trade is 5% of Notional. Official termsheet and confirm to follow. EFTA00860050 Trade recap: OTC index swap Buyer: SOFL Seller: DBAG London Underlying: DB Commodi

t Reset Date ] • Discount Factor — Bid/Offer Cost If this number is negative, then SOFL will pay the absolute value of this number. EFTA00860054 Notional: $10,000,000 Strike: 255.8709 Last Reset Date: 31 Mar 2015 Index closing level on Last Reset Date: 243.5748 Discount Factor: Discount factor betw

100%. Initial strike on both transactions to be commercially reasonable VWAP until today's close. The Initial Margin on these transactions is 30% of Notional. Termsheet and official confirm to follow. EFTA00865582 Total Return Swap: Swap Seller: DB Swap Buyer: Southern Financial LLC Ticker: TWTR

n Financial went long DB Commodity WTI Short Volatility II Index. Initial strike to be set at close today. The Initial Margin on this trade is 5% of Notional. Official termsheet and confirm to follow. Trade recap: OTC index swap Buyer: SOFL Seller: DBAG London Underlying: DB Commodity WTI Short Vol

Financial went long DB Commodity WTI Short Volatility II Index. Initial strike to be set at close today. The Initial Margin on this trade is 5% of Notional. Official termsheet and confirm to follow. Trade recap: OTC index swap Buyer: SOFL Seller: DBAG London Underlying: DB Commodity WTI Short Vol

se see below from what I could find in my records of sending to you. Average is +1.7% in notional terms and +81% in premium terms. Date Trade PA. (Notional) PA_ (Premium) 2/2/2017 Buy EEM June 39 calls for $1.03 -flat —flat 2/2/2017 Buy FXI June 38 calls for $1.10 -flat —flat 2/1/2017 Buy 3m 9

spreads. Details as follows: 6m JPY/KRO Forward Ref = 9.5350 Leg 1: European Option Call SOFL buys European JPY Call on JPY/KRO Strike: 9.4538 Notional: JPY 1,200,000,000 (or —$10mm) Expiry: Thu 28-Apr-2016 (6m) Leg 2: European Option Call SOFL sells European JPY Call on JPY/KRO Strike: 10.39918

n Financial went long DB Commodity WTI Short Volatility II Index. Initial strike to be set at close today. The Initial Margin on this trade is 5% of Notional. Official termsheet and confirm to follow. EFTA00670830 Trade recap: OTC index swap Buyer: SOFL Seller: DBAG London Underlying: DB Commodi

28 5Y, Commodity Options MTM s0 ($19.518)a Total Return Sw Trade Date Effective Date Maturity Date Underlying Shares Rate Spread (bps) Notional Accrued Interest Paid Entry Price (Local) ff Dividends Earned Conant Price (Local) MIM 31-Jan.13 3-Feb-13 18-Mar-13 18-Mar-13 5-Feb-14

Bond sold at market to Investor / DB Street ii. DB receives $65mm' iii. Investor receives residual $$ Deutsche Bank Tax-exempt Bond 6% on 100mm Notional $6mm Coupon 2 $ 3.725 Coupon 2 Investor Puts in $35 MM KCP Investor .4 B Certificate 35MM Notional @10.64% Trust buys 100mm Bond MTM

100%. Initial strike on both transactions to be commercially reasonable VWAP until today's close. The Initial Margin on these transactions is 30% of Notional. Termsheet and official confirm to follow. Total Return Swap: Swap Seller: DB Swap Buyer: Southern Financial LLC Ticker: TWTR Size: 100,000

spreads. Details as follows: 6m JPY/KRO Forward Ref = 9.5350 Leg 1: European Option Call SOFL buys European JPY Call on JPY/KRO Strike: 9.4538 Notional: JPY 1,200,000,000 (or —$10mm) Expiry: Thu 28-Apr-2016 (6m) EFTA00631068 Leg 2: European Option Call SOFL sells European JPY Call on JPY/KRO St

ichard Classification: Confidential Jeffrey, Please see below MCD ly Vols —they are much lower than LNKD or TWTR. IA on this trade would be 25% of Notional. The indications below work for $5mm notional. McDonalds 1y 100% vol Southern Financial longs MCD through ly TRS: • SF pays 1mL+75bps to receive

100%. Initial strike on both transactions to be commercially reasonable VWAP until today's close. The Initial Margin on these transactions is 30% of Notional. Termsheet and official confirm to follow. Total Return Swap: DB Southern Financial LLC TWTR 100,000 shares 1/27/2016 1mL+ 75bps Swap Seller:

n Financial went long DB Commodity WTI Short Volatility II Index. Initial strike to be set at close today. The Initial Margin on this trade is 5% of Notional. Official termsheet and confirm to follow. Trade recap: EFTA00670640 OTC index swap Buyer: SOFL Seller: DBAG London Underlying: DB Commodi

or for an individ- ual who has performed, is to perform, or may be designated as the one to per- form. the services called for under the contract. Notional principal contract Income. Certain payments attributable to a notional principal contract are not subject to NRA withholding re- gardless of whethe