From: Ariane Dwyer Sent: 8/25/2015 2:52:32 PM To: Richard Kahn a CC: Darren Indyke Daniel Sabba Vahe Stepanian Paul Morris I I; Stewart Oldfield Subject: Southern Financial Margin Call Attachments: ExposureStatementReport_SOUTHERN FINANCIAL, LLC (8032932)_413614_2015082....xls; Call_SOUTHERN FINANCIAL, LLC (8032932)_413614_20150825123934153.pdf; 182298_20150820_20150821_1.pdf; 182298_20150824_20150825_1.pdf Rich, Please find attached a margin call issued for Southern Financial for $1,680,000. The call can be primarily attributed to the EURUSD Risk Reversals which had a large change in mark-to-market value from Friday's to Monday's close given the EURUSD decline. For additional details please find attached Southern Financial's Valuation Statements since Friday as well as today's Exposure Statement. 1; Please let us know if you would like us to transfer cash from the main account to the margin account, or alternatively, if you would like us to transfer AAPL shares. Best, Ari Ariane Dwyer Analyst I Key Client Partners - US Deutsche Bank Securities Inc Deutsche Asset 8 Wealth Management 345 Park Avenue. 26 New York. NY.10154-CCO4 Tel. Ema. PAssio-Kita PelitYnt This communication may contain confidential and/or privileged information. If you are not the intended recipient (or have received this communication in error) please notify the sender immediately and destroy this communication. Any unauthorized copying, disclosure or distribution of the material in this communication is strictly forbidden. Deutsche Bank does not render legal or tax advice, and the information contained in this communication should not be regarded as such. CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0044842 CONFIDENTIAL SDNY_GM_00191026 EFTA01357884