From: Vahe Stepanian Sent: 6/29/2015 4:16:07 PM CC: Daniel Sabba - Stewart old field Ariane Dwyer To: Paul Morris field i Subject: SFLLC Call - 6/29/2015 [II Classification: For Internal use only Paul / Stewart — we spoke to Southern Financial twice today. He provided the following feedback as it relates to the EUR/USD digital risk reversals we showed today: 1) He believes EURUSD is going to parity - he's not concerned with the sold call leg of trade. 2) Since he's not worried about sold call leg, he'd rather trade a plain vanilla risk reversal instead of a digital risk reversal 3) He would like pricing for 3m and 6m premium neutral risk reversals, with 1.07 strike on put leg and solving for call strike. Size is 100mm EUR notional. 4) We will send to SF shortly. Thank you, Vahe Vahe Stepanian Assistant Vice President I Key Client Partners Deutsche Bank Securities Inc. Tel. Mobile Email All trade execution information contained herein is being provided as an accommodation at your request in advance of your receipt of the official trade confirmation(s). Additional trade detail information available upon request. The terms of the trade(s) may be subject to change prior to settlement, and therefore the official trade confirmation(s) and account statements issued by Deutsche Bank shall govern. Deutsche Bank is not responsible for any discrepancy between the informal execution report and the official trade confirrnation(s) or account statements. CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0049410 CONFIDENTIAL SDNY_GM_00195594 EFTA01360828