Subject: Southern Financial Mar in Call From: Ariane Dwyer Date: Tue, 25 Aug 2015 14:52:32 -0400 To: Richard Kahn Cc: Darren Indyke Daniel Sabba Vahe Stepanian Paul Morris < Stewart Oldfield 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. 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 {cid:image001.gif@O1CFF793.2D454000} Ariane Dwyer Analyst I Key Client Partners - US Deutsche Bank Securities Inc Deutsche Asset & Wealth Management 345 Park Avenue, 26 New York NY 10154-0004 Tel. Email EFTA01400982 {cid:image002.gif@O1CFF793.2D454000} 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. EFTA01400983