Subject: FW: MBS Factor Adjustment [I] From: Stewart Oldfield <E > Date: Tue, 21 Jun 2016 16:19:15 -0400 To: Cynthia Rodriguez dc > Classification: For internal use only He's so on it. From: Andrew King Sent: Tuesday, June 21, 2016 4:18 PM To: Stewart Oldfield; Brianna Fowler Subject: MBS Factor Adjustment [I] Classification: For internal use only Team, Following up on our conversation about the WAMU MBS security in the Southern Financial brokerage account, I've listed a screenshot from the most recent statement. The statement lists a "Factor" of .4865 which represents the amount remaining of the loan portfolio that has not been paid down (as a % of original). The current value = original face amount * the adjustment factor * (the current price/100). fcid:image002.png@OlD1CBD8.7CA334201 Best regards, Andrew King EFTA01414373 fcid:image001.gif@OlD1AA1B.81C7AA001 Andrew King, CFA Vice President I Investment Solutions Group Deutsche Bank Securities Inc. Deutsche Asset & Wealth Management 345 Park Avenue, New York, NY 10154 fcid:image002.gif@OlD1AA1B.81C7AA001 EFTA01414374