RE: MBS Factor Adjustment — Unsealed Email

A

To

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).

Best regards,
Andrew King

Andrew King, CFA
Vice President I Investment Solutions Group

Deutsche Bank Securities Inc.
Deutsche Asset & Wealth Management
345 Park Avenue, New York, NY 10154
Tel.
Fax
Mobile
Email

S

To

Cynthia Rodriguez

He's so on it.

From: Andrew King Sent: Tuesday, June 21, 2016 4:18 PM

EFTA01418178

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).

Best regards,
Andrew King

Andrew King, CFA
Vice President I Investment Solutions Group

Deutsche Bank Securities Inc.
Deutsche Asset & Wealth Management
345 Park Avenue, New York, NY 10154
Tel.
Fax
Mobile
Email

EFTA01418179

C

To

Stewart Oldfield

He really is. Wow.

Kind regards,

Cynthia Rodriguez

Cynthia Rodriguez
Assistant Vice President

Deutsche Bank Trust Company Americas
Deutsche Asset & Wealth Management
345 Park Avenue, 10154-0004 New York, NY, USA
Tel. █████████████
Fax █████████████
Email ███████████████████████