EFTA01074901.pdf

gig Deutsche Bank AG eu sc e =an SOUTHERN FINANCIAL, LLC Request 182298 As of 04 Jan 16 roup 'a ua ion a amen Page 05 Jan 2016 , Of 2 For Sales Inquiries Contact: Daniel Sabba (Tel) (Email) For questions relating to this statement contact Valuations NY (Tel) (Email) SOUTHERN FINANCIAL. LLC To: Jabwcpa Gmail (Email) Richard Kahn12 (Email) Hnw Clientservices (Email) Gedeon Pinedo (Email) Vaho Stopanian (Email) .Mark Whyman (Email) Amanda Kirby (Email) Paul Morris (Email) Daniel Sabba (Email) Arians Dwyer (Email) Fx Rates: USDJEUR = .9257545216 Note:-All Values are shown from the DB Group's point of view. A negative Value therefore expresses an amount wNch is In your favour, while a positive amount is one which Is In DB Group favour. The terms and conditions of each transaction are specified in the relevant trade Confirmation. Deutsche Bank Group (TB") is providing the valuations set forth above as an accommodation to you solely for your own internal use. Unless expressly stated otherwise, valuations represent DB's current economic assessment of the transaction or instrument as of the date specified. DB's economic assessment is typically derived all or in pan from model prices, external sources, market prices and/or DB's internal books and records prices. Valuations may be adjusted to take into account market, liquidity, credit, operational or other risks, and/or to reflect adjustments based upon our willingness to unwind all or pan of your position or revenue that has been generated but not yet recognized by DB ("Premium Adjustments"). Such Premium Adjustments will generally always decline over time, as DB's appetite to unwind at a premium will generally decline over time, which will lead to lower valuations in the absence of changes in market conditions. Valuations, including those containing Premium Adjustments, may not represent the terms at which new transactions or instruments could be entered into with DB or the terms at which existing transactions or instruments could be liquidated or unwound with DB. DB may change its valuation methodology and the related adjustments and assumptions at any time, so that future valuations may be less favourable than the current ones, even in the absence of an adverse development in market conditions. Valuations based on different assumptions or calculated using other methodologies may also yield different results and any adjustments may not apply for the duration of the transaction or instrument. Any subsequent valuations provided to you will almost certainly differ from this valuation. This difference can be less favourable to you, and due to the volatility of market conditions, the size or notional amount of the decrease or increase and other factors, the differential could be substantial. DB shall not be liable for any errors or omissions made in calculating or disseminating valuations, or for any inaccuracies or flaws in the methodologies, adjustments or assumptions. DB specifically disclaims liability for any losses or damages (incidental, consequential or otherwise) that may arise from valuations that are either used or relied upon by you or any other party for any reason including, without limitation. your use of valuations in preparation of your own financial books and records. Statement ID : 182298_20160104_20160105_1 EFTA01074901  eu sc e =an roup 'a ua ion a amen 05 Jan 2016 SOUTHERN FINANCIAL, LLC Page 2 Of 2 Request 182298 As of 04 Jan 16 Deutsche Bank AG Credit • Default Swap Trade ID Counterparty Trade Type Ref. Entity Trade Date EH. Date Maturity Date BuySell NotAmt 1 Not.Ccy1 Not.Amt 2 Not.Ccy2 Rate Spread MTM(USD) C7970754M SOUTHERN CDSwapSov BRASOV I3-Jan-2015 la-Jan-2015 20klar•2020 SELL 10.000.000.00 USD 10.000.000.00 USD 1.0000 472 (1,379,149.69) FINANCIAL LLC Subtotal: (1,379,149.69) Equity -Option db Ticket Counterpaity Ref. Entity Put/ Call Expiry Dale Notitant Not.Ccy Quantity Strike Price Spot Price Implied Volatility Fair Price MTM(USD) NY618176 SOUTHERN TWTR.N CALL 27-Jan-2016 3.896.620.00 USD 100.000 38.9662 22.5600 75.5173 0.003 337.48 FINANCIAL. LLC Subtotal: 337.48 Equity - Swap Hybrid db Ticket Counterparty ReL Entity Put/ Call Expiry Date NotAmt NoiCcy NotAmt 2 Not.Ccy2 Strike Price MTM(USD) 612676 SOUTHERN TWTR.N 01•Feb-20I6 (2253.000.00) USD 22.5300 (2.632.67) FINANCIAL. LLC Subtotal: (2.632.67) Settlement Not.Ccy Not.Ccy DealGroupID Counterparty Trade Type Trade Date Maturity Date Date NotAmt 1 1 NotAmt 2 2 DBPays DBReceives BuySell MTM(USD) 525025553/ SOUTHERN FXNDF 30.Oct•2015 02•Aug•2016 04-A1)9.2016 (1.200.000.000) JPY 11.540.400.000.00 KftVif (434.799.84) 1110119325 FINANCIAL, LLC Subtotal: (434,799.84) Total: (1,816,24422) Statement ID: 182298_20160104_20160105_1 The valuation information set forth in this statement is provided subject to the terms and conditions set forth in the notes on the cover sheet EFTA01074902