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METADATA_FILENAME: EFTA01454993.pdf
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From:
ValuationsSystemilvaluationssystem@dbxoml
Sent:
To:
0111Milamanda
Kirby
; Joseph Cothron U
Paul Morris
; Tazia Smith
Vahe Stepanian
Subject:
Valuation Statement for SOUTHERN FINANCIAL, LLC as at 5 Aug 2014 - Request
Attachments: 182298_20140805_20140806_1ndf; 182298_20140805_20140806_1xsv
Dear Sir/Madam,
Please find attached the valuation as of the value date specified in the attached statement.
For queries please contact the number provided on the statement.
Kind regards,
Deutsche Sank Group
customer valuations Group
inedo
This is an automated email account.
Please do not reply to this email as the account is not monitored.
valuations are sent to you subject to our valuation Disclosure statement.
we also direct you to the following additional disclosures:
In reference to the provision of valuations for daily marks:
http://cbs.db.com/new/docs/Daily_Mork_Methodologies_and_Assumptions_Disclosure_MOrch_28_2013_(2).pdf
In reference to the provision of portfolio data and dispute resolution under EMIR:
http://cbs.db.com/new/docs/Valuation_Statement_-_EMIR_Language_1309.pdf
182298_20140805_20140806_1
62616129
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e)
DB-SDNY-0 113503
CONFIDENTIAL
SDNY_GM_00259687
EFTA01454993
--- SOURCE: IMAGES__0080__EFTA01454994.txt ---
METADATA_SOURCE: IMAGES0080
METADATA_FILENAME: EFTA01454994.pdf
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r
e an
roup
SOUTHERN FINANCIAL, LLC
R
182298
Aug 14
Deutsche Bank AG
For Sales Inquiries Contact
Tazia Smith (Tei •
on
eme
Erroll)
For questions relating to this statement contact
Valuations NY (Tel)
SOUTHERN FINANCIAL. LLC
To:
Jabwcpa Gmail (Emaii)
Harrybeller Gmail (Email)
Richard Kahn12 (Email)
Pail Morris (Email)
Joseph Cothron (Email)
.Gedeon Pinedo (Email)
Vahe Stepanian (Email)
Tazia Smith (Email)
Amanda Kirby (Email)
C6Aug 2014
Page 1 Of 2
Fx Rates
USD/EUR = 7479711283
Note:-All Values are shown from the DB Group's point of view. A negative Value therefore expresses an amount which is in your favour, while a positive amount is one which is in 09 Group favour. The terms and conditions of each transaction are specified in the
relevant trade Confirmation.
Deutsche Bank Group ("DB") 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 part 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 Asks, and/or to reflect adjustments based upon our willingness to unwind all or part 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. My 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. MI 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: 18229820140805_201408061
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e)
DB-SDNY-0113504
CONFIDENTIAL
SDNY_GM_00259688
EFTA01454994
--- SOURCE: IMAGES__0080__EFTA01454995.txt ---
METADATA_SOURCE: IMAGES0080
METADATA_FILENAME: EFTA01454995.pdf