EPSTEIN
page 7 / 823 . OCR, unverified
FINANCIAL, LLC
Statement ID : 182298_20150619_20150622_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
Ref. Entity
TWTR.N
Put/ Call
Expiry Date
01-Feb-2016
Not.Amt
(3,641,000.00)
Not.Ccy
USD
Not.Amt 2
Not.Ccy2
Strike Price
36.4100
Subtotal:
MTM(USD)
56,983.74
56,983.74
0.00
EFTA01473614
--- PAGE 6 ---
Deutsche Bank Group Valuation Statement
Request 182298
Jun 2015
SOUTHERN FINANCIAL, LLC
As of 19 Jun 15
Deutsche Bank AG
SOUTHERN FINANCIAL, LLC
Total:
Statement ID : 182298_20150619_20150622_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
(226,157.00)
Page 3 Of 3
EFTA01473615
--- SOURCE: IMAGES__0091__EFTA01473616.txt ---
METADATA_SOURCE: IMAGES0091
METADATA_FILENAME: EFTA01473616.pdf
----------------------------------------
Trade Type,Trade ID,DealGroupID,MTM,Ccy,Secondary MTM,Secondary
CCY,Counterparty,Trade Date,Eff. Date,Settlement Date,Maturity Date,Delivery
Date,Not.Amt 1,Not.Ccyl,Not.Amt 2,Not.Ccy2,Quantity,Ref. Entity,Long/
Short,Put/ Call,Strike Price,DBPays DBReceives,Next Reset,Spread At
Maturity,Pmt Rate Ref.,Rate,Price Per Unit,BuySell,Pmt Ccy,Implied
Volatility,Swapswire ID,Fair Price,Spot Price,Option Type,Option
Style,Party,Delta,Product Type,Underlying Ticker,Unit,Vega,Gamma,
"CREDIT DERIVATIVE-DEFSWAP","C7970754M","C7970754M",-564100.41,"USD"„"
","SOUTHERN FINANCIAL, LLC",13-3an-2015,14-3an-2015,20-Mar-2020,20-
Mar-2020„10000000.00,"USD",10000000.00,"USD"„"BRASOV","SHORT","
"DB Receives 1 FIXED", 234.179976,"FIXED",1„"SELL","USD"„" ",
,"
"," ","DEUTSCHE BANK AG, LONDON, LONDON"," ","FIXED RATE CASH FLOW"," ","
"EQUITY OPTION","901634610","LN-618753",-54962.52,"USD"„" ","SOUTHERN
FINANCIAL LLC",30-Jan-2015,30-Jan-2015„18-Dec-2015,18-
Dec-2015,-4166000.00,"USD"„" ",-4166000,"LN 618753BU","SHORT","CALL",1,"
„",
",
"
0.0240,"SELL","USD"„" ", „"STRUCTURED","EUROPEAN","DEUTSCHE
BANK AG, LONDON, LONDON"," ","EQUITY OPTION"," "," "," "," ",
"EQUITY OPTION","IMAG603575628","NY-618176",345356.58,"USD"„" ","SOUTHERN
FINANCIAL, LLC",27-3an-2015,27-3an-2015„27-Jan-2016,01-
Feb-2016,3896620.00,"USD",3896620.00,"USD",100000,"TWTR.N","LONG","CALL",-
38.9662," "„ ," "„7.2828,"BUY","USD",41.7775," ",-
3.4536,35.8600,"VANILLA","EUROPEAN","DEUTSCHE BANK AG, LONDON,
LONDON","0.4653395929","EQUITY OPTION","TWTR.N","
","0.1106805158","0.0341551145",
"FxEuroOpt","863293069","418822243/834462396",-9434.39,"USD"„" ","SOUTHERN
FINANCIAL, LLC",12-Aug-2014,12-Aug-2014,14-Aug-2015,12-Aug-2015, ,
75000000.00,"USD",-462000000.00,"CNH"„" ","SHORT","PUT",-
6.16,"DB Pays_6.16 "„ ," ",6.16„"SELL"," "„" ", „"
","EUROPEAN","DEUTSCHE BANK AG, LONDON, LONDON"," ","FXEUROOPT"," "," ","
"EQUITY SWAP-HYBRID","612676","612676",56983.74,"USD"„" ","SOUTHERN
FINANCIAL, LLC",27-3an-2015,30-3an-2015„01-Feb-2016,01-
Feb-2016,-3641000.00,"USD"„" "„"TWTR.N"," "," ",36.41,"DB Pays_0.00184_",-
29-Jun-2015„" ",0.00184,35.8600," ","USD"„" ", „"GENERI","
","DEUTSCHE BANK AG, LONDON, LONDON"," ","EQUITY","TWTR.N"," "," "," ",
„"Total",-226157.00
"Statement Id: 182298 20150619_20150622 1"
"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 DB 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,
EFTA01473616
--- PAGE 2 ---
operational or other risks, 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