EFTA01469074.pdf

Deutsche Bank Group Valuation Statement Request 182298 12 Jun 2014 SOUTHERN FINANCIAL, LLC As of 12 Jun 14 Deutsche Bank AG For Sales Inquiries Contact: Tazia Smith (Tel) +1(212)454-2889 (Email) For questions relating to this statement contact: Valuations NY (Tel) 1-212-250-2600 (Email) [email protected] SOUTHERN FINANCIAL, LLC To: Jabwcpa Gmail (Email) ,Harrybeller Gmail (Email) ,Richard Kahn12 (Email) ,Gedeon Pinedo (Email) ,Vahe Stepanian (Email) , osep of ron (Email) ,Tazia Smith (Email) ,Amanda Kirb mai ,Paul Morris (Email) Fx Rates: USD/EUR = .7379529186 Page 1 Of 2 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, 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 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 EFTA01469074 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 20140612 20140613 1 EFTA01469075 Deutsche Bank Group Valuation Statement Request 182298 12 Jun 2014 SOUTHERN FINANCIAL, LLC As of 12 Jun 14 Deutsche Bank AG SOUTHERN FINANCIAL, LLC FX - Options Trade ID 366364436/ 710423459 366364436/ 710423461 366364436/ 710423463 366364436/ 710423465 407339131/ 806424249 407339131/ 806424264 Counterparty SOUTHERN FINANCIAL, LLC SOUTHERN FINANCIAL, LLC SOUTHERN FINANCIAL, LLC SOUTHERN FINANCIAL, LLC SOUTHERN FINANCIAL, LLC SOUTHERN FINANCIAL, LLC Commodities - Base Metal Derivatives Trade ID 395494367/ 778125395 Counterparty SOUTHERN FINANCIAL, LLC Trade Type CommodityOptEu ro.BaseMetal Trade Date Maturity Date 03-Apr-2014 05-Dec-2014 Settlement Date 05-Dec-2014 Long/ Short EFTA01469076 SHORT Option Style EUROPEAN Put/ Call CALL Ref. Entity XCU Not.Amt 1 Not.Ccy 1 (8,750,000.00) USD Quantity Unit (50.00)MT25 Price Per Unit 0 Strike Price 7,000.0000 Subtotal: Total: Statement ID : 182298_20140612_20140613_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 MTM(USD) (211,842.03) (211,842.03) (261,524.25) 0.00 Trade Type FxEuroOpt FXOneBarOneT ouchOpt FXOneBarOneT ouchOpt FXOneBarOneT ouchOpt FxEuroOpt FxEuroOpt Trade Date Maturity Date 20-Nov-2014 21-Nov-2013 21-Nov-2013 21-Nov-2013 21-Nov-2013 06-Jun-2014 06-Jun-2014 20-Nov-2014 20-Nov-2014 20-Nov-2014 08-Sep-2014 08-Sep-2014 EFTA01469077 Settlement Date 25-Nov-2014 25-Nov-2014 25-Nov-2014 25-Nov-2014 10-Sep-2014 10-Sep-2014 Not.Amt 1 (1,000,000.00) (21,000.00) (21,000.00) (21,000.00) 10,000,000.00 10,000,000.00 Not.Ccy 1 USD USD USD USD EUR EUR Not.Amt 2 101,000,000 0 0 0 (13,450,000.00) (13,800,000.00) Not.Ccy 2 JPY JPY JPY JPY USD USD Long/ Short SHORT LONG LONG LONG SHORT LONG Option Style EUROPEAN EUROPEAN EUROPEAN EUROPEAN EUROPEAN EFTA01469078 EUROPEAN PUT CALL Subtotal: Put/ Call CALL Strike Price 101.0000 0.0000 0.0000 0.0000 1.3450 1.3800 MTM(USD) (21,827.03) 10,612.83 7,912.49 5,812.43 (106,578.33) 54,385.37 (49,682.22) 0.00 Page 2 Of 2 EFTA01469079