EFTA01427151.pdf

Subject: RE: Updated Financials - Southern Financial and Southern Trust [SC] From: Paul Morris ‹ > Date: Wed, 08 Jul 2015 08:47:47 -0400 To: Richard Kahn Vahe Stepanian Cc: Daniel Sabba Ariane Dwyer Stewart Oldfield Thanks Rich understood Original Message From: Richard Kahn [ Sent: Wednesday, July 08, 2015 08:45 AM Eastern Standard Time To: Paul Morris; Vahe Stepanian Cc: Daniel Sabba; Ariane Dwyer; Stewart Oldfield Subject: Re: Updated Financials - Southern Financial and Southern Trust [SC] In process but cannot be produced in 24 hours Will have by early next week From: Paul Morris ‹ > Date: Wednesday, Jul 8, 2015 at 8:44 AM To: Vahe Stepanian < , Richard Kahn Cc: Daniel Sabba Ariane Dwyer ‹ > Stewart Oldfield Subject: RE: Updated Financials - Southern Financial and Southern Trust [SC] Thanks Rich Original Message From: Vahe Stepanian Sent: Tuesday, July 07, 2015 03:52 PM Eastern Standard Time To: Richard Kahn Cc: Daniel Sabba; Ariane Dwyer; Paul Morris; Stewart Oldfield Subject: Updated Financials - Southern Financial and Southern Trust [SC] Classification: Strictly Confidential Rich - as you know, last week Southern Financial executed two EURUSD risk EFTA01427151 reversals for a combined notional of EUR 75mm. The credit terms of these trades are governed by the existing ISDA/CSA that was initially negotiated in 2013, and SF is currently utilizing a significant portion of its capacity. With that said, we spoke with Jeffrey earlier today about amending the terms of his ISDA / CSA to grant him additional capacity to add to his positions. Specifically, he would like us to take necessary steps to increase Southern Financial's Tier I Ceiling Limit to USD 100mm. To do so, we will need current financials for both SF and STC to pass along to our credit risk management team for review. The November 2014 financials were already reviewed, but need updating as they're over 6 months old. Can you please provide at your earliest convenience? Thank you, Vahe Vahe Stepanian Assistant Vice President Key Client Partners Deutsc c. Tel. + Mobile Email All trade execution information contained herein is being provided as an accommodation at your request in advance of your receipt of the official trade confirmation(s). Additional trade detail information available upon request. The terms of the trade(s) may be subject to change prior to settlement, and therefore the official trade confirmation(s) and account statements issued by Deutsche Bank shall govern. Deutsche Bank is not responsible for any discrepancy between the informal execution report and the official trade confirmation(s) or account statements. This communication may contain confidential and/or privileged information. If you are not the intended recipient (or have received this communication in error) please notify the sender immediately and destroy this communication. Any unauthorized copying, disclosure or distribution of the material in this communication is strictly forbidden. EFTA01427152 Deutsche Bank does not render legal or tax advice, and the information contained in this communication should not be regarded as such. This communication may contain confidential and/or privileged information. If you are not the intended recipient (or have received this communication in error) please notify the sender immediately and destroy this communication. Any unauthorized copying, disclosure or distribution of the material in this communication is strictly forbidden. Deutsche Bank does not render legal or tax advice, and the information contained in this communication should not be regarded as such. EFTA01427153