EFTA01372936.pdf

We executed a EURUSD forward (v/d 06 Aug 19) that is still on the books. MtM is $87k in favor of client, per latest valuation statement: 54.1,04, Southern Financial LLC (account N4G026161) holds 100k shares of AAPL and some cash from dividends as collateral for OTC trades: MARKET POSITION PRICE VALUE FX RATE POSITION TRADE DATE (POSITION (POSITION (TO VALUE QUANTITY SYMBOL DESCRIPTION CUSIP CCY) CCY) USDE) (USDE) TYPE 100,000.0000 AAPL APPLE INC COM 037833100 175.4600 1 7,546,000.“, 1.00000 1 546.000.00 EQUITY INSURED DEPOSITS MONEY 73,091.3300 DBDA PROGRAM PER980411 1.0000 73.091.3; 1.00000 73,091.33 FUND Client would need to unwind the FX hedge, at which point we could consolidate the Southern Financial LLC assets (i.e. move assets from the collateral account to the main trading account). Regards, Davide Davide Sferrazza Associate I Investments & Trading I Institutional Wealth Partners Deutsche Bank Securities Inc. Deutsche Bank Wealth Management 345 Park Avenue, 24th Floor New York, NY, 10154. USA Visit us: http://deutschewealth.eom #Positivelmpact IWP products and services are intended for and available only to sophisticated, experienced investors who quality as 'institutional accounts' under FINRA Rule 4512(c)(3), and are capable of evaluating the investment benefits and risks of, and exercising independent judgment in evaluating and determining whether to enter into, sophisticated trading strategies and financial transactions. Transactions are subject to relevant internal approvals of Deutsche Bank or its affiliates prior to execution, and no transaction, idea or opportunity discussed herein may be executed unless you are a client of Deutsche Bank and of the Institutional Wealth Partners group (IWP). CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0066855 CONFIDENTIAL SDNY_GM_00213039 EFTA01372936