From: Daniel Sabba To: [email protected] Cc: Paul Monis Subject: Trade Recap - 01/13/2014 - DB Sells $l0mm FEDERATIVE REPUBLIC OF BRAZIL 20- Mar-2020 CDS @ 205 with SOUTHERN FINANCIAL LLC (live) [C] Date: Tue, 13 Jan 2015 18:42:16 +0000 Inline-Images: unnamed Classification: Confidential Jeffrey, per our phone conversation, Southern Financial LLC entered into the following credit default swap with Deutsche Bank AG, acting through its London branch. Southern Financial bought default protection from DB. The Initial Margin on this trade is 1% of Notional. Official confirm to follow. BraSov default swap with SOUTHERN FINANCIAL LLC DB Sells default protection on FEDERATIVE REPUBLIC OF BRAZIL NOTIONAL : USD 10,000,000 TRADE DATE : 13-Jan-2015 I141 : 1 EFFECTIVE : 14-Jan-2015 TERMINATION : 20-Mar-2020 REF OB : BRAZIL 12.251 OF 03/30 ISIN: US105756AL40 CREDIT EVENTS : Failure to Pay, R, Repudiation/Moratorium ISDA Definition : 2014 PRICE : 205 bps per annum (COUPON: 100 bps per annum' UPFRONT FEE : DB Receive USD 491,941 STANDARD TRADE : Yes HARDWIRING : Yes CLEARING HOUSE : No Trade details: EFTA00654057