From: Stewart Oldfield Sent: 7/6/2016 6:10:53 PM To: Vahe Stepanian CC: Brianna Fowler Subject Re: Southern Financial revs [il Classification: For Internal Use Only Cool. Thanks Stewart Oldfield, CFA, CAIA Director Deutsche Bank Trust Company Americas Deutsche Bank Wealth Management 345 Park Avenue, New York, NY 10154 Tel: Mobile: Email: Mathew Negus Securities offered through Deutsche Bank Securities Inc. From: Vahe Stepanian Sent: Wednesday, July 06, 2016 06:04 PM To: Stewart Oldfield; Mathew Negus Cc: Brianna Fowler Subject: RE: Southern Financial revs [I] Classification: For Internal use only Stew — we'll take a look and get back to you before EOW. Best, Vahe From: Stewart Oldfield Sent: Wednesday, July 06, 2016 4:35 PM To: Mathew Negus; Vahe Stepanian Cc: Brianna Fowler Subject: Southern Financial revs [I] Classification: For internal use only Gents, Anna is working to reconcile pnl now that Paul has left and his accounts are coming under my revenue stream. Once she is able to make sure the numbers are right, it will be much easier for us all to track going forward as we do new trades. Not surprisingly, we don't have a great way to reconcile the SF revenues from here and need your help. Would like to see a list of trades and the associated revs. We can see the deposits on our side, so nothing to do there. Other than that, I think all revs are categorized as brokerage, so not sure how you report the swaps and other trades done with the investment bank. Thanks CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0068805 CONFIDENTIAL SDNY_GM_00214989 EFTA01374220