575 Lexingoon Avenue 4th Floor 122 lam York NY M Hagler fonwnlcd mciaapA From: Stewart Oldfield Subject: SF OTC trade on the books Date: February 6, 2019 S 12:10:25 PM EST To: Richard Kahn Rich, Please see below. you have one outstanding OTC position on, which should be straightforward to unwind. Note that it is hedging a bond you own. Thanks From: Davide-A Sferraua Sent; Wednesday, Februa 06, 201912:05 PM To: Stewart Oldfield Subject: Southern Financial OTC trade on the books Stew, Southern Financial LLC (account • holds EUR 2.5mm face of COFP 4.407 08/06/19: TRADE DATE QUANTITY DESCRIPTION CUSS' MARKET PRICE (POSITION CM POSITION VALVE (POSTONCM FX RATE (TO USDO POSITION VALUE (UM 2.500.0000000 CASINO. GUICHARD PERRACHON SA 6INIFRO01 1 301480 4.01%06106/19 REG DID 08/03/12 AC EI4I3LCNE 996200 _00.5-:000 1.14070 :Weal?. We executed a EURUSO forward (v/d 06 Aug 19) that is still on the books. MtM is $87k in favor of client, per latest valuation statement: cimage004.jpg> Southern Financial LLC (account I holds 100k shares of AAPL and some cash from dividends as collateral for OTC trades: TRADE OAT! • ANTES'S, 100.0000000 73.091 3300 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 collate al account to the main trading account). Regards. Davila ,:limage0010- SY/SYMBOLL DIDOILIPTCN CUSIP MARKET PIKE (POSMON CM POSITION VALUE C( M POSIT ION FX POSITION VALUE (USC41 TYPE MIT CFO USOC ASR 060A APPLE INC COM INSURED DEPOSITS PROGRAM 037831100 PEW80411 176.4600 1.0000 17 546.000 00 ;Will 3? 1.0)00) 1.00000 17346.00000 73 09133 EWA MONEY FUND Davide Sferrazza Associate I Investments 6 Trading l Institutional Wealth Partners Deutsche Bank Securities Inc. Deutsche Bank Wealth Management 03 5 Park Avenue 24th floor Visit us: Mtpfideutschemealth.com thriane003 giro INS' products and mimes ate