From: Daniel Sabba (i - To: jeevacation@gmail.com Cc: ES, Pou Moris a, Subject: Trade Recap - 01/13/2015 - DB Commodity WTI Short Volatility Il Index [C] Date: Tue, 13 Jan 2015 20:12:47 +0000 Classification: Confidential Jeffrey, per our phone conversation, Southern Financial LLC entered into the following commodity swap with Deutsche Bank AG, acting through its London branch. Southern Financial went long DB Commodity WTI Short Volatility II Index. Initial strike to be set at close today. The Initial Margin on this trade is 5% of Notional. Official termsheet and confirm to follow. O-Jun-15, 30-Sep-15, 31-Dec- each er rece For the first reset date, Index closing level on Thank you for the trade, Daniel Daniel Sabba Key Client Partners Deut Tel. ribution of the ormation EFTA00649505