From: Daniel Sabba (> fo: jeevacation@gmail.com Cc: ES Pou! Moris a, Subject: Trade Recap - 01/13/2014 - DB Sells $10mm 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-[mages: 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. EFTA00654057

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Thank you for the trade, Daniel Daniel Sabba Key Client Partners Deutsche Bank Securities Inc. Tel. +1 212 454 0857 Mobile +1 917 374 4185 Email and the information A sh. EFTA00654058