EFTA Document EFTA01458490

e an raup a on eme SOUTHERN FINANCIAL, LLC Request 182298 As of 02 Oct 15 Deutsche Bank AG Fier Sales Inquirles Contact Daniel Sabna (Email; For questions relating to this statement coMact Valuations NY (Tel) (Email SOUTHERN FINANCIAL. LLC To: Jabwc a Gmail Erna:, .Richard Kahn12 (Email) Mark Whyman (Email) Amanda Ktrby (Email) Hm./ Clentservices (Email) Paul Atoms (Email) Gedeon Pinedo (Email) .Vahe Stepanian (Email) Daniel Satte (Email) Ariane Dwyer (Email) 05 Oct2015 Page I Of 3 FX RS* USD/EUR a 887035985 Note:-All Values are shown from the DB Group's point of view. A negative Value therefore expresses an amount which is in your favour, white a positive amount is one which is in DB Group favour. The terms and conditions of each transaclion are specified In the relevant trade Confirmabon. Deutsche Bank Group ("DB") is providing the valuations set forti above as an accommodation to you solely for your own intemal use. Unless expressly stated othenvise. valuations represent DB's current economic assessment of the transaction or instrument as of the date specified. DB's economie assessment is typicalty derived all or in part from model pnces. external sources, market prices and/or DB's intemal books and records prices. Valuations may be adjusted to take into account market, bquidity, credit, operational or other risks, and/or to refleet adjustments based upen our willingness to unwind all or part of your position or revenue that has been generated but not yet recognized by DB ("Premium Adjustments"). Such Premium Adjustments will generally always deebne over time. as DB's anpeilte to unwind at a premium will generally dedine over time, which will lead to lower valuations in the absence of changes in market conditions. Valuations, including Chose containing Premium Adjustments, may not represent the terms at which new transactions or instruments could be entered into with DB or the tenns at which existing transactions or instruments could be liquidated or unwound with DB. DB may change its valuation methodology and the related adjustments and assumptions at any time. so Mal future valuations may be less favourable than the current ones, even in the absence of an adverse development in market conditions. Valuations based on different assumptions or calculated using other methodologies may also yield different results and any adjustments may not apply for the duration of the transaction or instrument. Any subsequent valuations provided to you will almost certainly differ from Mis valuabon. This differente can be less favourable to you. and due to the volatility of market conditions, the size or notional amount of the decrease or increase and other factors. ere differential could be substantial. DB shall not be lieble lor any errors or omissions made in calculating or disseminating valuations. or for any inaccuracies or flaws in the methodologies. adjustments or assumptions. DB specifically disclaims liability for any losses or damages (incidental. consequential or otherwise) that may arise from valuations that are either used or relied upon by you or any other party for any reason including, without limitation, your use of valuations in preparabon of your own financial books and records. Statement ID 18229820151%2 20151005 1 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0118436 CONFIDENTIAL SDNY_GM_00264620 EFTA01458490