From: valuations.system@db.com [valuations.system@db.com]
Sent: 11/13/2015 4:07:51 AM
To: 1A8WCPA@GMAILCOM;
hnw.clientservices@db.com;
Subject: Valuation Statement for SOUTHERN FINANCIAL LLC as at 12 Nov 2015 - Request 182298
Attachments: 182298_20151112_20151113_1.pdf; 182298_20151112_20151113_1.csv
Dear Si r/madam ,
Please find attached the valuation as of the value date specified in the attached statement.
For queries please contact the number provided on the statement.
Kind regards,
Deutsche Sank Group
customer valuations Group
This is an automated email account. Please do not reply to this email as the account is not monitored.
valuations are sent to you subject to our valuation Disclosure statement.
we al so direct you to the following additional disclosures:
In reference to the provision of valuations for daily marks:
http://cbs.db.com/new/docs/Dai I y_Mark_Methodol ogi es_and_Assumptions_Di sclosure_/4arch_28_2013_(2).pdf
In reference to the provision of portfolio data and dispute resolution under EMIR:
https : //myth db. com/en/medi a/EMIR-Portfol i o-Reconci ati on -and-Di spute-Resol ution-valuati on-Di scl osu re-
Statement .pdf
182298_20151112_20151113.i.
89847789
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 118912
CONFIDENTIAL SDNY_GM_00265096
EFTA01458817