Epstein File EFTA01471503: Southern Trust, Madam and Arrangement (DS10)

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💨IMPACT LEVEL 1 — MEH

Epstein File EFTA01471503: Southern Trust, Madam and Arrangement (DS10)

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This document is a notification letter from Southern Trust Company Inc regarding CFTC Rule 23.701 concerning the segregation of initial margin posted in respect of uncleared swaps. The letter addresses a counterparty and discusses an election regarding whether to require initial margin segregation in accordance with the CFTC Segregation Regime, with the option to defer such requirement until a mutually acceptable tri-party custodial arrangement is established.

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Southern Trust madam arrangement

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Excerpt 1

Legal Name of Entity Completing Letter^ **Southern** **Trust** Company Inc Counterparty CICI/LET: ^ 3^A'^j^DXEJUvJ\/4

Excerpt 2

ACTION REQUIRED 2014 NOTIFICATION OF RIGHT TO SEGREGATION OF INITIAL MARGIN POSTED IN RESPECT OF UNCLEARED SWAPS PURSUANT TO CFTC RULE 23.701 Dear Sir or **Madam**

Excerpt 3

election to not require IM Segregation in accordance with CFTC Segregation Regime is preferable until such time as a mutually acceptable tri-party custodial **arrangement**