EFTA01406871

Subject: RE: KYC Breach SOUTHFINANMD Southern Financial, LLC_FFT Location [I] From: Xavier Avila Date: Tue, 17 Apr 2018 10:17:15 -0400 To: Mathew Negus Nina Tona Cc: Ian Salters Martin Zeman 2028 We will need most of our clients trading XCCY business...so lets see how difficult this is. 03 we suddently stuck with basic DB AG London adoptions. Can we have anoher call rhis thursday to go through some NAC thoughts and also the booking systems pls? Thanks From: Mathew Negus Date: Tuesday, Apr 17, 2018, 08:10 To: Nina Tona Xavier Avila Cc: Ian Salters Martin Zeman Subject: RE: KYC Breach_SOUTHFINANMD_Southern Financial, LLC_FFT Location [I] Classification: For internal use only Extension to FFT goes to US Case Management. What's the mat date on the xccy swap? Mathew Negus Director I ICG Business Management I EFTA01406871 From: Nina Tona Sent: Tuesday, April 17, 2018 8:32 AM To: Mathew Negus Jimmy-H Xu Xavier Avila Akash Malhotra Cc: Joe Aglione • Ian Salters Panka•-A Cho ra NCAOTC Derivatives ; Martin Zeman Alka Gopala Subject: RE: KYC Breach_SOUTHFINANMD_Southern Financial, LLC_FFT Location [I] Classification: For internal use only Mat — let me know if I can help you with this. Thank you Nina Tona KCP products and services are intended and available only for persons who are sophisticated institutional investors within the meaning of the FINRA Rule 4512(C)(3), and who are capable of evaluating the strategies, characteristics and investment risks of, and exercising independent judgment in evaluating, the ideas and products discussed herein. 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From: Mathew Negus Sent: Tuesday, April 17, 2018 7:11 AM To: Jimmy-H Xu ; Xavier Avila Akash Malhotra Cc: Joe Aglione • Ian Salters ; Nina Tona Pankaj-A Chopra NCAOTC Derivatives • Martin Zeman Alka Gopala Subject: RE: KYC Breach SOUTHFINANMD Southern Financial, LLC FFT Location [I] I'll check who should handle the product extension to FFT. I expect it will be the US team. Jimmy, FYI, I still see mostly London as the primary adoption location for OTC Derivs. Best, Mathew From: Jimmy-H Xu Date: Tuesday, Apr 17, 2018, 2:53 AM To: Xavier Avila Akash Malhotra Mathew Ne us EFTA01406873 Cc: Joe Aglione Tona Derivatives Alka Gopala , Ian Salters , Nina Pankaj-A Chopra NCAOTC , Martin Zeman Subject: RE: KYC Breach_SOUTHFINANMD_Southern Financial, LLC_FFT Location [I] Classification: For internal use only In general, everything should face FFT and other booking centres are only used in exceptional circumstances I believe Thanks Kind regards Jimmy {https://brandportal.intranet.db.com/img/modules/logo.gif} Jimmy-H Xu Cross Currency Swap Trading Deutsche Bank AG, Filiale London CB&S - Markets Winc eat Winchester Street, EC2N 2DB London, Tel. Mobile Email From: Xavier Avila Sent: 17 April 2018 02:30 To: Jimmy-H Xu Mathew Ne Akash Malhotra Cc: Joe Aglione ; Ian Salters Tona aj-A opra United Kingdom ~• Nina NCAOTC EFTA01406874 Derivatives ; Martin Zeman ; Alka Gopala Subject: RE: KYC Breach_SOUTHFINANMD_Southern Financial, LLC_FFT Location [I] Done, thanks. Are all the XCCYs generally booked and clients KYCed in DB AG FFT? What about EUR and GBP vanilla and inflation swaps? We might have some of those coming. Mat/Nina, who can help us with FFT extensions, same NY CMs? Thanks From: Jimmy-H Xu Date: Monday, Apr 16, 2018, 11:56 To: Xavier Avila Akash Malhotra Mathew Negus Cc: Joe Aglione , Ian Salters , Nina Tona , Pankaj-A Chopra NCAOTC Derivatives , Martin Zeman , Alka Gopala EFTA01406875 Subject: RE: KYC Breach_SOUTHFINANMD_Southern Financial, LLC_FFT Location [I] Classification: For internal use only Approved as one-off, but let's get the KYC done for FFT please Thanks Kind regards Jimmy fhttps://brandportal.intranet.db.com/img/modules/logo.gifl Jimmy-H Xu Cross Currency Swap Trading Deutsche Bank AG, CB&S - Markets Winchester House Tel. Mobile Email Filiale London 1 Great Winchester Street, EC2N 2DB London, United Kingdom From: Xavier Avila [mailto: Sent: 16 April 2018 17:55 To: Mathew Ne Cc: Joe Aglione Tona Derivatives Alka Gopala Subject: RE: KYC Breach_SOUTHFINANMD_Southern Financial, LLC_FFT Location [I] • Akash Malhotra Ian Salters ; Nina ra I; Martin eman ; NCAOTC • EFTA01406876 Shawn, MO, is it ok to move this trade to London pls? From: Mathew Negus Sent: Monday, April 16, 2018 9:03 AM To: Xavier Avila Cc: Shawn Staker Go ala Akash Malhotra ; NCAOTC Derivatives ; Pankaj-A Chopra ; Alka ; Nina Tona ; an a ers ; Martin Zeman Subject: RE: KYC Breach SOUTHFINANMD Southern Financial, LLC_FFT Location [I] Classification: For internal use only I would re-book to London if the desk agrees. From: Xavier Avila Sent: Monday, April 16, 2018 7:44 AM To: Akash Malhotra Cc: Shawn Staker NCAOTC Derivatives ; Pankaj-A Chopra ; Alka Gopa a ; Nina Tona ; Ian Salters Mathew Negus Martin Zeman Subject: RE: KYC Breach SOUTHFINANMD Southern Financial, LLC_FFT Location [I] Negus, what do we do with the below? If easy extension to OTC Rates FFT we can provide docs, if not we move this to London where client is onboarded? Thanks EFTA01406877 Xavier Avila Managing Director Deutsche Bank Securities Inc From: Akash Malhotra Date: Monday, Apr 16, 2018, 07:34 To: Xavier Avila Cc: Shawn Staker Gopala NCAOTC Derivatives Pankaj-A Chopra Alka Subject: KYC Breach_SOUTHFINANMD_Southern Financial, LLC_FFT Location [I] Classification: For internal use only Hi Alex, For adoption location Frankfurt, the following trade has been booked in Summit application for OTC Derivative Product, details as follows: Trade ID: Summit Code: Date of Trade: 13/04/2018 Client Name: Southern Financial, LLC We have got your name as a sales person from Summit application. EFTA01406878 We have observed that the client is not adopted for Frankfurt location, which results in a KYC violation. In order to comply with DB's internal policies and procedures, all KYC requirements now have to be fulfilled, if the trade should stand against Deutsche Bank Kindly review your trade and where possible, please consider to rebook the trade to an adoption location, where the client is already adopted for OTC Derivative product or confirm if it is a valid trade for the particular location. Upon your confirmation, we will review the client and would request the missing documents to be obtained from the client/business as per Frankfurt location guidelines. Summit screenshot: Trade Details {cid:[email protected]} Regards Akash Malhotra Associate I Client on Boarding DBOI Global Services Private Limited Global Business Services A-1 & A-2, Evolve - Mahindra Technology Park, Inside Mahindra World City SEZ, 302029 Jai ur India Tel. Email Escalations Contact:- EFTA01406879 This communication may contain confidential and/or privileged information. 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