From: DeAWM-WM DerivativeDoes

From: DeAWM-WM DerivativeDoes To: undisclosed-recipients:; Subject: Dodd Frank Quarterly Notification - Q4 2016 Date: Fri, 27 Jan 2017 01:56:16 +0000 Attachments: 2016_Q4 _ DB _Dodd-Frank_Quarterlyinitial_Margin_Notice.pdf > Dear Valued Client, Please review the attached notice, which Deutsche Bank AG is sending you pursuant to CFTC Regulation 23.704. You are not required to take any action as a result of your receipt of this notice. Thank you for your consideration. Kind Regards, DeWM Derivatives Documentation Team DBSI does not accept orders and/or instructions regarding your account by e-mail. Any orders or transactional requests sent by e-mail will not be processed until DBSI can confirm your instructions or obtain appropriate written documentation, where necessary. This communication may contain confidential and/or privileged information. If you are not the intended recipient (or have received this communication in error) please notify the sender immediately and destroy this communication. Any unauthorized copying, disclosure or distribution of the material in this communication is strictly forbidden. Deutsche Bank does not render legal or tax advice, and the information contained in this communication should not be regarded as such. EFTA00696749