EFTA Document EFTA01399684

Subject: FW: OTC Derivative tradin with CIB [I] From: Ian Salters Date: Fri, 01 Mar 2019 14:49:37 -0500 To: Davide-A Sferrazza Daniel-E Kaiser Alan Brody Classification: For internal use only FYI From: Ian Salters Sent: Friday, March 01, 2019 2:27 PM To: Oliver Esslin er ; Thomas Klemm ; Puzant Merdinian < Steven Mattus Olivier Poncet ; Andrea DeMar Bill King < >; Jeffrey Roth • Joe Hamilton Cc: Victoria Bruce ; Ian Salters Subject: OTC Derivative trading with CIB [I] Classification: For internal use only Dear All, After JAX produced the last file identifying which clients had been through the CIB onboarding process, we started to do spot checks on the data as a number of queries arose. After running the exercise again it is clear that JAX inadvertently added the Umbrella accounts by mistake. After running the exercise again, this is where stand: KYC MIFD MIFID - breakdown EFTA01399684 Division Priority clients CIB Onboarded Remediate Per Se /Opt Up Remediate Organizations Individuals ISG 32 5 27 5 27 25 2 IWP 20 13 8 10 10 7 3 EFTA01399685 We had already engaged JAX to start the KYC remediaiton processs and will add the additons to this project. If everyone is in agreement, we will now start the remediation of the client accounts in respect of MIFID II requirements. Please let me know if anyone disagrees with the above? I spoke further with Chris .7 Rose this week and he was certain that if our (WM) clients have the following documents on file, there should be reason why CIB would not continue to trade with WM: CIB Onboarding London Terms of Business MIFID II documentation We can discuss further on our call on Monday. Kind regards, Ian Salters fhttps://brandportal.intranet.db.com/img/modules/logogrey.gifl Ian Salters COO Americas - Institutional Wealth Partners DB Securities Inc Deutsche Bank Wealth Management 345 Park Avenue, 10154-0004 New York, NY, USA Tel. Mobile +1 Email Visit us: http://deutschewealth.com EFTA01399686 {https://brandportal.intranet.db.com/img/modules/positive_impact_ENG.gif} IWP products and services are intended for and available only to sophisticated, experienced investors who qualify as "institutional accounts" under FINRA Rule 4512(c)(3), and are capable of evaluating the investment benefits and risks of, and exercising independent judgment in evaluating and determining whether to enter into, sophisticated trading strategies and financial transactions. Transactions are subject to relevant internal approvals of Deutsche Bank or its affiliates prior to execution, and no transaction, idea or opportunity discussed herein may be executed unless you are a client of Deutsche Bank and of the Institutional Wealth Partners group (IWP). Material herein regarding IWP products, investment ideas and solutions is for discussion purposes only. While brokerage services offered through the IWP Americas desk may include investment recommendations and brokerage advice, IWP does not provide investment management or investment advisory services, and private market opportunities and other products and services available through IWP are offered only on a non-advisory basis. This communication is confidential and personal to you, solely for your information and for discussion purposes only, and does not create any legally binding obligation. Reproduction or distribution of any material herein without our written consent is strictly forbidden. EFTA01399687