EFTA Document EFTA01406845

Subject: RE: KYC Breach SOUTHFINANMD Southern From: Mathew Negus Date: Tue, 17 A r 2018 07:10:33 -0400 To: Jimmy-H Xu Xavier Avila Akash Malhotra Cc: Joe Aglione Ian Salters Nina Tona Pankaj-A Chopra NCAOTC Derivatives Martin Zeman Alka Gopala 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 Cc: Joe Aglione Tona Derivatives Alka Gopala Subject: RE: KYC Breach_SOUTHFINANMD_Southern Financial, LLC_FFT Location [I] Mathew Negus , Ian Salters , Nina Pankaj-A Chopra NCAOTC , Martin Zeman Classification: For internal use only In general, everything should face FFT and other booking centres are only used in exceptional circumstances I believe Thanks EFTA01406845 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 Winchester House, 1 Great Winchester Street, EC2N 2DB London, United Kingdom Tel. Mobile Email From: Xavier Avila Sent: 17 April 2018 02:30 To: Jimmy-H Xu Akash Malhotra Cc: Joe A lione Tona Derivatives Alka Gopala Subject: RE: KYC Done, thanks. Mathew Negus Ian Salters a Martin Zeman Breach SOUTHFINANMD Southern Financial, Nina NCAOTC LLC FFT Location 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. [I] EFTA01406846 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 , OTC Derivatives , Martin Zeman Alka Gopala 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 EFTA01406847 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 Negus Cc: Joe Aglione Tona Derivatives ; Martin Zeman • Alka Gopala Subject: RE: KYC Breach_SOUTHFINANMD_Southern Financial, LLC_FFT Location [I] • Akash Malhotra an ; Pankaj-A Chopra a ers 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 Akash Malhotra ; Nina NCAOTC Cc: Shawn Staker NCAOTC Derivatives ; Pankaj-A Chopra ; Alka Gopala • Nina Tona ; ; Ian Salters artin Zeman u ject: : reach SOUTHFINANM out ern inancia , LLC_FFT Location [I] Classification: For internal use only EFTA01406848 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 • Nina Tona ; Ian Salters ew Negus Martin Zeman Gopala 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 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] EFTA01406849 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: G175714L Summit Code: SOUTHFINANMD Date of Trade: 13/04/2018 Client Name: Southern Financial, LLC We have got your name as a sales person from Summit application. 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. EFTA01406850 Summit screenshot: Trade Details {cid:image001.png@OlD3D561.AD31EA70} 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 Jaipur, India Tel. Email Escalations Contact:- 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. Please refer to https://db.com/disclosures for additional EU corporate and regulatory disclosures. Deutsche Bank does not render legal or tax advice, and the information contained in this communication should not be regarded as such. EFTA01406851 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. Please refer to https://db.com/disclosures for additional EU corporate and regulatory disclosures. Deutsche Bank does not render legal or tax advice, and the information contained in this communication should not be regarded as such. EFTA01406852