EFTA01356943.pdf

From: -- faf Salters ] Sent: 3/1/2019 2:49:37 PM To: Davide-A Sferrazza ; Daniel-E Kaiser Alan Brody Subject: FW: OTC Derivative trading with CIB Attachments: OTC Derivatives Project WM Client list 03.01.19.xlsx; deutsche-bank-ag--london-branch—terms-of-business-for- professional-clients-and-eligible-counterparties.pdf Classification: For Internal use only FYI From: Ian Salters Sent: Friday, March 01, 2019 2:27 PM To: Oliver Esslin er < >; Thomas Klemm < >; Kimberl Hart 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 [II 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 MIFID - breakdown Division Priority clients CIB Onboarded Remediate Per Se IOPt Up I Remediate Organizations Individuals ISG 32 5 27 5 27 25 2 IWP 20 13 8 10 10 7 3 We had already engaged JAX to start the KYC emediaiton processs and will add the additon 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 J 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: • CI B Onboarding • London Terms of Business • MIFID II documentation We can discuss further on our call on Monday. Kind regards. Ian Salters CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0043179 CONFIDENTIAL SDNY_GM_00189363 EFTA01356943