document_description: This document outlines the terms and conditions for trading securities with DBSI. It covers the purchase and sale of securities, restrictions on trading, handling of restricted securities, order placement and cancellation, aggregation of orders, transmission of instructions, the role of third parties like Pershing, and liens on securities. It specifies the responsibilities and rights of the client and DBSI, including the handling of unpaid balances, interest charges, and the security interest granted to DBSI.


source: doj

document_description: This document outlines the terms and conditions of an account agreement with Deutsche Bank Securities Inc. (DBSI). It covers various aspects such as the procedure in the event of an account owner's death, non-disclosure of confidential information, third-party authorizations, limitations of liability, customer inquiries, and the right to terminate or amend the agreement. It also specifies that the agreement is governed by the laws of the State of New York.

document_type: legal

document_subtype: Account Agreement


document_description: This document outlines the pre-dispute arbitration agreement between the Client, DBSI, and Pershing. It specifies that all parties waive the right to sue each other in court, with arbitration being the primary method for resolving disputes. The document details the arbitration process, including the limitations on discovery, the composition of the arbitration panel, and the rules governing the arbitration forum. It also addresses the conditions under which class actions may be brought to arbitration.

key_people: Client DBSI Pershing

document_subtype: arbitration agreement

key_organizations:
DBSI
Pershing
FINRA
Deutsche Bank Securities Inc.


document_description: The document outlines terms and conditions related to client accounts managed by DBSI, including notice provisions, potential conflicts of interest, SIPC coverage, and considerations for tax-exempt entities. It also provides definitions for key terms used in the agreement.

document_type: correspondence

document_subtype: account agreement

key_organizations:
DBSI
Deutsche Bank AG
Pershing
SIPC


document_description: This document is a margin addendum to an account agreement, outlining supplemental terms and conditions for opening a margin account. It covers mechanics and risks of margin, financing, interest and costs, demand loan terms, liens, consent to loan or pledge securities, and margin maintenance. The document specifies the rights of DBSI and Pershing regarding securities and other property in the margin account.

document_type: financial

document_subtype: Margin Account Agreement Addendum

key_organizations:
DBSI
Pershing
Deutsche Bank


document_description: This document is a margin agreement where the client acknowledges receipt, reading, and agreement to the terms, including a margin disclosure. It includes a pre-dispute arbitration clause and requires signatures from account owners or authorized parties for joint accounts or entities like trusts. The Haze Trust is mentioned as an entity with authority to borrow.

document_subtype: Margin Agreement


document_description: Consent form for electronic delivery of materials and communications from Deutsche Bank. Optional and revocable at any time.

document_subtype: consent form


document_description: Consent form for electronic delivery of materials and communications from Deutsche Asset & Wealth Management, including offering documents, prospectuses, and other communications. The consent applies to all accounts held with Deutsche Asset & Wealth Management and includes provisions for electronic delivery via email, facsimile, website, CD-ROM, or other electronic means. The client agrees to notify Deutsche Asset & Wealth Management of any changes to their email address or facsimile number.

title: Consent to Electronic Delivery of Materials and Communications

key_organizations:
Deutsche Asset & Wealth Management
Deutsche Bank AG
Deutsche Bank Securities Inc.
Deutsche Bank Trust Company Americas
Deutsche Bank National Trust Company
Deutsche Bank Trust Company, N.A.
Deutsche Bank Trust Company Delaware


document_description: This document is an application form for opening various types of deposit accounts with Deutsche Asset & Wealth Management, including checking accounts, money market deposits, and certificates of deposit. It also includes options for internet banking services and debit cards. The form is largely unfilled, with placeholders for account numbers, APY, terms, and other details.

title: DBTCA Deposit Account Opening Application

document_subtype: Deposit Account Opening Application

key_organizations:
Deutsche Asset & Wealth Management
DBTCA
DB AG NY


document_description: This document is an account application for The Haze Trust with Deutsche Bank Trust Company Americas (DBTCA). It includes customer identification policy information, joint account disclosure, and instructions for verbal communication. The document outlines the requirements for identifying account holders to comply with anti-money laundering laws and the responsibilities of account holders when providing verbal instructions.

document_subtype: Account Application


document_description: This document is an account opening application for The Haze Trust with Deutsche Asset & Wealth Management. It includes client information, account services selection, and terms regarding ACH and wire transfer limits. The document is signed by Jeffrey Epstein.

title: DB Private Wealth Online Plus Account Opening Application

document_subtype: Account Opening Application

key_organizations:
Deutsche Asset & Wealth Management
The Haze Trust


document_description: This document is a signature card for The Naze Trust account held at Deutsche Bank Trust Company Americas. It includes sections for account holder title, account number, and required signatures. Jeffrey Epstein is listed as a key individual associated with the account.

title: Deutsche Asset & Wealth Management Signature Card for The Naze Trust

document_subtype: Signature Card

key_organizations:
Deutsche Bank Trust Company Americas
The Naze Trust


document_description: This document is a signature card for The Naze Trust account held at Deutsche Bank Trust Company Americas. It includes options for account types and signature requirements, but specific details such as signatures, print names, and approval dates are not filled in. Jeffrey Epstein is listed as a key individual associated with the account.


document_description: This document is a Trust Authorization for The Haze Trust, managed by Deutsche Bank Securities Inc. It outlines the powers granted to the Trustees of the Trust, including opening and maintaining brokerage accounts, selling or exchanging Trust assets, investing in various securities, borrowing money, and appointing third parties for securities transactions. The document also notes that there are no restrictions on the Trustees' powers unless otherwise stated.

title: Trust Authorization for The Haze Trust

document_subtype: Trust Authorization

key_organizations:
Deutsche Bank Securities Inc.
The Haze Trust


document_description: The document outlines the responsibilities and obligations of the undersigned trustees in relation to a Trust managed by DBSI. It includes provisions for providing documents, complying with restrictions, notifying DBSI of changes, and indemnifying DBSI against liabilities.

document_subtype: Authorization Agreement


document_description: This document is an account agreement between J. Epstein Virgin Islands Foundation, Inc and Deutsche Bank Securities Inc. It outlines the terms and conditions governing the brokerage account, including client representations, rights of DBSI, cash account classification, order execution, and adherence to applicable laws.

title: Deutsche Asset & Wealth Management Account Agreement

key_organizations: Financial Industry Regulatory Authority, Inc.


document_description: This document outlines the terms and conditions for trading securities with DBSI. It covers the purchase and sale of securities, restrictions on trading, handling of restricted securities, order placement and cancellation, aggregation of orders, transmission of instructions, the role of third parties like Pershing, and liens on securities and other property. It specifies the responsibilities and rights of the client and DBSI, including the handling of cash accounts, margin accounts, and the security interest granted to DBSI.

document_subtype: contract

key_organizations: DBSI Pershing


document_description: This document outlines the terms and conditions of an account agreement between a client and DBSI. It covers various aspects such as satisfaction of indebtedness, fees, FDIC insurance, cash sweep selection, credit information, confirmations, recording conversations, and joint accounts.

key_organizations: Federal Deposit Insurance Corporation (FDIC)


document_description: This document outlines the pre-dispute arbitration agreement between the Client, DBSI, and Pershing. It specifies that all parties waive the right to sue each other in court, with arbitration being the primary method for resolving disputes. The document details the limitations and rules of arbitration, including the finality of awards, limited discovery, and the composition of arbitrators. It also specifies the arbitration forums and procedures, including the role of FINRA and the Federal Arbitration Act. The agreement includes provisions for equitable relief and class action limitations.


document_description: This document is a tax election/declaration form for clients to certify their tax status as either U.S. Persons or Non-U.S. Persons. It includes sections for U.S. citizens to provide their Taxpayer Identification Number (TIN) and certify their tax status under penalties of perjury. Non-U.S. Persons are required to submit the applicable IRS Form W-8 to certify their foreign status.

document_subtype: Tax Election/Declaration

key_organizations:
OBS
DBSI
Internal Revenue Service (IRS)


document_description: This document is an account agreement acknowledgment form where the client confirms receipt, understanding, and agreement to the terms and conditions, including a predispute arbitration clause. It also includes tax and compliance responsibilities for both individual and entity accounts, with specific instructions for ERISA employee benefit plan clients. The document requires signatures from account owners or authorized parties.

key_organizations: J. Epstein Virgin Islands Foundation, Inc


document_description: This document is an appendix to an account agreement, providing disclosures and definitions related to financial transactions and account management. It covers topics such as transaction confirmations, securities lending, trade report corrections, account sequestration, foreign securities risks, prohibition of freeriding, lottery allocation for callable securities, non-investment adviser capacity, and additional disclosures for non-U.S. residents.

document_subtype: Account Agreement Appendix

key_organizations:
DBSI
Pershing
Securities and Exchange Commission
Federal Reserve Board


document_description: This document outlines the terms and conditions of an Account Agreement between a client and DBSI, a subsidiary of Deutsche Bank AG. It covers topics such as notices and communications, potential conflicts of interest, SIPC coverage, tax implications for tax-exempt entities, and definitions of key terms. The agreement includes provisions for verbal notices, conflicts of interest due to DBSI's multiple roles, and SIPC coverage details. It also advises tax-exempt entities on potential tax liabilities and provides definitions for terms used in the agreement.


document_description: This document is a margin addendum to an account agreement, outlining supplemental terms and conditions for a client margin account. It covers mechanics and risks of margin, financing, interest and costs, demand loan terms, liens, consent to loan or pledge of securities, and margin maintenance. The document specifies the rights of Deutsche Bank Securities Inc. (DBSI) and Pershing regarding client securities and obligations.

key_organizations:
Deutsche Bank Securities Inc. (DBSI)
Pershing


document_description: This document outlines the rights and obligations of DBSI and Pershing in relation to securities and margin accounts. It includes provisions for buying securities, handling short sales, Reg T extensions, tax treatment of earnings, and other financial operations. The document also discusses the risks associated with margin trading and the responsibilities of the client in case of defaults or failures to deliver securities.


document_description: A margin agreement document requiring client acknowledgment and signature, including a pre-dispute arbitration clause. It includes sections for individual or joint accounts and corporate or trust accounts, with a confirmation of authority to borrow for non-natural persons.

key_people:
J. Epstein
Penner


document_description: This document is an officer's certificate for the J. Epstein Virgin Islands Foundation, Inc., authorizing certain individuals to open and maintain brokerage accounts at Deutsche Bank Securities Inc. It includes resolutions adopted by the Board of Directors, detailing the powers granted to designated persons, such as depositing, withdrawing, buying, and selling securities.

title: Corporate Account Authorization and Terms and Conditions

document_subtype: Corporate Account Authorization


document_description: This document is a corporate resolution certifying the powers and actions of a corporation. It confirms that the corporation is duly organized and existing under the laws of a state, and that no actions have been taken to rescind or amend the resolutions, which are in full force. It also states that no one other than the corporation has any interest in accounts opened in its name. The document includes a pre-dispute arbitration clause and requires a second certifying officer's signature if the first is listed in a specific section. It also notes the requirement for a Form W-8 if the client is incorporated outside the United States.

document_subtype: corporate resolution


document_description: This document outlines the terms and conditions for corporate accounts with Deutsche Bank Securities Inc. (DBSI). It includes details on account confirmations, cash account requirements, short and long orders, liens, authority to borrow, interest charges, and credit information. The document specifies the responsibilities of the client and DBSI, including the handling of transactions, securities, and obligations. It also covers the security interest and lien on securities and other property held by DBSI or its affiliates.

title: Terms and Conditions Corporate Accounts

document_subtype: Terms and Conditions

key_organizations:
Deutsche Bank Securities Inc.
Deutsche Bank AG
Pershing LLC


document_description: This document outlines the terms and conditions of an agreement between a client and Deutsche Bank Securities Inc. (DBSI). It covers the client's obligations to satisfy indebtedness, the loan or pledge of securities, aggregation of orders, and arbitration procedures. The document also includes important disclosures regarding SIPC protection and payment for order flow.

key_locations: 60 Wall Street, 23rd Floor, Mail Stop NYC60-2330, New York, NY 10005-2836

document_subtype: Agreement

key_organizations: Securities Investor Protection Corporation

reference_numbers: 09-PWM-0186 Corp Acct Auth & T&C (02/12) CORP


document_description: This document is an application form for opening various types of deposit accounts under Deutsche Asset & Wealth Management's Private Wealth Premium™ services. It includes options for personal and business accounts, internet banking services, and client relationship types. All fields are currently empty, indicating it is a blank form.


document_description: This document contains account information for J. Epstein Virgin Islands Foundation, including address and contact details. It outlines the customer identification policy and joint account disclosure for Deutsche Bank Trust Company Americas (DBTCA). The document emphasizes the importance of verifying customer identity to combat money laundering and terrorism financing, and details the terms for verbal instructions and joint account management.

title: Account Title and Joint Application Information

document_subtype: Account Information


document_description: This document is an execution of an instrument by J. Epstein Virgin Islands Foundation, Inc and Deutsche Bank Trust Company Americas. It includes placeholders for business and other user signatures and details.

key_organizations:
Virgin Islands Foundation, Inc
Deutsche Bank Trust Company Americas


document_description: This document is an account opening application for the DB Private Wealth Online Plus service, associated with the J. Epstein Virgin Islands Foundation, Inc. It includes client information, account services selection, and terms regarding ACH and wire transfer limits.


document_description: Signature card for J. Epstein Virgin Islands Foundation, Inc. with Deutsche Bank Trust Company Americas. The document outlines account holder title options and signature requirements, but lacks specific signatures or names.

title: Deutsche Asset & Wealth Management Signature Card


document_description: Signature card for J. Epstein Virgin Islands Foundation, Inc. with Deutsche Bank Trust Company Americas. The document outlines account holder title options and signature requirements, but specific details are left blank.

document_subtype: signature card


document_description: This document is a resolution from a not-for-profit organization designating Deutsche Bank Trust Company Americas as a depositary for its accounts. It outlines the authority given to certain officers to manage the account, including signing checks and authorizing wire transfers. The resolution also specifies the bank's rights and responsibilities in handling deposits and payment orders.

document_subtype: bank resolution


document_description: Certification document for an organization doing business under an assumed name, with instructions for signature requirements and confirmation by another officer.

document_subtype: certification


document_description: This document is an account agreement between The Haze Trust and Deutsche Bank Securities Inc. It outlines the terms and conditions governing the brokerage account, including client representations, rights of DBSI, cash account classification, order execution, and compliance with applicable laws.

key_locations: 6100 Red Hook Quarter B3, St. Thomas, U.S.V.I 00802

document_subtype: Account Agreement


document_description: This document outlines the terms and conditions for securities transactions between a client and DBSI. It covers the purchase and sale of securities, restrictions on trading, handling of restricted securities, order placement, aggregation of orders, transmission of instructions, the role of third parties, and liens on securities and other property. The document specifies the responsibilities and rights of both the client and DBSI, including the use of a third-party clearing agent, Pershing.


document_description: This document outlines the terms and conditions of an account agreement with Deutsche Bank Securities Inc. (DBSI). It covers various aspects such as the procedure in the event of an account owner's death, non-disclosure of confidential information, third-party authorizations, limitations of liability, customer inquiries, and the right to terminate or amend the agreement. It also specifies that the agreement is governed by the laws of the State of New York.


document_description: This document outlines the arbitration agreement between the Client, DBSI, and Pershing. It specifies that all parties waive the right to sue each other in court, except as allowed by arbitration forum rules or applicable law. Arbitration awards are final and binding, with limited court modification. Discovery is limited compared to court proceedings, and arbitrators are not required to explain their decisions unless requested. The arbitration panel will include some members affiliated with the securities industry. Time limits may apply for bringing claims to arbitration. The Client agrees to arbitrate disputes with DBSI or Pershing, with the option to choose the arbitration forum initially. The agreement is governed by the Federal Arbitration Act and New York law. Class actions are excluded from arbitration until certain conditions are met.

document_subtype: arbitration agreement

key_organizations:
DBSI
Pershing
FINRA
Deutsche Bank Securities Inc.


document_description: This document is a tax election/declaration form for account agreements, designed for both U.S. and Non-U.S. persons. It includes sections for U.S. citizens or resident aliens to fill out a substitute Form W9, and for Non-U.S. persons to submit Form W8 to certify foreign status. The document requires certification under penalties of perjury regarding the taxpayer identification number and backup withholding status.

document_subtype: tax document

key_organizations:
OBS
Internal Revenue Service


document_description: This document is an account agreement acknowledgment form where the client confirms receipt, understanding, and agreement to the terms and conditions, including a predispute arbitration clause. It also includes tax and compliance responsibilities for both individual and entity accounts, with specific instructions for ERISA employee benefit plan clients.

key_organizations:
DBSI
Internal Revenue Service
U.S. Department of Labor


document_description: This document is an appendix to an account agreement, providing disclosures and definitions related to financial transactions and account management. It covers topics such as transaction confirmations, securities lending, trade report corrections, account sequestration, foreign securities risks, prohibition of freeriding, lottery allocation for callable securities, non-investment adviser capacity, and additional disclosures for non-U.S. residents.


document_description: The document outlines terms and conditions related to client accounts with DBSI, including notices, conflicts of interest, SIPC coverage, and tax implications for tax-exempt entities. It also provides definitions for key terms used in the agreement.

document_subtype: account agreement

key_organizations: Securities Investor Protection Corporation (SIPC)


document_description: This document is a margin disclosure provided by Deutsche Bank Securities Inc. (DBSI) to inform clients about the risks and terms associated with trading securities on margin. It outlines the potential risks, including the possibility of losing more funds than deposited, forced sale of securities, and the firm's rights to liquidate assets without prior notice. It also covers the firm's ability to change margin requirements and the implications of short sales and securities lending.

title: Margin Disclosure Document

document_subtype: Margin Disclosure

key_organizations:
Deutsche Bank Securities Inc.
Pershing


document_description: This document outlines the supplemental terms and conditions for opening a margin account, including mechanics and risks of margin, financing, interest and costs, demand loan terms, liens, consent to loan or pledge of securities, and margin maintenance. It specifies the rights of DBSI and Pershing regarding securities and other property in the margin account.

title: Margin Addendum to Account Agreement

document_subtype: Margin Addendum

key_organizations:
DBSI
Pershing
Deutsche Bank


document_description: This document outlines the rights and obligations of DBSI and Pershing in relation to securities and margin accounts. It includes provisions for buying securities, short sales, Reg T extensions, mandatory close-out of short sales, tax treatment of earnings, rehypothecation, and additional risks associated with margin accounts. It also covers the handling of restricted securities and collection remedies.

document_subtype: contract

key_organizations:
DBSI
Pershing
Federal Reserve Bank
FINRA


document_description: A margin agreement document requiring client acknowledgment and signature, confirming receipt and agreement to terms, including a pre-dispute arbitration clause. It includes sections for individual, joint, and entity accounts, with a confirmation of authority to borrow for non-natural person accounts.

document_subtype: Margin Agreement


document_description: Optional form for consenting to electronic delivery of materials and communications from Deutsche Bank.

document_subtype: consent form


document_description: This document is an application form for opening various types of deposit accounts with Deutsche Asset & Wealth Management under the Private Wealth Premium™ program. It includes options for personal and business accounts, internet banking services, and client relationship types.

document_subtype: Deposit Account Opening Application

key_organizations:
Deutsche Asset & Wealth Management
DBTCA
DB AG NY


document_description: The document is an account application for The Haze Trust, including a notice of customer identification policy and joint account disclosure. It outlines the requirements for identifying account holders to comply with anti-money laundering laws and the terms for joint account management.

document_subtype: Account Application

key_organizations: Deutsche Bank Trust Company Americas (DBTCA)


document_description: This document is an execution of an instrument by The Haze Trust and Deutsche Bank Trust Company Americas, with Jeffrey Epstein as the authorized officer for The Haze Trust. The document is marked as confidential under Federal Rules of Criminal Procedure.

key_organizations:
The Haze Trust
Deutsche Bank Trust Company Americas


document_description: This document is an account opening application for DB Private Wealth Online Plus, associated with The Haze Trust. It includes client information, account services selection, and terms regarding ACH and wire transfer limits. The document is signed by Jeffrey Epstein.

key_locations:
U.S. Virgin Islands
St. Thomas

document_subtype: Account Opening Application

key_organizations:
Deutsche Bank
The Haze Trust


document_description: This document is a signature card for The Naze Trust account held at Deutsche Bank Trust Company Americas. It includes sections for account holder title, account number, number of signatures required, and spaces for signatures and print names of authorized individuals, including Jeffrey Epstein. The document is marked as confidential and subject to federal rules.

document_subtype: Signature Card

key_organizations:
Deutsche Bank Trust Company Americas
The Naze Trust


document_description: Signature card for The Naze Trust account at Deutsche Bank Trust Company Americas, associated with Jeffrey Epstein. The document includes fields for account holder title, account number, number of signatures required, and power of attorney details, but many fields are left empty.

title: Deutsche Bank Trust Company Americas - The Naze Trust


document_description: The document outlines the responsibilities and obligations of the undersigned trustees in relation to a Trust, including providing documents to DBSI, complying with Trust Instrument restrictions, and notifying DBSI of any changes. The trustees agree to indemnify DBSI against liabilities related to the Trust.

document_subtype: Authorization Agreement


document_description: This document is an account agreement between J. Epstein Virgin Islands Foundation, Inc and Deutsche Bank Securities Inc. It outlines the terms and conditions governing the brokerage account, including client representations, rights of DBSI, cash account classification, order execution, and compliance with applicable laws.

key_organizations: Financial Industry Regulatory Authority, Inc.


document_description: This document outlines the terms and conditions for securities transactions between a client and DBSI. It covers the purchase and sale of securities, restrictions on trading, handling of restricted securities, order placement and cancellation, aggregation of orders, transmission of instructions, the role of third parties like Pershing, and liens on securities and other property. The document specifies the responsibilities and rights of both the client and DBSI, including the handling of unpaid balances, interest charges, and the security interest granted to DBSI.

key_organizations: DBSI Pershing


document_description: This document outlines the terms and conditions of an account agreement between a client and DBSI. It covers various aspects such as satisfaction of indebtedness, fees, FDIC insurance, cash sweep selection, credit information, confirmations, recording conversations, and joint accounts. The agreement specifies the client's obligations, rights, and the bank's policies regarding account management.

key_organizations: Federal Deposit Insurance Corporation (FDIC)


document_description: This document outlines the terms and conditions of an account agreement with Deutsche Bank Securities Inc. (DBSI). It covers various aspects such as the procedure in the event of an account owner's death, non-disclosure of confidential information, third-party authorizations, limitations of liability, customer inquiries, and the right to terminate or amend the agreement. It also specifies that the agreement is governed by the laws of the State of New York.


document_description: This document outlines the pre-dispute arbitration agreement between the Client, DBSI, and Pershing. It specifies that all parties waive the right to sue each other in court, with arbitration being the primary method for resolving disputes. The document details the arbitration process, including the limitations on discovery, the composition of the arbitration panel, and the rules governing the arbitration forum. It also addresses the conditions under which class actions may be brought to arbitration.

document_subtype: Arbitration Agreement


document_description: This document is a tax election/declaration form for clients to certify their tax status as either U.S. Persons or Non-U.S. Persons. It includes sections for U.S. citizens or resident aliens to provide their taxpayer identification number and certify their tax status under penalties of perjury. Non-U.S. persons are required to submit the applicable IRS Form W-8 to certify their foreign status.

document_subtype: Tax Election/Declaration

key_organizations:
OBS
DBSI
Internal Revenue Service


document_description: This document is an account agreement acknowledgment form for clients, including a predispute arbitration clause and tax compliance responsibilities. It requires clients to acknowledge receipt and agreement to the terms, including a predispute arbitration clause, and to confirm their tax and compliance responsibilities. It also includes specific information for ERISA employee benefit plan clients and options for joint account ownership.

key_organizations: J. Epstein Virgin Islands Foundation, Inc


document_description: This document outlines the terms and conditions of an account agreement between a client and DBSI, a subsidiary of Deutsche Bank AG. It covers topics such as notices, possible conflicts of interest, SIPC coverage, tax-exempt entities, and definitions of terms used in the agreement. The document also discusses the roles and responsibilities of DBSI and its affiliates, potential conflicts of interest, and the implications for tax-exempt entities investing in certain securities.


document_description: This document outlines definitions related to a client's account management with DBSI, including terms like Branch Supervisor, Cash Sweep Options, DBSI Privacy Statement, Party or Parties, Restricted Securities, and Securities and Other Property.


document_description: This document is a margin disclosure provided by Deutsche Bank Securities Inc. (DBSI) to inform clients about the risks and terms associated with trading securities on margin. It outlines the potential risks, such as losing more funds than deposited, forced sale of securities, and changes in maintenance margin requirements. It also explains the rights of DBSI to sell securities without prior notice and the conditions under which securities may be loaned or rehypothecated.

title: Margin Disclosure Document


document_description: This document is a Margin Addendum to an Account Agreement, outlining the terms and conditions for opening a margin account. It covers the mechanics and risks of margin, financing, interest and costs, demand loans, liens, consent to loan or pledge of securities, and margin maintenance. The addendum specifies the rights of Deutsche Bank Securities Inc. (DBSI) and Pershing regarding securities and other property in the margin account.


document_description: Consent form for electronic delivery of materials and communications from Deutsche Asset & Wealth Management to J. Epstein Virgin Islands Foundation, Inc. The form outlines the terms and conditions for receiving documents electronically, including the requirement for the client to notify Deutsche Asset & Wealth Management of any changes to their email or facsimile number.

document_subtype: Consent Form


document_description: This document is an officer's certificate for the J. Epstein Virgin Islands Foundation, Inc., authorizing certain individuals to open and maintain brokerage accounts at Deutsche Bank Securities Inc. It outlines the powers granted to these individuals, including the ability to deposit, withdraw, and transfer funds, as well as buy and sell securities. The document also specifies the process for certifying changes in authority.

document_subtype: Corporate Account Authorization


document_description: This document is a corporate resolution certifying the powers and actions of a corporation. It confirms that the corporation is duly organized under state laws, and no actions have been taken to rescind or amend the resolutions, which are in full force. It also states that no one other than the corporation has an interest in any account opened in its name. The document includes a pre-dispute arbitration clause and requires a second certifying officer's signature if the first is listed in section 2. It also notes that clients incorporated outside the U.S. must complete a Form W-8.

document_subtype: corporate resolution


document_description: This document outlines the terms and conditions for corporate accounts with Deutsche Bank Securities Inc. (DBSI). It covers various aspects such as confirmations and transmission of instructions, cash account requirements, short and long orders, liens, authority to borrow, interest charges, and credit information and investigation. The document specifies the responsibilities and obligations of the client and DBSI, including the handling of securities, payment terms, and the granting of security interests.

title: Terms and Conditions Corporate Accounts

key_locations:
State of New York
United States

document_subtype: Terms and Conditions

key_organizations:
Deutsche Bank Securities Inc.
Deutsche Bank AG
Pershing LLC


document_description: This document outlines the terms and conditions of an agreement between a client and Deutsche Bank Securities Inc. (DBSI). It includes clauses on satisfaction of indebtedness, loan or pledge of securities, aggregation of orders, and arbitration. The client agrees to satisfy any indebtedness upon demand and pay collection costs. Securities may be lent or pledged by DBSI. Orders may be aggregated, potentially affecting pricing. Disputes are to be resolved through arbitration, with specific rules and limitations outlined. Important disclosures regarding account protection and payment for order flow are also included.

document_subtype: agreement

key_organizations: Securities Investor Protection Corporation


document_description: This document is an application form for opening various types of deposit accounts under Deutsche Asset & Wealth Management's Private Wealth Premium™ services. It includes options for personal and business accounts, internet banking services, and debit card services. The form is largely unfilled, with placeholders for account numbers, APY, terms, and other details.


document_description: This document is an account application for J. Epstein Virgin Islands Fol, detailing the account title, joint applicant information, and customer identification policy. It includes a notice of customer identification policy, a 3rd EU notice regarding anti-money laundering, and a joint account disclosure. The document outlines the responsibilities and liabilities of the account holders and the bank regarding verbal instructions and joint account management.


document_description: This document is an execution page for a legal instrument involving J. Epstein Virgin Islands Foundation, Inc and Deutsche Bank Trust Company Americas. It includes placeholders for signatures and dates for both business users and other users.


document_description: Application for opening a DB Private Wealth Online Plus account for J. Epstein Virgin Islands Foundation, Inc. Includes client information, account services selection, and terms regarding ACH and wire transfer limits.


document_description: This document is a signature card for the J. Epstein Virgin Islands Foundation, Inc. account at Deutsche Bank Trust Company Americas. It includes options for account holder types and spaces for signatures and approvals, all of which are currently empty.

document_subtype: signature card


document_description: This document is a signature card for the J. Epstein Virgin Islands Foundation, Inc account at Deutsche Bank Trust Company Americas. It includes options for account holder titles and requires signatures for account authorization.

title: Deutsche Bank Trust Company Americas - J. Epstein Virgin Islands Foundation, Inc Signature Card


document_description: A resolution by the Board of Directors of an unnamed not-for-profit organization designating Deutsche Bank Trust Company Americas as a depositary for the organization's accounts. The resolution authorizes the bank to honor orders for payment and deposit funds into the organization's account, subject to certain conditions and agreements.

document_subtype: bank resolution


document_description: A certification document for an organization doing business under an assumed name, with instructions for signature requirements and confirmation by another officer if necessary.

document_subtype: organizational certification


document_description: Trading authorization document for Southern Trust Company, Inc. allowing Theta Trading, LLC to trade securities on behalf of the account holder, Jeffrey Epstein, with Deutsche Bank Alex. Brown.

document_subtype: Trading Authorization

key_organizations:
Deutsche Bank Alex. Brown
Theta Trading, LLC
Southern Trust Company, Inc.


document_description: Trading authorization document for Southern Trust Company, authorizing Theta Trading, LLC to trade securities on behalf of the account holder, Jeffrey Epstein, with Deutsche Bank Alex. Brown.

key_organizations:
Deutsche Bank Alex. Brown
Theta Trading, LLC
Southern Trust Company


document_description: The document lists various financial holdings and their transferability status. It includes details of derivatives and assets under different identifiers, with specific notes on which holdings are transferrable and which are not.

document_type: tabular

document_subtype: financial holdings

key_organizations:
leepers Derivatives
Haze Derivatives
STC Asset
Southern Trust
SFFLC Asset
SFLLC Derivatives


document_description: J.P. Morgan Online financial positions statement for Carole Cameron as of September 11, 2013. The document lists various financial positions, including cash, forward contracts, and options, with details on quantities, prices, values, and gains/losses.


document_description: This document is a financial statement from J.P. Morgan detailing various foreign exchange options and forward contracts as of September 12, 2013. It includes positions in AUD, NZD, and GBP against USD, with specific details on style options, knock-in and knock-out rates, and total amounts. The document also provides information on investment products and services offered by J.P. Morgan and its affiliates.

document_subtype: financial statement

key_organizations:
J.P. Morgan
J.P. Morgan Securities LLC
J.P. Morgan Clearing Corp.
Chase Insurance Agency, Inc.
JPMorgan Chase Bank, NA


document_description: Request for wire instructions for Southern Trust Company, Inc. Money Market Account and brokerage type accounts.

key_people:
Jeanne
Amanda
Richard Kahn
Harry Beller


key_people: Amanda Jeanne


document_subtype: email

key_organizations:
Southern Trust Company, Inc.
Deutsche Bank


document_description: Email exchange regarding wire instructions for Southern Trust's money market account at Deutsche Bank Trust Company Americas.

key_people:
Amanda Kirby
Jeanne Brennan
Harry Beller
Richard Kahn
Paul Morris

document_subtype: email correspondence

key_organizations:
Deutsche Bank Trust Company Americas
Southern Trust Company, Inc.


document_description: A request for wire instructions for incoming wires for the Southern Trust Company, Inc. Money Market Account and brokerage type accounts.

title: Wire Instructions Request

key_people:
Amanda Kirby
Jeanne Brennan
Richard Kahn
Harry Beller

document_subtype: fax

key_organizations:
Deutsche Bank Trust Company Americas
Southern Trust Company, Inc.
Bank of New York
Pershing LLC


document_description: Amanda Kirby from Deutsche Bank Trust Company Americas is asked by Jeanne Brennan to provide wire instructions for incoming wires for the Southern Trust Company, Inc. Money Market Account.

title: Wire instructions

document_subtype: memo


document_description: A request for wire instructions for brokerage type accounts, sent by Jeanne. The communication contains confidentiality disclaimers and mentions Deutsche Bank's stance on legal and tax advice.


document_description: Jeanne Brennan requests wire instructions for the Southern Trust Company, Inc. Money Market Account and brokerage type accounts from Amanda Kirby.

key_people:
Jeanne Brennan
Amanda Kirby
Richard Kahn
Harry Beller


document_description: The document provides formats for money market/checking account wires and brokerage accounts, including details for Deutsche Bank Trust Company Americas and Bank of New York. It is marked as confidential under Federal Rule of Criminal Procedure 6(e).

title: Wire instructions

key_organizations:
Deutsche Bank Trust Company Americas
Bank of New York
Pershing LLC


document_description: Amanda Kirby from Deutsche Bank Trust Company Americas is asked by Jeanne Brennan for wire instructions for the Southern Trust Company, Inc. Money Market Account.


document_description: Request for wire instructions for brokerage type accounts.


document_description: A checklist of preliminary requirements and background information needed for ISDA account setup, including financial statements, ownership structure, legal documents, and contact information.

key_people:
Senior Manager
Internal Counsel
Compliance Officer

document_subtype: requirements checklist

key_organizations:
DB
TMG QA


key_people:
Amanda Kirby
Richard Kahn
Harry Beller
Jeanne

key_organizations:
Deutsche Bank
Southern Trust Company, Inc.


document_description: Internal communication regarding the preparation for ISDAs (International Swaps and Derivatives Association agreements). The sender is seeking assistance in identifying the responsible party for this task.

key_locations: 345 Park Avenue, 27th Floor, New York, NY 10154


document_description: The document discusses the vulnerability of Asian countries like India, Indonesia, and Malaysia to currency and bond market fluctuations. It highlights the percentage of external debt in short-term liabilities and foreign ownership of local currency bonds. Despite vulnerabilities, these economies are not in immediate danger of a currency crisis due to sufficient reserves. The document suggests that stabilization of global markets and policy adjustments could provide relief.

title: Asia's currency laggards need policy clarity and some breathing room

key_locations: India Indonesia Malaysia


document_description: The document is a research report discussing the need for policy clarity and breathing room for Asia's currency laggards. It includes important disclosures and an analyst certification by Taimur Beig.

document_type: other

document_subtype: research report


document_description: This document is a global research report prepared by Deutsche Bank AG or its affiliates. It includes contact information for key personnel and offices worldwide, a global disclaimer about the reliability and use of the information, and legal notices regarding the distribution and use of the report. The report emphasizes that the information is for informational purposes only and not an offer or solicitation for financial transactions.

title: Deutsche Bank Global Research Report

key_people:
David Folkerts-Landau
Marcel Cassard
Ralf Hoffmann
Bernhard Speyer
Guy Ashton
Richard Smith
Andreas Neubauer
Fergus Lynch
Steve Renard

key_locations:
Sydney, Australia
Frankfurt, Germany
Hong Kong
Tokyo, Japan
London, United Kingdom
New York, United States

document_subtype: report

key_organizations:
Deutsche Bank AG
Deutsche Securities Inc.


document_description: The document is a research report from Deutsche Bank's Markets Research on foreign exchange, focusing on FX Spot and the Financial Transaction Tax. It includes an image of various foreign banknotes.

title: Exchange Rate Perspectives

document_type: media

document_subtype: news clipping


document_description: This document is a report by Deutsche Bank Securities Inc. on exchange rate perspectives, focusing on FX and the Financial Transaction Tax. It includes currency forecasts, G10 FX valuation, capital flows, commodity prices, U.S. trade balance, and central bank reserves currency composition.

title: Exchange Rate Perspectives: FX and the Financial Transaction Tax


document_description: The document provides currency forecasts for various countries, including spot rates and forward rates for 3 months, 6 months, and 12 months. It covers industrialized countries, Latin America, Asia, and emerging Europe.

document_subtype: Currency Forecasts


document_description: The document discusses the European Commission's proposal for a Financial Transaction Tax (FTT) and its potential impact on the foreign exchange (FX) market. The FTT would tax securities transactions at 0.1% and derivatives at 0.01%, affecting financial institutions and indirectly impacting non-financial institutions. The proposal could significantly increase transaction costs in the FX market, particularly for swaps and forwards, potentially closing the non-spot FX market in Europe. The document references research by Oliver Wyman on the potential cost increases and discusses the broader implications for market structure and liquidity.

key_organizations:
European Commission
Global FX Division
Global Financial Markets Association
Oliver Wyman
Deutsche Bank Securities Inc.


document_description: The document discusses the impact of the Financial Transaction Tax (FTT) on the FX industry, highlighting the cascade effect on transaction costs. It explains how the FTT could lead to wider pricing for clients due to discouraged intermediation and multiple legs in FX transactions. The document includes a diagram illustrating the cost implications for financial and non-financial institutions under different scenarios.

document_subtype: financial analysis


document_description: The document discusses the potential negative implications of the proposed Financial Transaction Tax (FTT) on financial markets and the real economy, particularly focusing on its impact on German importers and exporters. It includes data on maturity periods and the number of participating member states in financial transactions, as well as the potential costs and effects on German exports.

key_people:
Gordon Bodnar
Gunther Gebhardt

key_locations:
Germany
Eurozone
East Asia

key_organizations: International Capital Market Association


document_description: The document discusses the impact of the Financial Transaction Tax (FTT) on German trade, including exports and imports. It provides data on German exports to Euro and Non-Euro areas and estimates the impact of FTT on German trade using different hedging ratios and trade intermediation levels. The document includes tables with maximum estimated impacts, basis point costs per transaction, and costs to German corporates.

key_organizations:
Deutsche Bank
Bloomberg Finance LP
BIS


document_description: The document discusses the impact of financial transaction taxes (FTT) on market efficiency, price discovery, and liquidity. It references studies on the effects of FTT in Japan and the US, highlighting how these taxes can widen bid-offer spreads and increase transaction costs. A table provides historical data on changes in tax rates and corresponding changes in bid-ask spreads.

key_people:
Liu
Pomeranets
Weaver
Oliver Wyman

key_locations:
Japan
New York State

key_organizations:
Deutsche Bank Securities Inc.
European Commission


document_description: The document discusses the potential impacts of the Financial Transaction Tax (FTT) on global financial markets, particularly focusing on the FX markets. It highlights the uncertainty surrounding the FTT's future, legal challenges, and concerns from European policymakers about its effects on bank funding and credit. The document also notes the potential adverse consequences for the FX markets, including increased transaction costs and reduced market liquidity.

key_people:
Oliver Harvey
Jens Weidmann
Christian Noyer

key_locations: Frankfurt London Dresden

key_organizations:
European Commission
European Council
Bundesbank
Banque de France
Deutsche Bank Securities Inc.


document_description: This document is a report discussing exchange rate perspectives and the financial transaction tax. It includes a disclaimer advising readers to consult legal and compliance advisors regarding regulatory provisions.

key_people:
Bilal Hafeez
Matt Holmes


document_description: The document provides an analysis of G10 FX valuation, highlighting that the euro appears expensive while the dollar is cheap. It includes a table of currency values relative to fair value and various figures illustrating exchange rate trends and deviations from purchasing power parity (PPP).


document_description: The document provides an analysis of various currency exchange rates, including EUR/CHF, EUR/CAD, AUD/NZD, CAD/NZD, JPY/NZD, and GBP/JPY. It includes figures and data on purchasing power parity (PPP) and 20% bands for these currency pairs, indicating whether currencies are expensive or at fair value against each other.

key_organizations:
Deutsche Bank Securities Inc.
DB FX Research


document_description: The document provides a tabular analysis of Behavioral and Fundamental Equilibrium Exchange Rates (BEER and FEER) for various currencies as of July 30, 2013. It includes figures and graphs comparing the fair value and spot rates of major currency pairs such as EUR/USD, USD/JPY, GBP/USD, and USD BIS TWI. The analysis is sourced from DB FX Research and includes notes on the BEER and FEER models.

key_organizations:
Deutsche Bank
BIS
Bloomberg


document_description: The document provides an analysis of exchange rate perspectives, focusing on the relationship between equity flows, the US dollar, and financial transactions. It includes various figures and tables illustrating trends in equity flows, foreign purchases of US treasuries and equities, and the basic balance trend since 2007.

key_organizations:
Deutsche Bank
US Treasury
Bloomberg Finance LP


document_description: The document provides an analysis of portfolio inflows, foreign interest in Canadian securities, net equity outflows, and net debt inflows. It includes data on Canadian and foreign flows, basic balance, and exchange rates over time.

title: Exchange Rate Perspectives: EX and the Financial Transaction Tax

key_locations: Canada Japan

key_organizations:
DB FX Research
Haver
Deutsche Bank Securities Inc.


document_description: The document provides an analysis of net bond, equity, money market, and capital flows over the years, highlighting trends and changes in financial markets. It includes data on net FDI inflows and exchange rates, with a focus on the United Kingdom's GBP/USD quarterly averages.

key_locations:
United Kingdom
Japan

key_organizations:
Deutsche Bank
DB FX Research
MOF
Haver


document_description: The document provides an analysis of net equity and net debt positions, portfolio flows, and basic balance trends in relation to exchange rates. It includes data on net portfolio flows, net holdings of equities and debts, and the basic balance in the Euro area.

document_subtype: financial report

key_organizations:
DB FX Research
Haver
BoE
Eurostat
Deutsche Bank Securities Inc.


document_description: The document provides an analysis of the EUR/USD exchange rate, highlighting its strong correlation with the bilateral basic balance with the US. It includes various figures and tables showing historical data and trends, such as the bilateral basic balance, net portfolio flows, and US purchases of euro area bonds. The analysis covers the period from 1999 to 2013, with data sourced from DB FX Research, Eurostat, Deutsche Bank, and the US Treasury.

key_organizations:
DB FX Research
Eurostat
Deutsche Bank
US Treasury
European Central Bank


document_description: The document provides an analysis of exchange rate perspectives, focusing on equity inflows and outflows, bond inflows and outflows, and foreign direct investment (FDI) trends. It includes data on net portfolio flows, bond yields, and the impact of foreign investment on Australian debt.

key_organizations:
Deutsche Bank
Bloomberg Finance LP
European Central Bank
DB FX Research
RBA


document_description: The document provides a detailed analysis of commodity prices, oil and natural gas prices, precious and industrial metals prices, and commodity currencies and their correlation with global growth cycles. It includes data from Deutsche Bank and Haver, with figures illustrating trends from 2002 to 2013.

key_organizations:
Deutsche Bank
Haver


document_description: The document contains various figures and analyses related to commodity price indices, including both nominal and real prices for non-energy and energy commodities. It includes trendlines and comparisons of commodity price indices from different regions, such as Canada, Australia, and New Zealand.


document_description: The document provides an analysis of export and import volumes in relation to exchange rate trends and financial transaction taxes. It includes various figures and tables showing correlations between export volumes, dollar valuation, import prices, and US domestic demand growth.


document_description: The document provides a tabular representation of U.S. exports and imports of goods and services over the last 13 months, along with a regional breakdown of the U.S. trade balance from 1998 to 2010. It includes data on export and import growth rates and trade balances with various countries and regions.

title: U.S. Exports and Imports of Goods and Services

key_locations:
U.S.
Canada
Mexico
Brazil
Western Europe
Germany
U.K.
Japan
China
Hong Kong
South Korea
Singapore
Taiwan


document_description: The document contains various tables showing the U.S. trade balance in different sectors such as excluding China & petroleum, petroleum products, capital goods, advanced technology, consumer goods, and industrial supplies from 1994 to 2012. It provides both monthly and annual balances in billions of U.S. dollars.


document_description: The document contains various figures and data on the U.S. trade balance with Western Europe, Canada, Mexico, and Latin America, as well as the U.S. current-account balance and savings and investment data from 1980 to 2010. The data is presented in both monthly and annual terms, sourced from DataStream and Deutsche Bank.

title: 30 July 2013 Exchange Rate Perspectives: FX and the Financial Transaction Tax

key_locations:
U.S.
Western Europe
Canada
Mexico
Latin America


document_description: The document provides a detailed analysis of the U.S. current-account balance over recent quarters and years, including balances on goods, services, investment income, and unilateral transfers. It also covers U.S. savings, investment, and net foreign investment data from 1998 to 2012.


document_description: The document provides an analysis of the USD share in world reserves from 1999 to 2012, highlighting trends in currency reserves including US dollars, Euros, Yen, Sterling, Swiss Franc, and other currencies. It includes data tables and figures illustrating the changes in currency reserves over time.

key_organizations:
COFER
IMF
DB FX Research
Deutsche Bank Securities Inc.


document_description: The document provides an analysis of exchange rate perspectives focusing on emerging markets (EM) and the financial transaction tax. It includes data on the growth of EM reserves, the diversification of currency reserves, and China's shift away from USD since 2004. The document contains tables and figures illustrating these trends.


document_description: This document is a research report discussing exchange rate perspectives and the financial transaction tax. It includes important disclosures and an analyst certification by Oliver Harvey from Deutsche Bank Securities Inc.


document_description: The document is a Deutsche Bank Markets Research report on foreign exchange strategies dated 16 May 2013. It outlines various themes for trading currencies, including buying and selling specific currency pairs and options. The report includes strategies such as buying USD against various currencies, selling GBP and CHF, and taking profits on short USD/MXN positions. The research team is based in multiple global locations including London, New York, Singapore, Sydney, and Tokyo.

title: Deutsche Bank FX Blueprint

key_people:
Bilal Hafeez
James Malcolm
Henrik Gullberg
George Saravelos
Caio Natividade
Siddharth Kapoor
Oliver Harvey
Nicholas Weng
Alan Ruskin
Daniel Biohon
Drausio Giacomelli
Guilherme Marone
Mauro Roca
Sameer Goel
Mallika Sachdeva
John Horner
Taisuke Tanaka

key_locations:
London
New York
Singapore
Sydney
Tokyo


document_description: The document provides an overview of the foreign exchange market trends in 2013, highlighting significant developments in Asia, Japan, and other G10 currencies. It discusses the impact of Abenomics on the yen, the resilience of the US dollar, and the performance of various currencies including the euro, GBP, CHF, and others. The document also reviews past trade performances and outlines future currency trade strategies.

title: FX Blueprint Dashing Buck

key_locations:
London
Asia
Japan
US
Euro-area
EM Asia
China
Korea
Thailand
Malaysia
Sweden
Norway
Canada
New Zealand
Australia
Brazil
Mexico
Israel
Hungary
South Africa
Turkey


document_description: The document discusses the outlook for the US dollar and euro, highlighting factors such as real interest rates and policy divergence between the Fed and ECB. It suggests a bullish view on the dollar and a bearish view on the euro, with expectations of a USD rally and potential EUR/USD decline.

key_people:
Bila! Hafeez
George Saravelos

key_organizations:
Deutsche Bank
Fed
ECB


document_description: The document discusses the economic strategies and forecasts related to Japan's economy, particularly under the leadership of Kuroda and Abe. It highlights the anticipated economic growth due to public investment and exports, and compares current yen weakness to historical periods. It also outlines key upcoming economic and political events in Japan.

title: FX Blueprint: Dashing Buck

key_people:
Kuroda
Abe
James Malcolm
Taisuko Tanaka

key_locations: Tokyo London


document_description: The document discusses the outlook for the Swiss Franc (CHF) and its position as a 'safe haven' currency. It suggests selling CHF against USD and EUR due to anticipated changes in Swiss investor behavior and global economic conditions. The document also compares CHF to gold in terms of safe-haven status and predicts a potential weakening of CHF in line with historical dollar cycles.

title: FX Blueprint: Dashing Buck

key_locations:
Switzerland
Eurozone
United States


document_description: The document discusses the supportive external backdrop for CAD, influenced by US data and Canadian commodity prices. It maintains a long position on CAD/JPY and suggests shorting NZD/CAD. The document also analyzes the influence of US data on Canadian economic trends and the resilience of CAD despite broader US data weaknesses. It includes tabular data on indicators like CAD TWI, mortgage applications, jobless claims, and Canadian building permits.

title: FX Blueprint: Dashing Buck

key_locations: Canada US


document_description: The document discusses the impact of the Japanese Yen (JPY) on Asian foreign exchange (FX) markets, highlighting the sensitivity of various currencies to the JPY and the influence of Japanese economic policies. It covers the performance of Asian currencies, particularly the USD/KRW, USD/SGD, and MYR/JPY pairs, and the effects of Japanese portfolio investments. The document also analyzes the potential for currency outperformance in Malaysia due to trade surpluses and portfolio rebalancing.

title: FX Blueprint Dashing Buck

key_people:
Sameer Goel
Mallika Sachdeva

key_locations: Singapore Malaysia Korea Japan

key_organizations:
Deutsche Bank
Bloomberg Finance LP


document_description: The document discusses the attractiveness of emerging market foreign exchange (EMFX) as a carry proposition due to elevated interest rate differentials and reduced volatility. It highlights the role of government intervention in FX movements and recommends short EUR/BRL and short EUR/CLP as carry trades. The document also analyzes the impact of Eurozone tail risks on EM currencies and provides insights into the BRL and MXN currencies.

title: FX Blueprint: Dashing Buck


document_description: The document discusses the impact of various economic factors on Latin American currencies, including the Central Bank of Mexico's suspension of the stabilization mechanism, Andean currencies' response to weakening fundamentals, and the Colombian policymakers' FX market intervention. It also includes a table of capital flows for different countries and provides recommendations for currency trades.

title: FX Blueprint: Dashing Buck

key_people:
Mauro Roca
Jose Vieira

key_locations: Mexico Colombia Chile

key_organizations:
Deutsche Bank
Central Bank of Mexico
Superintendent of Pension Funds


document_description: The document discusses the increase in trading volumes and realized volatility in the FX market, highlighting the impact of monetary divergence and global liquidity. It provides data on trading volumes and options market activity, noting significant increases in ADV for exchange-traded options, particularly in GBP, AUD, and CAD. The document also examines the role of monetary policies in sustaining the volume uptrend and provides historical data on trading volumes and volatility.

title: FX Blueprint: Dashing Buck


document_description: The document discusses the potential for increased trading volumes and monetary policy divergence leading to a broad-based volatility pick-up. It recommends specific trades such as buying a 6M GBP/USD variance swap and a 3M AUD/USD variance swap due to low transaction volumes and attractive historical realized volatility levels. It also provides a table of 6M realized z-scores for various currency pairs.

title: FX Blueprint: Dashing Buck

key_people:
Nicholas Weng
James Malcolm


document_description: Trade recommendation update from January 8, 2013, to May 14, 2013, detailing various currency trades and their performance. The document includes a table of trades with themes and gain/loss percentages, highlighting a hit ratio of 78% with an average gain/loss of +3.8%.

title: FX Blueprint: Dashing Buck


document_description: This document is a research report titled 'FX Blueprint: Dashing Buck' by Deutsche Bank AG/London. It includes important disclosures and an analyst certification by Bilal Hafeez. The report mentions that additional information is available upon request and provides a link for global disclosure look-up.

title: FX Blueprint: Dashing Buck


document_description: The document provides an analysis of currency correlations from 1995-2011 and 2002-2011 across various regions, with a focus on the expected modest appreciation of CNY against the dollar and the potential weakening of China-linked currencies like AUD. It also discusses the broader trend of dollar strength and its impact on emerging market currencies.

title: Exchange Rate Perspectives


document_description: The document provides a valuation monitor for various currencies against the USD, including historical data and purchasing power parity (PPP) comparisons. It includes tables and figures for currency valuations, USDTWI, EUR/USD, USD/JPY, USD/GBP, and USD/CHF.

title: Exchange Rate Perspectives


document_description: The document provides an analysis of exchange rates for various currency pairs over several years, including USD/CAD, USD/AUD, USD/NZD, EUR/JPY, EUR/GBP, and EUR/SEK. It includes historical data, purchasing power parity (PPP) comparisons, and 20% band thresholds to assess currency valuation.

title: Exchange Rate Perspectives

document_subtype: exchange rate analysis


document_description: The document provides an analysis of exchange rates using Behavioral and Fundamental Equilibrium Exchange Rates (BEER and FEER) models. It includes a table comparing various currencies against these models and discusses the valuation of EUR/USD, GBP/USD, USD/JPY, and USD BIS TWI in relation to BEER fair value.

title: Exchange Rate Perspectives


document_description: The document contains historical exchange rate data from Deutsche Bank, comparing Relative FEER Fair Value and Spot rates for various years. It includes multiple tables with data from 1980 to 2012, covering different currency pairs and their respective values.

title: Exchange Rate Perspectives


document_description: The document provides an analysis of G10 capital flows and basic balance monitor for the United States, including data on basic balance, USD TWI, net official flows, and net private non-treasury flows from 1978 to 2012. It includes various figures and tables illustrating trends in trade balance, private basis balance, and official inflows.

title: Exchange Rate Perspectives

document_date: February 2013

key_organizations:
Deutsche Bank
US Treasury
DB FX Research


document_description: The document provides an analysis of foreign direct investment (FDI) flows, net private and official bond flows, and net equity flows over various years. It includes graphical representations and tabular data sourced from DB FX Research and the US Treasury, highlighting trends in capital inflows, treasury purchases, and portfolio flows.

title: Exchange Rate Perspectives

key_organizations:
Deutsche Bank
US Treasury


document_description: The document provides an analysis of Japan's financial flows and exchange rates, including basic balance, net capital inflows, net equity flows, net FDI, and net bond outflows. It includes data tables and figures illustrating trends from 1991 to 2013.

title: Exchange Rate Perspectives

key_organizations:
Deutsche Bank
DB FX Research
MOF


document_description: The document provides an analysis of the UK's basic balance, net FDI inflows, net equity holdings, and net debt positions over various years. It includes figures and tables showing trends in GBP/USD exchange rates, net portfolio flows, and net UK debt holdings by foreigners.

title: Exchange Rate Perspectives

document_date: 28 February 2013


document_description: The document contains various figures and charts related to net portfolio inflows and outflows, equity market inflows, money market outflows, net bonds and notes flows, and equity inflows tracking the STOXX index. It provides data and analysis on financial trends from Deutsche Bank and the European Central Bank.

title: Exchange Rate Perspectives

key_organizations:
Deutsche Bank
European Central Bank


document_description: The document provides an analysis of Australia's exchange rate perspectives, focusing on net portfolio flows, net FDI inflows, and foreign investment in Australian debt and equities. It includes historical data on Australia's basic balance, AUD/USD exchange rates, and net debt liabilities.

title: Exchange Rate Perspectives

key_organizations:
Deutsche Bank
DB FX Research
RBA


document_description: The document provides an analysis of exchange rate perspectives with a focus on New Zealand's basic balance, FDI flows, net portfolio inflows, and foreign appetite for government bonds. It includes various figures and data sourced from DB FX Research and Haver.

title: Exchange Rate Perspectives

key_organizations:
Deutsche Bank
DB FX Research
NZ FinMin


document_description: The document provides a detailed analysis of commodity prices, currency exchange rates, and economic indicators over various years. It includes data on raw industrial materials, foodstuffs, metals, livestock, fats and oils, and CRB commodity prices. Additionally, it covers oil and natural gas prices, precious and industrial metals prices, and commodity currencies. The document also examines the dollar cycle and global growth cycle, with correlations over different periods.

title: Exchange Rate Perspectives

document_subtype: Commodity and Currency Report


document_description: The document provides various tables and figures related to exchange rate perspectives, including data on the Nominal CRB Index, World Industrial Production, USTWS, AUD, RBA Commodity Price Index, and long-run relationships. It includes elasticities and sources from Deutsche Bank and Haver.

title: Exchange Rate Perspectives


document_description: The document provides a series of tables and figures related to commodity price indices from various banks, including RBA, ANZ, and BoC, both in nominal and real terms. It includes data from 1986 to 2012, with average values and linear trendlines.

title: Exchange Rate Perspectives

key_organizations:
Deutsche Bank
RBA
ANZ
BoC


document_description: The document provides an analysis of export and import volumes, their correlation with exchange rates, and the impact on US domestic demand. It includes various figures and tables showing trends and correlations over time.

title: Exchange Rate Perspectives


document_description: The document provides a detailed analysis of U.S. trade balances across various commodities from 1994 to 2012, including exports-imports, petroleum products, capital goods, consumer goods, and industrial supplies. It includes monthly and annual trade balance figures in US dollars.

title: Exchange Rate Perspectives


document_description: The document contains various charts and tables depicting the U.S. trade balance with different countries and regions from 1994 to 2012. It includes data on trade balances with China, Japan, Western Europe, OPEC, and Canada, showing consistent trade deficits for the U.S. with these regions.

title: Exchange Rate Perspectives

key_locations:
U.S.
China
Japan
Western Europe
OPEC
Canada


document_description: The document provides an analysis of the U.S. trade balance with Mexico and Latin America from 1994 to 2012, as well as the U.S. current-account balance from 1980 to 2010. It includes detailed tables and figures showing the monthly and annual trade balances, and the current-account balance over the last 13 quarters.

title: Exchange Rate Perspectives

key_locations:
U.S.
Mexico
Latin America


document_description: The document contains two tables with U.S. economic data from 1998 to 2011. The first table presents the U.S. Current-Account Balance in billions of dollars, detailing balances on goods, services, investment income, and unilateral transfers. The second table shows U.S. Savings-Investment and Net Foreign Investment, including private and government sector balances.

title: U.S. Economic Data Tables


document_description: The document provides an analysis of central bank reserves currency composition, focusing on mature market (MM) and emerging market (EM) foreign exchange reserves from 1999 to 2012. It includes data on total FX reserves, MMFX reserves, and EMFX reserves, along with allocated and unallocated reserves. The report also discusses the currency composition of reserves reported to the IMF.

title: Exchange Rate Perspectives

key_organizations:
Deutsche Bank
IMF
FRB
Census
BEA
DB Global Markets Research


document_description: The document contains financial analysis and data on exchange rate perspectives, focusing on reserve growth in emerging markets, diversification strategies, and changes in currency shares. It includes figures and data from Deutsche Bank FX Research, COFER, and IMF, highlighting trends in currency reserves and diversification away from the USD, particularly by China since 2004.

title: Exchange Rate Perspectives

key_organizations:
Deutsche Bank
COFER
IMF


document_description: This document is an appendix from Deutsche Bank's report on exchange rate perspectives, including important disclosures and analyst certifications. It outlines the bank's credit rating key and recommendations for reference credit instruments.

title: Exchange Rate Perspectives


document_description: This document is a global research report from Deutsche Bank AG, detailing the organizational structure, principal locations, and a global disclaimer regarding the information and opinions presented in the report. It includes contact information for various regional offices and outlines the risks associated with foreign exchange transactions.

title: Deutsche Bank Global Research Report

key_people:
David Folkerts-Landau
Marcel Cassard
Ralf Hoffmann
Bernhard Speyer
Guy Ashton
Richard Smith

key_locations:
London
New York
Hong Kong
Tokyo
Frankfurt
Moscow
Singapore
Sydney
Dubai


document_description: This document is a research report from Deutsche Bank's Markets Research division, focusing on US Equity Insights. It includes key forecasts for the S&P 500, such as year-end targets, EPS, and P/E ratios for 2013 to 2015. The report discusses the impact of treasury yields on S&P EPS, pension expenses, and financial earnings. It also provides reasons not to fear a 3%+ 10-year yield and discusses the implications of higher interest rates on the S&P 500's valuation.

title: US Equity Insights

key_people:
David Bianco
Priya Hariani
Ju Wang

key_locations:
North America
United States

document_subtype: Research Report


document_description: The document discusses reasons not to fear a 3%+ 10-year yield, highlighting that interest expense is relatively small and likely overpowered by pension swings. It includes historical data on S&P ex-financials net debt/market cap and long-term debt/total debt percentages, as well as figures on interest expense and corporate bond yields.

title: US Equity Insights

key_organizations:
Deutsche Bank
Bank of America Merrill Lynch


document_description: The document provides an analysis of the S&P 500's trailing PE and implied equity risk premium from 1960 to 2012. It discusses the relationship between Treasury yields and dividend yields, and projects future dividend growth. The document includes tables and figures illustrating historical PE ratios, equity risk premiums, and dividend growth rates.

title: US Equity Insights

key_organizations:
S&P
FRB
Deutsche Bank


document_description: This document is an equity research report from Deutsche Bank Securities Inc. It includes important disclosures, analyst certifications, and equity rating keys. The report provides a summary of equity ratings, including Buy, Hold, and Sell recommendations, and their definitions. It also includes a table showing the dispersion of equity ratings and banking relationships.

title: US Equity Insights


document_description: The document outlines various regulatory disclosures related to Deutsche Bank's equity research. It includes conflict disclosures, short-term trade ideas, and country-specific disclosures for Australia, New Zealand, Brazil, EU countries, Japan, and Russia. The document emphasizes the importance of reviewing these disclosures before investing.

title: US Equity Insights - Regulatory Disclosures

key_locations:
Australia
New Zealand
Brazil
EU countries
Japan
Russia

key_organizations: Type II Financial Instruments Firms Association

key_organizations: The Financial Futures Association of Japan

reference_numbers:
CVM Instruction # 483
Registration number - Kinsho No. 117


document_description: This document is a global disclaimer from Deutsche Bank AG, outlining the reliability of information, potential conflicts of interest, and legal disclaimers related to investment advice and securities transactions. It emphasizes that the information is believed to be reliable but not guaranteed for accuracy or completeness. The document also details the distribution and approval of the report in various jurisdictions and the responsibilities of Deutsche Bank entities in those regions.

title: Global Disclaimer

key_people:
David Folkerts-Landau
Marcel Cassard
Ralf Hoffmann
Bernhard Speyer
Guy Ashton
Richard Smith
Fergus Lynch
Andreas Neubauer
Steve Pollard

key_locations:
Sydney, Australia
Frankfurt, Germany
Hong Kong
Tokyo, Japan
London, United Kingdom
New York, United States
Singapore
Johannesburg, South Africa

document_subtype: disclaimer

key_organizations:
Deutsche Bank AG
Deutsche Bank Securities Inc.
Deutsche Securities Inc.
BHF-Bank AG


document_description: A request for a meeting at 2:15 or 2:30 PM to discuss an unspecified topic.


document_description: The document provides an analysis of the depreciation of three Asian currencies (Indian rupee, Indonesian rupiah, and Malaysian ringgit) since May 22, 2013, due to taper-related volatility. It discusses the vulnerability metrics of these currencies and the economic conditions of India, Indonesia, and Malaysia, highlighting their current account balances, budget deficits, and public sector debt.

title: Deutsche Bank Research - Asia Currency Update

key_locations: India Indonesia Malaysia


document_description: The document discusses the contradictory monetary policies in India and Indonesia, highlighting the need for policy clarity to stabilize currency markets. It includes a table of reserves for India, Indonesia, and Malaysia.

title: Asia's Currency Laggards Need Policy Clarity and Some Breathing Room


document_description: The document is a research report discussing the need for policy clarity and breathing room for Asia's currency laggards. It includes important disclosures and an analyst certification by Taimur Beig from Deutsche Bank AG/Hong Kong.


document_description: A Deutsche Bank Markets Research report discussing foreign exchange perspectives and the financial transaction tax, featuring a collage of various foreign currency banknotes.


document_description: This document contains a table of contents for a report on currency forecasts, FX and the financial transaction tax, G10 FX valuation, capital flows, commodity prices, U.S. trade balance, and central bank reserves currency composition.


document_description: The document provides currency forecasts for various countries, including industrialized countries, Latin America, Asia, and emerging Europe. It includes spot rates and forward rates for different time frames (3M, 6M, 12M) for each currency pair.

key_locations:
United States
Eurozone
Japan
United Kingdom
Canada
Australia
New Zealand
Switzerland
Norway
Sweden
Argentina
Brazil
Chile
Colombia
Mexico
China
Hong Kong
India
Indonesia
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Czech Republic
Hungary
Poland
Russia
Turkey
South Africa


document_description: The document discusses the European Commission's proposal for a Financial Transaction Tax (FTT) to be implemented by 11 EU member states. The FTT would tax securities transactions at 0.1% and derivatives at 0.01%, affecting financial institutions involved in transactions where one party is in a participating state. The FTT could significantly increase transaction costs in the FX market, potentially closing the non-spot FX market in these states. It may also conflict with global financial reform efforts. The European Council approved negotiations for the FTT on January 22, 2013, after an EU-wide FTT proposal in 2011 failed to gain unanimous support.

key_organizations:
European Commission
European Council
Deutsche Bank Securities Inc.


document_description: The document discusses concerns about the Financial Transaction Tax (FTT) and its potential impact on the foreign exchange (FX) market. It highlights the risk of increased costs for end users, reduced liquidity, and inefficiencies in the FX market. The document also critiques the lack of exemptions for non-financial entities and the potential negative impact on European companies' competitiveness. It outlines how the FTT would be applied to various financial transactions, excluding FX spot transactions.

key_locations: Europe Germany

key_organizations:
European Commission
Deutsche Bank Securities Inc.


document_description: The document discusses the Financial Transaction Tax (FTT) proposal, which would apply to financial institutions such as investment firms, trading platforms, insurance companies, and others. It outlines exceptions, territorial reach, and the calculation and payment process of the FTT. The proposal aims to prevent relocation of trading activities by applying the 'issuance principle' to securities issued in participating states. The document also highlights the difference between headline and effective costs due to the 'cascade effect' of the tax.


document_description: The document discusses the impact of the Financial Transaction Tax (FTT) on the FX industry, highlighting the cascade effect where multiple stages of FX transactions could be taxed, leading to increased costs. It provides a table comparing the costs for financial and non-financial institutions under different scenarios, illustrating how a headline rate of 1bp can escalate to an effective rate of up to 8bp for a USD/INR NDF transaction.


document_description: The document discusses the potential impact of the Financial Transaction Tax (FTT) on FX markets, highlighting significant increases in transaction costs, particularly for short-term FX swaps and forwards. It compares the impact of the FTT to the Lehman liquidity crisis and notes the high turnover in FX markets, which would exacerbate the cost increases.

key_organizations:
Global FX Division
Global Financial Markets Association
Deutsche Bank
Bloomberg Finance LP


document_description: The document discusses the impact of the Financial Transaction Tax (FTT) on German trade, including exports and imports. It provides data on German exports to Euro and Non-Euro areas and estimates the impact of FTT on German trade using different hedging ratios and intermediation levels. The document includes tables with maximum estimated impacts, basis point costs per transaction, and costs to German corporates.

key_organizations:
Deutsche Bank
Bloomberg Finance LP
BIS


document_description: The document discusses the implications of the Financial Transaction Tax (FTT) proposed by the European Commission on financial market reform efforts. It highlights concerns that the FTT may discourage financial intermediation and central clearing, which are key to reducing systemic risks. The document also explores the potential impact of the FTT on non-financial corporations and other market efforts to reduce risk, such as portfolio compression trades. The FTT's broad implications for major trading centers, particularly London, are also examined.

key_organizations:
European Commission
Dodd Frank Act
EMIR
Basel III
Deutsche Bank Securities Inc.


document_description: This document is a report discussing exchange rate perspectives and the financial transaction tax, intended to provide background information. It advises readers to consult with legal and compliance advisors regarding regulatory provisions.


document_description: The document provides an analysis of G10 FX valuation, highlighting that the euro appears expensive while the dollar is cheap. It includes a table of currency values relative to fair value and various figures illustrating the valuation of different currency pairs.


document_description: The document provides an analysis of various currency exchange rates, highlighting overvaluation and undervaluation trends. It includes figures and data on USD/CAD, USD/AUD, USD/NZD, EUR/JPY, EUR/GBP, and EUR/SEK exchange rates, with a focus on currency valuation against historical trends and purchasing power parity (PPP).


document_description: The document provides an analysis of various currency exchange rates, including EUR/CHF, EUR/CAD, AUD/NZD, CAD/NZD, JPY/NZD, and GBP/JPY. It includes figures and data on purchasing power parity (PPP) and 20% bands for these currency pairs, indicating whether currencies are expensive or at fair value against each other.


document_description: The document provides an analysis of various currency pairs against their BEER Fair Value, highlighting which are cheap or expensive. It includes figures and charts for USD/CAD, AUD/USD, NZD/USD, USD/CHF, USD/NOK, and USD/SEK.


document_description: The document provides exchange rate perspectives, focusing on the USD/CHF, USD/NOK, and USD/SEK currency pairs. It includes tables comparing the Relative FEER Fair Value and Spot rates from 1980 to 2012, indicating whether the currencies are expensive or close to their fair value.


document_description: The document provides an analysis of the G10 capital flows and basic balance monitor, focusing on the United States. It includes various figures and data on trade balance, net foreign US inflows, private basis balance, and official inflows. The analysis is sourced from DB FX Research and US Treasury.

key_organizations:
Deutsche Bank Securities Inc.
US Treasury
DB FX Research


document_description: The document provides an analysis of portfolio inflows, foreign interest in Canadian securities, net equity outflows, and net debt inflows. It includes data on Canadian flows abroad, foreign inflows, and net FDI outflows. The document contains several figures and tables illustrating trends in portfolio flows, basic balance, and currency exchange rates over time.

key_locations: Canada Japan

key_organizations:
DB FX Research
Deutsche Bank Securities Inc.


document_description: The document contains various figures and data related to net equity and net debt positions, portfolio flows, net holdings of equities and debt, and the basic balance trends in the Euro area. It includes graphical representations and data from Deutsche Bank FX Research and other sources.

key_organizations:
Deutsche Bank
BoE
Eurostat


document_description: The document provides an analysis of exchange rate perspectives focusing on FX and the financial transaction tax. It includes various figures and tables depicting equity inflows, bond inflows, and net portfolio flows over time. The data sources include Deutsche Bank, Bloomberg Finance LP, European Central Bank, and RBA.

key_organizations:
Deutsche Bank
Bloomberg Finance LP
European Central Bank
RBA


document_description: The document provides a series of financial tables and figures related to exchange rates, equity liabilities, debt holdings, and financial flows between Australia and foreign entities, as well as New Zealand's basic balance and FDI flows. It includes data from various years and sources such as DB FX Research and RBA.

key_locations:
Australia
New Zealand

key_organizations:
DB FX Research
RBA
Haver
NZ FinMin
Deutsche Bank Securities Inc.


document_description: The document provides a detailed analysis of exchange rates and financial transaction taxes, including various commodity prices and currency exchange rates over time. It includes data on raw industrial materials, foodstuffs, metals, livestock, fats and oils, oil and natural gas prices, precious metals, industrial metals, and commodity currencies.

key_organizations:
Deutsche Bank
DB FX Research
Haver


document_description: The document provides a detailed analysis of the long-run relationship between exchange rates and commodity prices for NZD/USD and CAD/USD. It includes tables and figures showing historical data and long-run elasticities for commodity prices and GDP.


document_description: The document contains a table comparing nominal commodity price indices from RBA, ANZ, and BoC over various years, along with real commodity price indices and trendlines. It includes data from 1986 to 2012 and sources from Deutsche Bank and Haver.

key_organizations:
Deutsche Bank
RBA
ANZ
BoC


document_description: The document provides an analysis of the U.S. trade balance, industrial growth, and export-import dynamics over several years. It includes various figures and tables illustrating the U.S. trade deficit, industrial production, export and import value growth, and export volume growth in relation to external demand.


document_description: The document provides an analysis of export and import volumes in relation to exchange rate trends and financial transaction taxes. It includes various figures and tables showing correlations between export volumes, dollar valuation, import prices, and US domestic demand growth.


document_description: The document provides a detailed tabular analysis of U.S. trade balances with various countries and regions from 1994 to 2012. It includes data on monthly and annual trade balances with China, Japan, the Pacific Rim (excluding China and Japan), OPEC, and Deutsche Bank Securities Inc. The data shows trends in trade deficits and surpluses over the years.

key_locations:
U.S.
China
Japan
Pacific Rim
OPEC

document_subtype: financial data


document_description: The document provides a series of figures and data visualizations related to the U.S. trade balance with various regions (Western Europe, Canada, Latin America, Mexico) and the U.S. current-account balance. It includes both monthly and annual data, as well as savings and investment balances for the private and government sectors.

key_locations:
U.S.
Western Europe
Canada
Latin America
Mexico

key_organizations:
Deutsche Bank
DataStream


document_description: The document provides an analysis of foreign exchange reserves, highlighting the growth of emerging market holdings and the modest growth of mature market reserves. It includes detailed tables on total FX reserves, currency composition, and allocations for both mature and emerging markets.

key_organizations:
FRB
Census
BEA
DB Global Markets Research
COFER
IMF
Deutsche Bank Securities Inc.


document_description: The document is a research report discussing exchange rate perspectives and the financial transaction tax. It includes important disclosures and an analyst certification by Oliver Harvey from Deutsche Bank Securities Inc.


document_description: The document discusses regulatory disclosures, short-term trade ideas, and country-specific disclosures related to Deutsche Bank's equity research. It also covers risks associated with fixed income positions, including macroeconomic fluctuations, interest rate changes, and FX risks.

key_locations:
Australia
New Zealand
Brazil
EU countries
Japan
Malaysia
Russia

key_organizations: Type II Financial Instruments Firms Association

reference_numbers: Registration number - Registered as a financial instruments dealer by the Head of the Kanto Local Finance Bureau (Kinsho) No. 117


document_description: This document is a global research report prepared by Deutsche Bank AG or its affiliates. It includes contact information for key personnel and offices worldwide, and a disclaimer about the reliability and use of the information provided. The report discusses the risks associated with foreign exchange transactions and the responsibilities of Deutsche Bank in various jurisdictions.

title: Deutsche Bank Global Research Report

key_people:
David Folkerts-Landau
Marcel Cassard
Ralf Hoffmann
Bernhard Speyer
Guy Ashton
Richard Smith
Andreas Neubauer
Fergus Lynch
Steve Pollard

key_locations:
Sydney, Australia
Frankfurt, Germany
Hong Kong
Tokyo, Japan
London, United Kingdom
New York, USA

key_organizations:
Deutsche Bank AG
Deutsche Bank Securities Inc.
Deutsche Securities Inc.


document_description: The document outlines Deutsche Bank's foreign exchange market strategies as of May 16, 2013, including various themes for currency trading such as buying USD against other currencies and specific trading strategies for different currency pairs.

title: Deutsche Bank FX Blueprint

key_locations:
London
New York
Singapore
Sydney
Tokyo


document_description: The document discusses the performance of the US dollar in 2013, highlighting its strength against G10 and emerging market currencies. It notes the lack of foreign inflows into US equity markets despite US outperformance and discusses the significant increase in Chinese FX reserves. The document includes tables showing the dollar's trend, equity flows, and China's reserve changes.

title: FX Blueprint: Dashing Buck

key_locations: US China Euro-area Japan Asia


document_description: The document discusses the outlook for the US dollar and euro, highlighting factors such as real interest rates and policy divergence between the Fed and ECB. It suggests a bullish view on the dollar and a bearish view on the euro, with expectations of a USD rally and EUR/USD decline.

title: FX Blueprint: Dashing Buck

key_people:
Bilal Hafeez
George Saravelos


document_description: The document discusses the bearish outlook on the British Pound (GBP) due to various economic factors. It highlights the extreme positive UK data surprises compared to the US and Euro-area, the negative impact of low real yields on portfolio inflows, and the deteriorating investment income balance. It also mentions the risks associated with political and policy changes in the UK, including the EU membership referendum and regulatory burdens on the financial sector.

title: FX Blueprint: Dashing Buck

key_locations: UK Eurozone US


document_description: The document discusses the supportive external backdrop for the Canadian dollar (CAD) due to US data and Canadian commodity prices. It maintains a long position on CAD/JPY and suggests shorting NZD/CAD. The document includes analysis of US and Canadian economic indicators and their impact on CAD, as well as model predictions for currency pairs.

title: FX Blueprint: Dashing Buck

key_locations: Canada US


document_description: The document discusses the trends and expectations in the foreign exchange market, particularly focusing on the NZD/CAD and AUD/USD currency pairs. It highlights the potential for shorting NZD/CAD due to overpricing of good news in NZD and discusses the resilience of AUD due to global monetary conditions, Chinese economic growth, and mining-related FDI inflows. The document also suggests strategies for trading AUD/USD options.

title: FX Blueprint: Dashing Buck


document_description: The document discusses the Norwegian krone's performance against the euro, influenced by weaker crude oil prices and Norges Bank's monetary policy challenges. It highlights the factors affecting the krone's outlook, including household debt, house prices, and external economic conditions. The document also includes projections and targets for the NOK/SEK exchange rate.

title: FX Blueprint: Dashing Buck

key_locations: Norway Sweden

key_organizations:
Deutsche Bank
Norges Bank


document_description: The document discusses the economic situation in Sweden, focusing on the Riksbank's monetary policy in response to deflation and its impact on the Swedish krona (SEK). It includes a detailed analysis of CPI projections, retail sales, consumer sentiment, and manufacturing data. The document also provides a table comparing Riksbank's CPI estimates with actual CPI from 2000 to 2014 and charts on domestic vs. imported inflation and household debt as a percentage of disposable income.

title: FX Blueprint: Dashing Buck

key_locations: Sweden London

key_organizations:
Riksbank
Deutsche Bank


document_description: The document discusses the impact of the Japanese Yen (JPY) on Asian foreign exchange (FX) markets, highlighting the sensitivity of various currencies to the JPY and the influence of Japanese economic policies. It covers the performance of Asian currencies, the impact of Japanese portfolio investments, and the potential for currency interventions. The document also analyzes the competitive dynamics between Korea and Japan, the role of the Singapore Dollar (SGD), and the Malaysian Ringgit (MYR) in the context of regional FX trends.

title: FX Blueprint Dashing Buck

key_locations: Singapore Japan Korea Malaysia

key_organizations:
Deutsche Bank
Bloomberg Finance LP


document_description: The document discusses the current state and potential future trends in the EMEA FX market, highlighting the impact of global themes and country-specific factors on price action. It covers the monetary policies of Hungary, South Africa, and the Czech Republic, focusing on rate cuts and currency weakness. The document includes figures illustrating growth gaps, currency unit per USD, and Czech disinflation.

title: FX Blueprint: Dashing Buck

key_people:
Governor Marcus
Governor Singer

key_locations:
Hungary
South Africa
Czech Republic

key_organizations:
NBH
SARB
Czech National Bank
Deutsche Bank


document_description: The document discusses the impact of global disinflation on EMEA FX policy, highlighting the Czech Republic's policy easing and the challenges faced by Israel, Poland, and Turkey. It outlines trades in various currencies, including EURHUF, USD/TRY, USD/ILS, PLN/CZK, and USD/ZAR, and discusses the risks associated with these trades.

title: FX Blueprint: Dashing Buck

key_locations:
Czech Republic
Israel
Poland
Turkey

key_organizations:
Deutsche Bank
CNB
NBP


document_description: The document discusses the attractiveness of emerging market foreign exchange (EMFX) as a carry proposition due to elevated interest rate differentials and reduced volatility. It highlights the role of government intervention in FX movements and recommends short EUR/BRL and EUR/CLP as carry trades. The document also analyzes the impact of Eurozone tail risks on EM currencies and provides a detailed analysis of BRL and MXN currencies.

title: FX Blueprint: Dashing Buck

key_locations: Eurozone Brazil Mexico