European Market Infrastructure Regulation

Clearing and Account Segregation

EMIR – Account Segregation

EMIR requires that each Central Clearing Counterparty (CCP) and its clearing members offer its clients at least the choice between omnibus client segregation and individual client segregation.

CCPs and clearing members are required to publicly disclose the levels of protection and the costs associated with the different levels of segregation that they provide.

CCPs and clearing members are also required to disclose certain fee information with respect to the services that they offer.

This webpage contains Deutsche Bank EMIR clearing member disclosure documents which may be updated from time to time.

Please contact your relationship manager with any questions.

Deutsche Bank EMIR and MiFID II Clearing Member Risk Disclosure Document (Note that this document contains links to the risk disclosures of the CCPs.)

Deutsche Bank EMIR, MiFID II and MiFIR Clearing Member Risk Disclosure for Direct Clearing and Indirect Clearing of Listed Derivatives Document

Deutsche Bank EMIR Clearing Member Price Disclosure Document and MiFID II and MiFIR Conditions for Provision of Clearing Service Document

Deutsche Bank EMIR Clearing Member Price Disclosure Document and MiFID II Conditions for Provision of General Clearing Member for Securities Document

Securities Services Listed Securities General Clearing Member Germany Price Disclosure re EMIR and MiFID II Document

Further, for customers of Deutsche Bank Securities Inc. (DBSI) that (i) have elected to enter into derivatives transactions that may be cleared by a clearing organization that is authorized as a CCP in accordance with EMIR, and (ii) are entitled to the protections of EMIR, this webpage also contains the DBSI EMIR clearing member disclosure statement which may be updated from time to time.

DBSI EMIR Clearing Member Disclosure Statement

As DBSI is registered with the Commodity Futures Trading Commission (Commission) as a futures commission merchant (FCM), DBSI must comply with the provisions of the US Commodity Exchange Act and the Commission's rules governing the protection of customer assets and positions, as well as EMIR. The forms of client segregation that FCMs may provide differ in certain respects from the forms provided under EMIR.

EMIR – Mandatory Clearing

EMIR Clearing – Briefing Note on the EU Mandatory Clearing Obligation

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