TicketNotionalValue

High

Number of Tickets Low

One-off high valueTransactionsValue Drivers: Best execution is the priority,remains in the relationship channel, selecting one bank counterparty with sufficient liquidity to manage the transaction with minimal market impact. Algorithmic Trading can play a role.

Core day to day treasurytransaction management Value Drivers: Best price, speed of execution, netting and allocation to relationship banks. Straight through processing to reduce costs. Autobahn Treasury

“under the radar” TransactionsValue Drivers: Low cost, integrated processing, transparent and consistent pricing. Allocation across multiple bank counterparties adds costs, reduces netting benefits and has low value to the banking partners as well. Best serviced via a single bank relationship – FX4Cash

High

Low

Active Trading TreasuryValue Drivers: Fast execution is the priority. Online services/ functionality in Autobahn FX

Deutsche Bank e-commerceA segmentation approach to FX

Tailored solutions to

tailored requirements

Deutsche Bank: The World's Best FX Bank

DB has 26.4% market share in electronic FX trading 18.06%

11.30%11.08%

7.69%6.50%

6.35%

DB UBS Barclays Citi RBS JP Morgan

Ma

rke

t S

ha

re

Euromoney Survey 2010Euromoney Survey 2010

The challenges keep on coming

• Liquidity management

• Centralisation

• Volatility in markers and in forecasts

• Counterparty risk / credit risk

• Optimisation of cash – pooling and effectively managing cash

Globalisation - operating a 24 hour treasury centre, operational risk

Benchmarking a treasury’s performance

Reducing per ticket cost of execution

Maximising netting across the group of companies/exposures

Accounting concerns - IAS39, GAAP, FASB

Technology – opening more doors

European Payments Directive initiatives

Legal issues as more currencies join the EURO

What is FX4Cash?

A cross-currency payment solution – Enable you to make and receive payments in 125 currencies

without having to maintain foreign currency accounts

A streamlined process – Allow you to handle small value, repetitive cross-border payments

efficiently and cost-effectively

A strong value proposition – Combine Deutsche Bank’s leading Foreign Exchange (FX) offerings

and payment capabilities

Receivables– Convert incoming FX payments into the base currency of your choice– Credit to your account at DB or with another bank

Active Client Funding– Use FX4Cash, without having accounts in DB– Client sends funding directly from their acc in another bank to DB LDN

Show Me How to…1. Format and Identify my SWIFT Message

How to Specify Payment Amt and Currency

Identify the foreign currency and amt – Commonly used if you received a Daily Rate

Sheet and calculated the conversion amount– Currency and amount to be supplied in Field 32A– Example: :32A:080402GBP1300– Client is debited for GBP equivalent amount from

the base currency account– Standard SWIFT Method

Identify the base currency and amt– When you only know the base amt and currency:

– :32A: 080402GBP0,– :33B: EUR1000,

– Indicates the foreign currency amount to be paid to beneficiary is GBP equivalent of EUR1000.

How to Identify FX4Cash Payments

Send payments directly to FX4Cash SWIFT address: DEUTGB2LF4C

- OR -

Send payment to the same BIC address you use for EUR, USD or GBP payments (e.g. BKTRUS33 for USD) and include the following codeword:

Field 72: /DBF4C/

Show Me How to…2. Book LIVE FX Rates for Outgoing Payments

ALL Albanian LekDZD Algerian DinarAOA Angola KwanzaARS Argentine PesoAMD Armenian DramAUD Australian DollarBSD Bahamian DollarBHD Bahrain DinarBDT Bangladesh TakaBBD Barbadian DollarBYR Belarusian RubleBZD Belize DollarBOB Bolivian BolivianoBAM Bosnia Herzegovina MarkaBWP Botswana PulaBRL Brazilian RealGBP British PoundBGN Bulgarian LevBIF Burundian FrancKHR Cambodian RielCAD Canadian DollarCVE Cape Verdean EscudoXOF Central African States CFA Franc BCEAOXAF Central African States CFA Franc BEACCLP Chilean PesoCNY Chinese YuanCOP Columbian PesoCDF Congolese Franc CRC Costa Rican ColonHRK Croatian KunaCZK Czech Republic KorunaDKK Danish KroneDJF Djiboutian FrancDOP Dominican PesoXCD Eastern Caribbean DollarEGP Egyptian PoundERN Eritrean NakfaEEK Estonian KroonETB Ethiopia BirrEUR EuroFJD Fijian DollarGMD Gambian Dalasi

GEL Georgian LariGHS Ghanaian CediGTQ Guatemalan QuetzalGNF Guinean FrancGYD Guyanese DollarHTG Haitian GourdeHNL Honduran LempiraHKD Hong Kong DollarHUF Hungarian ForintISK Icelandic KronaINR Indian RupeeIDR Indonesian RupiahIQD Iraqi DinarILS Israeli ShekelJMD Jamaican DollarJPY Japanese YenKZT Kazakhstan TengeKES Kenyan ShillingKRW Korean WonKWD Kuwaiti DinarLVL Latvian LatsLBP Lebanese PoundLSL Lesotho LotiLRD Liberian DollarLTL Lithuanian LitasMKD Macedonian DinarMGA Malagasy AriaryMWK Malawi KwachaMYR Malaysia RinggitMRO Mauritanian OuguiyaMUR Mauritius RupeeMXN Mexican PesoMNT Mongolia TugrikMAD Moroccan DirhamMZN Mozambique MeticalNAD Namibian DollarNPR Nepalese RupeeANG Netherlands Antillean GuilderNZD New Zealand DollarNIO Nicaragua CordobaNGN Nigerian Naira

NOK Norwegian Krone

OMR Omani Rial

PKR Pakistan Rupee

PGK Papua New Guinea Kina

PYG Paraguay Guarani

PEN Peruvian Nuevo Sol

PHP Philippine Peso

PLN Polish Zloty

QAR Qatari Rial

RON Romanian Leu

RUB Russia Rouble

RWF Rwandan Franc

STD Sao Tome & Principe Dobra

SAR Saudi Arabian Riyal

RSD Serbian Dinar

SLL Sierra Leone Leone

SGD Singapore Dollar

SBD Solomon Islands Dollar

ZAR South African Rand

LKR Sri Lanka Rupee

SRD Surinamese Dollar

SZL Swaziland Lilangeni

SEK Swedish Krona

CHF Swiss Franc

XPF Tahitian Franc

TWD Taiwanese Dollar

TZS Tanzanian Shilling

THB Thai Bhat

TOP Tonga Pa’anga

TTD Trinidad & Tobago Dollar

TND Tunisian Dinar

TRY Turkish New Lira

UGX Ugandan Shilling

AED United Arab Emirates Dirham

USD United States Dollar

UYU Uruguayan New Peso

VUV Vanuatu Vatu

VEF Venezuelan Bolivar Fuerte

VND Vietnamese Dong

WST West Samoa Tala

ZMK Zambia Kwacha

FX4Cash supports the following 125 disbursement currencies

How Does FX4Cash Payment Work?

Customer

Base Currency A

3DB debits client’s base currency account

Execute FX Trade(s)

2

4

DB releases instructions for payment processing

DB pays bene via Wire, ACH or Draft in local currency

5

Beneficiary

Credit Currency B

Client sends FX4Cash Payment Instruction (via db-di, SWIFT or H2H)

1

How Does Active Client Funding Work?

Customer

Base Currency A

3

Customer sends a cover payment for its

today´s trades.

The cover payment can be sent from any

client´s account, outside DB

Execute FX Trade(s)

2

4

DB releases instructions for payment processing

DB pays bene via Wire, ACH or Draft in local currency

5

Beneficiary

Credit Currency B

Client sends FX4Cash Payment Instruction (via db-di, SWIFT or H2H)

1

What You Need vs. What We Offer

Pay beneficiaries almost anywhere in the world

Consolidate foreign currency accounts

Receive fixed rates for your FX payments

Know your expected FX costs before you initiate payments

Book one large FX trade to support multiple payments

Cover 125 disbursement currencies

Keep a single base currency account to fund payments in other currencies

Send daily rate sheet at your specified time in the way you want to receive it

Access online streaming rates and seamlessly link FX trades to payments

Offer pre-deal online and flexible options for you to remit payments

Customer Needs dbFX4Cash Solutions

Customer Benefits

Partnering with a global provider that offers all-in-one FX and payment services

Improving efficiency via a streamlined process of FX dealing, settlement and payment

Saving costs by consolidating accounts, eliminating idle balances, and aggregating FX trades

Mitigating risks of operating local currency accounts and exposure to currency volatility

A single window to track all your FX payments with full audit trail

One point of contact for payment and FX inquiries

Benefits of autobahn®FX

• Quick and easy access to deep market liquidity

• Any size of deal possible (up to your available credit/margin limit)

• Commission-free dealing

• Consistent, reliable currency and precious metal prices

• Transparent view of the market from your office, home or while travelling

• Dedicated 24-hour client support team: contactable by chat, email and telephone

• 24-hour availability 6 days a week: you can trade even when your local market is closed

www.autobahnfx.db.com

Features of autobahn®FX

Over 200 currency pairs

Dynamic Pricing on Spot: prices adjust according to size of trade

Straight Through Processing (STP)

Email Trade Confirmations can be sent to multiple destinations for all Spot, Outright, Swap and Option transactions

Post trade operations available on demand: aggregation, rolls and allocation

Application Programmable Interfaces (API): deliver streaming prices 24 hours a day

Laddered Pricing

FX indices are offered for a selection of currencies and baskets

Customisable Trade and Expiry Blotters

Streaming Pricing on Options as well as Spot, Outrights and Swaps

Exceptional range of Non-Deliverable Forwards (NDFs) available

Full Options pricing capabilities

autobahn®FX

Spot Liquidity Window…

Page 14

… with Fast Orders

Option Calculator – Vanillas and Strategies

Page 15

autobahn®FXAlgo

New trading tool allowing you to control the slicing, timing and fills of large orders with

much greater precision and transparency than has previously been possible

Allows you to decide in advance exact order size and spreads

Monitor your order and stop, pause or amend strategies at the click of a button

autobahn®Treasury is the all in one solution for the automation and optimisation of FX and MM transactions between group treasuries and their subsidiaries.

Corporates can easily manage and centralise internal treasury workflows with and for their subsidiaries.

With autobahn®Treasury, corporates are able to capture trades internally with subsidiaries and directly with Deutsche Bank. Internal trade requests from subsidiaries can be quoted automatically based on Deutsche Bank rates with optional mark-up or manually.

Treasury has the ability to take internal trades into the groups currency position or to hedge them automatically one to one with Deutsche Bank. Currency positions can be hedged manually or automatically.

Introduction - autobahn®Treasury

FX & MM trade capture

Trade Blotters & ToDo List

FX Netting/Position by CCY and Total (incl. P&L and NPV)

FX & MM confirmation tool

Administration & Tools

autobahn®Treasury Modules

FX4Cash Client Website

Currency Guide

Demos

Latest News

Contact details

Brochures

www.db.com/fx4cash

Username: FX4Cash

Password: deutsche

FX4Cash Smart Convert

Smart Convert is…– A new feature of FX4Cash– An automated conversion of USD, EUR and GBP payments into the local

currency– An easy service to implement, requiring little change by your bank– A new approach for your bank to earn revenues

How does it work?– Your bank sends eligible USD and/or EUR payments to an usual SWIFT

address (DEUTDEFF for EUR, BKTRUS33 for USD)– DB will determine if payment can be converted to local currency based

on your parameters:– Amt thresholds, Country, Bene, B/O

– DB will book a trade and on settlement , make the payment in local currency (Same day, Next day and Spot)

– Your bank has the opportunity to add a mark-up to our core rate– Payment is effected in local currency to beneficiary

Page 21

The Details: Flow and Override Controls

Page 22

Flow Controls Available currencies

– Set-up for each client– If BBK field (57) is a valid country (5th and 6th characters),

Smart Convert will convert to respective currency

Amount thresholds– Ability to set minimum and maximum thresholds– Minimum should not be less than USD/EUR500– Maximum should generally not be greater than USD/EUR

500k

Other Inclusion options:– Any field in payment message– For example, the client may want to set-up Swiss Franc for

only two beneficiary banks

Override Controls Payment Details

– Beneficiary– By Order Party– Beneficiary Bank– Reference

Wildcards available Other Overrides

– Intercompany transfers (Field 23=INTC)

The Details: Managing Reconverts

Reconverts– Reconverts occur when we receive a complaint

from the bene or our client about the conversion and we are requested to pay in the original currency

– Once funds are returned, FX4Cash Investigations will reconvert the paid funds to the original currency using the rates for that day

– The payment is then re-effected in full amount to the beneficiary in the original currency

– Your bank has the option of automatically setting the beneficiary on an override pattern or you can review individually

– When the conversion to the original currency occurs, there may be a gain or loss from the conversion.

– We will ensure special arrangements with your bank to manage this gain or loss.

Page 23

Questions and Answers – Smart Convert

Q: Is there a legal agreement needed? A: Yes, a slim 3 page agreement is required

Q: Why do we limit the currencies to 39? A: We limit the currencies to those provided by DB

London where we do not face restrictions in the payment or in their returns

Q: How do we manage returns or complaints? A: Once we receive a return, we will re-effect the

full original currency amount. The potential gain or loss can be borne by the customer or the sales manager

Q: How do I get implemented? A: The same implementation process used for

FX4Cash is used for Smart Convert. Once the set-up form is completed, a client kick off meeting will be scheduled.

Q: Can our bank use standard FX4Cash as well as Smart Convert?

A: Yes. However, we currently cannot differentiate the markup or client margin between the two services unless the client opens a separate account

Q: What are the special formatting requirements? A: There are none.

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