Deutsche Bank Autobahn

http://autobahn.db.com

Deutsche BankForeign Exchange

FX Electronic Trading

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About Autobahn

Since 1996, Autobahn has been connecting clients to Deutsche Bank’s innovative Capital Markets products and services. Having started life as an execution tool, the new Autobahn now offers an integrated experience, and provides electronic access to Deutsche Bank’s wealth of sales, trading and research know-how as well as seamless access to all of our transaction banking services. Autobahn is a simple, intuitive and consistent way for users to:

— Gain unparalleled access to markets and liquidity— Electronically trade across multiple asset classes:

Foreign Exchange, Fixed Income, Equities, Commodities, Credit, Rates and Emerging Markets

— Intuitively access Deutsche Bank’s powerful analytics and published content

— 24/7 access to all of your transaction banking services, independent of physical location

— New in 2011: The App Market available via multiple access points


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Contents

Electronic FX Trading on Autobahn 4

Why Autobahn? 4

Key Features 4

Inside Autobahn 6

FX Spot, Forwards and Swaps 6

FX Fast Orders 6

FX Request for Stream 7

FX Order Book 7

FX Trade Blotter 7

Precious Metals 8

FX Indices 8

EFP Offering 8

Foreign Exchange Algos on Autobahn 9

Foreign Exchange Options on Autobahn 10

Foreign Exchange Structured Deposits 12

Why Deutsche Bank? 12

Products 12

Potential Users 12

Streaming Prices on Application Programmable Interfaces (API) 13

API: How it Works 13

Foreign Exchange Prime Brokerage 14

Autobahn - your electronic link to the world’s biggest FX trading machine

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Electronic FX Trading on Autobahn

Why Autobahn?

— Quick and easy access to dedicated market liquidity

— Competitive and reliable prices in over 200 currency pairs and precious metals

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

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

— Ability to trade inside the spread with Fast Orders

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

— Ability to handle Straight through Processing (STP)

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

— Possibility to connect via 3rd party portals

— Access to sophisticated execution tools via FX Algos

Key Features — Dynamic Pricing on Spot: prices adjust according

to size of trade

— Commission-free dealing

— Customisable algorithmic execution on full range of currency pairs

— Single or Double click trading available

— Exceptional range of Non-Deliverable Forwards (NDFs) available

— Customisable Trade and Expiry Blotters

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

— Email and SMS Notifications can be sent to multiple destinations for all trade and order types

— Exchange for Physical (EFP) pricing available for wide selection of currency pairs and precious metals

— Wide range of structured investments available, such as DCIs

— FX indices available in a selection of currencies and baskets

Autobahn is Deutsche Bank’s award-winning electronic distribution service offering access to our FX trading capabilities.

Designed by FX experts and leveraging off Deutsche Bank’s eCommerce knowledge, it provides easy-to-use trading functionality, state-of-the-art order functionality in cash and options, complemented with dynamically priced executable streaming prices customised to suit each client’s requirements.

In a world where the ability to offer truly deep liquidity is paramount to clients, Autobahn sets itself apart from its peers by tapping into its vast internal and external franchise.

In today’s world, the dynamics of the markets can change very quickly. The ability to develop timely market-leading solutions for our clients is crucial. Autobahn rises head and shoulders above its competitors by continually delivering revolutionary products and functionality.

Autobahn - powerful FX insight and execution

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World’s No 1 FX House — Deutsche Bank is the world’s leading foreign exchange

service provider.

— We ranked No 1 in the Euromoney FX industry poll every year for the past six years.

— Deutsche Bank makes markets in more FX contracts than any other firm.

— We have the largest trading book in the FX market.

— Deutsche Bank is a top-rated provider of FX Prime Broking services.

— We are a market leader in Non-Deliverable Forwards which allow clients to take a view on emerging market currencies with trading restrictions.

Euromoney, FX Poll 2011

— No 1 Overall with 15.64% market share

— No 1 in Western Europe, North America, Asia, Australasia & Japan

— No 1 E-Trading (Proprietary Platforms) by market share

— No 1 Options

Profit and Loss, Digital FX Awards 2011

Foreign Exchange on Autobahn awarded

— Best Prime Services

— Best Emerging Markets Platform

— Best Leveraged Sector Platform

FX Week, e-FX Awards 2010


— e-FX Initiative of the Year (Bank)

— Best Liquidity Outsourcing Service

Profit and Loss, Digital FX Markets Awards


— Best Platform for Hedge Funds 2009 & 2010

Global Finance World’s Best FX Banks Awards

— World’s Best FX Bank, 2005 - 2010

— Best FX Research - Strategy / Hedging

— Best FX Bank Western Europe

OutrightsSpot

Swaps

Precious Metals

Options

Autobahn Foreign Exchange

Structured Products

Foreign ExchangeIndices

Non-Deliverable Forwards


Precious Metals

Swaps

Options

Structured Products

FX Indices

Outrights

Non-Deliverable Forwards

Spot

Autobahn

Foreign Exchange Trading on Autobahn

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FX Spot, Forwards & SwapsStreaming, dealable prices for Spot, Outrights and Swap trades are displayed on dedicated liquidity windows (LW). The Spot LW allows you to display a ladder of prices. Users can define the amounts on the rungs of the ladders based on their unique trading requirements, speeding up the trade execution process.

The Spot LW also allows you to change the value date to execute to an Outright date. The Spot rate and the Swap points are displayed but upon execution an Outright is confirmed.

Inside Autobahn

Spot Liquidity Window with Ladders

Spot and Swap Liquidity Windows

Example: To sell 10M from the ladder, double click on this rate.

FX Fast OrdersAn exciting feature allowing clients to submit and cancel “Take Profit” orders directly from Spot LW. Use just three clicks to leave at market orders.

Fast Orders execution has been enhanced with the introduction of “Inside Fill”. This feature allows our client’s Fast Orders to be filled without always having to cross the spread. By matching mutual interest, our customers benefit from quicker fills without the market having to touch that level.

Spot Liquidity Window with Fast Orders

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FX Request for StreamUser defined Swap LW and Outright LW are also available. With our Request For Stream (RFS) function, get streaming rates for larger amounts, uneven swaps or odd-dated outrights or swaps. Just double click to execute the trades.

Request for Stream

FX Order BookAutobahn has a fully integrated order book which allows you to manage and execute a wide variety of orders. The easy-to-use order entry screen allows you to enter the following order types: SL, TP, IFDSMP, OCO, OT, LOOP, DLOOP or IFDOCO.

Orders can be executed automatically against the Deutsche Bank price feed or manually by the Deutsche Bank traders. The Order Monitor shows all orders in a sortable table, using colours to enable quick distinction among order types. Autobahn also has the ability to upload orders directly from an excel file of a predefined format.

FX Trade Blotter Autobahn offers two trade blotters for Spot, Outright, Swap and Option transactions: Today’s Trades and Trade History. It also offers a dedicated Expiry blotter for Option trades.

The Trade History blotter allows you to view historical transactions based on your specific criteria, with an easy-to-use filter functionality. Trade blotters can be printed or exported to excel.

Trade Blotter

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Precious Metals Autobahn also offers pricing on a select group of precious metals. — EFP pricing available on XAU, XAG, XPT and XPD

Gold — XAUUSD * — XAUAUD * — XAUEUR * — XAUGBP * — XAUJPY *

Silver — XAGUSD * — XAGJPY

Platinum Palladium — XPTUSD — XPDUSD

*includes outright and swap pricing.

EFP OfferingDeutsche Bank now offers a wide range of EFP currency pairs (Exchange for Physical) both on Autobahn and over our API.

Autobahn clients benefit from their own dedicated source of liquidity 24 hours a day and are able to clear their currencies via a synthetic futures contract over the CME or FINEX.

FX IndicesTrade Weighted FX Indices (FXI): — USDFXI — CHFFXI — EURFXI — AUDFXI — GBPFXI — NZDFXI — JPYFXI — CADFXI — NOKFXI — SEKFXI

Also available on demand are: — ASEFXI

Basket of Asian currencies versus Euro — ASUFXI

Basket of Asian currencies versus US Dollar — DXYFXI

Exchange traded USD Index given up to the ICE The Indices are traded on a non delivery basis to the IMM dates.

EFP - Currency Futures

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Foreign Exchange Algo on Autobahn

How does it work?We currently offer three execution strategies: Limit Order+, Slicer and Limit Order Slicer. Each strategy can be customised to suit your own personal needs and can be saved using a handy template function. Algo Trading Monitor instantly shows you any order execution with the rate and time of the fill. It also shows the average rate achieved and the amount executed in real and percentage terms. You can also pause, amend or stop the strategy instantly at any time. E-mail notifications and SMS messages can be received notifying when a strategy begins and ends, or if it is paused or amended at any time.

Limit Order+ is designed for clients who want to achieve a particular price on their trades with a chance of improvement in price.

Key features

— You select your price limit — You can select start and end times — You can impose a minimum size for any fill — Any price improvements achieved will be passed on

Slicer is designed for clients who want to get the best possible price with minimal market impact. By splitting the orders up into a number of much smaller orders, and then “drip-feeding” them into the market, you can reduce the impact the whole order has on the market.

Key features

— You select the clip size — You decide the frequency of the trades — You can impose a limit price on any execution — You can impose a maximum spread at which orders

will execute — You can select start and end times — You can impose a price level at which the strategy

will start

Limit Order Slicer allows you to trade using a Slicer but with the added ability to leave orders during the execution period to capitalise on any favourable market moves.

Key features

— You select the clip size — You decide the frequency of the trades — You can select start and end times — At each time interval an order is placed which is relative

to the current price. The order can be placed at mid, bid/ask or customised to your needs

— If an order has not been filled within its own time interval the algo will “go to market” to complete it

— A limit price can be set for the whole strategy

Foreign Exchange Algo allows you to control the slicing, timing and fills of large orders with much greater precision and transparency than was possible before. You can now decide in advance exactly how large orders will be executed: in what size and frequency and at what spreads.

You can also see, second by second, how your order is progressing and can stop, pause or amend strategies at the click of a button if market pricing becomes unfavourable at any point during execution.

Foreign Exchange Algo is one of most advanced products of its kind produced by Deutsche Bank, offering many unique features accessed via an easy to use order input system.

Structured Products

FX Indices

Outrights

ExternalClients

InternalClients

PaymentEngines

Black BoxCalculations

Spot Non-Deliverable Forwards

Swaps

Precious Metals

Options

Trades

Administrative Tools

Tradable prices


Deutsche Bank

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InternalClients

PaymentEngines


Trades

Tradable prices

Deutsche Bank

Client

Dark BluePMS 289C

C100 M76 Y12 K68

Bright BluePMS 2925C

C85 M21 Y0 K0

Deutsche BluePMS 072C

C100 M80 Y0 K10

Black

WhiteMid Grey PMS 7544C

C34 M14 Y11 K32

Pale Grey PMS 7541C

C5 M1 Y2 K2

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PurplePMS 2597

C82 M100 Y0 K0

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C0 M46 Y100 K0

TanPMS 409C

C17 M26 Y21 K53

RedPMS 185C

C0 M94 Y78 K0

GreenPMS 7494C

C35 M5 Y40 K14

Accent palette

LOGOMARK COLOURKEY

072C C100 M80 Y0 K10 PROCESS BLUE C

C100 M13 Y1 K2

TRI 1 Deutsche Blue Deutsche Bright

LOGOMARK

TRI 2

2925C C85 M21 Y0 K0 306C C76 M0 Y5 K0

TRI 3 TRI 4

Cost C

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Limit Order Slicer

Limit Order+

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Foreign Exchange Options on Autobahn

— Options can be traded via a dedicated Option Streaming Window within Foreign Exchange.

— Foreign Exchange prices a wide range of options contracts including Calls, Puts, Strangles, Straddles, Risk Reversals and Calendar Spreads.

— Customers are able to customise their screens so that they can view, execute and report option trades exactly the way they want to.

— Clients are able to have their foreign exchange option trades feed directly into their systems using our STP solutions.

— Portfolio Pricing Panel allows you to price and trade multiple exotic products with multi-leg capabilities for client structured transactions.

— Clients can share templates amongst other Autobahn users which enhances trade generation and idea sharing.

— Request for Stream functionality is available for larger notionals.

— Users can receive option trade confirmations by email as well as via other communication channels.

— The Option Expiration Management Tool allows users to view any options booked with expiries in any date range of their choice. Users can exercise or cancel any long option contracts online.

— Clients can choose the spot rate at which they hedge their option trades, as well as the size of the hedge.

— Clients can view price unit in terms of Volatility, Premium, Pips or % Price , depending on their preference.

— Clients can specify the currency the premium is paid in eg: choose a USD premium for a EURJPY Option.

— Foreign Exchange has the ability to offer Cash Settled Options.

— Clients can save Options strategies using the Option calculator/ Execution window.

— The Options Streaming Volatility Grid allows clients to view customised, tradeable volatility surfaces.

Streaming Volatility Grid

Autobahn has the ability to place orders on vanilla option strategies. Options Fast Orders provides an innovative and interactive way for clients and banks to deal with each other in an electronic market.

Now with Option Fast Orders, clients can keep their options interest or views active and work it through Autobahn using orders. Clients manage their risk smarter and more efficient by having Deutsche Bank watch the orders and manage the risk electronically.

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Maximum deal size available for streaming price

CCY Pair Selector

Option Strategy Selector

Notional amount can be specified in either base or quoted currency

Option Expiry Date or Tenor

Choose zone cut off option

Strike can be specified as rate or delta (eg. 25D)

User can select the display unit at the bottom of the screen

Choose the hedge type for the requested option (Spot, Outright, Live – No Hedge)

Cancel / Price button starts / stops streaming price

Bid / Offer buttons used to leave ‘Limit Orders’ based on Premium,

Pips or % Price

Choose the currency in which option premium will be paid

Status window shows errors, warnings and information messages related to this quote

‘To be the best, one has to maintain a level of excellence. Over the years, Deutsche Bank has achieved this and the result is an e-FX offering that just gets stronger every year.’

Profit & Loss, 2009

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Foreign Exchange Structured Deposits

Potential Users — Institutional investors, retail investors and corporations

looking for yield enhanced investment products.

— Institutions (corporate and financial) which are happy to have cash in a second currency other than their home or base currency because they have operations or suppliers in the relevant country.

— Investors looking to express a view on a particular currency pair via a money market product.

— Individuals who operate in multiple currencies.

Why Deutsche Bank? — Wide Range of Currency Pairs - Clients can trade

dual currency products on 50 different currency pairs including EUR/USD, AUD/USD, NZD/USD, USD/MXN and XAU/USD.

— Competitive Pricing - The size and risk appetite of our global FX trading engine means we can offer exceptionally competitive pricing on all our structured products.

— Flexible - Clients can obtain prices on DCIs simply by entering a currency pair and the yield they wish to achieve, or by keying in FX rates they are comfortable with.

— Reliability - Foreign Exchange is renowned for being one of the most reliable on-line trading systems in the industry.

Products — Deposit Plus

— Range Bonus Deposit

— Range Bonus Plus

— American KI DCI

— American KO DCI

— European KI DCI

— American KI Deposit Plus

— American KO Deposit Plus

— European KI Deposit Plus

A dual currency investment (DCI) is a short-term, fixed rate money market deposit that offers higher returns than are available on plain vanilla deposits in exchange for investors accepting the risk that the principal might be repaid in a different currency. Clients can now trade these FX structured deposits and its variations on the Foreign Exchange platform.

Deutsche Bank provides ready-to-use indicative term sheets for clients to deliver to their own customers as well as a range of other pricing and marketing tools.

DCI GridThe DCI grid allows clients to customise and view different combinations to better suit their requirements

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Streaming Prices on Application Programmable Interfaces (API)

— Deutsche Bank’s API allows clients to subscribe for and receive live, streaming tradable FX prices which can be used in the customers own application. The API enables clients to bring cost-effective currency pricing and a deep pool of liquidity to a wide spectrum of business models.

— Deutsche Bank’s experienced technical team coordinates the API Integration. Our API is available in Java and FIX Connectivity, over the Internet or a VPN line.

— A wide range of STP solutions are on hand to suit any client’s needs.

Deutsche Bank’s API can be integrated into a wide variety of applications such as external client facing solutions, internal platforms, proprietary algorithms and corporate hedging engines.

The streaming prices API solution is used by banks to deliver streaming prices to their clients, by hedge funds to ensure efficient execution, by intermediaries to redistribute FX prices to retail clients and by corporates to convert foreign currency cash flows. Deutsche Bank’s API is available for Spot, Outrights and Swap pricing as well as a range of market orders and different styles of execution.

API: How it Works

Structured Products

FX Indices

Outrights

ExternalClients

InternalClients

PaymentEngines


Spot Non-Deliverable Forwards

Swaps

Precious Metals

Options

Trades

Administrative Tools

Tradable prices


Deutsche Bank

Client

PricesTrades

PricesTrades

PricesTrades

Pric

es

Tr

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Pri

ces

Trad

esP

rices

Trades

Prices

Trades

ExternalClients

InternalClients

PaymentEngines


Trades

Tradable prices

Deutsche Bank

Client

Dark BluePMS 289C

C100 M76 Y12 K68

Bright BluePMS 2925C

C85 M21 Y0 K0

Deutsche BluePMS 072C

C100 M80 Y0 K10

Black

WhiteMid Grey PMS 7544C

C34 M14 Y11 K32

Pale Grey PMS 7541C

C5 M1 Y2 K2

20% 20%

60%

80%

40%

20%

60%

80%

40%

60%

80%

40%

PurplePMS 2597

C82 M100 Y0 K0

AmberPMS 137C

C0 M46 Y100 K0

TanPMS 409C

C17 M26 Y21 K53

RedPMS 185C

C0 M94 Y78 K0

GreenPMS 7494C

C35 M5 Y40 K14

Accent palette

LOGOMARK COLOURKEY

072C C100 M80 Y0 K10 PROCESS BLUE C

C100 M13 Y1 K2

TRI 1 Deutsche Blue Deutsche Bright

LOGOMARK

TRI 2

2925C C85 M21 Y0 K0 306C C76 M0 Y5 K0

TRI 3 TRI 4

Cost C

ontrol

Time Efficiency

Full Transparency

Ful

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xibi

lity

Algo

Slicer

Limit Order Slicer

Limit Order+

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Foreign Exchange Prime Brokerage

Choice in Execution: Essential for the Best Prices and Liquidity — Clients are able to deal in the FX

marketplace with their choice of Banks or electronic venues using Deutsche Bank credit lines.

— Deutsche Bank acts as the clearer and outsourced back office for all FX Spot, Forward, NDF, Option and Bullion trades.

— Trades are given up to Deutsche Bank who assumes the credit risk to both the client and the counterparty Bank.

Operational Support: Global Coverage Around the Clock — Dedicated relationship managers

man Deutsche Bank FX Prime Brokerage support desks in London, New York, Tokyo and Singapore.

— Our website provides you, your operations team and administrator with real time exception based trade matching and comprehensive post trade reporting.

— Confidentiality of positions is paramount and policed through system controls, operational segregation, and senior management.

Market Leadership: Leading the Way Through Innovation — Deutsche Bank’s range of Prime

Brokerage solutions is extensive.

— Deutsche Bank was the first FX Prime Broker to create a specific system for straight through trade matching and allocation.

— We are the first to offer straight through processing and averaging solutions across electronic platforms.

— Deutsche Bank will work with you to optimise your trade and operational work flows.

Foreign Exchange Prime Brokerage provides our clients with a facility to deal in the foreign exchange markets in a highly efficient, thus low-cost, manner.

If you are looking for access to multi-bank liquidity, while gaining efficiencies from reduced legal negotiations, credit exposure and operational consolidation, then Foreign Exchange Prime Brokerage is for you.


AWARDS Source: Euromoney, FX Poll, May 2011Profit & Loss, Digital FX Awards, April 2011FX Week, e-FX Awards 2010Profit & Loss, Digital FX Markets Awards, 2009 & 2010Global Finance Awards 2005 - 2010

Marketing Material. This document is intended for discussion purposes only and does not create any legally binding obligations on the part of Deutsche Bank AG and/or its affiliates (“DB”). Without limitation, this document does not constitute an offer, an invitation to offer or a recommendation to enter into any transaction. When making an investment decision, you should rely solely on the final documentation relating to the transaction and not the summary contained herein. DB is not acting as your financial adviser or in any other fiduciary capacity with respect to this proposed transaction. The transaction(s) or products(s) mentioned herein may not be appropriate for all investors and before entering into any transaction you should take steps to ensure that you fully understand the transaction and have made an independent assessment of the appropriateness of the transaction in the light of your own objectives and circumstances, including the possible risks and benefits of entering into such transaction. For general information regarding the nature and risks of the proposed transaction and types of financial instruments please go to www.globalmarkets.db.com/risk disclosures. You should also consider seeking advice from your own advisers in making this assessment. If you decide to enter into a transaction with DB, you do so in reliance on your own judgment. The information contained in this document is based on material we believe to be reliable; however, we do not represent that it is accurate, current, complete, or error free. Assumptions, estimates and opinions contained in this document constitute our judgment as of the date of the document and are subject to change without notice. Any projections are based on a number of assumptions as to market conditions and there can be no guarantee that any projected results will be achieved. Past performance is not a guarantee of future results. This material was prepared by a Sales or Trading function within DB, and was not produced, reviewed or edited by the Research Department. Any opinions expressed herein may differ from the opinions expressed by other DB departments including the Research Department. Sales and Trading functions are subject to additional potential conflicts of interest which the Research Department does not face. DB may engage in transactions in a manner inconsistent with the views discussed herein. DB trades or may trade as principal in the instruments (or related derivatives), and may have proprietary positions in the instruments (or related derivatives) discussed herein. DB may make a market in the instruments (or related derivatives) discussed herein. Sales and Trading personnel are compensated in part based on the volume of transactions effected by them. The distribution of this document and availability of these products and services in certain jurisdictions may be restricted by law. You may not distribute this document, in whole or in part, without our express written permission. DB SPECIFICALLY DISCLAIMS ALL LIABILITY FOR ANY DIRECT, INDIRECT, CONSEQUENTIAL OR OTHER LOSSES OR DAMAGES INCLUDING LOSS OF PROFITS INCURRED BY YOU OR ANY THIRD PARTY THAT MAY ARISE FROM ANY RELIANCE ON THIS DOCUMENT OR FOR THE RELIABILITY, ACCURACY, COMPLETENESS OR TIMELINESS THEREOF. DB is authorised under German Banking Law (competent authority: BaFin - Federal Financial Supervising Authority) and regulated by the Financial Services Authority for the conduct of UK business. © 2010 Deutsche Bank

Deutsche BankForeign Exchange

Further Information To find out more about our electronic FX products and services, please contact your Deutsche Bank salesperson or relationship manager.

Frankfurt: +49 69 910 38628London: +44 20 754 73891New York: +1 212 250 9305Brazil: +55 11 2113 5575Paris: +33 1 4495 6273Singapore: +65 6423 5336Sydney: +61 2 8258 1798Tokyo: +81 3 5156 6144Zurich: +41 44 227 3763

Email: [email protected]: http://autobahn.db.com

Deutsche Bank Autobahn

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