NOTICE OF SUMMARY ACTION

FILE NO.:

NYMEX RSRH-22-6630

MEMBER FIRM:

Deutsche Bank AG

NYMEX RULE VIOLATION:

Rule 538.I (“Submission to the Clearing House”)
Each EFRP transaction shall be submitted to the Clearing House within the time period and in the manner specified by the Exchange and the Clearing House. In all cases, the record submitted to the Clearing House must reflect the correct EFRP transaction type and must reflect the accurate date and time at which the relevant terms of the transaction were agreed upon by the parties to the trade. An EFRP transaction submitted to the Clearing House shall not be considered accepted by the Clearing House until the transaction has cleared and the first payment of settlement variation and performance bond has been confirmed.

CME Group RA2105-5

Q23: How soon after execution must the EFRP be submitted to the Clearing House?

A23: Absent mitigating circumstances, EFRP transactions must be submitted to the Exchange as soon as possible, but no later than the end of the business day on which the EFRP was executed.

FINDINGS:

On December 2, 2021 and January 20, 2022, Deutsche Bank AG posted Exchange for Related Position transactions that were late and did not meet the requirements of 538.I.

PENALTY:

On May 19, 2022, Deutsche Bank AG, pursuant to Rule 512 (“Reporting Infractions”), was issued a $2,000 fine pursuant to its violations of Rule 538.I.

EFFECTIVE DATE:

June 6, 2022