JDFX adds Deutsche Bank as a Prime Broker.
Press Release: Zurich, December 6th 2007
JDFX consists of a group of Swiss based companies that provide innovative hardware, software, and connectivity to the professional FX trading community. The JDFX group also has Fund and Fund Management holdings offshore.
"JDFX adds Deutsche Bank as a Prime Broker"
Deutsche Bank AG, which has its primary offices located at Winchester House, 1 Great Winchester Street, London EC2N 2DB has been appointed as a prime broker to the Fund pursuant to a prime brokerage agreement (the 'Foreign Exchange Prime Brokerage Agreement') dated December 5th, 2007 between Deutsche Bank and JDFX include executing, clearing and settling securities transactions into JDFX accounts at Deutsche Bank, extending, at the discretion of Deutsche Bank, margin lending to JDFX. Deutsche Bank will receive fees for the foreign exchange prime brokerage services provided at normal commercial rates.
JDFX will at all times maintain in and furnish to its accounts securities and other property of JDFX for margin purposes. All margin as authorized and pledged to Deutsche Bank, and the Fund grants to Deutsche Bank a security interest therein, a lien thereon and a right of set off of such margin against any Obligations of JDFX to Deutsche Banke, and all such margin shall be subject to a general lien and a continuing first security interest, in each case securing the discharge of all Obligations, Contracts and liabilities of the Fund to Deutsche Bank.
All margin may be carried in the general margin accounts of Deutsche Bank and may be pledged, re-pledged, hypothecated, re-hypothecated, sold or otherwise transferred, separately or in common with other securities, commodities or other property. JDFX shall be liable to Deutsche Bank for the performance of its duties under the Prime Broker Agreement and JDFX shall indemnify Deutsche Bank against direct loss, fees or expenses suffered or incurred by Deutsche Bank, resulting from any error or material discrepancy in any information provided by the Manager to Deutsche Bank.
Deutsche Bank shall be liable to JDFX for the performance of its duties under the Prime Brokerage Agreement and Deutsche Bank agrees to indemnify JDFX against any direct losses, fees or expenses suffered or incurred by JDFX to the extent that such losses result from Deutsche Bank's gross negligence or willful misconduct and except for special, indirect, consequential, punitive and exemplary damages, lost profits and loss of business. Deutsche Bank will not provide investment advisory or discretionary management services to JDFX. Deutsche Bank will act strictly in accordance with instructions received pursuant to the Prime Broker Agreement.
Deutsche Bank is a credit institution regulated principally in Germany by the Bundesanstalt für Finanzdientsleistungsaufsicht (BAFin). The primary regulator in the U.S. of Deutsche Bank AG, New York Branch is the Federal Reserve Bank and the State of New York Banking Department. DEUTSCHE BANK, London operates under the passporting provisions of the EU Second Banking Directive and additionally (in respect of activities not so passported) under authorization from FSA under the Financial Services and Markets Act 2000 of the United Kingdom.
As of the date hereof, the long term debt of Deutsche Bank, has been assigned a credit rating of Aa3 by Moody's and AA- by Standard & Poor's. The short term debt of Deutsche Bank has been assigned a credit rating of P1 by Moody's and A1+ by Standard & Poor's. As at the date hereof, the financial resources of Deutsche Bank exceeds US$200 million.
Deutsche Bank is a service provider to JDFX and is not responsible for the information contained in this document.
For more information on JDFX products please contact us at +41 43 443 6900 or visit us online at www.jdfx.com

