EFTA01282820.txt Text dataset_10 View on DOJ

This document is a Credit Support Annex to an ISDA Master Agreement between Deutsche Bank AG and Southern Trust Company, Inc., and a related Securities Account Control Agreement between Deutsche Bank Securities Inc., Southern Trust Company, Inc., and Deutsche Bank AG. It outlines the terms for collateralization, security interests, and account control related to financial transactions between the parties, defining their rights and obligations in the event of default or other specified conditions.

Subject

ISDA Credit Support Annex and Securities Account Control Agreement

Sender

—

Recipients

—

Document ID

SDNY_GM_00038385

Date

2013-10-28

Severity

suspicious

Description

The document itself does not contain clear evidence of illegal activity being committed, planned, or discussed. However, the broad powers granted to Party A over Party B's accounts, particularly the ability to disregard instructions and originate entitlement orders, could potentially be used in ways that violate financial regulations or other laws. This warrants further investigation.

Content Type

first_hand

Likelihood

possible

Description

The irrevocable authorization granted by Party B to Party A to disregard instructions and originate entitlement orders raises concerns about potential power imbalances and control over Party B's assets. This could be exploited for coercive purposes, although the document itself does not explicitly indicate blackmail.

Each party acknowledges and agrees that Posted Collateral in the form of securities may decline speedily in value and is of a type customarily sold on a recognized market, and, accordingly, the Pledger is not entitled to prior notice of any sale of that Posted Collateral by the Secured Party, except any notice that is required under applicable law and cannot be waived.

Party B hereby irrevocably authorizes Party A and its affiliates to disregard any instruction from Party B relating to an Eligible Account established with such entity which violates the provisions of this Paragraph 13(gXiv).

Party B hereby irrevocably authorizes Party A to originate entitlement orders (within the meaning of Article 8 of the New York Uniform Commercial Code) with respect to each Eligible Account maintained with an affiliate of Party A, and each such affiliate agrees that (x) it will comply with such entitlement orders originated by Party A without further consent by Party B and (y) it is acting as agent for Party A with respect to such Eligible Account.

Context

The specific details of this agreement between Deutsche Bank and Southern Trust Company are unlikely to be public knowledge. However, the general nature of ISDA agreements and securities account control agreements is well-established in the financial industry.

Financial transactions/money flowLegal matters/litigationBusiness dealings

Cynthia CuomoKathleen YohePaul E. SalvasThomas HoddinottGedeon PinedoNicholas Haigh

International Swaps and Derivatives Association, IncISDADeutsche Bank AGSouthern Trust Company, Inc.Deutsche Bank Securities Inc.U.S. Treasury DepartmentFederal Reserve SystemEmerging Markets Traders AssociationForeign Exchange Committee

New YorkUnited States of AmericaNew York City60 Wall Street, New York, NY 100056100 Red Hook Quarter B3, St Thomas, US Virgin Islands 00802345 PARK AVE,26th Flr. NY, NY 10154345 PARK AVE, I 41h Flr., NY, NY 10154

Deutsche Bank AGDeutsche Bank Securities Inc.

Tone

Professional

Purpose

To establish the terms and conditions for credit support and securities account control between Deutsche Bank AG and Southern Trust Company, Inc.

Significance

This document outlines the legal and financial framework for managing collateral and security interests between the parties, defining their rights and obligations in the event of default or other specified conditions.

File Name

EFTA01282820.txt

Dataset

dataset_10

Type

Text

Model

gemini-2.0-flash-001

Processed

2026-02-07T18:42:48.170722

DOJ Source

View on DOJ