Our clients and counterparties may wish to refer to the following policies which address various regulatory matters:

Conflicts of Interest Summary
Daiwa Capital Markets Deutschland GmbH ("DCMD") is part of the Daiwa Securities Group Inc, which is an independent full-service securities group providing an extensive range of financial services centred on retail, wholesale and investment banking business and asset management business. Daiwa Capital Markets Europe Limited ("DCME"), parent company of DCMD (holding 100% of its ownership), is responsible for providing institutional clients with sales & trading and investment banking services.

We continue to recognise that in the normal course of our business, circumstances may arise that could result in our interests conflicting with the interest of, or with the duties we owe to, our clients. These could include conflicts between the interests of DCMD, or other group companies and our clients, or between the interests of different clients.

DCMD has always sought to ensure that conflicts are identified and managed at an appropriate level. Procedures have therefore been established to protect the interests of our clients and ensure that all parties are treated fairly and reasonably. In particular, arrangements exist to control the flow and use of non-public, price sensitive information, the execution of client orders, staff’s personal account dealing and their receipt of gifts or other inducements from clients or suppliers.

Where necessary, we segregate the activities of staff working in areas where conflicts of interest may arise. Where we feel that our procedures in themselves may be insufficient to manage the risk we will look to disclose the potential conflict to our client and obtain their agreement to precede. Ultimately we will decline to act where we feel the risks cannot be managed or mitigated. DCMD may share information regarding investment banking relationships with other group companies. The list of group companies can be viewed here (under ‘Company Structure’): http://www.uk.daiwacm.com/about-us/overview.

The risks and associated controls relating to conflicts of interest have been documented internally in the Conflicts of Interest Map. This map details the potential conflicts of interest in each department and the controls in place to mitigate these risks. The Conflicts of Interest Map is subject to regular review.
Quality of Execution RTS 27
Below is information relating to the ‘Quality of Execution’ Obligations as laid out under RTS 27 of under MiFID II. Please select the Quarter/Year you are interested in and download the respective QoE report. Note, it is provided in XLSX format.




Quarter 4, 2020:

T2 RPT
T3 RPT
T4 RPT
T5 RPT
T6 RPT
T9 RPT

Quarter 3, 2020:

T2 RPT
T3 RPT
T4 RPT
T6 RPT
T9 RPT

Quarter 2, 2020:

T2 RPT
T3 RPT
T4 RPT
T5 RPT
T6 RPT
T9 RPT

Quarter 1, 2020:

T2 RPT
T3 RPT
T4 RPT
T5 RPT
T6 RPT
T9 RPT

Quarter 4, 2019:

T2 RPT
T3 RPT
T4 RPT
T5 RPT
T6 RPT
T9 RPT

Quarter 3, 2019:

T2 RPT
T3 RPT
T4 RPT
T5 RPT
T6 RPT
T9 RPT

Quarter 2, 2019:

T2 RPT
T3 RPT
T4 RPT
T5 RPT
T6 RPT
T9 RPT

Quarter 1, 2019:

T2 RPT
T3 RPT
T4 RPT
T5 RPT
T6 RPT
T9 RPT
Best Execution RTS 28
These reports have been prepared by Daiwa Capital Market Deutschland GmbH (DCMD) for the purposes of meeting DCMD’s regulatory obligations under Commission Delegated Regulation (EU) 2017/576 (“MiFID II”).

2021

Best Execution RTS 28 (Top 5 venues and quality of Execution) Best Efforts report
CSV format


2020

Best Execution RTS 28 (Top 5 venues and quality of Execution) Best Efforts report
CSV format


2019

Best Execution RTS 28 (Top 5 venues and quality of Execution) Best Efforts report
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