In this section, our customers can find news, notifications and warnings issued by DCMD.

July 2023
Warning of Fraudulent Activity, Scams, and Unauthorized Use of Daiwa Name

At DCMD, we are committed to providing products and services of the very highest standards. If you feel that you have not received the products or services that you expected in any way, we would like to know so that we can investigate and further improve the service we provide.

Details of how to submit a complaint and how it will be handled by DCMD are outlined in DCMD’s Complaints Handling Policy.

Complaints Handling Policy

The following Terms of Business (ToBs) set out the basis on which DCMD will provide services to you:

ToBs – Professional Clients
ToBs – Eligible Counterparties

In our Data Privacy Notice, we provide you with information on how DCMD collects and processes your personal data through our interactions with you, whether they be via your use of our website, your subscription to our marketing communications, or information that you or your employer may provide to us in the ordinary course of business.

It is important that you read this Data Privacy Notice together with any other data privacy notice we may provide on specific occasions when we are collecting or processing personal data about you so that you are fully aware of how and why we are using your data. This Data Privacy Notice supplements the other notices and is not intended to override them.

Data Privacy Notice

DCMD is required to establish and implement a best execution policy and provide appropriate information on this to its clients. This Best Execution Policy Notice is intended to summarise the details of this. The policy and arrangements are designed to allow DCMD to obtain the best possible result when executing orders on our clients’ behalf in accordance with MiFID II (specifically Directive 2014/65/EU article 27 para. 1 and Delegated Regulation (EU) 2017/565 article 65 para. 4).

Best Execution Policy Notice

Information in relation to ex-ante aggregated costs and associated charges for DCMD’s investment services and financial instruments in accordance with MiFID II article 24 para. 4 (c) are outlined in our Cost and Charges Disclosure Notice..

Cost and Charges Disclosure Notice

Pursuant to section 1 WpIG, DCMD is subject to WpIG since 26 June 2021. According to section 2 para. 1, section 2 para. 2 and section 2 para. 17 WpIG, DCMD qualifies as a medium-sized investment firm and thus has compiled a Disclosure document in line with the requirements of article 46 IFR and section 54 WpIG.

IFR Disclosure

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.

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

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”).

2023

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


2022

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


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