What are Daiwa’s plans for operations post-Brexit?
Brexit threatens DCME’s ability to continue to provide a full service to its EU-based clients. To provide certainty that, post-Brexit, our clients in the EU continue to receive the same level of service from Daiwa that they currently do we are in the process of establishing a subsidiary in Frankfurt. This new subsidiary is called Daiwa Capital Markets Deutschland GmbH (DCMD).
When will the new entity be up and running?
We will be in a position to provide a full range of services ahead of 29th March 2019.
Will there be any changes to the products and services DCME currently offers?
No. There will not be any changes as we will offer the same products and services as at present.
Will a new set of terms of business be required?
If you decide to change your trading relationship from DCME to DCMD, then a new set of terms of business with DCMD will need to be entered into.
Where will DCMD be located?
Daiwa Capital Markets Deutschland GmbH, Neue Mainzer Strasse 1, 60311 Frankfurt am Main
Who will be the relevant regulator?
DCMD will be regulated by BaFin.
Who should I speak to if I require further information?
Please speak with your usual Daiwa representative if you require further information.