TOPDWH - Deutsche Bank AG - Notice : TOPDWH non barrier event - Amendment to
JSE TOPDWH
DEUT
TOPDWH - Deutsche Bank AG - Notice : TOPDWH non barrier event - Amendment to
initial SENS
Deutsche Bank AG
(incorporated under the laws of the Federal Republic of Germany)
acting through its London branch
Alpha Code : TOPDWH
ISIN number : DE000DB7Q0C7
NOTICE : TOPDWH non barrier event - Amendment to initial SENS
At approximately 15:00 today a large market capitalisation stock was pushed into
a volatility auction by a market participant. This market participant was not
Deutsche Bank, however the actions of this participant had a knock on effect on
one of Deutsche Banks products. The volatility auction caused the TOP40 index to
temporarily print at a low of 28 202 which was below the barrier level of the
listed warrant TOPDWH.
After consultation with the JSE, the JSE confirmed a trader error had occurred
in the market - this error could not be corrected because the error trades did
not qualify for contra trades in terms of JSE Rules and that there would be no
changes to the official index levels of the day. However due to the erroneous
nature of the print, Deutsche Bank has exercised its discretion to deem that the
wave warrant TOPDWH has not hit the barrier level and will continue to trade
until such time as the relevant level is breached.
Deutsche Bank has made this decision in the interests of market participants in
this product, however in no way does this represent a precedent for any future
trading or barrier events.
For further information contact:
X-markets Team
Tel: +27 11 775 7991
24 Feb 2011
Date: 24/02/2011 17:28:01 Produced by the JSE SENS Department.
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