Welcome to the Recertification Tips. This page is designed to help internal business users complete account recertification requests accurately and efficiently.
This guide provides helpful response tips for each question you may receive during the recertification process. Please refer to it when completing your request to better understand what is being asked and what information is expected.
| Label/Question | Tips |
|---|---|
| GNM ID | GNM Identifier |
| External Entity & Market | This is the agent bank (External entity) that holds the account in the Market |
| External Account Number | This is the External account number opened with the agent bank in the market |
| External Account Name | This is the external account name/title recorded on this account |
| Account Type (Nostro/Depot) | Nostro (also known as Cash or a Currency account). Depot (also known as Securities or a Custody account). |
Currency (Nostros only) | This is the currency of the Nostro account. Not required for depot account. |
| Contractual Owner (DB Internal Entity) | This is the contractual owner of the account and may be different to the owner of the assets within the account |
| Account Classification (House/Client) | Deutsche Bank considers House accounts to hold Deutsche Bank assets and Client accounts to hold assets on behalf of DB clients. Any questions please do reach out to us directly (GNM.Recert@db.com) |
| Business Line | Confirm the Business Line owning/using the account |
| Product | Please ascertain the correct product to be listed for this account in line with the business line. |
| Business Owner | Review if the ownership details are accurate. If the contact has left the bank or no longer responsible for this role, please provide alternate contact (email ID as per GD). The listed Business owner must: • Be Business or Product Manager/Sales Coverage or UBR owner to which the account is mapped to and minimum corporate title of VP • Understand, own and be accountable for all transactions settled to the account; where account ownership is shared, be responsible for the transactions settled across the account that relate to their designated book • Provide approval for the retention of specific custodians as part of the annual Due Diligence review process • Accountable for any business-related Know Your Client (KYC)/ Request for Information (RFI) requests from agent banks • Ensure there is a representation in GNM Council by a defined member or its representative/delegate. |
| Account Reconciliation Owner | Review if the ownership details are accurate. If the contact has left the bank or no longer responsible for this role, please provide alternate contact (email ID as per GD). The listed Account reconciliation owner: • Is responsible for producing a Nostro or Depot account reconciliation and reporting any assigning breaks to BRO. • Arrange for re-allocation of accounts and transition of responsibilities to a new ARO, in advance of leaving the bank or transferring roles. |
| Funding Support Owner | Review if the ownership details are accurate. If the contact has left the bank or no longer responsible for this role, please provide alternate contact (email ID as per GD). The listed Funding support owner must: • Manage all end of day cash positions in line with pre-defined conditions agreed with the Business Owner. • Arrange for re-allocation of accounts and transition of responsibilities to a new FSO, in advance of leaving the bank or transferring roles. |
| Business Risk Owner | Review if the ownership details are accurate. If the contact has left the bank or no longer responsible for this role, please provide alternate contact (email ID as per GD). The listed Operational Account owner (Business Risk owner) must: • Be from Operations/ Infrastructure • Ensure any new account openings or changes (closure/amendment ( including agent, currency migrations)) to the Nostro or Depot account population are requested via the GNM Workflow prior to instructing the agent bank. • Ensure the purpose of an account is declared at the point of opening and /or upon requesting any amendment to an existing account with GNM to include Concentration accounts • Where both the Service Recipient (consuming business) and the Service Provider (agent) are branches of DB AG, the Operational Owner for the Service Recipient, and the Service Provider respectively, shall ensure that they each comply with the terms of the Interbranch Custody Protocol (available as an attachment to the Nostro Depot Governance Document) • Take responsibility for risk assessing and recertifying, on a minimum yearly basis, their accounts that are not reconciled on banks strategic platform (TLM) and raise a self-identified issue (SII) if needed. Provide a list of accounts to GRG monthly for reconciliation purposes • Escalate breaches/ incidents to Front Office when required • Complete a periodic recertification of Business and Operational account ownership • Arrange for re-allocation of accounts and transition of responsibilities to a new Business Owner or Operational Account owner, in advance of leaving the bank or transferring roles. |
| Account Status (Open/Closed) | Please confirm the status of the account (Open/Closed). If the account is closed, please proceed to raise Closure Requests via CENTRL for the same. For further assistance on submission of Closure request, please reach out to gnm.accounts-team@db.com |
| Reconciliation System | Confirm the system in which the account is being reconciled |
| Reconciliation Reference | Confirm the SET ID from the system the account is being reconciled in |
| Sub-Ledger 1 System Name | Confirm the internal ledger system name for this account |
| Sub-Ledger 1 Account Number | Confirm the internal ledger system account number for this account |
| Sub-Ledger 2 System Name | Confirm the internal ledger system name for this account (Update this attribute only if account has more than one ledger system) |
| Sub-Ledger 2 Account Number | Confirm the internal ledger system account number for this account (Update this attribute only if account has more than one ledger system) |
| Sub-Ledger 3 System Name | Confirm the internal ledger system name for this account (Update this attribute only if account has more than one ledger system) |
| Sub-Ledger 3 Account Number | Confirm the internal ledger system account number for this account (Update this attribute only if account has more than one ledger system) |
| Sub-Ledger 4 System Name | Confirm the internal ledger system name for this account (Update this attribute only if account has more than one ledger system) |
| Sub-Ledger 4 Account Number | Confirm the internal ledger system account number for this account (Update this attribute only if account has more than one ledger system) |
| Do you recognise the account? (Yes/No) | Confirm if you recognise the account? |
| Do you agree with the provided details? (Yes/No). If No, replace the respective attribute with valid account details. | Confirm if you agree to the above account details. If No, please overwrite the account attribute with the correct/valid account detail as per your records. For any other changes, please reach out to gnm.recert@db.com |
| Additional Comments | Please provide the correct business contact or any relevant information pertaining to this account, which can help to recertify the account |