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Report: Some Deutsche Bank derivatives-clearing clients reduce exposure

Around 10 of Deutsche Bank AG's derivatives-clearing clients,including Millennium Partners, Capula Investment Management and Rokos CapitalManagement, moved part of their listed derivatives holdings to other firms,Bloomberg News reported Sept. 29, citing "a person familiar with thesituation."

According to an internal bank document seen by BloombergNews, some funds have cut their exposure in the week of Sept. 26. The movesignals rising concerns among clients after the U.S. Justice Department sought$14 billion from theGerman lender to settle a probe into residential MBS.

The bank said that it had "no intent to settle thosepotential civil claims anywhere near the number cited" and that itexpected to eventually pay fines similar to those paid by other banks.

"We are confident that the vast majority of [ourtrading clients] have a full understanding of our stable financial position,the current macroeconomic environment, the litigation process in the U.S. andthe progress we are making with our strategy," Michael Golden, a spokesmanfor Deutsche Bank, reportedly said in an emailed statement.