Attached files

file filename
10-K - WFRBS Commercial Mortgage Trust 2011-C5wcm11c05_10k-2011.txt
EX-31 - WFRBS Commercial Mortgage Trust 2011-C5wcm11c05_31.txt
EX-34.3 - WFRBS Commercial Mortgage Trust 2011-C5wcm11c05_34-3.txt
EX-34.2 - WFRBS Commercial Mortgage Trust 2011-C5wcm11c05_34-2.txt
EX-33.6 - WFRBS Commercial Mortgage Trust 2011-C5wcm11c05_33-6.txt
EX-33.3 - WFRBS Commercial Mortgage Trust 2011-C5wcm11c05_33-3.txt
EX-34.6 - WFRBS Commercial Mortgage Trust 2011-C5wcm11c05_34-6.txt
EX-33.8 - WFRBS Commercial Mortgage Trust 2011-C5wcm11c05_33-8.txt
EX-35.2 - WFRBS Commercial Mortgage Trust 2011-C5wcm11c05_35-2.txt
EX-34.5 - WFRBS Commercial Mortgage Trust 2011-C5wcm11c05_34-5.txt
EX-34.7 - WFRBS Commercial Mortgage Trust 2011-C5wcm11c05_34-7.txt
EX-35.1 - WFRBS Commercial Mortgage Trust 2011-C5wcm11c05_35-1.txt
EX-33.4 - WFRBS Commercial Mortgage Trust 2011-C5wcm11c05_33-4.txt
EX-33.5 - WFRBS Commercial Mortgage Trust 2011-C5wcm11c05_33-5.txt
EX-35.3 - WFRBS Commercial Mortgage Trust 2011-C5wcm11c05_35-3.txt
EX-34.8 - WFRBS Commercial Mortgage Trust 2011-C5wcm11c05_34-8.txt
EX-34.1 - WFRBS Commercial Mortgage Trust 2011-C5wcm11c05_34-1.txt
EX-33.7 - WFRBS Commercial Mortgage Trust 2011-C5wcm11c05_33-7.txt
EX-34.4 - WFRBS Commercial Mortgage Trust 2011-C5wcm11c05_34-4.txt
EX-33.1 - WFRBS Commercial Mortgage Trust 2011-C5wcm11c05_33-1.txt

  EX-33.2
MANAGEMENT'S ASSERTION OF COMPLIANCE


Management of the Trust & Securities Services department of Deutsche Bank
National Trust Company and Deutsche Bank Trust Company Americas (collectively
the "Company") is responsible for assessing the servicing criteria set forth in
Item 1122(d) of Regulation AB promulgated by the Securities and Exchange
Commission to determine which criteria are applicable to the Company in respect
of the servicing platform described below. Management has determined that the
servicing criteria are applicable in regard to the servicing platform for the
period as follows:


Platform: Publicly-issued (i.e., transaction-level reporting required under the
Securities Exchange Act of 1934, as amended) residential mortgage-backed
securities, commercial mortgage-backed securities and other asset-backed
securities issued on or after January 1, 2006 for which the Company provides
trustee, securities administration, paying agent or custodian services, as
defined in the transaction agreements, excluding publicly-issued securities
sponsored or issued by any government sponsored entity (the "Platform").

Applicable Servicing Criteria: All servicing criteria set forth in Item 1122(d),
except for the following criteria: 1122(d)(2)(iii) and 1122(d)(4)(iv) -
1122(d)(4)(xiv),which management has determined are not applicable to the
activities the Company performs with respect to the Platform (the "Applicable
Servicing Criteria"). With respect to Applicable Servicing Criteria
1122(d)(1)(ii), 1122(d)(1)(iii), 1122(d)(3)(i)(C), and 1122(d)(4)(iii) there
were no activities performed during the year ended December 31, 2011 with
respect to the Platform, because there were no occurrences of events that would
require the Company to perform such activities.

Period: Year ended December 31, 2011 (the "Period").

Management's interpretation of Applicable Servicing Criteria: The Company's
management has determined that servicing criterion 1122(d)(1)(iii) is applicable
only with respect to its continuing obligation to act as, or locate a, successor
servicer under the circumstances referred to in certain transaction agreements.
It is management's interpretation that the Company has no other active back-up
servicing responsibilities in regards to 1122(d)(1)(iii) as of and for the
Period. The Company's management has determined that servicing criterion
1122(d)(4)(iii) is applicable to the activities the Company performs with
respect to the Platform only as it relates to the Company's obligation to
report additions, removals or substitutions on reports to investors in
accordance with the transaction agreements.


With respect to the Platform and the Period, the Company's management provides
the following assertion of compliance with respect to the Applicable Servicing
Criteria:

1. The Company's management is responsible for assessing the Company's
compliance with the Applicable Servicing Criteria as of and for the Period.

2. The Company's management has assessed compliance with the Applicable
Servicing Criteria as of and for the Period. In performing this assessment,
management used the criteria set forth by the Securities and Exchange
Commission in paragraph (d) of Item 1122 of Regulation AB.

3. Based on such assessment as of and for the Period, the Company has complied,
in all material respects with the Applicable Servicing Criteria.

KPMG LLP, an independent registered public accounting firm, has issued an
attestation report with respect to management's assertion of compliance with the
Applicable Servicing Criteria as of and for the Period.


(page)


DEUTSCHE BANK NATIONAL TRUST COMPANY

By: /s/ Gary R. Vaughan
Name: Gary R. Vaughan
Its: Managing Director

By: /s/ David Co
Name: David Co
Its: Director

By: /s/ Matt Bowen
Name: Matt Bowen
Its: Managing Director

By: /s/ Kevin Fischer
Name: Kevin Fischer
Its: Director

By: /s/ Robert Frier
Name: Robert Frier
Its: Director


DEUTSCHE BANK TRUST COMPANY AMERICAS

By: /s/ Jenna Kaufman
Name: Jenna Kaufman
Its: Director


Dated: February 28, 2012