22 – Assets Pledged and Received as Collateral


The Group pledges assets primarily for repurchase agreements and securities borrowing agreements which are generally conducted under terms that are usual and customary for standard securitized borrowing contracts. In addition, the Group pledges collateral against other borrowing arrangements and for margining purposes on OTC derivative liabilities.

Carrying value of the Group’s assets pledged as collateral for liabilities or contingent liabilities

in € m.

Dec 31, 2012

Dec 31, 2011

1

Prior year numbers have been amended.

Interest-earning deposits with banks

150

71

Financial assets at fair value through profit or loss

89,138

83,862

Financial assets available for sale

6,413

11,886

Loans

57,022

45,0521

Other

570

330

Total

153,293

141,201

Assets transferred where the transferee has the right to sell or repledge are disclosed on the face of the balance sheet. As of December 31, 2012 and December 31, 2011, these amounts were € 91 billion and € 99 billion, respectively.

As of December 31, 2012 and December 31, 2011, the Group had received collateral with a fair value of € 311 billion and € 304 billion, respectively, arising from securities purchased under reverse repurchase agreements, securities borrowed, derivatives transactions, customer margin loans and other transactions. These transactions were generally conducted under terms that are usual and customary for standard secured lending activities and the other transactions described. The Group, as the secured party, has the right to sell or repledge such collateral, subject to the Group returning equivalent securities upon completion of the transaction. As of December 31, 2012 and December 31, 2011, the Group had resold or repledged € 261 billion and € 262 billion, respectively. This was primarily to cover short sales, securities loaned and securities sold under repurchase agreements.

Key figures comparison

Compare key figures of the past years. more