Collateral Obtained

We obtain collateral on the balance sheet by taking possession of collateral held as security or by calling upon other credit enhancements. Collateral obtained is made available for sale in an orderly fashion or through public auctions, with the proceeds used to repay or reduce outstanding indebtedness. Generally we do not occupy obtained properties for our business use.

Collateral obtained during the reporting periods

in € m.

2013

2012

Commercial real estate

10

30

Residential real estate

48

62

Other

0

0

Total collateral obtained during the reporting period

58

92

The commercial and residential real estate collateral obtained in 2013 refers predominantly to our U.S. and Spain exposures.

The commercial real estate collateral obtained, as shown in the table above, excludes collateral recorded as a result of consolidation of SPVs which hold commercial real estate assets due to the Group obtaining control over the structured entity borrower during the second and third quarters of 2013. The year-end amount in relation to collateral obtained for these were € 1.4 billion for December 31, 2013 compared to € 0 million as of December 31, 2012.

The residential real estate collateral obtained, as shown in the table above, excludes collateral recorded as a result of consolidating securitization trusts under IFRS 10. The year-end amounts in relation to collateral obtained for these trusts were € 4 million for December 31, 2013 and € 10 million for December 31, 2012.