22 – Assets Pledged and Received as Collateral

The Group pledges assets primarily for repurchase agreements, securities borrowing agreements as well as other borrowing arrangements and for margining purposes on OTC derivative liabilities. Pledges are generally conducted under terms that are usual and customary for standard securitized borrowing contracts and other transactions described.

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

in € m.

Dec 31, 2013

Dec 31, 20121

1

Prior year numbers have been restated (decreases of € 10 million in interest earning deposits with banks, increase of € 1,9 billion in financial assets at fair value through profit or loss, decreases of € 587 million in financial assets available for sale and € 4.9 billion in loans).

Interest-earning deposits with banks

0

4

Financial assets at fair value through profit or loss

67,059

89,630

Financial assets available for sale

4,237

5,826

Loans

46,562

51,828

Other

884

570

Total

118,741

147,857

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, 2013 and December 31, 2012, these amounts were € 74 billion and € 91 billion, respectively.

The Group receives collateral primarily in reverse repurchase agreements, securities lending agreements, derivatives transactions, customer margin loans and other transactions. These transactions are 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. This right is used primarily to cover short sales, securities loaned and securities sold under repurchase agreements.

Fair Value of collateral received

in € m.

Dec 31, 2013

Dec 31, 2012

Securities and other financial assets accepted as collateral

281,974

310,861

thereof:

 

 

collateral sold or repledged

241,700

260,712


Key figures comparison

Compare key figures of the past years. more