33 – Maturity Analysis of the earliest contractual undiscounted cash flows of Financial Liabilities

 

Dec 31, 2013

in € m.

On demand

Due within 3 months

Due between 3 and 12 months

Due between 1 and 5 years

Due after 5 years

1

Trading liabilities and derivatives not qualifying for hedge accounting balances are recorded at fair value. The Group believes that this best represents the cash flow that would have to be paid if these positions had to be closed out. Trading liabilities and derivatives not qualifying for hedge accounting balances are shown within “on demand” which Group’s management believes most accurately reflects the short-term nature of trading activities. The contractual maturity of the instruments may however extend over significantly longer periods.

2

These are investment contracts where the policy terms and conditions result in their redemption value equaling fair value. See Note 41 “Insurance and Investment Contracts” for more detail on these contracts.

3

Derivatives designated for hedge accounting are recorded at fair value and are shown in the time bucket at which the hedged relationship is expected to terminate.

4

The balances in the table do not agree to the numbers in the Group’s balance sheet as the cash flows included in the table are undiscounted. This analysis represents the worst case scenario for the Group if the Group was required to repay all liabilities earlier than expected. The Group believes that the likelihood of such an event occurring is remote.

Noninterest bearing deposits

149,471

0

0

0

0

Interest bearing deposits

140,882

184,274

31,136

14,172

12,282

Trading liabilities1

55,804

0

0

0

0

Negative market values from derivative financial instruments1

483,428

0

0

0

0

Financial liabilities designated at fair value through profit or loss

50,477

54,193

4,241

6,330

4,880

Investment contract liabilities2

0

76

793

1,328

5,871

Negative market values from derivative financial instruments qualifying for hedge accounting3

0

20

35

238

323

Central bank funds purchased

2,056

0

400

0

0

Securities sold under repurchase agreements

6,485

4,630

645

0

0

Securities loaned

2,081

39

0

0

207

Other short-term borrowings

36,694

16,211

6,874

0

0

Long-term debt

840

16,663

16,713

67,325

50,105

Trust preferred securities

0

4,595

1,176

7,860

237

Other financial liabilities

131,998

3,946

669

722

107

Off-balance sheet loan commitments

104,075

0

0

0

0

Financial guarantees

20,605

0

0

0

0

Total4

1,184,896

284,645

62,682

97,975

74,012

 

Dec 31, 2012

in € m.

On demand

Due within 3 months

Due between 3 and 12 months

Due between 1 and 5 years

Due after 5 years

1

Trading liabilities and derivatives not qualifying for hedge accounting balances are recorded at fair value. The Group believes that this best represents the cash flow that would have to be paid if these positions had to be closed out. Trading liabilities and derivatives not qualifying for hedge accounting balances are shown within “on demand” which Group’s management believes most accurately reflects the short-term nature of trading activities. The contractual maturity of the instruments may however extend over significantly longer periods.

2

These are investment contracts where the policy terms and conditions result in their redemption value equalling fair value. See Note 41 “Insurance and Investment Contracts” for more detail on these contracts.

3

Derivatives designated for hedge accounting are recorded at fair value and are shown in the time bucket at which the hedged relationship is expected to terminate.

4

Prior year numbers have been restated.

5

The balances in the table do not agree to the numbers in the Group’s balance sheet as the cash flows included in the table are undiscounted. This analysis represents the worst case scenario for the Group if the Group was required to repay all liabilities earlier than expected. The Group believes that the likelihood of such an event occurring is remote.

Noninterest bearing deposits

143,918

0

0

0

0

Interest bearing deposits

136,625

234,048

35,496

19,035

16,005

Trading liabilities1

54,400

0

0

0

0

Negative market values from derivative financial instruments1

752,652

0

0

0

0

Financial liabilities designated at fair value through profit or loss

57,131

79,242

6,754

5,282

5,292

Investment contract liabilities2

0

53

788

1,225

5,666

Negative market values from derivative financial instruments qualifying for hedge accounting3

89

123

92

178

3,192

Central bank funds purchased

2,585

631

252

0

0

Securities sold under repurchase agreements

22,950

8,796

1,230

0

0

Securities loaned

3,110

96

0

0

33

Other short-term borrowings

18,611

41,761

9,376

0

0

Long-term debt

857

14,998

27,156

73,626

59,168

Trust preferred securities

0

2,956

2,410

5,522

3,818

Other financial liabilities

132,115

4,212

235

584

114

Off-balance sheet loan commitments

94,006

0

0

0

0

Financial guarantees4

20,507

0

0

0

0

Total5

1,439,556

386,919

83,790

105,454

93,289


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