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 liabilities1

in € m.

Dec 31, 2014

Dec 31, 2013

1

Excludes assets pledged as collateral from transactions that do not result in liabilities or contingent liabilities

Financial assets at fair value through profit or loss

53,699

67,059

Financial assets available for sale

3,517

4,237

Loans

45,919

46,562

Other

302

884

Total

103,438

118,741

Total assets pledged to creditors available for sale or repledge1

in €

Dec 31, 2014

Dec 31, 2013

1

Includes assets pledged as collateral from transactions that do not result in liabilities or contingent liabilities

Financial assets at fair value through profit or loss

73,557

73,960

Financial assets available for sale

67

0

Total

73,624

73,960

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, 2014

Dec 31, 2013

Securities and other financial assets accepted as collateral

253,722

281,974

thereof:

 

 

collateral sold or repledged

203,321

241,700


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