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

 

Dec 31, 2014

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

160,733

0

0

0

0

Interest bearing deposits

138,030

160,290

51,183

13,855

12,503

Trading liabilities1

41,843

0

0

0

0

Negative market values from derivative financial instruments1

610,202

0

0

0

0

Financial liabilities designated at fair value through profit or loss

29,752

12,543

4,292

3,947

6,696

Investment contract liabilities2

0

91

847

1,586

5,999

Negative market values from derivative financial instruments qualifying for hedge accounting3

0

282

636

1,543

2,602

Central bank funds purchased

986

0

0

0

0

Securities sold under repurchase agreements

3,696

4,964

2,007

0

0

Securities loaned

1,961

26

0

0

363

Other short-term borrowings

26,633

8,035

8,832

0

0

Long-term debt

543

6,597

21,983

83,529

51,855

Trust preferred securities

0

4,183

1,396

6,440

251

Other financial liabilities

155,066

4,011

477

372

23

Off-balance sheet loan commitments

139,342

0

0

0

0

Financial guarantees

22,344

0

0

0

0

Total4

1,331,132

201,023

91,653

111,271

80,292

 

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

In 2014, comparatives have been restated by € 1.4 billion, as the book values were erroneously utilised instead of the required notional amounts.

3

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.

4

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.

5

In 2014, comparatives have been restated by € 10.5 billion to include Fronting Commitments erroneously not included in prior disclosure.

6

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 loss2

50,477

54,198

4,247

6,389

6,240

Investment contract liabilities3

0

76

793

1,328

5,871

Negative market values from derivative financial instruments qualifying for hedge accounting4

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 commitments5

114,617

0

0

0

0

Financial guarantees

20,605

0

0

0

0

Total6

1,195,438

284,650

62,688

98,034

75,373


Key figures comparison

Compare key figures of the past years. more