The Group is eligible to present certain financial assets and financial liabilities on a net basis on the balance sheet pursuant to criteria described in Note 1 “Significant Accounting Policies and Critical Accounting Estimates: Offsetting Financial Instruments” of the Group’s Financial Report 2013.
The following tables provide information on the impact of offsetting on the consolidated balance sheet, as well as the financial impact of netting for instruments subject to an enforceable master netting arrangement or similar agreement as well as available cash and financial instrument collateral.
Assets per Sep 30, 2014
|
|
Sep 30, 2014 |
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|
|
|
|
|
Amounts not set off on the balance sheet |
|
||||
|
in € m. |
Gross amounts of financial assets |
Gross amounts set off on the balance sheet |
Net amounts of financial assets presented on the balance sheet |
Impact of Master Netting Agreements |
Cash collateral |
Financial instrument collateral1 |
Net amount |
||
|
|||||||||
|
Central bank funds sold and securities purchased under resale agreements (enforceable) |
25,318 |
(2,750) |
22,568 |
0 |
0 |
(22,347) |
221 |
||
|
Central bank funds sold and securities purchased under resale agreements (non-enforceable) |
3,342 |
0 |
3,342 |
0 |
0 |
(3,342) |
0 |
||
|
Securities borrowed (enforceable) |
13,338 |
0 |
13,338 |
0 |
0 |
(12,688) |
649 |
||
|
Securities borrowed (non-enforceable) |
14,754 |
0 |
14,754 |
0 |
0 |
(13,701) |
1,053 |
||
|
Financial assets at fair value through profit or loss |
|
|
|
|
|
|
|
||
|
Trading assets |
196,933 |
(573) |
196,360 |
0 |
(13) |
(655) |
195,692 |
||
|
Positive market values from derivative financial instruments (enforceable) |
732,327 |
(199,662) |
532,665 |
(461,891) |
(48,094) |
(10,957) |
11,723 |
||
|
Positive market values from derivative financial instruments (non-enforceable) |
23,102 |
0 |
23,102 |
0 |
0 |
0 |
23,102 |
||
|
Financial assets designated at fair value through profit or loss (enforceable) |
141,101 |
(59,033) |
82,067 |
(7,491) |
(1,892) |
(58,508) |
14,176 |
||
|
Financial assets designated at fair value through profit or loss (non-enforceable) |
60,846 |
0 |
60,846 |
0 |
0 |
(10,436) |
50,410 |
||
|
Total financial assets at fair value through profit or loss |
1,154,308 |
(259,268) |
895,041 |
(469,382) |
(49,999) |
(80,557) |
295,103 |
||
|
Loans |
395,950 |
(108) |
395,842 |
0 |
(14,886) |
(45,940) |
335,016 |
||
|
Other assets |
201,854 |
(26,841) |
175,013 |
(60,794) |
(64) |
(13) |
114,142 |
||
|
Thereof: Positive market values from derivatives qualifying for hedge accounting (enforceable) |
10,508 |
(6,550) |
3,958 |
(3,461) |
0 |
0 |
497 |
||
|
Remaining assets not subject to netting |
189,291 |
0 |
189,291 |
0 |
(1,027) |
(550) |
187,714 |
||
|
Total assets |
1,998,156 |
(288,967) |
1,709,189 |
(530,176) |
(65,977) |
(179,139) |
933,897 |
||
Liabilities per Sep 30, 2014
|
|
Sep 30, 2014 |
||||||
|
|
|
|
|
Amounts not set off on the balance sheet |
|
||
|
in € m. |
Gross amounts of financial liabilities |
Gross amounts set off on the balance sheet |
Net amounts of financial liabilities presented on the balance sheet |
Impact of Master Netting Agreements |
Cash collateral |
Financial instrument collateral |
Net amount |
|
Deposit |
543,195 |
(42) |
543,153 |
0 |
0 |
0 |
543,153 |
|
Central bank funds purchased and securities sold under repurchase agreements (enforceable) |
10,728 |
(3,027) |
7,701 |
0 |
0 |
(6,591) |
1,110 |
|
Central bank funds purchased and securities sold under repurchase agreements (non-enforceable) |
2,223 |
0 |
2,223 |
0 |
0 |
(2,223) |
0 |
|
Securities loaned (enforceable) |
2,226 |
0 |
2,226 |
0 |
0 |
(2,202) |
24 |
|
Securities loaned (non-enforceable) |
458 |
0 |
458 |
0 |
0 |
(406) |
53 |
|
Financial liabilities at fair value through profit or loss |
|
|
|
|
|
|
|
|
Trading liabilities |
49,334 |
(1,232) |
48,102 |
0 |
0 |
0 |
48,102 |
|
Negative market values from derivative financial instruments (enforceable) |
715,625 |
(199,939) |
515,686 |
(461,836) |
(49,145) |
(4,705) |
0 |
|
Negative market values from derivative financial instruments (non-enforceable) |
23,776 |
0 |
23,776 |
0 |
0 |
0 |
23,776 |
|
Financial liabilities designated at fair value through profit or loss (enforceable) |
104,486 |
(57,704) |
46,782 |
(7,491) |
0 |
(24,165) |
15,126 |
|
Financial liabilities designated at fair value through profit or loss (non-enforceable) |
20,538 |
0 |
20,538 |
0 |
0 |
(20,538) |
0 |
|
Total financial liabilities at fair value through profit or loss |
913,758 |
(258,875) |
654,883 |
(469,326) |
(49,145) |
(49,408) |
87,004 |
|
Other liabilities |
238,924 |
(27,023) |
211,901 |
(55,125) |
0 |
0 |
156,776 |
|
Thereof: Negative market values from derivatives qualifying for hedge accounting (enforceable) |
10,066 |
(6,550) |
3,516 |
(3,516) |
0 |
0 |
0 |
|
Remaining liabilities not subject to netting |
216,537 |
0 |
216,537 |
0 |
0 |
0 |
216,537 |
|
Total liabilities |
1,928,050 |
(288,967) |
1,639,083 |
(524,452) |
(49,145) |
(60,829) |
1,004,656 |
Assets per Sep 30, 2013
|
|
Dec 31, 2013 |
||||||||
|
|
|
|
|
Amounts not set off on the balance sheet |
|
||||
|
in € m. |
Gross amounts of financial assets |
Gross amounts set off on the balance sheet |
Net amounts of financial assets presented on the balance sheet |
Impact of Master Netting Agreements |
Cash collateral |
Financial instrument collateral1 |
Net amount |
||
|
|||||||||
|
Central bank funds sold and securities purchased under resale agreements (enforceable) |
26,675 |
(2,390) |
24,285 |
0 |
0 |
(24,271) |
15 |
||
|
Central bank funds sold and securities purchased under resale agreements (non-enforceable) |
3,077 |
0 |
3,077 |
0 |
0 |
(830) |
2,248 |
||
|
Securities borrowed (enforceable) |
11,438 |
0 |
11,438 |
0 |
0 |
(11,051) |
386 |
||
|
Securities borrowed (non-enforceable) |
9,432 |
0 |
9,432 |
0 |
0 |
(9,004) |
428 |
||
|
Financial assets at fair value through profit or loss |
|
|
|
|
|
|
|
||
|
Trading assets |
211,260 |
(1,190) |
210,070 |
0 |
(311) |
(2,881) |
206,878 |
||
|
Positive market values from derivative financial instruments (enforceable) |
738,425 |
(270,584) |
467,841 |
(406,616) |
(47,470) |
(10,297) |
3,458 |
||
|
Positive market values from derivative financial instruments (non-enforceable) |
36,749 |
0 |
36,749 |
0 |
0 |
0 |
36,749 |
||
|
Financial assets designated at fair value through profit or loss (enforceable) |
133,122 |
(19,575) |
113,547 |
(17,121) |
0 |
(84,266) |
12,160 |
||
|
Financial assets designated at fair value through profit or loss (non-enforceable) |
71,050 |
0 |
71,050 |
0 |
0 |
(50,263) |
20,787 |
||
|
Total financial assets at fair value through profit or loss |
1,190,605 |
(291,348) |
899,257 |
(423,737) |
(47,781) |
(147,706) |
280,032 |
||
|
Loans |
376,638 |
(56) |
376,582 |
0 |
(11,042) |
(46,899) |
318,640 |
||
|
Other assets |
128,724 |
(16,185) |
112,539 |
(43,574) |
(278) |
(385) |
68,302 |
||
|
Thereof: Positive market values from derivatives qualifying for hedge accounting (enforceable) |
9,375 |
(5,412) |
3,963 |
(3,518) |
0 |
0 |
445 |
||
|
Remaining assets not subject to netting |
174,790 |
0 |
174,790 |
0 |
0 |
(755) |
174,035 |
||
|
Total assets |
1,921,380 |
(309,979) |
1,611,400 |
(467,311) |
(59,102) |
(240,901) |
844,087 |
||
Liabilities per Sep 30, 2013
|
|
Dec 31, 2013 |
||||||
|
|
|
|
|
Amounts not set off on the balance sheet |
|
||
|
in € m. |
Gross amounts of financial liabilities |
Gross amounts set off on the balance sheet |
Net amounts of financial liabilities presented on the balance sheet |
Impact of Master Netting Agreements |
Cash collateral |
Financial instrument collateral |
Net amount |
|
Deposit |
527,750 |
0 |
527,750 |
0 |
0 |
0 |
527,750 |
|
Central bank funds purchased and securities sold under repurchase agreements (enforceable) |
7,098 |
(2,390) |
4,708 |
0 |
0 |
(4,675) |
33 |
|
Central bank funds purchased and securities sold under repurchase agreements (non-enforceable) |
8,673 |
0 |
8,673 |
0 |
0 |
(7,080) |
1,594 |
|
Securities loaned (enforceable) |
2,304 |
0 |
2,304 |
0 |
0 |
(2,112) |
192 |
|
Securities loaned (non-enforceable) |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
Financial liabilities at fair value through profit or loss |
|
|
|
|
|
|
|
|
Trading liabilities |
57,702 |
(1,898) |
55,804 |
0 |
0 |
0 |
55,804 |
|
Negative market values from derivative financial instruments (enforceable) |
721,233 |
(268,819) |
452,414 |
(411,547) |
(40,055) |
(812) |
0 |
|
Negative market values from derivative financial instruments (non-enforceable) |
31,015 |
0 |
31,015 |
0 |
0 |
(7,639) |
23,376 |
|
Financial liabilities designated at fair value through profit or loss (enforceable) |
88,021 |
(18,262) |
69,759 |
(17,121) |
(588) |
(49,055) |
2,995 |
|
Financial liabilities designated at fair value through profit or loss (non-enforceable) |
28,413 |
0 |
28,413 |
0 |
0 |
(3,890) |
24,523 |
|
Total financial liabilities at fair value through profit or loss |
926,384 |
(288,980) |
637,404 |
(428,668) |
(40,644) |
(61,395) |
106,698 |
|
Other liabilities |
182,204 |
(18,610) |
163,595 |
(46,058) |
0 |
0 |
117,537 |
|
Thereof: Negative market values from derivatives qualifying for hedge accounting (enforceable) |
6,028 |
(5,412) |
616 |
(616) |
0 |
0 |
0 |
|
Remaining liabilities not subject to netting |
212,000 |
0 |
212,000 |
0 |
0 |
0 |
212,000 |
|
Total liabilities |
1,866,414 |
(309,979) |
1,556,434 |
(474,725) |
(40,644) |
(75,262) |
965,803 |
The column “Gross amounts set off on the balance sheet” discloses the amounts offset in accordance with all the criteria described in Note 1 “Significant Accounting Policies and Critical Accounting Estimates: Offsetting Financial Instruments” of the Group’s Financial Report 2013.
The column “Impact of Master Netting Agreements” discloses the amounts that are subject to master netting agreements but were not offset because they did not meet the net settlement/simultaneous settlement criteria; or because the rights of off-setting are conditional upon the default of the counterparty only. The amounts presented for other assets and other liabilities include cash margin receivables and payables respectively.
The columns “Cash collateral” and “Financial instrument collateral” disclose the cash and financial instrument collateral amounts received or pledged in relation to the total amounts of assets and liabilities, including those that were not offset.
Non-enforceable master netting agreements refer to contracts executed in jurisdictions where the rights of set off may not be upheld under the local bankruptcy laws.
The cash collateral received against the positive market values of derivatives and the cash collateral pledged towards the negative mark-to-market values of derivatives are booked within the “Other liabilities” and “Other assets” balances respectively.
The Cash and Financial instrument collateral amounts disclosed reflect their fair values. The rights of set off relating to the cash and financial instrument collateral are conditional upon the default of the counterparty.