We obtain collateral on the balance sheet only in certain cases by either taking possession of collateral held as security or by calling upon other credit enhancements. Collateral obtained is made available for sale in an orderly fashion or through public auctions, with the proceeds used to repay or reduce outstanding indebtedness. Generally we do not occupy obtained properties for our business use. The commercial and residential real estate collateral obtained in 2017 refers predominantly to our exposures in Spain.
Collateral obtained during the reporting periods |
||||
in € m. |
2017 |
2016 |
||
|
||||
Commercial real estate |
9 |
9 |
||
Residential real estate1 |
63 |
55 |
||
Other |
0 |
0 |
||
Total collateral obtained during the reporting period |
72 |
64 |
||
The collateral obtained, as shown in the table above, excludes collateral recorded as a result of consolidating securitization trusts under IFRS 10. In 2017 as well as in 2016 the Group did not obtain any collateral related to these trusts.