SEC Form 20-F - Deutsche Bank Annual Report 2012

Deutsche Bank
Annual Report 2010 on Form 20-F
Item 11: Quantitative and Qualitative Disclosures about Credit, Market and Other Risk 171
Daily Income of our Trading Units in 2010
The following histogram shows the distribution of daily income of our trading units in 2010 (excluding Postbank).
It displays the number of trading days on which we reached each level of trading income shown on the horizontal
axis in millions of euro.
Income of Trading Units in 2010
Days
20
15
10
5
0
In €. Million
(75) to (70)
(70) to (65)
(65) to (60)
(60) to (55)
(55) to (50)
(50) to (45)
(45) to (40)
(40) to (35)
(35) to (30)
(30) to (25)
(25) to (20)
(20) to (15)
(15) to (10)
(10) to (5)
(5) to 0
0 to 5
5 to 10
10 to 15
15 to 20
20 to 25
25 to 30
30 to 35
35 to 40
40 to 45
45 to 50
50 to 55
55 to 60
60 to 65
65 to 70
70 to 75
75 to 80
80 to 85
85 to 90
90 to 95
95 to 100
100 to 105
105 to 110
110 to 115
115 to 120
120 to 125
125 to 130
130 to 135
135 to 140
140 to 145
145 to 150
150 to 155
155 to 160
160 to 165
Over 165
Our trading units achieved a positive actual income for 92 % of the trading days in 2010 (versus 91 % in 2009).
Economic Capital Usage for our Trading Market Risk
The economic capital usage for market risk arising from the trading units totaled € 6.4 billion at year-end 2010
compared with € 4.6 billion at year-end 2009. Traded default risk increased by € 1.0 billion primarily from model
refinements and more conservative liquidity assumptions. Traded market risk increased by € 0.8 billion, driven
by model improvements with some partial offset from a reduction in legacy credit exposure. Postbank’s contribution
to our economic capital usage for our trading market risk was minimal.
Nontrading Market Risk Management
Our Nontrading Market Risk Management units oversee a number of risk exposures resulting from various
business activities and initiatives. Due to the complexity and variety of risk characteristics in the area of nontrading
market risks, the responsibility of risk management is split into three teams:
— The Nontrading Market Risk Management team within our Market Risk Management function covers market
risks in PBC, GTB, PWM and Corporate Investments as well as structural foreign exchange risks, equity
compensation risks and pension risks.
— The Principal Investments team within our Credit Risk Management function is specialized in risk-related
aspects of our nontrading alternative asset activities and performs monthly reviews of the risk profile of the
nontrading alternative asset portfolios.