SEC Form 20-F - Deutsche Bank Annual Report 2012

Deutsche Bank Notes to the Consolidated Balance Sheet F-111
Annual Report 2010 on Form 20-F 21 – Assets Pledged and Received as Collateral
21 –
Assets Pledged and Received as Collateral
The Group pledges assets primarily for repurchase agreements and securities borrowing agreements which
are generally conducted under terms that are usual and customary to standard securitized borrowing contracts.
In addition the Group pledges collateral against other borrowing arrangements and for margining purposes on
OTC derivative liabilities. The carrying value of the Group’s assets pledged as collateral for liabilities or contingent
liabilities is as follows.
in € m. Dec 31, 2010 Dec 31, 2009 1
Interest-earning deposits with banks 930 59
Financial assets at fair value through profit or loss 101,109 97,088
Financial assets available for sale 2 3,362 558
Loans 15,867 19,537
Other 3 181 56
Total 121,449 117,298
1 Prior year amounts have been adjusted.
2 Increase in financial assets available for sale predominantly due to consolidation of Postbank.
3 Includes Property and equipment pledged as collateral.
Assets transferred where the transferee has the right to sell or repledge are disclosed on the face of the balance
sheet. As of December 31, 2010, and December 31, 2009, these amounts were € 95 billion and € 80 billion,
respectively.
As of December 31, 2010, and December 31, 2009, the Group had received collateral with a fair value of
€ 269 billion and € 225 billion, respectively, arising from securities purchased under reverse repurchase
agreements, securities borrowed, derivatives transactions, customer margin loans and other transactions.
These transactions were 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.
As of December 31, 2010, and 2009, the Group had resold or repledged € 249 billion and € 200 billion, respectively.
This was primarily to cover short sales, securities loaned and securities sold under repurchase agreements.