SEC Form 20-F - Deutsche Bank Annual Report 2012

Deutsche Bank Additional Notes F-162
Annual Report 2010 on Form 20-F 37 – Related Party Transactions
37 –
Related Party Transactions
Parties are considered to be related if one party has the ability to directly or indirectly control the other party or
exercise significant influence over the other party in making financial or operational decisions. The Group’s
related parties include
— key management personnel, close family members of key management personnel and entities which are
controlled, significantly influenced by, or for which significant voting power is held by key management
personnel or their close family members,
— subsidiaries, joint ventures and associates, and
— post-employment benefit plans for the benefit of Deutsche Bank employees.
The Group has several business relationships with related parties. Transactions with such parties are made in
the ordinary course of business and on substantially the same terms, including interest rates and collateral, as
those prevailing at the time for comparable transactions with other parties. These transactions also did not
involve more than the normal risk of collectibility or present other unfavorable features.
Transactions with Key Management Personnel
Key management personnel are those persons having authority and responsibility for planning, directing and
controlling the activities of Deutsche Bank, directly or indirectly. The Group considers the members of the
Management Board and of the Supervisory Board to constitute key management personnel for purposes of
IAS 24.
The following table presents the compensation expense of key management personnel.
in € m. 2010 2009 2008
Short-term employee benefits 23 22 9
Post-employment benefits 3 3 3
Other long-term benefits 3 – –
Termination benefits 2 – –
Share-based payment 6 7 8
Total 37 32 20
Among the Group’s transactions with key management personnel as of December 31, 2010 were loans and
commitments of € 10 million and deposits of € 9 million.
In addition, the Group provides banking services, such as payment and account services as well as investment
advice, to key management personnel and their close family members.
In 2010, a member of key management personnel received payments from a Group company. The contractually
enforceable payments are not included within compensation expense of key management disclosed above. At
the time the contractual arrangement was executed the payor company was not included in the Group of
consolidated companies.