SEC Form 20-F - Deutsche Bank Annual Report 2012

Deutsche Bank
Annual Report 2010 on Form 20-F
Item 4: Information on the Company 33
— Internet. On our website, we offer clients brokerage services, account information and product information
on proprietary and third-party investment products. These offerings are complemented with services that
provide information, analysis tools and content to support the client in making independent investment decisions.
— Self-service Terminals. These terminals support our branch network and allow clients to withdraw and transfer
funds, receive custody account statements and make appointments with our financial advisors.
In addition to our branch network and financial agents, we enter into country-specific distribution arrangements.
In Germany, for example, we have a cooperation agreement with Deutsche Vermögensberatung AG (referred to
as DVAG) whereby we distribute our mutual funds and other banking products through DVAG’s independent
distribution network. We also work together with ADAC (Germany’s and Europe’s largest automobile club with
more than 15 million members), with whom we have an exclusive sales cooperation agreement in place. Additionally,
we set up a valuable partnership with Vodafone in 2009, enabling both parties to benefit from each other’s
customer base. In order to complement our product range, we have signed distribution agreements, in which PBC
distributes the products of reputable product suppliers. These include an agreement with Zurich Financial Services
for insurance products, and a strategic alliance with nine fund companies for the distribution of their investment
products.
Corporate Investments Group Division
The Corporate Investments Group Division manages our global principal investment activities. The principal
investment activities include certain credit exposures, certain private equity and venture capital investments,
certain private equity fund investments, certain corporate real estate investments, our industrial holdings and
certain other non-strategic investments. Historically, its mission has been to provide financial, strategic, operational
and managerial capital to enhance the values of the portfolio companies in which the group division has
invested.
We believe that the group division enhances the bank’s portfolio management and risk management capability.
In terms of balance sheet exposure, the largest assets held by Corporate Investments are certain credit exposures
entered into as a response to the financial crisis. In the course of 2010 the liquidity facility for Deutsche
Pfandbriefbank AG (formerly Hypo Real Estate Bank AG) of € 9.2 billion, in which we participated in December
2009, was fully repaid. The last repayment was made in December 2010, at which point we participated in a
new liquidity facility for FMS Wertmanagement Anstalt des öffentlichen Rechts, the winding-up agency of the
Hypo Real Estate Group, by subscribing to € 6.4 billion of ECB-eligible notes.
In December 2009, the existing liquidity facility for Deutsche Pfandbriefbank AG in which we participated in
November 2008 with € 12.0 billion was fully repaid, at which point we participated in a new liquidity facility for
Deutsche Pfandbriefbank AG by subscribing to € 9.2 billion of ECB-eligible notes fully guaranteed by SoFFin
(Sonderfonds Finanzmarktstabilisierung, established by the German government in the context of the financial
crisis).
In November 2010, we accepted the buyback offer for € 433 million of the initial € 2.3 billion liquidity facility for
Sicherungseinrichtungsgesellschaft deutscher Banken mbH (“SdB”) in which we participated in February 2009.
This liquidity facility consists of ECB-eligible notes guaranteed by SoFFin.