entire - Deutsche Bank Annual Report 2012

Deutsche Bank 02 – Consolidated Financial Statements 235
Financial Report 2010 Notes to the Consolidated Balance Sheet
12 – Financial Assets/Liabilities at Fair Value through Profit or Loss
Notes to the Consolidated Balance Sheet
12 –
Financial Assets/Liabilities at Fair Value through Profit or Loss
The following are the components of financial assets and liabilities at fair value through profit or loss.
in € m. Dec 31, 2010 Dec 31, 2009
Trading assets:
Trading securities 238,283 206,710
Other trading assets 1 33,008 28,200
Total trading assets 271,291 234,910
Positive market values from derivative financial instruments 657,780 596,410
Financial assets designated at fair value through profit or loss:
Securities purchased under resale agreements 108,912 89,977
Securities borrowed 27,887 19,987
Loans 23,254 2 12,964
Other financial assets designated at fair value through profit or loss 11,873 11,072
Total financial assets designated at fair value through profit or loss 171,926 134,000
Total financial assets at fair value through profit or loss 1,100,997 965,320
1 Includes traded loans of € 23,080 million and € 21,847 million at December 31, 2010 and 2009 respectively.
2 Includes € 8 billion of Postbank loans designated at fair value through the profit or loss.
in € m. Dec 31, 2010 Dec 31, 2009
Trading liabilities:
Trading securities 65,183 62,402
Other trading liabilities 3,676 2,099
Total trading liabilities 68,859 64,501
Negative market values from derivative financial instruments 647,171 576,973
Financial liabilities designated at fair value through profit or loss:
Securities sold under repurchase agreements 107,999 52,795
Loan commitments 572 447
Long-term debt 15,280 15,395
Other financial liabilities designated at fair value through profit or loss 6,303 4,885
Total financial liabilities designated at fair value through profit or loss 130,154 73,522
Investment contract liabilities 1 7,898 7,278
Total financial liabilities at fair value through profit or loss 854,082 722,274
1 These are investment contracts where the policy terms and conditions result in their redemption value equaling fair value. See Note 39 “Insurance and Investment
Contracts”, for more detail on these contracts.
Loans and Loan Commitments designated at Fair Value through Profit or Loss
The Group has designated various lending relationships at fair value through profit or loss. Lending facilities
consist of drawn loan assets and undrawn irrevocable loan commitments. The maximum exposure to credit
risk on a drawn loan is its fair value. The Group’s maximum exposure to credit risk on drawn loans, including
securities purchased under resale agreements and securities borrowed, was € 160 billion and € 123 billion as
of December 31, 2010, and 2009, respectively. Exposure to credit risk also exists for undrawn irrevocable loan
commitments.