Deutsche Bank Results Presentation Deck
Derivatives bridge
Q1 2023, IFRS derivative trading assets and the impact of netting and collateral, in € bn
Key highlights
246
I
IFRS
(185)
Impact of
Master Netting
Agreements
Note: for footnotes refer to slides 45 and 46
Deutsche Bank
Investor Relations
(35)
Cash Collateral
Q1 2023 results
April 27, 2023
(9)
Financial
Instrument
Collateral¹
17
Net amount
/
Gross notional derivative exposure amounts are not
exchanged and relate only to the reference amount of all
contracts; it is no reflection of the credit or market risk run
by a bank
On DB's IFRS balance sheet, derivative trading assets are
reported with their positive market values, representing
the maximum exposure to credit risk prior to any credit
enhancements
Under IFRS accounting, the conditions to be met allowing
for netting on the balance sheet are much stricter
compared to US GAAP
DB's reported IFRS derivative trading assets of € 246bn
would fall to € 17bn on a net basis, after considering
legally enforceable Master Netting Agreements² in place
and collateral received
>
In addition, DB actively hedges its net derivatives trading
exposure to further reduce the economic risk
37View entire presentation