Q2 2018 Fixed Income Investor Conference Call
Funding sources to TLAC reconciliation.
€ bn, as of 30 June 2018
198
Covered
21
(21)
bonds
Structured
26
(26)
notes
(16)
(0)
(16)
+1
119
Plain-vanilla
73
senior debt
AT1 / Tier 2
15
Shareholder's
Equity
83
63
Funding
Sources
TLAC excluded Senior plain
liabilities
vanilla debt
< 1 year(1)
Other
adjustments to
senior plain-
vanilla debt(2)
Regulatory
capital
adjustments (3)
Plain-vanilla
57
senior debt
TLAC
adjust-1-
ments
14
AT1 Tier 2(5)
CET1(5)
48
TLAC (capital)
adjustments(4)
Total TLAC
(1)
(2)
(3)
(4)
(5)
Funding sources view: < 1 year based on contractual maturity and next call/put option date of issuer/investor in line with WSF note; Instruments with issuer call options still qualify for
TLAC
Deduction of non TLAC eligible seniors (legacy non-EU law bonds; Postbank issuances; treasury deposits); recognition of senior plain-vanilla debt with issuer call options < 1 year;
recognition of hedge accounting effects in line with IFRS accounting standards for DB Group; deduction of own holdings of DB's eligible senior plain-vanilla debt
Regulatory capital deductions items (e.g. goodwill & other intangibles, DTA), regulatory maturity haircuts and minority deductions for Tier 2 instruments
TLAC eligible capital instruments not qualifying as fully loaded regulatory capital; add-back of regulatory maturity haircut for Tier 2 instruments with maturity > 1 year; G-SIB TLAC
holding deduction
Regulatory capital under fully loaded rules; includes AT1 and Tier 2 capital issued out of subsidiaries to third parties which is eligible until 2021YE according to the FSB term sheet
Deutsche Bank
Investor Relations
Q2 2018 Fixed Income Investor Call
27 July 2018
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