The document provides an analysis of Deutsche Bank's derivatives exposure as of September 30, 2016, highlighting the impact of netting and collateral on IFRS derivative trading assets. It explains that the gross notional derivative exposure amounts do not reflect the credit or market risk and that IFRS accounting does not allow for all master netting agreements to reduce derivative assets shown on the balance sheet. The report states that DB's reported IFRS derivative trading assets of EUR 542bn would fall to EUR 36bn on a net basis after considering netting agreements and collateral received.
doj/DataSet10/EFTA01377130.pdf
{"title":"Derivatives exposure — headline numbers materially overstate the economic risk","document_date":"2016-09-30","document_type":"tabular","document_subtype":"financial report","key_organizations":["Deutsche Bank"],"reference_numbers":["DB-SDNY-0073702","SDNY_GM_00219886","EFTA01377130"]}