Company: ADZCF
Filing Date: 2025-03-13
Form Type: 20-F
Source: 0001159508-25-000020
Chunk: 593

Company: DEUTSCHE BANK AKTIENGESELLSCHAFT
Filing Date: 2025-03-13
Form: 20-F
Chunk 593
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116.7 billion investment in securitization tranches and financing to third party funding entities. The Group’s financing to third party funding entities is collateralized by the assets in those structured entities.

Other assets as of December 31, 2024, and December 31, 2023, of € 12.9 billion and € 14.7 billion, respectively, consist primarily of cash margin balances.

Pending Receivable balances are not included in this disclosure note due to the fact that these balances arise from typical customer supplier relationships out of e.g., brokerage type activities and their inherent volatility would not provide users of the financial statements with effective information about Deutsche Bank’s exposures to structured entities.

Financial support

Deutsche Bank did not provide non-contractual support during the year to unconsolidated structured entities.

| 321 |

| Deutsche Bank      |
| Annual Report 2024 |

Sponsored unconsolidated structured entities where the Group has no interest as of December 31, 2024, and December 31, 2023 As a sponsor, Deutsche Bank is involved in the legal set up and marketing of the entity and supports the entity in different ways, namely: – Transferring assets to the entities – Providing seed capital to the entities – Providing operational support to ensure the entity’s continued operation – Providing guarantees of performance to the structured entities. The bank is also deemed a sponsor for a structured entity if market participants would reasonably associate the entity with Deutsche Bank. Additionally, the use of the Deutsche Bank name for the structured entity indicates that the bank has acted as a sponsor. The gross revenues from sponsored entities where the bank did not hold an interest as of December 31, 2024, and December 31, 2023, were € 581 million and € 38 million, respectively. Instances where the bank does not hold an interest in an unconsolidated sponsored structured entity include cases where any seed capital or funding to the structured entity has already been repaid in full to the Group during the year. This amount does not take into account the impacts of hedges and is recognized in Net gains/losses on financial assets/liabilities at fair value through profit and loss. The aggregated carrying amounts of assets transferred to sponsored unconsolidated structured entities in 2024 were € 3.7 billion for securitization and € 2.3 billion for repackaging and investment entities. In 2023, they were € 1.7 billion for securitization