Company: ADZCF
Filing Date: 2025-03-13
Form Type: 20-F
Source: 0001159508-25-000020
Chunk: 389

Company: DEUTSCHE BANK AKTIENGESELLSCHAFT
Filing Date: 2025-03-13
Form: 20-F
Chunk 389
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 Office of the Comptroller of the Currency, the Farm Credit Administration and the Federal Housing Finance Agency) have adopted final rules establishing margin requirements for non-cleared swaps and security-based swaps that are applicable to swap dealers and security-based swap dealers that are subject to U.S. prudential regulations (such as Deutsche Bank) in lieu of the CFTC’s and the SEC’s margin rules. Deutsche Bank implemented the exchange of both initial and variation margin for uncleared derivatives in the U.S. from September 2016, for the first category of counterparties subject to the U.S. prudential regulators’ margin requirements. Additional initial margin requirements for smaller counterparties have been phased in from September 2017 through September 2022, with the relevant compliance dates depending in each case on the transactional volume of the parties and their affiliates. The following table shows a breakdown of notional amounts and gross market values for assets and liabilities of exchange traded and OTC derivative transactions on the basis of clearing channel.

| 151 |

| Deutsche Bank      |
| Annual Report 2024 |

Notional amounts of derivatives on basis of clearing channel and type of derivative

|                                                                  |     |                          Dec 31, 2024 |     |                  |     |               |     |            |     |                     |     |                     |     |                |
|:-----------------------------------------------------------------|:----|--------------------------------------:|:----|-----------------:|:----|--------------:|:----|-----------:|:----|--------------------:|:----|--------------------:|:----|---------------:|
|                                                                  |     | Notional amount maturity distribution |     |                  |     |               |     |            |     |                     |     |                     |     |                |
| in € m.                                                          |     |                         Within 1 year |     | > 1 and≤ 5 years |     | After 5 years |     |      Total |     | Positivemarketvalue |     | Negativemarketvalue |     | Netmarketvalue |
| Interest rate related:                                           |     |                                       |     |                  |     |               |     |            |     |                     |     |                     |     |                |
| OTC                                                              |     |                            15,951,107 |     |       14,364,208 |     |     9,997,538 |     | 40,312,853 |     |             122,114 |     |             111,