Deutsche Bank Group 01 Important dates 2010 / 11 Deutsche Bank 2009 Financial Calendar Annual Review Annual Review 2010 Apr 27, 2010 Interim Report as of March 31, 2010 May 27, 2010 Annual General Meeting in the Festhalle Frankfurt am Main ( Exhibition Center ) May 28, 2010 Dividend payment Our identity Annual Review 2009 Strength in a new era Jul 28, 2010 Interim Report as of June 30, 2010 We compete to be the leading global provider of financial solutions, Oct 28, 2010 Interim Report as of September 30, 2010 The serious fi nancial crisis has made reorientation creating lasting value for our clients, our shareholders, our people Strength in a new era necessary. How can future upheavals that pose a 2011 and the communities in which we operate. Feb 3, 2011 Preliminary results for the 2010 financial year threat to the fi nancial system be avoided? How can Mar 15, 2011 Annual Report 2010 and Form 20-F Our brand risks be identifi ed in time? Can we grow to meet Apr 28, 2011 Interim Report as of March 31, 2011 May 26, 2011 Annual General Meeting Deutsche is clear: we are here to perform – in business and beyond. the challenges? What do we have to do? in the Festhalle Frankfurt am Main ( Exhibition Center ) We do this with a unique mix of passion and precision. This measured May 27, 2011 Dividend payment approach gives us the confidence to enable agile minds to look Jul 27, 2011 Interim Report as of June 30, 2011 The fi nancial services sector is facing major struc- beyond the obvious, gaining advantage for everyone we work with. Oct 26, 2011 Interim Report as of September 30, 2011 tural tasks. We must learn from recent experience Our values and rethink our understanding of value. Effective, Performance. Trust. Teamwork. Innovation. Client Focus. innovative and feasible solutions must be defi ned and implemented. A consistent regulatory framework, Our promise effective supervision and strict risk discipline are in Excellence. Relevant Client Solutions. Responsibility. the best interests of all. Deutsche Bank has taken on an active and construc- Draft for the tive role in this process of renewal. With strength comes responsibility – and we accept this responsi- Management Board bility towards the economy and society. We are Stand: xx.xx.2010 committed to remaining a reliable partner, today and in the future, for our shareholders, clients and staff. We discussed our annual topic “Strength in a new era” with our shareholder Javier Rodríguez Eguía, Bilbao (pages 10 / 11); our customer Marcela Drehmer, Director of Finance, Braskem, São Paulo (pages 24 / 25); our colleague Mary-Vic Tuban, Deutsche Knowledge Services Pte. Ltd., Manila (pages 48 / 49); and Anthony Heyward, New York (pages 54 / 55). Deutsche Bank Änderungsdatum Wed, 10-03-10, 09:32 Uhr Dateiname Umschlag_UK_770x270_RZ.indd 04 Further Information Glossary Investment banking Mortgage-backed securities ( MBS ) Prime services / brokerage Generic term for capital market-orient ed Securities backed by mortgage loans. Suite of products including Clearing business. This primarily includes the Sub-categories are Residential mort- and settlement, Custody, reporting issuing and trading of securities and gage-backed securities ( RMBS ) and and financing of positions for institu- their Derivatives, interest and curren- Commercial mortgage-backed securi- tional investors. cy management, Corporate finance, ties ( CMBS ). M & A advisory, structured finance and Private equity Private equity. Option Equity investment in non-listed compa- Right to purchase ( call option ) or sell nies. Examples are venture capital and Investor relations ( put option ) a specific asset ( e.g. securi- buyout funds. Investor relations describes the sys- ty or foreign exchange ) from or to a tematic and continuous two-way com- counterparty ( option seller ) at a prede- Quantitative investments munication between companies and termined price on or before a specific Portfolios of equities, bonds as well as both current and potential providers of future date. Hedge funds. Portfolios are managed capital. Information is supplied on major in a systematic and regulated frame- corporate events, financial results, busi- OTC derivatives work applying fundamental investment ness strategy and the capital market’s Nonstandardized financial instruments principles. The choice of investment is expectations of management. One ( Derivatives ) not traded on a stock determined by the processing of large objective of investor relations activities exchange, but directly between market data volumes while applying quantita- is to ensure that a company’s equity is participants ( over the counter ). tive methods and techniques. appropriately valued by the market. Portfolio Rating Leveraged buyout In general: part or all of one or all cate- External: standardized evaluation of Debt-financed purchase of all or parts of gories of assets ( e.g. securities, loans, issuers’ credit standing and debt instru- a company or specific activities of a equity investments or real estate ). Port- ments, carried out by special ized agen- company. Interest and principal pay- folios are formed primarily to diversify cies. ments are financed from the acquired risk. Internal: detailed risk assessment company’s future revenues. Here: combination of similar transac- of every exposure associated with an tions, especially in securities and/or obligor. Management buyout Derivatives, under price risk consider- Purchase of a company’s entire out- ations. Registered shares standing shares by its management, Shares registered in a person’s name. thereby ending the company’s listing. Portfolio management As required under joint stock com pany Management and administration of a law, that person is registered in the Mezzanine Portfolio of securities for a client. This share register with several personal Flexible, mixed form of financing com- can involve the continous review of the details and the number of shares prising equity and debt capital. portfolio and, if agreed with the client, owned. Only those persons entered in Here: long-term subordinated financ ing purchases and sales. the share register are deemed to be instrument used to finance growth shareholders of the company and are while at the same time strengthening Pre-tax return on average entitled, for instance, to exercise rights the borrower’s economic equity capital active equity at the General Meeting. base. Income before income tax expense attributable to Deutsche Bank share- holders ( annualized ), which is defined as income before income taxes less minority interest, as a percentage of Average active equity. 69 04 Further Information Glossary REIT Shareholder Value Trust & Securities Services Real Estate Investment Trust is a tax Management concept that focuses stra- Broad range of administrative serv ices designation for a corporation investing tegic and operational decisionmaking for securities. They include, for example, in real estate that reduces its corporate on the steady growth of a company’s securities custody, trust administration, income tax. It provides a structure for value. The guiding principle is that only issuing and paying agent services, investment in real estate similar to what returns above the cost of capital add depositary bank function for Ameri- mutual funds provide for investment value for shareholders. can Depositary Receipts ( ADRs ). stocks. Sharia-compliant U.S. GAAP ( United States Gener- Repo ( repurchase agreement ) In accordance with Islamic Law. ally Accepted Accounting Prin- An agreement to repurchase securities ciples ) sold ( genuine repurchase agree ment SPAC ( special purpose acquisition U.S. accounting principles drawn up by where the asset remains the seller’s company ) the Financial Accounting Standards property ). From the buyer’s viewpoint, Publicly traded buyout company that Board ( FASB ) and the American Insti- the transaction is a reverse repo. raises money in order to pursue the tute of Certified Public Accountants acquisition of an existing company. ( AICPA ). In addition, the interpretations Residential mortgage-backed and explanations furnished by the Secu- securities ( RMBS ) Subprime rities and Exchange Commission ( SEC ) Mortgage-backed securities ( MBS ), Used as a term to categorize U.S. mort- are particularly relevant for companies which are backed by residential mort- gages representing loans with a higher listed on the stock exchange. As in the gage loans. expectation of risk. case of IFRS, the main objective is to provide information useful for making Sale and lease back Sustainability decisions, especially for investors. Transaction in which one party sells Denotes the interplay of economy, ecol- assets such as real estate to another ogy and social responsibility with the party and at the same time enters into objective of sustainably advanc ing the an agreement to lease the assets for a basis for human life while preparing it pre-determined period of time. for the future. Sarbanes-Oxley Act ( SOX ) Swaps U.S. capital market law passed in 2002 In general: exchange of one payment to strengthen corporate governance flow for another. Interest rate swap: and restore investor confidence in exchange of interest payment flows in response to major corporate and the same currency with different terms accounting scandals. Legislation estab- and conditions ( e.g. fixed or floating ). lishes new or enhanced stand ards rang- Currency swap: exchange of inter est ing from additional Corporate Board payment flows and principal amounts in responsibilities