Sub-category of financial liabilities according to IFRS. They are distinguishable from provisions by a significantly higher degree of certainty in terms of amount or time of settlement obligation.

Amendment of the German Stock Corporation Act in the wake of the financial market crisis. The regulations are intended to provide incentives for measures in favour of sustainable company development, for example by making it easier to cut salaries of management board members if the company’s situation deteriorates.

Advanced approach for calculating the minimum capital requirements for credit risk in accordance with the Solvency Regulation CRR/Basel III.

Advanced approach for calculating the minimal capital requirements for operational risks in accordance with the Solvency Regulation CRR/Basel III.

The AIFM-StAnpG aligns the Investment Tax Act and VAT Act with the Capital Investment Code (KAGB) that came into force in July 2013 and regulates the taxation of all investment funds covered by the KAGB. Moreover, the Act creates the necessary fiscal conditions for pension pooling in Germany and the legal basis for FATCA data exchange.

EU directive that regulates managers of alternative investment funds. It affects fund managers who are based in the EU as well as fund managers from third-party countries who want to market their funds in the EU.

Risk analysis of the assets and liabilities of funded pension plans in order to define a tailored investment strategy.

Instrument used to manage liquidity risk. The available net liquidity is determined and monitored for both a basic scenario taking account of current market conditions as well as stress scenarios.

IAS 39 classification which describes financial instruments available to sell immediately.

Bank Recovery and Resolution Directive (BRRD)', 'EU directive for the standardised recovery and resolution of credit institutions and investment firms found to be in danger of failing. It is part of the Single Resolution Mechanism (SRM).

All balance sheet and off-balance sheet items of a bank that cannot be allocated to the trading book.

Capital Accord published by the Basel Committee on Banking Supervision which stipulates how much equity banks require to cover risks, which methods should be used to assess risks and how risks are to be published. The Accord also defines standards for the risk management of banks and its appraisal by the banking supervisory authority.

Additional regulations published by the Basel Committee on Banking Supervision which specify new requirements regarding the capital requirements, the leverage ratio and the liquidity standards of banks. These regulations have been successively introduced since 2013.

European regulation implementing the Basel III resolutions. In addition to existing regulations, such as the requirements for conducting banking business, the freedom of establishment and free movement of services and principles of banking supervision, the directive includes new rules on corporate governance, sanctions and the building of capital buffers.

European regulation implementing the Basel III resolutions. The CRR essentially comprises the requirements relating to capital and large exposures previously regulated in CRD III. In addition, it includes a revised definition of the capital base and higher capital ratios, new liquidity ratios, a leverage ratio and tighter rules for counterparty risk.

Risks associated with the premature termination of financial assets due to an unexpectedly high outflow of customer deposits.

Independent committee of the European banking supervisors, which advises the EU Commission, advances the implementation of the EU guidelines and contributes to the cross-border exchange of information.

Compensation fund of German banks (Entschädigungsfonds deutscher Banken, EdB)', 'Statutory compensation fund for deposit banks under private law. In addition to the EdB, there is a deposit protection fund of the Association of German Banks on a voluntary basis for private banks.

Indicates the probability that a potential loss will not exceed a specified amount.

An OTC derivative enabling investors to participate in rising and falling prices of an underlying asset.

This parameter forecasts over a 12-month period the proportion of an open credit line that will additionally be utilised at the time of default.

Bank regulatory core capital essentially comprises the paid-up capital, contributions by silent partners, general reserves, special reserve for general banking risks in accordance with Section 340g German Commercial Code (HGB) and, to a limited extent, innovative capital instruments such as hybrid capital. Also known as Tier 1 capital. The core capital ratio shows the core capital in relation to the weighted risk positions of a bank (for comdirect this applies without silent capital contributions, special reserves, innovative instruments).

Used to measure cost efficiency. The relationship between administrative expenses and earnings recorded in a financial year.

Measure of the premium or discount on a reference interest rate whose level depends on the credit rating and market positioning of the respective debtor.

Risk indicator. Unexpected, maximum, anticipated loss from credit risks, which is determined using the VaR concept (see Value-at-risk).

Method used to determine pension obligation, which takes account of future rates of increase in salaries and pensions among other factors.