22 Ιουνίου 2014

This description of KfW and the Federal Republic of Germany is dated May 10, 2012 and appears as Exhibit (d) to the Annual Report on Form 18-K of KfW for the fiscal year ended December 31, 2011.

EX-99.D d345227dex99d.htm EXHIBIT (D)
Exhibit (d)
This description of KfW and the Federal Republic of Germany is dated May 10, 2012 and appears as Exhibit (d) to the Annual Report on Form 18-K of KfW for the fiscal year ended December 31, 2011.
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 http://www.sec.gov/Archives/edgar/data/821533/000119312512223946/d345227dex99d.htm

http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2014/04/DB%20Total%20Derivative%20Exposure%20Dec%2031%202013.jpg

The Elephant In The Room: Deutsche Bank's $75 Trillion In Derivatives Is 20 Times Greater Than German GDP
The number in question? €54,652,083,000,000 which, converted into USD at the current exchange rate, amounts to $75,718,274,913,180. Which is over $5 trillion more than JPM's total derivative holdings.



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