EFTA01459012.pdf

Deutsche Asset & Wealth Management Glossary Explanation of terms The asset purchase programme (APP) refers to purchases of marketable debt instruments by the ECB. Bunds are issued by Germany's federal government, most frequently with a maturity of 10 years, and are the German equivalent of U.S. Treasury bonds. The DAX is a blue-chip stock-market index consisting of the 30 major German companies trading on the Frankfurt Stock Exchange. The deposit rate is the rate banks receive when they make ovemight deposits with the ECB The European Central Bank (ECB) is the central bank for the Eurozone. The Eurozone, also called the euro area, is a monetary union of 19 of the 28 European Union (EU) member states which have adopted the euro as their common currency. Periphery countries are less developed than the core countries of a specific region. In the Eurozone, the euro periphery consists of the economically weaker countries such as Greece, Portugal, Italy, Spain and Ireland Volatility is the degree of variation of a trading-price series over time. •;iO FPO TN, nowtw.4r ons cif, KI:Kbed Imo,Kin ECB' tic 71% CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0119207 CONFIDENTIAL SDNY_GM_00265391 EFTA01459012