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Three sources at Deutsche Bank (DBKGn.DE) told Reuters that the bank had set aside more than 1 billion euros ($1.1 billion) to defray derivatives for its bad bank.
The fee, which has not been disclosed publicly, is included in the bank's 7.4 billion euro restructuring budget. At present, the bank has begun to lay off 18,000 employees worldwide and withdraw from unprofitable businesses.
The key task of the bank's restructuring is to set up a bad-debt bank, which will include assets that Deutsche Bank does not intend to continue holding as preparatory for sale or write-downs. These assets include stock derivatives, long-term interest rates and credit derivatives, totalling 288 billion euros.
Sources say Deutsche Bank is still evaluating and balancing interest in these assets before repackaging some of them for sale.
Deutsche Bank declined to comment.
Sources said the bank would officially auction its stock derivatives positions in the next two months, and Reuters reported last week that banks in the United States and Europe had expressed "strong intentions" to do so.
The bank will then try to sell its long-term interest rate and credit derivatives portfolio. Sources said that these assets have low returns, need to hold a higher level of hedging capital, and are less attractive to buyers. Therefore, Deutsche Bank may need to sell at a larger discount.

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