Markets website
Markets
Markets helps environmental technology and renewable energy companies to raise and invest capital, to move capital from one country to another and to protect themselves against risk. We do this by arranging bonds, IPOs and private placements, and by making markets in financial contracts such as commodities, FX, credit default swaps and interest rate swaps and options.
Markets provides strategic advice to environmental technology and renewable energy companies on financing, risk management and investment, and designs bespoke solutions to meet individual needs.
We are acknowledged to be one of the world’s leading providers of these services, and employ around 6,000 professionals in 39 trading rooms around the world.
Markets is the division of Deutsche Bank that is responsible for the sale and trading of bonds, FX, commodities and derivatives. It is also responsible for debt origination and equity trading.
Markets website
Investment products
Deutsche Bank Markets provides environmentally-oriented exchange traded funds, systematic funds, certificates, warrants and notes. The exchange traded funds are issued under the brand name db x-trackers, the systematic funds are issued under the brand name db funds on the DB Platinum Platform, and the certificates and warrants are issued under the brand name x-markets. Most of our products track rules-based indices. Our products include: S&P US Carbon Efficient Exchange Traded Fund – tracks the performance of selected S&P 500 shares that have a relatively low carbon footprint. DB Platinum CROCI Carbon 100 Euro Total Return Fund – tracks the performance of a basket of 100 shares selected from the largest 400 stocks globally (US, Europe and Asia-Pacific) under CROCI coverage. The stocks are selected according to the CROCI methodology excluding stocks with the largest carbon footprints. Öko-Dax Certificate – tracks the performance of the ten biggest German renewable energy companies. S-Box GlobalSolar Certificate – tracks the performance of the world’s 20 biggest solar energy and silicium companies.
Emissions trading
Deutsche Bank has been a leading participant in the international carbon credit market since its inception. We invested in the Prototype Carbon Fund set up by the World Bank in 2000 to kick-start CDM and JI projects, and were the first bank to execute an emissions trade under the Umbrella Carbon Facility set up to facilitate CER and ERU trading. We make markets in a wide range of carbon credits including European Union Allowances (EUAs), Emissions Reductions Units (ERUs] and Certified Emissions Reductions (CERs). We have been involved in over 50 CDM projects including wind power, energy efficiency, landfill gas to electricity and cement waste heat recovery projects. Deutsche Bank was voted the No 1 CER trader in Energy Risk’s most recent poll of industry professionals.
Capital raising
Deutsche Bank helps environmental technology and renewable energy companies to raise capital by arranging bonds, initial public offerings and private placements for them. We also provide advice on how companies should finance themselves, and work closely with clients to design the capital structure that will best suit their needs. Deutsche Bank is acknowledged to be a leading player in this field because we are strong in all the different markets where capital can be raised. We work with all kinds of companies from multinationals to start-ups. We also arrange capital for one-off renewable energy and environment-related projects. Companies that we have raised capital for include agri.capital, REC, VREC, Hoku Scientific, Sunpower, the US Conergy and Solar Power.
Risk Management
Deutsche Bank helps companies in environmental sectors to manage their exposure to changes in FX rates, interest rates and credit default risk. We do this by making markets in derivative products such as swaps and options that provide protection against negative events, and by designing bespoke hedging solutions. We also provide hedging solutions to companies seeking to manage their exposures to changes in the price of carbon credits. We specialise in structured emission hedges that combine emission derivatives with derivatives in other commodities such as gas, power and freight to achieve better results than are possible in the plain vanilla market.
Securities trading
Deutsche Bank makes markets in the bonds and shares of nearly every major power generation, renewable energy, emission-related and environmental technology sectors. It is the leading market maker in renewable energy company shares with a No 1 market share in many stocks worldwide.
Research
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Deutsche Bank is acknowledged to be the market leader in research on carbon credits and emissions. It was voted the No 1 emissions research house by industry professionals in the 2009 Energy Risk survey.
Our dedicated emissions research team produces periodic analysis and outlook reports on the market, as well as regular in-depth reports on particular issues. Deutsche Bank also provides top-rated research on companies in environmental industries and in industries impacted by climate change such as power.
Further initiatives
Deutsche and Government of Ecuador pioneer carbon trading household energy efficiency
Deutsche Bank and the Government of Ecuador have entered into a pioneering transaction to finance household energy efficiency in Ecuador through the carbon market. more
Deutsche Bank executes CER trade for irish agency.
Deutsche Bank’s Global Markets business has helped the Irish Environmental Protection Agency (EPA) to raise €2.4 million ($3.3 million) through the sale of excess European Union carbon allowances.Deutsche Bank bought 185,000 allowances from the EPA to distribute through its global network of clients. EU allowances are carbon credits used in the EU Emissions Trading Scheme (ETS).
Deutsche Bank's Head of Environmental Financial Products Structuring David Costa-D'sa said: "This is the first trade we have completed with the EPA and our long-standing relationship with the Irish government and trading expertise enabled us to execute quickly and efficiently on its behalf."
"Working with the EPA reflects the breadth of our client base and we are delighted to continue cooperating with it," he said.
Deutsche Bank has a market-leading carbon emissions trading team and ranked number one in Energy Risk's 2010 Awards for each of secondary CERs/Options, EUA Options and research.
Deutsche Bank voted No. 1 provider of a wide range of emissions products
Deutsche Bank was voted the No. 1 provider of a wide range of emissions products by end users in Energy Risk's annual poll.It came top in the emissions research category for the second year running and was voted No 1 for EU emission allowance (EUA) options, Certificates of Emission Reductions and CER options in the secondary market.
Deutsche Bank was also voted a top two provider of EUAs and CERs in the primary market.
Coming on the back of Environmental Risk magazine's rankings published last year, the Risk survey confirms Deutsche Bank as the clear market leader in the emissions market. Deutsche Bank ranked No 1 for Primary and Secondary CERs in the Environmental Risk rankings, and top 2 for EUAs, EUA Options, ERUs and VERs.
This makes Deutsche Bank one of the only firms to be a top two player in every major area of the emissions market.
For further information on the poll, contact Kenneth DeMeo on +1 212 250 2783.
