German Derivatives Association

from Wikipedia, the free encyclopedia

This article was the basis of content and / or formal deficiencies in the quality assurance side of the portal economy entered.
You can help by eliminating the shortcomings mentioned there or by participating in the discussion .

German Derivatives Association

logo
legal form registered association eV
founding February 14, 2008
Seat Frankfurt am Main , GermanyGermanyGermany 
management Henning Bergmann (Managing Director)
Branch Derivatives
Website www.derivateverband.de

The German Derivatives Association e. V. (DDV) is the industry representative of the 16 leading issuers of derivative securities in Germany and represents more than 90 percent of the total market in terms of market volume (open interest). As a political interest group, it is active in Berlin and Brussels. This is the largest derivatives association in Europe.

history

The association was founded on February 14, 2008 by 17 issuers of derivative securities. The association emerged from the two former interest groups “Derivate Forum e. V. "and" Deutsches Derivate Institut e. V. ”. The founding members include both members of the two previous interest groups and other large issuers without prior association membership. After the merger, Hartmut Knüppel was Managing Director from 2008 to 2019.

The DDV has offices in Frankfurt am Main and Berlin .

tasks and goals

DDV office in Frankfurt am Main
DDV office in Berlin

The association wants to promote the derivatives market and increase the acceptance of certificates, reverse convertibles and warrants in Germany. According to the association, the goals of the association also include protecting investors and improving the comprehensibility and transparency of the products .

Political advocacy

The association represents the business interests of its members in Germany and together with the European umbrella organization eusipa at European level.

Contact for the public

As part of its press and public relations work, the DDV clarifies the financial product certificates and communicates the alleged benefits of certificates , reverse convertibles and warrants . To this end, the DDV issues press releases, holds press conferences and offers information material.

Fields of activity

In order to achieve the association's goals and to promote the asset class of certificates, the DDV is currently active in the following fields:

  • The fairness code is a voluntary commitment of the association members. It lays down guidelines for the structuring, issuing, distribution, marketing and trading of derivative securities. Binding standards are created within the association that are intended to instill confidence in the offers of the issuers among investors.
  • The certificate test evaluates the offers from different issuers according to a uniform system and thus significantly improves the transparency of the products.
  • The association regularly prepares statistical material and market information and publishes the results. These include statistics on the market volume, the market shares of the individual issuers and stock exchange turnover statistics, from which you can see the exchange turnover or how many securities are traded on the stock exchanges.
  • The German Derivatives Association (DDV) supports the initiative of the European Derivatives Group (EDG) to bring out indices for capital protection, bonus and discount certificates as well as reverse convertible bonds. With the publication of the certificate indices, transparent benchmarks for the most important certificate types are available. This gives investors a better insight into the development of the certificate indices in the relevant month and enables them to compare the performance with the performance of other financial products.

Members and sponsoring members

The association only counts issuers among its members. These are among the leading issuers of derivative securities in Germany and, measured by market volume (open interest), represent more than 90 percent of the total market.

The association has the following members: BayernLB , BNP Paribas , Citigroup , Commerzbank , DekaBank , Deutsche Bank , DZ Bank , Goldman Sachs , Helaba , HSBC Trinkaus , HypoVereinsbank , LBBW , Morgan Stanley, Société Générale , UBS and Vontobel .

Non-issuers can, however, take part in the association as supporting members. You do not have the right to vote, but you will receive all essential information about the association and you can participate in the various working groups and committees of the association.

The association's work is supported as sponsoring members: Boerse Stuttgart ( EUWAX ), Deutsche Boerse ( Boerse Frankfurt certificates ) as well as Baader Bank, comdirect Bank, Consorsbank, flatex, ING-DiBa, maxblue , S Broker AG, Ariva. de, FactSet, Lucht Probst Associates, OnVista , Smarthouse, SmartTrade, Solvians and the vwd group.

organization

General meeting

The German Derivatives Association is a registered association. The general assembly is the supreme body of the DDV. The executive committee is appointed and the association's policy is determined during the general assembly.

Board of Directors and Management

The board consists of a team of five:

  • Dominik Auricht heads the Public Distribution division at UniCredit Bank AG in the central Corporates & Investment Banking division. H. the public distribution of certificates and warrants in Germany and Austria.
  • Klaus Oppermann is Derivatives Global Head of Public Distribution at Commerzbank.
  • Christine Romar heads the sales of structured products in Germany and Austria at Citigroup Global Markets Deutschland AG.
  • Jan Krüger heads the Equity Derivatives Sales division at LBBW, where he is responsible for the sales and marketing of structured retail products as well as looking after institutional customers in the equity derivatives business.
  • Henning Bergmann is the managing director of the German Derivatives Association. He is also head of the Berlin office.

The managing directors of the German Derivatives Association are Lars Brandau and Henning Bergmann.

Committees

The committees have the task of addressing industry-specific problems and developing approaches that they then pass on to the board of directors and the general assembly.

There are the following committees:

  • Issuing business (Chairman: Georg Krull , HSBC Trinkaus & Burkhardt AG)
  • Regulation and investor protection (Chairman: Nikolaus Neundörfer , Deutsche Bank)
  • Tax Committee (Chairman: Thomas Wagner, UniCredit Bank AG)

Scientific Advisory Board

Under the chairmanship of Sigrid Müller, a scientific advisory board accompanies the work of the association and advises the board on all questions relating to derivative securities.

The scientific advisory board currently consists of five members:

  • Sigrid Müller, Director of the Institute for Financing at the Humboldt University in Berlin
  • Lutz Johanning, holder of the chair for empirical capital market research at WHU - Otto Beisheim School of Management
  • Christian Koziol, holder of the Chair of Finance at the Eberhard-Karls University of Tübingen
  • Bernd Rudolph , Director of the Institute for Capital Market Research and Financing at the Ludwig Maximilians University in Munich
  • Dirk Schiereck , head of the corporate finance department at the Technical University of Darmstadt

Web links

Individual evidence

  1. ↑ Management , accessed April 8, 2019
  2. ↑ Dr. Henning Bergmann / Dr. Hartmut Knüppel. Retrieved August 22, 2020 .
  3. ↑ Hartmut Knüppel 65 - boersen-zeitung.de. Retrieved August 22, 2020 .
  4. ↑ Derivateverband.de: Deutscher Derivate Verband: Board of Directors (accessed on September 30, 2013)
  5. ↑ Derivateverband.de: Deutscher Derivate Verband: Management (accessed on September 30, 2013)
  6. ↑ Derivateverband.de: Deutscher Derivate Verband: Scientific Advisory Board (accessed on September 30, 2013)