Deutsche Bank Considers Participating in SIV Fund

Deutsche Bank AG, Germany's biggest bank, is considering whether to join an $80 billion plan backed by the U.S. Treasury to revive the commercial paper market, Chief Executive Officer Josef Ackermann said.

``We're currently studying it and we're in a constructive dialogue with the American banks as well as American authorities,'' Ackermann said in an interview last night in Frankfurt. ``Any kind of support for the market, particularly from the private side, is desirable, but details aren't yet clear enough to make a final judgment.''

Citigroup Inc., JPMorgan Chase & Co. and Bank of America Corp., the three biggest U.S. banks, agreed on Oct. 15 to start a fund that would buy assets from distressed structured investment vehicles, or SIVs. Investors are refusing to buy commercial paper, loans due in 270 days or less, from the SIVs because they are concerned about the value of the mortgage securities, asset- backed debt and finance company bonds they own.

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