Pfandbriefe

Pfandbriefe

The German equivalent of a mortgage-backed security. They are issued by mortgage banks and are considered the safest non-government bond in Germany.
References in periodicals archive ?
5 bn was attributable to public Pfandbriefe and and EUR 2.
Long-term liabilities A2 A+* A* Short-term liabilities P-1 F1+* A-1* Public Pfandbriefe Aaa AAA _ Mortgage Pfandbriefe - AAA - Financial strength/ viability rating D+ a+* - (*) Joint group rating of the Sparkassen-Finanzgruppe Hessen-Thuringen
db X-trackers II also offers a new bond index fund: db x-trackers II iBoxx EUR Liquid Covered Index UCITS ETF, which tracks the performance of euro-denominated investment-grade Pfandbriefe (mortgage bonds).
The merger of the two entities has been entered into the commercial register and Commerzbank has further received approval from the Federal Financial Supervisory Authority to issue public sector covered bonds, or pfandbriefe, and ship pfandbriefe.
The International Use of Synthetic Securitizations for Mortgage Financing i) Pfandbriefe and the History of the German Secondary Mortgage Market ii) Pfandbriefe and the Emerging Securitization Market in Germany C.
This type of covered bonds is also known as Oeffentlichen Pfandbriefe.
In order to comprehensively protect investors in Mortgage Pfandbriefe, (2) the mortgage lending value was defined as the value a property would achieve at any time during the period of the loan, in a sale at arm's length in the open market without force or coercion.
The legislation differs by country and is most mature in Germany, where covered bonds are known as Pfandbriefe and have been used for many years.
The legislation will also change the way that German banks fund themselves using their loan and mortgage books to back bond issues called Pfandbriefe.
The proposed law will permit the opening up of new mortgage and public credit securities in the Irish market along the lines of a system in Germany, known as Pfandbriefe bonds.
For instance, in Germany, the public-sector loan pool consists of loans to public-sector funded by offentliche Pfandbriefe, and, similarly, the mortgage asset pool consists of residential and non-residential mortgage loans funded by Hypothekenpfandbriefe.
Long-term liabilities A2 A+* A* Short-term liabilities P-1 F1+* A-1* Public Pfandbriefe Aaa AAA - Mortgage Pfandbriefe - AAA - Viability rating - a+* - * Joint group rating for the Sparkassen-Finanzgruppe Hessen-Thuringen (S-Group)