German Covered Bonds PDF ePub eBook

Books Info:

German Covered Bonds free pdf The Pfandbrief, a mostly triple-A rated German bank debenture, has become the blueprint of many covered bond models in Europe and beyond. The Pfandbrief is collateralized by long-term assets such as property mortgages or public sector loans as stipulated in the Pfandbrief Act. With a history that goes back to the 18th century and a high market share in today's covered bond markets, the German Pfandbrief is the most established covered bond. Until today, no single Pfandbrief has ever defaulted. Even though Pfandbriefe have survived the financial crisis comparably unharmed, investors have become more sensitive regarding the creditworthiness of the corresponding issuer and sovereign, the strength of the legal (or contractual) framework and the quality of the cover pool serving as collateral. This monograph provides a structured in-depth analysis of the legal framework and the risks inherent in a Pfandbrief, taking into consideration recent market developments. Starting from the legal framework, the German Pfandbrief is introduced without requiring prior knowledge. Covered bond related risks are explained in detail and their relevance to the Pfandbrief is thoroughly discussed with focus on the two most common Pfandbrief types, mortgage and public Pfandbriefe. In addition to that, the monograph comes with an extensive collection of Pfandbrief-related literature and a glossary explaining the main technical terms.

About Ralf Werner

Ralf Werner is professor for business mathematics at Augsburg University and Scientific Advisor to DEVnet. Prior to this, he was heading the Risk Methods

Details Book

Author : Ralf Werner
Publisher : Springer International Publishing AG
Data Published : 18 December 2013
ISBN : 331902552X
EAN : 9783319025520
Format Book : PDF, Epub, DOCx, TXT
Number of Pages : 91 pages
Age + : 15 years
Language : English
Rating :

Reviews German Covered Bonds



17 Comments Add a comment




Related eBooks Download


  • The Law and Practice of International Finance free pdfThe Law and Practice of International Finance

    Topics covered in this book include: jurisdictions of the world. principles of world insolvency law. bank term loans and syndicated credits. international bond issues and capital markets..


  • The German Legal System and Legal Language free pdfThe German Legal System and Legal Language

    The German Legal System and Legal Language is an established. reliable. and practical resource and learning tool. designed to give English language readers a clear and authoritative guide to the German legal system and its special language..


  • KS3 German Study Guide free pdfKS3 German Study Guide

    This book is full of vocabulary and phrases for every topic covered in KS3 German. It's easy to use. with one topic per page. and questions at the end of the section so you can practise your reading and writing skills..


  • KS3 German Study Guide free pdfKS3 German Study Guide

    This book is full of vocabulary and phrases for every topic covered in KS3 German. It's easy to use. with one topic per page. and questions at the end of the section so you can practise your reading and writing skills..


  • Glossarju Germaniz-Malti, Malti-Germaniz [GER] free pdfGlossarju Germaniz-Malti, Malti-Germaniz [GER]

    This German-Maltese-German glossary was scientifically compiled. making it an indispensable tool for anyone desiring to learn the German language and/or visit a German-speaking country. It is the first of its kind in the history of the teaching of German in Malta and is aimed specifically at the needs of the Maltese public..


  • German Covered Bonds free pdfGerman Covered Bonds

    . The Pfandbrief, a mostly triple-A rated German bank debenture, has become the blueprint of many covered bond models in Europe and beyond. The Pfandbrief is collateralized by long-term assets such as