vdp curve (Mortgage Pfandbrief)
Market transparency: The vdp curve (Mortgage Pfandbrief) offers an overview of the Pfandbrief banks' refinancing conditions in the capital market for real estate loans which are eligible as Pfandbrief cover. It reflects the average funding levels of vdp member institutions for maturities from 1 to 15 years.
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Brief description of the vdp curve (Mortgage Pfandbrief)
The German Pfandbrief banks use the vdp curve (Mortgage Pfandbrief) to offer their real estate customers additional transparency with regard to their mortgage loan terms. The daily fixing of the vdp Pfandbrief curve gives mortgagors an overview of the Pfandbrief banks' refinancing conditions on the capital market for mortgage loans eligible as Pfandbrief cover. Commercial customers especially benefit from this service, because it helps give them a better understanding of the interest rates that are individually agreed upon between them and their respective bank.
The vdp and the banks which participate in the compilation of the the vdp curve (Mortgage Pfandbrief), vdp curve (Public Pfandbrief) as well as the vdp Pfandbrief curve (old) – referred to in the following as “vdp curves” – assume no guarantee, warranty or liability, regardless of the legal reason, with regard to the correctness, accuracy, topicality, completeness, appropriateness or the suitability for a certain purpose of any vdp curves published on the vdp’s internet pages. The vdp and the banks which participate in the vdp curves (see above) bear no responsibility for any actions or omissions whatsoever that may result from the use of or reference to the vdp curves. The vdp and the banks which participate in the vdp curves (see above) preclude all liability for any damage or loss resulting from the use of or from reference to the vdp curves. The vdp curves are intended for informational purposes only. They do not constitute any recommendation to purchase or to sell, nor are they to be construed as an assurance that any developments or forecasts will be realized. The vdp reserves the right to modify, limit or discontinue the vdp curves at any time or to turn it into a service against reimbursement.