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Transparency of Pfandbrief Cover Pools pursuant to § 28 of the Pfandbrief Act

The vdp regularly publishes the aggregated data of all German Pfandbrief Banks pursuant to the requirements of § 28 of the Pfandbrief Act.

§ 28 of the Pfandbrief Act requires that all Pfandbrief Banks publish details of the composition of their respective cover pools for Mortgage, Public and Ship Pfandbriefe. The wording of the entire Pfandbrief Act (unofficial translation) can be found here. These stringent criteria enable investors to screen the composition of each cover pool of every Pfandbrief issuer on a quarterly basis. Specifically, the reports contain the following data:

  • § 28 para. 1 Nos. 1-3: Pfandbrief volume outstanding and the corresponding cover pools
  • § 28 para. 2 No. 1a): Cover loans for Mortgage Pfandbriefe according to amount classes
  • § 28 para. 2 No. 1b): Cover loans for Mortgage Pfandbriefe according to States in which the real property collateral is located
  • § 28 para. 2 No. 1c): Cover loans for Mortgage Pfandbriefe according to property types financed
  • § 28 para. 2 No. 2: Total amount of payments in arrears for mortgage loans in cover
  • § 28 para. 3 No. 1: Cover loans for Public Pfandbriefe according to borrowers legal residence
  • § 28 para. 3 No. 2: Total amount of payments in arrears for claims used to cover Public Pfandbriefe
  • § 28 para. 4 No. 1: Cover loans for Ship Pfandbriefe according to amount classes and States in which the ships used as collateral are registered.

This is a list of the pages where the individual vdp members publish their data pursuant to § 28 of the Pfandbrief Act:

Aareal Bank
Bayerische Hypo- und Vereinsbank AG
Bayerische Landesbank
Berlin Hyp
COREALCREDIT BANK AG
DekaBank
Deutsche Hypothekenbank
Deutsche Schiffsbank
DEXIA Kommunalbank 
Deutsche Genossenschafts-Hypothekenbank AG
Düsseldorfer Hypothekenbank
Eurohypo
Hamburger Sparkasse
HSH Nordbank AG
Hypo Real Estate Bank AG
Hypo Real Estate Bank International
Hypothekenbank in Essen
Kreissparkasse Köln
Landesbank Baden-Württemberg
Landesbank Hessen-Thüringen
M.M. Warburg & CO Hypothekenbank AG
Münchener Hypothekenbank eG
Norddeutsche Landesbank
Sachsen LB
SEB AG
Sparkasse KölnBonn
Valovis Bank
Westdeutsche ImmobilienBank
WestLB AG
WL Bank AG
Wüstenrot Bank AG Pfandbriefbank



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