Overview and Risk Analysis of Pfandbriefe
by
Ralf Werner, Manuela Spangler
Language: English
Release Date: December 18, 2013
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...