German Covered Bonds: Overview and Risk Analysis of Pfandbriefe
Gespeichert in:
Hauptverfasser: | , |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Cham [u.a.]
Springer
2014
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Schriftenreihe: | SpringerBriefs in Finance
|
Online-Zugang: | BFB01 BTU01 FHA01 FHI01 FHM01 FHN01 FHR01 FKE01 FNU01 FRO01 FWS01 FWS02 HWR01 UBG01 UBM01 UBT01 UBY01 UPA01 Volltext Inhaltsverzeichnis Abstract |
Beschreibung: | 1 Online-Ressource (IX, 82 S.) graph. Darst. |
ISBN: | 331902552X 9783319025537 |
DOI: | 10.1007/978-3-319-02553-7 |
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Datensatz im Suchindex
DE-BY-FWS_katkey | 500968 |
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adam_text | GERMAN COVERED BONDS
/ WERNER, RALF
: 2014
TABLE OF CONTENTS / INHALTSVERZEICHNIS
INTRODUCTION
LEGALFRAMEWORK
THEPFANDBRIEF MARKET
RISK ANALYSIS
RESUME.
DIESES SCHRIFTSTUECK WURDE MASCHINELL ERZEUGT.
GERMAN COVERED BONDS
/ WERNER, RALF
: 2014
ABSTRACT / INHALTSTEXT
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
DIESES SCHRIFTSTUECK WURDE MASCHINELL ERZEUGT.
|
any_adam_object | 1 |
author | Spangler, Manuela Werner, Ralf |
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author_variant | m s ms r w rw |
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dewey-ones | 330 - Economics |
dewey-raw | 330 |
dewey-search | 330 |
dewey-sort | 3330 |
dewey-tens | 330 - Economics |
discipline | Wirtschaftswissenschaften |
doi_str_mv | 10.1007/978-3-319-02553-7 |
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series2 | SpringerBriefs in Finance |
spellingShingle | Spangler, Manuela Werner, Ralf German Covered Bonds Overview and Risk Analysis of Pfandbriefe |
title | German Covered Bonds Overview and Risk Analysis of Pfandbriefe |
title_auth | German Covered Bonds Overview and Risk Analysis of Pfandbriefe |
title_exact_search | German Covered Bonds Overview and Risk Analysis of Pfandbriefe |
title_full | German Covered Bonds Overview and Risk Analysis of Pfandbriefe Manuela Spangler ; Ralf Werner |
title_fullStr | German Covered Bonds Overview and Risk Analysis of Pfandbriefe Manuela Spangler ; Ralf Werner |
title_full_unstemmed | German Covered Bonds Overview and Risk Analysis of Pfandbriefe Manuela Spangler ; Ralf Werner |
title_short | German Covered Bonds |
title_sort | german covered bonds overview and risk analysis of pfandbriefe |
title_sub | Overview and Risk Analysis of Pfandbriefe |
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