Cover asset pools
Collateral pool ensures stable cover asset pools
DG HYP manages separate cover asset pools as collateral pools for mortgage bonds and public-sector covered bonds. These include loans to public-sector entities, loans and advances accorded a similar status in accordance with section 20 of the German Mortgage Bank Act, as well as first lien property loans and cover assets in accordance with section 19 of the German Mortgage Bank Act.
The legal rules apply to both cover asset pools, whereby the total amount of the nominal value of the Pfandbriefe in circulation must at all times be covered by assets of at least the same value, and with at least the same interest returns. Our duty is to ensure cover at all times of the Pfandbriefe at the net present value.
The ordinary cover up to the amount of 10% of the Pfandbriefe in circulation can be replaced by legally stipulated, particularly secure assets (substitute collateral).
Contact
Patrick Ernst
Head of Treasury
Our team will be happy to deal with any queries you may have:
Phone: +49 (0)40/33 34-26 00
E-Mail: treasury(at)dghyp.de