000			03304nam a22005415i 4500
001			978-3-319-02553-7
003			DE-He213
005			20200420211750.0
007			cr nn 008mamaa
008			131218s2014 gw | s |||| 0|eng d
020			_a9783319025537 _9978-3-319-02553-7
024	7		_a10.1007/978-3-319-02553-7 _2doi
050		4	_aHG1-HG9999
072		7	_aKFF _2bicssc
072		7	_aBUS027000 _2bisacsh
082	0	4	_a332 _223
100	1		_aWerner, Ralf. _eauthor.
245	1	0	_aGerman Covered Bonds _h[electronic resource] : _bOverview and Risk Analysis of Pfandbriefe / _cby Ralf Werner, Manuela Spangler.
264		1	_aCham : _bSpringer International Publishing : _bImprint: Springer, _c2014.
300			_aIX, 82 p. 30 illus. _bonline resource.
336			_atext _btxt _2rdacontent
337			_acomputer _bc _2rdamedia
338			_aonline resource _bcr _2rdacarrier
347			_atext file _bPDF _2rda
490	1		_aSpringerBriefs in Finance, _x2193-1720
505	0		_aIntroduction -- Legal Framework -- The Pfandbrief Market -- Risk Analysis -- Resume. .
520			_aThe 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.
650		0	_aFinance.
650		0	_aInsurance.
650		0	_aEconomics, Mathematical.
650		0	_aActuarial science.
650		0	_aMacroeconomics.
650	1	4	_aFinance.
650	2	4	_aFinance, general.
650	2	4	_aMacroeconomics/Monetary Economics//Financial Economics.
650	2	4	_aQuantitative Finance.
650	2	4	_aInsurance.
650	2	4	_aActuarial Sciences.
700	1		_aSpangler, Manuela. _eauthor.
710	2		_aSpringerLink (Online service)
773	0		_tSpringer eBooks
776	0	8	_iPrinted edition: _z9783319025520
830		0	_aSpringerBriefs in Finance, _x2193-1720
856	4	0	_uhttp://dx.doi.org/10.1007/978-3-319-02553-7
912			_aZDB-2-SBE
942			_cEBK
999			_c51185 _d51185