Information pursuant to § 28 Pfandbrief Act

Berlin Hyp issues mortgage Pfandbriefs on the basis of Section 1 Paragraph 1 Sentence 1 PfandBG.

We grant mortgage loans for the cover funds based on Sections 13 - 17 PfandBG.

The geographical focus of our new mortgage lending is in Germany, especially in the urban areas of the old federal states. We achieve an international diversification of our cover assets through our business in selected European countries. For this purpose, Berlin Hyp maintains international offices in Amsterdam, Paris and Warsaw.

Substitute cover

Further cover assets – also referred to as substitute cover assets – for mortgage Pfandbriefs are essentially defined in the PfandBG in Section 19 Paragraph 1 nos. 1 and 2. These are primarily claims against suitable credit institutions, the public sector and central banks. Further statutory provisions relating to non-underlying cover assets are as follows.

• Section 4 Paragraph 1 PfandBG, in which the composition of the statutory excess cover is determined;
• Section 4 Paragraph 1a, which defines liquid cover assets intended to safeguard the liquidity of the cover pool within the next 180 days.

In order to make sure that Pfandbriefs are mainly backed by underlying cover assets, the legislator has limited the proportion of other cover assets. Other cover assets are an important management tool for Pfandbrief banks in the context of liquidity management.

Pursuant to Section 28 PfandBG, Berlin Hyp publishes the composition of its Pfandbrief cover pools on a quarterly basis. The current and past transparency reports can be found below.

If you are also interested in the transparency reports of other Pfandbrief banks, you can find the cover fund assets of all vdp member institutions on the website of the Association of German Pfandbrief Banks (vdp).

Click here to be forwarded to the vdp’s website

Please find Berlin Hyp’s Harmonized Transparency Templates below. For further information please visit the website of the European Covered Bond Council (ECBC) as well as our profile on the Covered Bond Label website.