springer.com Ralf Werner, Manuela Spangler German Covered Bonds Overview and Risk Analysis of Pfandbriefe Series: SpringerBriefs in Finance Comprehensive analysis of Pfandbrief-related risks and the legal framework of Pfandbriefe Extensive list of more than 200 Pfandbrief-related references providing an ideal starting point for further research First monograph (outside lobby and interest groups) on the German Pfandbrief, representing the only monograph with unbiased information on this product 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 2014, IX, 82 p. 30 illus. 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 Printed book creditworthiness of the corresponding issuer and sovereign, the strength of the legal (or Softcover contractual) framework and the quality of the cover pool serving as collateral. This monograph 54,99 € | £49.99 | $69.99 provides a structured in-depth analysis of the legal framework and the risks inherent in a [1]58,84 € (D) | 60,49 € (A) | CHF Pfandbrief, taking into consideration recent market developments. Starting from the legal 65,00 framework, the German Pfandbrief is introduced without requiring prior knowledge. Covered eBook bond related risks are explained in detail and their relevance to the Pfandbrief is thoroughly 46,00 € | £39.99 | $54.99 discussed with focus on the two most common Pfandbrief types, mortgage and public [2] 46,00 € (D) | 46,00 € (A) | CHF Pfandbriefe. In addition to that, the monograph comes with an extensive collection of 52,00 Pfandbrief-related literature and a glossary explaining the main technical terms. Available from your library or springer.com/shop MyCopy [3] Printed eBook for just € | $ 24.99 springer.com/mycopy Error[en_EN | Export.Bookseller. MediumType | SE] Order online at springer.com / or for the Americas call (toll free) 1-800-SPRINGER / or email us at: [email protected]. / For outside the Americas call +49 (0) 6221-345-4301 / or email us at: [email protected]. The first € price and the £ and $ price are net prices, subject to local VAT. Prices indicated with [1] include VAT for books; the €(D) includes 7% for Germany, the €(A) includes 10% for Austria. Prices indicated with [2] include VAT for electronic products; 19% for Germany, 20% for Austria. All prices exclusive of carriage charges. Prices and other details are subject to change without notice. All errors and omissions excepted. [3] No discount for MyCopy. Part of .