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Pfandbrief types |
Pfandbriefe are covered bonds which are issued on the basis of the Pfandbrief Act.
- They are used to refinance loans for which collateral is furnished in the form of loans secured by real estate liens (Mortgage Pfandbriefe), public-sector loans (Public Pfandbriefe), ship mortgages (Ship Pfandbriefe) or aircraft mortgages (Aircraft Pfandbriefe).
- Thus, the distinction made between these Pfandbrief types refers to the cover pool created for each type of Pfandbrief.
