position
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"It is crucial that covered funding does not become arbitrary."
Dr. Louis Hagen, President,
Association of German Pfandbrief banks
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position
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"At the center of debate is the definition of eligible assets to be funded by step 2 covered bonds."
Jens Tolckmitt, Chief Executive,
Association of German Pfandbrief banks
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analyse

CBPP3: entering the exit

It has been four years since the ECB launched its asset purchases with the CBPP3. Now net purchases are gradually coming to an end: From January 2019 onwards only the redemptions should be reinvested. Will the central bank’s buying strategy in the covered bond market change against this backdrop?

An article of Ted Packmohr, Head of Financials & Covered Bond Research Commerzbank

 

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vdp-property-price-index

+7,3 %

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popular downloads
News 27/11/2018

“The stamp of the Pfandbrief Act is discernible”

The Chief Executive of the VDP on the harmonization of the European Covered Bond – A critical view is taken of some details of the new EU ... More

Press release 12/11/2018

vdp index: Rise in prices in the German property market decelerates slightly

vdp property price index climbs 7.3% in the third quarter of 2018

More
Press release 22/10/2018

vdp launches digital information platform “www.pfandbrief.market”

With “pfandbrief.market”, the German Pfandbrief banks have launched as of right now a digital information platform for anyone with a... More

Press release 12/11/2018

vdp index: Rise in prices in the German property market decelerates slightly

vdp property price index climbs 7.3% in the third quarter of 2018

More
Press release 22/10/2018

vdp launches digital information platform “www.pfandbrief.market”

With “pfandbrief.market”, the German Pfandbrief banks have launched as of right now a digital information platform for anyone with a... More

Press release 10/08/2018

vdp-Index: Real estate prices rise further: growth momentum flattens slightly

vdp property price index up by 8.3 percent in the second quarter of 2018;
Jens Tolckmitt: “Although prices rose again considerably y... More

All press releases
News 27/11/2018

“The stamp of the Pfandbrief Act is discernible”

The Chief Executive of the VDP on the harmonization of the European Covered Bond – A critical view is taken of some details of the new EU ... More

News 26/09/2018

Pfandbrief.market: CBPP3 - entering the exit

Will the central bank's buying strategy in the covered bond market change? An article of Ted Packmohr, Head of Financials & Covered Bond... More

News 25/08/2018

Regulatory environment is taking shape

Dr. Louis Hagen, President of the Association of German Pfandbrief Banks (vdp) and Chairman of the Board of Management at Münchener Hypothe... More

All vdp-News
10/04/19
vdp-Event

Press Conference

Frankfurt am Main
Events overview
Pfandbrief in Zahlen
Popular topics

Security

Excellent credit quality is one of the key reasons why national and international investors choose to invest in Pfandbriefe.

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Spread data

The vdp provides an overview of the secondary market level for Jumbos and issues with a volume of at least EUR 500 million, which

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Transparency reports

Section 28 of the German Pfandbrief Act requires Pfandbrief banks to provide detailed information about their cover pools

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Long-term sustainable value

For several years, there has been intense discussion about how to identify a sustainable property value for financing purpose

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