The Pfandbrief 2011 | 2012
The Pfandbrief 2011 | 2012
The Pfandbrief 2011 | 2012
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Deutsche Schiffsbank AG<br />
Domshof 17, 28195 Bremen<br />
Telephone: +49 421 3609-0, Telefax: +49 421 3609-326<br />
Domstrasse 18, 20095 Hamburg<br />
Telephone: +49 40 37699-0, Telefax: +49 40 37699-178<br />
Internet: www.schiffsbank.com<br />
Shareholders:<br />
Commerzbank AG (92 %)<br />
Bayerische Hypo- und Vereinsbank AG (8 %)<br />
(As at June <strong>2011</strong>)<br />
Public-sector cover pool<br />
Dec. 31, 2010<br />
€ million in %<br />
Dec. 31, 2009<br />
€ million<br />
Nominal volume 1)<br />
1,614.80<br />
100<br />
1,631.4<br />
by ratings 2)<br />
AAA/Aaa/AAA<br />
1,367.3<br />
84.7<br />
220<br />
AA/Aa/AA<br />
65.0<br />
4.0<br />
246<br />
A/A/A<br />
125.0<br />
7.7<br />
778<br />
BBB/Baa/BBB<br />
30.0<br />
1.9<br />
387<br />
BB+<br />
27.5<br />
1.7<br />
without rating<br />
0.0<br />
0.0<br />
0<br />
by borrowers<br />
German Federal Government<br />
0<br />
0<br />
0,0<br />
Federal states (Länder)<br />
722.6<br />
44.7<br />
702.6<br />
Local authorities<br />
0<br />
0.0<br />
0.0<br />
Public-sector financial institutions<br />
574.7<br />
35.6<br />
603<br />
Others<br />
0<br />
0.0<br />
30<br />
Other countries<br />
317.5<br />
19.7<br />
295.4<br />
of which: EU<br />
307.5<br />
19.0<br />
285.4<br />
non-EU<br />
10<br />
0.6<br />
10.0<br />
by weighting<br />
0 %<br />
1,030.1<br />
63.8<br />
988<br />
10 %<br />
0<br />
0.0<br />
0<br />
20 %<br />
584.7<br />
36.2<br />
643<br />
Further cover assets 3)<br />
Over-collateralization<br />
nominal<br />
nominal<br />
0<br />
200.5<br />
0.0<br />
185.3<br />
109<br />
net present value<br />
188.7<br />
176.1<br />
risk adjusted net present value 4)<br />
127.0<br />
113.2<br />
1)<br />
without “further cover assets” pursuant to § 20, par. 2 PfandBG<br />
2)<br />
in case of split ratings, the inferior credit rating prevails<br />
3)<br />
pursuant to § 20, par. 2 PfandBG / excess cover<br />
4)<br />
according to § 28, par. 1, S. 1 PfandBG – the lowest risk-adjusted value of over-collateralization<br />
Ship cover pool<br />
Dec. 31, 2010<br />
€ million in %<br />
Dec. 31, 2009<br />
€ million<br />
5,409.8<br />
Nominal volume 1)<br />
risk adjusted net present value 1,053.0<br />
by average loan size (actual balance) 4)<br />
up to € 0.5 million<br />
from more than € 0.5 million up to € 5.0 million<br />
over € 5.0 million<br />
11.0<br />
1,069.9<br />
4,646.7<br />
Countries of registry Germany<br />
Greece<br />
Liberia<br />
Hong Kong<br />
Panama<br />
Bahamas<br />
Cyprus<br />
Marshall Islands<br />
Malta<br />
Others<br />
2,298.5<br />
474.9<br />
315.6<br />
202.2<br />
210.0<br />
248.2<br />
260.7<br />
519.0<br />
273.0<br />
579.8<br />
Further cover assets 2) nominal<br />
215.0<br />
Over-collateralization nominal<br />
net present value<br />
1,167.7<br />
1,254.1<br />
1)<br />
without „further cover assets“<br />
2)<br />
pursuant to § 26 PfandBG<br />
100.0<br />
0.2<br />
18.7<br />
81.1<br />
42.7<br />
8.8<br />
5.9<br />
3.8<br />
3.9<br />
4.6<br />
4.8<br />
9.6<br />
5.1<br />
10.8<br />
5,258.6<br />
14.2<br />
1,004.7<br />
4,504.6<br />
2,299.7<br />
441.8<br />
346.7<br />
210.3<br />
184.4<br />
274.9<br />
220.7<br />
547.9<br />
261.5<br />
470.7<br />
152.9<br />
825.7<br />
940.5<br />
742.8
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