The Pfandbrief 2011 | 2012

Dexia Kommunalbank Deutschland AG
Charlottenstrasse 82
10969 Berlin
Telephone: +49 30 25598-0
Telefax: +49 30 25598-200
Internet: www.dexia.de
Shareholder:
Dexia Crédit Local (100 %)
Public-sector cover pool
Dec. 31, 2010
€ million in %
Dec. 31, 2009
€ million
Nominal volume 1)
34,922.3
100
36,336
by ratings 2)
AAA/Aaa/AAA
10,431.3
29.87
7,030
AA/Aa/AA
20,598.9
58.98
22,963
A/A/A
1,970.5
5.64
4,450
BBB/Baa/BBB
1,623.8
4.65
1,698
without rating
297.8
0.85
101
by borrowers
German Federal Government
61.8
0.18
78
Federal states (Länder)
12,241.9
35.05
11,711
Local authorities
7,744.3
22.18
8,032
Public-sector financial institutions
3,769.9
10.80
4,572
Others
1,966.4
5.63
2,516
Other countries
9,138.1
26.17
9,426
of which: EU
8,031.7
87.89
8,344
non-EU
1,106.3
12.11
1,082
by weighting
0 %
n/a
0
10 %
n/a
0
20 %
n/a
0
Further cover assets 3)
nominal
2,873.1
Over-collateralization
nominal
net present value
3,458.1
5,542.3
9.90
1,765
3,265
111
risk adjusted net present value 4)
5,498.3
2,941
1)
without “further cover assets” pursuant to § 20, par. 2 PfandBG
2)
in case of split ratings, the inferior credit rating prevails
3)
pursuant to § 20, par. 2 PfandBG
4)
according to § 28, par. 1, S. 1 PfandBG – the lowest risk-adjusted value of over-collateralization