The Pfandbrief 2011 | 2012
The Pfandbrief 2011 | 2012
The Pfandbrief 2011 | 2012
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HSH Nordbank AG<br />
Gerhart-Hauptmann-Platz 50<br />
20095 Hamburg<br />
Telephone: +49 40 3333-0<br />
Telefax: +49 40 3333-34001<br />
Internet: www.hsh-nordbank.de<br />
Shareholders:<br />
Hansestadt Hamburg (12.4%)<br />
Land Schleswig-Holstein (11.0%)<br />
HSH Finanzfonds AöR (59.9%)<br />
Sparkassenverband Schleswig-Holstein (6.1%)<br />
Nine trusts represented by J.C. Flowers & Co.LLC (10.7%)<br />
Public-sector cover pool<br />
Dec. 31, 2010<br />
€ million in %<br />
Dec. 31, 2009<br />
€ million<br />
8,742.2<br />
Nominal volume<br />
risk adjusted net present value 2) 962.6<br />
by ratings<br />
AAA/Aaa/AAA<br />
AA/Aa/AA<br />
A/A/A<br />
BBB/Baa/BBB<br />
without rating<br />
6,605.24<br />
1,358.25<br />
563.39<br />
110.05<br />
105.27<br />
by regional distribution Germany<br />
Other countries<br />
6,654.9<br />
2,087.3<br />
by weighting Solva 0<br />
Solva 10<br />
Solva 20<br />
6,018.2<br />
259<br />
2,465<br />
Further cover assets 1) nominal<br />
356.6<br />
Over-collateralization nominal<br />
net present value<br />
1,336.1<br />
1,157.6<br />
1)<br />
pursuant to § 20, par. 2 PfandBG<br />
2)<br />
according to § 28, par. 1, S. 1 PfandBG – the lowest risk-adjusted value of over-collateralization<br />
100<br />
76<br />
16<br />
6<br />
1<br />
1<br />
76<br />
24<br />
69<br />
3<br />
28<br />
5<br />
18<br />
14<br />
13<br />
10,505<br />
7,950<br />
1,564<br />
723<br />
267<br />
0<br />
8,150<br />
2,355<br />
6,750<br />
1,304<br />
2,451<br />
146<br />
1,726<br />
1,586<br />
1,329<br />
Mortgage cover pool<br />
Dec. 31, 2010<br />
€ million in %<br />
Dec. 31, 2009<br />
€ million<br />
Nominal volume 1)<br />
by property types<br />
residential<br />
commercial<br />
by average loan size (actual balance) 5) up to € 0.3 million<br />
from more than € 0.3 million up to € 5.0 million<br />
over € 5.0 million<br />
by regional distribution<br />
Germany<br />
Other countries<br />
of which: France<br />
Austria<br />
Benelux countries<br />
Scandinavia<br />
Further cover assets 3) nominal<br />
Over-collateralization nominal<br />
net present value<br />
risk adjusted net present value 4)<br />
5,533.8<br />
1,472.2<br />
4,061.6<br />
32.6<br />
1368<br />
4,133.2<br />
3,302.6<br />
2,231.2<br />
780.6<br />
11.8<br />
781.2<br />
328.6<br />
572.8<br />
1,163.9<br />
1,327.5<br />
1,228.4<br />
100<br />
27<br />
73<br />
1<br />
25<br />
75<br />
60<br />
40<br />
35<br />
1<br />
35<br />
15<br />
12<br />
24<br />
26<br />
24<br />
4,571<br />
1,263<br />
3,308<br />
43<br />
1,092<br />
3,436<br />
1,710<br />
654<br />
12<br />
752<br />
246<br />
46<br />
175<br />
512<br />
660<br />
584<br />
121<br />
1)<br />
without “further cover assets” pursuant to § 19, par. 1 PfandBG<br />
3)<br />
pursuant to § 19, par. 1 PfandBG<br />
4)<br />
according to § 28, par. 1, S. 1 PfandBG – the lowest risk-adjusted value of over-collateralization<br />
5)<br />
pursuant to § 28 par. 2 no. 1 a) PfandBG – total amount per tranche<br />
Ship cover pool<br />
Dec. 31, 2010<br />
€ million in %<br />
Dec. 31, 2009<br />
€ million<br />
Nominal volume 1)<br />
Countries of registry<br />
Further cover assets 2)<br />
Over-collateralization<br />
2,885.5<br />
Germany<br />
2,100.6<br />
Panama<br />
152.9<br />
Liberia<br />
231.9<br />
Cyprus<br />
146.8<br />
Marshall-Islands<br />
30.3<br />
Norway<br />
50<br />
Malta<br />
90<br />
Hong Kong<br />
25.2<br />
Netherlands<br />
0<br />
Italy<br />
0<br />
Others<br />
57.8<br />
nominal<br />
413<br />
nominal<br />
738.5<br />
net present value<br />
857.8<br />
risk adjusted net present value 3) 381.6<br />
100<br />
73<br />
5<br />
8<br />
5<br />
1<br />
2<br />
3<br />
1<br />
0<br />
0<br />
2<br />
16<br />
29<br />
34<br />
15<br />
4,398<br />
2,524<br />
175<br />
154<br />
136<br />
124<br />
40<br />
34<br />
34<br />
30<br />
7<br />
9<br />
1,131<br />
1,818<br />
1,740<br />
1,083<br />
1)<br />
without „further cover assets“ pursuant to § 21 PfandBG 2) pursuant to § 26 PfandBG<br />
3)<br />
according to § 28, par. 1, S. 1 PfandBG – the lowest risk-adjusted value of over-collateralization
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