The Pfandbrief 2011 | 2012
The Pfandbrief 2011 | 2012
The Pfandbrief 2011 | 2012
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SEB AG<br />
Ulmenstrasse 30<br />
60325 Frankfurt am Main<br />
Telephone: +49 69 258-0<br />
Telefax: +49 69 258-6409<br />
Internet: www.SEB.de<br />
Shareholder:<br />
SEB AB, Stockholm (100 %)<br />
Public-sector cover pool<br />
Dec. 31, 2010<br />
€ million in %<br />
Dec. 31, 2009<br />
€ million<br />
Nominal volume 1)<br />
by ratings 2)<br />
AAA/Aaa/AAA<br />
AA/Aa/AA<br />
A/A/A<br />
BBB/Baa/BBB<br />
without rating<br />
by borrowers<br />
German Federal Government<br />
Federal states (Länder)<br />
Local authorities<br />
Public-sector financial institutions<br />
Others<br />
Other countries<br />
of which: EU<br />
non-EU<br />
by weighting<br />
0 %<br />
10 %<br />
20 %<br />
Further cover assets 3) nominal<br />
Over-collateralization nominal<br />
net present value<br />
risk adjusted net present value 4)<br />
6,242<br />
2,008<br />
3,385<br />
776<br />
0<br />
73<br />
0<br />
2,405<br />
4<br />
2,934<br />
173<br />
726<br />
605<br />
121<br />
2,960<br />
69<br />
3,213<br />
295<br />
687<br />
623<br />
594<br />
100<br />
32.17<br />
54.23<br />
12.43<br />
0.00<br />
1.17<br />
0.00<br />
38.53<br />
0.06<br />
47.00<br />
2.77<br />
11.63<br />
47.42<br />
1.11<br />
51.47<br />
9,149<br />
3,160<br />
4,809<br />
1,098<br />
0<br />
82<br />
0<br />
3,313<br />
100<br />
4,483<br />
159<br />
1,094<br />
978<br />
116<br />
4,723<br />
184<br />
4,242<br />
540<br />
485<br />
416<br />
301<br />
141<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<br />
4)<br />
according to § 28, par. 1, S. 1 PfandBG – the lowest risk-adjusted value of over-collateralization<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 number of cover loans<br />
residential<br />
commercial<br />
by average loan size (actual balance) 5)<br />
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 West<br />
Germany East<br />
Berlin<br />
Other countries<br />
Further cover assets 3) nominal<br />
Over-collateralization** nominal<br />
net present value<br />
risk adjusted net present value 4)<br />
3,806<br />
1,678<br />
2,128<br />
2,796<br />
2,136<br />
660<br />
35<br />
1,029<br />
2,742<br />
1,971<br />
416<br />
890<br />
529<br />
701<br />
951<br />
909<br />
993<br />
100<br />
44.09<br />
55.91<br />
76.39<br />
23.61<br />
0.92<br />
27.04<br />
72.04<br />
51.79<br />
10.93<br />
23.38<br />
13.90<br />
4,963<br />
3,652<br />
1,311<br />
29,387<br />
29,017<br />
370<br />
2,111<br />
1,063<br />
1,789<br />
3,433<br />
709<br />
821<br />
0<br />
100<br />
1,274<br />
1,429<br />
1,461<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 />
* Totals may deviate due to rounding<br />
** <strong>The</strong> difference between cover assets (incl. further cover assets and securing excess cover as well as the discount according to<br />
§ 4, para. 2 sent. 4 <strong>Pfandbrief</strong> Act) and Mortgage <strong>Pfandbrief</strong>.<br />
Remark regarding the mortgage cover pool: the percentage share refers to the nominal volume or the total number of cover assets.
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