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Germany

NATIONAL ASSOCIATION

Jens Tolckmitt
The Association of German Pfandbrief Banks - vdp
tolckmitt@pfandbrief.de
http://www.pfandbrief.de/cms/_internet.nsf/tindex/en.htm

Sascha Asfandiar
asfandiar@pfandbrief.de


NATIONAL LEGISLATION

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NATIONAL TRANSPARENCY TEMPLATE

BOND LIST

  ISIN Pool
Identifier
Initial Date
of Issuance
Maturity Date Face value1 Coupon Syn. Listed Tapped Mat.2 EEA3 LCR4
N/A HVB Mortgage EUR 7,162,714 Fixed No No No HB Yes N/A
N/A HVB Mortgage EUR 3,707,542,033 Fixed No No No HB Yes N/A
aggregierte Hyp... MHB Mortgage Pfandbrief 15/05/2003 03/04/2070 EUR 9,728,686,670 Other No No No HB Yes No
N/A MHB Mortgage Pfandbrief EUR * 92,575,449 No Yes No HB Yes N/A
'DE000LB2V502 LBBW Mortgage Pfandbrief 05/05/2021 02/01/2029 EUR 53,347 Other No Yes No HB Yes N/A
'DE000LB2V6L6 LBBW Mortgage Pfandbrief 09/06/2021 02/01/2030 EUR 153,345 Other No Yes No HB Yes N/A
'DE000LB2V6M4 LBBW Mortgage Pfandbrief 09/06/2021 02/01/2032 EUR 16,454 Other No Yes No HB Yes N/A
CH0026714276 pbb Public Sector Pfandbrief 15/08/2006 19/09/2023 EUR * 92,575,449 Fixed No Yes No HB Yes N/A
CH0386949314 MHB Mortgage Pfandbrief 22/11/2017 22/11/2032 EUR * 92,575,449 Fixed No No No HB Yes N/A
CH0417086086 MHB Mortgage Pfandbrief 14/06/2018 14/06/2028 EUR * 138,863,174 Fixed No Yes No HB Yes N/A
CH0457206842 MHB Mortgage Pfandbrief 19/02/2019 19/02/2024 EUR * 148,120,719 Fixed No Yes Yes HB Yes N/A
CH0460872341 MHB Mortgage Pfandbrief 26/02/2019 26/02/2029 EUR * 101,832,994 Fixed No Yes No HB Yes N/A
CH0463112059 MHB Mortgage Pfandbrief 15/03/2019 15/03/2034 EUR * 92,575,449 Fixed No Yes No HB Yes N/A
CH0471297991 MHB Mortgage Pfandbrief 10/05/2019 10/05/2030 EUR * 162,007,036 Fixed No Yes No HB Yes N/A
CH0481013768 MHB Mortgage Pfandbrief 18/06/2019 18/06/2031 EUR * 92,575,449 Fixed No Yes No HB Yes N/A
DE0001468361 pbb Public Sector Pfandbrief 30/05/2003 25/07/2028 EUR 45,000,000 Floating No Yes No HB Yes N/A
DE0002050572 LBBW Mortgage Pfandbrief 24/04/1997 01/01/2019 EUR 4,090 Fixed No No No HB Yes N/A
DE0002050598 LBBW Mortgage Pfandbrief 04/06/1997 01/01/2019 EUR 5,164 Fixed No No No HB Yes N/A
DE0002050622 LBBW Mortgage Pfandbrief 31/03/1998 01/01/2019 EUR 6,442 Fixed No No No HB Yes N/A
DE0002050630 LBBW Mortgage Pfandbrief 02/06/1998 01/01/2019 EUR 4,703 Fixed No No No HB Yes N/A
DE0002050648 LBBW Mortgage Pfandbrief 09/09/1998 01/01/2019 EUR 2,556 Fixed No No No HB Yes N/A
DE0002050655 LBBW Mortgage Pfandbrief 01/05/1964 01/01/2019 EUR 3,681 Fixed No No No HB Yes N/A
DE0002050663 LBBW Mortgage Pfandbrief 01/06/1964 01/01/2019 EUR 1,329 Fixed No No No HB Yes N/A
DE0002050671 LBBW Mortgage Pfandbrief 01/06/1964 01/01/2019 EUR 7,209 Fixed No No No HB Yes N/A
DE0002050705 LBBW Mortgage Pfandbrief 01/06/1965 01/01/2019 EUR 4,294 Fixed No No No HB Yes N/A
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(1) Please note that the face value of this bond has been converted into EUR values on the 15th of January of the current year (where the exchange rate protocol takes the ECB bilateral exchange rate on the last business day of the previous year) in order to facilitate the comparison across issuances and to increase the overall transparency of the website. Nevertheless, you will be able to check the original currency by directly clicking on the covered bond.

(2) Mat. - Maturity profile

HB - Hard bullet
Hard bullet covered bonds are repaid on the scheduled maturity date. Neither the documentation nor the legal framework contain provisions for a maturity extension. Failure to repay the final redemption amount of a hard bullet covered bond on the scheduled maturity date could trigger the default of the relevant covered bonds and, possibly, the liquidation of the cover pool depending on the respective national insolvency rules.

SB - Soft bullet
Soft bullet covered bonds have a scheduled maturity date and an extended maturity date. If objective, predefined and transparent criteria have been met , the maturity of a soft bullet covered bond can, and in some cases will automatically, be prolonged up to the extended maturity date. During the extension period, the covered bond may be redeemed using cover pool proceeds. Failure to repay a covered bond on the extended maturity date triggers the default of the relevant extended covered bonds (unless multiple extensions are allowed).

CPT - Conditional pass-through
Conditional pass-through (CPT) covered bonds have a scheduled maturity date and an extension mechanism. By itself, the failure to repay the CPT covered bond on the scheduled maturity date does not lead to an acceleration of this covered bond but to an extension of the maturity date of this and potentially other relevant covered bonds. The extension requires that objective, predefined and transparent criteria are met. In such circumstances the maturity of a CPT covered bond can be prolonged to the extended maturity date, which is typically linked to the maximum legal maturity of the underlying assets. During the extension period, cash-flows received or generated from the cover assets will be distributed to the covered bonds investors. Regular attempts are in general made to sell the cover pool assets to redeem the covered bonds . Such sales are subject to predefined criteria intended to protect the interests of all investors under the same programme. In certain jurisdictions and programmes, CPT covered bonds may feature an initial soft bullet extension

(3) European Economic Area (EEA) or non-EEA. While all the non-EEA labelled programmes’ quality standards will be fully aligned to the Covered Bond Label Convention, to Article 129 of the Capital Requirements Regulation (CRR) and to the definitions in the Liquidity Coverage Requirements (LCR) with the exception of being based in the EEA, i.e. they will present similar legislative safeguards from a qualitative and supervisory point of view to those in Europe, these bonds will present different characteristics, for example in terms of risk weights. Therefore, non-EEA Labels will be identified on the Label website by using a different graphic solution.

(4) The issuer believes that, at the time of its issuance and based on transparency data made publicly available by the issuer, this bond would satisfy the eligibility criteria for its classification as a Level 1 or Level 2 asset in accordance with Chapter 2 of the LCR delegated act. It should be noted that whether or not a bond is a liquid asset for the purposes of the Liquidity Coverage Ratio under Regulation (EU) 575/2013 is ultimately a matter to be determined by a relevant investor institution and its relevant supervisory authority and the issuer does not accept any responsibility in this regard.

Sustainable covered bond. A Covered Bond Labelled sustainable covered bond is a covered bond that is fully compliant with the Covered Bond Label Convention, and also includes a formal commitment by the issuer to use an amount equivalent to the proceeds of that same covered bond to (re)finance loans in clearly defined environmental (green), social or a combination of environmental and social (sustainable) criteria. Covered Bond Labelled sustainable covered bond programs are based on their issuer’s sustainable bond framework which has been verified by an independent external assessment. The issuer strives, on a best efforts basis, to replace eligible assets that have matured or are redeemed before the maturity of the bond by other eligible assets.
[Against this background, please note that the EMF-ECBC is currently working on market initiatives which will ultimately define European criteria for energy efficiency covered bonds and sustainability standards]

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