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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 Kullig
kullig@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
DE000HV2AJ94 HVB Mortgage 04/10/2013 30/09/2020 EUR 7,000,000 No Yes No HB Yes N/A
DE000HV2AGL5 HVB Mortgage 12/09/2012 12/09/2022 EUR 500,000,000 Fixed Yes Yes No HB Yes 1
N/A HVB Mortgage EUR 7,317,379 Fixed No No No HB Yes N/A
N/A HVB Mortgage EUR 4,560,083,653 Fixed No No No HB Yes N/A
DE000HV2AH47 HVB Mortgage 22/04/2013 22/04/2020 EUR 500,000,000 Fixed Yes Yes No HB Yes 1
DE000HV2J897 HVB Mortgage 14/10/2009 14/10/2019 EUR 10,000,000 Fixed No Yes No HB Yes N/A
DE000HV2AFU8 HVB Mortgage 28/03/2012 28/03/2022 EUR 15,000,000 Fixed No Yes No HB Yes N/A
DE000HV2AEW7 HVB Mortgage 08/11/2011 08/11/2021 EUR 5,000,000 Fixed No Yes No HB Yes N/A
DE000HV2AHS8 HVB Mortgage 06/02/2013 06/02/2020 EUR 3,000,000 Fixed No Yes No HB Yes N/A
DE000HV0ECZ0 HVB Mortgage 02/12/2013 02/12/2022 EUR 13,500,000 Fixed No Yes No HB Yes N/A
DE000HV0EC08 HVB Mortgage 02/12/2013 04/12/2023 EUR 65,000,000 Fixed No Yes No HB Yes N/A
DE000HV2AKP8 HVB Mortgage 31/01/2014 31/01/2039 EUR 17,500,000 Fixed No Yes No HB Yes N/A
DE000HV2AKQ6 HVB Mortgage 05/02/2014 05/08/2022 EUR 6,000,000 Fixed No Yes No HB Yes N/A
DE000HV2AK00 HVB Mortgage 09/04/2014 09/04/2024 EUR 500,000,000 Fixed Yes Yes No HB Yes 1
P0003007 HVB Mortgage 22/11/2011 22/11/2021 EUR 50,000,000 Fixed No No No HB Yes N/A
DE000HV2AK18 HVB Mortgage 20/08/2014 21/08/2023 EUR 60,000,000 Fixed No Yes Yes HB Yes N/A
DE000HV2AKZ7 HVB Mortgage 25/07/2014 26/07/2021 EUR 15,500,000 Fixed No Yes Yes HB Yes N/A
DE000HV2AK67 HVB Mortgage 10/11/2014 25/04/2024 EUR 25,000,000 Fixed No Yes No HB Yes N/A
DE000HV2AK75 HVB Mortgage 20/11/2014 20/11/2020 EUR 6,000,000 Fixed No Yes Yes HB Yes N/A
DE000HV2ALA8 HVB Mortgage 03/12/2014 05/12/2022 EUR 9,300,000 Fixed No Yes Yes HB Yes N/A
DE000HV2ALB6 HVB Mortgage 04/12/2014 04/12/2023 EUR 9,800,000 Fixed No Yes Yes HB Yes N/A
DE000HV2ALE0 HVB Mortgage 03/02/2015 03/02/2020 EUR 50,000,000 Fixed No Yes No HB Yes N/A
DE000HV2ALF7 HVB Mortgage 03/02/2015 03/02/2021 EUR 56,000,000 Fixed No Yes Yes HB Yes N/A
DE000HV2ALG5 HVB Mortgage 12/02/2015 12/02/2025 EUR 500,000,000 Fixed No Yes Yes HB Yes 1
DE000HV2ALH3 HVB Mortgage 18/02/2015 30/06/2022 EUR 20,000,000 Fixed No Yes No HB Yes N/A
1 - 25 of 1098 First | < Previous | Next > | Last

(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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