Mar 10, 2010 08:35
14 yrs ago
18 viewers *
German term
Pfandbrief
German to English
Bus/Financial
Investment / Securities
Pfandbriefe sind durch Grund und Boden besichert.
Öffentliche Pfandbriefe (früherer Name: Kommunalobligationen) sind mit Forderungen gegen die
öffentliche Hand besichert.
Schiffspfandbriefe sind durch Hypotheken auf Schiffe besichert und stellen eine Sonderform des
Pfandbriefs dar.
Hypothekenanleihen sind ebenfalls durch Grund und Boden besichert, unterliegen aber nicht den
strengen Anforderungen des Pfandbriefgesetzes.
Öffentliche Pfandbriefe (früherer Name: Kommunalobligationen) sind mit Forderungen gegen die
öffentliche Hand besichert.
Schiffspfandbriefe sind durch Hypotheken auf Schiffe besichert und stellen eine Sonderform des
Pfandbriefs dar.
Hypothekenanleihen sind ebenfalls durch Grund und Boden besichert, unterliegen aber nicht den
strengen Anforderungen des Pfandbriefgesetzes.
Proposed translations
(English)
| 3 +2 | public-sector debentures / mortgage bonds |
Birgit Gläser
|
Change log
Mar 10, 2010 09:33: Astrid Elke Witte changed "Term asked" from "Pfandbrief/Hypothekenanleihe" to "Pfandbrief"
Mar 10, 2010 09:56: Steffen Walter changed "Field (specific)" from "Finance (general)" to "Investment / Securities"
Proposed translations
+2
18 mins
German term (edited):
Pfandbrief/Hypothekenanleihe
Selected
public-sector debentures / mortgage bonds
comes up in Zahn as:public-sector debentures []debentures issued by private mortgage banks and public sector credit institutions against their lendings to the public sector, --> Kommunaldarlehen
Pfandbrief by itself comes up as: mortgage bond (debenture) Pfandbriefe are issued by private and public sector mortgage banks as well as ship mortgage institutions to fund housing and shipbuilding loans. According to the German Mortgage Bank Act these fixed-rate instruments must be fully collateralised by first mortgage loans. -> Considering the öffentliche, I'd stick with the first solution.
And apparently Hypothekenanleihe is also a mortgage bond as offered e.g. by WGF.
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Note added at 1 hr (2010-03-10 09:46:37 GMT)
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Please note: the question was changed after my answer, so please disregard teh public sector debentures, they do not apply to the questions anymore.
Pfandbrief by itself comes up as: mortgage bond (debenture) Pfandbriefe are issued by private and public sector mortgage banks as well as ship mortgage institutions to fund housing and shipbuilding loans. According to the German Mortgage Bank Act these fixed-rate instruments must be fully collateralised by first mortgage loans. -> Considering the öffentliche, I'd stick with the first solution.
And apparently Hypothekenanleihe is also a mortgage bond as offered e.g. by WGF.
--------------------------------------------------
Note added at 1 hr (2010-03-10 09:46:37 GMT)
--------------------------------------------------
Please note: the question was changed after my answer, so please disregard teh public sector debentures, they do not apply to the questions anymore.
Example sentence:
The WGF AG mortgage bond is premium reserve compatible
Reference:
Peer comment(s):
| agree |
Monika Elisabeth Sieger
: with mortgage bonds!
44 mins
|
|
aaargh - the question was changed after my answer - orginally two terms were asked (see top line) - for Pfandbriefe without further qualifications, definitely mortgage bonds.
|
|
| agree |
Rolf Keiser
3 hrs
|
4 KudoZ points awarded for this answer.
Comment: "Selected automatically based on peer agreement."
Discussion