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Pfandbrief

English translation: public-sector debentures / mortgage bonds

08:35 Mar 10, 2010
German to English translations [PRO]
Bus/Financial - Investment / Securities
German term or phrase: Pfandbrief
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.
njbeckett
Germany
Local time: 02:57
English translation:public-sector debentures / mortgage bonds
Explanation:
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)
--------------------------------------------------

Please note: the question was changed after my answer, so please disregard teh public sector debentures, they do not apply to the questions anymore.
Selected response from:

Birgit Gläser
Germany
Local time: 02:57
Grading comment
Selected automatically based on peer agreement.
4 KudoZ points were awarded for this answer



Summary of answers provided
3 +2public-sector debentures / mortgage bonds
Birgit Gläser


Discussion entries: 1





  

Answers


18 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +2
Pfandbrief/Hypothekenanleihe
public-sector debentures / mortgage bonds


Explanation:
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.

--------------------------------------------------
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(s):
  • The WGF AG mortgage bond is premium reserve compatible

    Reference: http://www.wgfag.de/en/
Birgit Gläser
Germany
Local time: 02:57
Native speaker of: Native in GermanGerman
PRO pts in category: 12
Grading comment
Selected automatically based on peer agreement.

Peer comments on this answer (and responses from the answerer)
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
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