Verband deutscher Pfandbriefbanken | |
Full Name: | Association of German Pfandbrief Banks |
Native Name: | Verband deutscher Pfandbriefbanken |
Native Name Lang: | de |
Abbreviation: | vdp |
Established: | --> |
Founders: | --> |
Defunct: | --> |
Type: | Trade association |
Status: | Eingetragener Verein (registered association) |
Purpose: | Represent German Pfandbrief banks |
Location City: | Berlin |
Location Country: | Germany |
Region Served: | Germany |
Product: | --> |
Membership: | 40 |
Membership Year: | 2020 |
Language: | German |
Leader Title: | President |
Leader Name: | Gero Bergmann |
Former Name: | Verband deutscher Hypothekenbanken |
The Verband deutscher Pfandbriefbanken (vdp, in English Association of German Pfandbrief Banks[1]) is the interest group of German banks which issue a form of property-backed covered bond known as Pfandbrief. vdp member institutions are also engaged in ship and aircraft finance.[2] The vdp takes the judicial form of an Eingetragener Verein (registered association).
The association was named Verband deutscher Hypothekenbanken until July 2005.
The association represents 40 member institutions[3] and it is one of the five members of the German Banking Industry Committee that is defining the standards of the German financing sector.
The bond banks association runs a number of subsidiaries for specialized task such as the "vdp Research GmbH" (vdpResearch), the "vdp Pfandbriefakademie GmbH" (Pfandbrief Academy), the "Hyp Real Estate Rating Services GmbH" (HypRating) and the "Hyp-Zert-Gesellschaft" that is certifying real estate agents to take part in the "Beleihungswertermittlungen mbH" (HypZert - mortgage estimates), with all of them located in Berlin.