Verband deutscher Pfandbriefbanken explained

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).

History

The association was named Verband deutscher Hypothekenbanken until July 2005.

Organization

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.

External links

Notes and References

  1. official English title, see the English landing page at Pfandbrief.de
  2. Web site: VDP - Verband Deutscher Pfandbriefbanken.
  3. Web site: VDP - Verband Deutscher Pfandbriefbanken.