Pfandbrief: A European Perspective :The Pfandbrief is a product that no fixed-income fund manager can afford to overlook and, with Pfandbrief like products being introduced throughout Europe, this book is essential reading for issuers, investors, lawyers and accountants working in the European bond market.It is a timely examination of recent developments in the market and the impact of these changes on the German Pfandbrief and other Pfandbrief like products. The Pfandbrief will ensure you have an in-depth understanding of today's market and products and will prepare you for changes yet to come.Over 12 chapters the book examines the changes in legislation, the effects of recent financial crises and the different needs of issuers and investors. Within this context it goes on to assess how the Pfandbrief market is adapting, internally as well as externally, to these drivers.A thorough and up-to-date analysis, the book will enable investors and issuers to make informed assessments about the risks and benefits of the Pfandbrief and accurate judgements about the place for Pfandbrief in their portfolios or funding strategy.Published in association with The Association of German Mortgage Banks; BBVA; Commerzbank; Crédit Foncier de France; DG Bank
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