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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).
Association of German Pfandbrief Banks | |
Verband deutscher Pfandbriefbanken | |
 | |
| Abbreviation | vdp |
|---|---|
| Type | Trade association |
| Legal status | Eingetragener Verein (registered association) |
| Purpose | Represent German Pfandbrief banks |
| Location | |
Region served | Germany |
| Membership | 40 (2020) |
Official language | German |
President | Gero Bergmann |
| Website | www |
Formerly called | Verband deutscher Hypothekenbanken |
History
editThe association was named Verband deutscher Hypothekenbanken (lit. 'association of German mortgage banks') until July 2005.
Organization
editThe 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.
References
edit- ^ official English title, see the English landing page at Pfandbrief.de
- ^ "VDP - Verband Deutscher Pfandbriefbanken".
- ^ "VDP - Verband Deutscher Pfandbriefbanken".