Annual Report 2010 - Muenchener Hypothekenbank eG

münchener hypothekenbank eg | annUaL report 2010 notes 76 | 77 puBlic pfanDBriefe outstanDinG anD corresponDinG cover pools nominal value 31 dec. 10 € 000 31 dec. 09 € 000 Public Pfandbriefe 10,457,915 10,894,593 Cover pools 10,983,401 11,663,572 of which further cover assets 1,147,500 1,140,000 derivatives 11,138 5,209 Surplus cover 525,486 768,979 net present value 31 dec. 10 € 000 31 dec. 09 € 000 Public Pfandbriefe 11,292,654 11,821,629 Cover pools 12,102,876 12,709,232 of which further cover assets 1,218,310 1,208,275 derivatives 27,140 18,650 Surplus cover 810,222 887,603 risk-adjusted net present value *) 31 dec. 10 € 000 31 dec. 09 € 000 Public Pfandbriefe 10,790,898 12,567,078 Cover pools 11,494,324 13,426,918 value of surplus cover after stress test 703,426 859,840 *) Stress test applying the dynamic approach in accordance with Art. 4 and Art. 5 Pfandbrief-Net Present value directive (PfandBarwertv) maturity analysis by residual term 31 Dec. 10 € 000 ≤ one year > one year ≤ two years > two years ≤ three years > three years ≤ four years > four years ≤ five years > five years ≤ ten years > ten years Public Pfandbriefe 3,121,436 1,984,108 1,741,293 393,507 340,671 995,077 1,881,823 Cover pools 1,455,211 1,072,231 1,261,796 1,249,613 1,014,305 2,776,217 2,154,028 maturity analysis by residual term 31 Dec. 09 € 000 ≤ one year > one year ≤ two years > two years ≤ three years > three years ≤ four years > four years ≤ five years > five years ≤ ten years > ten years Public Pfandbriefe 1,544,310 3,117,753 1,947,933 679,405 355,903 929,951 2,319,338 Cover pools 1,934,632 1,133,135 1,104,890 1,335,559 1,212,491 3,216,113 1,726,752