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Geschäftsbericht 2013, englisch

69notes Public Pfandbriefe outstanding and corresponding cover ASSETS Discounts based on the vdp credit quality differentiation model were taken into consideration in calculating the cover pool as of 31.12.2013. Nominal value 31 Dec. 13 € 000 31 Dec. 12 € 000 Public Pfandbriefe 6,390,644 7,526,058 Cover pools 7,237,038 7,896,424 of which further cover assets 284,580 344,580 derivatives 0 0 Surplus cover 846,394 370,366 Net present value 31 Dec. 13 € 000 31 Dec. 12 € 000 Public Pfandbriefe 7,195,524 8,688,477 Cover pools 8,446,058 9,536,496 of which further cover assets 323,637 381,128 derivatives 25,879 36,697 Surplus cover 1,250,534 848,019 Risk-adjusted net present value *) 31 Dec. 13 € 000 31 Dec. 12 € 000 Public Pfandbriefe 6,761,247 8,235,799 Cover pools 7,924,701 8,991,609 Value of surplus cover after stress test 1,163,454 755,810 *) 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. 13 € 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 861,653 368,412 229,856 1,110,651 962,306 940,403 1,917,363 Cover pools 722,282 774,428 689,053 647,891 559,366 1,205,643 2,638,375 Maturity analysis by residual term 31 Dec. 12 € 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 2,006,613 860,768 368,051 232,032 1,114,781 1,025,577 1,918,236 Cover pools 881,687 807,719 713,864 659,602 569,703 1,414,708 2,849,141

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