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emissionsfähige Überdeckung

English translation: excess coverage eligible for issuance

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:emissionsfähige Überdeckung
English translation:excess coverage eligible for issuance
Entered by: Rod Darby (X)

15:50 Mar 31, 2009
German to English translations [PRO]
Bus/Financial - Investment / Securities
German term or phrase: emissionsfähige Überdeckung
Auskunftsgemäß soll noch im ersten Halbjahr 2009 das Backtesting der Modellannahmen für die Wertpapiere, die emissionsfähigen Überdeckungen und die wirtschaftlichen Kreditzusagen erfolgen.
It's MaRisk, of course...
Rod Darby (X)
Ghana
Local time: 10:47
excess coverage eligible for issuance
Explanation:
The concept of 'excess coverage' is related to asset-covered bond issues (such as Pfandbriefe, for example). To enhance the credit quality of a covered bond issue, the pool of cover assets is larger than the (nominal) amount of bonds (to be) issued.
Selected response from:

Ralf Lemster
Germany
Local time: 12:47
Grading comment
Ralf, my knight in shining armour! (bottle of wine next time you're in SW France sound good to you?)
4 KudoZ points were awarded for this answer



Summary of answers provided
3excess coverage eligible for issuance
Ralf Lemster
2 -1listable/floatable surplus
Jon Fedler


Discussion entries: 2





  

Answers


47 mins   confidence: Answerer confidence 2/5Answerer confidence 2/5 peer agreement (net): -1
listable/floatable surplus


Explanation:
emissionsfähige - (securities)capable of being listed/floated
Überdeckung - surplus (from Glossaries

Jon Fedler
Local time: 13:47
Native speaker of: English
PRO pts in category: 12

Peer comments on this answer (and responses from the answerer)
disagree  Ralf Lemster: The concept of "Überdeckung" is used in the context of asset-backed securities - it is not a "surplus"
2 days 6 hrs
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2 days 7 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
excess coverage eligible for issuance


Explanation:
The concept of 'excess coverage' is related to asset-covered bond issues (such as Pfandbriefe, for example). To enhance the credit quality of a covered bond issue, the pool of cover assets is larger than the (nominal) amount of bonds (to be) issued.


    Reference: http://www.lbbw.de/imperia/md/content/lbbwde/ueberuns/gescha...
    https://sicherheit.bremerlandesbank.de/module/ueber_uns/investor_relations/bilanz_guv/pdf/bremerlb_annualreport_2006.pdf
Ralf Lemster
Germany
Local time: 12:47
Specializes in field
Native speaker of: German
PRO pts in category: 475
Grading comment
Ralf, my knight in shining armour! (bottle of wine next time you're in SW France sound good to you?)
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