vdp Transparency Initiative meets the eye
Sascha Tamim Asfandiar (LL.M.)
Association of German Pfandbrief Banks
When the vdp Executive Board launched the vdp Transparency Initiative almost ten years ago, the goal was clear. To make it easier for investors, the §28 Pfandbrief Act reports of vdp member banks were to be made available on the vdp website in a uniform format suitable for further processing of the data. For this purpose, a uniform standardized understanding of the content requirements of §28 Pfandbrief Act had to be worked out and the technical implementation had to be carried out. Since then, there have been many further developments and improvements, so that today the initiative represents an important source of information for the entire Pfandbrief community.
The transparency data of the participating vdp member institutions available on the website of the Association’s head office has so far been available in PDF, CSV, XLS and XML formats. This range has now been extended to include a graphical representation of the data for each individual member bank. In cooperation with TXS GmbH, the product TravoX was implemented and released on pfandbrief.de and pfandbrief.market. A new diagram icon links the visitor directly to the TravoX profiles of the individual issuers.
In the current release, TravoX itself offers graphical overviews of the granularity and composition of the cover pools (residential/commercial) as well as maturity structures for mortgage and public sector Pfandbrief. Furthermore, additional data on outstanding amounts, maturity structures and loans size are displayed in tabular form. Detailed information on cover pools, other cover assets and key figures will also be available in graphical form in the near future.
The advantage of TravoX is undoubtedly that the transparency data can be viewed directly on the website for the first time, can be browsed through on a quarterly basis and are therefore easier to compare. The historical data goes back to Q1/2016.
The first step has been taken and it now remains to be seen what the initial take-up will be like. By experience we know there will be upside potential here, although the new feature as such already represents high value added compared to the status quo before.
For the time being this new visualization will be available in German exclusively. It is foreseen though to be made available in English in the medium run, too.