Loan Pooling
Helaba offers wide-ranging support for the Sparkassen in the area of credit portfolio management. We provide a proven synthetic transaction platform through which to reduce concentration risks, and have already completed three loan pooling transactions. These transactions not only reduce the credit risk at portfolio level and ease the strain on equity, but also give the Sparkassen greater room for manoeuvre in lending activities. Having begun by arranging two regional transactions for Sparkassen in Hesse and Thuringia, Helaba recently arranged a first inter-regional loan pooling transaction together with BayernLB.
Following two regional transactions for savings banks in Hesse and Thuringia, Helaba and BayernLB jointly structured the first inter-regional credit pooling transaction in 2006. Implemented in 2007, the Sparkassen-Kreditbasket IV (savings banks credit basket IV) was the first Germany-wide transaction. BayernLB, Helaba, HSH NORDBANK, LBBW, NORD/LB, SaarLB, Sachsen LB, and WestLB AG – the facilitators of the transaction – were responsible for getting the savings banks on board and supporting them in the regions. The administrators BayernLB and Helaba have taken on the management and processing of the basket.
- Hesse-Thuringia Sparkasse loan pool I:
13 savings banks, 26 counterparties with a total pool volume of € 25.8 m
Start of coverage: 15 February 2004
Transaction end: 14 June 2007
- Hesse-Thuringia Sparkasse loan pool II:
18 savings banks, 45 counterparties with a total pool volume of € 70.8 m
Start of coverage: 2 May 2005
Transaction end: 1 May 2010
- Sparkassen loan pool III:
28 investor and 39 originator savings banks,
73 counterparties from Bavaria, Hesse, the Saarland, Schleswig-Holstein and Thuringia with a total pool volume of € 133.5 m
Start of coverage: 15 September 2006
Transaction end: 14 September 2011
- Sparkassen loan pool IV (savings banks credit basket IV):
45 investor and 47 originator savings banks,
119 borrowers throughout Germany with a total basket volume of €196.1 million.
Start of hedging: 19 September 2007
End of transaction: 19 September 2012
- Sparkassen loan pool V (savings banks credit basket V):
33 investor and 32 originator savings banks,
87 borrowers throughout Germany with a total basket volume of €168.5 million.
Start of hedging: 10 December 2008
End of transaction: 9 December 2013
- Sparkassen loan pool VI (savings banks credit basket VI):
40 savings banks and 133 counterparties with a total pool volume of € 202,6 m
Start of coverage: 9 October 2009
Transaction end: 9 October 2014
- Sparkassen loan pool VII (savings banks credit basket VII):
44 savings banks and 146 counterparties with a total volume of € 272,2 m
Start of coverage: 10 November 2010
Transaction end: 10 November 2015
