The German savings banks have been able to successfully overcome the challenges of the last number of years, including the elimination of the federal guarantees or even the global financial crisis. But to preserve the status quo and continue to be successful, the German savings banks have already had to define their future direction. Fast-moving markets, regulatory changes, changing investor behaviour and the activities of competitors have necessitated a solid, broad-based and diversified funding strategy on their part. An important success factor therefore is the time-management of the assets and liabilities.
However, many customers tend to predominantly invest their monies in short-term assets. One possibility to improve the maturity profile is by issuing a Pfandbrief paper – also as a means to secure funding.
For a German savings bank, the issuance of a Pfandbrief paper is easy to do, since it can be secured against public sector mortgage loans. Doing your own issuance of a Pfandbrief paper goes simply hand in hand with the underlying business processes.
TXS is the strategic partner of Finanz Informatik (FI), who use our TXS Pfandbrief product as an additional product offering when talking to their potential customers about Pfandbrief management.
For more than 20 years, TXS is the leading provider of software, consultancy and services in the area of secured funding and Pfandbrief management.