ABS/MBS are not eligible. A specific class of covered bonds corresponds to each of these cover asset classes:
Hypothekenpfandbriefe, Öffentliche Pfandbriefe, Schiffspfandbriefe and Flugzeugpfandbriefe. The respective
Pfandbrief must be fully secured by its specific cover asset class (§ 4 PfandBG). Detailed transparency requirements
are regulated in § 28 PfandBG, enhanced by the amendments 2009, 2010 and 2013.