all mortgage loans
are facing the total volume of all outstanding mortgage bonds. In fact, mortgage cover pools
are dynamic and of unlimited duration (when a loan meets the legal requirements, it is
included in the existing pool). At the same time, when a loan is repaid or if, for other reasons,
it no longer meets the quality criteria, it is withdrawn immediately. The large number of
claims within the mortgage pools should offset the risks of in dividual claims, which
constitutes an important safe ty criterion for the bondholder