Specific controller

  • A specific controller, who is appointed with the approval of the ACP, ensures compliance with current legislation, especially:


 
  • the eligibility of assets, as defined in current legislation,
  • a sufficient level of congruence in maturities and interest rates,
  • respect of the over-collateralization ratio (more than 102%),
  • its mission is permanent.


  • The specific controller certifies that assets cover liabilities whenever obligations foncières are issued. This certification makes it possible to mention the legal privilege in every issue contract.

 

Rating


  • AAA
    Fitch
    confirmed in June 2011

  • Aa2 
    Moody's
    confirmed in
    April 2012


  • AAA watch negative
    S&P
    confirmed in
    January 2012


  • More information
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    Financial highlights

    as of December 31, 2011

    Cover pool

    77.0 € billion

    including 59 % eligible for refinancing by the ECB

    Privileged liabilities

    65.6 € billion

    Total balance sheet

    100.4 € billion

    Non-performing loans

    0.04 %

    Over-collateralization ratio

    115.7 %