Cover pool
The cover pool consists to more than 90% of residential mortgage loans
Loan-to-value calculation as defined by the Association of Swedish Covered Bond Issuers www.ascb.se
Harmonised Transparency Templates
Cover pool data
| Cover pool summary | Dec 2018 | Sep 2018 | Jun 2018 | Mar 2018 | Dec 2017 |
|---|---|---|---|---|---|
| Total assets in the cover pool, SEKbn | 968.0 | 959.8 | 955.1 | 942.0 | 928.6 |
| Number of borrowers | 1 115 299 | 1 118 058 | 1 120 305 | 1 121 110 | 1 119 065 |
| Number of properties | 751 947 | 753 043 | 754 104 | 754 153 | 752 474 |
| Average loan size, SEK | 599 915 | 594 881 | 591 486 | 584 517 | 577 975 |
| Number of loans outstanding | 1 613 517 | 1 613 370 | 1 614 784 | 1 611 636 | 1 606 567 |
| Over-collateralisation level | 102.3 | 98.6 | 78.7 | 79.6 | 85.5 |
| Weighted Average LTV (property level) | 51% | 51% | 51% | 50% | 49% |
| Average seasoning, months | 67 | 67 | 66 | 66 | 66 |
| Type of loans in the pool | Dec 2018 | Sep 2018 | Jun 2018 | Mar 2018 | Dec 2017 |
|---|---|---|---|---|---|
| Residentials | 92.4% | 92.6% |
92.3% | 92.0% | 91.9% |
| of which Single-family housing | 57.0% | 57.0% | 57.1% | 57.0% | 59.9% |
| of which Tenant owner rights | 21.5% | 21.3% | 21.0% | 20.9% | 20.7% |
| of which Tenant owner associations | 9.1% | 9.4% |
9.3% | 9.4% | 9.6% |
| of which Multi-family housing | 4.8% | 4.9% | 4.9% | 4.7% | 4.7% |
| Public | 0.6% | 0.5% | 0.6% | 0.7% | 0.7% |
| Commercial | 0.8% | 0.8% | 0.8% | 0.8% | 0.8% |
| Forest & Agricultural | 6.2% | 6.1% | 6.3% | 6.5% | 6.6% |
| Geographic distribution (more granular in pdf) | Dec 2018 | Sep 2018 | Jun 2018 | Mar 2018 | Dec 2017 |
|---|---|---|---|---|---|
| North | 6.5% | 6.5% | 6.5% | 6.5% | 6.5% |
| Middle (including Stockholm) | 44.0% | 44.0% | 44.0% | 44.0% | 43.9% |
| South (including Gothenburg and Malmoe) | 49.5% | 49.5% | 49.5% | 49.5% | 49.6% |
| Interest rate fixing, floating / fixed | Dec 2018 | Sep 2018 | Jun 2018 | Mar 2018 | Dec 2017 |
|---|---|---|---|---|---|
| (distribution by refixing period as percentage of total cover pool) | |||||
| Floating (reset in < 365 days) | 68.6% | 70.5% | 70.4% | 70.1% | 70.8% |
| Fixed, reset period 1-2 Y | 11.8% | 11.1% | 11.0% | 10.2% | 9.1% |
| Fixed, reset period 2-5 Y | 18.1% | 16.9% | 17.1% | 18.1% | 18.4% |
| Fixed, reset period > 5 Y | 1.5% | 1.5% | 1.5% | 1.6% | 1.7% |
| Interest rate fixing, floating / fixed | Dec 2018 | Sep 2018 | Jun 2018 | Mar 2018 | Dec 2017 |
|---|---|---|---|---|---|
| (distribution by refixing period as percentage of total cover pool) | |||||
| Floating (reset in < 365 days) | 68.6% | 70.5% | 70.4% | 70.1% | 70.8% |
| Fixed, reset period 1-2 Y | 11.8% | 11.1% | 11.0% | 10.2% | 9.1% |
| Fixed, reset period 2-5 Y | 18.1% | 16.9% | 17.1% | 18.1% | 18.4% |
| Fixed, reset period > 5 Y | 1.5% | 1.5% | 1.5% | 1.6% | 1.7% |
| Repayment structure, on property level | Dec 2018 | Sep 2018 | Jun 2018 | Mar 2018 | Dec 2017 |
|---|---|---|---|---|---|
| Amortising | 71% | 70% | 69% | 68% | 68% |
| Interest only | 29% | 30% | 31% | 32% | 32% |
| Dynamic pool | YES | YES | YES | YES | YES |
| Non-performing loans 1) (see pdf. for split of loans past due 0-60 days) |
Non | Non |
Non |
Non |
Non |
| 1) Loans past due > 60 days are not eligible for the cover pool | |||||
| Covered bonds | Dec 2018 | Sep 2018 | Jun 2018 | Mar 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|
| Rating of the Covered bond programme (S&P / Moody's) | AAA/Aaa |
AAA/Aaa | AAA/Aaa | AAA/Aaa | AAA/Aaa | |
| Total outstanding amount, nominal, SEKm 1) | 478 371 | 483 194 | 534 458 |
524 453 | 500 598 | |
| Weighted average maturity period | 42 months | 44 months | 40 months | 39 months | 39 months | |
| FX distribution | SEK | 69% | 68% | 71% | 70% | 69% |
| EUR | 26% | 26% | 23% | 23% | 22% | |
| USD | 2% | 2% | 2% | 2% | 3% | |
| Other | 3% | 4% | 4% |
5% | 6% | |
| 1) FX-rate as per trade date; Gross outstanding amount, i.e. including intra-group holdings. |
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