MEZ Captal Basket Partizipationszertifikate

ProduktnameA2FTV1 - Compartent 58 - EUR
KATEGORIEBasket linked - Real Estate
compartment Number58
Issue Date27.04.2017
CurrencyEUR
Denomination5.000
Underlying SecurityMEZ Capital basket
Minimum Trading Amount5.000
Principal Amount500.000.000
ListingNot applicable
DOKUMENTEReporting
Referenzkorbzusammensetzung_14122020.pdf

Chart


Credit Event: DE000A2GSSV1

ISINCCYCurrency Notional in BasketComments Value ReductionDE000A2LGSSV1 EUREUR 1.175.000,00Currently the payments of the Bonds are delayed. The Security granted is sufficient. 5% on the respective Bonds notional, considered only in the bid Price of the MEZ Capital Basket Tracker. This results in an increase of the bid offer spread roughly 0.25% as new Investors can only buy into the MEZ Capital Basket Tracker based on an unadjusted valuation.

Credit Event: DE000A2GSP07

ISINCCYCurrency Notional in BasketComments Value ReductionDE000A2GSP07 EUREUR 1.763.000,00Currently the payments of the Bonds are delayed. The Security granted is not sufficient. Additional sufficient security has not been provided for more then 4 weeks now.20% on the respective Bonds notional at the Bonds initial maturity date.

Credit Event: DE000A2G8TK8

ISINCCYCurrency Notional in BasketComments Value ReductionDE000A2G8TK8 EUREUR 6,062,574,00Currently the payments of the Bonds are delayed. The Security granted is not sufficient. Additional sufficient security has not been provided for more then 4 weeks now. The Issuer is not providing further Information. 50% on the respective Bonds notional due to payment default.

Credit Event: DE000A2LQ4H7

ISINCCYCurrency Notional in BasketComments Value ReductionDE000A2LQ4H7 EUREUR 1.249.000,00Currently the payments of the Bonds are delayed. The Security granted is not sufficient. 10% on the respective Bonds notional at the Bonds initial maturity date

Credit Event: DE000A2GSKS4

ISINCCYCurrency Notional in BasketComments Value ReductionDE000A2GSKS4 EUREUR 3.390.000,00Currently the payments of the Bonds are delayed. The Security granted is not sufficient. 10% on the respective Bonds notional at the Bonds initial maturity date

Credit Event: DE000A2GSEW9

ISINCCYCurrency Notional in BasketComments Value ReductionDE000A2GSEW9 EUREUR805.000Currently the payments of the Bonds are expected to be delayed. The Security granted are sufficient. 5% on the respective Bonds notional due to payment default.

Credit Event: DE000A2GSM34

ISINCCYCurrency Notional in BasketComments Value IncreaseDE000A2GSM34 EUREUR 805000The issuer refused to sign a proposed prolongation and did not carry any redemption. Therefore the bond is now in default. 5% devaluation of the bond value if the value of the collateral exceeds the nominal value of the project bond at the discretion of the reference basket advisor.

Credit Event: DE000A2GSM34

ISINCCYCurrency Notional in BasketComments Value IncreaseDE000A2GSM34 EUREUR 907001.55We had previously devalued this bond by 5% on the basis of the valuation guidelines, as sufficient collateral was available. The issuer has engaged a lawyer who considers the interest to be immoral. Our lawyer is convinced that the issuer's lawyer is wrong (bond instead of loan, issued by the company). However, as the dispute could also have an impact on the collateral, we recommend increasing the devaluation.Further 5% devaluation so a total of 10% devaluation. 10% of the bond value if the value of the collateral exceeds the nominal value of the project bond at the discretion of the reference basket advisor.

Credit Event: DE000A19M7B7

ISINCCYCurrency Notional in BasketComments Value AdjustmentDE000A19M7B7 EUREUR 2712000Closing of the sales contract is delayed. The security granted exceeds the notional amount.5%

Credit Event: DE000A2NBFN7

ISINCCYCurrency Notional in BasketComments Value AdjustmentDE000A2NBFN7 EUREUR 3688790.52Claim of cancellation of a Collateral is filed against the basket advisor, thus the Collateral value is not sufficient to cover the nominal value of the project bond at the discretion of the reference basket advisor.Devaluation of 10% of the Bond Notional in the Basket

Credit Event: DE000A2GSP07

ISINCCYCurrency Notional in BasketComments Value ReductionDE000A2GSP07 EUREUR 1.763.000,00Payments of Bonds were previously delayed. Completion and Sales of the current Project is proceeding slowly. Due to insufficient communication and no additional collateral, the Basket advisor recommends further Devaluation.The bond was devalued by 20% earlier, a further 10% Devaluation is recommended

Credit Event: DE000A2G8TK8

ISINCCYCurrency Notional in BasketComments Value ReductionDE000A2G8TK8 EUREUR 5278.000,00 The existing credit situation hasn't shown any progress despite of efforts involving Legal experts. The Corona Crisis is worsening the Situation. Hence the Basket Advisor recommends a further devaluation Further 20% Devaluation is recommended. Current value stands at 33.61% of bond notional in the Basket

Credit Event: DE000A2GSM34

ISINCCYCurrency Notional in BasketComments Value IncreaseDE000A2GSM34 EUREUR 907001.55We had previously devalued this bond by 10% on the basis of the valuation guidelines, as sufficient collateral was available. The issuer has engaged a lawyer who considers the interest to be immoral. In addition of the legal dispute, additional collateral is unlikely due to Corona Crisis and issuer's credit rating has deteriorated considerably.Further 10% devaluation so a total of 20% devaluation.

Credit Event: DE000A2LQ4H7

ISINCCYCurrency Notional in BasketComments Value ReductionDE000A2LQ4H7 EUREUR 1.249.000,00Currently the payments of the Bonds are delayed. The Security granted is not sufficient. A further 10% devaluation is recommended 20% on the respective Bonds notional at the Bonds initial maturity date

Credit Event: DE000A2NBFN7

ISINCCYCurrency Notional in BasketComments Value AdjustmentDE000A2NBFN7 EUREUR 3688790.52The Collateral value is not sufficient to cover the nominal value of the project bond at the discretion of the reference basket advisor. No further collateral is recieved. Hence a further devaluation of 10% is recommendedDevaluation of 20% of the Bond Notional in the Basket

Credit Event: DE000A2TSS90

ISINCCYCurrency Notional in BasketComments Value ReductionDE000A2TSS90 EUREUR 1867002.60Due to uncertainties in the sale of the purchase price and date, the advisor advises devaluation of the Bond. Bond is sufficiently collateralised Devaluation of 5% on the Bond notional

Credit Event: DE000A2R9Y10

ISINCCYCurrency Notional in BasketComments Value ReductionDE000A2R9Y10 EUREUR 859000Due to a default of a promised payment from Commerzbank , the advisor advises devaluation of the Bond. Bond is sufficiently collateralised Devaluation of 5% on the Bond notional

Credit Event: DE000A2LQ4H7

ISINCCYCurrency Notional in BasketComments Value ReductionDE000A2LQ4H7 EUREUR 1.081693,95Payments of the Bonds are further delayed. . The Security granted is not sufficient. & Additional collateral can not be provided. A further 10% devaluation is recommended 30% on the respective Bonds notional at the Bonds initial maturity date

Credit Event: DE000A2YN7B1

ISINCCYCurrency Notional in BasketComments Value ReductionDE000A2YN7B1 EUREUR 2881000Redemption and interest payments of the Bonds are delayed. A part will be payed at the End of September 2020 and rest plus Interest until 28.02.2021 . The Security granted iare sufficient as per the Advisor. 5% on the respective Bonds notional at the Bonds

Credit Event: DE000A2TSP02

ISINCCYCurrency Notional in BasketComments Value ReductionDE000A2TSP02 EUREUR 1594000There were delayes in redemption from the Bank & dealyes in Project, Sales affected by Corona crisis. The advisor expects a signed differral Commitement The Security granted iare sufficient as per the Advisor. 5% on the respective Bonds notional at the Bonds

Credit Event: DE000A2GSM34

ISINCCYCurrency Notional in BasketComments Value IncreaseDE000A2GSM34 EUREUR 907001.55We had previously devalued this bond by 20% on the basis of the valuation guidelines, Further sales efforts did not succeed due to Corona crisis, Hence a further devaluation is recommended.Further 10% devaluation so a total of 30% devaluation.

Credit Event: DE000A2NBFN7

ISINCCYCurrency Notional in BasketComments Value AdjustmentDE000A2NBFN7 EUREUR 3688790.52The Collateral value is not sufficient to cover the nominal value of the project bond at the discretion of the reference basket advisor. No further collateral is recieved. Addiionally the Personal situation of the managing director can endanger the company. Hence a further devaluation of 10% is recommendedDevaluation of 30% of the Bond Notional in the Basket

Credit Event: DE000A2GSKS4

ISINCCYCurrency Notional in BasketComments Value ReductionDE000A2GSKS4 EUREUR 3.390.000,00Currently the payments of the Bonds are delayed due to Project related issues leading to bankruptcy of the original construction company and additional costs involing a new construction company. The Security granted is not sufficient. A further 10% devaluation is recommended.20% on the respective Bonds notional at the Bonds initial maturity date

Credit Event: DE000A2GSSV1

ISINCCYCurrency Notional in BasketComments Value ReductionDE000A2GSSV1 EUREUR 1.175.000,00Currently the payments of the Bonds are delayed. The Security granted is sufficient. Previously the Bid Price was adjusted, now the basket advisor recommends to change the Ask Price as well.5% on the respective Bonds notional, considered in both the in the Bid & Ask Price of the MEZ Capital Basket Tracker. 

Credit Event: DE000A2NBJG3

ISINCCYCurrency Notional in BasketComments Value ReductionDE000A2NBJG3 EUREUR3926885.76The basket advisor recommends a devaluation on grounds of the Deferral. Value of Collateral exceeds nominal value of the Bond . Bond should be devalued 5% to value of 3730541.47 €

Credit Event: DE000A2TR042

ISINCCYCurrency Notional in BasketComments Value ReductionDE000A2TR042 EUREUR 1809000 The basket advisor recommends a deferral till 30.11.2020 on grounds of the Delays in the construction project. Value of Collateral exceeds nominal value of the Bond . Bond should be devalued 5% to value of 1718550 € from current value of 1809000€

Credit Event: DE000A2NBSF6

ISINCCYCurrency Notional in BasketComments Value ReductionDE000A2NBSF6 EUREUR7154959.23 The basket advisor recommends a devaluation on grounds of the Deferral. Value of Collateral exceeds nominal value of the Bond . Bond should be devalued 5% to value of 6797211.27€ from current value of 7154959.23€

Credit Event: DE000A2YN7W7

ISINCCYCurrency Notional in BasketComments Value IncreaseDE000A2YN7W7 EUREUR 980000Due to uncertainty of the repayment of this bond, interest calculation will be suspended until further notice

Credit Event: DE000A2NBFN7

ISINCCYCurrency Notional in BasketComments Value AdjustmentDE000A2NBFN7 EUREUR 3688790.52The basket advisor recommends further devaluation on the following ground: As already communicated on 27.02.2020, additional securities were demanded from the owner. OLG Stuttgart has deemed the demand illegal and therefore should be released without payment. Filling of further appeals is not possibleIncrease devaluation of from 30% to 50% of the Bond Notional in the Basket

Credit Event: DE000A2TR042

ISINCCY Notional in BasketComments Value ReductionDE000A2TR042 EUR 1809000Due to further delays the basket advisor recommends an additional Value Reduction. Bond should be devalued by 5% to value of 1628100 € from current value of 1718550€. In total the Value is reduced by 10%

Credit Event: DE000A19M7B7

ISINCCYCurrency Notional in BasketComments Value AdjustmentDE000A19M7B7 EUREUR 4719796.38  We have received the message that the sale of the property is delayed and another deferral is necessary.Increase from 5% to 10%

Credit Event: DE000A2LQ4H7

ISINCCYCurrency Notional in BasketComments Value ReductionDE000A2LQ4H7 EUREUR 1352117.44 Payments of the Bonds are further delayed. . The Security granted is not sufficient. & Additional collateral can not be provided. A further 10% devaluation is recommended 50% on the respective Bonds notional at the Bonds initial maturity date

Credit Event: DE000A255CL3

ISINCCYCurrency Notional in BasketComments Value ReductionDE000A255CL3 EUREUR 4525000 According to the valuation guidelines in the term sheet, we as basket advisors recommend the devaluation on grounds of deferral as a prolongation was not possible due to the LTV's being exceeded10%

Credit Event: DE000A2YN7B1

ISIN: DE000A2YN7B1 Currency: EUR Notional in Basket: 2881000 Comments: The bond will be repaid in full. Thus a revaluation is recommended by the Basker Advisor.   Value Upgrade: (144050 €) +5% on the respective Bonds notional in the compartment

Credit Event: DE000A2GSSV1

ISIN: DE000A2GSSV1 Currency: EUR Notional in Basket: 1175000 Comments: The bond will be repaid in full. The redemption amount will be transferred according to the deferral agreement until 31.03.2021. Thus a revaluation is recommended by the Basker Advisor. Value Upgrade: +476873.3€ (+40.06% on the respective Bonds notional in the Basket)

Credit Event:  DE000A2LQ0C6

ISIN:  DE000A2LQ0C6 Currency: EUR Notional in Basket: 363204.92€ Comments: On the ground of new information, the Basket Advisor recommends further devaluation from 5% to 10% and recommends approval of the Deferral agreement Current NAV: 345044.68€ NAV after Devalauion: 326884.43€

Credit Event:  DE000A2YN7W7

ISIN:  DE000A2YN7W7 Currency: EUR Notional in Basket: 980000€ Comments:  The Basket Advisor informs it is no more possible to contact the Issuer and thus recommends devaluation of 50% as per valuation guidelines. Current NAV: 950058.90€ NAV after Devalauion: 475029.45€

Credit Event:  DE000A2NBF09

ISIN:  DE000A2NBF09 Currency: EUR Notional in Basket: 1008660.03€ Comments:  The Basket Advisor informs that existing collateral is not sufficient as per the current situation. Thus, recommends a 5% devaluation  Current NAV: 1008660.03€ NAV after Devalauion: 958660.03€

Credit Event: DE000A2LQ0C45

since last impairment in May it was not possible to get new securities. Given that fact the impairment will be increased by additional 10% leading to total impairment of 20%. NAV in portfolio after additional impairment 326.884,43

Credit Event DE000A2SA7T6

Due to current Corona Situation it was not possible to get the approvals from the authorities in time. Due to this the Repayment of the Bond was prolonged. According to Advisor this will lead to a value Adjustment of 5%. NAV in Portofolio after Value Adjustment: 2.324.437,96 €

Credit Event DE000A194TW5

Due to current Corona Situation it was not possible to get the approvals from the authorities in time. Due to this the Repayment of the Bond was prolonged. According to Advisor this will lead to a value Adjustment of 5%. NAV in Portofolio after Value Adjustment: 2.210.728,96 €

Credit Event DE000A2LQSA9

As part of the ongoing review of collateral, it was determined at RE 1 GmbH that the existing collateral is no longer sufficient and therefore requires a write-down. According to Advisor this will lead to a value Adjustment of 50%. NAV in Portofolio after Value Adjustment: 881055.66 €

Credit Event DE000A255CL3

Due to Corona-related delays in completion, the repayment will be further delayed. As a precautionary measure, in accordance with the valuation guidelines in the term sheet, the basket advisor recommend an increase in the devaluation already set from 10% to then 20% and a follow-up deferral until 30.11.2021. Current NAV in portfolio: 3,773,850 € NAV in Portofolio after Value Adjustment: 3,321,350 € Total devaluation (new): 20%

Credit Event DE000A2GSM34

The basket advisor recommends further devaluation, as all previous measures were unsuccessful with the above issuer & service of the enforceable executions was not possible, The issuer approached the Basket advisor to reorganize the liabilities within the framework of an out-of-court debt settlement. The Basket Advisor has received a settlement proposal for EUR 150,000.00, which they recommend accepting and a devaluation of the position in the Basket to this value. Value without devaluation and before partial redemption: 907,001.55 € Current NAV in portfolio: 386,110.56 € (Including previous devaluations) NAV in Portfolio after current Value Adjustment: 150,000 €

Credit Event DE000A2SA7T6

Due to the lack of current information regarding the delays in completion, the Basket Advisor recommends an increase in devaluation for IHS Hauffgasse 29 Immobilienentwicklung GmbH. Increase of devaluation to: 10% NAV in Portofolio after current Value Adjustment: 2.202.099,12 €

Credit Event DE000A194TW5

Due to the lack of current information regarding the delays in completion, the Basket Advisor recommends an increase in devaluation for IHS Preysinggasse 29 Immobilienentwicklung GmbH from 5% to 10% Increase of devaluation to 10% NAV in Portfolio after current Value Adjustment: 1.989.656,06€

Credit Event DE000A2SB1W2

Due to the lack of current information regarding the delays in completion, the Basket Advisor recommends an increase in devaluation for IHS Breitenfurter Straße 85-87 Immobilienentwicklung GmbH from 5% to 10% Increase of devaluation to 10% NAV in Portfolio after current Value Adjustment: 836.170,92€

Nehmen Sie Kontakt auf

Wir freuen uns auf Ihren Anruf:

+49 (0)211 93678 25-0

oder schicken Sie uns eine E-Mail:

oder nutzen Sie unser Kontaktformular:

Zum Kontaktformular