This publication describes the Danish mortgage credit market and its bonds. A throurough description of the Danish mortage credit system is given including the history, basic principles, security aspects and legal framework.
Besides this main topics are:
- Introduction of the Danish mortgage credit institutions.
- Rating.
- Characteristics of Danish mortgage bonds (both callable and non-callable).
- Remortgaging strategies and prepayment rates.
- Investor portfolio build up and trading aspects.
- The Danish mortage market compared to the American and other European mortage markets.