Collateralization

EQS-News: Deutsche Konsum REIT-AG publishes preliminary figures for the past financial year 2022/2023

Retrieved on: 
Saturday, December 30, 2023
Policy, Annual report, Sale, DKR, Acquisition, REIT, Collateralization, LTV, Bank statement, EPRA, GAAP, FFO, ECB, Environment

This decrease was mainly due to higher net interest expenses, which were around EUR 3.1 million higher than in the previous year.

Key Points: 
  • This decrease was mainly due to higher net interest expenses, which were around EUR 3.1 million higher than in the previous year.
  • Due to the negative annual result according to IFRS as well as under German GAAP, no dividend can be proposed for the past financial year 2022/2023.
  • Due to the negative annual result, the net LTV increased to around 60.3% at the end of the financial year.
  • Deutsche Konsum REIT-AG will publish the final and audited results for the 2022/2023 financial year on 19 December 2023 in its annual report, which it will present during the webcast/teleconference.

EQS-News: Adler Group S.A.: BaFin concludes the examination of ADLER Real Estate’s financial statements 2019 to 2021

Retrieved on: 
Wednesday, December 27, 2023
CFO, News, Collateralization, Sale, Federal Financial Supervisory Authority, Adler Real Estate, Bank statement

Examination of consolidated financial statements as of 31 December 2019, 2020 and 2021 with error determination

Key Points: 
  • Examination of consolidated financial statements as of 31 December 2019, 2020 and 2021 with error determination
    No restatement or error correction of the consolidated financial statements was ordered, and no fines were imposed by BaFin; the only sanctioning measure is the publication of the error determination by BaFin today
    Adler continues to maintain the full accuracy and correctness of the audited consolidated financial statements for the financial years 2019, 2020 and 2021
    After squeeze-out of the minority shareholders became effective in October 2023, ADLER Real Estate is not listed anymore
    Luxembourg/Berlin, 27 December 2023 – Adler Group S.A. (“Adler Group”) announces that the German Federal Financial Supervisory Authority (“BaFin”) has concluded its examination of the consolidated financial statements and combined management reports of Adler Group’s formerly listed subsidiary, ADLER Real Estate Aktiengesellschaft (together with Adler Group, “Adler”), for the financial years 2019, 2020 and 2021.
  • In connection with the conclusion of the examination, BaFin decided that the audited consolidated financial statements and the related combined management report for the financial years 2020 and 2021 contain accounting errors.
  • BaFin’s error determination includes newly identified items which were not included in the error determination in the financial statements 2019.
  • Adler highlights that BaFin's error determination as well as the examination proceedings that have now been concluded do not affect the validity of ADLER Real Estate AG's consolidated financial statements as of 31 December 2019, 2020 and 2021.

The euro area bank lending survey – Second quarter of 2023

Retrieved on: 
Wednesday, July 26, 2023
BLS, Climate, European Central Bank, Housing, Table, Bank statement, Pressure, Eurosystem, Website, Policy, NPL, Weakness, Collateralization, Bank, S, History, P, House, Climate change, GDP, Banque du Liban, Acquisition, Investment, Time, Lisa Tauxe, ECB, Risk, European, Logic, Knowledge, Economics Bulletin, Weather, PDF, Credit, Remuneration, Reproduction, Environment, A, SME, PMI, Instrumentation, Real estate, Financial services, Clothing, Security (finance), Landscape maintenance, Life insurance, Risk management, Bookkeeping, Foodservice, Tobacco, Salt, Cabinetry, Renewable energy, Online shopping
Key Points: 

EQS-News: Corestate Capital Holding S.A.: CONVENING NOTICE TO THE RECONVENED EXTRAORDINARY GENERAL MEETING OF THE SHAREHOLDERS

Retrieved on: 
Tuesday, June 27, 2023
Transfer, Allen & Overy, Islamabad Wildlife Management Board, Section, Correspondence, Participation, European Data Protection Supervisor, Condition, News, Date, Meeting, The Meeting, CEST, Acknowledgment, Companies Act, Exercise, First Meeting, Capital, Collateralization, First, Supervision, Supervisory board, Condition precedent, Companies Act 2006, Authorised capital, First Meeting (Miroslav Vitouš album), N51 road (Luxembourg), Equity carve-out, Person, EUR, Subscription business model, Security (finance), Holding company, Property management, Bank, Cryptocurrency, Reinsurance, Pension fund, Generic drug, Medical device, Mail, Online shopping, Article, Grand duchy, Note

An extraordinary general meeting of the shareholders of Corestate Capital Holding S.A. (the Company) was initially convened for 15 June 2023, at 10:00 a.m. CEST (the First Meeting).

Key Points: 
  • An extraordinary general meeting of the shareholders of Corestate Capital Holding S.A. (the Company) was initially convened for 15 June 2023, at 10:00 a.m. CEST (the First Meeting).
  • At the First Meeting, less than one half (1/2) of the share capital of the Company was represented.
  • The shareholders can ask questions, subject to certain time limits set out herein (please refer to Section VIII below).
  • Further information about the proposed candidate is available on the homepage at www.corestate-capital.com under “Shareholders” and “General Meeting” and will be available for inspection during the Meeting.

EBA publishes results on impact and calibration of standardised approaches for counterparty risk

Retrieved on: 
Friday, June 2, 2023
CCR, European Banking Authority, Calibration, Civil service commission, Commission, Article, EBA, Collateralization, IMM, SA-CCR, CRR, OF, Report, Method, SM, MTM, CR, OEM, Double, European Commission, Cryptocurrency, Toy, EU, European

30 May 2023

Key Points: 
  • 30 May 2023
    The European Banking Authority (EBA) today published its Report on the impact and calibration of the Standardised Approach to Counterparty Credit Risk (SA-CCR), simplified SA-CCR and Original Exposure Method (OEM).
  • The key findings of the Report, depicting the situation as of 31 December 2021, have been visualised in a dynamic way.
  • QIS data have been collected via a dedicated template covering the impact and relative calibration of the standardised approaches for counterparty credit risk (‘EU CCR’), reported by institutions on a voluntary and best-effort basis.
  • the CCR methods introduced under Regulation (EU) 2019/876 to replace the MtM, the Standardised Method (SM) and the old OEM.

EQS-News: Corestate Capital Holding S.A.: CONVENING NOTICE TO THE EXTRAORDINARY GENERAL MEETING OF THE SHAREHOLDERS

Retrieved on: 
Monday, May 15, 2023
ACT, Transfer, Allen & Overy, Islamabad Wildlife Management Board, AS, Correspondence, Participation, European Data Protection Supervisor, Condition, News, Date, Meeting, Acknowledgment, LUXEMBOURG, Companies Act, CEST, BOARD, Exercise, Capital, Collateralization, Supervisory board, Condition precedent, Companies Act 2006, Authorised capital, N51 road (Luxembourg), Equity carve-out, Person, EUR, Subscription business model, SHARE, Security (finance), Holding company, Property management, Bank, Cryptocurrency, Reinsurance, Pension fund, Generic drug, Medical device, Mail, Online shopping, Article, Grand duchy, Note

If the quorum of presence is not reached, a second general meeting may be convened in accordance with applicable law.

Key Points: 
  • If the quorum of presence is not reached, a second general meeting may be convened in accordance with applicable law.
  • Further information about the proposed candidate is available on the homepage at www.corestate-capital.com under “Shareholders” and “General Meeting” and will be available for inspection during the Meeting.
  • Further information about the proposed candidate is available on the homepage at www.corestate-capital.com under “Shareholders” and “General Meeting” and will be available for inspection during the Meeting.
  • In our data protection notice for shareholders, we have summarized all information regarding the processing of personal data of our shareholders in a clear and structured way.

AugmentLabs DAO is launching the world's most advanced algorithmic stablecoin

Retrieved on: 
Wednesday, February 22, 2023
Decentralized finance, USC, Visa, AGC, DAO, Sale, Oracle, ATM, Failure, Partnership, Collateralization, Cryptocurrency

DUBAI, UAE, Feb. 22, 2023 /PRNewswire/ -- AugmentLabs DAO is launching the world's first algorithmic stablecoin with multi-prong fail-safe mechanisms.

Key Points: 
  • DUBAI, UAE, Feb. 22, 2023 /PRNewswire/ -- AugmentLabs DAO is launching the world's first algorithmic stablecoin with multi-prong fail-safe mechanisms.
  • AugmentLabs is here to majorly disrupt the stablecoin space by reducing centralisation risks and offering a transparent and open alternative.
  • AugmentLabs has designed a decentralised stablecoin system with two components: AGC token, which functions as the collateral and DAO, as well as USC, which is the algorithmic stablecoin.
  • AugmentLabs DAO aims to establish USC as the top and primary algorithmic, decentralised stablecoin of the entire cryptocurrency space by the year 2025.

AugmentLabs DAO is launching the world's most advanced algorithmic stablecoin

Retrieved on: 
Wednesday, February 22, 2023
Decentralized finance, USC, Visa, AGC, DAO, Sale, Oracle, ATM, Failure, Partnership, Collateralization, Cryptocurrency

DUBAI, UAE, Feb. 22, 2023 /PRNewswire/ -- AugmentLabs DAO is launching the world's first algorithmic stablecoin with multi-prong fail-safe mechanisms.

Key Points: 
  • DUBAI, UAE, Feb. 22, 2023 /PRNewswire/ -- AugmentLabs DAO is launching the world's first algorithmic stablecoin with multi-prong fail-safe mechanisms.
  • AugmentLabs is here to majorly disrupt the stablecoin space by reducing centralisation risks and offering a transparent and open alternative.
  • AugmentLabs has designed a decentralised stablecoin system with two components: AGC token, which functions as the collateral and DAO, as well as USC, which is the algorithmic stablecoin.
  • AugmentLabs DAO aims to establish USC as the top and primary algorithmic, decentralised stablecoin of the entire cryptocurrency space by the year 2025.

CloudMargin Signs Seven New Bank Clients in Last Quarter

Retrieved on: 
Thursday, July 28, 2022
View, Insurance, Industry, Deutsche Bank, Jefferies, UMR, BNP Paribas, SWIFT, Collateralization, Multimedia, Finastra, FIS, IM, Technology, IHS Markit, S&P Global, Software as a service, Efficiency, Growth, Apex, Citigroup, Security (finance)

LONDON, July 28, 2022 /PRNewswire/ -- CloudMargin, creator of the world's first and only collateral and margin management solution native to the cloud, announced today a number of significant achievements over the quarter ended June 30, including adding seven new bank clients globally, further enhancing the ability to centralise data and optimise collateral via the CloudMargin platform, and hiring a key new member of the sales team in Europe.

Key Points: 
  • The strong growth in bank clients comes on the heels of the company's best revenue year in the firm's history, for the fiscal year ending March 31.
  • The CloudMargin user base grew 45% from April 2021 through March 2022 and 25% more by the end of June.
  • Approximately 40% of all CloudMargin clients in scope for UMR are using the firm's triparty and custodian SWIFT services.
  • CloudMargin was the first collateral management solution provider to be a member of the SWIFT network, facilitating straight-through processing through settlement.

CloudMargin Signs Seven New Bank Clients in Last Quarter

Retrieved on: 
Thursday, July 28, 2022
Insurance, Industry, Deutsche Bank, Jefferies, UMR, BNP Paribas, SWIFT, Collateralization, Finastra, FIS, IM, Technology, IHS Markit, S&P Global, Software as a service, Efficiency, Growth, Apex, Citigroup, Security (finance)

LONDON, July 28, 2022 /PRNewswire/ -- CloudMargin, creator of the world's first and only collateral and margin management solution native to the cloud, announced today a number of significant achievements over the quarter ended June 30, including adding seven new bank clients globally, further enhancing the ability to centralise data and optimise collateral via the CloudMargin platform, and hiring a key new member of the sales team in Europe.

Key Points: 
  • The strong growth in bank clients comes on the heels of the company's best revenue year in the firm's history, for the fiscal year ending March 31.
  • The CloudMargin user base grew 45% from April 2021 through March 2022 and 25% more by the end of June.
  • Approximately 40% of all CloudMargin clients in scope for UMR are using the firm's triparty and custodian SWIFT services.
  • CloudMargin was the first collateral management solution provider to be a member of the SWIFT network, facilitating straight-through processing through settlement.