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DZ HYP is a major issuer of Pfandbriefe (German covered bonds) in Germany. Its Mortgage Pfandbriefe and Public Pfandbriefe provide investors with products offering a high degree of security and transparency. Well-diversified cover pools, top ratings and extensive market support underscore DZ HYP's special quality standards.

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Frank Schneider

Frank Schneider

Head of Compliance

Disclosure Report

Pursuant to section 16 of the German Regulation on Remuneration in Financial Institutions (Institutsvergütungsverordnung – "InstVergV") in conjunction with Article 450 of Regulation (EU) No. 575/2013 (CRR), DZ HYP is obliged to disclose its remuneration policy and practice for those employees whose activities have a material impact upon the Bank's risk profile ("risk takers"). Disclosure in recent years – including the 2013 financial year – was in accordance with section 7 of the InstVergV (old wording).

In this context,

  1. the structure of remuneration systems, in particular the material remuneration parameters and the composition of remuneration components, and the manner in which remuneration is paid; and
  2. the total amount of all remuneration, divided into fixed and variable remuneration, plus the number of recipients of the variable remuneration, must be published, and updated at least once a year.