The nominal value of the assets transferred was EUR 175.7 billion at the transfer date.
Including derivatives, this comprised more than 12,000 individual exposures with about 2,500 different counterparties.
FMS Wertmanagement is not a credit institution or financial services institution under the German Banking Act and thus does not need a banking licence and is not subject to any regulatory capital adequacy and liquidity requirements.
At the end of 2015 the portfolio encompasses 2648 individual exposures with 1329 different counterparties. The individual exposures are located in 58 countries.
FMS Wertmanagement does not engage in any active new lending or deposit business.
FMS Wertmanagement may engage in banking and financial services transactions serving to unwind the portfolio transferred to it.
FMS Wertmanagement prepares its financial statements in accordance with the German Commercial Code (Handelsgesetzbuch - HGB).
FMS Wertmanagement may act in its own name when transacting business, and sue and be sued. FMS Wertmanagement does not hold any shares of the HRE Group and the HRE Group does not hold any shares of FMS Wertmanagement.
The nominal value of the portfolio was EUR 94.7 billion at the end of 2015.
The total assets as at the end of fiscal 2015 amounted to EUR 171.1 billion.
The number of permanently employed staff at the end of 2010 – i.e. five months after foundation – was 18. The number of employees was 138 at the end of 2015.
FMS Wertmanagement is supervised by the Federal Agency for Financial Market Stabilisation (FMSA), which has extensive information, controlling, audit and instruction rights.