{"id":17009,"date":"2019-05-03T07:25:48","date_gmt":"2019-05-03T07:25:48","guid":{"rendered":"http:\/\/triniti.eu\/insights\/pandikirjad\/"},"modified":"2026-04-15T13:39:34","modified_gmt":"2026-04-15T13:39:34","slug":"pandikirjad","status":"publish","type":"insights","link":"https:\/\/triniti.1kdigital.com\/et\/insights\/pandikirjad\/","title":{"rendered":"Pandikirjad"},"content":{"rendered":"\nM\u00e4rtsis 2019 j\u00f5ustus <span style=\"color: #008cc8;\"><a style=\"color: #008cc8;\" href=\"https:\/\/www.riigiteataja.ee\/akt\/128022019001\" target=\"_blank\" rel=\"noopener\">pandikirjaseadus<\/a><\/span>, mis annab pankadele alates 1. oktoobrist 2019 v\u00f5imaluse rahastada end kinnisvaralaenude ning riigi v\u00f5i kohaliku omavalituse v\u00f5lakirjadest tulenevate n\u00f5uete tagatisel. Investorite jaoks on tegemist tavap\u00e4rasest madalama riskiga avalikult kaubeldava v\u00f5lainstrumendiga.\r\n\r\n<!--more-->\r\n\r\n<a href=\"https:\/\/triniti.ee\/wp-content\/uploads\/sites\/2\/2019\/05\/Pandikirjaseadus.jpg\"><img decoding=\"async\" class=\"alignnone size-large wp-image-10064\" src=\"https:\/\/triniti.ee\/wp-content\/uploads\/sites\/2\/2019\/05\/Pandikirjaseadus-1024x590.jpg\" alt=\" width=\" height=\"590\" \/><\/a>\r\n\r\n<strong>Pandikiri<\/strong> on Eesti \u00f5igusmaastikul uus n\u00e4htus, tema kasutusv\u00f5imaluste kohta liikvel mitmeid poolt\u00f5desid. Toon allpool v\u00e4lja viis punkti, mis ehk aitavad pandikirja olemust selgitada.\r\n<ul class=\"type4\">\r\n \t<li><strong>Pandikiri<\/strong> (covered bond) on v\u00f5lakiri, mille tagatiseks on panga n\u00f5uded v\u00f5lgnike vastu, kelle kohustused on tagatud kinnisvaraga (h\u00fcpoteekkrediit), v\u00f5i riigi v\u00f5i kohaliku omavalitsuse vastu (riigi v\u00f5lakirjad);<\/li>\r\n \t<li><strong>Pandikirjad<\/strong> jagunevad kahte liiki:<\/li>\r\n<\/ul>\r\n<ul class=\"type2\">\r\n \t<li>h\u00fcpoteekpandikirjad, mille tagatiseks on EEA lepinguriigi territooriumil asuva elamukinnisvara tagatisel f\u00fc\u00fcsilisele isikule antud laenud; ja<\/li>\r\n \t<li>segatud tagatisvaraga pandikirjad, mille tagatiseks v\u00f5ivad lisaks f\u00fc\u00fcsilisele isikule antud elamukinnisvaraga tagatud krediidile ka juriidilistele isikutele antud \u00e4rikinnisvaraga tagatud krediidid ning EEA lepinguriigi riigi- v\u00f5i kohaliku omavalitsuse v\u00f5lav\u00e4\u00e4rtpaberid;<\/li>\r\n<\/ul>\r\n<ul class=\"type4\">\r\n \t<li><strong>Pandikirja emitendiks<\/strong> saab olla \u00fcksnes tegevusloa saanud krediidiasutus (pank), kellel tuleb selleks hankida Finantsinspektsioonilt t\u00e4iendav tegevusluba. Pandikirja v\u00e4ljalaskmisele kohaldatakse v\u00f5lakirjade emiteerimise n\u00f5uded (s.o. allutatud finantsj\u00e4relevalvele);<\/li>\r\n \t<li><strong>Emitent<\/strong> moodustab eraldi tagatisportfellid iga pandikirjaliigi kohta ning peab eraldi registrit sellesse kuuluvate n\u00f5uete kohta. Portfellid on nii formaalsest (vastavus seaduse n\u00f5uetele ja pandikirja tingimustele) kui sisulisest (tagatiskvaliteet) k\u00fcljest allutatud v\u00e4lisest audiitorist eraldiseisvale s\u00f5ltumatule audiitorkontrollile, kelle m\u00e4\u00e4rab emitendi \u00fcldkoosolek;<\/li>\r\n \t<li><strong>Emitendi pankroti<\/strong>, likvideerimise v\u00f5i muul viisil tegevuse peatamise korral eraldatakse tagatisportfellid emitendi varast ja neile m\u00e4\u00e4rab kohus Finantsinspektsiooni ettepanekul kutsekvalifikatsiooniga halduri. Portfellihalduri \u00fclesandeks on pandikirjade portfelli valitsemine emitendi nimel v\u00f5i portfelli likvideerimine (nt m\u00fc\u00fck Finantsinspektsiooni loal teisele kvalifitseeritud krediidiasutusele). Pandkirjade investorid seega emitendi tegevusriski ei kanna.<\/li>\r\n<\/ul>\r\nEuroopa Liidul on kavas kapitaliturgude \u00fchtlustamise raames liikmesriikides pandikirjade regulatsioon liikmesriikides \u00fchtlustada, vastava m\u00e4\u00e4ruse eeln\u00f5u esitas Komisjon m\u00e4rtsis 2018.\r\n\r\nKui Sul on antud teemal k\u00fcsimusi, v\u00f5ta <span style=\"color: #008cc8;\"><a style=\"color: #008cc8;\" href=\"https:\/\/triniti.ee\/kontakt\/\" target=\"_blank\" rel=\"noopener\">meiega<\/a><\/span> julgelt \u00fchendust!\n","protected":false},"featured_media":2868,"template":"","person_countries":[296],"people_industries":[],"experience_practice_area":[318],"insight_category":[430],"class_list":["post-17009","insights","type-insights","status-publish","has-post-thumbnail","hentry","person_countries-eesti","experience_practice_area-pangandus-finantsoigus","insight_category-blogi"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Pandikirjad - TRINITI - Pan-Baltic Law Firm<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"et_EE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pandikirjad - TRINITI - Pan-Baltic Law Firm\" \/>\n<meta property=\"og:description\" content=\"M\u00e4rtsis 2019 j\u00f5ustus pandikirjaseadus, mis annab pankadele alates 1. oktoobrist 2019 v\u00f5imaluse rahastada end kinnisvaralaenude ning riigi v\u00f5i kohaliku omavalituse v\u00f5lakirjadest tulenevate n\u00f5uete tagatisel. 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