In the event of the Pfandbrief issuer 's insolvency , Pfandbrief investors have a preferential claim on the cover assets in the cover register .
Cover pool assets are not included in insolvency proceedings .
In the event of the Pfandbrief issuer 's insolvency , Pfandbrief investors have a preferential claim on the cover assets in the cover register because cover pool assets are not included in insolvency proceedings .