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France

Caisse de Refinancement de l'Habitat

La Boetie , 35
75008 PARIS

http://www.crh-bonds.com

CRH is a Credit Institution of which equity belongs to French Banks.


CRH was created in 1985 by the French Government with State explicit guarantee as a central agency in order to issue bonds in the specific legal framework of art 13 of law 85-685 of July 1985 for refinancing residential mortgage home loans granted by the French banking system. Today, instead of State guarantee, the French law grants to CRH’s bondholders a privilege on CRH’s secured loans to banks.


CRH’s loans to banks have the same characteristics as those of CRH’s bonds. Refinanced loans remain on the borrowing banks' balance sheet, but are pledged as collateral for covering CRH’s loans to banks with a minimum of 25% over-collateralisation. In the event of a borrowing bank default, provisions of French law give CRH the full ownership of these loans, without any formality, notwithstanding any provision to the contrary.

CRH IS DIFFERENT FROM OTHER COVERED BONDS ISSUERS:

1. CRH does not borrow for its own account but for the account of French banks in a special framework dedicated to it.

2. CRH is a credit institution whose sole object is to pool borrowings and to add soundness.

3. CRH benefits from cross commitments of French’s banks, to supply cash advances and capital contributions.



POOL DETAIL





BOND DETAIL

IMPORTANT NOTICES

(i) The Product Information displayed on this Site has been uploaded by the Issuers of the relevant Products. None of the information displayed on this Site shall form the basis of any contract. Any User of this Site will be required to acknowledge that it has not relied on, or been induced to enter into any contract by, any representation or warranty.

(ii) The Covered Bond Label Foundation has not independently verified the Product Information displayed on this Site. Accordingly, no representation, warranty or undertaking, express or implied, is made, and no responsibility is accepted, by the Covered Bond Label Foundation as to or in relation to the accuracy or completeness or otherwise of such Product Information."

(iii) The information provided on or accessible through the Site is not intended for distribution to, or use by, any person or entity in any jurisdiction where such distribution or use would be contrary to local law, or which would subject us or any Issuer, to any authorisation, registration or other requirement within such jurisdiction. You agree not to use or export the information or materials available on or through this Site in violation of laws in your jurisdiction.

TERMS OF USE

SECTION A. INVESTOR T&Cs

1. DIRECTORY SERVICES


2. USE OF MATERIALS


3. LINKS FROM AND TO OUR SITE


SECTION B. ISSUER T&Cs

1. DIRECTORY SERVICES AND LABEL


2. PRODUCTS


3. UPLOADING INFORMATION TO OUR SITE


4. LINKING TO OUR SITE


5. SECURITY


6. DOWNLOADING OF ISSUER PROFILES FROM OUR SITE


SECTION C. GENERAL T&Cs

1. SITE ACCESS


2. INTELLECTUAL PROPERTY


3. SITE CHANGES


4. OUR LIABILITY


5. INFORMATION ABOUT YOU AND VISITS TO OUR SITE


6. VIRUSES, HACKING, OTHER OFFENCES


7. JURISDICTION AND APPLICABLE LAW


8. VARIATIONS


9. CONTACTS


SECTION D. CBFL ACCEPTABLE USE POLICY


1. PROHIBITED USES

You may use the Site for lawful purposes only. You may not use the Site:


You also agree:


2. CONTENT STANDARDS


Information must:


Information must not:


3. SUSPENSION AND TERMINATION

We will determine, at our sole discretion, whether your use of the Site has caused a breach of the Policy. When a breach of the Policy has occurred, we may take such action as we deem reasonable.

Failure to comply with the Policy will constitute a material breach of our Terms of Use upon which you are permitted to use the Site, and may result in us taking any of the following actions:


4. DOWNLOADING AND USE OF INFORMATION FROM OUR SITE


5. CHANGES TO THE POLICY

We may revise the Policy at any time by amending this page. You are expected to check this page from time to time to take notice of any changes we make, as they are legally binding on you. Some of the provisions contained in the Policy may also be superseded by provisions or notices published elsewhere on the Site.

SECTION E. CBFL PRIVACY POLICY


1. INFORMATION COLLECTION AND PROCESSING

We may collect and process the following information about you:


This information may include personal information (such as your name or title) and we will only process such personal information for the purposes set out in paragraph 2 below in accordance with the Belgian DPL


2. INFORMATION USE

We may collect and process your personal information for the following purposes:


If you do not want us to use your information in this way, or to pass your details on to third parties for marketing purposes, you can refuse consent to such processing by ticking the relevant box situated on the form on which we collect your information.

3. TRANSFER AND STORAGE OF PERSONAL INFORMATION


4. SECURITY


5. YOUR RIGHTS


6. CHANGES TO OUR PRIVACY POLICY


7. CONTACT