Press release

New features in the Covered Bond Label – HTT reporting tool to visually improve transparency of the cover pool assets

Brussels, 23 April 2020 – For immediate release

The Covered Bond Label Foundation (CBLF) is pleased to announce that it has developed and published on the Covered Bond Label website a new HTT reporting tool which enhances clarity and thus transparency in the labelled covered bond space. This new tool presents graphs and charts using data from the HTTs of the labelled issuers, focusing both on general and asset-specific characteristics of the underlying cover pool and enables users to download HTT-specific reports in pdf format.

Moreover, in order to explain and increase awareness of this new feature, an introductory video has been created and uploaded on the homepage of the Covered Bond Label website.

Commenting on this development, Luca Bertalot, Covered Bond Label Foundation Administrator, said:

“We believe that in critical moments such as at the present time, it is of paramount importance for the market to reinforce the transparency and risk sensitivity of the Covered Bond Label. With coverage of more than 80% of the market, the Label offers a driver for transparency combining harmonised risk information on covered bond legislation, issuer and cover pool assets. The new HTT reporting tool provides even greater transparency and comparability among issuers and jurisdictions by reporting on harmonised key parameters related to credit risk analysis in the covered bond space.”

The Covered Bond Label is a quality label, the purpose of which is to highlight the security and quality of covered bonds to investors and to further enhance recognition of and trust in the covered bond asset class.

The Covered Bond Label is open to all covered bond programmes that are compliant with the Covered Bond Label Convention and disclose their data by publishing the Harmonised Transparency Template (HTT). More information on all labelled issuers and the Label itself can be found on the Covered Bond Label website at www.coveredbondlabel.com.