25 June 2019
On 20 June 2019, S&P Global Ratings published its Covered Bonds Primer providing a comprehensive guide to the fundamentals and key features of the product.
More specifically, the report summarises the following:
– Definition of a covered bond;
– The benefits of covered bonds;
– The regulatory framework;
– Covered bonds versus securitisation;
– Covered bond program structures;
– Cover pool assets;
– Coverage tests;and
– S&P analytical approach
To read the full report, click here
The European Covered Bond Council (ECBC) is the platform that brings together covered bond market participants including covered bond issuers, analysts, investment bankers, rating agencies and a wide range of interested stakeholders.
