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12 de mar. de 2018 · Covered bonds are debt obligations issued by credit institutions which offer a so-called double-recourse protection to bondholders: if the issuer fails, the bondholder has a direct and preferential claim against certain earmarked assets and an ordinary claim against the issuer's remaining assets. Covered bond outstanding volume in the EU ...
30 de jun. de 2022 · The French covered bond market ranks second globally by stock in 2022 year to date, with over €352 billion of outstanding bonds. There are currently 18 French covered bond programs belonging to 13 banks and one corporate entity. The main collateral types backing covered bond programs are residential loans (mortgage and guaranteed), and--to a ...
5 de abr. de 2023 · Los ‘covered bonds’, traducidos al español como cédulas hipotecarias, son bonos garantizados emitidos por entidades financieras que ofrecen una rentabilidad fija a largo plazo y que tienen como garantía préstamos hipotecarios concedidos por el banco emisor. Esa garantía que respalda los bonos proporciona a los inversores una mayor ...
17 de out. de 2022 · Key Takeaways. German benchmark covered bond issuance is at a record high, totaling €39 billion by mid-October 2022, the highest volume observed in 10 years. In May 2021 the Bundesrat approved amendments to the Pfandbrief Act, aligning it with the EU's Covered Bonds Directive. The amendments came into force on July 1, 2021 and July 8, 2022.
Covered bonds are debt instruments secured by a cover pool of mortgage loans (with property as collateral) or public-sector debt to which investors have a preferential claim in the event of default. In covered bonds, dual recourse means that bondholders have two sources of repayment: the issuer of the bond (a bank or building society), and the ...
Types of Covered Bonds. Covered bonds may have different provisions in case their issuer defaults: Hard- bullet covered bonds – These are in default if the issuer fails to make a scheduled payment. Soft- bullet covered bonds – These may postpone the originally scheduled maturity date by up to a year. Conditional pass-through covered bonds ...
Gedeckte Schuldverschreibungen (Covered Bonds) haben eine lange Tradition als sicheres Finanzinstrument und sind auch heute noch ein zentraler Bestandteil der Bankenrefinanzierung in Europa. Worin liegt ihr Erfolg begründet, und wie könnten sich die jüngsten regulatorischen Initiativen an den Märkten für gedeckte Schuldverschreibungen auswirken? Eine neue Studie liefert ein theoretisches ...
