Template:Covered bond - FWMD

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Financial Weapons of Mass Destruction®


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Covered bond


The Volvo of ABS. Boxey — but safe.


Docs Prospecti, trust deeds, indentures, fiscal agency arrangements, security documents: Tedious yawnfest. 6
Amendability Low. But little real need. 4
Collateral I got you covered, Virgil. 3
Transferability Pretty good all told. 2
Leverage Nope fully funded. 0
Fright-o-meter Well it's mortgage backed so there's a little squeaky bummism there but basically snoresville. 3