Template:Covered bond - FWMD

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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