Covered bond: Difference between revisions

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	{{fwmdt\|Covered ~~bonds~~}}		{{fwmdt\|Covered bond}}
	[[Covered bond]]s are [[Debt security\|debt securities]] issued by a financial institution and [[secured]] against a pool of assets designed to cover bondholder claims at any point of time. The assets stay on the bank’s balance sheet but, by dint of the security arrangements in favour of bondholders, are preferred claims in the insolvency of the issuer. They are excluded from the ravages of {{tag\|BRRD}}, among other things (see [https://eba.europa.eu/regulation-and-policy/single-rulebook/interactive-single-rulebook/-/interactive-single-rulebook/toc/2602/article-id/2920 Art 44(2)]).		[[Covered bond]]s are [[Debt security\|debt securities]] issued by a financial institution and [[secured]] against a pool of assets designed to cover bondholder claims at any point of time. The assets stay on the bank’s balance sheet but, by dint of the security arrangements in favour of bondholders, are preferred claims in the insolvency of the issuer. They are excluded from the ravages of {{tag\|BRRD}}, among other things (see [https://eba.europa.eu/regulation-and-policy/single-rulebook/interactive-single-rulebook/-/interactive-single-rulebook/toc/2602/article-id/2920 Art 44(2)]).