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Covered bond: Difference between revisions
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Under a covered bond, assets remain on the balance sheet of the financial institution. Under [[asset-backed security|asset-backed securities]] the financial instrument transfers them to an [[espievie]] and so gets them off balance sheet altogether. This means if defaults in the asset pool are higher than anticipated, the ABS holder wears the losses. In the case of the covered bond, the Issuer still has to pay. | Under a covered bond, assets remain on the balance sheet of the financial institution. Under [[asset-backed security|asset-backed securities]] the financial instrument transfers them to an [[espievie]] and so gets them off balance sheet altogether. This means if defaults in the asset pool are higher than anticipated, the ABS holder wears the losses. In the case of the covered bond, the Issuer still has to pay. | ||
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*[[Financial weapons of mass destruction]] | |||