Covered Bond
Covered bonds are debt securities backed by cash flows from mortgages or public sector loans. They are similar in many ways to asset-backed securities created in securitization, but covered bond assets remain on the issuer’s consolidated balance sheet. However, there exist other variable types where assets come off Balance Sheet.
Read more about Covered Bond: Detailed Explanation, History, USA, New Zealand, Australia
Famous quotes containing the words covered and/or bond:
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—Bible: New Testament, Ephesians 4:1-3.