Covered Bond

Covered Bond
   A bond which has other financial instruments, such as mortgage loans, pledged as security against default.

Financial and business terms. 2012.

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  • 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… …   Wikipedia

  • covered bond — International debt securities (debt security), generally issued by banks and other regulated credit institutions and backed by a pool of assets (the cover pool) typically comprising mortgages or public sector loans originated and managed (that is …   Law dictionary

  • Covered Bond — Securities created from public sector loans or mortgage loans where the security is backed by a separate group of loans. Covered bonds typically carry a 2 10 year maturity rate and enjoy relatively high credit ratings, depending on the quality of …   Investment dictionary

  • Covered Bond — Ein Pfandbrief ist eine von einer Pfandbriefbank ausgegebene Anleihe. Der Pfandbrief zeichnet sich dadurch aus, dass dem Investor neben der Bonität der emittierenden Bank im Fall einer Insolvenz dieser Bank zusätzlich eine sogenannte… …   Deutsch Wikipedia

  • Covered bond — Titrisation La titrisation est une technique financière qui consiste classiquement à transférer à des investisseurs des actifs financiers tels que des créances (par exemple des factures émises non soldées, ou des prêts en cours), en transformant… …   Wikipédia en Français

  • European Covered Bond Council — The European Covered Bond Council (ECBC) is a platform for covered bond market participants which brings together covered bond issuers, analysts, investment bankers, rating agencies and a wide range of interested market participants.The ECBC was… …   Wikipedia

  • Bond insurance — (also known as financial guaranty insurance ) is a type of insurance whereby an insurance company guarantees scheduled payments of interest and principal on a bond or other security in the event of a payment default by the issuer of the bond or… …   Wikipedia

  • Bond — (b[o^]nd), n. [The same word as band. Cf. {Band}, {Bend}.] 1. That which binds, ties, fastens, or confines, or by which anything is fastened or bound, as a cord, chain, etc.; a band; a ligament; a shackle or a manacle. [1913 Webster] Gnawing with …   The Collaborative International Dictionary of English

  • Bond creditor — Bond Bond (b[o^]nd), n. [The same word as band. Cf. {Band}, {Bend}.] 1. That which binds, ties, fastens, or confines, or by which anything is fastened or bound, as a cord, chain, etc.; a band; a ligament; a shackle or a manacle. [1913 Webster]… …   The Collaborative International Dictionary of English

  • Bond debt — Bond Bond (b[o^]nd), n. [The same word as band. Cf. {Band}, {Bend}.] 1. That which binds, ties, fastens, or confines, or by which anything is fastened or bound, as a cord, chain, etc.; a band; a ligament; a shackle or a manacle. [1913 Webster]… …   The Collaborative International Dictionary of English

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