From the Collaborative Bond and Money Market Data Portal
Covered bonds are debt instruments issued by a bank or mortgage institution and collateralised against a pool of assets that, in case of failure of the issuer, can cover claims at any point of time. They are subject to specific legislation to protect the owners of the bond.
Covered Bonds are different from asset-backed securities in that the covered bond continues as an obligation of the issuer; giving the investor dual recourse against the issuer and the collateral.
In the Collaborative Bond and Money Market Data Model the Covered Bond classification appears as a BOOL value of their Yes or No.
Based on available data, on the 20th of April 2018 the size of the Covered Bond Market was EUR1.97tn equivalent.
For information on the size of the Covered Bond Market, please use CMDportal's Data sheet tool.
For information on the composition of the Covered Bond Market, please CMDportal's Issuer search tool.
For information on active dealers in the Covered Bond Market, please use CMDportal's Dealer search tool.
