Covered Bond Structuring Alternatives
There are several different ways to structure covered bonds. In this video, Richard covers the main structures, their implications and why they might be the best option in any given country.
Overview
There are 4 key structures of covered bonds. All of the models outlined below achieve similar rating uplifts, legally robust segregation, management of assets in insolvency and produce bonds that investors are equally happy to buy – which is used depending on the local legal environment amongst other variables.
Key learning objectives:
Be able to identify and define each key structure
Explain how they work
Discuss key considerations and implications of each model
Summary
Expert
Richard Kemmish
Richard is a consultant working mainly in the covered bond market. He helps Finance Ministries and Central Banks in countries without covered bond laws to put legal frameworks in place. He has also helped the European Commission with their legislative agenda for covered bonds and related products.
08:32
07:41
