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A covered bond is a corporate bond with one important enhancement: ... Examples of possible triggers within the soft bullet and CPT structures include (i) the issuer ...
In U.S. law, a covered security may refer to two categories of securities: Under The National Securities Markets Improvement Act of 1996 , as codified in Section 18 of the Securities Act of 1933, a "covered security" enjoys certain preemption rights as described below, and includes more than one category of security.
Covered warrants: A covered warrant is a warrant that has some underlying backing, for example the issuer will purchase the stock beforehand or will use other instruments to cover the option. Basket warrants: As with a regular equity index, warrants can be classified at, for example, an industry level. Thus, it mirrors the performance of the ...
COBOL determines expected loss as (1) a function of the probability that the issuer will cease making payments under the covered bonds (such cessation, a CB anchor event); and (2) the estimated ...
The covered bonds will also be secured by a pool of residential mortgage loans originated by MBL and eligible substitution assets, collectively referred to as the cover pool.Issuer: Macquarie Bank ...
The Pfandbrief (plural: Pfandbriefe), a mostly triple-A rated German bank debenture, has become the blueprint of many covered bond models in Europe and beyond. The Pfandbrief is collateralized by long-term assets such as property mortgages or public sector loans as stipulated in the Pfandbrief Act.
Say for example, 3 hurricanes and 1 earthquake all affect the covered area for a catastrophe bond. Each hurricane does $20 billion in damages and the earthquake does $40 billion. In this case, if the attachment of the note was set to $90 billion, the bond would pay out as the sum of the insured losses are $100 billion = 20 + 20 + 20 + 40.
According to Speakes Collins, the department spokeswoman, earlier this year the agency began conducting more inspections and more frequent interviews with youth across the system in an effort to pinpoint programs with a high incidence of violence and to discover whether problems are being covered up.