A primer on one of Europe's strongest funding tools
03/03/2010
Covered bonds have been a mainstay of European asset-based funding for centuries, but they are still little-known in the U.S. Here are the ten most important things to understand:
“How are investors protected under the U.S. covered bond structure?”
“Why hasn’t the covered bond market developed in the United States the way it has in Europe?”
In this 19 page document, lawyers Anna T. Pinedo and Melissa D. Beck of Morrison & Foerster, LLP have done an outstanding job of tackling 50 basic questions to get you started on the topic of covered bonds.
