structured covered bond definition

structured covered bond means a covered bond, with the exception of multi cédulas, which is not issued in accordance with the requirements under Article 52(4) of Directive 2009/65/EC of the European Parliament and the Council (1).
structured covered bond means a covered bond, with the exception of multi-cédulas, which is not issued in accordance with the requirements under Article 52(4) of Directive 2009/65/EC;

Related to structured covered bond

  • Adjusted Covered Debt Balance means, on any date, the aggregate Covered Debt Amount on such date minus the aggregate amount of Cash and Cash Equivalents included in the Portfolio Investments held by the Obligors (provided that Cash Collateral for outstanding Letters of Credit shall not be treated as a portion of the Portfolio Investments).