Essential Features of Covered Bonds

European Covered Bond Council

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Date Published 2008
Primary Author European Covered Bond Council
Other Authors
Theme Mortgage Bonds


The ECBC sets out below what it considers to be the essential features of covered bonds, together with explanatory notes. It is intended that they to be read independently from any other definition or interpretation of covered bonds, such as those set out in the undertakings for collective investment in transferable securities (UCITS) and paragraph 68, Annex VI of the Banking Consolidation Directive (BCD). These common essential features should be understood as the ECBC’s minimum standards for covered bonds.

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