Covered frameworks using SPVs clearer and safer for bondholders, says Fitch
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Covered Bonds

Covered frameworks using SPVs clearer and safer for bondholders, says Fitch

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Covered bond issuers using programmes containing a special purpose vehicle (SPV) have more guidance on the treatment of bad loans and protect bondholders further compared with those using integrated templates, Fitch said this week when assessing the risk coronavirus era mortgage payment holidays pose to the asset class.

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