Cover Risk? Choose Covered Bonds. Discover Value? Choose ABS. |
| March 15, 2016 | March 2016 Bond Updates |
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From the perspective of traditional corporate finance, covered bonds (CBs) and asset-backed securities (ABS) may seem like siblings, where CBs have all the good genes. But from an ABS perspective, specie differences as big as those between Neanderthals and humans exist between the two markets; and safety is in the eye of the beholder. The differences begin with beliefs about the balance sheet. |
| View more at: http://www.forbes.com/sites/annrutledge/2016/03/14/want-enhancement-choose-covered-bonds-want-precision-choose-abs/ |