Covered Bonds (12/15): Mitigating Extension Risk

Covered Bonds (12/15): Mitigating Extension Risk

One of the problems from the popularity of soft-bullet maturities is that in the process of adapting it in different countries, there has been diversity about the finer details. In the final part of his Covered Bond series, Richard looks at how long the extension period should be, what interest rate is applied during the extension and which remedial actions must be taken.

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