Source: http://www.ecbc.eu/framework/freeCompare/add_filter_framework/42
Timestamp: 2019-04-23 19:09:47+00:00

Document:
(1) Comments: There is a combination of legal framework for bankruptcy of the issuer of covered bonds – Act on banks, amendments (i.e. § 72 (4)) and Act on bankruptcy (i. e. § 8, § 28 (2), § 69, § 176 – 196), amendments.
(2) Comments: Mortgage and municipal loans going beyond the 70 % limit may only be granted on condition that the total amount of claims amount of a mortgage bank overrunning the limit does not exceed 10 percent of the total amount of outstanding mortgage and municipal loans.
(3) Comments: These types of stress scenarios are applied on all banking activities, not separately for coverage calculation.
(4) Comments: It depends on the risk types. Stress test coverage calculations are not applied separately.
(5) Comments: Trustee monitors register of MLs via natural matching, he/she supervises data on ordinary and substitute coverage, i. e.
(6) Comments: It is not required by legislation/regulation, contractual obligation, or by published voluntary commitments. In practise we try to keep coverage of the pools on reguired level (100 %), over it 1 - 2%.
(8) Comments: Although minimum mandatory overcollateralisation is not required, the amounts are protected.
(9) Comments: Monitoring of exposure to market risk and liquidity risk, evaluation of operational risk are realised within whole universal banking activities framework.
(10) Comments: Mortgage Trustee duties are regulated in detail in the Decree of National Bank of Slovakia and Ministry of Finance of Slovak Republic No. 661/2004 Coll., Mortgage register, details on Mortgage Trustee position and his/her activities.
(11) Comments: Derivatives are not permitted in the cover pool.
1: There is a combination of legal framework for bankruptcy of the issuer of covered bonds – Act on banks, amendments (i.e. § 72 (4)) and Act on bankruptcy (i. e. § 8, § 28 (2), § 69, § 176 – 196), amendments.
2: Mortgage and municipal loans going beyond the 70 % limit may only be granted on condition that the total amount of claims amount of a mortgage bank overrunning the limit does not exceed 10 percent of the total amount of outstanding mortgage and municipal loans.
3: These types of stress scenarios are applied on all banking activities, not separately for coverage calculation.
4: It depends on the risk types. Stress test coverage calculations are not applied separately.
5: Trustee monitors register of MLs via natural matching, he/she supervises data on ordinary and substitute coverage, i. e.
6: It is not required by legislation/regulation, contractual obligation, or by published voluntary commitments. In practise we try to keep coverage of the pools on reguired level (100 %), over it 1 - 2%.
8: Although minimum mandatory overcollateralisation is not required, the amounts are protected.
9: Monitoring of exposure to market risk and liquidity risk, evaluation of operational risk are realised within whole universal banking activities framework.
10: Mortgage Trustee duties are regulated in detail in the Decree of National Bank of Slovakia and Ministry of Finance of Slovak Republic No. 661/2004 Coll., Mortgage register, details on Mortgage Trustee position and his/her activities.
11: Derivatives are not permitted in the cover pool.

References: § 72
 § 8
 § 28
 § 69
 § 176
 § 72
 § 8
 § 28
 § 69
 § 176