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Programme Comparison. Dutch covered bond issuers use the same covered bond programme , however, they differ on a number of aspects:. 1) The programme documentation includes a minimum nominal collateralisation of 115% which relates to 1/115 = 87.0%
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Programme Comparison Dutch covered bond issuers use the same covered bond programme, however, they differ on a number of aspects: 1) The programme documentation includes a minimum nominal collateralisation of 115% which relates to 1/115 = 87.0% 2) The programme has the option to issue soft bullet bonds 3) The programme has the option to issue hard bullet bonds