Depository institutions and must have a pool of assets covering the bonds equal to at least 105% of the face value of the outstanding covered bonds.

Non-bank financial institutions and must have a pool of assets covering the bonds equal to at least 105% of the face value of the outstanding covered bonds.

Depository institutions and must have a pool of assets covering the bonds equal to at least 100% of the face value of the outstanding covered bonds.

Depository institutions and must have a pool of assets covering the bonds equal to at least 103% of the face value of the outstanding covered bonds.