Structured "Covered Bonds" in Argentina

In 1995 Argentina created legislation on securitising mortgages. New structures were developed, which look familiar with the new structured covered bonds in Europe. Hereby Argentinian mortgage law was modified to facilitate the transfer of mortgages - with techniques not unknown to mortgage law in Europe. In this article the background and the legal structure of the Argentinian version of "covered bonds" is shown and it will be discussed, whether they can be qualified as covered bonds. …