Evitec Covered Bonds
Evitec Covered Bonds is a core system for cover pool management. Evitec Covered Bonds provides all the core functionalities needed for cover pool management in covered bond business – including automatic and optimized pooling of mortgage loans for issuing and managing covered bonds and an automated credit rating agency, regulatory and business reporting, and analytics.
Evitec Covered Bonds is a core system for a bank issuing covered bonds or for a mortgage loan lender planning to issue covered bonds.
The solution is compatible with the European market; it is compliant with regulatory requirements in the EU area.
The productized solution includes everything from feasibility analysis to the stabilization phase and can be deployed in a cost and time effective way. Our experience covers also applying for a covered bond issuance license. Currently, the Evitec Covered Bonds solution handles almost 50 % of the Finnish covered bond pooling and new issuances.
- Optimized pooling produces a large pool for the bonds – and with better ratings – yielding more funds with lower costs
- Credit rating reports, business and regulatory reports can be generated easily and automatically
- Modern and cloud-based (all major cloud services platforms supported, also on-premises possible) technology can be effortlessly integrated into the core banking system
- Managed application, always compliant with regulatory demands
- Automated process, less manual work
- Skilled administration team with deep understanding of covered bond business
- Lessens customer personnel risk
- Well established system, proven by our customers
- Centralized solution for your business
- Daily automated mortgage loan & collateral pooling
- Cash flow and loan pool quality analysis
- Automated reports for internal and external stakeholders such as rating agencies
- Mortgage bank license requirements are flexibly fulfilled
- Cloud based, built to last with state-of-the-art technology components
- Comprehensive history database of the cover pool, mortgage loans and cashflows for monthly, quarterly and yearly reporting
- Extensive BI reporting as part of the product
- Standard technologies: .NET Core, React, Python, SQL