Formerly CM-CIC Covered Bonds
Crédit Mutuel Home Loan SFH is registered as a limited liability company and duly licensed to act as a credit institution with a limited purpose, approved by the Autorité de Contrôle Prudenciel (ACPR) on June 6th, 2011.
A 99.9% subsidiary of the BFCM Group, its sole activity is to finance the residential real-estate lending activity loans for Crédit Mutuel Home Loan SFH will benefit from the new legal framework (SFH) which has been approved by French Parliament in October 2010 (Bankruptcy law, UCITS 22.4 compliance).
Since July 22, Crédit Mutuel Home Loan SFH has been authorized by the ACPR to use the high-quality European covered bond label mentioned in Article L.513-26-1 II of the French Monetary and Financial Code for issues made under its covered bond program.
Structure Overview Crédit Mutuel Home Loan SFH program
- Full recourse of the Issuer
- Covered Bonds backed by direct
security over the Cover Pool
- Asset monitoring including Asset
Coverage Test and Amortisation Test
- Alexandre Saada
- Eric Cuzzucoli
- Eric Platiau
Represented by Sandy Faure