... Credit Risk In Mortgage Covered Bonds Overview ■ ■ ■ Asset-liability mismatch is the most important risk for covered bonds, followed by the credit risk that is present in the cover pools Credit risk ... mismatch risk is low, which implies that there is less need to sell assets to honor payment commitments on the covered bonds Therefore, where asset-liability mismatch risk is low, as it is for ... the covered bonds Under our 2009 ALMM criteria for analyzing covered bonds (“Revised Methodology And Assumptions For Assessing Asset-Liability Mismatch Risk In Covered Bonds, ” published Dec 16,...