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CDP is contractually obliged to disclose information on the cover pool (including details of any loans in arrears or no longer eligible), as well as the results of the Asset and Cash Flow Coverage Test to the representative of Covered Bondholders and rating agencies on a regular basis.
CDP produces the following reports:
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Due Claims Report. It contains information on the amounts due by the relevant debtors on each Loan Payment Date. It is provided twice a year, on 30 June and 31 December.
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CDP Report. It contains information on any discrepancy between the amounts due and the amounts actually paid by the relevant debtors on each Loan Payment Date. It is provided twice a year, on 30 April and 30 October.
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Quarterly Report. It contains information on any changes that have occurred since the previous Quarterly Portfolio Report in the cover pool. It specifies the assets which have been added as well as those which have been excluded, the characteristics and details of any restructured loan, any "dissesto" loan and those of any loan in arrears. It is provided on a quarterly basis, on 30 April and 30 October (together with the CDP Report) and on 10 February and 10 August.
CDP also provides information on the Portfolio Eligibility Criteria when communicating Programme Calculation Agent and other interested parties the relevant data for the purpose of calculating the ACFCT.
Furthermore, at any issuance of a new series of Covered Bonds or any other circumstance when a rating confirmation is required, a complete set of information on the cover pool is provided to rating agencies to perform their cash flow analysis.
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