Under this principle:

  • The issuer managing the covered bond programme will complete an online application form in which he/she will:
    • Declare its programme's compliance with the Label Convention;
    • Commit, at the time of the submission of the Label application, to disclose:
      • On its own website, on a quarterly basis, accurate and up-to-date information on the covered bond programme's cover pool, based on its relevant National Transparency Template. These templates are developed at the national level, and, in accordance with the "Guidelines for National Transparency Templates", which is intended to act as a convergence tool designed to ensure that the information provided by issuers is relevant, useful, deliverable and comparable;
      • On the Label IT infrastructure, on a monthly basis, accurate and up-to-date information relating to new covered bond issuances from the labelled pool.

  • The Label Secretariat will then review the application for manifest errors or missing information. If no manifest error is found and the application is complete, the Label shall be granted to the covered bond programme for the ongoing calendar year, upon the receipt of the payment of the subscription fees (see the Regulations Governing the Use of the Covered Bond Label here).

  • The Label Secretariat will post the new covered bond programme on a new webpage on the Covered Bond Label's IT infrastructure within 10 working days in order to inform the covered bond market stakeholders. Issuers will then update it with the relevant information on new issuances from the labelled cover pool.

  • All outstanding covered bonds issued from the registered pool prior to the granting of the Label will benefit from the Label provided that (i) the initial registration fee is paid and (ii) the Label IT infrastructure is updated by the issuer with the outstanding issuances from the labelled pool. Only those covered bonds included in the IT infrastructure by the issuer will benefit from the Label.

Issuers

Submit an application form
(programme specific and not issuer specific)

Provide transparency information


Secretariat

Review for manifest errors or missing information


LABEL

National Authorities

Opportunity to raise objections and to request information and/or clarification

Market

Label is granted on an annual basis

Programme register on CBL website

Transparency links and reports published on the CBL website



Start your application

IMPORTANT NOTICES

(i) The Product Information displayed on this Site has been uploaded by the Issuers of the relevant Products. None of the information displayed on this Site shall form the basis of any contract. Any User of this Site will be required to acknowledge that it has not relied on, or been induced to enter into any contract by, any representation or warranty.

(ii) The Covered Bond Label Foundation has not independently verified the Product Information displayed on this Site. Accordingly, no representation, warranty or undertaking, express or implied, is made, and no responsibility is accepted, by the Covered Bond Label Foundation as to or in relation to the accuracy or completeness or otherwise of such Product Information."

(iii) The information provided on or accessible through the Site is not intended for distribution to, or use by, any person or entity in any jurisdiction where such distribution or use would be contrary to local law, or which would subject us or any Issuer, to any authorisation, registration or other requirement within such jurisdiction. You agree not to use or export the information or materials available on or through this Site in violation of laws in your jurisdiction.

TERMS OF USE

SECTION A. INVESTOR T&Cs

1. DIRECTORY SERVICES


2. USE OF MATERIALS


3. LINKS FROM AND TO OUR SITE


SECTION B. ISSUER T&Cs

1. DIRECTORY SERVICES AND LABEL


2. PRODUCTS


3. UPLOADING INFORMATION TO OUR SITE


4. LINKING TO OUR SITE


5. SECURITY


6. DOWNLOADING OF ISSUER PROFILES FROM OUR SITE


SECTION C. GENERAL T&Cs

1. SITE ACCESS


2. INTELLECTUAL PROPERTY


3. SITE CHANGES


4. OUR LIABILITY


5. INFORMATION ABOUT YOU AND VISITS TO OUR SITE


6. VIRUSES, HACKING, OTHER OFFENCES


7. JURISDICTION AND APPLICABLE LAW


8. VARIATIONS


9. CONTACTS


SECTION D. CBFL ACCEPTABLE USE POLICY


1. PROHIBITED USES

You may use the Site for lawful purposes only. You may not use the Site:


You also agree:


2. CONTENT STANDARDS


Information must:


Information must not:


3. SUSPENSION AND TERMINATION

We will determine, at our sole discretion, whether your use of the Site has caused a breach of the Policy. When a breach of the Policy has occurred, we may take such action as we deem reasonable.

Failure to comply with the Policy will constitute a material breach of our Terms of Use upon which you are permitted to use the Site, and may result in us taking any of the following actions:


4. DOWNLOADING AND USE OF INFORMATION FROM OUR SITE


5. CHANGES TO THE POLICY

We may revise the Policy at any time by amending this page. You are expected to check this page from time to time to take notice of any changes we make, as they are legally binding on you. Some of the provisions contained in the Policy may also be superseded by provisions or notices published elsewhere on the Site.

SECTION E. CBFL PRIVACY POLICY


1. INFORMATION COLLECTION AND PROCESSING

We may collect and process the following information about you:


This information may include personal information (such as your name or title) and we will only process such personal information for the purposes set out in paragraph 2 below in accordance with the Belgian DPL


2. INFORMATION USE

We may collect and process your personal information for the following purposes:


If you do not want us to use your information in this way, or to pass your details on to third parties for marketing purposes, you can refuse consent to such processing by ticking the relevant box situated on the form on which we collect your information.

3. TRANSFER AND STORAGE OF PERSONAL INFORMATION


4. SECURITY


5. YOUR RIGHTS


6. CHANGES TO OUR PRIVACY POLICY


7. CONTACT