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docs(security): add collateralization ratio docs
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---
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layout: property
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title: "collateralization_ratio"
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schemas: [security]
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---
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# collateralization_ratio
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---
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Collateralization compares the value of cover pool assets to the value of covered bonds, on
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nominal or net present value basis, depending on the credit rating agency and the issuer. Committed
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overcollateralization is the overcollateralization that the issuer is required to maintain, either based
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on the covered bond legal framework or the contractual obligation. Unit: % (of covered bonds).
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See [ECB Working Paper No 2393](https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2393~f0796c2019.en.pdf)

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