In accordance with article L.515-13.I.1, as a société de crédit foncier, the sole object of Dexia Municipal Agency can only be “ to consent or acquire secured loans, exposures on public sector entities and securities and bonds as defined in articles L.515-14 to L.515-17”. It should be noted that articles L.515-14 and L.515-16-1 related to mortgages are specifically excluded from the scope of Dexia MA by its by-laws and its authorization by the CECEI. Exposures that do not respect these definitions are not eligible to Dexia MA’s cover pool.
Dexia MA’s eligible assets are defined by articles.