Introduction
- A société de crédit foncier is a French credit institution authorized by the Autorité de contrôle prudentiel to operate as a specialized financial company.
- The main purpose of the company is the financing or refinancing of loans and securities. See article L.515-13 and following of the Monetary and Financial Code.
- According to its by-laws and the licence: Authorization of the CECEI, Dexia Municipal Agency must limit its activity to transactions with public sector entities or entities they fully guarantee.
- SCF issues covered bonds called obligations foncières which benefit from a legal privilege. See article L.515-19.
Relevant legislation
Legislative texts
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