; (B) any credit enhancement or liquidity arrangement associated with 1 or more eligible assets, substitute assets, or other assets in a cover pool; (C) any guarantee, letter-of-credit right, or other secondary obligation that supports any payment or performance of 1 or more eligible assets, substitute assets, or other assets in a cover pool; and (D) any proceeds of, or other property incident to, 1 or more eligible assets, substitute assets, or other assets in a cover pool. (2) Corporation The term Corporation means the Federal Deposit Insurance Corporation. (3) Cover pool The term cover pool means a dynamic pool of assets that is comprised of— (A) in the case of any eligible issuer described in subparagraph (A), (B), or (C) of paragraph (9)— (i) 1 or more eligible assets from a single eligible asset class; and (ii) 1 or more substitute assets or ancillary assets; and (B) in the case of any eligible issuer described in paragraph (9)(D)— (i) the covered bonds issued by each sponsoring eligible issuer; and (ii) 1 or more substitute assets or ancillary assets. (4) Covered bond The term covered bond means any recourse debt obligation of an eligible issuer that— (A) has an original term to maturity of not less than 1 year; (B) is secured by a perfected security interest in or other perfected lien on a cover pool that is owned directly or indirectly by the issuer of the obligation; (C) is issued under a covered bond program that has been approved by the applicable covered bond regulator; (D) is identified in a register of covered bonds that is maintained by the Secretary