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| Structured Finance Overview |
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As one of the largest worldwide
financial guarantors of structured
financings, MBIA provides credit
enhancement for a wide variety
of asset classes. With offices
in North America, Europe, Asia
and Australia, MBIA has established
resources around the world providing
securitizations and bond insurance
for the world's leading specialty
finance companies, commercial
banks, insurance companies and
investment banks. MBIA's guarantee
is an unconditional and irrevocable
guarantee of the payment of
the principal and interest on
insured obligations when due
or when MBIA has the right to
accelerate.
As
noted in the Letter
to Owners dated February
25, 2008, MBIA suspended the
writing of all new structured
finance business in order to
both increase capital safety
margins and allow the Company
to evolve and revise its credit
appetite for the future.
For issuers:
•
Provides protection against
issuer default and downgrade
risk
• Lowers borrowing costs
by reducing interest rates
• Broadens range of investors
• Simplifies credit structure
for complex bond issues
• Provides greater access
to the capital markets
For
investors:
•
Provides protection against
issuer default and downgrade
risk
• Enhances liquidity for
secondary market trading
• Simplifies risk assessment
For
more information on our transactions,
click
here to view the Structured
Finance Insured Portfolio.
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