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| Structured Finance Secondary
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In the secondary market, MBIA provides credit enhancement through two programs - RAPSS (Rapid Asset Protection for Secondary Securities) which unconditionally guarantees the payment of principal and interest on an individual security or class of securities traded in the secondary market and our Platform
Insurance program which enables an investor to insure a specific portfolio of bonds.
RAPSS Benefits:
• Unconditional guarantee of principal and interest
• Eliminates or mitigates single exposure constraints
• Rule 2 (a) 7 relief
• Rating agency diversification rules can be accomplished
Portfolio Insurance Benefits:
• A “while-in-trust” policy for a specific portfolio
• Policies can include a combination of asset types
• Portfolio values range from $1 billion to $20 billion
• Virtually eliminates downgrade and market volatility risk
• Guarantees current interest and ultimate principal
For more information on how MBIA can help you lower the cost and improve the overall execution of your next transaction, please contact us. |
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Copyright ©2007 MBIA INC. |
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