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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 global product knowledge,
local expertise, capital strength
and performance make the Company
an industry leader, offering dedicated
services worldwide. 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 our Letter
to Owners dated February 25,
2008, MBIA will suspend for an
estimated six months the writing
of all new structured finance
business in order to both increase
capital safety margins and allow
us to evolve and revise our 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
• Offers price protection
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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