Financial Guarantees
Asset-Backed FinanceSecondary Market - Asset-Backed
Secondary Market Insurance for Asset-Backed Financing
For investors in qualifying asset-backed and infrastructure financings, FSA offers convenient, cost-effective secondary-market programs through which they may acquire and upgrade investment-grade securities to meet portfolio credit requirements, obtain greater comfort on positions they want to retain, or increase net proceeds on blocks of securities they plan to sell. Dealers and investors may also increase trading profits or rates of return.
FSA offers three types of secondary-market execution:
- In-portfolio guarantees written directly for the benefit of the investor requesting insurance
- Custody receipts under FSA's Triple-A Guaranteed Secondary Securities (TAGSS®) program, which provide insurance in an easily tradable form
- Insured credit default swaps, which provide credit protection combined with better regulatory capital treatment for certain investors.