Sentences with phrase «default insurance contracts»

The extent of these default insurance contracts is often mentioned in the media as being in the 50 trillion [with a «t»] range.

Geithner and Obama warned that if Greek bondholders were not paid in full, some giant U.S. banks would lose heavily on the default insurance contracts and derivatives they had written, and their losses could spread «contagion» to Europe.

Not exact matches

Credit default swaps are like an insurance contract.

According to data provided by CMA DataVision, the credit specialists, the 10 - year credit default swap spread — a form of insurance contract against issuer default — has risen steadily — from 1.6 basis points (0.016 %) in July 2007, to 16 basis points in March 2008, to 30 basis points in September, to over 40 basis points on October 27 — see the chart below for the spread history so far this year.

Additionally, for some loans, you may be in default if you failed to maintain car insurance or meet another requirement as stipulated in the contract you originally signed.

Mortgage Insurance A contract that insures the lender against loss caused by a mortgagor's default on a government mortgage or conventional mortgage.

Credit default swaps are insurance - like contracts that promise to cover losses on certain securities in the event of a default.

In contrast, our insured credit default swap contracts do not contain the typical CDS market standard features as described above but have been customized to replicate our financial guarantee insurance policies.

The insurance operations, which represent the majority of the Company's notional derivative exposure, have insured derivatives primarily consisting of structured pools of credit default swaps that the Company intends to hold for the entire term of the contract.

If I remember correctly, in the absence of mortgage insurance, my name will forever be associated with that mortgage contract, even if it's been transferred — if the new buyer defaults, they could come after me.

To reduce the indirect effects of such receivership on other institutions, it would be helpful to legislate a restriction on the use of credit default swaps (essentially insurance contracts against the failure of a company's bonds), requiring that such swaps may be used for bona - fide hedging purposes only.

Insurance contracts are always valued at book value, unless in default, which we saw a little of in the early 90s.

Instead, they called it a «credit default swap,» and argued it was not really insurance, but a «forward contract» between two private parties.

This type of insurance provides unique benefits when compared to a traditional default process, that will normally require litigation and delays that will significantly affect contract schedule.

Check with your loan or lease provider before making any changes to your auto insurance policy to avoid defaulting on your contract.

In eConned, Yves Smith argues that credit default swaps were / are used to take out insurance - like contracts against financial products in which buyers had no insurable interest.

Mortgage Insurance A contract that insures the lender against loss caused by a mortgagor's default on a government mortgage or conventional mortgage.

If Purchaser is not in default under the terms of the contract, Seller shall pay for Purchaser's account the taxes, special assessments and insurance premiums mentioned above when due and before any penalty attaches, and submit receipts therefore to Purchaser upon demand.