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MBIA Inc. Message Board

  • kkwon kkwon May 6, 2013 4:14 PM Flag

    To me the best part of the deal is the following:

    Bank of America and MBIA have also agreed to the commutation of all of the MBIA Corp. policies held by Bank of America, which have a notional insured amount of ~$7.4 bln, and of which $6.1 bln are policies insuring credit default swaps held by Bank of America referencing commercial real estate exposures. MBIA Corp. will have no further payment obligations under the commuted policies.

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