We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
A Proposal for the Development of Municipal Bond Portfolio Insurance.
- Authors
Nemecek, Jeffrey A.
- Abstract
This article sets forth a conceptual exploration of municipal bond portfolio insurance, proposed to be developed as an alternative insurance paradigm to traditional municipal bond insurance for single bond issues. The article describes bond insurance as the existing paradigm of insurance credit enhancement and then explores municipal bond portfolio insurance as an alternative paradigm, including suggestions for the structuring of portfolio insurance, the operation of portfolio insurance, the relationship between the portfolio insurer and the portfolio manager, the structuring of the duration of portfolio insurance and its relation to associated risks of default, and the structuring of insurance premiums and fees for portfolio insurance.
- Subjects
MUNICIPAL bonds; MUNICIPAL finance; BOND insurance; PORTFOLIO management (Investments); BOND funds
- Publication
Municipal Finance Journal, 2003, Vol 24, Issue 3, p1
- ISSN
0199-6134
- Publication type
Article