Examples of Monoline in a sentence
Tables D—Loans Securitized with Monoline InsuranceInclude loans packaged into a securitization and wrapped with monoline insurance.
Tables E—Loans Securitized without Monoline InsuranceInclude loans packaged into a securitization but not wrapped with monoline insurance; Tables F—Whole Loans SoldInclude loans sold as whole loans to parties other than Fannie Mae or Freddie Mac, even if the whole loans were subsequently sold to Fannie Mae or Freddie Mac.
Details must also be disclosed of any guarantor’s power of veto in relation to changes to the security holder’s rights, such as is often found in Mono-line Insurance.
The Company, if required, secures its reinsurance obligations to these Legacy Monoline Insurers, typically by depositing in trust assets with a market value equal to its assumed liabilities calculated on a U.S. statutory basis.
Monoline Insurer Reference Entity: Any Reference Entity determined in good faith and a commercially reasonable manner by the Calculation Agent to carry on the business of a monoline insurance company (or to be a holding company thereof).
The “Additional Provisions for Monoline Insurer Reference Entities”, published by the International Swaps and Derivatives Association, Inc.
Monoline insurance is a form of credit enhancement that involves purchasing insurance to cover losses from any defaults.
In the case of a Reference Entity in respect of which “2005 Monoline Supplement” is specified in the relevant Standard as being applicable, for the purposes of Sections 4.7(a), 4.7(b) and 4.9, the term Obligation shall be deemed to include Insured Instruments for which the Reference Entity is acting as provider of a Qualifying Policy.
The “Additional Provisions for Physically Settled Default Swaps – Monoline Insurer as Reference Entity”, published on January 21, 2005, are incorporated by reference herein and shall be applicable to each Reference Entity that is identified as a “monoline” in the Index and for which the monoline provisions are specified as “Applicable” in the Relevant Annex.
The "Additional Provisions for Physically Settled Default Swaps – Monoline Insurer as Reference Entity", published by the International Swaps and Derivatives Association, Inc.