Hints and tips:
...A surety bond is similar to a bank line of credit and ensures that a party will be able to pay a legal judgment in full in the event that an appeal fails....
...secure bank credit that could then back a surety bond....
...A surety bond serves like a bank letter of credit. It guarantees that a defendant can pay a legal judgment if appeals do not succeed....
...Trump’s legal team said on Monday that the Trump Organization had approached 30 surety companies — including Allianz, Axa, Berkshire Hathaway, Chubb, Munich Re, Swiss Re and Zurich — via four separate brokers...
...They said that in their efforts to secure the larger bond they had approached 30 surety companies — including Allianz, Axa, Berkshire Hathaway, Chubb, Munich Re, Swiss Re and Zurich — via four separate brokers...
...Letitia James’s office suggested that the Los Angeles-based Knight Insurance Group, which had underwritten the bond, might not be authorised to provide a surety in New York state....
...“This obligation is going to be a tough one,” said one surety bond broker. “You don’t just walk in and ask for a bond.”...
...Trump on Friday posted a surety bond to cover a separate $83mn judgment for defaming the writer E Jean Carroll....
...Before New York attorney-general Letitia James more than halved the original bond, Trump’s lawyers said 30 surety companies refused to underwrite such a large amount....
...Unfortunately for Trump, it seems no lenders will provide him with the surety bond to cover his damages....
...then back a surety bond....
...Using high quality bonds or securities as surety creates complicated linkages....
...He took out a $91.6mn surety bond to pay defamation damages to his sexual assault victim, E Jean Carroll....
...That need for surety is bemusing some economists and investors....
...The monetary terms dealt with, Black now turned to surety....
...Overall, global stocks and bonds shed more than $30tn in the worst year for markets since the 2008 financial crisis....
...The sovereign would further agree never to assert such immunity with respect to its debts and, perhaps, bolster that promise with a surety bond equal to, let’s say, 10 per cent of the principal amount....
...The British pound and government bond yields slipped last week after the Bank of England raised interest rates by the most in 27 years to battle surging inflation and warned of a protracted recession....
...Last year, the Financial Times revealed that H2O Asset Management, one such entity, had put more than €1bn of investors’ money into illiquid bonds linked to Lars Windhorst, a controversial German financier...
...The fate of this crucial insurance cover will rest, in part, on the practices of a small, Sydney-based credit underwriting firm, The Bond & Credit Co....
...Earlier this month the company agreed with the insurer and the writers of other surety bonds to resolve about $800m in collateral requests....
...Euler, Coface and Atradius make up about three-quarters of this market segment, according to the International Credit Insurance & Surety Association....
...Were this a surety, it would have happened already, of course....
...That surety bond will pay in full the notes our fund owns when Windstream loses the appeal. We are happy to take the surety company’s credit over Windstream’s.”...
...It has paid more than $268.3m in cash deposits to landlords and used another $183.9m of surety bonds, a form of insurance....
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