Assured Guaranty to Offer Bond Insurance Through Electronic Trading Platform

Bond insurer Assured Guaranty Municipal Corp. (AGM) has formed an agreement with TheMuniCenter (TMC) for AGM to offer real-time quotes and electronic execution of its bond insurance on secondary market trades. Initially, AGM has listed approximately 5,000 approved municipal credits for its insurance and will add additional names as new issues become available for trading.

Registered users of TMC’s electronic trading platform can get AGM bond insurance quotes by entering the CUSIP number of bonds they want to insure. AGM insurance will be available for trades with a minimum par amount of $100,000.

AGM provides financial guaranty insurance exclusively for U.S. municipal bonds and international infrastructure financings. It applies its credit underwriting capabilities, risk management skills and capital markets experience to develop insurance and credit enhancement products. Formerly known as Financial Security Assurance Inc. (FSA), AGM became a member of the Assured Guaranty family of companies in July 2009, when Assured Guaranty Ltd. acquired its holding company.