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Sovereign Wealth Funds Briefing - Categorized | Market

Nigeria: SWF mulls monoline insurance to attract investors

Posted on 12 August 2013

The Nigeria Sovereign Investment Authority (NSIA), statutory fund manager for Nigeria’s sovereign wealth fund (SWF) is working out arrangements for a monoline insurance system that will enhance the credit worthiness of investments and the flows of foreign portfolio and direct investments into the country.
Monoline insurance refers to provision of guarantees against defaults in a financial or investment transaction. It makes use of credit wraps to enhance the creditworthiness of an issuer or an investment project. Credit wrap, a form of financial guarantee, specifically insures a stated well-identified part of a transaction, thus the use of multiple credit wraps to cover as many parts of a transaction that may be required………………………………………..Full Article: Source


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