Monoline

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Monoline

A business that only has one competency. For example, a factory that only makes one component part of an oil pump and nothing else may be called a monoline.
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ISDA also examined SEC reports and intends to do a more exhaustive paper on industry losses pertaining to monoline insurance companies in the near future.
With the provisions totaling 63.1 billion yen, ''We have almost completed what we have to do with monoline'' bond insurers, said Masafumi Nakada, Nomura's chief financial officer.
However, there may be a pause in the ILS market because of current problems with monoline insurers who guarantee securities, he told Symposium attendees.
There have been fears that the crisis could raise doubts over the monolines' ability to pay up if bonds defaulted - meaning that banks would face more losses as the value of their bonds would take a fresh hit.
There have been fears that the crisis could raise doubts over the monolines' ability to pay up if bonds defaulted, meaning that banks would face more losses as the value of their bonds would take a fresh hit.
There have been fears that the crisis could raise doubts over the monolines' ability to pay up if the bonds defaulted, meaning that banks would face another host of losses as the value of their bonds would take a fresh hit.
The continuing dislocation of financial markets as well as the economic recession in almost all developed countries, and particularly in the US where the mortgage crisis deepened, meant further difficulties for monolines and other financial institutions," the bank said in a statement.
If monolines -- which cover the risk of defaults on bonds and other securities -- were to lose their triple-A ratings, it would worsen the U.S.
Recently, the currency market has been largely swayed by negative news in connection with monolines and the U.S.
Tadahiko Nashimoto, director at Barclays Bank PLC, said maintaining the ratings for monolines alone would not resolve the U.S.