Guarantee Type Credit Enhancement Structures

[Community Development Banking List]

Original message from: ayton@cdsofi.org

I am cataloging credit enhancement or risk reduction structures such as guarantees, cash deposits, and letters of credit that have been used to facilitate lending and investment. If you have direct experience with these transactions as an issuer, beneficiary, or recipient, I would appreciate a brief description of the structure, how it was analyzed, and how it performed.

Thank you and happy holidays.

Rupert Ayton Center for the Development of Social Finance PMB 168 6327 SW Capitol Hwy, Suite C Portland, OR 97239 503-333-2275 mobile

[Community Development Banking List]

Original message from: scottreznick@comcast.net

These are two reports we did for the U.S. Economic Development
Administration about a decade ago in which we created credit enhanced
structured securities for municipal infrastructure bonds and pools of
business development loans. Both structures were designed to be rated
investment grade. The reports are old, but the structures aren't.



Defense Adjustment Infrastructure Bonds: Credit Enhancement Grants Make
Affordable Capital Available


www.eda.gov/ImageCache/EDAPublic/documents/pdfdocs/1g3_5f6_5fdefenseadj_2epd
f/v1/1g3_5f6_5fdefenseadj.pdf



Loan Sales and Securitization for Revolving Loan Funds

www.nado.org/loansales



I'd be happy to answer questions if the structures prove helpful.



Happy Holidays.



Scott Reznick

609-361-7637

<mailto:scottreznick@comcast.net> scottreznick@comcast.net







-----Original Message-----
From: bounce-7605366-4991554@list.cornell.edu
[mailto:bounce-7605366-4991554@list.cornell.edu] On Behalf Of Rupert Ayton
Sent: Thursday, December 23, 2010 3:54 PM
To: communitydevelopmentbanking-l@cornell.edu
Subject: Guarantee Type Credit Enhancement Structures



I am cataloging credit enhancement or risk reduction structures such as
guarantees, cash deposits, and letters of credit that have been used to
facilitate lending and investment. If you have direct experience with these
transactions as an issuer, beneficiary, or recipient, I would appreciate a
brief description of the structure, how it was analyzed, and how it
performed.



Thank you and happy holidays.



Rupert Ayton Center for the Development of Social Finance PMB 168 6327 SW
Capitol Hwy, Suite C Portland, OR 97239 503-333-2275 mobile