*Letters

TBMA Submits Comments to the National Association of Insurance Commissioners on Weather Financial Instruments

Published on:
March 22, 2004

The Bond Market Association (TBMA)provides comments to the National Association of Insurance Commissioners on the draft White Paper, “Weather Financial Instrument (Temperature): Insurance or Capital Markets Products.” TBMA’s view is weather derivatives do no constitute insurance products, but rather clearly fall within the purview of capital markets products.

*SIFMA is the product of the Securities Industry Association (SIA) and The Bond Market Association (TBMA) in 2006.

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