*Letters

TBMA Submits Comments to the New York State Department of Insurance on the Definition and Treatment of Hybrid Securities

Published on:
January 1, 2001

The Bond Market Association (TBMA)*provides comments to the New York State Department of Insurance on the definition and treatment of hybrid securities, 8/18 New 2006 Hybrid Scenarios. TBMA submits a proposal that would serve as an interim solution applicable only for 2006, and clarifies it should not be considered as a long-term solution.

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

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