This chart presents the premiums associated
with various types of forward delivery transactions. The
top matrix outlines projected premiums to be added to the
insured MMD scale when an issuer uses a forward delivery
fixed rate bond deal. The lower matrix presents premiums
that would be added to the BMA swap rates if the issuer
were to use a forward-starting BMA swap to lock in its borrowing
costs ahead of a bond issuance.
MMD: Municipal Market Data
BMA: Bond Market Association
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