Market professionals who are members of TheMuniCenter (TMC) can now buy AGM secondary-market bond insurance online. Approximately 5,000 pre-approved credits are already eligible for single-click, real-time access to AGM insurance over TMC’s electronic trading platform, and we continue to expand the pre-approved list.
AGM insurance is available on this platform for any pre-approved name that trades over TMC, or for pre-approved credits that TMC members already hold, in minimum par amounts of $100,000. If insurance is available for a bond traded on TMC, it will be indicated on the TMC screen, and members can also search for specific issues by CUSIP.
Trading on TMC is anonymous, with TMC the counterparty on every trade. Founded in 2000 by major financial institutions, TMC counts among its owners units of Citigroup, Bank of America and Morgan Stanley, as well as Assured Guaranty. For more information about TMC, visit themunicenter.com.
In addition to our TMC program, our secondary market desk provides telephone quotes for larger transactions.