Surety Bonds are an insurance product with which a surety company guarantees the obligations of another entity to a third party. A Guarantee Surety Bond can be used to guarantee customers' deposits in excess of FDIC insurance limits providing the credit quality and security of an A.M. Best, S&P, Moodys rating of A or better. By utilizing this form of securitization, it eliminates the need to monitor and track collateral and avoid the process of having to separetely invest into dozens of banks to accommodate your multi-million dollar investments, while reducing accounting entries and operation costs as you enjoy making one entry and one wire disbursement for each multi-million dollar deposit that would otherwise require multiple entries and transfers.
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