Bond Issuance
- Check the type of risk to be secured by a product
- Before product selection, risk type should be checked to review what will be the loss incurring from the Principal’s default, and to what degree the loss will be secured.
- Check to see if the bond amount is appropriate
- Bond amount and period are determined by taking into account the economic efficiency of the Principal and Obligee. Bond amount, therefore, should be checked to see if it is enough to secure a loss.
- Check the following factors that determine bond premium
- Premium rates vary depending on factors such as risk type, range of loss, bond amount and period, and claim payment criteria and method.
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