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Reuters: SCA defends its terminating Merrill contracts

Started by chris, March 20, 2008, 09:01:03 PM

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chris

SCA defends its terminating Merrill contracts
      


NEW YORK (Reuters) - Security Capital Assurance Ltd  said on Thursday it severed seven credit guarantee contracts with a Merrill Lynch & Co Inc  unit because the investment bank had given key rights promised to SCA under the contracts to at least one other party.
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