Midori Ltd.

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Midori Ltd. - At a glance:

• Issuer / SPV: Midori Ltd.
• Cedent / Sponsor: East Japan Railway Company
• Placement / structuring agent/s: Aon Capital Markets acted as the placement agent in the US and was mandated by Munich Re, which performed structuring, arrangement and placement in Europe.
• Risk modelling / calculation agents etc: EQECAT
• Risks / Perils covered: Japan earthquake
• Size: $260m
• Trigger type: Parametric
• Ratings: ?
• Date of issue: Oct 2007

Midori Ltd. - Full details

This deal covers the East Japan Railway Company against earthquake risks and business interruption. Utilises a parametric trigger.