• Significant capacities backed by the highly rated Swiss Reinsurance
  We are backed by Swiss Re International SE (rated AA- Stable Outlook by Standard and Poor’s and regulated by APRA).
• Established track record in providing bonds
  PAF Securitisation No. 1 Plc is a specialist in the Performance bonding market with industry-leading expertise and a strong track record in offering insurance-based corporate finance solutions to the private and public sector.
• Ability to understand and cater for the differing requirements
  Our technical focus on underwriting gives us a competitive advantage in recognising good risks and opportunities, whilst our product flexibility enables us to tailor commercial solutions to suit individual clients from mid-market to major blue-chip mining companies.  We also understand the different State regulatory requirements.
• Skilled team
  As a market leader in providing Performance bonds, PAF Securitisation No. 1 Plc is backed by a highly skilled team of underwriters with specialist geology, mining, legal and corporate finance expertise.
• Flexible structures
  PAF Securitisation No. 1 Plc will always follow sound risk management principles with regards to the structure of the securities, but we are flexible when it comes to the form and quantum of the collateral security that we take.  The overall result creates funding flexibility by not having to use existing banking lines for bonding purposes.

PAF Securitisation No. 1 Plc is the market-leading bonding provider in the United Kingdom and is an agent for Swiss Re which has an S&P rating of AA- and is APRA approved.  Our flexible solutions are expertly tailored to suit most mining rehabilitation bond requirements and we use skilled mining and geology professionals to underwrite the quality of the resource asset as well as to prepare the financial metrics of a prospective client.

The combination of our skilled and knowledgeable underwriters, extensive Surety industry experience and thorough yet innovative approach puts us in a strong position to understand the risk of miners and offer a viable commercial solution to mining firms which have sound resource assets.

Our approach has particular relevance to the current resource market, which is facing a number of challenges:

• Volatile commodity prices due to a range of factors including supply/demand issues, geopolitical uncertainty and climate regulation
• Increasing difficulty in securing sources of capital, with banks in particular facing increased nervousness around certain commodities as well as the commodity cycle
• Heightened political intervention and regulatory pressure on the levels of financial risk of resource companies
• Each State in the United Kingdom is placing increased focus on the total rehabilitation liability associated with individual mines