Funded through issuance of
Elegant on the outside.
Powerful on the inside.
FlexGIA™ enables institutions to fulfill three fundamental stewardship responsibilities:
Protect what we own.
(Portfolio Diversification Series)
Protect what we are building.
(PAR+™ Series)
Help build what comes next.
(Opportunity Innovation Series)
FlexGIA™ is a form of high quality, short duration, floating rate debt obligation issued by special purpose insurance companies, each an IAC™ Insurer. Each payment of interest and repayment of principal is backed by US government obligations, or other government obligations designated in acceptable currencies. FlexGIA™ is engineered for high credit quality and risk mitigation.
Stewardship of Institutional Investments
Preserve and strengthen long-term investment strategies.
Portfolio Diversification Series.
Stewardship of Enterprise Resilience
Increase the enterprise's ability to adapt and respond.
PAR+™ Series.
Stewardship of Community Opportunity
Create Future Community Opportunities
Opportunity Innovation Series.
Together, these three stewardship responsibilities form a coordinated institutional framework for preserving long-term investments, strengthening enterprise resilience, and creating future community opportunities. FlexGIA™ provides the long-duration financial architecture that supports each of them.
Beyond high credit quality and floating-rate income, FlexGIA™ has been engineered to address many of the challenges faced by institutional investors, including interest-rate volatility, carrying value stability, enterprise resilience, and long-duration stewardship.
Portfolio Diversification
FlexGIA™ enables institutions to transform selected long-term investment strategies into high-quality floating-rate debt obligations…
Strategy Transformation - FlexGIA™ enable transformation of myriad asset strategies into high quality floating rate debt obligations, the interest on and repayment of Principal of which are fully backed by US Treasury | Agency obligations, with no timing or currency risk. This unique debt instrument is designed to mitigate market value risk, credit risk, operations risk, systemic risk and re-hypothecation risk exposures.
A portfolio of FlexGIA™ Reference Series enables institutions to diversify long-term investment strategies across cash-flow timing, interest-crediting profiles, repayment characteristics and prepayment behavior while maintaining the highest credit quality.
Each FlexGIA™ Series in a portfolio is designed to create short duration, floating rate, US Treasury | Agency credit quality, with risk-adjusted returns emulating investment grade debt obligations, with risk-based capital similar to US Treasury and Agency debt obligations for depository institutions, insurance companies and other regulated institutional participants.
Traditional portfolio diversification focuses on what institutions own. Portfolio Diversification Series extend that discipline by diversifying how long-term investment strategies behave through time.
Periodic interest rate revenues of Reference Series of FlexGIA™ and prepayments may benefit from portfolio diversification through positions in mutliple FlexGIA™ Reference Series.
A portfolio of FlexGIA™ Reference Series provides diversification not only across investment strategies, but also across interest-crediting profiles, cash-flow timing, repayment characteristics and “look-back make-whole” prepayment structures.
Enterprise resilience is strengthened through the disciplined stewardship of institutional risk capacity.
Leading enterprises continually expand their ability to respond to changing business conditions by combining high-credit-quality financial assets with carefully governed financial guaranty, insurance, funding and other risk mitigation resources.
PAR+™ is a bespoke institutional risk capacity program. Through FlexGIA™, Financial Guaranty and Insurance Policy Forms, participating enterprises may establish high-credit-quality institutional assets while accessing governed risk capacity designed to support a broad range of financial guaranty, insurance and other enterprise risk mitigation objectives.
Each PAR+™ Series is engineered around the specific balance sheet, income statement and enterprise risk management objectives of its participants. The resulting architecture complements existing capital management, investment management and enterprise risk management strategies while creating a disciplined framework for long-term institutional risk capacity.
PAR+ - Bespoke Reference Series
Reference Series with bespoke terms may be requested by institutional and governmental participants from applicable IAC™ Insurers on a "reverse enquiry" basis. Interest payments and Principal repayment of these 30 year, floating rate, high quality debt obligations are fully backed by US Treasury | Agency debt obligations, held by government approved custodians under the Investors Guaranty Fund, Ltd. (Policyholder Reserves) Act, 1991. IAC™ Insurers have been rated in the top rating category by international rating agencies since 1989.
PAR+™ FlexGIA™ Reference Series may be designed in a bespoke fashion to address intractable risk exposures of one or more PAR+™ Reference Series purchasers, mitigating specific balance sheet risk exposures through indemnity, transference of distressed and at-risk assets, pure risk transfer through credit substitution, structural risk mitigation, applying "portfolio effect", time cycle modulation and other patented technologies developed and in operation for four decades by IAC™ Insurers.
As illustrated, IAC™ Insurers may provide a wide range of FlexGIA™ Series designed to address specific balance sheet and income statement issues.
FlexGIA™ in conjunction with PAR+™ technologies, enable institutional portfolios, depository institutions, insurance companies, and other regulated institutional parties to not only increase risk adjusted return, enhance risk based capital, but to mitigate a wide range of risk exposures potentially impacting financial results.
For institutions wishing to increase service revenue, such as depository institutions and insurance companies, FlexGIA™ and PAR+™ technologies, provide a long term source of service income, which may benefit from immediate revenue recognition on closing, increasing capital and/or surplus.
FlexGIA™ enable transformation of a portfolio of assets held by institutional parties into high quality floating rate debt obligations the interest on and repayment of Principal of which are fully backed by US Treasury | Agency obligations, with no timing or currency risk. This unique debt instrument mitigates market value risk, credit risk, operations risk, systemic risk and re-hypothecation risk exposures. Myriad types of instruments may be acquired by an IAC™ Insurer from banks, insurance companies, and portfolio funds through a form of "portfolio swap" creating Bespoke Series, Special Situations Series and other categories of FlexGIA™ Series.
PAR+™ enables organizations to combine risk mitigation, capital resources and contractual solutions within a coordinated enterprise framework.
Opportunity Innovation Series of FlexGIA™ provide a framework through which local institutions may participate in developing infrastructure, innovation and long-term economic development while maintaining high-credit-quality institutional investments.
Opportunity Innovatiion Reference Series
facilitating
local Community Infrastructure funding as well as Opportunity Innovation Ecosystems
Opportunity Innovation Reference Series of FlexGIA™ may be established by an IAC™ Insurer to support long-term community opportunity initiatives. Reference Series are generally issued in minimum amounts of USD1 billion and may be increased over time based on demand.
Interest payments and Principal repayment of these 30 year, floating rate, high quality debt obligations are fully backed by US Treasury|Agency debt obligations, held by government approved custodians under the Investors Guaranty Fund, Ltd. (Policyholder Reserves) Act, 1991. IAC™ Insurers' obligations have been rated in the top rating category of international rating agencies for more than 30 years.
Periodic interest crediting rate is reset each year between 1 Year Treasury Index and Annual Cap which float within an agreed interest rate Lifetime Cap and Floor. A prepayment of FlexGIA™ is subject to a "look-back, make-whole" prepayment premium designed to achieve an agreed level of compound return established at issuance.
IAC™ Insurers may facilitate a wide range of community investment and funding initiatives by enabling local depository institutions, insurance companies, municipal and state governments, corporations, retirement systems and investment funds to participate together through Opportunity Innovation Reference Series of FlexGIA™.
Communities create long-term prosperity when community institutions—including banks, hospitals, universities, utilities, foundations, employers and governments—are able to invest together in their shared future.
FlexGIA™ may be issued under several types of Series.
FlexGIA™ Series may be configured under a variety of Series characteristics, each designed to address particular institutional, strategic, ecosystem, participation or funding objectives. A single FlexGIA™ Series may incorporate one or more compatible Series characteristics, enabling bespoke contractual solutions within the IGF System™.
Reverse Enquiry
Given the bespoke nature of FlexGIA™, accredited Bermuda insurance intermediaries facilitate reverse enquiry requests from accredited institutional investors, in accordance with applicable Bermuda regulatory requirements. Recognised securities broker dealers and other qualified intermediaries may participate where appropriate for regulatory, issuance and distribution purposes.
Series Governance Each FlexGIA™ Series is established with contractual characteristics appropriate to its intended objectives and participating parties. A Series may incorporate one or more compatible Series characteristics, enabling bespoke contractual configurations within the IGF System™.
Series documentation may include participation requirements, concentration limits, diversification objectives, negotiated interest crediting parameters, prepayment provisions, commutation provisions and other governance features designed to preserve the regulatory, accounting, operational and structural integrity of the applicable Series.
Where appropriate, participation requirements may distinguish between parties receiving funding, insurance or risk mitigation through a particular Series and parties participating as holders of that Series or in other independently constituted FlexGIA™ Series operating within the IGF System™.
Issuance Structure FlexGIA™ may be issued under a contractual framework evidenced in a form similar to a conventional bond or other compatible contractual instrument, depending upon the applicable Series and governing documentation. Holdings may be maintained through government approved custodians, fiscal agents or other qualified custodial arrangements agreed with the Holder.
Periodic interest payments, principal repayments and other contractual obligations may be administered through government approved custodians and fiscal agents in a manner designed to support international regulatory compliance, including anti-money laundering, sanctions, counter-terrorism financing and related requirements.
The contractual structure is also designed to mitigate re-hypothecation and other systemic custody and banking risks through segregated ownership, custodial and contractual arrangements.
Digital Representation Where appropriate, a Holder may elect to utilise an international fiscal agent facility enabling a FlexGIA™ to be denominated in USD$1,000 principal units or other approved denominations. One or more units may be mapped to a Controllable Electronic Record (“CER”).
A CER is a recognised digital asset capable of being controlled in a manner analogous to possession of a physical asset. The CER framework was introduced through the 2022 amendments to the Uniform Commercial Code (“UCC”) in the United States.
Digital Persistence and Registry FlexGIA™ may be issued in multiple authenticated evidence instances designed for long-term persistence. These evidence instances may be maintained on archival media designed for extended preservation and held in safekeeping by regulated custodians in multiple jurisdictions.
Each authenticated instance may also be mapped to a Digital Twin and persisted through compatible distributed governance platforms operating within the IGF System™. Where applicable, FlexGIA™ interests and associated CERs may also be registered through recognised international registry platforms operating under qualified trust and custodial arrangements.
Exchange Traded Fund Compatibility Each FlexGIA™ CER may be allocated to one or more compatible Exchange Traded Fund (“ETF”) structures where permitted under the governing contractual documentation and applicable regulatory requirements. This framework is designed to facilitate future liquidity, diversification and broader institutional participation while preserving the contractual integrity of the underlying FlexGIA™ Series.
This document provides a summary of FlexGIA™, one of four standard contract forms used by IAC™ Insurers.
The FlexGIA™ Policy Form may only be issued by IAC™ Insurers which
are Investors Guaranty Assurance Type life|assurance companies, licensed for a specific FlexGIA™ contract Form.
This Policy Form is Version 5.0 for USDollar applications. It is
specifically designed only for use in USD transactions. The contract may be issued as a medium-term debt obligation.
Not an offer of securities. For information purposes only. For
specific contract terms, reference should be made to applicable
Information Memorandum, Supplement, and actual contract documents.
This
document provides an informational summary of FlexGIA™ Contract Form
Version 5.0, currency specified as United States Dollars.
IGF Act
Company technologies have been subject to patents in the United
States, Bermuda, New Zealand, Australia, United Kingdom and European
Union. No license is granted hereby for public distribution.
©2009-2026 IAC™ Insurers All Rights Reserved. IAC01212023FlexGIA™ Contract Highlights – 5.0 USD
AD&C Principals have developed a new form of Exchange Traded Fund, a FlexETF™.
This special form of ETF is designed to make available to public investors, debt investment interests, which are fully backed by US Treasury | Agency obligations, designed to benefit from the unique nature of additional investment grade interest rate spread, subject to agreed "investment return" based prepayment premiums in the event of early repayment.
FlexGIA™ Reference Series CERs may be transferred to a qualifying FlexETF™, subject to applicable amendments to the governing FlexGIA™ Reference Series documentation. Such amendments may facilitate investment structures designed to optimise the tax, liquidity and market characteristics of qualifying CER interests transferred to a FlexETF™.
Eligible Depository Institutions may acquire Initiative Infrastructure Reference Series in their capacity as Authorised Participants (“APs”) associated with a FlexETF™ Program developed by AD&C Principals.
Subject to the governing documentation, APs facilitate the creation, redemption and institutional distribution of FlexETF™ interests.
A FlexGIA™ Reference Series Controllable Electronic Record ("CER") is a new form of United States Uniform Commercial Code "Controllable Electronic Record" ("CER"), which may digitally control a unit of a FlexGIA™ Reference Series.
An Authorised Participant may transfer CER units of a FlexGIA™ Reference Series to a FlexETF™. On transfer, interest payments accrete to maturity or earlier redemption in a manner designed to create accretion within an exchange tradeable fund of FlexGIA™ Reference Series CER units, which is fully backed by US Treasury | Agency obligations.
This activity has the potential to increase Depository Institution service fee activities and other forms of revenue expansion, with limited risk exposure. It may also include a means for these institutions to increase liquidity associated with FlexGIA™ Reference Series which are generally designed as "limited liquidity" instruments benefiting from increased interest rate spreads applicable to reduced liquidity.
