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IMPORTANT NOTICE to SURETIES U S District Court for the Form

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claims against Bank fronted shy bonds Bank fronted shy bonds are a fairly new product compared to other shy bonds the industry has yet to see a lot of claim activity against these guarantees however it is safe to assume that a claim would result in a total loss generally when a claim is made against a letter of credit the beneficiary will demand the full amount of the letter of credit once this happens the lender will ask to be reimbursed from the shy bond company the shy bond company will then seek to be reimbursed from the principal under the indemnity agreement to learn more about shy bonds visit access dsh.ca.gov

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