Stock prices readjust on the ex-dividend date to reflect the pendingpayment, and there is no guarantee the shares won't slip below the trader's breakeven point, resulting in losses.
The settlement terminates credit default swaps Morgan Stanley purchased from MBIA to protect holdings of commercial mortgage-backed securities and resolves the pending litigation between the two and will see an undisclosed cash payment from the bond insurer to the bank.
With three international patents pending, the API uses a universal payments interface, meaning that it works with any payment processor, in any currency, in the world.