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IDC International Development Corporation

The multinational group of IDC International Development Corporation has recieved preliminary approval from respective financial sector supervision auhtorities, to go ahead in the finalization of the registration process of its subsidiary company GDIC Global Development Insurance Corporation, which shall be licenses as captive & reinsurance carrier.



Initial paid up capitalization to be established at 10 Million USD, allowing the company to undertake short- to medium term risk cover programs for the projects & clients of the IDC group. The main activities of the company shall be to assist and enhance the securitization of IDC projects & to provide collateral / guarantee facilities for approved IDC group projects and activities.



A conservative asset management structure & thre use of correspondent banking facilities will enable the company to issue its own corporate bond program offering a 10 % p.a. guaranteed yield, whereby same corporate bond program shall be reinsured under AA cover.

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