MBIA will make sure that bonds get paid, no matter what. The holding company's independent subsidiary, National Public Finance Guarantee Corporation, is a leading provider of insurance for municipal bonds and stable corporate bonds (such as utility bonds) in the US. Separately, its MBIA Insurance Corporation provides global structured finance products and non-US public financial guarantees. MBIA's Cutwater business manages assets for public-sector clients. Other lines of business include tax compliance and risk management services along with buying and servicing municipal real estate tax liens.