In addition to the modified securitization program, the Company's enhanced structured settlement payment purchasing risk management process includes a new interest rate hedging program, which will be implemented subsequent to the closing of the J.G. Wentworth XXXVI LLC transaction. The program hedges a portion of structured settlement payment purchases against interest rate volatility at the time new receivables are funded. In so doing, a portion of structured settlement receivables are hedged from interest rate risk, from the time they are funded until the time they are securitized.Stewart A. Stockdale, Chief Executive Officer, J.G. Wentworth added, "J.G. Wentworth continues to be a brand that is well-respected by the financial markets, which provides us with the access to capital that is supportive of our goals and objectives. We value our reputation for providing investors with financings that have a strong track record, and remain committed to maintaining and expanding our relationships within the institutional investment community to increase both the depth and breadth of our potential market." Forward-Looking Statements Certain statements in this press release constitute "forward-looking statements." All statements, other than statements of historical fact, are forward-looking statements. You can identify such statements because they contain words such as ''plans,'' ''expects,'' or ''does expect,'' ''budget,'' ''forecasts,'' ''anticipates,'' or ''does not anticipate,'' ''believes,'' ''intends,'' and similar expressions or statements that certain actions, events or results ''may,'' ''could,'' ''would,'' ''might,'' or ''will,'' be taken, occur or be achieved. Any statements that refer to expectations or other characterizations of future events, circumstances or results are forward-looking statements. Consideration should be given to the areas of risk set forth under the heading "Risk Factors" in our filings with the Security and Exchange Commission (the "SEC"), including our registration statement on Form S-1 for our initial public offering, as filed with and declared effective by the SEC on November 8, 2013, and in our other filings made from time to time, in connection with considering any forward-looking statements that may be made by us and our business generally. Except for our ongoing obligations to disclose material information under the federal securities laws, we undertake no obligation to release publicly any revisions to any forward-looking statements, to report events or to report the occurrence of unanticipated events unless we are required to do so by law.
About The J.G. Wentworth Company®The J.G. Wentworth Company® is a diversified consumer financial services company. The Company is focused on providing direct-to-consumer access to financing needs through a variety of solutions, including: mortgage lending and refinancing, personal lending, structured settlements payment purchasing, and prepaid cards. Through the J.G. Wentworth, Peachtree Financial Solutions, and Olive Branch Funding brands, the Company is the leading purchaser of structured settlement payments. Mortgage loans are offered by J.G. Wentworth Home Lending, Inc. NMLS ID # 2925 ( www.nmlsconsumeraccess.org), 3350 Commission Court, Woodbridge, VA 22192; 888-349-3773. For more information about The J.G. Wentworth Company®, visit www.jgw.com or use the information provided below. This announcement shall not constitute an offer to sell, or the solicitation of an offer to buy, nor shall there be any sale of our securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful, prior to registration or qualification under the securities laws of any such state or jurisdiction.