The agreement with UBS is the third such dispute settled by Assured involving RMBSes since 2011, according to the press release. The terms of the arrangement include an initial payment from UBS to Assured of $358 million. Additionally, UBS will reimburse Assured Guaranty for "a portion of all future losses on certain transactions under a collateralized loss-sharing reinsurance agreement to be put in place by the third quarter of 2013."