Quantitative/Computer Services

Bond issue sizing and debt structuring for all types of general obligation and revenue bond issues, including debt with variable rate, zero-coupon, capital appreciation and "hybrid" bonds;

Pricing and valuation of municipal derivatives, including interest rate swaps (BMA and LIBOR), interest rate caps and floors, and swaptions;

Structuring advance refundings of all types (e.g., for debt service savings, debt restructuring, or the elimination of restrictive or burdensome covenants);

Preparing comprehensive cash flow reports for tax-exempt and taxable collateralized mortgage revenue bond issues;

Structuring and re-structuring of all types of investment portfolios (escrows);

Calculating the arbitrage yield, TIC, NIC and other calculations in connection with complex single and multiple bond issues;

Confirming the accuracy of bids received at competitive sale;

Evaluating the accuracy and completeness of financing plans contained in responses to requests for proposals;

Coupon optimization for competitive bidding;

CRITICAL TRACKING® studies integrating traditional municipal finance techniques with database mining and state-of-the-art risk and decision analysis.

 

Additional Support Services

Developing or responding to requests for proposals;

Creating plans of financing and other special financial reports;

Drafting official statements, notices of sale, official bid forms, and sales memorandums;

Reviewing legal documents (e.g., indentures and trust agreements), swap documents, investment contracts, escrow deposit agreements, and financial feasibility studies;

Making presentations to rating agencies, bond insurance companies, government officials, potential investors, and other interested parties;

Assisting in the purchase of investments and the securing of investment contracts.

CRITICAL TRACKING is a registered service mark of Stanley P. Stone & Associates, Inc.