dbc® finance - finance the industry standard for sizing and structuring of municipal bond...

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DBC® Finance The industry standard for sizing and structuring of municipal bond issues, DBC Finance is used by the industry’s top-ranking underwriters and financial advisors as well as bond issuers. DBC Finance sizes and structures bond issues, calculates debt service, performs refunding analyses and is backed by the best support team in the business. Key Benefits Market-proven software produces reliable results. Our experienced support team provides training and prompt assistance to your staff. Frequent updates keep you current with industry innovations. Key Features Uses a proven library of industry standard bond calculations. Linear optimization solves for the lowest cost of borrowing. Quickly produces multiple new money and refunding ‘what-if’ scenarios. Models complex deal structures such as pooled financings. Screens existing bond maturities for refunding candidates. Links dynamically to Excel. Easily produces all industry standard reports, which may be saved in a variety of formats such as Excel and Adobe PDF. DBC Finance is composed of four seamlessly integrated modules – Debt/Size, Refund, Monitor and Project Finance. Debt/Size Models bond issues including all bond types, expenses, and project, CAPI and reserve funds. Finds the optimal size of the sources and uses of funds for new money series. Calculates TIC, NIC and arbitrage yield. Generates reports for issuers, investors and bond counsel. Refund Links the refunding series to the bonds to be refunded, and defines the escrow parameters. Sizes the refunding issue and generates refunding escrows. Escrows are solved using linear optimization and can include both SLGS and open market securities (OMS). Provides full reporting for refundings including savings, escrow sufficiency and refunding statistics. Monitor Evaluates and ranks refunding candidates based on the present value savings. Especially useful during volatile interest rate markets to screen refunding candidates for both new business proposals and as a management tool. Candidates that have met the minimum selection criteria may be transferred to Refund for more in-depth savings analysis. Project Finance Analyzes interdependent projects for bonds under a common plan of finance. Structures include combined new money and refunding issues, fixed and variable rate issues, phased-in and pooled financings, senior/ subordinate deals, and taxable tails. Coordinates the functionality and capabilities of Debt/Size and Refund to optimize broader and more complicated financing solutions. For more information on DBC, please contact us. The Industry Standard © 2010 SS&C Technologies, Inc. DBC is a trademark of SS&C Technologies, Inc.

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Page 1: DBC® Finance -   Finance The industry standard for sizing and structuring of municipal bond issues, DBC Finance is used by the industry’s top-ranking underwriters and

DBC® Finance

The industry standard for sizing and structuring of municipal bond issues, DBC Finance is used by the industry’s top-ranking underwriters and financial advisors as well as bond issuers.

DBC Finance sizes and structures bond issues, calculates debt service, performs refunding analyses and is backed by the best support team in the business.

Key Benefits• Market-provensoftwareproducesreliableresults.

• Ourexperiencedsupportteamprovidestrainingandpromptassistancetoyourstaff.

• Frequentupdateskeepyoucurrentwithindustryinnovations.

Key Features• Usesaprovenlibraryofindustrystandardbondcalculations.

• Linearoptimizationsolvesforthelowestcostofborrowing.

• Quicklyproducesmultiplenewmoneyandrefunding‘what-if’scenarios.

• Modelscomplexdealstructuressuchaspooledfinancings.

• Screensexistingbondmaturitiesforrefundingcandidates.

• LinksdynamicallytoExcel.

• Easilyproducesallindustrystandardreports,whichmaybesavedinavarietyofformatssuchasExcelandAdobePDF.

DBC Finance is composed of four seamlessly integrated modules – Debt/Size, Refund, Monitor and Project Finance.

Debt/Size

• Modelsbondissuesincludingallbondtypes,expenses,andproject,CAPIandreservefunds.

• Findstheoptimalsizeofthesourcesandusesoffundsfornewmoneyseries.

• CalculatesTIC,NICandarbitrageyield.

• Generatesreportsforissuers,investorsandbondcounsel.

Refund • Linkstherefundingseriestothebondstoberefunded,anddefinestheescrowparameters.

• Sizestherefundingissueandgeneratesrefundingescrows.

• EscrowsaresolvedusinglinearoptimizationandcanincludebothSLGSandopenmarketsecurities(OMS).

• Providesfullreportingforrefundingsincludingsavings,escrowsufficiencyandrefundingstatistics.

Monitor • Evaluatesandranksrefundingcandidatesbasedonthepresentvaluesavings.

• Especiallyusefulduringvolatileinterestratemarketstoscreenrefundingcandidatesforbothnewbusinessproposalsandasamanagementtool.

• CandidatesthathavemettheminimumselectioncriteriamaybetransferredtoRefundformorein-depthsavingsanalysis.

Project Finance • Analyzesinterdependentprojectsforbondsunderacommonplanoffinance.

• Structuresincludecombinednewmoneyandrefundingissues,fixedandvariablerateissues,phased-inandpooledfinancings,senior/subordinatedeals,andtaxabletails.

• CoordinatesthefunctionalityandcapabilitiesofDebt/SizeandRefundtooptimizebroaderandmorecomplicatedfinancingsolutions.

FormoreinformationonDBC,pleasecontactus.

The Industry Standard

© 2010 SS&C Technologies, Inc. DBC is a trademark of SS&C Technologies, Inc.