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.

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