Client Services

Swap Advisory & Hedging

Independent advice on interest rate and commodity hedging for public entities, project finance, corporations, and real estate developers.

• Strategy, structuring, and counterparty selection
• ISDA documents negotiation
• Pricing negotiations and competitive bid processes
• Post-trade: accruals and payment verifications, reporting
• Dodd-Frank compliance
• Qualified Independent Representative (QIR) and Independent Registered Municipal Advisor (IRMA) services under MSRB Rule G-42

Derivatives Portfolio Risk Management & Reporting

Independent risk evaluation and ongoing monitoring of derivatives portfolios.

• Mark-to-market valuations
• Key events alerts and risk monitoring
• Custom reporting for finance staff, leadership, and boards
• GASB/FASB hedge accounting effectiveness testing

Capital Markets Advisory

Objective analysis of financing alternatives and capital markets execution support.

• Floating-rate financing strategy and alternatives analysis
• Alternative financing structures including total return swaps (TRS) and direct purchase
• Bond market analysis, bond pricing, and bond options valuations

Energy Prepay Financing

A leading advisor on natural gas and power prepayment structures for public and project finance clients.

• Natural gas and power prepayment bond structure advisory
• Gas-to-power tolling, “switch,” and clean energy prepayment structures
• Commodity swap advisory and valuations

Bond Proceeds Investment

Independent procurement and advisory for guaranteed investment contracts (GICs), repurchase agreements, and forward delivery agreements.

• Competitive bid management
• Provider credit evaluation and documentation review

Expert Witness & Education

Litigation support and institutional knowledge-building for clients and their stakeholders.

• Expert witness services for derivatives and investment agreement disputes
• Board and staff derivatives education workshops
• Ongoing market intelligence and transaction benchmarking