DBC provides analytical and advisory services to the municipal finance community. The firm
structures new issues and refundings, verifies cash flows, provides management reviews and surveillance services.
DBC also advises clients on alternative strategies to achieve their financing objectives.
DBC offers consulting to clients who need expert quantitative capabilities but may not have the
staff or time to perform the financial analysis. Our consultants include former investment
bankers, financial advisors and agency professionals who are trained and experienced in the
analysis and structuring of complex financial transactions.
The following is a brief description of DBC's major areas of practice:
Cash Flow Verifications
DBC provides yield and cash flow verifications. We review and analyze the mathematical accuracy
of the calculations performed for a new issue. Our staff conducts a critical review of the
assumptions and documents used for structuring the issue, and independently recreates the entire
transaction using DBC software.
Bond Structuring
Leading national and regional investment banking firms have retained DBC to structure revenue,
general obligation and refunding bond issues. Our areas of specialization include:
New Money Capital Projects
Advance Refunding and Debt Restructuring
Housing Revenue Bonds
Student Loan Revenue Bonds
The firm's bond structuring services are available to issuers, financial advisors, legal
advisors and underwriters. As part of this service, we collect the assumptions for the
transaction, provide the structuring and cash flow analyses required for the bond sale, and
prepare the final presentation necessary for the closing of the issue. We also advise the
financing team of alternative strategies, and attend appropriate rating agency and credit
provider meetings. From financing concept to closing, DBC's structuring services are a
cost-effective, proven and valuable asset.
