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Wednesdays
Day
#1 - For Classes Beginning on Mondays
Introduction: Philosophy behind design of Mun-Ease. Overview of database
architecture and system conventions. Tips for new users. (9:00-9:30)
Lesson #1: Entering a fixed rate bond issue.
Calculate the T.I.C. and arbitrage yield limit. Graph the bond
issue. Investor relations. (9:30-12:00)
Lesson #2: Entering a variable rate bond issue.
Calculate the T.I.C. and the arbitrage yield limit. (1:00-2:00)
Enter a fixed rate note. (2:00-2:30)
Lesson #3: Stand-alone reports - Generate a
combined debt service, combined indebtedness, and new issue
impact reports. (2:45-3:30)
Lesson #4: Discuss sizing rules and input options.
Size a bond issue with level debt service. Size an issue with
debt service modeled after user-defined revenue stream. (3:30-4:30)
Lesson #5-Part I: The bond calculator. (4:15-5:00)
Day #2 - For Classes Beginning on Mondays
Lesson #5-Part II: Interest computations -
MSRB vs. SIA rules. CABs vs. CAVs. Odd coupons. Other calculation
issues. (8:30-9:30)
Lesson #6-Part I: Overview of arbitrage regulations.
Enter rebate transactions. Perform future value and alternative
spend-down penalty calculation. (9:45-10:45)
Lesson #6-Part II: Commingled bond proceeds.
Discussion of calculation alternatives. Review of two case studies.
Download rebate transactions to spreadsheet. Work paper organization.
(10:45-11:30)
Lesson #6-Part III: Arbitrage What-if Calculations.
Optimize a portfolio of investments to meet a construction draw
schedule. Calculate I.R.R. of portfolio and perform rebate calculations.
Discuss how calculations can be used in connection with other
modules. (11:30-12:00)
Lesson #7-Part I: Refunding calculations -
Overview of refunding process. Types of refundings. Enter a
current refunding. Analyze an underwriter's proposal. (1:00-2:30)
Lesson #7-Part II: Refunding calculations -
Advance and crossover refundings. Enter an advance refunding,
Size the escrow account, and structure a SLGS portfolio. Calculate
the I.R.R. of an investment portfolio. Alternatives for handling
underwater escrows. (2:45-5:00)
Day #3 - For Classes Beginning on Mondays
Lesson #7-Part III: Refunding calculations
- Alternative refunding structures. Upfront savings, backloaded
savings. (9:00-9:30)
Lesson #7-Part IV: Refunding calculations -
Purchasing open market securities. Transferred proceeds calculations.
Yield burning. Scanning your database for refunding candidates.(9:30-10:15)
Lesson #8: Project allocations, authorizations,
allocation features for private-use bonds & miscellaneous
topics. Enter project allocations and generate reports. Discuss
calculations and general ledger interface. (10:30-11:15) Local
area networks. Crystal Reports (11:15-12:00).
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Page | Mondays
Day
#1 - For Classes Beginning on Wednesdays
Introduction: Philosophy behind design of Mun-Ease. Overview of database
architecture and system conventions. Tips for new users. (1:00-1:45)
Lesson #1: Entering a fixed rate bond issue.
Calculate the T.I.C. and arbitrage yield limit. Graph the bond
issue. Investor relations. (2:00-5:00)
Day #2 - For Classes Beginning
on Wednesdays
Lesson #2: Entering a variable rate bond issue. Calculate
the T.I.C. and the arbitrage yield limit. (8:30-10:00) Enter
a fixed rate note. (10:00-10:15)
Lesson #3: Stand-alone reports - Generate a
combined debt service, combined indebtedness, and new issue
impact reports. (10:30-11:15)
Lesson #4: Discuss sizing rules and input options.
Size a bond issue with level debt service. Size an issue with
debt service modeled after user-defined revenue stream. (11:15-12:00)
Lesson #5-Part I: The bond calculator. (1:00-1:30)
Lesson #5-Part II: Interest computations -
MSRB vs. SIA rules. CABs vs. CAVs. Odd coupons. Other calculation
issues. (1:30-2:00)
Lesson #6-Part I: Overview of arbitrage regulations.
Enter rebate transactions. Perform future value and alternative
spend-down penalty calculation. (2:15-3:30)
Lesson #6-Part II: Commingled bond proceeds.
Discussion of calculation alternatives. Review of two case studies.
Download rebate transactions to spreadsheet. Work paper organization.
(3:30-4:15)
Lesson #6-Part III: Arbitrage What-if Calculations.
Optimize a portfolio of investments to meet a construction draw
schedule. Calculate I.R.R. of portfolio and perform rebate calculations.
Discuss how calculations can be used in connection with other
modules. (4:30-5:00)
Day #3 - For Classes Beginning on Wednesdays
Lesson #7-Part I: Refunding calculations -
Overview of refunding process. Types of refundings. Enter a
current refunding. Analyze an underwriter's proposal. (9:00-10:00)
Lesson #7-Part II: Refunding calculations -
Advance and crossover refundings. Enter an advance refunding,
Size the escrow account, and structure a SLGS portfolio. Calculate
the I.R.R. of an investment portfolio. Alternatives for handling
underwater escrows. (10:15-11:30)
Lesson
#7-Part
III: Refunding calculations - Alternative refunding structures.
Upfront savings, backloaded savings. (11:30-12:00)
Lesson #7-Part IV: Refunding calculations -
Purchasing open market securities. Transferred proceeds calculations.
Yield burning. Scanning your database for refunding candidates.(1:00-2:15)
Lesson
#8: Project allocations,
authorizations, allocation features for private-use bonds &
miscellaneous topics. Enter project allocations and generate
reports. Discuss calculations and general ledger interface.
(2:30-3:30) Local area networks. Crystal Reports (3:30-5:00).
