The Central Post Office: Making Your Life Easier and the Market More Efficient (PDF)
It has been almost a year since the Central Post Office opened for business, allowing issuers of municipal bonds to file their disclosure documents electronically through a single location. Learn how municipal market disclosure practices have evolved through the years and how the Central Post Office has improved the disclosure process for all involved.
Patrick P. Born and Susan A. Gaffney
Understanding Municipal Derivatives
The use of derivative products in the public sector has exploded in recent years. While derivatives can be a helpful debt management tool, they also carry risks that issuers must carefully consider before incorporating these products into their overall financing strategy.
David L.Taub
Auction Rate Securities: A Primer for Finance Officers
Auction rate securities have become an attractive alternative to other variable rate debt because they have no “put” or tender feature, no letter-of-credit requirement, and no need for an annual short-term bond rating. This article provides an overview of the market, mechanics, costs, benefits, and risks associated with auction rate securities.
Douglas Skarr
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