Direct access to 3rd party features increases optionality for municipal clients
New York – April 19, 2013 – Ipreo, a leading global provider of workflow solutions and market intelligence to capital markets and corporate professionals, announced the integration of two new features into its municipal new-issuance software solutions. The first is the availability of the new alternative bid calculation, TICPlus; the second is direct access to official disclosure filings data from RegStat Services. Both features will be integrated into Ipreo’s BiDCOMP/Parity system, the industry standard for municipal competitive bid calculation and electronic bid submission.
TICPlus is a new method of calculating a bid award, developed by Andrew Kalotay Associates. In addition to capturing the time value of money accounted for in the traditional True Interest Cost (TIC) calculation, TICPlus also takes the call option value into account. TICPlus will soon be listed as an additional bid-award type available to issuers in Ipreo’s BiDCOMP system.
RegStat Services is an affiliate of DPC Data that compiles filings reports on obligors to help underwriters verify filing compliance over five years. While reviewing a specific deal for bid, Ipreo users will be able to link directly to the relevant RegStat report for that issuer.
“It has always been our approach to provide our clients with as much optionality as possible within our products,” said Allen Williams, EVP & Managing Director, Global Fixed Income Capital Markets at Ipreo. “Both the TICPlus calculation and the RegStat reports are market innovations that a number of our clients have expressed an interest in. These integrations are in line with our continual commitment to facilitate our clients’ workflow by putting the tools they need at their fingertips.”
Both enhancements are expected to be available in product in Q2 2013.
Ipreo is a global leader in providing market intelligence, data, and technology solutions to all participants in the global capital markets, including sell-side banks, publicly traded companies, and buy-side institutions. By combining state-of-the-art new issuance systems with the premier global financial and investor data, Ipreo enables our capital markets clients to execute deals more efficiently, maximizing time and resources. Our applications include end-to-end bookbuilding systems, roadshow & conference management platforms, and electronic document delivery. Additionally, Ipreo’s suite of investor prospecting and CRM solutions offers the most accurate and comprehensive institutional contacts data and profiles in the industry. Ipreo is the only financial services provider to offer solutions across all asset classes for the Equity, Fixed Income, Municipal, and Syndicated Loan markets. Ipreo is a KKR portfolio company with nearly 700 employees supporting clients in every major financial center around the world. For more information, please go to ipreo.com.
- For Ipreo
- Kate McKay
- Managing Director, Global Marketing & Communications