Guaranteed Investment Contracts
PFMAM is one of the nation's leading public sector investment advisory firms. In addition to experts focused on traditional debt financings, we also have a group of experienced professionals - several with Wall Street trading backgrounds - dedicated solely to derivatives and structured financial products area, the Structured Products Group.
PFMAM has experience developing hedging policies and conducting interest rate swap transactions including structuring and procuring on both a competitive and a negotiated basis.
PFMAM is not a swaps broker or dealer and does not act as principal or counter-party for any transactions. Rather, PFMAM acts solely as an independent advisor serving only one interest - that of our clients.
As such, PFMAM has experienced significant growth in the volume of our interest rate swap advisory business. Interest rate swaps have become indispensable tools for public debt
- Hedge interest rate risk
- Reduce annual debt service
- Conserve credit capacity
- Monetize value of bond call options in municipal debt
- Increase budgeting certainty
- Enhance asset-liability management
PFMAM is uniquely qualified to ensure that our clients receive fair pricing on transactions because of our advanced quantitative capabilities and independent market access.