Product · Features

The Workstation for Municipal Finance.

6
Modules, one workspace
Source-linked
Available Records
As-of
Status Shown
The Modules

Six modules. One verified data layer. Built to work together.

Available series, trades, and holder records share one workspace. Source and as-of details are shown when recorded, and missing coverage remains unavailable. Click any module to jump in.

01 / 06 Debt Management
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Debt Management munipro.com/state-of-ca/debt
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Debt Management
Issuer portfolio view: outstanding series, par, coupon, maturity. Show a real issuer (e.g. State of California, 28 series, $78.4B par).
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Debt Structuring munipro.com/structure/new-money
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Debt Structuring
Cash-flow chart + structure toggles. Show level debt service with reserve fund, capitalized interest, and live TIC readout.
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Refunding Scenarios munipro.com/refundings/2018B
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Refunding Scenarios
Continuous PV-savings monitor: trajectory chart vs. policy threshold, with one-click memo export.
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Market Data munipro.com/scales
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Market Data
AAA vs. issuer curve overlay, EMMA trade tape, and pre-pricing comparables table.
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Option Pricing munipro.com/oas/2034-callable
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Option Pricing · BDT
Binomial tree with YTM / YTW / OAS readout and volatility surface picker.
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Bond Holders munipro.com/holders/state-of-ca
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Bond Holders
Top-holder leaderboard with quarter-over-quarter deltas, plus animated rotation chart.
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Module · Debt Management

Recorded series and maturities, in one ledger.

Replace the patchwork of spreadsheets and disclosure PDFs with a credit- and project-based view of available outstanding, refunded, and tendered series — premium and discount amortization included when inputs support it.

  • Credit & project hierarchies
    Roll up debt by indenture, fund, or capital project. Drill into individual maturities in one click.
  • Auto-amortization schedules
    Premium, discount, and OID accretion calculated to MSRB conventions. Tie out to your audit instantly.
  • Continuous disclosure tracker
    Annual filings, material events, and rating changes monitored against deadlines with email reminders.
What it unlocks · For Issuers
Empower your treasury team. Free investor relations, debt management, and disclosure tracking — without the audit scramble.
Module · Debt Structuring

New money, structured your way.

Level debt, wrap-around, ascending — toggle between structures and watch the cash-flow chart update live. Layer reserve funds, capitalized interest, and bond insurance, then run sensitivities at the click of a column.

  • Six structuring modes
    Level debt, level par, ascending, wrap-around to existing service, custom shape.
  • Reserve & cap-i builders
    Fund a DSRF or surety, capitalize interest through construction, model premium / discount in seconds.
  • Insurance sensitivities
    Compare insured vs. uninsured TIC at multiple coverage premiums in a single side-by-side.
What it unlocks · For Investment Bankers
Personalize presentations in minutes. Debt profiles, new money, refunding numbers, and market updates — all live, all branded.
Module · Refunding Scenarios

Find savings in the noise.

Run current and advance refundings, Cinderella, and forward-delivery scenarios in parallel. Monitor PV savings continuously against your policy trigger and export a board-ready memo.

  • Continuous monitor
    Dated snapshots of PV savings vs. policy threshold for configured callable series in your portfolio.
  • Cinderella & forward delivery
    Model tax-exempt-to-taxable transitions. Lock pricing today, deliver up to 18 months out.
  • One-click memo
    Generate a Word or PDF refunding analysis with all sensitivities, ready for council or board.
What it unlocks · For Municipal Advisors
Build trust with market intelligence. Project-level modeling and board-ready reporting that holds up in front of the dais.
Module · Market Data

Live scales, trades, and comparables.

The market in one workspace. Scales and benchmark curves, EMMA trade tape, comparable-issuer analytics, and pre/post pricing books — including variable rate, swaps, and CP programs.

  • Curves & scales
    AAA, taxable benchmark, sector and rating-bucket curves with intra-day updates.
  • Trade tape
    EMMA-cleared customer and inter-dealer trades, filterable by CUSIP, sector, and size.
  • Pricing books
    Pre-pricing comparables and post-pricing performance, exportable as PDF or PowerPoint.
What it unlocks · For Underwriters
Price with conviction. Real-time secondary scales vs. AAA / UST, live comps, investor tracking, and pre-trade compliance.
Module · Option Pricing

BDT trees, not back-of-envelope.

A full Black-Derman-Toy binomial tree implementation for option-adjusted spreads. Plug in custom volatility, short-rate, and curve assumptions for institutional-quality relative-value analysis.

  • BDT binomial tree
    Lattice-based pricing with mean-reverting short-rate dynamics. Calibrated to your input curve.
  • Custom volatility surface
    Term-structured vol or single-factor flat — switch on the fly and see OAS deltas.
  • Relative value reports
    Compare callables to non-callables, par to premium structures, single-coupon to laddered.
What it unlocks · For Portfolio Managers
Explore relative value. OAS analytics for selected trades, side-by-side call/coupon comparison, and credit analytics across your configured universe.
Module · Bond Holders

Know who owns your paper.

Corporate and municipal holder history sourced from 13F filings, mutual fund holdings, and dealer reports. Search by CUSIP or name. Reach top sector and regional investors before pricing.

  • Quarter-over-quarter deltas
    See who's adding and trimming. Spot conviction buyers and rotation candidates.
  • Sector & regional rollups
    Group holders by fund family, geography, mandate, or AUM tier.
  • Direct outreach
    Source-backed contact information for portfolio managers and credit analysts when available.
What it unlocks · For Credit Analysts
Streamline credit review. Available issuer debt, ratings, and disclosures in one source-aware profile.

Six modules. One verified data layer. Built to work together.

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