dbc® student loancommercial paper, lines of credit for loan purchases and letter of credit...
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![Page 1: DBC® Student Loancommercial paper, lines of credit for loan purchases and letter of credit facilities. • Sets up a commercial paper warehousing facility. • Performs tax-exempt](https://reader034.vdocument.in/reader034/viewer/2022050301/5f6a94a65fdad9196b075bfc/html5/thumbnails/1.jpg)
DBC® Student Loan
DBC Student Loan is the most widely used modeling and structuring program for the structuring and cashflow analysis of student loan revenue bonds. DBC Student Loan is used for valuing and surveillance of portfolios, structuring new issues, securitization modeling, and credit analysis.
Key Benefits• Market-provensoftwareproducesreliableresults.
• Frequentupdatesmeansyoukeepcurrentwithindustryinnovations.
• Ourexperiencedsupportteamprovidespromptassistancetoyourstaff.
Key Features• Sizesandstructuresbondissuesbasedonneedstofundloans,reservefunds,andexpenses.
• Modelsassets,liabilities,investmentsandtheflowoffundstoprojectforwardcashflows
• Batchprocessesunlimited“what-if”scenarioswithdifferentassumptionssuchasprepaymentmethods,loanassumptionsorloanoriginations.
• Runsallthetestsrequiredbyissuers,bondcounsel,insurersandratingagenciesincludingyieldanalysisandCAB-remaindersensitivitytestsatonetime.
• Generateseasy-to-readreportswithmultiplefrequenciesanddetaillevelswhichprovideafullaudittrailofallcalculations.
Loans• SupportsallFELPloansincludingStafford,Consolidation,PLUSandSLSloans.
• ModelsgraduateschoolloanssuchasMedLoans,LawAccessLoans,MBAAccessLoans,HealthEducationAssistanceLoansandTERIloans.
• Supportsmostalternativeloanprograms.
• HandlesfullorpartialreimbursementforFederally-insuredloans.
• Handlesannual-resetloantypeswithindex-basedrateformulas.
• Modelsdefermentsandforbearancesfully.Negativeamortizationsupportedfornon-subsidizedloans,deferralsandforbearances.
• Forecastsdefaultsandsetsrecovery/reimbursementlags
• Definespaymentlags,delinquencies,CPRandSMMprepayments.
• Recyclesloanreceiptsorexcessinterestintonewloans.
• ManagesSAPandIn-SchoolInterestsubsidy
• Modelsloandefaultsand‘rainy-day’reservefunds.
• Chooseoneoftheper-unitorpercentagebasedservicingcoststhatareincludedforallmajorstudentloanservicersorspecifyanytypeofloanservicingfeeschemeforeachportfolio.
• Supportsinterestratereductions(borrowerincentives)foron-timeanddirectdebtborrowers.
FormoreinformationonDBC,pleasecontactus.
The Industry Standard
![Page 2: DBC® Student Loancommercial paper, lines of credit for loan purchases and letter of credit facilities. • Sets up a commercial paper warehousing facility. • Performs tax-exempt](https://reader034.vdocument.in/reader034/viewer/2022050301/5f6a94a65fdad9196b075bfc/html5/thumbnails/2.jpg)
Debt Structures • Easilyaccommodatesmultipledeliverydates,distinctinterestpaymentormaturityfrequencies,andoverlappingmaturities.
• Structuresfloatingandfixedratedebt,Dutch-auctionbonds,taxablediscountcommercialpaper,linesofcreditforloanpurchasesandletterofcreditfacilities.
• Setsupacommercialpaperwarehousingfacility.
• Performstax-exemptbondandloanyieldcalculationsandarbitragerebateliabilityestimates.
• Modelsseniorlienbondswithtwotiersofsubordinateddebt.
• Createsmultiplebondredemptionschemes.
• Redeemsbondsusingvariousmethodsincludingsequential,pro-rata,ortargetedwithPAC/TACschedules.
• Prioritizeseachmaturityinauser-definedcallhierarchy.
• Allocatesredemptionmoniesbyratioorpercentageoftheentireissueorgroupsofselectedmaturities.
• Runscleanupcalls.
• Modelsunlimitedprogramexpensessuchasadministrationfees,remarketingfees,bondinsurance,lettersofcredit,ratingagencies,costofissuanceandunderwriter’sdiscount.
• Loanprice/yieldtoolcreatesreportsthatsummarizetheyieldeffectsofpurchasepriceandABI.
• DiscountorIRRanycalculatedcashflow.
• DiscountmargintablesandBloomberg-compatibleABSreporting.
DBC Student Loan Template Manager • Createsalibraryofstandardizedstudentloaninputassumptionstosaveentrytimeandreduceerrors.
• Definesuptothirteentemplatetypes:interestratemechanism,SAP,interiminterestoptions,borrowerratereductioneligibility,default/losscurves,defermentandforbearance,paymentlags,delinquency,servicingfees,prepaymentsandloansales,loanforgivenessandvaluationforparitycalculations.
• Automaticallypopulatestheloanportfolioinputscreensandcreatesstressscenarios.
• Processesallstresstestssimultaneously.
• Referencesanynumberofdifferenttemplatesinadeal.
• Usesuniversaltemplatefileswithanyissuerorseries.
DBC Student Loan Consolidation• Producescombinedcashflowsforaproposednewissue/securitizationwiththeoutstandingbondissues/securitizationsthatareonparitywiththenewissue.
• Simultaneouslymodelsmultipleseries,assetsandliabilities,andproducesaggregatereports.
• Usessurplusesfromoneseriestoreplenishreservefundsorotherdeficienciesinanyotherseries.
• Usessurplusestore-originateadditionalloans,callbonds,investinreservesorbedistributedtotheissuer.
• Directssurplusesand/orloanprincipalreceiptstocross-callbondsofanotherseriesintheindenture.Cross-callingmethodsincludetransferstospecificallytargetedseriesorhighestcouponcallsamonganyseriesthataresubjecttoacross-calloption.
• Applyindenture-levelreservefundsandprogramexpensestoanyselectionofseries-levelcomponents.
• Runconsolidatedcashflowsformultipleissueswithinamastertrust.
DBC® Student Loan
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