SmartModels Stage I: Pre-calculation and Preparation

Stage I is a preparation tool that formats existing and prospective bonds, assets, and derivatives for use in Stage II and/or Stage III. Standard periodic and annual debt schedules are generated as well as per bond cash flows. Plus, input information is aligned with the selected simulation date sequence and immediately ready to drop into later Stage applications.

• Bond inputs include type (fixed, tax-exempt or taxable variable), coupon, coupon frequency, day count, and maturity.

•  Debt schedules reflect fixed rate principal and interest, total debt service, and tax- exempt and taxable variable rate principal.

•  Notional schedules for derivatives or risk positions are generated and aligned with the selected simulation dates by one of three methods.

•  Output schedules include full periodic and annual debt schedules, up to 125 individual bond cash flow schedules, and a simulation schedule for use in later Stages.