Services

SWAP COUNTERPARTY

In 2005 the principal owners of Siebert Brandford Shank created a separate single purpose corporate entity, SBS Financial Products Company, LLC (“SBSFPC”) to serve as a principal in interest rate swap transactions with Siebert Brandford Shank municipal issuer clients. Since that time SBS Financial Products has executed swaps for numerous issuers across the nation. SBSFPC derivatives professionals work in conjunction with the Siebert Branford Shank advanced analytical investment banking staff to develop and implement comprehensive plans of finance that include a range of traditional fixed income and derivative products.

To date SBSFPC has served as counterparty on 17 interest rate swap transactions with a total notional amount of $1.29 billion. SBSFPC has engaged in both spot starting and forward starting fixed payer and receiver swaps utilizing the weekly SIFMA index as well as a percentage of 1-month and 3-month LIBOR. Our swap clientele have included health care, water & sewer, transportation and pension obligation systems.

SBSFPC can work with all SBS issuers to create an optimized debt profile of traditional municipal bond and derivative products to realize the lowest cost of funds and greatest future financing for your stakeholders. Together we can make every tax or revenue dollar go that much farther.