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Online Resource Database

Most resources in the ORD are available to CDFA members only. CDFA members should login with their CDFA Account at the top of the page to access the full set of resources. Non-members are encouraged to join CDFA today to gain access to the entire database.

Search Results: Bond Finance\Bond Arbitrage & Rebate
Displaying 1 - 40 of 40 Previous | Next | New Search
CDFA PFM Capital Markets Webinar Series: Effects of the Tax Cuts and Jobs Act One Year LaterMembers only Login
During this webinar, Daniel Kozloff with PFM, Jeffrey Pearsall with PFM, and Jay Bartlett with Citigroup Global Markets Inc. featured the pros and cons and the questions that remained twelve months into the new tax law.
Arbitrage Rebate and Calculating YieldMembers only Login
Kristen Kalinowski from BNY Mellon presents on arbitrage, rebate and calculating yield in bond transactions.
Arbitrage Compliance Guide for IssuersMembers only Login
This publication is a basic guide to the yield restriction and rebate requirements from the IRS. Understanding the arbitrage requirements can help issuers and conduit borrowers comply with their obligations and prevent violations of the arbitrage...
Arbitrage Rebate and Bond Yield CalculationMembers only Login
Kristen Kalinowski with BNY Mellon explains tax restrictions on arbitrage, adjustments for guarantee fees, payments and swaps, how to calculate yield, and important considerations.
Advanced Topics in ArbitrageMembers only Login
This lesson from the IRS reviews the elements of the different derivative and hedge products used in the municipal market. Derivative structures often involve credit enhancement in various forms. This lesson also reviews the requirements and...
Option Redemption EnhancementMembers only Login
El Paso County this month completed a $50 million bond sale with an option redemption enhancement, the first such transaction in the Lone Star State. Ramirez & Co., which introduced the feature in January, says the option redemption enhancement, or...
IRS Publication 4078: Private Activity BondsMembers only Login
This IRS Publication 4078, Tax-Exempt Private Activity Bonds, provides a revised overview of the general federal tax law rules that apply to qualified private activity bonds.
Issuing Bonds - The RulesMembers only Login
Ben Barker of the California Municipal Financial Authority and Linda Schakel of Ballard Spahr LLP detail the various rules and items to monitor during issuance of tax exempt bonds.
CDFA // BNY Mellon Webcast Series: Understanding Proposed IRS Rules on Issue Price and the Industry Impact PresentationMembers only Login
During this CDFA // BNY Mellon Development Finance Webcast presentation, panelists Matthias Edrich of Kutak Rock and John Vahey of Bond Dealers of America share insight on the new proposal from the IRS on Issue Price for tax-exempt bonds.
CDFA // BNY Mellon Webcast Series: Understanding Proposed IRS Rules on Issue Price and the Industry ImpactMembers only Login
During this CDFA // BNY Mellon Development Finance Webcast, panelists Matthias Edrich of Kutak Rock and John Vahey of Bond Dealers of America share insight on the new proposal from the IRS affecting Issue Price for tax-exempt bonds.
Making Something Positive from Negative Arbitrage Re: Public Finance TaxMembers only Login
Michael Cullers from Squire Patton Boggs writes on arbitrage and how an issuer might be able to derive some benefit from current negative arbitrage by foregoing otherwise available exceptions to yield restriction.
Issuing Bonds - The RulesMembers only Login
Linda Schakel of Ballard Spahr LLP and Jeff Demonbrun of Gates Capital detail the various rules and items to monitor during issuance of tax exempt bonds.
Arbitrage Rebate and Bond Yield CalculationMembers only Login
Kristen Kalinowski with BNY Mellon explains tax restrictions on arbitrage, adjustments for guarantee fees, payments and swaps, how to calculate yield, and important considerations.
Introduction to Advance RefundingsMembers only Login
Jeff Freese from KeyBanc Capital Markets gives this presentation on the basics of refunding bonds. He reviews advance, current, and taxable refunding bonds, the basic mechanics of advance refundings, and gives some case study examples
Advance RefundingsMembers only Login
Robert Kaplan and Michael Graff with McGuire Woods cover advance refundings topics including: basics, general prohibitions, limitations, and arbitrage.
Issuing Bonds - The RulesMembers only Login
Ben Barker of the California Municipal Financial Authority and Linda Schakel of Ballard Spahr LLP detail the various rules and items to monitor during issuance of tax exempt bonds.
The Partners Involved: Bond CounselMembers only Login
Diane Quan of Hawkins, Delafield & Wood LLP covers the duties of bond counsel in bond deal structures.
Issuing BondsMembers only Login
Ben Barker of the California Municipal Finance Authority describes the many rules governing the issuance of tax-exempt bonds including the private business use test, use of proceeds, TEFRA hearings, compliance issues, and more.
2013 in Statistics: Refunding Opportunity Dries UpMembers only Login
Bond Buyer released their annual review of the municipal bond market, highlighting major trends and activities across the industry. Highlights include: refunding decline, insurance, state revenue outlooks and more.
Arbitrage Rebate & Bond Yield CalculationMembers only Login
Kristen Kalinowski with BNY Mellon explains tax restrictions on arbitrage, adjustments for guarantee fees, payments and swaps, how to calculate yield, and important considerations.
Advance Refundings - Basics, Limitations, Arbitrage & MoreMembers only Login
Robert Kaplan and Michael Graff with McGuire Woods cover advance refundings topics including: basics, general prohibitions, limitations, and arbitrage.
Accessing the U.S. Capital MarketsMembers only Login
Sidley Austin produced this excellent primer for entities interested in accessing the U.S. capital markets. This resource provides an overview of securities regulations and laws, the offering process, compliance obligations, exempt offerings, a...
BNY Mellon: Basic Arbitrage Compliance RequirementsMembers only Login
BNY Mellon presents on IRS arbitrage rules, yield restriction, samples, rebate rules, exceptions, and enforcement.
CIFA: Analysis of State Bond BanksMembers only Login
Council of Infrastructure Financing Authorities Analysis of State Bond Banks prepared by Government Finance Group broadly explains bond banks, components, and strategies.
IRS Conference: Arbitrage Yield Restrictions & Rebate ComplianceMembers only Login
The IRS Office of Tax Exempt Bonds provided this presentation on arbitrage yield restrictions and rebate compliance. Topics include an arbitrage overview, filing requirements, and the rebate claims process.
Private Activity Bonds in VermontMembers only Login
This presentation by the Vermont Private Activity Bond Advisory Committee reviews the use of private activity bonds and the state's volume cap allocation.
Governmental and Private Activity BondsMembers only Login
This presentation by Linda Schakel discusses state and local government bonds as well as private activity bonds. Topics include qualified management contracts, types of bonds, volume cap allocations, 501(c)(3) bonds, and arbitrage rules.
Overview of Tax-Exempt Bonds Compliance Issues & ProgramsMembers only Login
This presentation by James L. Held of the Internal Revenue Service (IRS) presents an overview of potential compliance issues related to tax-exempt bonds and the programs offered by the IRS to assist with self or voluntary correction.
Arbitrage Rebate and Yield Restriction ComplianceMembers only Login
Kristen Kalinowski from BNY Mellon gives this detailed presentation on the arbitrage and rebate. She discusses the basic rules of arbitrage, proceeds subject to rebate, exceptions to rebate requirements, and important documentation steps. among...
Rebate and How to Calculate Yield and RebateMembers only Login
Kristen Kalinowski from BNY Mellon gives this presentation outlining the basic steps for calculating yield and rebate. She gives an overview of the arbitrage laws, explains calculation and reporting requirements, and gives some example calculations.
CDFA Bond Finance Resource Center
The CDFA Bond Finance Resource Center is a one-stop hub for all of the resources, reports, headlines, and projects that CDFA collects and publishes related to bond finance. Find links to resource tags, market reports, original research, upcoming...
Advanced Bond Finance Reference Guide
The Advanced Bond Finance Reference Guide is written for professionals who already have an understanding of tax-exempt financing and seek detailed instruction on complex financing techniques, including the application of financial derivatives,...
Arbitrage Rebate and Yield Restriction ComplianceMembers only Login
Terry Burke and Brian Helming of BNY Mellon discuss arbitrage and yield rules and compliance in this presentation.
How to Calculate Yield and RebateMembers only Login
Brian Helming of BNY Mellon covers rebate requirements and the calculation of yield in this presentation.
Tax Arbitrage by Colleges and Universities
This Congressional Budget Office report examines indirect arbitrage by colleges and universities utilizing tax-exempt bond financing. The report was requested by Senator Charles Grassley (IA) to examine if colleges and universities are taking...
Overview of the Arbitrage Laws
This presentation given by Brian Helming from Pinnacle Arbitrage Compliance LLC examines the issue of arbitrage. It includes an explanation of how to calculate the rebate amount and other technical aspects of arbitrage transactions. The presentation...
CDFA Spotlight: Arbitrage and Rebate
This article explores the world of arbitrage and rebate. Arbitrage and rebate violations in various forms account for a very large percentage of issues audited by the IRS and, in turn, found to have violations. Learn the basics of arbitrage and...
Arbitrage and Rebate
This resource is a Olivia Shay-Bryne presentation about high yield investments. She defines arbitrage and rebates, and outlines the key terms of high yield investments. It includes case studies of recent 501(c)(3) deals.
Municipal Bond Enforcement Update – Requesting Refund of Arbitrage Rebate from the IRS
Mark Scott, Partner with the law firm of Vinson & Elkins provides a Municipal Bond Enforcement Update – Requesting a Refund of Arbitrage Rebate from the IRS. Mr. Scott is the former head of Tax Exempt Bonds at the IRS. This article has been written...
Displaying 1 - 40 of 40 Previous | Next | New Search

CDFA National Sponsors

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  • FBT Project Finance Advisors LLC
  • Fifth Third Bank
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  • Hawkins Delafield & Wood LLP
  • Ice Miller LLP
  • KeyBanc Capital Markets
  • Kutak Rock LLP
  • McCarter & English, LLP
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  • MuniCap, Inc.
  • NW Financial Group, LLC
  • Petros PACE Finance
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  • Stern Brothers
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  • Wells Fargo Securities
  • Wilmington Trust
  • Z. The Bond Buyer
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