Our business is quite straightforward: we sit exclusively on the borrower’s side of the table to develop and implement strategy, to assist in the evaluation of proposals from the borrower’s managers and from other potential counterparties, to make sure the borrower gets the best pricing and the best terms from the dealers, and to provide the borrower with on-going support in managing its derivative and debt portfolios.
We advise on all types of debt offerings and provide recommendations on debt mix (fixed/floating rate), product selection (VRDNs, floating rate notes, put bonds, tax-exempt and taxable fixed rate bonds, direct purchase programs, synthetic floating rate programs, etc.), term, amortization structure and optional redemption provisions. We also assist in the solicitation, evaluation and negotiation of proposals from underwriters and credit facility providers.
SFG aids clients as they navigate the regulations which now govern the derivatives market, following the enactment of the Dodd-Frank Act. We help clients make the necessary representations (including Eligible Contract Participant status) and assist clients in obtaining a Legal Entity Identifier (LEI), also known as a Global Markets Entity Identifier (GMEI). SFG acts as a Qualified Independent Representative (QIR) and is registered as a Municipal Advisor with the SEC and registered as a Commodity Trading Advisor (CTA) with CFTC.
SFG performs mark-to-market valuations, monitors derivative payments and runs hedge effectiveness analyses necessary for achieving hedge accounting treatment under the FASB and GASB guidelines.
We have long and thorough experience in negotiating many forms of ISDA documents, including ISDA masters, schedules, credit support annexes and confirmations. Having negotiated documents on behalf of hundreds of clients, we are one of the few firms that can help level the playing field on your behalf.
SFG is retained as an expert witness involving disputes over the settlement or valuation of derivative transactions. We have also supported clients in various litigations and have participated in over twenty-five mediations with Lehman Brothers.
Yield curves show fixed swap rates payable in return for receiving 1moLIBOR and SIFMA, respectively.