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MuniDeals.com®
Introducing The iStatement™
Technology Made It Possible
The MSRB Made It Legal
MuniDeals.com® Made It Happen
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MuniDeals.com®
The iStatement™
A New Era In Municipal Disclosure
MSRB Rule G-32: Disclosures in Primary Offerings July 1, 2009
Major Themes Of the Ruling
MuniDeals.com®
Digital format of Official Statements and Continuing Disclosure information is efficient, cost effective and so widely used and accepted, that it is the only media acceptable by the MSRB for document filing.
Compared to printing and mailing disclosure materials, electronic file transfer of financial information over the Internet is an inexpensive and immediate form of communication.
When it comes to disclosure, NOTICE equals ACCESS and
ACCESS equals DELIVERY
Creation of The Qualified Portal as the vehicle to substitute the mailing of the printed Official Statement with a Notice of Accessibility.
The iStatement™ allows market participants faster access to information at less cost.
MuniDeals.com®
The Original Qualified Portal Of The MSRB July 10, 2009
The iStatement™ eliminates the fulfillment and shipping costs of the underwriter.
The iStatement™ replaces urgent & express mailing of printed Official Statements to the bond purchaser before the trade settles.
The iStatement™ adds productive time into the underwriter’s distribution window.
The iStatement™ shifts document order processing overhead away from the
underwriter.
MuniDeals.com®
• Paper Official Statements are printed & shipped in limited quantity for the working group and others who want a paper copy for their records.
• Compliant with MSRB Rule G-32 (a)(iii)(B)
• Is a Notice, that MuniDeals will help distribute to the bond purchaser, advising them that the Official Statement:
• Is available to view at the MuniDeals Qualified Portal• Is available to view at EMMA web site• Printed version, can be ordered, free of charge, directly from the
MuniDeals Qualified Portal.• MuniDeals will print it on demand and mail it to them the next day, free of charge.• Underwriter gets a record of the requests for books and proof of mailing
for compliance.
The iStatement™
No more missed deadlines and headaches from your printer
The Traditional Official Statement
• Paper Documents• Printed in bulk• Expensive to make• Time consuming• Express mailed to Working Group• Express shipped in bulk to fulfillment house• If (when) it arrives at fulfillment house, it is stored, then express shipped to bond buyers by settlement day• Expensive to handle• Expensive to process• Expensive to store
MuniDeals.com®
New Rules allow delivering a Notice to the bond purchaseras an alternative to shipping the paper Official Statement
• This NOTICE informs the bond holder that the document can be ACCESSED via the Internet, where it can be
• Viewed• Stored• Printed by the user
• Must be coordinated through a Qualified Portal capable of
mailing a paper copy of the Official Statement upon request.
• Notice can be in paper and mailed to the customer or electronic for digital transmission to the bond purchaser
MuniDeals.com®
Option 1: The Electronic iStatement™ Use the MuniDeals Qualified Portal as an extension of the
underwriter's I.T. platform
Modify your existing electronic confirmation platform to include a message containing the Notice of Availability of the Official Statement on both the
EMMA site and MuniDeals.com.
The bond purchaser can request a printed copy directly from our Qualified Portal and MuniDeals will notify the underwriter and confirm the mailing of the OS.
Brokerage Account – Client Profile
MuniDeals.com®
Option 2: The Printed iStatement™ This merges the Notice and Official Statement cover into a postcard
that we mail directly to the investor on behalf of the broker.
Provide us with the mailing list of bond purchasers and we will mail the
iStatement™ via 1st Class Mail – saving time and money
MuniDeals.com®
Paper or electronic, the iStatement™ is an integrated application of the Internet, digital file transfer services, print on demand capabilities, and direct mail to the client.
It is specific to the offering and can be modified as desired.
It maintains the branding identity of the underwriter.
MuniDeals.com®
The traditional model of disclosure has not changed much in the past 70 years.
The iStatement™ disclosure platform by MuniDeals applies the power of the Internet to the practice of finance in a very practical way.
It is effective, efficient, flexible and compliant.
Eliminate urgent distribution of printed Official Statements to bond buyers.
Take advantage of this opportunity to increase margins and save the issuer shipping and printing costs.
Let us replace your back office with the new era of municipal disclosure.
The iStatement™ is part of an integrated service including initial printing, web hosting, Notice distribution,
post offering print-on-demand and client mailing - that are fee based and part of the printing cost of issuance.
MuniDeals.com®
This Notice & the Qualified Portal of MuniDeals.com®
Changes Everything
The life cycle of the Official Statement has matured to a digital bias with limited printing as needed. Municipal disclosure will never be the same.
MuniDeals.com®
“Nothing is more powerful
than an idea whose time has come.” – victor hugo
The iStatement™
A New Era In Municipal Disclosure
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Let us show you how we can put this powerful technology to work for you.
For additional information and further discussion, please contact us.
800. 813.1691
iStatement™ by MuniDeals.com®
Copyright © 2009 MuniDeals, LLC all rights reserved. Patent Pending
