DBC® Student Loan

DBC Student Loan is the most widely used modeling and structuring program for the structuring and cashflow analysis of student loan revenue bonds. DBC Student Loan is used for valuing and surveillance of portfolios, structuring new issues, securitization modeling, and credit analysis.

Key Benefits• Market-provensoftwareproducesreliableresults.

• Frequentupdatesmeansyoukeepcurrentwithindustryinnovations.

• Ourexperiencedsupportteamprovidespromptassistancetoyourstaff.

Key Features• Sizesandstructuresbondissuesbasedonneedstofundloans,reservefunds,andexpenses.

• Modelsassets,liabilities,investmentsandtheflowoffundstoprojectforwardcashflows

• Batchprocessesunlimited“what-if”scenarioswithdifferentassumptionssuchasprepaymentmethods,loanassumptionsorloanoriginations.

• Runsallthetestsrequiredbyissuers,bondcounsel,insurersandratingagenciesincludingyieldanalysisandCAB-remaindersensitivitytestsatonetime.

• Generateseasy-to-readreportswithmultiplefrequenciesanddetaillevelswhichprovideafullaudittrailofallcalculations.

Loans• SupportsallFELPloansincludingStafford,Consolidation,PLUSandSLSloans.

• ModelsgraduateschoolloanssuchasMedLoans,LawAccessLoans,MBAAccessLoans,HealthEducationAssistanceLoansandTERIloans.

• Supportsmostalternativeloanprograms.

• HandlesfullorpartialreimbursementforFederally-insuredloans.

• Handlesannual-resetloantypeswithindex-basedrateformulas.

• Modelsdefermentsandforbearancesfully.Negativeamortizationsupportedfornon-subsidizedloans,deferralsandforbearances.

• Forecastsdefaultsandsetsrecovery/reimbursementlags

• Definespaymentlags,delinquencies,CPRandSMMprepayments.

• Recyclesloanreceiptsorexcessinterestintonewloans.

• ManagesSAPandIn-SchoolInterestsubsidy

• Modelsloandefaultsand‘rainy-day’reservefunds.

• Chooseoneoftheper-unitorpercentagebasedservicingcoststhatareincludedforallmajorstudentloanservicersorspecifyanytypeofloanservicingfeeschemeforeachportfolio.

• Supportsinterestratereductions(borrowerincentives)foron-timeanddirectdebtborrowers.

FormoreinformationonDBC,pleasecontactus.

The Industry Standard

Debt Structures • Easilyaccommodatesmultipledeliverydates,distinctinterestpaymentormaturityfrequencies,andoverlappingmaturities.

• Structuresfloatingandfixedratedebt,Dutch-auctionbonds,taxablediscountcommercialpaper,linesofcreditforloanpurchasesandletterofcreditfacilities.

• Setsupacommercialpaperwarehousingfacility.

• Performstax-exemptbondandloanyieldcalculationsandarbitragerebateliabilityestimates.

• Modelsseniorlienbondswithtwotiersofsubordinateddebt.

• Createsmultiplebondredemptionschemes.

• Redeemsbondsusingvariousmethodsincludingsequential,pro-rata,ortargetedwithPAC/TACschedules.

• Prioritizeseachmaturityinauser-definedcallhierarchy.

• Allocatesredemptionmoniesbyratioorpercentageoftheentireissueorgroupsofselectedmaturities.

• Runscleanupcalls.

• Modelsunlimitedprogramexpensessuchasadministrationfees,remarketingfees,bondinsurance,lettersofcredit,ratingagencies,costofissuanceandunderwriter’sdiscount.

• Loanprice/yieldtoolcreatesreportsthatsummarizetheyieldeffectsofpurchasepriceandABI.

• DiscountorIRRanycalculatedcashflow.

• DiscountmargintablesandBloomberg-compatibleABSreporting.

DBC Student Loan Template Manager • Createsalibraryofstandardizedstudentloaninputassumptionstosaveentrytimeandreduceerrors.

• Definesuptothirteentemplatetypes:interestratemechanism,SAP,interiminterestoptions,borrowerratereductioneligibility,default/losscurves,defermentandforbearance,paymentlags,delinquency,servicingfees,prepaymentsandloansales,loanforgivenessandvaluationforparitycalculations.

• Automaticallypopulatestheloanportfolioinputscreensandcreatesstressscenarios.

• Processesallstresstestssimultaneously.

• Referencesanynumberofdifferenttemplatesinadeal.

• Usesuniversaltemplatefileswithanyissuerorseries.

DBC Student Loan Consolidation• Producescombinedcashflowsforaproposednewissue/securitizationwiththeoutstandingbondissues/securitizationsthatareonparitywiththenewissue.

• Simultaneouslymodelsmultipleseries,assetsandliabilities,andproducesaggregatereports.

• Usessurplusesfromoneseriestoreplenishreservefundsorotherdeficienciesinanyotherseries.

• Usessurplusestore-originateadditionalloans,callbonds,investinreservesorbedistributedtotheissuer.

• Directssurplusesand/orloanprincipalreceiptstocross-callbondsofanotherseriesintheindenture.Cross-callingmethodsincludetransferstospecificallytargetedseriesorhighestcouponcallsamonganyseriesthataresubjecttoacross-calloption.

• Applyindenture-levelreservefundsandprogramexpensestoanyselectionofseries-levelcomponents.

• Runconsolidatedcashflowsformultipleissueswithinamastertrust.

DBC® Student Loan

© 2010 SS&C Technologies, Inc. DBC is a trademark of SS&C Technologies, Inc.