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SAN FRANCISCO – Bond Logistix LLC (“BLX”), a wholly-owned subsidiary of Orrick, Herrington & Sutcliffe LLP, announced today that it will offer its clients swap advisory services. Interest rate swaps, after emerging in the municipal market place over the last decade, have become a commonly used and effective tool in the asset/liability management strategies of municipalities and their related entities.

As an advisor and consultant to hundreds of state and local governments, BLX has experienced a steady increase in the demand for swap services and at the request of existing clients has assisted with evaluating, acquiring, and terminating various interest rate swaps.

“Given the increase in swap use, it is a natural fit for BLX and more importantly for our clients,” said BLX President Craig Underwood.  “BLX’s extensive resources allow us to analyze and advise issuer clients on a broader and more comprehensive level than most firms practicing in this area.”

Consistent with its other service areas, BLX will provide all-inclusive swap advisory services from concept to post-trade management, including: development of internal swap utilization policies; independent evaluation of proposed interest rate swap structures; risk assessment and stress-testing evaluation; swap structuring and pricing services; competitive bidding services; swap documentation review and consulting; fair market pricing certification; termination valuation and negotiating services; swap position monitoring and reporting services.

Bond Logistix LLC, is a consulting and SEC-registered investment advisory firm. Focused on the needs of state and local governments, Bond Logistix offers a comprehensive range of financial and consultative services to the public finance community.  For more information, please contact Craig Underwood at 213-612-2463.

About Orrick
Orrick, Herrington & Sutcliffe LLP is a global law firm with more than 1,100 lawyers in North America, Europe and Asia. The firm focuses on litigation, complex and novel finance and innovative corporate transactions. Orrick clients include Fortune 100 companies, major industrial and financial corporations, commercial and investment banks, high-growth companies, governmental entities, start-ups and individuals. The firm's 22 offices are located in Beijing, Berlin, Düsseldorf, Frankfurt, Hong Kong, London, Los Angeles, Milan, Moscow, New York, Orange County, Paris, Portland, Rome, Sacramento, San Francisco, Seattle, Shanghai, Silicon Valley, Taipei, Tokyo and Washington, D.C.

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