[ARTICLE] DPC DATA COVID-19 disclosure tool debuts while filings temporarily fall
The Bond Buyer's July 23 article highlights our new COVID-19 flag feature.
DPC DATA’s new COVID-19 disclosure tool received favorable coverage in this article by The Bond Buyer’s Innovation Editor, Lynn Funk.
The article highlights DPC DATA ability to identify and tag only those disclosures which are truly COVID-based. This new disclosure tool for MuniPOINTS was well-received by industry members.
A Philadelphia-based strategist was quoted, “We have to anticipate that issuers will be listening closely to their lawyers, monitoring the ever- changing dynamics of their coffers due to this health crisis. So, yes, providers like DPC … will help in their efforts and provide investors with a clearer vision of what’s to come.”
Also quoted was a New York trader, who said, “At the end of the day, this market needs everything it can get its hands on to understand what the pandemic is doing to state and local governments’ credit, so I welcome as many tools in the toolbox.”
As DPC president Ken Hoffman pointed out, “While the Municipal Securities Rulemaking Board (MSRB) has been helpful in posting aggregated COVID-19 disclosure data on its EMMA site, ours is the first and only tool available that allows market participants to flag COVID-19 related disclosures at the individual bond level.”
Coronavirus-related disclosures drop
The story points out the number of coronavirus-related disclosures, despite a slight increase over the week ended July 19, is still well below levels seen since March at the start of the pandemic. In an MSRB report released weekly, COVID-19-related disclosures for the week ending July 19, reached just over 700 filings. Less than a month prior, issuers filed 1,200 weekly disclosures.
Access the article pdf here.