February 24 - 28, 2020

Fundamentals of Public Finance Seminar

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PFM’s Fundamentals of Public Finance Seminar is an intensive week-long course. The course covers a broad range of topics, including overviews of:

  • Basic finance concepts
  • The capital markets generally and the municipal debt markets specifically
  • The analytics and processes associated with sizing, structuring, marketing, and pricing municipal bonds
  • Key market players
  • Municipal credits
  • Capital structure development
  • Bond proceeds investment
  • Arbitrage rebate
  • Pension and OPEB investment considerations
  • Derivative products such as interest rate swaps
  • Strategic budgetary consulting

This course qualifies for up to 35 hours of CPE credit (31 Finance, 1 Economics, 1 Tax,
1 Behavioral Ethics, 1 Specialized Knowledge).

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February 24 - 28, 2020

For purposes of planning travel, the Seminar will begin at 8:30 AM on Monday, February 24, 2020 and will conclude mid-day on Friday, February 28, 2020.

DAY ONE — Monday

  • Finance Basics
    • Time value of money
    • The yield curve
  • New Money
    • Elements of size
    • Structure
    • Yield implications

DAY TWO — Tuesday

  • Refundings
    • Types
    • Economics
    • Escrows
    • Transferred proceeds
  • Refunding Analysis
    • Maturity-by-maturity screens
    • Option valuation analysis
    • Arbitrage considerations
  • Tax Reform - Municipal Market Update
  • Introduction to Munite & Investor Relations
  • Retirement Finance & OPEBs
  • Financial Sustainability & Resilience
  • Economic Update


DAY THREE — Wednesday

  • The Intersection of Bond Proceeds Investing
         & Arbitrage Rebate Compliance
  • Treasury Management Update
  • Fixed-Income Portfolio Management
  • Multi-Asset Class Management Update
  • Cash Optimization Strategies 
  • PFM Diversity & Inclusion Update
  • PFM & MWBE firms

DAY FOUR — Thursday

  • Bond Pricing
  • PFM Solutions - Synario
  • Swap Introduction & Applications 
  • Swap Valuations & Monitoring

DAY FIVE — Friday

  • Municipal Advisory Regulations & Contracts 
  • Alternative Project Delivery & P3's


Seminar Location

1735 Market Street
43rd Floor
Philadelphia, PA 19103
Phone: 215.567.6100

Get Directions


Hotel Information

PFM has secured discounted rooms for its guests at the Sofitel Philadelphia conveniently located about two blocks from PFM's Philadelphia office.

Rates at the Sofitel Philadelphia are $165.00 per night. To make reservations, please call 215.569.8300 or make online reservations here.

Please note that reservations must be received by February 3, 2020. Those reservations not received by the cut-off date will be subject to space availability and prevailing rates.

Sofitel Philadelphia
120 S 17th Street
Philadelphia, PA 19103
Phone: 215.569.8300

Get Directions


When making your reservations, please mention that you are with the PFM event.

Other nearby hotels

There are several other hotels within walking distance to PFM's offices. However, PFM does not have a discount with these hotels.

Embassy Suites
1776 Benjamin Franklin Parkway
Philadelphia, PA 19103
Phone: 215.561.1776

Get Directions

The Westin
99 South 17th Street at Liberty Place
Philadelphia, PA 19103
Phone: 215.563.1600

Get Directions


The Logan Hotel
One Logan Square
Philadelphia, PA 19103
Phone: 215.963.1500

Get Directions


The Sonesta Hotel
1800 Market Street
Philadelphia, PA 19103
Phone: 215.561.7500

Get Directions


Frequently Asked Questions