Municipal advisory: IRMA and QIR

Under Dodd-Frank and MSRB rules, an issuer transacting a swap relies on the protection of an independent advisor, and dealers rely on the issuer having a Qualified Independent Representative before they will engage. Evercrest fills both roles. As your IRMA, we owe a fiduciary duty to the issuer and advise on strategy, structure, pricing, and documentation free of any dealer conflict. As your QIR, we provide the independent representation the regulations require, so your transactions proceed cleanly and your board has the comfort of knowing an independent expert reviewed every number. We are capital markets specialists, not solely a derivatives advisor, which is why issuers bring us into their more complex financings. Beyond swaps, we advise on debt structuring and pricing and take on general financial advisor roles, applying the same rigor to the broader capital structure. The QIR role extends beyond interest rates. We also serve as QIR and advisor to municipal and transit clients on fuel and commodity hedging, covering diesel, gasoline, and natural gas, where we run competitive counterparty auctions, negotiate the ISDA, verify pricing against an independent mid, and provide the ongoing monitoring and reporting these programs require. Evercrest is a registered Municipal Advisor with the SEC and MSRB, a CFTC-registered Commodity Trading Advisor, and an NFA member, and serves as QIR for governmental Special Entity clients under Dodd-Frank.