Testimonial – Auction Rate Securities Auction
October 12, 2015“Automating the cumbersome auction reset exchange process makes it a tremendously more appealing option for both investors and issuers. This service not only makes these highly complex financial transactions easier to execute, but also makes them more profitable for investors and issuers alike.” Michael Diaz Vice President, Wilmington Trusts Specialty Corporate Trust
New York Metropolitan Transportation Agency — Open Auction Success Story
New York Metropolitan Transportation Agency — Open Auction Success Story The New York Metropolitan Transportation Authority (MTA) competitively sold their $500 million Dedicated Tax Fund Bond Anticipation Notes using Grant Street Group’s MuniAuction® platform, attracting 15 underwriters who submitted 106 bids. MTA allowed underwriters to submit partial bids. After 20 Two-Minute Rule auction extensions, eight… Read more »
Testimonial – Foreclosure and Tax Deed Auctions
“Grant Street Group’s online ClerkAuction solution allows us to effectively and efficiently process foreclosure and tax deed sales. The convenient online auctions help our office and our citizens save time and money. In addition to their reliable and user-friendly product, their staff is a joy to work with and consistently provides superior customer service.” Joseph… Read more »
Testimonial – Global Securities Lending
“We were pleasantly surprised by how smoothly this first auction proceeded. We plan to conduct similar auctions regularly in the future, because we believe the auction format will help us to get the best available prices for our customers’ securities rapidly and efficiently.” Dessie Bonacci Vice President, Mellon Financial’s Global Securities Lending Group
Testimonial – YieldAuction
“This new process greatly enhances our chances of getting the most favorable interest rates on our investments. I was also pleased to see that many of our Pittsburgh Community Reinvestment Group partner banks are participating in the bidding process.” Chris Berdnik Former Director of Finance, School District of Pittsburgh
Testimonial – Tax Credit Auctions
“For the first time in our nation’s history, a state has successfully held an online auction to raise funds for a venture capital program and as a result, Maryland will infuse $84 million in venture capital into our Innovation Economy to create jobs.” Former Maryland Governor Martin O’Malley
Testimonial – Zions Direct Auctions
“Bidding on CDs through an auction process is the latest and, we believe, most innovative method for pricing these investment products. The phenomenal success of Internet auctions leads us to believe that the market is ready to accept a similar model for financial products.” W. David Hemingway Executive Vice President Zions Bancorporation
Testimonial – LienAuction
“Partnering with the Grant Street Group to host our online tax certificate sales has been one of the best decisions we’ve made! Our vision is “Expect Excellence” and knowing that, they take on our expectations and provide excellent service to our buyers and to us. They truly take care of their customers. You really can’t… Read more »
Testimonial – Tax Deed
“The time to process approximately 2,000 [tax deed] cost estimates for a single tax certificate holder was reduced from 3 man weeks to 27 minutes.” Charles Thomas, Tax Collector, Pinellas County