01
NowAlign the mandate
Lock the issuer objective, target raise, investor promise, Structure F baseline, decision rights, and definition of a successful placement.
Slipstream placement program / UBTC
From a modeled bond to an executable placement.
The Structure, Options, and Prediction Markets labs define the product. This workspace turns that research into owners, evidence, counterparties, investor conversations, and closing gates.
Working definition of successA fully funded bond—not merely an attractive model.
Terms must be investable, the protection must be executable, counterparties and advisers must be engaged, and a qualified book must clear at terms UBTC will accept.
Current stageFormationMandate and product lock
Roadmap6 stagesThrough post-close operations
Workstreams active3 / 130 complete · 0 blocked
Outbound source list48 targets43 direct · 5 short links
Engaged0Updates as statuses change
This is a suggested execution framework, not evidence of a mandate, investor interest, counterparty capacity, regulatory approval, or a guaranteed placement. Update statuses only when the underlying evidence exists.
Critical path
Six gates to a successful bond placement
Run workstreams in parallel, but do not treat modeled economics as market-ready until the external risk, legal, operating, and distribution gates are supported.
02
NextMake it bankable
Convert modeled protection into financeable guarantor, hedge, collateral, custody, and operating terms with named counterparties.
03
Pre-marketBuild the diligence package
Prepare the model, risk factors, legal and tax analysis, accounting treatment, waterfall, reporting package, and data room.
04
PilotValidate investor demand
Use targeted education and confidential conversations to test buyer fit, objections, size, tenor, coupon, liquidity, and required protections.
05
LaunchPrice and place
Appoint distribution, finalize documentation, launch the book, manage allocations, lock hedges, and coordinate settlement.
06
Post-closeOperate after close
Run collateral, options, covenant, investor-reporting, valuation, and incident-response processes for the life of the bond.
Execution register
Owners and evidence
3 working0 complete0 blocked
| Stage | Workstream | Required deliverable | Suggested owner | Status |
|---|---|---|---|---|
| 01 | Mandate | One-page placement brief and success criteria | UBTC + Slipstream | |
| 01 | Product | Structure F terms, waterfall, sensitivities, and investor promise | Slipstream | |
| 02 | Credit support | Guarantor appetite, capacity, economics, and draft term sheet | Unassigned | |
| 02 | Risk transfer | Options, insurance, prediction-market, and OTC indications | Slipstream | |
| 02 | Market data | Create Alpaca paper API keys, verify the IBIT chain locally, and select a secure hosted proxy | UBTC | |
| 02 | Operations | Custody, collateral, trustee, valuation, and settlement design | Unassigned | |
| 03 | Legal and regulatory | Issuer, securities, collateral, enforceability, and distribution analysis | External counsel | |
| 03 | Tax and accounting | Tax characterization and accounting treatment memos | External advisers | |
| 03 | Marketing | Teaser, deck, FAQ, model outputs, and controlled data room | Slipstream + UBTC | |
| 04 | Distribution | Placement agent shortlist, role, economics, and engagement | Unassigned | |
| 04 | Investor validation | Prioritized anchors, conversation log, objections, and demand ranges | Slipstream | |
| 05 | Execution | Launch approvals, final terms, bookbuild, allocations, and closing checklist | Deal team | |
| 06 | Lifecycle | Post-close reporting calendar, controls, owners, and escalation plan | UBTC |
Placement discipline
What must be true before launch
- Terms clear a real buyer.
Confidential demand work supports the target coupon, tenor, size, liquidity, and protections.
- Protection can be purchased.
Guarantees and hedges have matching terms, capacity, collateral, enforceability, and executable pricing.
- The operating chain is complete.
Issuer, custodian, trustee, calculation agent, settlement, reporting, and exception management are owned.
- The book survives diligence.
Model, disclosure, legal, tax, accounting, and risk materials reconcile to one controlled set of assumptions.