项目融资第21讲(新).pptx

Project Finance Presented by: Yin Zhijun;Strategic default Retainer fee Commitment fee Up-front management fee;The participant bank plays no other role than to ( ). A. underwrite part of the loan together with the arranger B. make funds available in accordance with the agreed contractual terms C. draft documents concerning the loan D. manages the SPV’s cash flows and payments;Which of the following concerning fees for advisory services is WRONG? ( ) A. Retainer fee: This covers the advisory’s costs during the study and preparation phase of the deal B. Success fee is paid by sponsors once the study and planning mandate has led to a successful conclusion C. It is much more logical to base the success fee on the total investment D. planning deals with the highest possible debt-to-equity ratio obviously benefits on the rate of return for the SPV’s sponsors;Which of the following is WRONG? ( ) A. If mandated lead arranger operates on a committed basis, it will be paid a higher arranging fee B. The up-front management fee received by participating banks also comes out of the arranging fee paid by sponsors to the mandated lead arranger C. The loan amount committed but not used doesn’t need SPV to pay a commitment fee D. The amount of the agency fee will depend on the number of banks participating in the pool;The role of share capital to support and finance the planning, study, and feasibility analysis stages up to preparation of the business and financial plans to be submitted to lenders To make the project safer for lenders;Equity 1. The register capital——initial capital, a minimum amount 2. The remaining capital——the majority of the equity Three alternatives to pay in the majority of the equity 1. Paying in the remaining capital before starting to draw on the loan granted by banks——initial payment 2. Paying in the remaining capital after the loan facility has been fully utilized——final payment 3. A clause establishing pro-rata payments——pro rata payment;The