行贷款产品介绍.pptVIP

* Part 1: Basic Loan Information 第一部分：基本贷款信息 Under new terms, both are now “options”. Variable is currently cheaper, but riskier 浮动利差，较便宜但风险较高 Fixed is more expensive, but will never change until maturity 固定利差较贵，但还款期内固定不变 USD, EUR, JPY 美元，欧元，日元 If “Capitalized”, easier on budget allocations, but borrower ends up paying interest on this amount, since it becomes part of the principal 如果“本金化”，预算分配较容易，但因为先征费作为本金的一部分，须支付利息。 If “Paid”, IBRD must have received payment before it can disburse 如果现金支付，世行要先收到先征费才能支付 1st or 15th of any 2 months 6 months apart. Should not be difficult dates (ex: local holidays)每隔6个月的1号或15号，不要选择复杂日期 * * Part 2: Repayment Terms 第二部分：还款条款 First Principal Payment is 6 months after Grace period.第一个本金还款期是在宽限期之后6个月 Ex: 5.5 years Grace means first principal repayment is on Year 6 Counted from the Board Date从董事会批准日算起 Is maximized when Board Date shortly after Payment Date Total includes Grace Period. 包括宽限期 (Max 30 Years) Level: Principal amount is always the same 等额本金偿还 Annuity: Principal plus Interest is estimated to be as “same” as possible 本金加利息每期相等 Bullet: one single principal repayment 本金一次偿还 Tailored: Anything goes, for Fixed and Variable options!! 自定义还款 Reminder of new IBRD limits提醒: -- Total Repayment Limit: 30 Years 最长偿还期30年 --Weighted Average Maturity Limit: 18 Years平均还款期18年 --Determined at loan level, not country 针对贷款，非国家 --No tradeoff within portfolio 不能交换 See presentation on Amortization for further details Preferred for On-Lending operations.推荐用于转贷项目 Level only for the moment. 目前只有等额本金偿还 * Part 3: Conversion Terms 第三部分：转换条款 These are for inclusion as “embedded” options in loan agreement, to be used at borrower’s request in the future. They do not cause any action 包含在贷款协议的内嵌选择里，将来由借款人申请使用。不需要其他行动。 Causes a Currency Swap simultaneously with each Disbursement. 货币调期与支付同时进行 Causes an automatic interest rate swap at end of each period or when disbursed threshold is reached 支付限额达到时，每期末进行自动利率调期 Required to ensure decision of borrower