AnIntroductiontotheBusinessofBanking教学教程幻灯片.ppt

* Project loans may be granted on a recourse basis, in which the lender can recover funds from the sponsoring companies if the project does not pay out as planned. At the other extreme, the loan may be extended on a non-recourse basis, in which there are no sponsor guarantees; the project stands or falls on its own merits优劣. In this case, the lender faces significant risks and, typically, demands a high contract loan rate to compensate for them. Many such loans require that the project’s sponsors pledge enough of their own capital to see the project through to completion. * Loans to Suppor