Your course director has spent more than 40 years in the banking and financial sector, much of it in a senior managerial/Director role. He is a former Institute of Banking Lecturer, having gained distinctions in the exams. He is a subject matter aspect on all aspects of retail, corporate and global banking, including risk management and regulatory compliance. He has lectured extensively to both leading global financial institutions and to smaller bespoke specialists. He has delivered extensive programmes in all parts of the world including the USA, Europe, MENA, Africa and Hong Kong. He is currently an accredited Master Trainer at the world’s biggest global bank.
Project Finance is an essential element of any bank’s product range and is an attractive proposition, done well.
It usually involves large and creditworthy clients, seeking significant sums to construct something that will take between 3-7 years (typically) to build and which will generate sufficient cash-flows on completion to service and/or repay the loan, pending refinancing or sale.
This course considers a range of project deals from £35m upwards to several £billions to ensure it will appeal to delegates from all types of bank backgrounds, not just Global Banks.
The text-book definition of Project Finance reads:
“The raising of finance on a limited recourse basis, for the purposes of developing a large capital- intensive infrastructure project, where the borrower is a special purpose vehicle and repayment of the financing by the borrower will be dependent on the internally generated cash-flows of the project”
What does this mean in practice and just how limited is “limited recourse”? As well as dealing with these questions, this course examines the role and availability of project finance in the current market place.
Using numerous case studies, the course will consider projections, cash-flows and balance sheet analysis to an appropriate level. It will include the main principles such as a thorough review of the roles of the different parties in the transaction, an examination of the four different phases of the project, the risks in all their various guises, the methodology behind the construction of the cash-flows and the techniques deployed in their evaluation.
We also examine the structure of the transaction, the legal and documentation aspects, and the essential due diligence procedures and most importantly the source of repayment. This will include a review of the various PPP schemes in use
The course also has specific case studies devoted to the more specialist areas of Oil & Gas finance, Mining, LNG and Renewable Energy.
Your course director has spent more than 40 years in the banking industry, much of it in Global Banking and Trade at all levels of client, not just as an academic or consultant but as a bank manager initially rising to main board director level. He is a former Institute of Banking Lecturer. He has lectured extensively to all the leading global banks including the world’s largest institutions. He has delivered extensive programmes to banks in all parts of the world including the USA, Europe, MENA, Africa and Hong Kong. He is currently an accredited external Master Trainer for the world’s biggest trade finance bank.
Case study: A course length project based on a real life case and chosen for its appeal to delegates. At this, the “application stage” we consider the parties and their impact on the project
Case study: Melchester United – a fictional applicant for finance to buy a football club based on a real case.
Case study: Back to the course long case study looking now at the appraisal and feasibility aspects.
Case study: Building a hotel above an airport car park. What are the risks? Based on a real life case with a surprising outcome
Case study: A brief look at the programme for the course long case. Are there aspects which should please and/or trouble us?
Case study: “Northern Water” – a fictional high risk project which only works if it is structured properly.
Case study: A review of projections to highlight the areas of concern and greatest risk as well as the comfort zones.
Case study: Looking at a report on the course long project. What does it tell us in practice? What should we do?
Case study: Looking at different structures to understand why each one is used and what risks arise as a result.
Case study: Using the course project, what sources of funding should be used and why. What should we do if the client wants a different approach?
Case study: The course length project starts to go wrong as a result of unmitigated risks. What should we do? What can we do?
Case study: The course length project is still in trouble. We are asked to review the security and our options.
Case study: Our case study needs serious help. What are our options?
Case study: Our case study is complete and is a success. What are the re-financing options and how can we assist
Oil & Gas Finance – Case Study
Mining Finance – Case Study
LNG – Case Study
Renewable Energy – Case Study
This project finance training course is designed to answer a range of important and necessary questions within the finance industry and as such covers a range of important topics such as PPP and Reserve accounting. We will also look at profit and loss importance and managing infrastructure projects.
Our courses all form part of different courses - please see courses related to Project Finance below:
Training Course Name
|Debt Finance||Debt capital, P&L Finance,Cashflow|
|The Project Finance Course||Aviation, reserve accounts, balance sheets, equity capital|