CONTENTS
- 1. Project financing(PF) | Definition
- - Differences between corporate finance
- 2. Project financing(PF) | Major participants
- - (PFV)
- - Employment and Intermediate
- - Business Area
- - Company
- - Investors and Funds
- - About Us
- - Copyright (c) 2014. All Rights Reserved.
- 3. Project financing(PF) | Trading structure
- - Type
- - PFV
- - PF-ABCP
- - Indirect Investment Organization (Fund)
- - Real Estate Investment Company (REITs)
- 4. Project financing(PF) | Work guide
- - Economicity and profitability analysis of project
- - Establishment and role definition of special purpose company (SPC)
- - Secure the clarity of the contract structure
- - Setup and warranty system check
- - Financial structure and fund flow management
- - Legal and Compliance Checkout
- 5. Project financing(PF) | Legal support
1. Project financing(PF) | Definition
“How much can this project be profitable” is the structure that is the core base of funding. News /span>
The future cash flow to generate is the source of money returns, and is the principle of funding without the guarantee of business owner or company. News /span>
Differences between corporate finance
The general corporate finance supports funds based on credit degree and financial stability throughout the enterprise, but the project financing is based on profitability and future cash flow of certain businesses.
In this case, there is a financial structure that focuses on the economicity of the project itself.
i., general corporate finance is based on the responsibility of the entire enterprise, but Projects focus on individual risk and profit of the project. News /span>
special purpose?
Generally established to separate assets and risks; There are many reasons to operate as a limited company that minimizes external interference and limits liability.
if the purpose of the business is achieved, it is common to be dispersed or absorbed into other corporations, it is also used as a function-oriented paper company than the actual.
2. Project financing(PF) | Major participants
project financing is not a single corporate funding, but it is a structure that is complexly tangled by various subjects. News /span>
Each participant has its own legal and contractual responsibility and right, is very important to the stability and legal risk management of the project.
(PFV)
Generally SPC (special purpose company) or PFV (project finance company) form is established and becomes legal subject of business execution. News /span>
Employment and Intermediate
is a key participant that actually takes the construction of the project, News /span>
If the construction is done through a low-level company, there is a dispute with the construction cost of construction. News /span>
Business Area
PF With the main body that provides a deposit, In the early business, Bridgeron, Main PF In the stage, lend long-term funds.
Delivery of collateral for loans, Record request, Reproduction(ABS, ABCP)
Company
Construction of the operator's management and disposal,
The real estate method has advantages to increase the transparency of funds and protect the bonder. News /span>
Investors and Funds
PF is a capital provider that participates in indirect investment methods in structure. News /span>
You can participate in the loan or equity investment form through the fund, Combined investors and trusters are responsible for the operation and management of the fund. News /span>
About Us
to the end consumers that are distributed after the completion, to contribute to the realization of the project's profits through contracts and payment. News /span>
to the course of the course, may result in legal disputes depending on the season. News /span>
Copyright (c) 2014. All Rights Reserved.
Experience institutions such as large stocks are deployed risks through conjunctivities, In addition, various stakeholders such as project investors, mortgages, cooperative companies are essential. News /span>
3. Project financing(PF) | Trading structure
The main trading structure is: News /span>
Type
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PFV
Special Purpose Corporation (SPC), PFV is a form of business, construction, investors, etc.
With corporate tax law benefits, real estate acquisition tax and registration tax are deducted.
PF-ABCP
Change debts to the asset-based securities (ABS) or the asset-based equity company (ABCP) to disperse financial risks, and various investors can invest in development projects through capital markets. News /span>
Indirect Investment Organization (Fund)
Indirect investment in the form of a floating asset fund, The asset owner will join the development business by signing a loan contract with a contractor or taking a loan debt.
Real Estate Investment Company (REITs)
In accordance with the real estate investment company law REITs collect funds through equity and invest in real estate development projects. News /span>
There are various types such as for corporate structural purposes CR REITs or development. News /span>
4. Project financing(PF) | Work guide
is designed to be a very successful project.
The following is the key to consider when designing and reviewing business structure. News /span>
Economicity and profitability analysis of project
It is most important to accurately predict the future cash flow that the business will generate.
Evaluate the ability to repay funds through profitability analysis, and also conduct scenario analysis to prepare for unexpected risks. I do.
Establishment and role definition of special purpose company (SPC)
SPC serves as a legal entity of the project to separate asset and debt and limited risk. News /span>
SPC SPC SPC SPC SPC SPC SPC SPC News /span>
Secure the clarity of the contract structure
Scheduling, Scheduling, Finance, Scheduling,etc. News /span>
Clearly the right and duty of each contract, it is important to arrange the corresponding implement in advance when a dispute occurs. News /span>
Setup and warranty system check
Temporary settings and warranty contracts are mandatory to ensure the safety of the funds.
You need to minimize financial risk by clearing the range of complaints and priority, News /span>
Financial structure and fund flow management
You need to manage your cash flow from your capital procurement to your loan repayment. News /span>
is a real set of funding plans and repayment schedules, should also be prepared for a cost-effective plan. News /span>
Legal and Compliance Checkout
to review whether compliance with relevant laws and financial regulations. News /span>
You should design the structure to make the most of your institutional benefits, such as tax exemption, financial regulation relief measures. News /span>
5. Project financing(PF) | Legal support
project financing has a wide range of stakeholders and complex contract structures, has a high level of risk factors.
A systematic law review and risk management must be in accordance with this, the experience of a rich attorney’s assistant is the core element for the completion of the project. News /span>
Main corporations based on the project financing advisory experience in the majority of projects, to analyze each step-by-step legal risks to show reasonable . News /span>
also in various aspects such as financial institutions, negotiating and contract execution of investors successful project progress News /span>
True If you need a prompt and accurate legal support during the reorganization project financing process, please feel free to contact us.
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