IPFA Training: Singapore: Understanding International Project Finance
After a successful inaugural training programme in Singapore 2017, IPFA is delighted to announce its next training course in Asia.
The programme covers everything from procurement, risk management (from both a government and a private sector perspective) through to cashflows and finance structure with discussions covering project contractual structures and risk management techniques used in Project Finance. Participants will gain a comprehensive understanding of the following:
• The PPP and power procurement process
• How risks are managed and allocated in a project finance
• The commercial structuring of PPPs
• The role of the SPV and counterparties
• Basic financial modelling principles and debt term sheets.
The course will be facilitated by Ian Greer, a leading practitioner in the project finance market. Training will take place in the form of interactive discussions, working groups and case studies. Detailed course materials will also be provided and each delegate will receive a certificate upon satisfactory completion of the course, plus 12 CPD points.
Full details of our course instructor can be found via our website.
DAY ONE
09.00 - 09.30 INTRODUCTION TO COURSE
09.30 - 10.45 INTRODUCTION TO PROJECT FINANCE
- Provide an overview of a typical Project Finance Structure
- Qualitative Risk Analysis and the importance of Counterparty
- Typical financial structure and quantitative risk analysis
- The Sponsor, limited recourse and bankability
- Due Diligence
- Risk Management Tools
10.45 - 11.15 COFFEE BREAK
11.15 - 12.15 UNDERSTANDING PPPs
- Rationale for PPP’s
- Brief History of Global development
- Infrastructure Funding/Financing
- Why PPPs
- Legal & regulatory systems
- Financing the SPV including ECA
- The Business Case
12.15 - 13.15 LUNCH
13.15 - 14.45 IDENTIFICATION & ALLOCATION OF RISK
- Risk Management
- Risk Structuring Workshop examining the risk profile of projects in power and transport
14.45 - 15.15 COFFEE BREAK
15.15 - 16.00 THE IMPORTANCE OF COUNTERPARTY IN RISK TRANSFER
- The builder and counterparty risk
- Construction risk transfer and management
- Case study examining risk transfer and counterparty failure
16.00 - 17.00 HOST SESSION
An aspect of Asian Project Finance market
17.00 - 18.00 COCKTAIL RECEPTION
DAY TWO
9.00 - 10.30 QUANTITATIVE ANALYSIS & FINANCE MODELS
- Interpreting Financial Models
- Capital structure – debt, subordinated debt, equity
- Debt Sizing
- Interpreting financial ratios
- Sensitivity & Scenario Analysis
10.30 - 11.00 COFFEE BREAK
11.00 - 12.30 KEY ISSUES IN PROJECT AGREEMENTS
- Special Purpose Vehicle (SPV)
- Project Agreement (Concession Agreement and PPA)
- Force Majeure events
12.30 - 13.30 LUNCH
13.30 - 15.00 PUBLIC PROCUREMENT AND MANAGING THE TRANSACTION
- Public Sector Comparator
- Procurement Stages
- Events Post Contract
- Monitoring
- Disputes and Termination
15.00 – 15.30 COFFEE BREAK
15.30 – 16.30 KEY ELEMENTS OF THE FINANCE STRUCTURE
- Cashflow controls – waterfall, reserves, liquidity management
- Review of a typical Term Sheet
- Structure and key terms in finance documents
16.30 - 17:00 – WRAP-UP
MULTIPLE BOOKINGS
Discounts are available for multiple bookings and are processed as follows:
- For two delegates a 10% discount will be applied to the total fee
- For three delegates a 15% discount will be applied to the total fee
- For four or more delegates a 20% discount will be applied to the total fee
(please note these discounts will be reflected on the invoice)
