Project Finance Exercises
By Dheeraj Vaidya Leave a Comment. Top Books. Fundamentally, project finance is concerned with identifying the specific financial requirements of a project, sourcing funds, entire financial structuring, assessment of different types of risks and addressing any legal, industrial and financial issues arising therein with the sole intent to ensure smooth functioning of a project. Here, we have compiled a careful selection of titles on project finance designed for professionals as well students to help acquire a greater understanding of the theory and practice of project financing and difference in risk structuring and other aspects in keeping with the nature of industry and other defining factors. A highly commendable reference work for professionals which lays bare the fundamentals of project financing along with the tools and techniques involved.
This page includes project finance related excel files and videos that allow you to learn how to build a project finance model. Whilst I can tell you without any question at all that in-person courses are much, much, much better than on-line videos as a way to learn, I have included sets of videos and exercises that allow you to understand various basic and advanced issues. PPA] contract. The difficulty in project finance models often arises from financing and many of the exercises deal with financing issues including cash flow waterfalls, debt repayment structuring, debt sizing, interest during construction, fees, reserve accounts, cash flow sweeps and covenants. Project Finance Theory and Marriage Contracts. The files and videos are arranged by different subjects and different levels of complexity. Separate sets of videos and analyses are presented for:.
Project Finance vs. Corporate Finance
Project finance is the long-term financing of infrastructure and industrial projects based upon the projected cash flows of the project rather than the balance sheets of its sponsors. Usually, a project financing structure involves a number of equity investors, known as 'sponsors', a 'syndicate' of banks or other lending institutions that provide loans to the operation. They are most commonly non-recourse loans , which are secured by the project assets and paid entirely from project cash flow, rather than from the general assets or creditworthiness of the project sponsors, a decision in part supported by financial modeling. Project lenders are given a lien on all of these assets and are able to assume control of a project if the project company has difficulties complying with the loan terms. Generally, a special purpose entity is created for each project, thereby shielding other assets owned by a project sponsor from the detrimental effects of a project failure. As a special purpose entity, the project company has no assets other than the project. Capital contribution commitments by the owners of the project company are sometimes necessary to ensure that the project is financially sound or to assure the lenders of the sponsors' commitment.
Wiley, Apress, However, while many business professionals are familiar with financial statements and accounting Financial Modeling is now the standard text for explaining the implementation of financial models in Excel. This long-awaited fourth edition maintains the "cookbook" features and Excel dependence that have made the previous editions so popular. As in previous editions, basic and advanced models in the areas An essential reference dedicated to a wide array of financial models, issues in financial modeling, and mathematical and statistical tools for financial modeling The need for serious coverage of financial modeling has never been greater, especially with the size, diversity, and efficiency of modern capital