Project Finance And Measurement Of Risk
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Project Finance And Measurement Of Risk
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Author : Vikas Srivastava
language : en
Publisher: LAP Lambert Academic Publishing
Release Date : 2012-04
Project Finance And Measurement Of Risk written by Vikas Srivastava and has been published by LAP Lambert Academic Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-04 with categories.
Project Finance is a well established technique for large capital intensive projects, particularly in infrastructure sector and involves financing of projects on stand-alone basis . Understanding Project Finance is critical in the current context as India gears up for USD 1 trillion investment in Infrastructure in the next five year plan, around 30 per cent of which is expected to be financed by the private sector. Commercial Banks presently contribute 20% of total infrastructure investment and the exposure of commercial banks to this sector is increasing. Multifaceted risks are involved in bank-funding of infrastructure. Apart from asset liability mismatches - leading to liquidity and interest rate risks, banks face regulatory and political uncertainty associated with these projects. Indian bankers are on a learning curve with regard to the understanding the mechanics of infrastructure financing. Therefore this dissertation aims at demystifying project appraisal, risks, contractual structures and packaging approaches that achieves each party's objectives efficiently. It also attempts to lay down a rating framework for infrastructure projects.
The Fundamentals Of Risk Measurement
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Author : Christopher Marrison
language : en
Publisher: McGraw Hill Professional
Release Date : 2002-07-18
The Fundamentals Of Risk Measurement written by Christopher Marrison and has been published by McGraw Hill Professional this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-07-18 with Business & Economics categories.
A step-by-step guidebook for understanding—and implementing—integrated financial risk measurement and management The Fundamentals of Risk Measurement introduces the state-of-the-art tools and practices necessary for planning, executing, and maintaining risk management in today’s volatile financial environment. This comprehensive book provides description and analysis of topics including: Economic capital Risk adjusted return on capital (RAROC) Shareholder Value Added (SVA) Value at Risk (VaR) Asset/liability management (ALM) Credit risk for a single facility Credit risk for portfolios Operating risk Inter-risk diversification The Basel Committee Capital Accords The banking world is driven by risk. The Fundamentals of Risk Measurement shows you how to quantify that risk, outlining an integrated framework for risk measurement and management that is straightforward, practical for implementation, and based on the realities of today’s tumultuous global marketplace. “Banks make money in one of two ways: providing services to customers and taking risks. In this book, we address the business of making money by taking risk....”—From the Introduction In The Fundamentals of Risk Measurement, financial industry veteran Chris Marrison examines what banks must do to succeed in the business of making money by taking risk. Encompassing the three primary areas of banking risk—market, credit, and operational—and doing so in a uniquely intuitive, step-by-step format, Marrison provides hands-on details on the primary tools for financial risk measurement and management, including: Plain-English evaluation of specific risk measurement tools and techniques Use of Value at Risk (VaR) for assessment of market risk for trading operations Asset/liability management (ALM) techniques, transfer pricing, and managing market and liquidity risk The many available methods for analyzing portfolios of credit risks Using RAROC to compare the risk-adjusted profitability of businesses and price transactions In addition, woven throughout The Fundamentals of Risk Measurement are principles underlying the regulatory capital requirements of the Basel Committee on Banking Supervision, and what banks must do to understand and implement them. The requirements are defined, implications of the New Capital Accord are presented, and the major steps that a bank must take to implement the New Accord are discussed. The resulting thumbnail sketch of the Basel Committee, and specifically the New Capital Accord, is valuable as both a ready reference and a foundation for further study of this important initiative. Risk is unavoidable in the financial industry. It can, however, be measured and managed to provide the greatest risk-adjusted return, and limit the negative impacts of risk to a bank’s shareholders as well as potential borrowers and lenders. The Fundamentals of Risk Management provides risk managers with an approach to risk-taking that is both informed and prudent, one that shows operations managers how to control risk exposures as it allows decision-making executives to direct resources to opportunities that are expected to create maximum return with minimum risk. The result is today’s most complete introduction to the business of risk, and a valuable reference for anyone from the floor trader to the officer in charge of overseeing the entire risk management operation.
Risk Management Of Project Finance And Its Application In China
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Author : Ke Liu
language : en
Publisher:
Release Date : 2007
Risk Management Of Project Finance And Its Application In China written by Ke Liu and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with categories.
Risk management is the key point of project finance. Giving the general description of project finance on basic concepts, this paper cited an internationally accepted index system of project financing risk evaluation and financial ramification tools to measure and controls the project financing risk quantificationally. As to deepen the consciousness of risk protection, a set of scheme about risk management is summarized and combined with the Chinese macro-capital market environment, juristic environment, consciousness and factors like these. Based on the discussion above, a series of solutions and suggestions are given.
Principles Of Project Finance
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Author : E. R. Yescombe
language : en
Publisher: Academic Press
Release Date : 2013-11-13
Principles Of Project Finance written by E. R. Yescombe and has been published by Academic Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-11-13 with Business & Economics categories.
The Second Edition of this best-selling introduction for practitioners uses new material and updates to describe the changing environment for project finance. Integrating recent developments in credit markets with revised insights into making project finance deals, the second edition offers a balanced view of project financing by combining legal, contractual, scheduling, and other subjects. Its emphasis on concepts and techniques makes it critical for those who want to succeed in financing large projects. With extensive cross-references and a comprehensive glossary, the Second Edition presents anew a guide to the principles and practical issues that can commonly cause difficulties in commercial and financial negotiations. Provides a basic introduction to project finance and its relationship with other financing techniques Describes and explains: sources of project finance; typical commercial contracts (e.g., for construction of the project and sale of its product or services) and their effects on project-finance structures; project-finance risk assessment from the points of view of lenders, investors, and other project parties; how lenders and investors evaluate the risks and returns on a project; the rôle of the public sector in public-private partnerships and other privately-financed infrastructure projects; how all these issues are dealt with in the financing agreements
Project Finance In Theory And Practice
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Author : Stefano Gatti
language : en
Publisher: Academic Press
Release Date : 2012-08-02
Project Finance In Theory And Practice written by Stefano Gatti and has been published by Academic Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-08-02 with Business & Economics categories.
This book presents comprehensive coverage of project finance in Europe and North America. The Second Edition features two new case studies, all new pedagogical supplements including end-of-chapter questions and answers, and insights into the recent market downturn. The author provides a complete description of the ways a project finance deal can be organized - from industrial, legal, and financial standpoints - and the alternatives available for funding it. After reviewing recent advances in project finance theory, he provides illustrations and case studies. At key points Gatti brings in other project finance experts who share their specialized knowledge on the legal issues and the role of advisors in project finance deals. Forword by William Megginson, Professor and Rainbolt Chair in Finance, Price College of Business, The University of Oklahoma Comprehensive coverage of theory and practice of project finance as it is practiced today in Europe and North America Website contains interactive spreadsheets so that readers can input data and run and compare various scenarios, including up to the minute treatment of the cutting-edge areas of PPPs and the new problems raised by Basel II related to credit risk measurement
Project Financing Analyzing And Structuring Projects
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Author : Carmel De Nahlik
language : en
Publisher: World Scientific
Release Date : 2021-04-14
Project Financing Analyzing And Structuring Projects written by Carmel De Nahlik and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-04-14 with Business & Economics categories.
This book covers the project financing process from the perspective of a wider and more general group of stakeholders by addressing the three key elements of cash flow; collateral/support structures; and risk management. Following a detailed description of project financing in the first chapter, the authors discuss the project financing process, modelling and risk management, public private partnerships and project financing in practice including the use of the principles in a range of different contexts. A sound understanding of project management is fundamental to successful project financing, as is the need to have a clear plan for a project to communicate the essential information that different stakeholders require.A successful project financing starts with the different phases of a project and descriptions of the key risk areas include the challenges in estimating the cost of a project and the general principles of financial modelling with a discussion of the unique aspects of financial modelling for different industries. Throughout the book, short recent international case studies are used to illustrate successful and unsuccessful projects allowing the lessons learned to be visible and there are many examples of specific applications of project finance techniques throughout the text.Bundle Set: Project Financing (Analyzing and Structuring Projects & Financial Instruments and Risk Management)
Project Financing Financial Instruments And Risk Management
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Author : Carmel De Nahlik
language : en
Publisher: World Scientific
Release Date : 2021-05-05
Project Financing Financial Instruments And Risk Management written by Carmel De Nahlik and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-05-05 with Business & Economics categories.
The book describes the different tools and techniques available to anyone who is engaged in providing funding or advice to a project. Project finance is ultimately about applying three basic principles to a funding situation and from these three, all the other ideas flow including contracts. First, there needs to be a cash flow coming from the project that is capable of being captured by finance providers. Second, there needs to be a group of assets that can be segregated and contained by making sure they cannot be taken away by other parties and thirdly there needs to be a risk envelope that is well understood and managed dynamically during the project's life. To do this, a network of contracts must exist to support the rights of the different stakeholders and their legal claims on the project. In this book the authors examine all of these aspects and provide some examples/mini-cases of project structures and approaches. The book begins and ends with a longer case study of two projects that were standalone examples of project financing and controversial for different reasons at the time of their fundraising.Bundle Set: Project Financing (Analyzing and Structuring Projects & Financial Instruments and Risk Management)
Project Financing
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Author : John D. Finnerty
language : en
Publisher: John Wiley & Sons
Release Date : 1996-09-27
Project Financing written by John D. Finnerty and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996-09-27 with Business & Economics categories.
"As an effective alternative to conventional direct financing, project financing has become one of the hottest topics in corporate finance. It's being used more and more frequently - and more successfully - on a wide variety of high-profile corporate projects, and has long been used to fund large-scale natural resource projects, from pipelines and refineries to electric-generating facilities and hydroelectric projects. But the challenges of successful project financing are immense, and the requirements of the process can easily be misunderstood." "This newly updated edition of Project Financing takes you through the process step by step. Using actual examples and case studies - including Euro Disneyland and the Eurotunnel Project - that illustrate how to apply the analytical techniques described in the book, it covers the rationale for project financing, how to prepare the financial plan, assess the risks, design the financing mix, and raise the funds."--BOOK JACKET.
Ramp Risk Analysis And Management For Projects
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Author : Institution of Civil Engineers (Great Britain)
language : en
Publisher: Thomas Telford
Release Date : 2005
Ramp Risk Analysis And Management For Projects written by Institution of Civil Engineers (Great Britain) and has been published by Thomas Telford this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Capital investments categories.
Key coverage/key issues of this book are: uncertainty and its mitigation, upside risk, the disadvantages of using optimum bias alone, evidence that has recently emerged about the risks in transport infrastructure projects, and risk efficiency.
The Principles Of Project Finance
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Author : Mr Rod Morrison
language : en
Publisher: Gower Publishing, Ltd.
Release Date : 2012-08-01
The Principles Of Project Finance written by Mr Rod Morrison and has been published by Gower Publishing, Ltd. this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-08-01 with Business & Economics categories.
The Principles of Project Finance reviews the technique of project finance. It explores, step-by-step, the key ingredients of the concept. The book is aimed at a business savvy audience, but one which is not necessarily up to speed on the concept, and has a global reach by covering both OECD countries and the emerging markets. Project finance is positioned at a key point between the global capital markets and the energy and infrastructure industries. To explain and illustrate the ideas behind project finance, the book is made of chapters written by a range of leading players in the market from around the world and is split into four sections: •