China Project Finance Drivers

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					Project and Trade Finance Training




       Learning to utilise best-practice
   techniques in project and trade finance


                                www.dcgtraining.com
Overview of our Project
and Trade Finance Training
Trade Finance Techniques                                                         Specialist Project Finance
   Documentary credit                                                            Modules
   structures – from collections                                                   Project finance modelling
   to letters of credit                                                            Project finance and PPP/PFI
                                               Commodity Trade Finance
   Methods of payment                                                              Sector specific modules
                                                 Commodities as a global
   International trade                                                             - power, telecoms, natural
                                                 business – facts, figures
   documentation and                                                                 resources, infrastructure,
                                                 and trends
   Incoterms                                                                         telecoms
                                                 Players in the commodity
   Specialised types of letters                                                    - real estate financing
                                                 markets
   of credit                                                                       Use of derivatives in project
                                                 Risk and mitigants in the
   Standby letters of credit and                                                   finance
                                                 financing of commodity
   guarantees                                                                      Managing problem projects
                                                 trade finance
   Receivable financing – from
                                                 Structures in commodity
   general corporate facilities
                                                 trade finance
   to factoring, forfaiting and
   securitisation                                Securitisation and
                                                 commodity trade finance
   Export credit agencies and
   other forms of credit risk                    Derivative risk management
   insurance
                                                                                 “Broad and detailed overview,
                                               Project Finance                   good cases, good teacher”
                                                 Parties involved in             Project Finance course -
                                                                                 Finance Subsidiary of Multinational Corporate
                                                 project finance
                                                 Risks and mitigants
“Thoroughly enjoyable & useful”
Trade Finance and Commodity Finance course -
                                                 Understanding the key
South African Bank                               drivers in the viability
                                                 of a project finance
                                                                                 “Excellent job”
                                                 Debt structuring issues         Project Finance and Infrastructure Projects -
                                                                                 Public Sector Client
                                                 Risk and return – the equity
“I am very thankful to the trainer               investor’s perspective
for an excellent ‘tour’ into                     Key aspects of contractual
Structured Trade Finance”                        structuring
Trade Finance course - Bank with
extensive Trade Finance activities               Identifying and managing
                                                 potential problem projects




                                                                                www.dcgtraining.com
Who we are                                            Project Finance
DC Gardner Training is the leading global provider      Potential benefits and disadvantages of using
of tailored training services to the banking,           Project Finance rather than other debt
financial and corporate sector. Established in          financing options
1983, we have pioneered the delivery of high            What are the key risks in a project, how can
quality, customised financial training to a broad       they be mitigated and who will be assuming
range of banks, corporations and Public Sector          the key risks?
entities across the globe.                              Key drivers in the viability of a project
                                                        How will changes in the key operating
                                                        assumptions impact on the project?
                                                        What is the most appropriate debt structure in
                                                        terms of capital structure, debt providers,
                                                        maturity and repayment profile?
                                                        Does the project generate adequate returns for
                                                        the investor whilst producing an acceptable
Overview of our training in Project and                 cost to the user of the output from the project?
Trade Finance
                                                        What is the most effective contractual structure?
At DC Gardner Training, our Project and Trade
Finance training courses have been designed for
both financiers and users, and address key areas
such as:
Trade Finance
  What are the key risks in a trading transaction -
  and how can they be managed?                        Our expertise in Project and Trade Finance
  How can financiers assist in helping                DC Gardner Training is part of Euromoney
  companies reduce the time to process                Institutional Investor PLC, the global publishing
  trade transactions?                                 and events business that owns Trade Finance and
  What is the most effective method of financing      Project Finance magazines, and runs a large
  trade transactions?                                 number of conferences and seminars in these
  Is a structured Trade Finance transaction           areas. This gives us unparalleled access to data,
  more appropriate than a general corporate           statistics, and market trends, which we can use
  banking facility?                                   on our training courses.
                                                      Tailored training in Trade and Project Finance
                                                      We specialise in adapting and tailoring our
                                                      training courses in Project and Trade Finance to
                                                      the level and requirements of your participants.
                                                      We come to you, and undertake our training at
                                                      your premises or at a venue nearby. We are totally
                                                      flexible. We work with you to ensure that your
                                                      people maximise their learning in the Project and
                                                      Trade Finance areas.


                                                                        www.dcgtraining.com
                     Our approach to Trade Finance Training
Providing effective Trade Finance solutions to companies involves an understanding of a number of key
issues relating to their financing strategy and options, as well as the risks they are exposed to in the
process from acquisition of raw materials to collection of sales proceeds.
There is no one “right way” to finance trade transactions, but a series of options. In our Trade Finance
training programmes, using a range of transactions, we illustrate the practical use of Trade Finance, and
address the various questions arising from trade transactions. An important related issue is control of the
transaction at all stages of the process – to protect any underlying security interest in the transaction
being financed as well as to minimise the possibility of fraud.
We cover the entire trade cycle:

          Producing Country                                               Consuming Country
            &/or Company                Trade Finance                       &/or Company




Raw Material    Primary       Processing/            Landed       Warehousing      Process       Finished
               Commodity      Production             Primary                      Inventory      Product
                                Process             Commodity




We also cover the full range of Trade Finance issues:

    Managing Trade Finance risks                          Structuring & Financing Trade deals
       Commercial                                         Advanced Letters of Credit
       Country/Political                                      Back to back LCs
       Bank                                                   Transferable LCs
    Payment Systems                                           Revolving LCs
       Open account                                           Red Clause LCs
       Advance payment                                        Green Clause LCs
       Collections                                        Guarantees/Bonds & Standby LCs
       Letters of Credit                                  Receivable Financing
    Documentation                                             Factoring & Forfaiting
       Bills of Exchange                                  Countertrade
       Promissory Notes                                   Export Credit Agencies / Credit Insurance
       Transport                                          Managing commodity, FX and interest rate risk
       Commercial
       Insurance
       Regulatory
       INCOTERMS 2000
                    Our Approach to Project Finance Training
Project Finance has developed beyond its roots as a financing tool for greenfield projects to become a
technique used in areas such as Public Private Partnerships and acquisition of single project companies.
The range of projects has extended beyond traditional areas such as Real Estate developments to
include areas such as utilities, natural resources, transportation, infrastructure and public sector projects
including schools and hospitals.
In DC Gardner Training Project Finance programmes, we provide practical training, based on case
studies, to illustrate the key issues in evaluating and structuring transactions. Each course is tailored to
our client’s needs and business emphasis, whilst covering core issues relevant to Project Finance.




                                Identifying and managing problem projects




                              Key aspects of Project Finance documentation




                                          Financial risk exposures




                                              Risk and return




                                               Debt structure




                                    Financial drivers of project viability




                                   Key development and operating risks




                               Project Finance parties and their motivations




                                   Country, political and regulatory risk
                               Project Finance Modelling
Construction of a Project Finance model is more than a mathematical and computer spreadsheet
building exercise. This is why, on our Project Finance modelling programmes, we also look at building a
financial model as a tool in the negotiation and structuring of a Project Finance solution.
Our modelling courses typically cover the following areas:




         1. Good practice in designing, documenting and auditing a Project Finance model



                2. Useful Excel functions, and use of other financial analysis software



                       3. Checking the viability of the underlying assumptions



             4. Translating the key operating assumptions into the financial statements



                 5. Modelling the financial structure, including the use of derivatives



6. Illustrating the viability of the model for the various stakeholders in the project – does the project
 produce acceptable results for users of the project output, as well as debt and equity providers?



                      7. Assessing the impact of changes in key assumptions –
                          from sensitivity analysis to Monte Carlo simulation



                 8. Effective presentation of the output of the Project Finance model



We will of course tailor our Project Finance Modelling courses to the specific needs of your organisation.




                                                                         www.dcgtraining.com
DC Gardner Training
As well as training in Project and Trade Finance, DC Gardner
Training provides tailored, in-house courses in the following areas:


Credit Analysis                                                        Selling and Management
  Accounting concepts                                                  Training
  and developments                                                        Sales management and
  Corporate credit analysis                                               strategy
  Credit portfolio risk                                                   Capital market sales skills
  management                       Asset Management                       M&A negotiation skills
  Bank and country                 and Private Banking                    Selling to sophisticated
  risk analysis                      Wealth management                    clients
  Analysis of non-bank               solutions                            Senior management
  financials                         Asset allocation                     development programme
  Identifying creative               Portfolio risk measurement           Managing people for the
  accounting                         and management                       first time
  Financial modelling                Fund selection                       Presenting and influencing
  and forecasting                    Exchange traded funds                at the highest level
  Credit skills for                  Hedge funds and alternative          Team-building
  capital markets                    investments                          Time management
  Financial solutions                Technical analysis                   Interviewing skills and
  for SMEs                                                                performance appraisal
  Structuring leveraged            Corporate Finance                      Report-writing
  debt finance                       Company valuation                    Letter-writing
  Retail banking                     Mergers and acquisitions             Executive coaching
Treasury, Capital Markets            Venture capital and MBOs
                                     Syndicated loans                  Asset and Structured
and Risk                                                               Finance Training
   Risks in derivatives              Corporate restructuring
                                                                          Small, medium and
   Fixed income and swaps            IPOs
                                                                          big-ticket leasing
   Treasury risk management          Valuing banks and financial
                                                                          Securitisation, CDOs
                                     institutions
   Asset and liability                                                    and credit derivatives
   management                                                             Airfinance
   Credit derivatives                                                     Shipping finance
   Asset securitisation                                                   and rail finance
   and CDOs                                                               Commercial real
   Commodity derivatives                                                  estate finance
   Fraud and money                                                        Securitisation modelling
   laundering                                                             Insurance
   Basel II                                                               Tax
   Measuring and                                                          Islamic finance
   managing VaR
   Operational risk
   management                                                          www.dcgtraining.com
Sample clients
DC Gardner Training has over 20 years’ experience in delivering
training solutions designed to meet the requirements of Banks,
Financial Institutions and Corporates worldwide.

Some of our clients:
■   ABSA                                      ■   Privredna Banka
■   Alpha Bank                                ■   Rabobank
■   Axa Investment Managers                   ■   Rand Merchant Bank (SA)
■   Bank BPH SA                               ■   Rating Agency Malaysia
■   Bank of America                           ■   Raiffeisen International and RZB
■   Bank of China                             ■   Saudi Arabian Monetary Agency
■   Bank of Kuwait and the Middle East        ■   Shell
■   Bank Pekao SA                             ■   Société Générale
■   Bank Zachodni WBK SA                      ■   Standard Chartered Group
■   BBVA Group                                ■   State Bank of Pakistan
■   BNP Paribas                               ■   The Royal Bank of Scotland
■   Calyon                                    ■   The World Bank
■   Central Bank of Kuwait                    ■   Wells Fargo
■   Caixa Geral de Depositos                  ■   Westpac
■   China International Capital Corporation
■   Citigroup
■   Commercial International Bank
■   Commonwealth Bank of Australia            LONDON OFFICE
■   Credit Suisse Group                       Nestor House
                                              Playhouse Yard
■   Czech National Bank                       London
■   Danske Bank                               EC4V 5EX
                                              Tel: + 44 (0) 20 7779 8620
■   Erste Bank                                Fax: + 44 (0) 20 7779 8786
■   Euroclear                                 Email: info@dcgtraining.com
■   Financial Services Authority UK           NEW YORK OFFICE
■   Finansbank                                225 Park Avenue South
■   Global Investment House                   New York
                                              NY 10003
■   Hansabank                                 Tel: +1 212 224 3888
■   HypoVereinsbank                           Fax: +1 212 361 3499
                                              E-mail: dcgtraining@euromoneyny.com
■   ICBC
■   ING Group                                 HONG KONG OFFICE
                                              17th Floor Printing House
■   Islamic Development Bank                  6 Duddell Street
■   Komercni Banka                            Central
                                              Hong Kong
■   Macquarie
                                              Tel: +852 2520 1481
■   National Bank of Kuwait                   Fax: +852 2866 7340
■   Nordea                                    E-mail: dcgtraining@euromoneyasia.com
■   OCBC Bank
                                                             www.dcgtraining.com

				
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