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Delegates can expect to come away with a thorough grounding in the principles of project finance and PPP structures and how to ensure they are financeable. Reference will be made throughout to relevant structures in the Energy and Infrastructure markets with particular reference to the delegates’ areas of interest. Delegates will be encouraged to indicate in advance what issues they wish to have explored in the masterclass.
 

 Treasurers, in-house lawyers, bankers, fund managers, insurance and technical advisers, accountants, consultants, private equity and infrastructure fund professionals engaged in any aspect of funding or managing energy and infrastructure assets, civil servants, policy makers and politicians engaged in designing policy for investment in and renewal of national infrastructure and energy assets.
 


 

Workshop programme

8:30 Registration & Coffee

9:00 Opening remarks & introduction

Andrew  Petry

Andrew Petry, Partner, Simmons & Simmons

  • Introduction to the general concepts and drivers of project finance
  • The attendees will be asked to introduce themselves and their interest in Project Finance and explain what they hope to learn from the day’s training
  • 9:10 What is project finance and who are the parties?

    Andrew  Petry

    Andrew Petry, Partner, Simmons & Simmons

  • Essential characteristics of project finance
  • What makes project finance different from other corporate finance alternatives?
  • Why a project’s contracts are so important
  • 10:00 Who are the players and why do they project finance?

    Andrew  Petry

    Andrew Petry, Partner, Simmons & Simmons

  • What are the:
  • Government Objectives
  • Sponsor Objectives
  • Lender Objectives
  • How do the competing interests of the parties who engage in Project Finance fit into the overall structure?
  • 10:45 Morning Coffee

    11:00 The universe of lenders and the finance plan

    Andrew  Petry

    Andrew Petry, Partner, Simmons & Simmons

    This session will include discussion of the wide range of financing alternatives, including project bond, securitisation, debt fund structures, international bank, local bank, export credit agency, multilateral credit institution, Islamic bank, vendor finance, asset finance, mezzanine finance  and look at ways in which they can be combined to create the best funding solution.

    12:00 Introduction to assessing bankability

    Andrew  Petry

    Andrew Petry, Partner, Simmons & Simmons

  • Principles of project risk identification, mitigation and allocation
  • Key project finance / bankability fundamentals
  • 13:00 Networking Lunch

    14:00 Project accounts

    Andrew  Petry

    Andrew Petry, Partner, Simmons & Simmons

    This session will discuss the ways that controlled project accounts can be used in project finance and will include explanation of cashflow waterfalls, debt service reserve accounts, offshoring, maintenance reserve accounts and insurance issues

    15:00 Financial covenants

    Andrew  Petry

    Andrew Petry, Partner, Simmons & Simmons

    This session will discuss how the future financial health of projects can be analysed, explain how to calculate loan life, project life and debt service cover ratios and discuss how they can be used in project finance loan agreements.

    15:45 Afternoon Tea

    16:15 Direct agreements

    Andrew  Petry

    Andrew Petry, Partner, Simmons & Simmons

    This session will cover direct agreements between lenders and a project’s key commercial counterparties, and the nature and extent of the covenants that they typically contain.

    17:00 Final Q&A

    Andrew  Petry

    Andrew Petry, Partner, Simmons & Simmons

    17:30 End of Workshop

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    WHAT IS CPD?

    CPD stands for Continuing Professional Development’. It is essentially a philosophy, which maintains that in order to be effective, learning should be organised and structured. The most common definition is:

    ‘A commitment to structured skills and knowledge enhancement for Personal or Professional competence’

    CPD is a common requirement of individual membership with professional bodies and Institutes. Increasingly, employers also expect their staff to undertake regular CPD activities.

    Undertaken over a period of time, CPD ensures that educational qualifications do not become obsolete, and allows for best practice and professional standards to be upheld.

    CPD can be undertaken through a variety of learning activities including instructor led training courses, seminars and conferences, e:learning modules or structured reading.

    CPD AND PROFESSIONAL INSTITUTES

    There are approximately 470 institutes in the UK across all industry sectors, with a collective membership of circa 4 million professionals, and they all expect their members to undertake CPD.

    For some institutes undertaking CPD is mandatory e.g. accountancy and law, and linked to a licence to practice, for others it’s obligatory. By ensuring that their members undertake CPD, the professional bodies seek to ensure that professional standards, legislative awareness and ethical practices are maintained.

    CPD Schemes often run over the period of a year and the institutes generally provide online tools for their members to record and reflect on their CPD activities.

    TYPICAL CPD SCHEMES AND RECORDING OF CPD (CPD points and hours)

    Professional bodies and Institutes CPD schemes are either structured as ‘Input’ or ‘Output’ based.

    ‘Input’ based schemes list a precise number of CPD hours that individuals must achieve within a given time period. These schemes can also use different ‘currencies’ such as points, merits, units or credits, where an individual must accumulate the number required. These currencies are usually based on time i.e. 1 CPD point = 1 hour of learning.

    ‘Output’ based schemes are learner centred. They require individuals to set learning goals that align to professional competencies, or personal development objectives. These schemes also list different ways to achieve the learning goals e.g. training courses, seminars or e:learning, which enables an individual to complete their CPD through their preferred mode of learning.

    The majority of Input and Output based schemes actively encourage individuals to seek appropriate CPD activities independently.

    As a formal provider of CPD certified activities, SMI Group can provide an indication of the learning benefit gained and the typical completion. However, it is ultimately the responsibility of the delegate to evaluate their learning, and record it correctly in line with their professional body’s or employers requirements.

    GLOBAL CPD

    Increasingly, international and emerging markets are ‘professionalising’ their workforces and looking to the UK to benchmark educational standards. The undertaking of CPD is now increasingly expected of any individual employed within today’s global marketplace.

    CPD Certificates

    We can provide a certificate for all our accredited events. To request a CPD certificate for a conference , workshop, master classes you have attended please email events@smi-online.co.uk

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