Home
overview
Benefits of attending:
· Hear about the new guidance and code first hand
· Learn how to identify opportunities in refinancing
· Discuss the OGC initiative on addressing early concerns in refinancing
· Identify the changing approach to refinancing in new contracts
· Discover the financial arrangements that may indicate a refinancing
· Understand the private sector acceptance of sharing refinancing benefits

A unique opportunity to learn from leading industry experts including:
Nick Prior, Head of Refinancing Task Force, Partnerships UK
David Finlay, Head of PFI Development, National Audit Office
James Stuart-Mills, Executive, Member of Refinancing Taskforce, 4ps
Councillor Tom Coleman, Education Convener, Falkirk Council
Paul McCormick, Education Officer, PFI & Premises Manager, Sheffield City Council
Fintan Bloomer, Financial Manager, Facilities Development Unit, Leeds City Council
Paul Maltby, Research Fellow, Public Private Partnerships, IPPR
Jerry Donohue, Director, Private Loans, AXA Investment Managers UK
Edward Yescombe, Director, Yescombe Consulting

Conference programme

9:00 Registration and Coffee

9:30 Chairman's Opening Remarks

Tim Treharne

Tim Treharne, Director, KPMG Corporate Finance

9:40 PFI/PPP REFINANCING – THE NAO PERSPECTIVE

David Finlay

David Finlay, Head of PFI Development, National Audit Office

  • Main points from the latest NAO refinancing report
  • Understanding how refinancing gains arise
  • Applying the principles of the new code and guidance
  • Recent developments
  • 10:20 REFINANCING ACTIVITY

    Nick Prior

    Nick Prior, Head of Refinancing Task Force, Partnerships UK

  • Impact of new code at operational level
  • Achieving a lower cost through refinancing
  • Developing more efficient forms of PPP
  • Reinvesting profits
  • 11:00 Morning Coffee

    11:20 REFINANCING IN LOCAL AUTHORITY PPP/PFI PROJECTS

    James Stuart-Mills

    James Stuart-Mills, Executive, Member of the Refinancing Task Force, 4ps

  • Impact of the Code of Conduct & the Refinancing Taskforce
  • Refinancing – when and why?
  • Effect on a Local Authority
  • Managing the process
  • Outcomes
  • 12:00 CASE STUDY

    Paul McCormick

    Paul McCormick, Education Officer, PFI & Premises Manager, Sheffield City Council

  • Rationale behind refinancing
  • Funding structure
  • Sharing the benefit
  • Sharing the risks
  • Maintaining confidence during refinancing
  • 12:40 Lunch

    14:00 PRIMARY PROJECT REFINANCING

    Paul Cleal

    Paul Cleal, Partner, PricewaterhouseCoopers

  • Choice of funding routes
  • Optimising financial benefit
  • Sharing mechanisms
  • Key issues for the public sector
  • 14:40 CAPITAL EFFICIENCY

    Jerry Donohue

    Jerry Donohue, Director, Private Loans, AXA Investment Managers UK

  • Maximising the efficiency of capital
  • Mitigating risk
  • Credit analysis
  • Deal structuring
  • Insight into complex transactions
  • 15:20 Afternoon Tea

    15:40 REFINANCING EQUITY

    Barry Williams

    Barry Williams, Principle, Babcock Brown

  • Role of capital markets
  • Refinancing
  • Public sector refinancing
  • Contracting structures
  • Negotiations
  • 16:20 LEGAL IMPLICATIONS OF REFINANCING

    Mike O’Connor

    Mike O’Connor, Partner and National Head of PFI Projects, Addleshaw Booth

  • Practical issues when working with the original financing package
  • Reporting refinancing – early deals and latest guidance
  • New contractual arrangements
  • 17:00 Chairman's Closing Remarks and Close of Day One

    9:00 Re-registration and Coffee

    9:30 Chairman's Opening Remarks

    Howard Barrie

    Howard Barrie, Partner, Head of PFI, Denton Wilde Sapte

    9:40 UNDERSTANDING PUBLIC INTEREST COMPANIES

    Paul Maltby

    Paul Maltby, Research Fellow, Public Private Partnerships, IPPR

  • Not-for-profit PPPs: an emerging trend?
  • The drivers behind the new forms of PPPs
  • Finance and governance issues in Public Interest Companies
  • 10:20 CASE STUDY

    Fintan Bloomer

    Fintan Bloomer, Finance Manager, Facilities Development Unit, Leeds City Council

  • Key features of the project
  • Unique funding structure
  • Background to refinancing the project
  • The refinancing transaction
  • Being satisfied with the outcome of the transaction
  • Some reflective conclusions
  • 11:00 Morning Coffee

    11:20 TAX ISSUES ON THE REFINANCING OF PPP/PFI

    Paul Bartlett

    Paul Bartlett, Director of Real Estate Tax Group, Deloitte & Touche

  • The two alternatives in PFI taxation
  • The general approach to changes in tax assumptions
  • Moving to composite trade as part of a refinancing
  • Do gains arising need to be shared with public sector?
  • 12:00 CAPITAL RAISING

    Ed Elgar

    Ed Elgar, Assistant Director, Operis

  • Refinancing projects
  • Improving flexibility within the project
  • Overcoming credit weaknesses
  • Achieving lower cost
  • Benefit share
  • Impact on the future of the project
  • 12:40 Lunch

    14:00 RATINGS AND REFINANCING

    Craig Jamieson

    Craig Jamieson, Associate Director, Standard & Poor’s

  • The ratings’ process and using ratings for refinancing
  • How does a refinancing affect rating?
  • Overcoming credit weaknesses
  • Key credit trends in PFI ratings
  • 14:40 REFINANCING GAINS

    Edward Yescombe

    Edward Yescombe, Director, Yescombe Consulting

  • What is refinancing?
  • OGC guidance on calculating and sharing refinancing gains
  • Dealing with corporate refinancings and securitisations
  • The voluntary code of conduct
  • Current market issues
  • 15:20 HOW IS AN EXISTING PFI CONTRACT REFINANCED

    Shibeer Ahmed

    Shibeer Ahmed, Partner, Lovells

  • Insight into refinanced projects
  • Influence of the Fazakerley Prison refinancing on other PFI contracts
  • Rationale behind the 70:30 split
  • Overview of legal implications
  • Lessons learnt for future refinancing deals
  • 16:00 Chairman’s Closing Remarks followed by Afternoon Tea.
    Close of Conference

    +

    The Hatton, at etc. venues

    51/53 Hatton Garden
    London EC1N 8HN
    United Kingdom

    The Hatton, at etc. venues

    HOTEL BOOKING FORM

    Title

    SubTitle
    speaker image

    Content


    Title


    Description

    Download


    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

    Event Title

    Headline

    Text
    Read More

    I would like to speak at an event

    I would like to attend an event

    I would like to sponsor/exhibit at an event

    SIGN UP OR LOGIN

    Sign up
    Forgotten Password?

    Contact SMi GROUP LTD

    UK Office
    Opening Hours: 9.00 - 17.30 (local time)
    SMi Group Ltd, 1 Westminster Bridge Road, London, SE1 7XW, United Kingdom
    Tel: +44 (0) 20 7827 6000 Fax: +44 (0) 20 7827 6001
    Website: http://www.smi-online.co.uk Email: events@smi-online.co.uk
    Registered in England No: 3779287 VAT No: GB 976 2951 71




    Forgotten Password

    Please enter the email address you registered with. We will email you a new password.