International Loans - Advanced

At the end of this course, you will have a complete overview and understanding of international loans, the financing needs they cover, how and when to use these credits, the related risks and the requested guarantees. Therefore, we propose to put into practice the basics, the knowledge and the concepts exposed during the previous module by developing a case study based on the annual report of a defined company as well as some selected parts of the Info Memorandum of a project involving the said company.

This analysis will comprise 3 parts:

• corporate financing focuses on
  • the financing needs of the customer
  • the risk analysis
  • the financing solution
  • the market liquidity
• project financing focuses on
  • the financial needs
  • the risk analysis
  • the financing structure
  • the cash flow projections
• securitization focuses on
  • the Residential Mortgage Backed Securities (RMBS), definition and goals
  • the different phases in the process, the analysis of an RMBS program
  • the evaluation of the tranches by the rating agencies as well as the swot analysis

• Introduction
  • Guidelines
  • Definition
  • Basic knowledge
• Case study
• CORPORATE FINANCE
  • Financing needs of the customer
  • Risk analysis
  • Financing solution
  • Market liquidity
• PROJECT FINANCE
  • Financing need
  • Risk analysis
  • Financing structure
  • Cash-flow simulation
• SECURITIZATION
  • Build up of credit enhancement
  • External rating process
  • Process of securitization
  • Risks
  • Benefits of securitization for issuer and investor
  • Cash Flow Projections