Download PDF Introduction – SPVs as the Backbone of Structured Finance Special Purpose Vehicles (SPVs) are separate legal entities formed by a sponsor, designed to acquire assets, issue securities and manage cash flows. SPVs are typically thinly capitalized with their own balance sheet, and many structured to be bankruptcy remote. Read more…
Download PDF Introduction Project Finance is a method of financing for capital-intensive infrastructure projects that depends on project cash flows to cover operating expenses and pay outstanding debt. Project Financing may refer to the construction of new installations, or the refinancing of already existing ones. It is used in many Read more…
Introduction Markets all around the world have been characterized by high volatility and unsatisfying returns in recent weeks, primarily because of the dramatic drop in oil prices and the alarming data on China’s growth, which has failed to meet analysts’ expectations for the fourth quarter of 2015 by about one Read more…