Top Essay Writers
Our top essay writers are handpicked for their degree qualification, talent and freelance know-how. Each one brings deep expertise in their chosen subjects and a solid track record in academic writing.
Looking for a similar answer, essay, or assessment help services?
Simply fill out the order form with your paper’s instructions in a few easy steps. This quick process ensures you’ll be matched with an expert writer who
Can meet your papers' specific grading rubric needs. Find the best write my essay assistance for your assignments- Affordable, plagiarism-free, and on time!
Posted: October 9th, 2021
Project Loans and Commercial Loans Assignment | Homework For You
Evaluate the banker’s argument that project loans and commercial loans are equally risky.
In August of 2002 the banking community was attempting to understand what effect the Basel II Models Task Force (MTF) was going to have on their industry. Initial estimates of additional required capital was in excess of 22% compared to current level. This evoked a strong reaction from many of the institutions none stronger than Citi Bank, ABN AMRO, Deutsche Bank and Societe Generale. The four banks established a task force and engaged Risk Solutions a division of Standard and Poor’s Corporation to commence a study based in 3 phases:
What Citation Formats Do You Support?
We hear “Can you write in APA or MLA?” all the time—and the answer’s a big yes, plus way more! Our writers are wizards with every style—APA, MLA, Harvard, Chicago, Turabian, you name it—delivering flawless formatting tailored to your assignment. Whether it’s a tricky in-text citation or a perfectly styled reference list, they’ve got the skills to make your paper academically spot-on.
Phase 1 – analyze LGD of Project Finance Loans of the four institutions
Phase 2 – analyze the PD of Project Finance Loans of the four institutions
Phase 3 – repeat the process with six to ten additional banks to bolster the statistical relevance of the findings
This exercise presented a number of difficulties. None greater than agree on a a definition of Project Finance and Default. The consortium agreed on the following:
Project Finance: A project company is a group of agreements and contrats between lenders, project sponsors, and other interested parties that creates a form of business organization that will issue a finite amount of debt on inception; will operate in a focused line of business; and, will ask that lenders look only to a specific asset to generate cash flow as the sole source of principal and interest payments as collateral.
Default: a borrower was un able to make a contractually scheduled payment of principal and/or interest. This would include bankruptcies that disrupt payments, including default and cure within the grace period, consensual restructuring, amendment of the credit facility’s repayment terms, and/or refinancing the facility with the original lenders in order to give the borrower more time to repay the loan.
The conclusion reached and the argument made by the consortium to the MTF was “ The results are fairly clear: project finance loans are not riskier than comparably rated corporate loans either from an LGD or PD perspective” as per James Baker, an associate at Deutsche Bank and echoed by S&P Risk Solutions. The consortium in question was responsible for originating 25% od all project loans in 2001. Finance homework help
Why Choose Essay Bishops?
You Want The Best Grades and That’s What We Deliver
Affordable Prices
We offer the lowest possible pricing for each research paper while still providing the best writers;no compromise on quality. Our costs are fair and reasonable to college students compared to other custom writing services.
100% Plagiarism-Free
You’ll never get a paper from us with plagiarism or that robotic AI feel. We carefully research, write, cite and check every final draft before sending it your way.