1 / 9

"Off-the-shelf" financial instruments July2013

Explore off-the-shelf financial instruments including RS Loan, Capped Guarantee, Co-investment Facility, Renovation Loan, and more. Learn about structure, aim, state aid implications, eligibility criteria, and benefits for final recipients.

swinney
Download Presentation

"Off-the-shelf" financial instruments July2013

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. "Off-the-shelf" financial instrumentsJuly2013

  2. Types of instruments proposed: • Loan for SME's based on a portfolio risk sharing loan model (RS Loan); • Guarantee for SMEs (partial first loss portfolio) (Capped guarantee); • Equity Investment Fund for SMEs and start-up companies based on a co-investment model (Co-investment Facility); • Loan for energy efficiency and renewable energies in the residential building sector (Renovation Loan); + Template funding agreement

  3. Loan for SME's based on a portfolio risk sharing loan model (RS Loan)

  4. Guarantee for SMEs (partial first loss portfolio) (Capped guarantee)

  5. Equity Investment Fund for SMEs and start-up companies based on a co-investment model (Co-investment Facility)

  6. Loan for energy efficiency and renewable energies in the residential building sector (Renovation Loan)

  7. Term sheets • Structure of the financial instrument • Aim of the instrument • State aid implication • Lending/ guarantee/ investment policy • Pricing policy • Programme contribution to the financial intermediary (product details) • Programme contribution to financial instrument (activities) • Managing authority's liability • Duration • Alignment of interest • Eligible financial intermediaries • Targeted results (reporting, monitoring and evaluation) • Final Recipients eligibility • Characteristics of the product for the final recipients • Evaluation of the economic benefit

  8. Questions from the last meeting • Developed draft term sheets template have been communicated – details are now available • Off The Shelf instruments are opportunities, not an obligation • New Off The Shelf instruments mightbedeveloppedlater in othersectors/productsbased on the content of the programmes and demands (public building…) • Compatibility withother instruments shallbeverified in the ex ante assessment • Privatesectorinvolvementis key (leverage, risk, implementation…) • RS Loan and CappedGuarantee • 4 years portfolio availabilityis a market practice and benchmark • Co-investmentFacility • Conditions are determined by the GBER (FR eligibility, co-financing rates…) • EquityInvestmentFund

  9. Q&A time Thank you

More Related