Guarantees

Carmel F. de Nahlik and Frank J Fabozzi

Chapter 12 in Project Financing:Financial Instruments and Risk Management, 2021, pp 235-285 from World Scientific Publishing Co. Pte. Ltd.

Abstract: The following sections are included:IntroductionGuarantorsOwner GuarantorsThird-Party GuarantorsBank Letters of CreditInsurance CompaniesInvestment CompaniesThe Coverage of GuaranteesCommercial RiskPolitical RiskCasualty RiskWar RiskActs of GodTypes of GuaranteesLimited GuaranteesIndirect GuaranteesContingent GuaranteesImplied GuaranteesSyndicated Credit (Including Eurocurrency Loans)Example of a Project Financing Support by a User Sponsor’s GuaranteeCompletion GuaranteesGuarantees and Bonds under Construction ContractsDeficiency GuaranteesUndertakings Providing Comfort to Lenders but Not Really GuaranteesDirect and Indirect Guarantees against Nationalization, Expropriation and Political RiskExim Bank Financing and Loan Guarantee ProgrammesShipping Company Financing the Purchase of a Foreign Flagship with a Non-Recourse LoanTake-or-Pay, Through-Put and Put-or-Pay ContractsBuild Own and Transfer or Build Own and Operate TransactionsPuts and Call as Support Mechanisms

Keywords: Project Financing; Development Banks; Structured Finance; Infrastructure; Infrastructure Investment; Financial Instruments; Credit Risk; Public Private Partnerships; Sources of Equity Capital and Debt; Lender Risks (search for similar items in EconPapers)
JEL-codes: F3 G3 G32 (search for similar items in EconPapers)
Date: 2021
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