CARTA PIANA
Specialized Lending
Abs Commercial Paper
This kind of structured finance instruments allows to issue a debt security, with medium and long term maturities, to finance the future incomes expected from the companies clients, on the basis of the average turnover of the last three years.
The relevant issuance is backed by cash flows and receivables of the originator towards its clients which are then segregated and securitised in favor of the noteholders of the debt securities. The issuance may be guaranteed by primary insurance providers.
C.F.D.
C.F.D. are derivative instruments traded on the forex market. Through our planning, the client company is able to achieve highly effective currency hedging at a significantly lower cost than standard foreign exchange risk-hedging contracts, while also obtaining substantial gains in the event of price fluctuations compared to the spot rate.Such an instrument is used by us both as an independent speculative treasury management operation and as a hedging tool for forward delivery and deferred payment contracts for currencies and commodities.
Commodity Finance
Commodities finance refers to short-term lending to finance reserves, inventories, or receivables of exchange-traded commodities (eg crude oil, metals, or crops), where the loan will be repaid from the proceeds of the sale of the commodity and the borrower has no independent capacity to repay the loan
Project Finance
Project finance refers to the method of funding in which the lender looks primarily to the revenues generated by a single project, both as the source of repayment and as security for the loan. This type of financing is usually for large, complex and expensive installations such as power plants, chemical processing plants, mines, transportation infrastructure, environment, media, and telecoms. Project finance may take the form of financing the construction of a new capital installation, or refinancing of an existing installation, with or without improvements
Income-Producing Real Estate
Income-Producing Real Estate
Income-producing real estate (IPRE) refers to a method of providing funding to real estate (such as, office buildings to let, retail space, multifamily residential buildings, industrial or warehouse space, and hotels) where the prospects for repayment and recovery on the exposure depend primarily on the cash flows generated by the asset. The primary source of these cash flows would generally be lease or rental payments or the sale of the asset. The borrower may be, but is not required to be, an SPE, an operating company focused on real estate construction or holdings, or an operating company with sources of revenue other than real estate. The distinguishing characteristic of IPRE versus other corporate exposures that are collateralised by real estate is the strong positive correlation between the prospects for repayment of the exposure and the prospects for recovery in the event of default, with both depending primarily on the cash flows generated by a property
