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The Advanced Project Finance Courses
July 29 - August 2, 2002 * Omni Ambassador East * Chicago, IL
Click Here To Download A Complete Conference Brochure <http://www.pmaconference.com/advpf_0702_pma.pdf>	 
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Using a mix of lecture and unique "hands-on" exercises, attendees will learn the latest trends in structured financing, the criteria financial institutions and credit rating agencies use to analyze and evaluate projects for funding, and today's latest concepts in risk mitigation (including techniques for estimating and mitigating market risk). 	
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Valuation Modeling for Project Finance will not only teach you how to develop models using alternative software, but it will provide participants with an understanding of the underlying financial and economic concepts--debt capacity, cost of capital, contract vs. merchant pricing structure and Monte Carlo simulation. Those who complete this course will have the ability to develop financial models from scratch and use these models to perform complex financial engineering tasks.	 
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Commercial Bank Credit Analysis of The Project Loan Structure, Sensitivity Analysis and Coverage Ratios

Working Through the Bond Agency Rating Process for a Power Project Financing

Designing Project Capital Structures to Maximize Equity Value

Debt Structuring with Market-Based (Merchant) Revenues

Break-Even Analysis, Pricing Requirements and Simulation for Merchant Projects

Addition of Debt Leverage to the Simple Model

Debt Sizing with Contract-Based Revenues

Using Valuation Techniques to Inform Decision Making, Comparing and Contrasting Traditional Cash Flow Techniques to a "Real Option" Methodology
Construction of a Simple Financial Model without Debt Leverage

Modeling the Impacts of Supply Contracts

Use of Project Model to Compute Bid Price

Compute Forward Prices for Valuation of a Merchant Power Plant

Evaluate Pricing of Debt using Option Models

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Macros and Programming Issues in Valuation Models 

* Macros useful in valuation models
* Use of visual basic to create goal seek techniques with user inputs
* Programming mathematical equations that resolve circular calculation issues with interest expense and financing
* Resolving problems with computing IRR in macros 
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Click Here To Download A Complete Conference Brochure <http://www.pmaconference.com/advpf_0702_pma.pdf>	 
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