AUGUST-NOVEMBER 2004

 

Course Materials

 

Topic, Speaker & Discussion Problems
Presentation Link

Reading & Video Materials Before Class

     
     
     

 

Project Finance as Complex

Contracting & Risk Division Exercise

David Linnan

Univ of South Carolina
School of Law

October 4, 2004


[pdf]

[ppt]

  1. View Is the International Water Business Really a Business? (Jean-Francois Talbot @ World Bank B-Span 02/13/02;  88 min, Real Player)

  2. Read

    a.
    David Campbell & Donald Harris, Flexibility in Long-term Contractual Relationships:  The Role of Co-operation, 20 Journal of Law and Society 166 (1993)

    b.Robert J. Phillips, Contract Design, Concession, Award, and Negotiation in Infrastructure Finance (Training Manual, World Bank Institute 2000)

Optionally, if you are not familiar with comparative aspects of common law contracts law or civil law of obligations red-hots read Arthur von Mehren, A General View of Contract in VII International Encyclopedia of Comparative Law, Martinus Nijhoff, Hague, 1982, pp 3-23

Optionally, to hear the counterarguments that water supply should not be a private sector-commercial product, reh-hots should view Water in Public Hands:  An Alternate Perspective (David Hall @ World Bank B-Span 03/19/02:  112 min, Real Player)

 

Interest & Discount Rates

David Linnan

Univ of South Carolina
School of Law

October 9, 2004


[pdf]

[ppt]

  1. Read Klein & Coffee, Business Organization and Finance (9th ed) pp. 316-36
  2. Problem Set A under course webpage “Problems”       

[Problem Set A answers will be distributed in advance to UI/UGM instructors, leave to them how to check student homework]

 

Nat'l & Int'l Banking Regulation (Capital Adequacy & Basel Accord II):
Corporate Finance Risk Evaluation & Pricing

David Linnan

Univ of South Carolina
School of Law

October 11, 2004

 

 

 


[pdf]

[ppt]

  1. Read

    (a) BIS press release June 26, 2004 re Basel II Accord on capital adequacy

    (b) BIS Working Paper #159 The term structure of credit spreads in project finance (August 2004)

    (c) Quantitative Impact Study 3 – Overview of Global Results (Basel Comm. On Banking Supervision May 5, 2003)

  2. View

    (a)  Indonesian Government Infrastructure Presentation, December 10, 2003 Pre-CGI Meeting

    (b)  Infrastructure in East Asia & Pacific:  The Way Forward, July 27-29, 2004 (ADB & World Bank Bali Workshop)

                (i)  Agenda

                (ii)  Powerpoint re funding requirements

  3. View Bank Supervision, Market Discipline, and the Threat of Financial Stability (Mark Flannery @ FMAI Dublin 06/05/03; 39 min, Real Player)

  4. Class presentations, to prepared in advance with powerpoints
    (a) US students to do presentation on material under No. 1 above (BIS material) as it relates to risk control, capital adequacy & pricing of project finance generally

    (b) Indonesian students to do presentation on material under No. 2 above (pre-CGI & Bali workshop material) in relation to question whether BIS material & real infrastructure pricing issues from private sector perspective are adequately reflected in IFI & government materials

    Optionally, red-hots may wish to read the entire final report Basel II: International Convergence of Capital Measurement and Capital Standards:  a Revised Framework (Basel Comm. Publ. No. 107, June 2004)

 

Payment Streams & Present Value

David Linnan

Univ of South Carolina
School of Law

October 16, 2004


[pdf]

[ppt]

  1. Read Klein & Coffee, Business Organization and Finance (9th ed) pp. 237-90

  2. Do Problem Set B under course webpage “Problems”       

[Problem Set B answers will be distributed in advance to UI/UGM instructors, leave to them how to check student homework]

Regulatory Framework & Concessions

David Linnan

Univ of South Carolina
School of Law

October 18, 2004


[pdf]

[ppt]

  1. Read

    (a)
    Concessions for Infrastructure:  A Guide to Their Design and Award (World Bank Toolkit 1998)

    (b) Graham Coop, Long-term Energy sale Contracts and Market Liberalisation --  Are They Compatible (November 5, 2002)

    (c) Ashley Wright, LNG Contracts Asia Pacific Review (July 2004)

  2. Browse Utilities Regulation:  Principles for Regulating Private Infrastructure (World Bank)

 

Risks, Internal Rates of Return & Taxes

David Linnan

Univ of South Carolina
School of Law

October 23, 2004

 


[pdf]

[ppt]

  1. Read

    (a) Read
    Klein & Coffee, Business Organization and Finance (9th ed) pp. 358-68

    (b) Harry Sasson, Managing Risks Through Financial Markets (World Bank Institute, March 1, 1998)

  2. Do Problem Set C under course webpage “Problems”       

Optionally, red-hots may also wish to try Problem Set D.

[Problem Sets C & D answers will be distributed in advance to UI/UGM instructors, leave to them how to check student homework]

 

 

Public and Private Insurance as Risk & Credit Enhancement for Project Finance

David Linnan

Univ of South Carolina
School of Law

October 25, 2004


[pdf]

[ppt]

  1. Browse as representative institutions

    (a) Overseas Private Investment Corporation (OPIC website as US government-affiliated political risk insurer)

    (b) Export-Import Bank of United States (EXIM website as US government-affiliated export credit provider)

    (c) Exports Credit Guarantee Department (ECGD website as UK government-affiliated insurer)

    (d) Servizi Assicurativi del Commercio Estero (SACE website as Italian government-affiliated export credit provider)

    (e) ECA Watch (NGO monitoring export credit agencies)

  2. View

    (a) Christina Westholm-Schroerder, Innovation in Political Risk Insurance (World Bank Institute 2000 presentation)

    (b) Robert Harsh, Guaranteeing Revenues for Infrastructure Projects (World Bank Institute 2000 presentation)

 

Basic Accounting

David Linnan

Univ of South Carolina
School of Law

October 30, 2004


[pdf]

[ppt]

TBA

 

Relational or Long-term Contracting With Changed Circumstances (Civil Law Versus Common Law Jurisdictions in Asia)

David Linnan

Univ of South Carolina
School of Law

November 1, 2004


[pdf]

[ppt]

TBA

 

Valuation in the Market

David Linnan

Univ of South Carolina
School of Law

November 6, 2004


[pdf]

[ppt]

TBA

 

Dispute Resolution, Project Failure & Consequences

David Linnan

Univ of South Carolina
School of Law

November 22, 2004


[pdf]

[ppt]

TBA

 

Project Finance as Project Evaluation Exercise

David Linnan

Univ of South Carolina
School of Law

November 27, 2004


[pdf]

[ppt]

TBA
     

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