Understand the asset pool
The quality, timing and concentration of payments matter as much as their headline value. Receivables, leases and operating contracts require different analysis.
Financing solutions for transactions that do not fit a conventional term loan.
A business may have valuable assets and sound prospects without having cash flows that suit a standard lending product. Structured finance begins by identifying what can support a repayment obligation: a receivable, a contract, a portfolio of equipment, the earnings of an operating asset or an appropriate combination of protections.
AFII examines the allocation of commercial and credit risk, the sequence in which investors are repaid and the practical effect of guarantees, reserves and other credit enhancements. Securitisation, off-balance-sheet structures and private credit may be relevant, but only when the economic substance, legal treatment and reporting obligations justify them.
Each mandate needs a different balance of structure, commercial judgement and execution. These themes explain the practical issues that usually shape the work.
The quality, timing and concentration of payments matter as much as their headline value. Receivables, leases and operating contracts require different analysis.
Sensitivity to delayed collections, currency changes and counterparty performance should be modelled before the capital stack is finalised.
Security, bankruptcy remoteness, tax, accounting and regulatory treatment must be considered with qualified advisers. A structure should not be described as off balance sheet until its treatment is independently verified.
Nothing replaces the review of contracts, financial information and the particular circumstances of the borrower, project or investment. Each engagement remains specific to the transaction, counterparties and jurisdiction involved.
Discuss This RequirementCounterparty not published
Counterparty not published
Railways & MetroCounterparty not published
Mid Cap Packaging Company, MP
Germany
InfrastructureIndia
References are drawn from AFII’s published transaction directory. Some entries describe historical, proposed or confidential assignments; inclusion does not establish that every project reached financial close. Photographs are editorial illustrations, not authenticated project images.
Whether the discussion concerns a project, operating company or investment structure, we begin with what the business needs to achieve and what information is available.