From Principles of Project Finance
Glossary and Abbreviations
Technical terms used in this book which are mainly peculiar to project finance are capitalised, and briefly explained in this Glossary, with cross-references to the places in the main text where a fuller explanation can be found; other financial terms used in the book are also explained and cross-referenced in the Glossary, as are the various abbreviations used.
- Failure by the Sponsors to continue with the construction or operation of the project. See 6.8.1
- accreting swap
- An interest rate swap drawn in installments to match drawing of the notional principal amount. See 9.2.1
- acknowledgements and consents
See Direct Agreement(s).
- Asian Development Bank, a regional IFI. See 11.6.5
- Annual Debt Service Cover Ratio, the ratio between operating cash flow and debt service over any one year of the project. See 12.9.1
- advance payment guarantee
- Security provided by the EPC Contractor for amounts paid in advance under the EPC Contract by the Project Company. See 7.1.10
- African Development Bank, a regional IFI. See 11.6.6
- agent bank
- The bank liasing between the Project Company and its lenders. See 5.1.8; 13.12
- All Risks insurance
- Insurance against physical damage to the project during operation. See 7.6.2
- ALOP insurance
- Advance Loss of Profits insurance.
See also DSU insurance.
- amortizing swap
- An interest rate swap reduced in installments to match reductions in the notional principal...
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