Reserves
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Reserves
In connection with Debt tranches Banks generally demand Reserve accounts. These are current blocked accounts (Balance Sheet) in the form of Debt Service Reserve Account (DSRA), Decommissioning Reserves or Restoration Reserves. The reserve accounts binds the required Cashflow (Cashflow statement) and unlocks it later (End).
| Input Field | Description | Unit | Presetting | ||||
|---|---|---|---|---|---|---|---|
Name | Reserve account name | Free text | "Account" + Index | ||||
Driver | The available drivers per section are listed on the following page: Driver | Selection | Fix | ||||
Look Ahead Period (Driver = Next Debt Service) | The Look Ahead Period contains all periods (in months since necessity) for the Next Debt Service calculation (Debt Tranches), if the driver is Debt Service orientated. For Example: "50% of next year Debt Service", which means Driver = "Debt Service", Value = "50%", Look Ahead Period = "12 months"; similar: Value = "100%", Look Ahead Period = "6 months" if the bank defines "Debt Service of the upcoming 6 months" | Month | 0 | ||||
Value | Input of a value proper to the selected driver. | Value in combination with driver | 0 | ||||
Start | Start date of the Reserve account necessity defined through a Date Choice Box. For example: "first time at transaction", that is Transaction + 0 months. | Date Choice Box | Transaction + 0 Months | ||||
End | End date of the Reserve account necessity defined through a Date Choice Box. For example: "Necessity till Project End", that is Project End + 0 months. | Date Choice Box | Project End + 0 Months | ||||
Financing Mode | The Financing Mode allows to finance cost components with current cashflows (internal) or with external resources like Equity or Debt (external).
| Selection | Internal | ||||
Interest | Annualized interest rate (nominal) which is executed on closing balance of the previous period (this means after change of the previous period respective before change of the actual period). The interest charge is defined by the Method of Payment allocation (Interest). The Interest is composed by the Base Rate and the Margin:
| Percent nominal per year | |||||
Method of Payment (Interest) | Allocation of a Method of payment. For example: "first time at Transaction, every 3 month with a Target of 2 months". When no Method of Payment is used, the Profit & Loss statement is consistent with the Cashflow statement. Affected net current assets have a value of 0 in the Balancesheet. | Method of Payment allocation | None |