Reserves
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. | 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. | Project End + 0 Months | |
Financing Mode | 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). | Percent nominal per year |
|
Method of Payment (Interest) | Method of Payment allocation | None |