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). The following drivers are available: 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" Input of a value proper to the selected driver. Start date of the Reserve account necessity defined through a Date Choice Box. For example: "first time at transaction", that is Transaction + 0 months. 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. The Financing Mode allows to finance cost components with current cashflows (internal) or with external resources like Equity or Debt (external). Financing with current cashflows. When they aren't suffices, a liquidity cap arises. Financing with external capital demand (Equity or Debt). 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: 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.Input Field Description Unit Presetting Name
Reserve account name Free text "Account" + Index Driver
Selection Fix Look Ahead Period (Driver = Next Debt Service)
Month 0 Value
Value in combination with driver 0 Start
Date Choice Box Transaction + 0 Months End
Date Choice Box Project End + 0 Months Financing Mode
Internal External Selection Internal Interest
Base Rate Defined Interest Base Rate. Margin Additional Margin on the Base Rate in % or in basis points (bps). Percent nominal per year Method of Payment (Interest)
Method of Payment allocation None
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