摘要
基础设施债权投资计划作为一种创新型金融产品,融合了多种金融工具的优势,与企业债券、银行贷款以及项目融资相比,债权计划的优势体现在其主动投资的功能。所谓主动投资,是在交易结构的设计中寻求偿债主体、项目、担保人之间恰当的偿债结构安排,也是在风险管理的实践中,运用富于针对性的积极方法,以确保偿债安排得以顺利实现。因而,深入领会法规本意,分析债权计划各种交易关系,吸收其他债务投融资工具的优势,选择与交易结构相对应的风险管理方法,共同形成了债权投资计划这一新型投融资工具得以平稳、有效运作的实践方法框架。
As an innovative financial product,Infrastructure Debt Investment Scheme takes advantage of various fi- nancial instruments. It reflects more active investment features than corporate bonds, bank loans and project finan- cing vehicles. The so-called active investment,is to seek the appropriate debt repaying structure arrangements be- tween the debtor, the project, and the guarantor in the design of deal structure, and to ensure the smooth implemen- tation of debt repaying arrangement by using targeted and proactive method in the practice of risk management. Thus, proper understanding of the intention of laws and regulations, analyzing various deal relations of Debt Invest- ment Scheme, absorbing the advantages of other debt financing instruments, and selecting the risk management method compatible with the deal structure, will form the practical method framework for the smooth and effective operation of the new financing instrument-Debt Investment Scheme.
出处
《保险研究》
北大核心
2011年第4期3-11,共9页
Insurance Studies
关键词
债权投资计划
主动投资
监管本意
交易结构
风险管理
Infrastructure Debt Investment Scheme
active investment
supervision intention
deal structure
risk management
