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Home- SACE has a significant track record in Project and Structured Finance (PSF) in terms of number of deals closed, guaranteeing large-scale limited and non-recourse finance transactions since the mid-90s, with an average annual volume of new guarantees issued ranging between USD 1,0 to 1,5 billion and covering financings in a variety of sectors, mainly oil & gas, petrochemicals, fertilizers, steel, aluminum, telecom, conventional and renewable power plants and strategic infrastructures
- SACE has diversified and recently expanded this activity as well as further refined its eligibility criteria
- SACE has streamlined transaction approval process allowing to obtain the required commitment in an efficient manner
- SACE has consolidated working relationship with all other major ECAs, multilateral agencies and commercial banks, allowing efficiency in multi source transactions
SACE’s approach to PSF Transactions is characterized by: - early involvement in the financing process: SACE wishes sponsors, financial institutions and exporters to involve SACE from the early stage of the financing process of PSF Transactions, in order to streamline due diligence and negotiations and achieve a timely closure of the financing, including issuance of the SACE Guarantee
- direct and pro-active participation in financial negotiations: a dedicated team is set up for each PSF transaction in order to guarantee timely and effective support to the various counterparties involved. This approach ensures that SACE’s requirements and issues are directly discussed and addressed with the parties concerned as early as they arise, achieving more transparency, efficiency and time savings
- close co-operation with the other financiers involved in the transaction: large PSF transactions are characterized by a high level of complexity, increasing with the number of players involved. SACE has developed extensive hands-on experience in multi-sourcing project and structured financings involving several ECAs, IFIs, commercial lenders and local financing institutions. SACE favours a full and transparent information sharing and cooperation with all other financiers in the due diligence process
