Différences

Ci-dessous, les différences entre deux révisions de la page.

--- en:ddefifien2022 [2022/05/05 16:42] – [Course content] cpouet
+++ en:ddefifien2022 [2022/07/04 15:28] (Version actuelle) – [Brief description] cpouet
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+=====Course unit: Corporate Finance =====
+** <color red> Beware! Under construction. </color> **
+==== Course metadata ====
+  * Title in French: Finance d'entreprise
+  * Course code: tba
+  * Type: specialized course
+  * ECTS credits: 8
+  * Semester 10 (Spring)
+  * Teaching period: Mid-February to Mid-April
+  * Teaching hours: 100h
+  * Language of instruction: English and French
+  * Coordinator: tba
+  * Instructor(s): Amaury Schoenauer (Caisse d’Epargne CEPAC),  Mehdi El Alaoui	(International Finance Corporation), Benoît Forgues	(Rgreen), Olivier Vandooren (Sigée Finance), Julien Belon (Arx Corporate Finance), Hugues Chabalier (2CFinance),
+Mathieu Rebbi (EY)
+  * //Last update 04/07/2022 by C. Pouet//
+==== Brief description ====
+This course unit is divided into four parts:
+  * ** Structured finance ** (24 hours) taught by Amaury Schoenauer,
+  * ** Project finance ** (24 hours) taught by Mehdi El Alaoui, Benoît Forgues and Olivier Vandooren,
+  * ** Workshop in corporate finance ** (24 hours) taught by Julien Belon, Hugues Chabalier and Mathieu Rebbi,
+  * ** Data Project:  modeling and validation ** (20 hours) taught by tba.
+==== Learning outcomes ====
+  * Know how to build a financial model and challenge its assumptions
+  * Understand how bankers can manage risks using structured finance
+  * Know the advantages and drawbacks of structured operations
+  * Understand how these operations can allow for financing large industrial projects
+  * Know the advantage and drawbacks of PPPs
+  * Understanding the specificities of start-up financing and advising
+==== Course content ====
+=== Structured finance ===
+  -  Main market players and rationale for using structured finance
+  - Promoters Credits
+    * Understanding the Promoter's logic
+    * Understanding Credit Risk
+    * Assessing the risks for the banker
+  - Investor Credit
+    * Conceptualization
+    * Leverage and Loan to Value (LTV)
+    * Debt Service Cover Ratio (DSCR) and Interest Cover Ratio (ICR)
+    * Slicing of Debt
+  - Due diligence and points of vigilance of the banker
+    * Leases and Rental Conditions
+    * Valuation Report
+  - Other operations
+  - Perspectives on Market Finance (Securitization)
+=== Project finance ===
+  - The main steps of project finance
+    * Tender
+    * Structuring
+    * Optimization
+  - Financial modelling
+    * The issue of circularity
+    * Internal rate of return and gearing ratio
+    * Case study
+  - The case of renewable energy projects
+    * Prices and costs of renewables
+    * Bank versus funds
+    * How to set the price of a project?
+=== Workshop in corporate finance ===
+  - Financial modelling using Excel
+  - The specificities of Transaction Services Advisory
+  - Advising start-ups (on their business model and in making them viable)
+  - Projects with real start-ups
+=== Data Project:  modeling and validation ===
+tba
+==== Bibliography ====
+You can check the availability of the books below at [[https://documentation.centrale-marseille.fr/|Centrale Marseille library]].
+  - Structured finance
+     * Vernimmen, P. (2021). Finance d’entreprise. Dalloz.
+  - Project finance
+     * tba
+  - Workshop in corporate finance
+     * tba