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项目融资是国际通行的大中型基础设施融资方式,项目融资由于其有限追索性质,发展了一整套发现并合理分摊风险的技术。“封闭贷款”是国有商业银行为支持部分国有企业摆脱困境,在特定条件下发放的一种专项贷款。“封闭贷款”的风险较高,分析探讨项目融资风险控制技术对我国商业银行寻求风险管理技术创新,改进“封闭贷款”风险管理具有借鉴意义。一、项目融资风险的特征与控制项目融资是指以建设项目本身的名义筹措资金,并仅以项目自身预期收入和资产承担债务偿还责任的融资方式。在公司融资中,如果项目失败,贷款银行可以找担保人履行担保义务,而项目融资无第三方的担保和抵押,贷款银行对借款人的追索仅限于项目的出资部分和股东支持责任。
Project financing is an internationally accepted medium-sized and medium-sized infrastructure financing method. Due to its limited recourse nature, project financing has developed a set of technologies for discovering and reasonably sharing risks. The “closed loan” is a special loan issued by state-owned commercial banks under certain conditions in order to support some state-owned enterprises to get out of their predicament. The risk of “closed loan” is high. It is of great significance to analyze and explore the project financing risk control technology to seek the risk management technology innovation and improve the “closed loan” risk management in our country’s commercial banks. First, the project financing risk characteristics and control Project financing refers to the construction project itself in the name of financing, and only the project itself, the expected income and assets to assume debt repayment obligations financing. In corporate finance, if the project fails, the lending bank can find the guarantor to fulfill the guarantee obligation, while the project financing has no guarantee and mortgage from the third party. The lending bank’s recourse to the borrower is limited to the funded part of the project and shareholder support responsibility.