Certificate in Project Finance (CPF) is an advanced, instructor-led program designed to develop a better understanding of the various concepts/principles related to early stage planning, financial structuring and risk assessment under project finance.
This program will equip you to develop core competencies in technical, financial & economic market appraisal, securities, term loans, external commercial borrowing, risk assessment & mitigation, venture capital, lease finance and working capital finance.
Key Learning Outcomes:
- Learn key techniques of Project Finance
- Use qualitative and quantitative tools and measures to distinguish the key risks
- Interpret each of the risks to determine their severity and potential impact on the transaction structure
- Appreciate how the mechanisms in the transaction documents operate to protect the creditors and evaluate the protection provided
- Build a credit rationale in order to make and substantiate investment decisions
Topics Covered:
- Introduction to Project Finance
- Market Analysis
- Business Model Analysis (Promoter, Technical, Financial & Economic)
- Jurisdiction, Legal and Expert Reports
- Assessing the Risks (Macro risks, Completion risk, Operational risk)
- Risk Mitigation
- Project Investment Criteria
- Debt Service, Capital Structure and Counterparty Risk
- Debt Structure – Documentation
- Financing Capital Structure (Choice of Securities, External Commercial Borrowing, Venture Capital, Lease Finance, Working Capital Finance)
- Taxation & Incentives
Reference Book
The Suggested/Recommended reference books are available on leading bookstores and online portals. Students can buy the recommended reference book directly from the market for the said course.
- Modern Project Finance – A Casebook- By Benjamin Esty
- Project Financing: 7th edition by Peter K Navazzi and Frank J Fabozzi
- Principles of Project Finance, By E.R. Yescombe
Eligibility
A graduate from any stream (Undergraduate Students can register for exams but would be awarded the final certificate after graduation.)
Training Calendar:
You can find the upcoming training schedule for CPF program here
Exam Details
Equalifi is offering the CPF examination on an external, remote-proctored platform. Candidates can schedule an exam by paying the exam fee. Once the exam fee payment is done and exam registration is confirmed, the exam platform sends out the exam link by email to the candidates. Candidates can appear for the exam anytime any day within the next 1 year through this exam link from any place. Candidates need a good internet connection and a functional camera on their PC/ Laptop to appear for this exam.
Registration Process:
Candidates can register for Equalifi Academy’s Certification programs through any of the following modes:
Member Mode
Under this mode, candidate first needs to sign up as an Equalifi Individual Member. As a member, a candidate gets complimentary access to study resources, tutorials (live and recordings) and various other member benefits round the year.
Equalifi Membership is for a year. Candidate can study for any of Equalifi’s education programs during membership tenure. To appear for any exam, a candidate needs to register for the particular exam and appear within a year from the date of exam registration.
Exam Mode
Under this mode, a candidate can directly register for the certification exam of his choice. Once registered for the exam, candidates will receive the exam link by email within 7 working days. Candidates can appear for the exam anytime from anywhere on a remote proctored platform within 1 year from the date of exam registration.
Candidates registering under the exam mode do not get access to any study material or training.
Equalifi regularly conducts exam preparation training for various certification exams. Candidates who wish to attend live training, can either pay and register for each training or sign up as an Equalifi Member to get complimentary access to all study resources for a year.
Upcoming training programs are listed here- Skill-Building Programs
Membership details are given here- Equalifi Individual Memberships
Candidate Audit:
Equalifi will randomly audit a percentage of applications on a regular basis. Candidates will be responsible for providing the requested supporting documentation to verify their education and professional background as mentioned in the registration form. Equalifi’s practice is not to contact employers or educational institutions to obtain verification documentation on the candidate’s behalf. Failure to comply with the audit, falsification or misrepresentation of requested information and/or any unprofessional conduct will result in denial/cancellation of the exam registration and/or revocation of the program certificate. Candidates subject to audit will be notified by e-mail and will have 10 business days to respond. Once selected for audit, candidates will be required to satisfy the audit requirements before being able to receive the final certificate. Failure to comply with the audit will result in forfeiting all fees. Additionally, a candidate who does not comply with the audit will be subject to audit if reapplying for a future testing window.
Fee Details:
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Certificate in Project Finance (CPF)
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For Equalifi Members
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For Non-Members
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Fee
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INR 1,770
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INR 3,540
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*Fee mentioned is inclusive of GST. Exam fee is applicable for one attempt.
Exam Preparatory Material
Access the CPF tutorial recordings and study material here