资源描述：
《BOT项目的金融风险【外文翻译】》由会员上传分享，免费在线阅读，更多相关内容在学术论文-天天文库。
1、本科毕业论文（设计）外文翻译原文：TheFinancialRisksinBOTProjects.Inthisresearch,financialrisksareconsideredastherisksthathaveanegativeimpactonthecashflowsofthefinancialplaninawaythatendangersproject’sviabilityorlimitsprofitability.ItincludesaboutseverallevelsofMarket-rootedrisks.LoanriskThe
2、loansgrantedtotheconcessionairetofundtheconstructionofaBOTprojectcanbeofseveraltypes;short-orlong-termloans,withfixedorfloatinginterestrate,withsimpleorcompoundinterest.Thetypeoftheloan,thecost,whichincludesallnecessarycoststotakeitoutandtheinterestratestorepayitandanyneces
3、saryspecificprovisionsareincludedinthespecificloansystemthatgovernsthewholelifecycleoftheproject.Theappropriatepercentageofloanstotheoverallfundingplanisafunctionofmanyparametersincluding,amongothers,considerationsofconflictinginterestsbetweenthelendersandtheborrowers,credi
4、bilityofthelendingorganizationsandtheborrowers,abilityforadditionalloansorrenewaloftheexistingonesandsafetyofthedebtamortizationschedule.Anon-protectedloansystemagainstallriskswoulddiscouragepotentiallendersfromfundingtheprojectinthefirstplaceorwouldforcethemtotakeextrasecu
5、ritymeasuresfortheirinvestmentwithaconsequentoverburdenofthetotalcosts.Difficultiesoftheconcessionaireinservingthedebtofloanscancauseimpositionofheavierloanconditionssuchasadditionalguarantees,strictersupervisionmeasures,higherinterestrates,fasterdebtamortization,restrictio
6、nsindividendsandstricterrequirementsforbalancedliquidity.Inextremecases,lenderscouldevenclaimtoundertaketheproject.FallofdemandThedemandfortheproductorserviceofferedbyaBOTprojectisnotguaranteed.Thefuturepreferencebytheend-usersmaybeadverselyaffectedbyseveralparameters.Theec
7、onomicenvironmentisoneofthemostimportantofthem.Anincreaseoftheinflationoradevaluationofthecurrencyreducethepurchasingabilityoftheusersand,therefore,diminishdemand.Theguaranteesprovidedthroughtheoff-takeagreementonlypartiallycovertheconcessionaireiftheexistingrateofreturnisr
8、arelysufficient.Theriskofthefalloftheproduct’sorservice’sdemandisveryimportantands
