{"product_id":"loan-workouts-and-debt-for-equity-swaps-isbn-9780471893394","title":"Loan Workouts and Debt for Equity Swaps","description":"The key to a successful loan workout is to identify the problemsaccurately and address them early. It is critical that thecompany's underlying business and financial problems are resolvedand not merely the symptoms.\u003cbr\u003e \u003cbr\u003e Loan Workouts and Debt for Equity Swaps examines how a successfulloan workout can be managed. It detail the processes andparticipants involved, whilst providing frameworks and practicalstep- by-step approaches that allow for a coherent and cohesivepolicy to give the best possible chance of success. The bookassists in the ultimate aim of providing a firm base for the futurehealth of the company involved and maximizing the lenders' returns.This work is not merely restricted to companies and banks involvedin the process, but other important participants in loanworkouts.\u003cbr\u003e Areas featured in the book are:\u003cbr\u003e * What loan workouts are and why they are needed\u003cbr\u003e * Non-performing loans related strategies, organization andsystems\u003cbr\u003e * Participants involved in loan workouts and theirmotivations\u003cbr\u003e * Symptoms of corporate distress and corporate turnaroundstrategies\u003cbr\u003e * Major steps involved in a typical loan workout transaction\u003cbr\u003e * Special issues relating to debt for equity swaptransactions\u003cbr\u003e * A case study illustrating many of the issues covered in the bookDurch die zunehmende Globalisierung von Finanzdiensten kommt es immer häufiger zu Situationen, in denen Unternehmen (oder auch Regierungen) Kredite an eine Reihe von ausländischen Banken zurückzahlen müssen. \"Loan Workouts, Restructurings and Corporate Rescue\" untersucht verschiedene Methoden zur Umschuldung, wobei der Schwerpunkt auf Krediten liegt, die durch mehrere internationale Kreditgeber bereitgestellt wurden. Behandelt wird u.a. die Aufstellung einer Umschuldungsabteilung, der gesamte Umstrukturierungsprozeß (mit nützlichen Tipps zur Informationsbeschaffung, Überprüfung und Antragstellung) sowie die Schuldenumstrukturierung ( mit ausführlichen Informationen zu Vorschriften und anderen Kreditbedingungen). Mit einer internationalen Übersicht zu Umschuldungsstrategien in den USA, Großbritannien, Australien, Frankreich, Deutschland, Japan, Italien, Spanien, der Schweiz, Thailand und Malaysia. Ein unentbehrlicher Leitfaden für Finanzexperten.  Foreword by David Wilson Havelock.\u003cbr\u003e \u003cbr\u003e INTRODUCTION AND BACKGROUND.\u003cbr\u003e \u003cbr\u003e Introduction.\u003cbr\u003e \u003cbr\u003e Loan Workouts: What They are and Why They are Needed.\u003cbr\u003e \u003cbr\u003e STRATEGY, PARTIES AND THE PROCESS.\u003cbr\u003e \u003cbr\u003e A Framework for Managing Non-Performing Loans.\u003cbr\u003e \u003cbr\u003e Organisation and Systems Relating to Non-Performing Loans.\u003cbr\u003e \u003cbr\u003e Managing Loan Workout Transactions.\u003cbr\u003e \u003cbr\u003e The Company.\u003cbr\u003e \u003cbr\u003e The Banks.\u003cbr\u003e \u003cbr\u003e Other Key Participants in Loan Workouts.\u003cbr\u003e \u003cbr\u003e External Advisors.\u003cbr\u003e \u003cbr\u003e A Framework for Executing Loan Workouts.\u003cbr\u003e \u003cbr\u003e Turning Around a Business.\u003cbr\u003e \u003cbr\u003e The Information Gathering and Review Process.\u003cbr\u003e \u003cbr\u003e Exploring Loan Workout Options.\u003cbr\u003e \u003cbr\u003e Evaluating Restructuring Options and Developing Proposals.\u003cbr\u003e \u003cbr\u003e Negotiating and Completing Transactions.\u003cbr\u003e \u003cbr\u003e THE MORATORIUM AND FINANCIAL RESTRUCTURING.\u003cbr\u003e \u003cbr\u003e Establishing a Moratorium.\u003cbr\u003e \u003cbr\u003e Financial Creditors Affected by a Moratorium\u003cbr\u003e \u003cbr\u003e The Operation of Facilities in a Moratorium.\u003cbr\u003e \u003cbr\u003e The Concept of Loss-Sharing.\u003cbr\u003e \u003cbr\u003e Multi-Currency Considerations.\u003cbr\u003e \u003cbr\u003e Financial Restructuring.\u003cbr\u003e \u003cbr\u003e Inter-Creditor Provisions in a Financial Restructuring.\u003cbr\u003e \u003cbr\u003e Other Terms and Conditions.\u003cbr\u003e \u003cbr\u003e Introduction to Debt for Equity Swaps.\u003cbr\u003e \u003cbr\u003e Transaction Approach.\u003cbr\u003e \u003cbr\u003e Equity Instruments.\u003cbr\u003e \u003cbr\u003e Other Transaction Parameters.\u003cbr\u003e \u003cbr\u003e Other Technical Issues.\u003cbr\u003e \u003cbr\u003e CASE STUDY.\u003cbr\u003e \u003cbr\u003e Project Gloucester.\u003cbr\u003e \u003cbr\u003e Index. \"The book is needed quite simply because there is a dearth of information on corporate restructuring. At present the number of receiverships is going down and the emphasis is on workouts. In this respect the book is very timely.\", , , #\"I\", , , #  SUBHRENDU CHATTERJI has worked with banks and corporate clients on loan workouts and corporate restructurings around the world. In addition to advising on loan workouts-related strategy, systems and structures within banks, he specialises in structuring debt for equity swap transactions. He is currently the Chief Executive of ConsultingBase, an exchange for consultants working in the emerging markets and developing countries.\u003cbr\u003e \u003cbr\u003e PAUL HEDGES is a Senior Manager with the Royal Bank of Scotland. Since 1989, he has been involved in the credit risk and debt workout areas, both in the UK and Eastern Europe. Paul is particularly experienced in the restructuring of the debt of large, multinational companies, and in multi-bank transactions. He has participated in complex financial restructurings, both as a banker and as a consultant to banks and comapnies.  The importance of corporate rescues has grown dramatically in recent years, as lenders increasingly look for ways of restoring viable companies to health. The need for a successful strategy on loan workouts has been highlighted in recent years with problems not only in the old Eastern Block countries, but the East Asia crisis and most recently Japan as well. Banks in the more developed countries continue to experience periodic intensification of problem loans in their portfolios.\u003cbr\u003e \u003cbr\u003e The authors examine how a successful loan workout can be managed. They detail the processes and participants involved, whilst providing frame-works and practical step by step approaches that allow for coherent and cohesive policy to give the best possible chance of success. In this way, the book assists in the ultimate aim of providing a firm base for the future health of the company involved and maximising the lenders' returns. This work is not merely restricted to companies and banks involved in the process, but other important participants in loan workouts.\u003cbr\u003e \u003cbr\u003e Many experts in the financial sector will welcome this book, especially those specialising in multi-lender loans and corporate rescue and their knowledge of the subject enables them to explain the theories in a detailed, accessible style. Among the items featured are:\u003cbr\u003e * What loan workouts are and why they are needed\u003cbr\u003e * Non-performing loans related strategies, organisation and systems\u003cbr\u003e * Participants involved in loan workouts and their motivations\u003cbr\u003e * Symptoms of corporate distress and corporate turnaround strategies\u003cbr\u003e * Major steps involved in a typical loan workout transaction\u003cbr\u003e * Using reporting accountants and other professional advisors effectively\u003cbr\u003e * Moratoria, or standstills, and the effects and consequences these may have\u003cbr\u003e * Technical issues relating to loan restructuring, especially in multi-lender cases\u003cbr\u003e * Special issues relating to debt for equity swap transactions\u003cbr\u003e * A case study illustrating many of the issues covered in the book  The past 10 years has provided one of the longest sustained periods of economic growth for many western economies. There are signs that this may all be coming to an end. Japan, the UK and the US are but a small proportion of the developed countries that have experienced major economic downturns and associated bad debt crises in the recent past. Throughout the emerging markets and developing countries, companies are being restructured and, along with them, their finances. There is also an increased recognition around the world that rescuing, rather than liquidating, companies with a viable future is to the benefit of all the stakeholders. The demand for specialist loan workout skills has never been greater.\u003cbr\u003e \u003cbr\u003e Corporate distress is characterised by chaos, confusion and crisis. Unless the situation is stabilised and effective steps taken to restore confidence, it culminates in the company's failure. The key to a successful loan workout is to identify the problems accurately and address them early. It is critical that the company's underlying business and financial problems are resolved and not merely the symptoms.\u003cbr\u003e \u003cbr\u003e This book provides a practical guide to the entire range of issues relating to loan workouts. It is critical that an institution has appropriate systems, processes and resources to deliver successful rescues, and the reader is taken through the most important issues in this area. The book further provides a framework for a methodical, step-by-step approach to loan workouts. Technical issues involved in restructuring debt and equity, particularly in multi-lender loan workouts, are also explored in detail.","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989539209445,"sku":"NP9780471893394","price":206.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780471893394.jpg?v=1761784514","url":"https:\/\/k12savings.com\/products\/loan-workouts-and-debt-for-equity-swaps-isbn-9780471893394","provider":"K12savings","version":"1.0","type":"link"}