Objectives
To develop a sound knowledge of the approaches and mechanisms that enables an organization to be self-financing under optimum cost-effective and timely conditions. To learn how to plan and prepare finance operations in order to dispose of funds needed at a given moment, at the least cost. To understand the main taxation and legislative provisions respecting financing. To understand the nature and financial impact of the principal legal and tax clauses of finance contracts. To learn how to work with lawyers, bankers, notaries and accountants on finance projects.
Contents
Sources of corporate financing and their main characteristics: credit margin and other short-term financing sources, term loans and other medium-term financing sources, bonds and debentures, venture capital, first public issue, subsequent issue of common or preferred shares, hybrid securities, financing of foreign operations, international financial markets. Government funding practices and methods. Project financing. Assessment of rates of return required by financial markets. Financial risk hedging instruments: swap agreements, interest and exchange rate agreements, options, term contracts. Determination of financing policies. Determination of most appropriate maturity dates and issue dates. Preparation of financing applications and supporting documents. Modes and types of collateral required from businesses seeking financing: real property mortgages, personal property mortgages, trust deeds, bonds. Collateral and the Bank Act. Preparation of finance contracts: perspectives of businesses and financial institutions. Assessment of finance contract clauses. Negotiation of finance applications, including terms, conditions and collateral.
Technological information
The course requires access to the Internet and the use of spreadsheet software.
Minimum configuration requirements to take this course: PC with Windows 98 (or higher operating system); software suite, including word processing, spreadsheet and presentation software; Internet Explorer 5.5 (or higher version); Email address; Printer and loudspeakers, if necessary.
Enrolment restrictions
This course is reserved for students registered in the Short Graduate Program in Financial Performance.
You cannot enrol in this course if you have previously succeeded FIN 6060