Courses

AutumnAcademy

Financial Instruments in ESI Funds.
Practitioner’s Toolbox

Lisbon
1900 EUR (excl. VAT)
  • Description

    PROGRAMME
    • Lessons Learned in Programming Period 2014-2020
    • Cooperation between Fund of Funds Manager and Financial
    Intermediaries
    • Structuring and Implementation of Loan Instruments
    • Selection of Financial Intermediaries
    • Structuring and Implementation of Guarantee Instruments
    • Ensuring Compliance with State Aid Rules+Case Studies
    • Problem Solving Session
    • Combination of Grants with FIs
    • Equity Fund Practice

     

    Course methodology

    We believe learning happens best with practical knowledge.

    After the completion of the first day of the Autumn Academy we are inviting the participants to a walking tour to discover Lisbon and the life of its citizens, ending in the restaurant Portugália – Cais do Sodré with a get-together dinner.

    Our guide will be an urban expert Jérôme Crozy.

  • Programme

    Wednesday 11 November 2020

    • 08.30

      Welcome Coffee

    • 09.00

      Welcome note by ESI Funds Academy

      Introduction of participants; tour de table

    • 09.30

      Introduction to the Topic and Lessons Learned in Programming Period 2014-2020

      Policy Framework and Ex Ante Conditionalities

      • Objectives of the IF (ex-ante evaluation, financial gap, market failure)
      • Legal framework including main provisions of Omnibus Regulation
      • Types of financial instruments. (loans, guarantees, equity)
      • Cooperation between Fund of Funds Manager and Managing Authorities
      • Lessons from the past experience for the next programming period
      • After 2020: the future proposals for the new MFF in the field of Financial Instruments (Cohesion Policy, Invest EU etc)

      + Case study: How to set flexible ex ante assessment?

       

      Paweł Chorazy; Expert on Programming and Implementation of EU Funds; Poland

    • 11.00

      Coffee Break

      Networking

    • 11.30

      Cooperation between Fund of Funds Manager and Financial Intermediaries

      • Role of ex-ante assessment and investment strategy
      • Legal requirements
      • Structure of Funding Agreement
      • Management Costs and Fees
      • How to ensure good cooperation between Fund of Funds and Financial Intermediaries
      • Recent Bulgarian or other national cases

       

      Kamen Slavov, Head of Financial Instruments Fund Manager of Financial Instruments in Bulgaria (invited, tbc)

    • 13.00

      Lunch

    • 14.00

      Structuring and Implementation of Loan Instruments

      • Main parameters to be decided
      • What is the difference between IF support and potential repayable financing on the market from grants? – analysis of similarities and differences between instruments
      • Investment risk assessment
      • Components of individual financial instruments (e.g. in the case of loans: margin, commission, interest rate, Jessica – social element)
      • Principle of project sustainability and results in IF
      • The concept of project sustainability under financial engineering instruments
      • Enforcement of funds
      • Risk of irregularities, most common situations and examples
      • Issues related to double financing or over-financing of investments

      + Case study: What to take into account while setting a loan products portfolio for enterprises?

       

      Paweł Chorazy; Expert on Programming and Implementation of EU Funds; Poland

    • 15.00

      Selection of Financial Intermediaries

      • Main legislation and guidance
      • Types of potential financial intermediaries / financial institutions
      • Selection of financial intermediaries
      • Public procurement and the design of competitive calls

      + Case studies:
      How to write Terms of Reference and what to be aware of during a procurement process? How to check credibility of the financial intermediary in the public procurement?

       

      Paweł Chorazy; Expert on Programming and Implementation of EU Funds; Poland

    • 16.30

      End of the official programme of day 1

    • 18.00

      Walking Tour and a get together dinner

      After the completion of the first day of the Autumn Academy we are inviting the participants to a walking tour in the heart of Lisbon with a get together dinner

      Starting point: Praça Dom Pedro IV

      Restaurant Portugália Cais do Sodré

      Our guide will be an urban expert Jérôme Crozy

    Thursday 12 November 2020

    • 08.30

      Welcome Coffee

    • 09.00

      Structuring and Implementation of Guarantee Instruments

      • Guarantee Instruments
      • General rules
      • Key parameters of guarantee to be decided

      + Case study from Poland:Loan Portfolio Guarantee for Innovative SMEs – guarantee supported by interest rate subsidy

       

      Artur Bartoszewicz Ph.D., Warsaw School of Economics

    • 10.30

      Coffee Break

      Networking

    • 11.00

      Ensuring Compliance with State Aid Rules

      • The concept of State aid and its application to ESI Funds and financial instruments
      • State aid regulations applicable for financial instruments
      • General Block Exemption Regulation (GBER) 2014-2020
      • What are the conditions for an exemption?
      • Specific requirements applying to FIs
      • Rules on Risk Finance
      • How to use de minimis aid and off the shelf financial instruments
      • How to ensure that all aid is passed on to final beneficiaries

       

      + Case Study

       

      Artur Bartoszewicz Ph.D., Warsaw School of Economics

    • 13.00

      Lunch

    • 14.00

      Audit and Control of FI

      +Case Study

       

      Artur Bartoszewicz Ph.D., Warsaw School of Economics

    • 15.30

      End of the Official Program Day 2

    Friday 13 November 2020

    • 08.30

      Welcome Coffee

    • 09.00

      Case Studies on the implementation of FI in Portugal (Part 1)

      Teresa Mouro Ferreira; Expert on financial instruments including creation, management and administrative and on-the-spot verifications

    • 10.30

      Coffee Break

    • 11.00

      Case Studies on the implementation of FI in Portugal (Part 2)

      Teresa Mouro Ferreira; Expert on financial instruments including creation, management and administrative and on-the-spot verifications

    • 12.30

      Lunch

    • 13.30

      Combination of Grants with FIs

      Angelina Todorova Head of Coordination Unit, Fund Manager of Financial Instruments in Bulgaria (tbc)

    • 14.30

      Equity Fund Practice

      • Equity Instruments
      • General rules
      • Key parameters to be decided
      • How does an equity fund work in terms of rules? (i.e. management fee, hurdle rate, carried)
      • The economics of a fund, including costs related to compliance

       

      Kamen Slavov, Head of Financial Instruments, Fund Manager of Financial Instruments in Bulgaria (tbc)

    • 15.30

      Summary of Main Points, Lessons to be Drawn and Advice, and Final Comments by Participants

      Kamen Slavov, Head of Financial Instruments, Fund Manager of Financial Instruments in Bulgaria (tbc)

    • 16.00

      End of the Academy

      Good Bye Coffee; Handing out of the Certificates

  • Experts

  • Venue

    4 * Hotel in Lisbon Hotel Açores Lisboa

    Av. Columbano Bordalo Pinheiro 3, 1070-060 Lisboa, Portugal

    https://www.bensaude.pt/hotelacoreslisboa/en/

     

     

    Next to the training materials the trainign fee is covering:
    a) the Catering during the training (3 Coffee Breaks and a Lunch every day);
    b) a Walking Tour in Lisbon in the evening of the First Day of the Training;
    c) a get-together dinner in the evening of the First Day of the Training.

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