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Risk management
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Describe the principal risks faced by the vehicle. Describe and analyse the vehicle’s current exposure to such risks. Principal risks will cover, among others, areas such as:
As an integral part of the disclosure of the description and analysis of principal risks and their current status, the specific ESG considerations and risks should be included – see ESG15 of the inrev-guidelines">Sustainability module. Exposure to shareholder loans should be analysed separately from external loans. |
Annual |
Interim Describe material changes |
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Describe the overall organisation of the risk management function and refer to key policies and procedures to monitor and mitigate exposures to key risks and uncertainties.
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Annual |
Interim Describe material changes |
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Summarise the vehicle’s current risk appetite and tolerance levels. Describe the level of compliance with this framework and comment on any specific breaches and remedial plans. |
Annual |
Interim Describe material changes |
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In a tabular form, give details of the overall financing structure of the vehicle. Include information such as financing costs, lender, security arrangements, recourse arrangements, maturity, and interest and loan amortisation terms. Refer to the financial statement disclosures as appropriate.
SDDS references: |
Annual |
Interim Describe material changes |
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Comment on the overall financing structure of the vehicle by reference to its overall strategy and future prospects. Such commentary should provide information on the status of material new debt arrangements, early debt reimbursements, and debt restructuring programs relevant to the period or anticipated in the foreseeable future.
SDDS references: |
Annual |
Interim Describe material changes |
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Describe and comment on the vehicle and SPV’s current key financing ratios, for example, interest service coverage ratio, property level loan to value gearing ratio and the vehicle’s general level compliance with such ratios. SDDS references: |
Annual |
Interim Describe material changes |
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Describe and comment on the use of derivative financial instruments and their impact on the vehicle’s performance. Disclose their key terms and fair values and their treatment in the financial statements and NAV.
SDDS references: |
Annual |
Interim Describe material changes |
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Describe and comment on the vehicle’s overall financing income and charges by reference to the vehicle’s financing structure, cash balances, changes in market conditions etc.
SDDS references: |
Annual |
Interim Describe material changes |