NICE, FRANCE, June 12, 2007 – Transport and infrastructure leaders from around the world were introduced to the Collateralized Variable Rate Demand Note (CVRDN) at this week’s TransFin 2007 conference held here at the Hotel Negresco.
Joanne Marlowe, Chief Executive Officer of United Financial Technologies (UFT), presented to an enthused, multi-national and diverse audience of global infrastructure specialists. Her presentation included innovative ideas on how the CVRDN, a new debt-based financial instrument, could be used to overcome common but major hurdles to funding infrastructure projects.
The presentation opened by highlighting the macro-economic benefits of incorporating the CVRDN as an alternative bond-based source of debt capital to an infrastructure finance structure. Marlowe provided a brief description of the technical aspects of introducing this new instrument to a public-private project opportunity.
“I was impressed by the keen interest of the group in learning more about the CVRDN following the presentation,” Marlowe said. “Clearly, because of the scope and scale of infrastructure projects around the world, the key industry players from the private sector (i.e., globally-minded banks, infrastructure funds and pension funds) are wisely eager to examine new potential solutions to bring about more efficient long-term infrastructure financing.
“In the wake of innumerable conversations over the course of the week, we are now more confident than ever that UFT has something to offer the specialists in this large-scale, long-term financial arena,” Marlowe said. “We look forward to forging strong relationships that ultimately will boost profitability for institutions that sponsor and apply our turn-key financial model.”
Held over three days, the TransFin 2007 conference features workshops and seminars offering innovative techniques for financing and refinancing global transport and infrastructure projects.
The forum constitutes an excellent platform for developing dialogue among leading institutions and governmental representatives, bringing together private and public sectors to better implement significant development projects and privatization practices in the coming years.
As designed and licensed for use by United Financial Technologies (UFT), a structured product and financial engineering firm (www.unitedft.com), the CVRDN appeals to companies with capital-intensive business models that consistently utilize debt financing. It permits the issuer to raise long-term capital funding at short-term adjustable rates, bringing the cost of money down significantly in comparison to a conventional, comparable-length bond or term loan.
For more information on the CVRDN, visit www.unitedft.com.
United Financial Technologies is a privately held company.
Notice: The information contained in this announcement is only accurate as of the date of its publication and release, and may contain certain forward-looking statements based upon anticipated events that may or may not come to pass. The company makes no representation or warranty as to the correctness or accuracy of the information contained herein, and is under no obligation to update this information at any time after the date of release.