Arwin R. Cueto BSIT- 3103 An Example ERP System: SAP ERP SAP is a German company that develops business software. ERP stands for Enterprise Resource Planning and is the term used to describe an integrated software solution that incorporates the key business functions of an organization. The most popular of the ERP systems is SAP ERP‚ developed by SAP AG‚ headquartered in Walldorf‚ Germany. SAP AG‚ (Systems‚ Applications‚ and Products in Data Processing) started operations in Germany
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gave it up‚ those local banks would definitely have a better life while Chase would face a more severe competition in syndicated business in Asia. Risk Whether Chase should “bid to win” or “bid to lose” depends on the risk and return of the syndication. The first question is whether Hong Kong Disneyland could generate enough revenue to cover all liabilities. As Hong Kong was just returned to China and experienced financial crisis‚ the Chinese government would release several policies to support
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Chase-Disney Hong Kong Syndication Q1. How should Chase have bid in the first round competition to lead the HK$3.3 billion Disneyland financing? Why Chase initially intended to bid-to-lose? 1. The syndication term is long-term‚ 25 years tenor which banks did not like‚ and not as per the norm of the region’s syndications’ usual tenor of 3-5 years. 2. Disney land Paris struggles were still fresh in memory‚ and raised the default risk concerns for sponsors 3. 3 lead arrangers condition by the sponsor
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HK$3.3 billion Hong Kong Disneyland financing. To begin with‚ a detailed analysis of the first-round bidding concerns will be provided‚ followed by a discussion on the ‘market flex’ terms in the standard commitment letter. After that‚ alternative syndication strategies will be examined‚ supplemented with the risk-return trade-offs of different structures. The report ends with an assessment of the final results of Chase’s general syndicated leading in October 2000. 1.Winning the First-round Bidding
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terms to get into the second round to "protect their reputation"‚ but not to lead. The deal started to become more attractive with the possibility of Disney awarding a sole lead arranger mandate and with the increased potential for a successful syndication. At this point‚ after Chase made it through the first round‚ they decided on a more aggressive final proposal where they would be very close to meeting most of Disney’s demands in order to win the deal. 2. Standard Commitment Letter The standard
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The problem was to determine the appropriate course of action for the company to take between franchising and syndication. Considering using a SWOT at first glance the decision to analyze the different methodologies using Porter’s Five Forces of Competition gave a more robust analysis within the restaurant industry. The choice of franchising was determined the logical choice over syndication for the company from a financial stand point and a quicker way to market to vie with its major competitors.
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aggressively‚ they also chose to bid aggressively enough to make the short list to protect their reputation. And if they happened to win the mandate‚ it would have to be on terms that met their earnings targets. Need to evaluate the risks (credit and syndication) and returns (financial and reputational) - What are the deal’s key risks and profit potential for Chase? Analyze Chase’s pricing strategy. Risks * Joint mandate → lower underwriting fees * Aggressive competition → reduces profitability
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for first 2 years)‚ it made sense for Disney to choose a company that has a strong relationship with and one that was extremely flexible on the structuring of the loan. Finally‚ we believe the most suitable syndication strategy is to be Chase as the sole mandate with a two-stage syndication process and sub-underwriting (exhibit 8a) Chase Manhattan Bank made a smart initial decision by attempting to bid to lose. This strategy was ideal because due to the uniqueness of the loan it posed several
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Association of Ubakala Indigenes NY‚ NJ and CT branch. Minutes of Meeting held 5/1/2011 by Chief and Lolo Obi and Juliet Ezeigbo. Venue 128 Graybar Dr N. Plainfield NJ 07062. Time- 4pm. Started 5.35 pm. Date- 5-1-201.1 Attendance: 1. Mr and Mrs. Joseph and Caro Ndumele. 2. Mr and Mrs Cyril and Ngozi Amadiegwu. 3. Mr and Mrs Nathan Ebele Enwerekonwe. 4. Mrs Patience Ndumele. 5. Lolo Juliet Ezeigbo. Apologies: Uzuoma Chioma Okechukwu Imeogu Eric Ndumele Innocent Ndumele
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ADVANCED CORPORATE FINANCE Chase’s Strategy for Syndicating the Hong Kong Disneyland Loan Group 1 AFNONIN‚ Artem 3035162144; ARDERN‚ Jeffrey 3035160914; GUPTA‚ Agrata 3035161097; KUTUZOVA‚ Ekaterina 3035162156; Disneyland - Chase Case Study Q1: How should Chase have bid in the first round competition to lead the HK$3.3 billion Disneyland financing? After being approached by Disney to raise HK$3.3 billion nonrecourse loan package on a fully underwritten basis‚ Chase had three options available
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