KfW銀行集團概覽課件

6th/7thDecember2006,Beijing

Mr.ArneGooss

DirectorKfWOfficeBeijingCDMinChina:OpportunitiesforSino-GermanCooperation

6th/7thDecember2006,BeijiKfWBankengruppeataglance

KfW銀行集團概覽PromotionalbankoftheFederalRepublicofGermany.Foundedin1948.Shareholders:

FederalRepublicofGermany(80%),Germanfederalstates(20%).

Balance-sheettotalattheendof2005:

EUR341billion.3,500employeesattheendof2005.

Rating:

AAA/Aaa/AAA.

KfWBankengruppeataglance

KBrandStructure.

業(yè)務(wù)范圍促進德國經(jīng)濟發(fā)展投資信貸出口信貸及項目融資對發(fā)展中國家及轉(zhuǎn)型經(jīng)濟國家的促進BrandStructure.

業(yè)務(wù)范圍促進德國經(jīng)濟發(fā)展投KfWBankengruppeinChina

ChinaTrackRecordsince1980:9billionEuro

自1980年以來，集團在中國貸款總額:90億歐元Activity業(yè)務(wù)Governmenttogovernmentloansfordevelopmentpurposes

發(fā)展合作政府間的貸款Privatesectorloansandequityparticipations

私營部門的貸款和股權(quán)投資Export&projectfinanceatcommercialconditions商業(yè)條件的出口信貸和項目融資Staff人員330323320InChinasince中國業(yè)務(wù)始于198519851980StaffinChina在中國辦事處的人員98repres.byKfWEntwicklungsbank由KfW開發(fā)銀行代表TotalCommitmentsinChina對中國的總承諾額

EUR3,6Billion

36億歐元EUR0,4Billion

4億歐元EUR5,5Billion55億歐元MainFocus

在中國的主要服務(wù)對象Publicsector公共部門機構(gòu)Privatesector私營部門企業(yè)Private/Publicsector私營部門企業(yè)/公共部門機構(gòu)KfWBankengruppeinChina

KfWCarbonFund

ObjectivesoftheFund.碳基金目標 Background

背景

EuropeanEmissionsTradingSystem(ETS),LinkingDirective NationalAllocationPlans compliancestrategiesofaffectedcompanies

ProvideaserviceinstrumentforGermanandEuropeanenterprises

wantingtouseproject-basedcertificatesforcompliancepurposes

為德國和歐洲有意購買基于項目減排量的企業(yè)提供一種服務(wù)工具

alternativetoownmeasuresandemissionstrading nointernalcapacitiesrequired riskmitigationbydiversification

KfWCarbonFund

ObjectivesofKfWCarbonFund

FundConcept.碳基金方案 Purchaseprogramme(“Buyers’Pool”)forproject-basedcertificates 基于項目的減排額購買計劃

PurchaseofcompliancetoolsfortheETS

(CERs,ERUs,project-basedEU-Allowances) commercialorientation

KfWpurchasesasatrusteeforparticipants

KfW受參與企業(yè)的委托進行購買 initsownname,fortheaccountofparticipants onthebasisofindividualAgencyContractsbetweenKfW

andeachparticipant

longtermoff-takecontractswithsuppliersofcertificates(“ERPA”) 與碳減排額提供方簽定長期購買協(xié)議 upto2012withoptiontoextend paymentondelivery;pre-financingbyKfWonacasebycasebasisKfWCarbonFund

FundConcept.KfWCarbonFund

ContractualStructure.

合同結(jié)構(gòu)Participant1KfWProject

Portfolio(“KfW

Carbon

Fund“)Project

nProject3Project2Project1Participant2Participant3ParticipantxERPAAgencycontractsKfWCarbonFund

ContractualSKfWCarbonFund

FundVolume.碳基金規(guī)模 Fundvolume: 計劃總額度: EUR84million,8400萬歐元 KfW‘scontributionfromownfunds:KfW 自己出資:

EUR10million,最多1000萬歐元 GermanGovernment(“seedmoney”):德國政府（種子資金）:

EUR4million,最多400萬歐元 Acquisitionofparticipants:認購參與方

1sttrancheclosedendofApril2006

Secondtrancheinpreparation:

targetvolumeofEUR80–100million

Launchofsecondtranche: Q1/2007KfWCarbonFund

FundVolume.碳KfWCarbonFund

PurchaseContracts(I).購買合同(I) Long-termpurchaseagreement(Forwardcontract)

長期購買協(xié)議 KfWwillbuyinitsownname(AAABuyer)

KfW以自己的名義購買(三A級購買者) Guaranteedminimumofftakequantity

有保障的最低購買量Contractperiodupto2012withoptiontoextend

合同期至2012年,還可能延長Market-basedpricing(fixedorvariablepricing)

價格隨行就市（固定價格或浮動價格）KfWCarbonFund

PurchaseContKfWCarbonFund

PurchaseContracts(II).購買合同(II) Deliveryoptions期權(quán)交割 Earlydeliveryoptionforsellerearlyfulfillmentofcontract;

optiontosellsurplusamountsinlateryearsinthemarket

為賣方提供提前交割可供選擇的可能性 RightoffirstrefusalforbuyeronAdditionalandFutureCredits

買方有按市場價格購買額外和未來減排量的首選權(quán) Paymentarrangements

付款安排 Paymentondeliveryasarule通常見貨付款 Prefinancingonacasebycasebasis

視情況提供預(yù)付款KfWCarbonFund

PurchaseCont

KfWCarbonFund/KfW碳排放投資交易基金

InvestmentPolicy.投資策略EligibleProjectTypes

符合條件的項目Generallytherearenotspecificlimitations

總體而言無特殊限制ExclusionsinlinewithKyotoandETS:

排外條款,以京都議定書和歐洲排放交易計劃為準,具體是:nuclearpowerprojects

largehydropowerprojects(asperobjectivesofWorldCommissiononDams)untilfurthernoticeLULUCF-activitiesKfWCarbonFund/KfW碳排放投資KfWCarbonFund

ProjectSelectionPrinciples.項目挑選原則 Objective:目標: buildingupabalancedprojectportfolioundertheaspectsofrisk andreturn “investmentgrade”projectportfolio

Maincriteria:主要標準: deliveryrisk(project,country,counterparty,“Kyoto”) pricepertonofCO2e transactioncosts(normallyminimumof50,000t/paCO2eper transaction;bundlingpossible) preparationstatus(deliveryfrom2008atthelatest)KfWCarbonFund

ProjectSelectKfWCarbonFund

TimeSchedule.時間進度安排officiallaunch(FloatingoffirstCDM-tender):正式啟動:

June2004,2004年6月29日presentstatus:目前狀況: morethan200projectproposalsreceived;about30projectsshortlistedfourERPAsandsixLoIssignedsectors:renewableenergies(hydro,wind,biomass)andmethane abatement(landfill,minegas)countries:China,Brasilia,Egypt,Nepal,IndiaconclusionoffurtherERPAs: untilmidof2007deliveryofcertificates: until2012

KfWCarbonFund

TimeSchedule.

TheKfWCarbonFund

德國復(fù)興信貸銀行碳基金

Mr.BernhardZanderFirstVicePresidentKfWCarbonFundPalmengartenstrasse5–960325FrankfurtTel:+49-69-7431-4218Fax:+49-69-7431-4775carbonfund@kfw.deMr.ArneGooss

Director

KfWOfficeBeijing1170,SunflowerTower37MaizidianStreetBeijing100026China

Tel.:+86(10)8527-5171Fax:+86(10)8527-5175kfwbeij@

TheKfWCarbonFund

德國復(fù)興信貸銀行6th/7thDecember2006,Beijing

Mr.ArneGooss

DirectorKfWOfficeBeijingCDMinChina:OpportunitiesforSino-GermanCooperation

6th/7thDecember2006,BeijiKfWBankengruppeataglance

KfW銀行集團概覽PromotionalbankoftheFederalRepublicofGermany.Foundedin1948.Shareholders:

FederalRepublicofGermany(80%),Germanfederalstates(20%).

Balance-sheettotalattheendof2005:

EUR341billion.3,500employeesattheendof2005.

Rating:

AAA/Aaa/AAA.

KfWBankengruppeataglance

KBrandStructure.

業(yè)務(wù)范圍促進德國經(jīng)濟發(fā)展投資信貸出口信貸及項目融資對發(fā)展中國家及轉(zhuǎn)型經(jīng)濟國家的促進BrandStructure.

業(yè)務(wù)范圍促進德國經(jīng)濟發(fā)展投KfWBankengruppeinChina

ChinaTrackRecordsince1980:9billionEuro

自1980年以來，集團在中國貸款總額:90億歐元Activity業(yè)務(wù)Governmenttogovernmentloansfordevelopmentpurposes

發(fā)展合作政府間的貸款Privatesectorloansandequityparticipations

私營部門的貸款和股權(quán)投資Export&projectfinanceatcommercialconditions商業(yè)條件的出口信貸和項目融資Staff人員330323320InChinasince中國業(yè)務(wù)始于198519851980StaffinChina在中國辦事處的人員98repres.byKfWEntwicklungsbank由KfW開發(fā)銀行代表TotalCommitmentsinChina對中國的總承諾額

EUR3,6Billion

36億歐元EUR0,4Billion

4億歐元EUR5,5Billion55億歐元MainFocus

在中國的主要服務(wù)對象Publicsector公共部門機構(gòu)Privatesector私營部門企業(yè)Private/Publicsector私營部門企業(yè)/公共部門機構(gòu)KfWBankengruppeinChina

KfWCarbonFund

ObjectivesoftheFund.碳基金目標 Background

背景

EuropeanEmissionsTradingSystem(ETS),LinkingDirective NationalAllocationPlans compliancestrategiesofaffectedcompanies

ProvideaserviceinstrumentforGermanandEuropeanenterprises

wantingtouseproject-basedcertificatesforcompliancepurposes

為德國和歐洲有意購買基于項目減排量的企業(yè)提供一種服務(wù)工具

alternativetoownmeasuresandemissionstrading nointernalcapacitiesrequired riskmitigationbydiversification

KfWCarbonFund

ObjectivesofKfWCarbonFund

FundConcept.碳基金方案 Purchaseprogramme(“Buyers’Pool”)forproject-basedcertificates 基于項目的減排額購買計劃

PurchaseofcompliancetoolsfortheETS

(CERs,ERUs,project-basedEU-Allowances) commercialorientation

KfWpurchasesasatrusteeforparticipants

KfW受參與企業(yè)的委托進行購買 initsownname,fortheaccountofparticipants onthebasisofindividualAgencyContractsbetweenKfW

andeachparticipant

longtermoff-takecontractswithsuppliersofcertificates(“ERPA”) 與碳減排額提供方簽定長期購買協(xié)議 upto2012withoptiontoextend paymentondelivery;pre-financingbyKfWonacasebycasebasisKfWCarbonFund

FundConcept.KfWCarbonFund

ContractualStructure.

合同結(jié)構(gòu)Participant1KfWProject

Portfolio(“KfW

Carbon

Fund“)Project

nProject3Project2Project1Participant2Participant3ParticipantxERPAAgencycontractsKfWCarbonFund

ContractualSKfWCarbonFund

FundVolume.碳基金規(guī)模 Fundvolume: 計劃總額度: EUR84million,8400萬歐元 KfW‘scontributionfromownfunds:KfW 自己出資:

EUR10million,最多1000萬歐元 GermanGovernment(“seedmoney”):德國政府（種子資金）:

EUR4million,最多400萬歐元 Acquisitionofparticipants:認購參與方

1sttrancheclosedendofApril2006

Secondtrancheinpreparation:

targetvolumeofEUR80–100million

Launchofsecondtranche: Q1/2007KfWCarbonFund

FundVolume.碳KfWCarbonFund

PurchaseContracts(I).購買合同(I) Long-termpurchaseagreement(Forwardcontract)

長期購買協(xié)議 KfWwillbuyinitsownname(AAABuyer)

KfW以自己的名義購買(三A級購買者) Guaranteedminimumofftakequantity

有保障的最低購買量Contractperiodupto2012withoptiontoextend

合同期至2012年,還可能延長Market-basedpricing(fixedorvariablepricing)

價格隨行就市（固定價格或浮動價格）KfWCarbonFund

PurchaseContKfWCarbonFund

PurchaseContracts(II).購買合同(II) Deliveryoptions期權(quán)交割 Earlydeliveryoptionforsellerearlyfulfillmentofcontract;

optiontosellsurplusamountsinlateryearsinthemarket

為賣方提供提前交割可供選擇的可能性 RightoffirstrefusalforbuyeronAdditionalandFutureCredits

買方有按市場價格購買額外和未來減排量的首選權(quán) Paymentarrangements

付款安排 Paymentondeliveryasarule通常見貨付款 Prefinancingonacasebycasebasis

視情況提供預(yù)付款KfWCarbonFund

PurchaseCont

KfWCarbonFund/KfW碳排放投資交易基金

InvestmentPolicy.投資策略EligibleProjectTypes

符合條件的項目Generallytherearenotspecificlimitations

總體而言無特殊限制ExclusionsinlinewithKyotoandETS:

排外條款,以京都議定書和歐洲排放交易計劃為準,具體是:nuclearpowerprojects

largehydropowerprojects(asperobjectivesofWorldCommissiononDams)untilfurthernoticeLULUCF-activitiesKfWCarbonFund/KfW碳排放投資KfWCarbonFund

ProjectSelectionPrinciples.項目挑選原則 Objective:目標: buildingupabalancedprojectportfolioundertheaspectsofrisk andreturn “investmentgrade”projectportfolio

Maincriteria:主要標準: deliveryrisk(project,country,counterparty,“Kyoto”) p