What is the borrowing base of a fund?

Borrowing base is an accounting metric used by financial institutions to estimate the available collateral on a borrower's assets in order to evaluate the size of the credit that may be extended.

What is the purpose of a borrowing base?

A borrowing base is an important tool for lenders as it allows them to assess the amount of money borrowed against collateral. You calculate this figure by taking the value of eligible collateral and subtracting any outstanding loans. Creditors have to be careful when it comes to giving out loans.

What is the borrowing base of inventory cap?

What is a Borrowing Base? The borrowing base is the total amount of collateral against which a lender will lend funds to a business. It presents a maximum cap on how much asset-based debt a business can obtain. This typically involves multiplying a discount factor by each type of asset used as collateral.

What is an example of a borrowing base?

For example, your lender might count the $50,000 you are owed as $30,000 in collateral, and let you borrow up to $80,000. In that case, your borrowing base calculation would be $50,000 (your cash in the bank) plus $30,000 (the eligible collateral amount, as deemed by the lender, of the money you are owed).

What is borrowing base in oil and gas?

Reserve-Based Lending (RBL) is a type of financing for independent exploration and production companies. RBL is a borrowing-base type of loan sized on the basis of the projected Net Present Value (NPV) of cash flows generated by the underlying oil & gas assets.

How does a borrowing base facility work?

Borrowing base facilities are working capital credit facilities which are secured in full by current assets (usually trading receivables, inventory (ie goods in storage or in transit), cash and contractual rights) of the borrower and/or other security providers.

What is the difference between advance rate and borrowing base?

The amount that can be borrowed is based on the advance rate set by the lender. The advance rate is the maximum percentage of the current borrowing base that the lender can make available to the borrower as a loan (see Exhibit 1 for an example).

What is borrowing base mean?

A borrowing base is the amount of money that a lender is willing to loan a company, based on the value of the collateral the company pledges.

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