3.3 FOUR RISKS
Each structure allocates the same four risks differently
6 min
| Structure | Delivery risk | Credit risk | Price risk | Reputational risk |
|---|---|---|---|---|
| Results-based contract | You | The payer | Not applicable | With the evaluator |
| Impact bond | Investors | Outcome funder | Not applicable | With the evaluator |
| Guarantee facility | The borrower | Guarantor, then lender | Not applicable | Lender, you select |
| Blended facility | The operator | Junior capital first | Off-taker or market | Facility and sponsor |
| Carbon prepayment | Project developer | Prepaying investor | Buyer and market | You, via benefit sharing |
- Carried by you
- Carried by a counterparty
- Shared
- Does not apply