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Debt Restructuring
  • Overview
  • Objectives & Outline
  • Methodology
  • Participant Profile
  • Trainer
  • Overview
    PROGRAMME DETAILS

    DATE

    18 March 2021

    TIME

    9:00 AM – 5:00 PM

    VENUE

    Online Learning

    This one-day programme aims to answer the many questions that come to the minds of bank managers. It examines the considerations on the part of the banks in deciding whether to restructure a debt or to recall the loan, and what alternatives are available to banks. It walks the participants through the steps and issues involved in debt restructuring and explains each one in considerable detail. The programme will also shed light on the behaviour of lending banks in different scenarios of restructuring.

    LEARNING LEVEL

    Intermediate

    PROGRAMME FEE

    AICB MEMBER

    MYR

    1,200*

    / PAX

    NON-MEMBER

    MYR

    1,500*

    / PAX

    *Subject to 6% Service Tax

  • Objectives & Outline
    LEARNING OBJECTIVES

    By the end of the programme, participants will be able to:

    • Have a glimpse on how banks, in structuring and offering financing facilities, can contribute to non-performing loans
    • Have a grasp on the issues banks typically consider when they deliberate on whether to opt for debt restructuring and not a loan recall
    • Understand what could come with debt restructuring – corporate and financial restructuring. How they work.
    • Comprehend the steps and issues involved in debt restructuring – with a full appreciation of the importance of each in the building blocks of debt restructuring
    • Have a glimpse on how banks would typically behave in different scenarios of debt restructuring

    PROGRAMME OUTLINE

    How banks can contribute to NPLs?
    • Looking at the other side of the coin and examining the causes other than the borrower’s own doing

    Why Debt Restructuring?
    • Weighing the alternative of asset liquidation
    • Estimating the potential loss to the lender
    • Evaluating the chances of recovery

    What are the alternatives to a Recall?
    • Debt Rescheduling – what it means and what it involves
    • Debt Refinancing – what it means and what it involves. Refinanced by existing or new lender. Why would another lender want to take over?
    • Debt Restructuring

    DEBT RESTRUCTURING

    Under what circumstances would a lender consider Debt Restructuring?
    • Determining the light at the end of the tunnel
    • What is the nature of the problem and causes – walking through the typical causes of NPLs, and how banks view each of these causes
    • The likelihood of the causes being remedied
    • Support from stakeholders
    • The magnitude of the possible loss
    • Restating the balance sheet to reveal economic reality – how it is done
    • Evaluating the recovery plan – how viable and what does it take to succeed
    • Beware of antecedent transactions
    • The perils of “wrongful trading”

    What could come together with Debt Restructuring
    • Corporate Restructuring – what would it likely entail?
    • Financial Restructuring – what is a typical scenario? How is it typically carried out?

    What does Debt Restructuring involve?
    • Standstill
    • Moratorium
    • Workout
    • Getting all stakeholders onboard – who are they, why do they matter and how to treat each of them
    • A framework for multi-lender scenario
    • Roles of independent consultants
    • Additional loan – under what circumstances, how to justify, what are the terms
    • Additional funding – what are the terms
    • Change of debt structure
    • New/additional security
    • Debt buybacks
    • Debt-to-equity swap
    • Changing the underlying control of the borrower
    • Do we keep the existing team? – what to consider?
    • The Restructuring documentations
    • Post restructuring monitoring and rehabilitation – what are the condition precedents and what processes will be involved

    Corporate Voluntary Arrangement (CVA)
    • What it is and how it works as an arrangement for a company to seek a compromise with its creditors
    • What the effects on the company are and how it compares with other corporate rescue mechanisms

    How banks would typically behave in a debt restructuring
    • The conundrum of corporation vs competition
    • The different classes of corporate debts, the different ranking and priorities and the complexities in treating them
    • When is fair treatment different from equitable treatment to lenders?
    • The issue of simple majority and two-third majority in decision making
    • Why a bank that lends least can be hardest to please
    • The forming of a committee

    Glossary of Terminology in Debt Restructuring
    • A list of the usual terms used in debt restructuring and brief description of their meanings

  • Methodology

    Online lecture, including presentations and discussions.

    Technical Requirements:

    • Desktop, notebook or tablet with camera, speaker and microphone
    • Internet access
    • Conference platform: Zoom

  • Participant Profile

    This programme is suitable for bank managers who want to have an understanding in the issues of debt restructuring and the mechanism of the exercise. It is also applicable to corporate directors and managers who want to understand the vicissitudes of the issues involved in debt restructuring.

  • Trainer

    YEOW TIANG HUI

    Yeow Tiang Hui graduated in Economics from the National University of Singapore where he studied International Finance, Banking & Monetary Economics. He obtained his further training in banking and finance from the Institute of Banking & Finance in Singapore, Deutsche Bank Asia Pacific and Citibank Asia Pacific Banking Institute, where he studied Credit & Financial Analysis, Applied Financial Services, International Trade Finance, Corporate Finance and Financial Derivative Products.

    He has 33 years of experience in banking and investment having first worked with the small and medium enterprise clients in United Overseas Bank and Citibank N.A. , Singapore. Thenceforth, he moved on to manage the multinational accounts in Deutsche Bank AG, then the large local corporate clients in Citibank/Citicorp Malaysia, where he was also the Vice President in the venture capital outfit, and the Head of Commercial Banking.

    From 1997 to 2005, he served as head of the offshore banking business of the French banking group Crédit Industriel et Commercial. The coverage was Malaysia, the Greater China and the Philippines.

    From 2007 till 2016, he has served as the Head of Corporate Banking Kuwait Finance House. And in 2012, he set up the client coverage team, housed under the Investment Banking Division.

    His last position was as the Chief Executive Officer of Alkhair International Islamic Bank Bhd.

    He is fluent in (written and spoken) Chinese, English, Malay and the Indonesian languages and have worked in Singaporean, American, German, French, Middle Eastern and Malaysian environments.


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