Introduction to Sukuk Structure 04m 35s
Overview
Preview
Key Features and Issues to Look at
Looking at the Technical Aspects of the Structure
Commercial Terms and Legal Notice of the Offering Circular 03m 35s
Functions of Important Legal Terms in the Offering Circular
Schedule Dissolution of the Sukuk - Maturity Date
Overview of the Structure Diagram 06m 51s
Structure Diagram and Description of the principal cash flows
First Step: Head Lease transferred to the Issuer
Second Step: Sublease
Third Step: Purchase Undertaking
Transfer of a Head Lease and Leaseback Asset
Sukuk Assets 04m 26s
Substitution of Premises during the life of the Sukuk
Defined terms of the Head Lease
Terms of the Sublease
Role of the Special Purpose Vehicle 06m 37s
The Role of an Obligor on a Sukuk Transaction 11m 04s
How does an Obligor Retain Control of Assets / Substitutions?
What is the Nature and Functions of an Obligor?
Credit Risk at Redemption
Functions of Dissolution and Distribution Amounts
Achieving the Sale of Asset after Dissolution
Exercise Price on the Initial Sale of Asset
Key Issues and Credit Risk Process at Redemption 11m 04s
Process of Credit Risk on an Asset Sale
Accrued / Unpaid Structure
Dissolution occurring before the next Profit Payment Date
What are the Aspects of a Procurement Undertaking?
Summary and Conclusion
Aspects of Supplementary Rent and Sublease 06m 39s
References to Supplementary Rent and Sublease
Servicing Agency Agreement
Delegating Responsibility through the Servicing Agency Agreement
Three Elements of the Exercise Price
Calculation of Asset Price at Maturity 08m 37s
Elements of the Asset Price at Maturity
Obligations of the Obligor in its Capacity as Tenant
Mechanism of the Transaction
Surrender Undertaking and its Expected role
Scheduled Dissolution Date or the Planned Maturity Date
Trustee Options on Purchase Undertakings 08m 44s
Standard Terms relating Mechanisms to Undertakings
Exercise Notice Agreement
Purchase Undertaking and Exercise Notice Outcomes
The Role of an Exercise Agent
Credit Risk / Procurement Undertaking Outcome
Profit Payments and Profit Reserve Accounts in a Sukuk Transaction 11m 41s
How to Compute Sukuk Periodic Distribution
Definition of Profit Reserve Account
A Case of Insufficient Profits
Mechanism of Exercise Price
What happens to Excess Profits?
Applications of Proceeds from Trust Assets
Relationship of Incentive Fees and Profit
Role of the Trustee - Her Majesty's Treasury (HMT)
The Effects of Shariah Compliance on a Sukuk Transaction 10m 39s
Aspects of Shariah Compliance in Sukuk
Parties Involved in a Sukuk / Bond Transaction
Nature of the Obligor
Nature of Islamic Investors
Nature of Advising Banks
Managing Shariah Compliance Issues
Sukuk Structure Summary 04m 29s
