DSRA and MRA webinar slides
The PowerPoint slides from this session.
Why lenders ask for a DSRA and MRA
Reserve accounts are financial safeguards inside a project finance structure. The Debt Service Reserve Account (DSRA) holds a buffer so debt service is still paid when cash flow dips. The Maintenance Reserve Account (MRA) sets aside funds for major maintenance, so the asset keeps performing and operations continue.
Together they strengthen the project’s credit profile, reduce the risk of default and give lenders more confidence in the project’s long-term resilience.
This recorded webinar shows how the two accounts work, why they matter and how to model them. It also looks at the Debt Service Reserve Facility (DSRF) and how it compares with a funded reserve account.
What you will learn
Reserves as safeguards
How the DSRA and MRA work as financial safeguards in a project finance structure.
Reserve mechanics in the model
How to model reserve mechanics that respond when you run stress scenarios.
Reserve clauses in credit agreements
How to read the reserve clauses in a credit agreement and carry them into the model.
The commercial logic
How to explain, with confidence, why lenders and sponsors agree to each reserve.
Who this DSRA and MRA webinar is for
Financial modellers, developers and credit analysts who want to build their technical modelling skills and understand reserve structures in project finance.