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Financial Close

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Financial Close
The time when the documentation has been executed and conditions precedent have been satisfied or waived. Drawdowns are now permissible.


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Account Reconciliation joins Movaris' other products, Financial Close and Sarbanes-Oxley Compliance.
Receipt of planning consent allows the joint venture to progress the project design and to structure the project financing arrangements as well as the power purchase agreements that are required to allow the project to achieve financial close which is scheduled for second half of 2007.
Binders, or electronic systems of record, containing all compliance and financial close documents needed to reconstruct a close period.
 
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