R A I L T R A N S I T I N V E S T M E N T S & M A N A G E M E N T

NATIONAL STANDARD

GLOBAL SOVEREIGN INVESTORS

R A I L T R A N S I T I N V E S T M E N T S & M A N A G E M E N T

IDEOLOGY

The Aim is to bring together a global range of developers, supply

chain, value chain to create a sustainable investment model that derives its core revenue generative from the services to public

convenience & superior safety in transportation while developing and creating a strong eco friendly system of new generation growth and

progressive models to sustain the future of human life.

INSTITUTIONAL

INVESTOR

BASE

&

MITIGATION

PRODUCTS

RISK

ASSET MANAGEMENT

NATIONAL STANDARD MARKET MERGE

A S S E T M A N A G E M E N T

Structured Amalgamation of Rail Technology ,

Construction , Operations & Management

Rail Road & Urban transit Investments are a critical mandate of delivering transportation

solutions merged with progressive technology, upgradation & expansion management with

high quality and service to human life & safety.

NatStandard’s structured solution in this market is a sophisticated consortium of Rail Line

Developers, Operators and R&D institutions that bring together state of the art integrated

solutions in Investing, Establishing, Construction, Operation & Maintenance of the Railway

Lines for public transportation.

OPERATE

FINANCE DESIGN

BUILD

R A I L T R A N S I T I N V E S T M E N T S & M A N A G E M E N T

T E C H N O L O G I C A L

G R O W T H

S I G N A L L I N G &

T E L E C O M M U N I C A T I O N S

R O L L I N G S T O C K

F I X E D I N F R A S T R U C T U R E S

S A F E T Y & S E C U R I T Y

P R O D U C T I O N &

M A I N T E N A N C E

O P E R A T I O N S & M A N A G E M E N T

E M P L O Y M E N T M A N U F A C T U R I N G

R E S I D E N T I A L E C O N O M I C Z O N E S

C O M M E R C I A L

G R O W T H

N A T I O N A L S T A N D A R D F I N A N C E

B L U E P R I N T & M A S T E R P R O G

R A M D E V E L O P M E N T

F I N A N C I A L F E A S I B I L I T Y D E S I G

N E N G I N E E R I N G T E C H N O L O G Y

S E L E C T I O N C O N C E S S I O N A I R E

P L A T F O R M S

T E N D E R

C O N S T R U C T I O N &

M A N A G E M E N T

O P E R A T I O N S A

S S E T M A N A G E M E N T

S Y S T E M I C R I S K A N A L Y S I S

& M A N A G E M E N T S T R U C T U R E

C R E D I T R I S K U N D E R W R I T I N G

& M A N A G E M E N T

S Y S T E M I C R I S K &

P E R F O R M A N C E

S U S T A I N A B I L I T Y U N D E R W R I T I N G [ S U P P O R T I N G

R I S K M A N A G E M E N T T O

C R E D I T R I S K U N D E R W R I T I N G ]

B O N D & S E C U R I T I E S

B O N D F U N D S & D E B T

C A P I T A L M A R K E T S

P O R T F O L I O M A N A G E M E N T

Standard Structures of Rail Asset Developments are based on

Concessionaire models where the RAIL LINE Developer invests

Equity to the demand market & leverages debt to establish and

generate revenue by operating the rail line for public

transportation.

Typical concessionaires in the global markets include NON

TECHNOLOGICAL & TECHNOLOGICAL Concessionaires with

the major difference being the former invests and procures

solutions and services from Technological Experts and operates

their investment & the Latter is a technological company that

supplies its products and services by hosting their own

concession divisions.

GLOBAL LEADERS IN TECHNOLOGICAL CONCESSIONAIRES

CAF Mitsubishi Hitachi Hyundai Rotem Bombardier Ansaldo Breda Alstom

GLOBAL LEADERS IN NON TECHNOLOGICAL CONCESSIONAIRES

SNC Lavalin Ferrovial Cintra Grupo OHL Isolux Corsan Colas CRCC CCCL

Value Creation & Enhancement Structures for access

to institutional investment placements.

S P E C T R U M

Turnkey Integrated solution

is based on covering the

major aspects of the Rail

Transit Developments

L I G H T R A I L

R A I L R O A D [ T R A M S , E L E C

T R I C ]

M E T R O [ U N D E R G R O U N D & O V E R

G R O U N D ]

M O N O R A I L

M A G L E V S

M A S S T R A N S I T

R A I L L I N E S

T R A C K S

Rail Transit Constructions are an ecosystem development that

includes the development of connecting infrastructures and/ or

availability of such infrastructures.

Habitation is a natural process of rail connections that allow for

the growth of surrounding real estate that attracts destination

realty, commercial realty & residential real estate and a major

Government approach to Residential in affordable housing as this

leads to a fantastic amalgamation of daily travelling human life

that creates superior accessibility, ease of travel & economic

diversity of job creations and living conditions.

Financial & Asset feasibilities are an encompassing & holistic

study which is best designed by Institutions that understand the

Financial Management system in collaboration with Technology &

R&D oriented companies as compared to plain vanilla

consultants. The advantages are that the systemic development

schedules are managed better to understanding the financial

structures needed for successful asset development than just a

contractor who defines the blueprint on the basis of financial need

and requirement to the infrastructure holistic development.

FINANCIAL DYNAMICS

Standard Concessionaire models allows for the developer to

create an alternative finance to the Government by investing in

Equity, Leverage Drive formation and amortise their Equity over a

set concession period.

Basic structured outlay of standard concessionaire model of

leverage:

EQUITY PIECE

DEBT PIECE

EQUITY STANDARD DIVISION

Anchor Equity ***

Early Stage Equity Late Stage Equity

Anchor Equity is the primary equity management required which

should be minimum to 10% of the total equity required to the

asset/s. This defines the core risk management entity’s entry to

the asset development and allows for risk management with core

expertise. The Anchor equity allows for syndicating of Financial

Institutions & other Equity Investors to invest for returns with a

predictability factor coming to play. The larger the anchor equity,

the better the chances of Equity Positioning to be completed.

With the equity piece in, the Debt is a simple syndication that

allows for leveraging the Equity invested and allows for Equity

IRR to be prevalent alongside structured depreciation of the

Asset Books.

EQUITY DYNAMICS

The standard problems asset development faces is the lack of

Anchor and Equity positioning or the time frames attached to the

development of such equity positioning. The risk is extremely

high with capital expensed into designing the revenue model,

specialised recruitments to put the asset into a generative

structure and then to financially structure the entire gambit.

Developers/Concessionaires normally would host anywhere from

6 months - 1 year in syndicating such monies for the asset to

actually break ground.

Expenses to Equity also include risk management, insurance,

bonding, performance and output, risk contingencies etc., which

make the overall structured approach to investments a very

vanilla market and dominant assets face undefined delays or

simple failures in developments envisioned in mega

infrastructures.

The NATSTANDARD entry to these markets and Nat’s

Specialised Financial Asset Management, Credit Risk

Underwriting & Investment platforms allow for such assets to see

the light of day on a superior structured finance program & also

allows for major global equity investors to enter the fray of

investments based on the Developer Platforms having an outlook

of closure to financials and to ensure returns to equity with

downstream underwriting of credit risk management.

Equity Positioning is also based on the Legacy & Vintage value of

the Concessionaires [Developers/Developer Platforms], their

history of performance & risk management, exit structures & value

of asset management structures & Assets Under Management.

The first line of investment management is based on Credit Rated

& Investment Grade Concessionaires to be positioned with NAT

to ensure financial closure potential.

Value Creation & Enhancement Structures for access

to institutional investment placements.

F I N A N C I A L A S S E T M A N A G E M E N T

N A T S T A N D A R D

NatStandard MIIC vehicles are

4 5 solely bond funds and invest

B O N D E N H A N C E M E N T

L I Q U I D I T Y preferential equity as a Master

Limited Partner to Structured

Offerings that underly the revenue

T H E N A T M A R K E T

M I I C [ G C C ]

YoY. The MIIC’s acquire bond

issues that are investment grade Based on the Financial Dynamic &

and where the bonds are unrated & Equity Dynamic Sheets, structured

3 6 asset performance is underwritten investment management schedule

to defined extents, NAT credit risk outlay :

B O N D I S S U E P R E F E R E N T I A L E Q U I T Y entities provide credit enhancement

to the Asset Backed Securities

thereby enhancing the Bond Rating.

Bonds are held & enhanced by an

Y I E L D C O ( I N F R A S T R U C T U R E LOC thereby creating a waterfall

T R U S T ] effect to the liquidity flow.

C O N C E S S I O N U N D E R W R I T I N G

7

A B S / M B S

F D I

D E V E L O P M E N T S P V

G O V E R N M E N T

1

2 C O N S T R U C T I O N

C O N C E S S I O N A G R E E M E N T

U N D E R W R I T I N G

V I A B I L I T Y G A P F U N D I N G

C R E D I T R I S K T R A N S F E R O N P E R F O R M A N C E

P R E M I U M . T R U S T S U S T A I N A B I L I T Y R I S K G E O P O L I T I C A L R I S K

E N H A N C E M E N T [ C R E D I T ]

C R E D I T R I S K M I T I G A T I O N S

S H O R T F A L L M I T I G A T I O N

P R O D U C T R I S K

U N D E R W R I T I N G

S A F E T Y & S E C U R I T Y

U N D E R W R I T I N G

L O S S O F L I F E

U N D E R W R I T I N G

P E R F O R M A N C E B O N D S

D Y N A M I C P R O C E S S

FORMATIVE HEADS

P L A N N I N G T R A N S F O R M A T I O N C L O S U R E E C O N O M I C S R I S K S

Planning: Political vision, Transforming the plan &

Bondability, Issuance

Taxation Management,

Integrated Credit

financial commitment, an development of blueprint

integrated transport solution to detailed engineering, of Securities for Pass Through Enhancement , Risk

that allows for sustainable, formation of the scope of Subscriptions & Management, Hedge Transfer &

growth in an urban work & supply, tender Formation of Dividend Risks, Repatriations & Management,

environment is key. This

structures to costing &

Returns

Fund Management,

Underlying Asset

includes understanding and optimisation, deliverance Asset Management Performance

addressing a community’s management & Sustainability & Exit

concerns regarding any negotiations, delivery, Management

disruption to their way of life as construction, hand over

well as meeting governments’ & management

concerns on the overall value

of investing in a major project.

O R I G I N P R O C E S S C L O S U R E E C O N O M I C S R I S K S

K N O W H O W& D E V E L O P M E N T A N C H O R P A R T N E R S

r M

Emmar Family Offices

since 1976

S T R A T E G I C G O V E R N M E N T & P R I V A T E P A R T N E R S

GLOBAL FINANCIAL AMALGAMATION

PROGRAM SEED CAPITAL

MANAGEMENTAnalysis & Products

Credit Risk

RISK CAPITAL

Analysis

Vision 3D

Layout

Water & Sewage

Transmission & Distribution Study

Track Height & Underground Study

Linkage Blueprint Progressive

Technology

Financial Analysis

Financial Feasibility

Risk Underwriting

Bond Issues

Equity Positioning

Geo Political Risk

Legal

Employment & Paneling

Committee

Equity Roadshows

Bond Issue

Formation of Synthetic Trusts & Offerings

Tendering

Evaluation

Placements

ANCHOR EQUITY

PRODUCT

Asset Spectrum Equity

Underwriting Costs

Issuance Costs

Collection Trust Costs

Bond Holding Negotiations & Agreements

Legal

Credit Compliance

PROGRAM

MANAGEMENT

Creation of a global Government Roadshow & Partnerships come

together with defining the range of work & supply management &

employment generation that the transport investment drive can

create.

The factors of creation of Engineering, Procurement,

Constructions, Design, Planning, Technology & R&D structured

cash inflow models allow for campaigning the Government

entities to come forward to create risk investments catering to

potential future business to the Nations involved.

NSF Global Advisors bring together strong advisory &

management position in Credit Risk Underwriting & Management,

Strategic Partners Emmar Family Offices, with a knowledge of

over 45 years in capital assets in railways ranging rolling stock,

depots, manufacturing, maintenance allow for creation of the right

amalgamation of consortiums, anchor partners such as CAF,

MITSUBISHI, COLAS, SNC LAVALIN bring together strong

technological know how and definition toward the project

development schedules & management techniques.

PROGRAM

MANAGEMENT

Fixed Infrastructure

Supporting Infrastructure

Feed Infrastructures

Training Centre

Rolling Stock

Central Control

Signalling & Telecommunications

Security & Safety

Electrification - Traction & Power

Digitisation

Transmission & Distribution

Automation & Robotics

Water

Depots - Maintenance

Depots - Production

PROGRAM

MANAGEMENT

Rail Infrastructures lead to multiple avenues of Employment Generation & Economic

Development Zones comprising Special Economics, Industrial Parks, Utility Scale Renewables,

Rail Roof Renewables, Monorail Bridge Connections, Airport & Train Station Connectivities. The mix of employment generation is to maximised potential which covers the following

mandates including and not restricted to R&D centres, maintenance centres, housing,

commercial mixed use, economic & industrial zones, cargo bays, transportation & logistics,

supporting industries in advertising, media, public awareness, healthcare, education; the

railways is a key integral factor of communication and holistic growth to economy. The Nat Anchor model allows to bring in global expertise, legacy and quality to life, transit &

growth.

Fixed infrastructure elements in the railway system, from buildings and

structures such as stations and depots, to trackside elements such as track and

traction power systems.

We enable asset owners and operators to optimise the management of their

fixed assets at all stages from project inception, through design, development

and construction, to operation and maintenance. We work both on existing

infrastructure and new build railways and across all rail modes including metro

suburban and tram, heavy and high speed rail.

Our Anchor Infrastructure capability is enhanced by advanced 3D surveying

techniques which uniquely support our track alignment, overhead line catenary,

and civil engineering design teams as well as the work of third parties.

Additionally we offer bespoke expert, asset and operations consulting and

engineering assurance services which best enable asset owners to plan and

manage their infrastructure.

PROGRAM

MANAGEMENT

Experience in markets of North America, Australia, New Zealand, India, Africa,

the UK, Scandinavia, Central Europe and beyond, the partner consortium

provide invaluable railway expertise to deliver sustainable rail and transit projects

that shape cities for generations to come and enhance networks across states.

We help cities and states grow through enabling enhancement in every type of

transportation system by providing greener and customer friendly solutions for a

brighter tomorrow, while upholding the highest standards in health and safety.

We provide world class technical expertise across all aspects of rail vehicles,

signaling, systems and infrastructure.

The business is firmly grounded in the expertise of its staff with multiple partner

base for risk mitigation & through their combined diverse skills and experience,

our experts make the NAT ANCHOR a leader across the spectrum of Rail &

Transit around the world. Additionally, we have substantial experience with

various contracting approaches, including EPCM/EPC services, lump-sum

turnkey, and design-build—as well as public-private partnerships (P3), a cost-

effective model infrastructure clients are increasingly embracing in certain parts

of the world.

Core aim to ensure clients’ businesses succeed and improve efficiency,

reliability, safety and value-for-money of their railway assets and operation. We

achieve this through both the optimisation of existing stock and procurement of

new rolling stock.

The consortium expertise covers the full spectrum of Rolling Stock from all types

of Passenger Vehicles (High Speed, Regional, Suburban/Commuter Stock, Light

Rail - including all tram variants, and Metro), Freight Locomotives/Wagons and

all types of On-Track Plant/Machines.

This expertise extends through all stages of the Rolling Stock lifecycle, from

business case feasibility, specification and procurement, to in-traffic support and

maintenance through to disposal.

The consortium provide Rolling Stock support at all levels from strategic railway

management through to detailed technical services in order to meet the needs

of our clients and their business drivers.

Our amalgamated team is a force for change in the global rail industry, providing

world leading best practice with industry experts, together with experience across

an unparalleled range of products, technologies, systems and solutions on all

types of Rolling Stock around the world.

GLOBAL REFERENCES

The Consortium Partnerships bring together a global range of

references in Integrated Structures & Solutions to the Railway Industry which is passed onto our network of investment

engineering solutions.

High Speed Lines

Mass Transit

Monorail Systems

Maglevs

Locomotives & Cargo

Cargo

Light Rail

Trams

STRUCTURED VISION

To bring together the Governments of Emerging & Mature

Markets that host strong developers & technologists to create a mutual ecosystem of growth in select Nations. To create a cross over employment regime and to create economic growth through Fiscal Strategies & Financial Engineering that can define well laid

out modules of investments & criteria.

The financial engineering and credit risk management from

NATSTANDARD will allow for global Institutional Investors & Core Investment Platforms to DE - RISK their investments into

INFRASTRUCTURE in TRANSIT which is a mega space outlook globally.

The Structured Approach allows for well defined financial ideals &

systemic risk management structures.

The solution bought forward by NATSTANDARD is unparalleled in

its vision that not only brings in financial engineering but also creates one of the most sophisticated asset development

platforms with a global spectrum of world leading technologists to be part of a unified platform.

RISK MANAGEMENT

The key address of NATSTANDARD ANCHOR is to create a highly evolved

RISK MANAGEMENT structure.

From downstream asset holdings based on the network specifics, the creation of

sustainable management to the asset at its tangible position, to a upward

trending risk flow to create a pyramid approach to a single point risk analysis and

management.

NATSTANDARD brings in the crucial requirement of Capital Market Initiatives

of Structured Securitisation, Tranching & Factoring that helps create either a

pyramid to risk and a waterfall to the cash equity.

The sophisticated risk factoring is bought in by in-house expertise and

underwriting structures.

KEY FACTORS

Underwriting

Issuance

Bond Holding

Bond Enhancement

GLOBAL INSTITUTIONAL INVESTORS

NATFUTURES

KNOW NATSTANDARD

Developed as a Global Institutional Investor & Asset Manager, NATSTANDARD is a

specialised direct investor and manages a North American Qualified Investor Base in

placement of liquid portfolios as a Fund of Funds. Pure play capital markets institution,

NAT provides a solution spectrum unmatched by any money market investor and

covers an array of industries. NatStandard delivers both Vanilla Finance of Sale Lease

Backs, Recapitalisation & Debt Refinance to its Sophisticated platforms of Fund Of

Funds approach to Bond Funds, Portfolio Investors & Banking Capital alongside its

services that range on Governance Policy Definitions, Government to Government

Intermediary positioning & establishment of Sovereign Charter Funds & Development -

Ownership of Mega Infrastructures & Tangibles.

NATSTANDARD is a

multinational institutional

alternative investment company

and asset manager.

Capitalised by a consortium of

large North American financial

institutions and some of the

world’s leading global investment

banks with combined financial

assets exceeding US $2 Trillion

,provide the financial backing to

creation of structured finance

options & credit derivative

management on complex

economic & financial mandates.

COMMITMENTS

NatStandard & Global Partners work towards

developing a strategic yet hands on approach

to providing tailor made solutions to Sovereign

& Global Infrastructure Funds to access a high

level of liquidity & development of sustainable

infrastructure & employment generative

initiatives through its impact investments

Build Infrastructures for holistic Sovereign across the world markets.

growth modules in a sector agnostic

spectrum of defined initiatives. NatStandard is the world’s premier investment

managers & portfolio investors covering both

the debt buy spreads & factored investment

perspectives. Helmed by a highly well

networked group of leaders in the world

financial markets, NatStandard offers

unmatched quality in bespoke liquidity

solutions.

GLOBAL

DEFINED

SPACE

National Standard Finance managed by a

highly unique skill set of Global Partners &

Specialised Body Corporates & Institutional

Investor Syndicates, is a global power house

in liquidity solutions for complex & high value

capital formative mandates. The Institutional

Base is Sector Agnostic & A-Political in its

Investment Ideologies and dwells on superior

and elite mandates that bring together a

sustainable portfolio of high quality assets

from both the financial & tangible markets.

NATSTANDARD

NATSTANDARD

Proprietary Institutional Investment Syndicate &

Qualified Investor Base, NAT is a global leader in

Subscriptions to the Structured Private Placement

Managers & Developers’ offerings.

NAT Standard brings a sophisticated investor

module to the global market space and functions

as a platform based investor for a diverse range of

portfolio investments.

PORTFOLIO

SOVEREIGN

STRUCTURED

PLACEMENTS

NATIDEOLOGY

The NatStandard Investment Products are

Institutional Placements to Secondary &

Primary Bond Funds. NATSTANDARD

manages a structured portfolio of

investments that provides equity like

features through its MIIC Platforms & Debt

Capital Market placements on Vanilla

Transactions through US Instrumentation

underlying hybrid securities. NAT is a fund of

funds & manages its investments through

Investment Grade Asset/Portfolio

management platforms

MARKET PURVIEW

NatStandard is a regulated investor in debt markets, fund of hedge funds, financial institutions, sovereign platforms & charter funds.

NatStandard is an informed investor in enhanced debt securities through bond holders & aftermarkets’ positioning through Investment

Grade Issuing & Paying Agent Modules. NatStandard’s investment ideologies are based on American Market Instruments managed

through portfolio definition and issuances.

60%

Sovereign & Financial

Institution Solutions with

unmatched liquidity access

& special products in both

equity & credit derivatives

SOVEREIGN

PLATFORMS

A key product of Nation Building

activity solutions with a sophisticated

product range dwelling on

infrastructure developments &

financing that transcends vanilla products & delivers investments under

highly regulated structures of global

sovereign asset management

mandates

LIQUIDITY

North American Institutional Products of Pension Funds, Insurance Funds,

Sovereign Wealth, Debt Capital Markets

MIIC

Investor Platform for Structured

Investments into Asset Backed Securities, Trust Companies, Yielding

Companies, Portfolio Assets; in

Sovereign & Private Space. MIIC

Global is a strategic & institutional investor with NATSTANDARD the sole

fund of funds.

GROWTH OF

ALTERNATIVE

INVESTMENTS

& FINANCE

NatStandard works with global financial & fund

management platforms and specialised investment

vehicles in the Sovereign & Private markets that

carry investment grade securities & risk

management formatives

Financial Institutions 72%

Developer Portfolios 53%

PROGRESSIVE PRODUCTS

FINANCIAL INSTITUTIONS SOVEREIGN MIIC

Banks & Financial Institutions Central, Divisional, Municipal, State

Hybrid Securities Investor Platform &

Financial Asset Management Vehicle

Structured Solutions for Tier 1 & Tier 2 Asset Recapitalisation, Development Structured Investor, Private Placements

Capital, Portfolio Assets, Perpetuals, Platforms, Growth Fund for Financial Institutions, Portfolio

Private Placements Establishments, Equity Derivative Investor, Trust Investor, Funds

Funds

14%

16% RISK

70%

NATRISK

Pioneer Institution in providing strong

underwriting solutions to portfolio assets &

securities, OTC Derivatives & Risk Transfer

Management Solutions for SPECIALISED

HYBRID SECURITIES & Solutions to Credit

Enhancement & Placements.

NATSTANDARD being an alternative investor and with an ideology of investing on US Instrumentation on

underlying Asset Portfolio of Tangible &/Or Financial Products; the understanding of risk management;

NATSTANDARD boasts of its management corporate to provide risk, project, construction and financial

insurance through our controlled United Kingdom based authorized insurance company located in London,

authorized to underwrite insurance for NatStandard activities from Lloyds of London under a MGA licence.

This includes political risk insurance for financing needs. NATSTANDARD also owns its Re-Insurance

Company.

NATRISK

MANNHEIM GLOBAL

Over 20 Insurance & reinsurance

firms as its core support in

underwriting and bondability factoring

and tranching, Mannheim provides

one of the world’s most flexible risk

transfer & risk management products

COMMERCIAL LINES & AFFINITY • Property & Business Interruption • Liability • D&O / E&O • Construction / CAR • Surety / Credit • Political risk / Contract Frustration • Rental guarantee • Financial guarantee / Residual Value Insurance • Accident • Motor & Trave

PENSION FUNDS & TRUSTS • Shortfall funding • Longevity risk financing • Mortality risk mitigation • Trustee liability • Trustee D&O

ENERGY, INFRASTRUCTURE & CONSTRUCTION • Advance Payment Bonds • Performance Bonds / Completion Bonds • Contractors All Risk • Contract Frustration • Political Risk • Non-honouring of Sovereign Obligations • Solar/Wind shortfall • Dry-well cover • Denial of Access • Environmental liability • Geothermal • Nuclear • Decommissioning & Closure Liabilities

CAPTIVE INSURANCE

• Feasibility studies • Premium & claims analyses • Risk retention optimisation and programme design • Fronting insurance • Reinsurance • Insurance product design and contract negotiation • Captive management & administration • Underwriting • Treasury

Long-Term FX / Currency Hedge Capital Protection Guarantee / Return of Principal Closure Funding / Decommissioning Funding Environmental Clean-up Funding Residual Value Risk Finance Catastrophe Risk / ILW Risk Finance Disaster Risk Finance Mining, Oil & Gas, Nuclear, Renewable Energy

MANNHEIM

NATRISK

Mannheim is a provider of insurance and investment solutions based in the United

Kingdom but our wider group has offices in USA, Luxembourg, Turkey,

South Africa, GCC-Member countries and India. Supported by and

working with global institutions and multi-lateral entities, Mannheim’s

specialist risk financing team has been able to develop exclusive

proprietary expertise and products ranging from currency risk and

principal guarantees to catastrophe risk capacity and solar/wind shortfall

guarantees. Our commercial insurance team has, likewise, been able to

exploit our experience and backing from major insurers and reinsurers to

develop a full-range of commercial insurance including schemes/facilities

for affinity insurance like “bancassurance” and automotive brands.

Our solutions can be provided on a turn-key basis or highly customised for

individual clients or projects, with a special focus on infrastructure, energy,

finance & leasing and longevity /mortality.

Our team of insurance managers each have 20 to 30 years’ of experience in the

insurance and reinsurance sectors. Our clients range in size from SME-

companies to multi-national global corporations, financial institutions and

government entities. Through our insurance broking teams, our solutions

are supported by over 20 global insurers and reinsurers as well as at

Lloyd’s of London, all rated “A-” or better. The Mannheim team has

extensive experience in the fields of underwriting, deal structuring,

complex risk assessment, contract negotiation and global risk programme

management, which allows for constant innovation, flexibility and, most

importantly, timely delivery of executable transactions.

EQUI S.A.M is among National Standards’ Global Fund Management entities. Through EQUI,

NSF utilises its capabilities and financing capacity through regulated and unregulated

securitization vehicles as well as SICAV-SIF type fund structures with EU passport being regulated and monitored by CSSF

(Commission de Surveillance du Secteur Financier). Such an ability provides group with

additional, unique risk mitigation capabilities and therefore deal origination and structuring

opportunities to finance globally. EQUI SAM provides a Full Management Structure to the

NatStandard Entities Worldwide. Our Management is Regulated and Managed from Luxembourg

S.A.M & SICAV type Institutions.

RIFINANCIALENCAPITALASSETS

RIEN FCA, Hold Co, is a Capital Assets Firm promoted by the Emmar Family

Offices; Est., 1976; Positioned in India and Incorporates a Body Corporate RIEN

IFAM [Investments & Financial Asset Management] and is the pioneer Body

Corporate Structure in Investment Management Solutions, Bespoke Solutions in

Securitisation, Trust Offerings, Sustainability Models, Credit Enhancements,

Structured Seed Capital Source. RIEN FCA is also a major solutions provider in

developing sustainable Developer Platforms, Packaging Investment Grade

Developer Structures & Asset Sustainability Solutions and Downstream

Securitisation & Underwriting Solutions. RIEN Works with Blue Chip Partners in

establishing the habitat formatives for credit option transfer placements.

MAR

KETM

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HABITAT FORMATIVE

D Y N A M I C

A M L A

H E D G E

R I S K

I P A

The Investments are mandated through

Issuing & Paying Agents & Trust

Securities Holding Agreements that define

global AMLA to the Investments

F O R E X F L U X

Investments are structured in Dollar

Denomination. The Repatriation of cash flow for

distribution is structured for hedge management

on annuity basis & structured products

D E F A U L T

Directly integrated to performance risks, minimum

and maximum cash flow to distribution is managed

through a tightly formatted algorithm of

securitisation & underlying asset management

L A W

C R E D I T

S . A . M

R E G U L A T O R Y

The Investment structures are

conducted through Regulated

Institutions & Entities in Underwriting

& Issuance.

C R E D I T

E V E N T S

Credit Events are mitigated through

Performance Sustainability &

Translation of Off Take Underwriting

A S S E T

M A N A G E M E N T

The Investments are managed and

regulated by CSSF Regulated

Specialised Asset Management

M U L T I N AMTIONALINFRA S T R IUCT U R E INV E S T CMENTORPO R A T I O N

N A T I O N A L S T A N D A R D F I N A N C E

Multilateral Infrastructure Investment Corporation

L O N D O N

With a specialised market requirement of liquidity arising

worldwide & strategic investors being a select handful, the MIIC

was created to cater the need of structured finance & the

necessity in accessing the Capital Markets’ Institutional

Investors.

To create a management schedule with systemic risk

management at its core, the MIIC from National Standard is a

premiere hybrid securities investor and bond fund with liquidity

from the North American Capital Markets Managed & Invested by

National Standard Finance.

With a unique skill set & a sector agnostic

ideology, the MIIC is the only investor

globally to provide structured investments to portfolio assets in

both the sovereign and private market space.

U S A

S I N G A P O R E

The Aftermarkets

The Core investment area of the MIIC is in acquiring bonds in

the private placement markets. Investment Grade Bonds & Hybrid Securities with Fixed Income Underlying is the major area

of focus. Fixed income herds arising from Portfolio Owners, Sovereign & State Owned Enterprises, Financial Institutions, Investment Managers are the key market space of the MIIC and

focuses on complex transactions in the emerging & mature

markets globally.

The MIIC is supported by in house specialised firms Mannheim

Global [MGA of Lloyds of London]; NatStandard Re; RIEN IFAM

who cater to the formation of specialised habitats in asset management, credit risk management & underwriting, credit enhancements & bonding facilities for specialised book running processes to access the MIIC AFTERMARKET PLACEMENTS.

Bond Investments

Investing in investment grade bonds with underlying portfolios of

fixed income potential.

The MIIC delivers a highly sophisticated investment structure to

portfolio assets.

The MIIC acts in a balanced mandate to create structured sell side solutions

with a diverse vertical integration of global leaders in Credit Risk Management

and Securitisation that allows for creation of innovative structures in tranching,

credit enhancement & risk transfer modules. This in turn is a well managed

structural bridge for the MIIC to provide its Buy Side Asset Management.

The tranching allows for a factored formatives in Equity Spreads that allow the assets

to repay the investments with equity like features & debt like repayments. This allows

for a co-existent market of common stock investors & portfolio developers to re-

capitalise their equity positions and to generate highly liquidity status for future growth

financial recourses.

MIIC Core

The MIIC invests to acquire master partnerships in secondary

market offerings of securities. The investment mandate is to

acquire hybrid securities with investment grade ratings & fixed

income underlying potential. The MIIC is managed by NSF Global

Advisors & RIEN (Investments & Financial Asset Management) for

the Sell Side structures & solutions.

Sell side management is a crucial positioning for accessing the

MIIC capital markets.

A fully regulated layer of management & blue chip partners

worldwide work to bridge the Market & the MIIC investments. The

Bridge is managed in tandem by in house entities to provide full

asset financial lifecycle solutions.

Ideology

The MIIC is provided liquidity by National Standard Finance [USA]

based on the MIIC’s adept model in acquiring Investment Grade

Bonds.

The MIIC is a specialised investor that has a

structured ideology which is managed by its Sell

Side management partners; RIEN Financial Capital Assets, NSF

Global Advisory & Mannheim Global [MGA TO LLOYDS OF

LONDON].

The MIIC is a platform for investing the liquidity by acquiring the

bonds, the sell side entities provide integrated solutions to Global

Portfolio Assets in strategic positioning

The Sell Side hosts a well defined Chinese Wall with the MIIC which

acts solely in acquiring the bonds & securities placed in private.

NATVISION

To fill the void as the premier go -to global infrastructure

financial, insurance and development institution in the world for developing countries while gaining

political and public policy influence through sovereign economic participation and enhancing

regional and global cooperation between

governments

First Private institution to focus exclusively on sovereign,

sub-sovereign and infrastructure funding, development,

economic development, insurance and public policy

related to these subjects.

A strong relationships base with various governments

globally and understanding with active presence in

global political affairs and policy including trade,

NatStandard’s NATFIN is an encompassing solution to

its sophisticated financial product range.

NATFIN

Full service & regulated capital advisory and

management on the basis of monetary issues and

economic planning as well as commercial and

government budgets and capital needs.

National Standard jointly develops and undertakes a

specific country driven focused Marshall Plans and

Economic Stimulus Programs to invest heavily in critical

infrastructure including, but not limited to : low income

housing , clean/renewable power, water, transportation,

roads, airports, smart cities, oil and gas , refineries,

education, high quality healthcare, rail, major private

sector projects and companies that create jobs and

economic zones.

National Standard has a proprietary monetary debt

product available to Central Banks and Finance

Ministers similar to that of the IMF and developed

countries such as the European Central Bank liquidity

facilities.

Market Spectrum

BALANCED MARKETS

HEDGE MARKETS

MONEY MARKETS

EQUITY MARKETS

Convertible Arbitrage - Low Moderate Risk

Distressed Securities - Moderate Risk

Emerging Markets - High Risk Event

Driven - Moderate Risk Equity Long -

High Risk Equity Short - High Risk

HEDGE MARKETS

Fund Of Hedge - Moderate Low Risk

Long [Ratio] Short - Low Moderate Risk

Macro - Global Opportune Diverse - High Risk

Market Neutral - Low Risk

Merger Arbitrage - Low Moderate

SELL SIDE

ASSET MANAGEMENT

Asset lifecycle

Management through

globally renowned asset

managers of tangible

assets & institutional

quality underwriters

RISK PLACEMENT &

MANAGEMENT

NatStandard owned

Mannheim Global for

Credit Derivatives &

Hybrid Securities

formatives through liquid

credit option placements.

Mannheim is an MGA of

Lloyds Of London &

captive insurance & re-

insurance products.

Bespoke Credit Risk

Management solutions.

Sophisticated & Elite Asset

Management Products to

deliver liquid credit options

and definitive private

placements to trust & MLP

offerings

PLACEMENT OFFERINGS

The MIIC global blue chip

networks provide a

structured solution of

placement offerings

through Securitisation

Trusts of Synthetic

Infrastructure & Real

Estate Trusts. Managed

through downstream

Regulated Book runners

& Investment Banking

Networks for structured

finance products and

bespoke bond structures & issuance

TRANCHING

The MIIC Product is

based on tranching

systems & derivatives.

Formation of Spreads on

the Equity Tranche

through acquisition of the

Debt [Senior Tranche].

The Credit Options base

is structured on a Super

Senior Tranche and is a

financially engineered

product.

National Standard Finance is a true

GLOBAL VISION global entity with offices across the

offers hi ghly d evelo ped liquidity

world & operating unique skill sets and

solutions to intrinsic financial

ATLANTA requirements

WASHINGTON D.C

NEW YORK

MEXICO CITY

LONDON

ROME

LUXEMBOURG

ISTANBUL

www.natstandard.com

SINGAPORE

DUBAI

SAUDI ARABIA MPerez@natstandard.com

LUSAKA

JOHANNESBURG

BERMUDA

BEIJING

SHANGHAI

BRUNEI [BBCD & BIMP NATIONS]

INDIA

LEADERSHIP

NATSTANDARD GLOBAL MANAGEMENT

STRUCTURED PRODUCTS

Russell Duke

Chairman & Chief Investment Officer

Stefano Cevolo

CEO & Board Director Investments

Burak Erten

President & Board Director Investments

Omar Bahauddin Khashoggi

PRESIDENT - NATSTANDARD GCC

GMIIC

Paul Emile Desrosiers

President

MIIC

Gosakan Narayanan

President

MANNHEIM GLOBAL

Robert Duff

President

DUKE

CEVOLO

ERTEN

KHASHOGGI

DESROSIERS

NARAYANAN

DUFF

NATIONAL STANDARD FINANCE

NATFUTURES

GLOBAL PIONEER IN FULLY INTEGRATED INVESTMENTS