The Risk Transfer Process

Our typical project has four steps that can be completed within 60-90 days of initiation:

STEP

1

Initial Structure and Pricing

At no cost to the customer, ERT will review existing environmental information and propose a target price and a legal structure for the transaction. This typically is completed within fourteen days.

STEP

2

Letter of Intent

The parties enter into a non-binding Letter of Intent granting ERT a period of exclusivity, and on occasion a breakup fee, to prepare the transaction for Closing.

STEP

3

Due Diligence, Acquisition of Insurance and Contract Documents

During the exclusivity period, ERT confirms its target price usually without new data or regulator engagement, secures insurance, and finalizes transaction documents and collateral options.

STEP

4

Closing

At Closing, the agreed collateral is funded, and the insurance is bound and ERT manages all indemnified risks going forward.