3FOOD

Third Industrial Revolution Consulting Group
between bond issuers / investment fund / loan providers, ESCOs, and the private and public
sector as participating organizations.
The various contractual agreements that make up the LuxSEF approach and tie together the
participants (ESCOs, public and private program participants, bond issuer, and investment
funds) need some more explanation. As illustrated in Figure 7 there are two routes available
that connect participating organizations (public and private) to the bond issuer via the LSDFP.
On the left hand side of Figure 7, a financing window is opened that is especially attractive to
the private sector. This financing window, which can be called a “service performance”
financing window, relies on contractual agreements that enable off-balance sheet debt
placement but is accompanied by less aggressive savings. On the right hand side of Figure 7 a
second financing window, which can be called a “guaranteed savings” financing window, relies
on a different set of contractual agreements that particularly enable the public sector to pursue
aggressive savings.
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