This note examines the rationale for taking security in project finance transactions and considers a typical security package, including standard quasi-security arrangements (such as negative pledges and guarantees) and sponsor support arrangements (such as completion guarantees) commonly used in project finance transactions.

For more information on taking security generally in England and Wales, see Practice note, Taking security.

For more information on the perfection and priority of security in England and Wales, see Practice note, Perfection and priority of security.

For more information on taking security in a cross-border context, see Practice note, Taking cross-border security, Finance Global Guide and Project Finance Global Guide which provide guidance on taking security in a variety of different jurisdictions.